FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION INC

EIN: 756042162 501(c)(3) Religion

FORT WORTH, TX

Total Revenue
$5,801,863
Total Expenses
$4,125,202
Total Assets
$101,236,897
Net Assets
$100,653,118
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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
TX
Principal Officer
SID JOHNSTON
Phone
8176392367
Tax Period
2024-01-01 to 2024-12-31

FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION INC, founded in 1964, is a community nonprofit in the Religion sector that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 29% operating margin.

Mission

TO SOLICIT, RECEIVE, MAINTAIN AND PRESERVE (EITHER ABSOLUTELY OR IN TRUST) GIFTS AND BEQUESTS WHICH ARE INTENDED TO BENEFIT THE FIRST UNITED METHODIST CHURCH OF FORT WORTH. TO SUPPORT, BENEFIT, BE RESPONSIVE TO THE NEEDS OF, ASSIST IN CARRYING OUT THE PURPOSES OF AND TO PROMOTE THE MINISTRIES, PROGRAMS AND ACTIVITIES OF THE FIRST UNITED METHODIST CHURCH OF FORT WORTH.

Program Service Accomplishments

Program 1
Expenses: $3,067,946 Revenue: $316

THROUGH THE GENEROSITY OF MANY DEDICATED MEMBERS AND FRIENDS OF FIRST UNITED METHODIST CHURCH OF FORT WORTH, THE FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION INC. CONTINUED ITS TRADITION OF...

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THROUGH THE GENEROSITY OF MANY DEDICATED MEMBERS AND FRIENDS OF FIRST UNITED METHODIST CHURCH OF FORT WORTH, THE FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION INC. CONTINUED ITS TRADITION OF BUILDING ITS ASSET BASE AND GENERATING INCOME FOR CHURCH USE. WE ARE CONTINUALLY THANKFUL FOR LEGACY DONATIONS THAT ALLOW DONORS TO MAKE A GIFT AND KNOW IT WILL CONTINUE TO SUPPORT OUR CHURCH IN PERPETUITY. THROUGH LEGACY GIVING, PEOPLE WHO LOVE OUR GREAT CHURCH CONTINUE GIVING BEYOND THEIR LIFETIMES. EACH DONOR'S PHILANTHROPY AND MEMORY LIVE FOREVER. IT'S ALMOST AS IF THEY CONTINUE TO WRITE A CHECK TO THE CHURCH EVERY YEAR BECAUSE THEIR ORIGINAL GIFT TO THE FOUNDATION IS STILL INTACT, PRODUCING ANNUAL INCOME FOR THE CHURCH. HAVING ANNUAL INCOME PRODUCED BY THE ENDOWMENT ASSURES GIFTS EXTEND THROUGH MULTIPLE GENERATIONS BECAUSE OF THE UNIQUE STRUCTURE OF THE FOUNDATION ENDOWMENT. THE FOUNDATION'S ENDOWMENT USES ONLY THE INTEREST AND INCOME GENERATED FROM ORIGINAL DONATIONS SUPPORTING THE CHURCH AND ITS ENTIRE COMMUNITY, NEVER TOUCHING THE ORIGINAL CONTRIBUTIONS THAT FORM THE CORPUS OF THE FUND. SINCE ITS BEGINNING IN 1964, THE FOUNDATION HAS RELEASED OVER $72.5 MILLION TO OUR CHURCH. WE STRIVE TO HAVE EVERYONE UNDERSTAND THE FOUNDATION'S VALUE IN ITS INTERRELATIONSHIP WITH THE CHURCH. THE FOUNDATION WORKS DILIGENTLY TO ASSURE THAT CONGREGANTS KNOW ABOUT HOW THE FOUNDATION OPERATES AND TAKE PRIDE IN ITS FUNCTION TO HELP THE CHURCH DO ITS INVALUABLE WORK. WE ARE THANKFUL FOR THE WISE DECISION OF PAST AND PRESENT BOARDS OF THE FOUNDATION AS THEY FULFILL THE DREAM OF OUR 1964 FOUNDERS. IN 2024, THE FOUNDATION RELEASED A TOTAL OF $3.067 MILLION IN EARNINGS TO THE CHURCH FOR THEIR USE TO SUPPORT ITS MOST PRESSING NEEDS. THIS FINANCIAL CONTRIBUTION ENABLED THE CHURCH TO UNDERTAKE A SERIES OF CRITICAL MAINTENANCE AND IMPROVEMENT PROJECTS, ENSURING THE CONTINUED FUNCTIONALITY AND ENHANCEMENT OF ITS FACILITIES. KEY INITIATIVES FUNDED BY THESE EARNINGS INCLUDED THE REPAIR OF THE SANCTUARY CEILING, THE REPLACEMENT OF THE MULTIZONE HVAC SYSTEM FOR THE MAIN CHURCH, LIGHTING UPGRADES IN THE CHAPEL, INSTALLATION OF GATES FOR THE GARDEN, AND RENOVATIONS TO THE FOUNDATION'S SECOND FLOOR. ADDITIONALLY, THE FUNDS FACILITATED FLOOD DAMAGE REPAIRS AND RENOVATIONS TO THE JUSTIN YOUTH BUILDING, THE INSTALLATION OF NEW CAMERAS AND AN INTERCOM SYSTEM FOR THE PRESCHOOL, ELEVATOR REPAIRS, AND THE ADDITION OF CAMERAS FOR THE 11:11 WORSHIP SERVICES. BEYOND INFRASTRUCTURE IMPROVEMENTS, THESE FUNDS ALSO PROVIDED VITAL SUPPORT TO THE METHODIST JUSTICE MINISTRY, FIRST STREET MISSION, AND DEMENTIA-FRIENDLY MINISTRIES, REINFORCING THE CHURCH'S COMMITMENT TO SERVING ITS CONGREGATION AND COMMUNITY. OUR GOAL IS TO ENSURE WE HAVE CLEAR, UNDERSTANDABLE, AND TRANSPARENT INFORMATION ABOUT FOUNDATION OPERATIONS, EFFORTS, AND RESULTS. WE SHARE FACTS AND FIGURES WITH INTERESTED PARTIES THROUGH PRINT COLLATERAL MATERIALS, GUEST LECTURES FOR SUNDAY SCHOOL CLASSES, SOCIAL MEDIA POSTS, AND OUR WEBSITE: HTTP://WWW.FMCFOUNDATION.ORG. THE FOUNDATION'S ENDOWMENT CONTINUES TO BE A TIMELESS, ENDURING RESOURCE FOR THE FIRST UNITED METHODIST CHURCH OF FORT WORTH. WE HOPE TO INSPIRE OUR FUMCFW FAMILY TO BECOME EVEN MORE INTERESTED IN WHAT THE FOUNDATION HAS RELEASED TO THE CHURCH FOR ITS PROGRAMS, SERVICES, AND OUTREACH. WE HOPE THEY WILL APPRECIATE THAT WE EXIST ONLY TO ENHANCE THE CHURCH THROUGH ONGOING UNDERWRITING MADE POSSIBLE BY LEGACY CONTRIBUTIONS FROM OUR ALTRUISTIC, GENEROUS DONORS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,383
Program Service Revenue $0
Investment Income $4,951,420
Other Revenue $822,060
TOTAL REVENUE $5,801,863

Expense Breakdown

Grants Paid $3,067,946
Salaries & Benefits $438,371
Fundraising Expenses $0
Program Expenses $3,067,946
Other Expenses $618,885
TOTAL EXPENSES $4,125,202

Year-over-Year Comparison

2024 2023 Change
Revenue $5,801,863 $4,420,733 +0.3%
Expenses $4,125,202 $3,561,877 +0.2%
Net Income $1,676,661 $858,856 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
2
Volunteers
22

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
25
$0
Key Employees
1
$286,781
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOU ANN BLAYLOCK DIRECTOR EMERITI 0.30
Director
$0 $0 $0
LEE BLOEMENDAL MD DIRECTOR EMERITI 0.30
Director
$0 $0 $0
VERNON BRYANT DIRECTOR EMERITI 0.30
Director
$0 $0 $0
R EARL COX III DIRECTOR EMERITI 0.30
Director
$0 $0 $0
RICHARD DEBERRY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN MADDUX DIRECTOR 0.30
Director
$0 $0 $0
MICHELLE HOLLOWAY DIRECTOR/SECRETARY 0.30
Officer Director
$0 $0 $0
KENNETH H JONES JR DIRECTOR EMERITI 0.30
Director
$0 $0 $0
DON L STEGALL DIRECTOR EMERITI 0.30
Director
$0 $0 $0
JOHN R THOMPSON JR DIRECTOR EMERITI 0.30
Director
$0 $0 $0
HENRY B PAUP DIRECTOR EMERITI 0.30
Director
$0 $0 $0
ASHLEY JOHNSON PRESIDENT 2.00
Officer Director
$0 $0 $0
GREGORY W MONROE DIRECTOR 0.30
Director
$0 $0 $0
DAVID MOORE DIRECTOR 0.30
Director
$0 $0 $0
JENNY HOLMANN DIRECTOR 0.30
Director
$0 $0 $0
ALICIA RATTIKIN LINDSEY DIRECTOR 0.30
Director
$0 $0 $0
MANDI NOSS DIRECTOR 0.30
Director
$0 $0 $0
BRIAN BELL DIRECTOR 0.30
Director
$0 $0 $0
DAVID DOLL DIRECTOR 0.30
Director
$0 $0 $0
MEGHAN FAHEY ADVISORY DIRECTOR 0.30
Director
$0 $0 $0
COURTNEY HOLM ADVISORY DIRECTOR 0.30
Director
$0 $0 $0
WA LANDRETH III ADVISORY DIRECTOR 0.30
Director
$0 $0 $0
LAURA MOSES ADVISORY DIRECTOR 0.30
Director
$0 $0 $0
NATHAN VASSEUR DIRECTOR 0.30
Director
$0 $0 $0
CYE WAGNER DIRECTOR 0.30
Director
$0 $0 $0
SID JOHNSTON EXECUTIVE DIRECTOR 50.00
Key Emp
$253,749 $33,032 $286,781
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $5,801,863 $4,125,202 $101,236,897 $1,676,661
2023 $4,420,733 $3,561,877 $92,624,444 $858,856
2022 $3,948,768 $3,478,163 $79,886,646 $470,605
2021 $7,597,400 $3,512,541 $97,113,260 $4,084,859
2020 $6,096,366 $4,978,861 $86,204,055 $1,117,505
2019 $4,129,056 $3,267,062 $77,375,892 $861,994
2018 $5,486,841 $3,036,292 $64,691,029 $2,450,549
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