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Pasadena Methodist Foundation FY2022 filing

Tax-deductible

Pasadena, CA501(c)(3)ReligionEIN 95-6047662

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Provide grants to further the mission of the first united Methodist church of Pasadena.

501(c)(3) charity; gifts are tax-deductible.
22¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $350K a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
22%
of spending
Concern: 22% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 25 voting members
Looks good: 24 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$483K
-80% vs prior year
Spent
$2.8M
To programs
22%
Net assets
$18.5M
By yearFY2020–FY2024
Revenue
$483K
FY2022▼ -80%
Revenue by fiscal year
FY2020$887K
FY2021$2.4M
FY2022$483K
FY2023$2.4M
FY2024$1.7M
Expenses
$2.8M
FY2022▲ +250%
Expenses by fiscal year
FY2020$635K
FY2021$808K
FY2022$2.8M
FY2023$819K
FY2024$1.0M
Net assets
$18.5M
FY2022▼ -11%
Net assets by fiscal year
FY2020$19.3M
FY2021$20.8M
FY2022$18.5M
FY2023$20.0M
FY2024$20.8M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

22 cents of each dollar spent went to programs.

Program services 22% · $626K Management & general 78% · $2.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation
K Lussier
Director
$0Pt VII · Sec A
S Lohr
1st VP
$0Pt VII · Sec A
K in
1st VP
$0Pt VII · Sec A
J Clairday
Treasurer
$0Pt VII · Sec A
S Rogers
President
$0Pt VII · Sec A
T Bowman
Trustee
$0Pt VII · Sec A
D Carrera
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 · $626K · in their own filed words · FY2022
01

First United Methodist Church

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

$626Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$483K
Ln 12
Investment incomeLn 3$345K
Other incomeLn 4–11$133K
Gifts and grantsLn 1h$5K
Money outPt IX
$2.8M
Ln 25
Programscol B$626K
Managementcol C$2.2M
Owns and owesPt X
$18.5M
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$18.5M
LiabilitiesLn 26$15K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Investment incomeLn 3$345K
Other incomeLn 4–11$133K
Total revenueLn 12$483K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
InvestmentsLn 11–13$14.8M
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$18.5M
LiabilitiesLn 26$15K
Net assetsLn 32$18.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$115K$96K
InvestmentsLn 11–13$17.1M$14.8M
Land, buildings, equipmentLn 10c$3.5M$3.5M
Total assetsLn 16$20.8M$18.5M
LiabilitiesLn 26$15K$15K
Net assetsLn 32$20.8M$18.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$602K$602K
Accounting feesLn 11c$2K$2K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$2.2M$24K$2.2M
Total functional expensesLn 25$2.8M$626K$2.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.7M$1.0M$732K$20.8M 990 PDF
FY2023 $2.4M$819K$1.6M$20.0M 990 PDF
FY2022 Viewing $483K$2.8M−$2.3M$18.5M 990 PDF
FY2021 $2.4M$808K$1.5M$20.8M 990 PDF
FY2020 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $482,937 across 5 lines filed
VIII-1b Membership dues$4,850
VIII-1h Total contributions, gifts and grants$4,850
VIII-3 Investment incomeRelated to mission $344,624$344,624
VIII-6 Net rental income or lossRelated to mission $133,463$133,463
VIII-12 Total revenueRelated to mission $478,087 · Unrelated business $0 · Excluded from tax $0$482,937
Part IX · Statement of functional expenses $2,830,050 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $601,501$601,501
IX-11c Accounting feesManagement $1,680$1,680
IX-23 InsuranceManagement $9,387$9,387
IX-24 Other expenses (24a–d)Programs $24,382 · Management $2,193,100$2,217,482
IX-25 Total functional expensesPrograms $625,883 · Management $2,204,167 · Fundraising $0$2,830,050
Part X · Balance sheet $18,486,841 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $114,750$95,826
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 $17,099,049$14,770,860
X-16 Total assetsStart of year $20,833,954$18,486,841
X-17 Accounts payable and accrued expensesStart of year $972$972
X-19 Deferred revenueStart of year $13,836$13,836
X-26 Total liabilitiesStart of year $14,808$14,808
X-32 Total net assets or fund balancesStart of year $20,819,146$18,472,033
X-33 Total liabilities and net assetsStart of year $20,833,954$18,486,841
Part XI · Reconciliation of net assets $18,472,033 net assets at year end
XI-1 Total revenue$482,937
XI-2 Total expenses$2,830,050
XI-3 Revenue less expenses−$2,347,113
XI-4 Net assets at start of year$20,819,146
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,472,033

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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