Pasadena Methodist Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 95-6047662)

Revenue by fiscal year
FY2020	$887K
FY2021	$2.4M
FY2022	$483K
FY2023	$2.4M
FY2024	$1.7M

Expenses by fiscal year
FY2020	$635K
FY2021	$808K
FY2022	$2.8M
FY2023	$819K
FY2024	$1.0M

Net assets by fiscal year
FY2020	$19.3M
FY2021	$20.8M
FY2022	$18.5M
FY2023	$20.0M
FY2024	$20.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1945.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $635K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation

K Lussier

President

$0Pt VII · Sec A

W Lewis

1st VP

$0Pt VII · Sec A

K in

2nd VP

$0Pt VII · Sec A

J Clairday

Treasurer

$0Pt VII · Sec A

S Rogers

Secretary

$0Pt VII · Sec A

T Bowman

Trustee

$0Pt VII · Sec A

S Carpenter

Trustee

$0Pt VII · Sec A

E Dyson

Trustee

$0Pt VII · Sec A

See Pasadena Methodist Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds churches to support their missions and community outreach programs.

Provided by the organization

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2 programs · $635K · in their own filed words · FY2020

01

First United Methodist Church

Provide grants to further the purpose of the church's mission.

$635Kprogram expense

02

Scholarship grants to various students to pursue education

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Floy H Van Nuys Tr Uw 33l004000FY2024$35K

Total grants receivedfrom 1 funder$35K

Grants paid · 4 grants · $1.5M · 2020–2023

First United Methodist Church of PasadenaCA · FY2023$448,900

Unitemized GrantFY2023$2,700

First United Methodist Church of PasadenaCA · FY2022$601,501

First United Methodist Church of PasadenaCA · FY2020$449,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$887K

Ln 12

Investment incomeLn 3$659K

Other incomeLn 4–11$178K

Gifts and grantsLn 1h$50K

Money outPt IX

$635K

Ln 25

Programscol B$635K

Owns and owesPt X

$19.3M

net assets · Ln 32

Cash and savingsLn 1–2$127K

Total assetsLn 16$19.3M

LiabilitiesLn 26$16K

PeoplePt VI, VII

25

listed · VII A

PaidVII A0

Voting boardVI 1a25

IndependentVI 1b24

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$50K

Investment incomeLn 3$659K

Other incomeLn 4–11$178K

Gains on assetsLn 7$361K

Total revenueLn 12$887K

Assets in detailPt X, end of year

CashLn 1$127K

Cash and savings togetherLn 1–2$127K

InvestmentsLn 11–13$15.5M

Land, buildings, equipmentLn 10c$3.5M

Total assetsLn 16$19.3M

LiabilitiesLn 26$16K

Net assetsLn 32$19.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$264K	$127K
InvestmentsLn 11–13	$13.6M	$15.5M
Land, buildings, equipmentLn 10c	$3.5M	$3.5M
Total assetsLn 16	$17.5M	$19.3M
LiabilitiesLn 26	$15K	$16K
Net assetsLn 32	$17.5M	$19.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$449K	$449K
Grants to domestic individualsLn 2	$51K	$51K
Accounting feesLn 11c	$10K	$10K
OccupancyLn 16	$52K	$52K
InsuranceLn 23	$40K	$40K
Other expenses (24a–d)Ln 24	$33K	$33K
Total functional expensesLn 25	$635K	$635K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.7M	$1.0M	$732K	$20.8M	990 PDF
FY2023	$2.4M	$819K	$1.6M	$20.0M	990 PDF
FY2022	$483K	$2.8M	−$2.3M	$18.5M	990 PDF
FY2021	$2.4M	$808K	$1.5M	$20.8M	990 PDF
FY2020 Viewing	$887K	$635K	$251K	$19.3M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $886,672 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $301,455$49,755

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $853,366$658,897

I-11 Other revenuePrior year $176,152$178,020

I-12 Total revenuePrior year $1,330,973$886,672

I-13 Grants and similar amounts paidPrior year $586,102$499,994

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $90,511$135,366

I-18 Total expensesPrior year $676,613$635,360

I-19 Revenue less expensesPrior year $654,360$251,312

Part VI · Governance 24 of 25 board members independent, 4 to look at

VI-1a Voting members of the governing body25

VI-1b Independent voting members24

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $886,672 across 7 lines filed

VIII-1b Membership dues$7,200

VIII-1f All other contributions, gifts and grants$42,555

VIII-1h Total contributions, gifts and grants$49,755

VIII-3 Investment incomeRelated to mission $297,779$297,779

VIII-6 Net rental income or lossRelated to mission $178,020$178,020

VIII-7 Net gain or loss on sales of assetsRelated to mission $361,118$361,118

VIII-12 Total revenueRelated to mission $836,917 · Unrelated business $0 · Excluded from tax $0$886,672

Part IX · Statement of functional expenses $635,360 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $449,000$449,000

IX-2 Grants to domestic individualsPrograms $50,994$50,994

IX-11c Accounting feesPrograms $9,927$9,927

IX-16 OccupancyPrograms $52,214$52,214

IX-23 InsurancePrograms $40,063$40,063

IX-24 Other expenses (24a–d)Programs $33,162$33,162

IX-25 Total functional expensesPrograms $635,360 · Management $0 · Fundraising $0$635,360

Part X · Balance sheet $19,286,958 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $263,990$127,075

X-9 Prepaid expenses and deferred chargesStart of year $153,130$153,130

X-10c Land, buildings and equipment, netStart of year $3,467,025$3,467,025

X-11 Publicly traded securitiesStart of year $13,619,683$15,539,728

X-16 Total assetsStart of year $17,503,828$19,286,958

X-17 Accounts payable and accrued expensesStart of year $972$2,314

X-19 Deferred revenueStart of year $13,836$13,836

X-26 Total liabilitiesStart of year $14,808$16,150

X-32 Total net assets or fund balancesStart of year $17,489,020$19,270,808

X-33 Total liabilities and net assetsStart of year $17,503,828$19,286,958

Part XI · Reconciliation of net assets $19,270,808 net assets at year end

XI-1 Total revenue$886,672

XI-2 Total expenses$635,360

XI-3 Revenue less expenses$251,312

XI-4 Net assets at start of year$17,489,020

XI-5 Net unrealized gains (losses) on investments$1,530,476

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$19,270,808

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Pasadena Methodist Foundation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

First United Methodist Church

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV