GLOBAL METHODIST FOUNDATION OF NORTH ALABAMA

EIN: 992769068 501(c)(3) Religion

BIRMINGHAM, AL

Total Revenue
$356,591
Total Expenses
$24,749
Total Assets
$331,842
Net Assets
$331,842
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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
AL
Principal Officer
MATTHEW O'REILLY
Phone
2059915065
Tax Period
2024-04-01 to 2025-03-31

GLOBAL METHODIST FOUNDATION OF NORTH ALABAMA, founded in 2024, is a small nonprofit in the Religion sector that reported $357K in total revenue in fiscal year 2024. The organization ran a surplus of $332K, a strong 93% operating margin.

Mission

THE GLOBAL METHODIST FOUNDATION OF NORTH ALABAMA IS A NON-PROFIT SCHOLARSHIP FUND. THE FOUNDATION EXISTS TO FUND TUITION COSTS FOR NORTH ALABAMA GMC CLERGY CANDIDATES ENROLLED IN A GRADUATE DEGREE PROGRAM AT A SEMINARY RECOMMENDED BY THE GLOBAL METHODIST CHURCH.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $351,150
Program Service Revenue $0
Investment Income $5,441
Other Revenue $0
TOTAL REVENUE $356,591

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $24,180
Other Expenses $21,749
TOTAL EXPENSES $24,749

Year-over-Year Comparison

2024 2023 Change
Revenue $356,591 N/A N/A
Expenses $24,749 N/A N/A
Net Income $331,842 N/A N/A
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
8
Independent Members
8
Employees
N/A
Volunteers
N/A

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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY COVINGTON VICE PRESIDE 2.00
Officer Director
$0 $0 $0
CONNIE EDWARDS DIRECTOR 1.00
Director
$0 $0 $0
LYLE HOLLAND DIRECTOR 1.00
Director
$0 $0 $0
MARY LYTLE SECRETARY 2.00
Officer Director
$0 $0 $0
RODDY MCKINNEY DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW O'REILLY PRESIDENT 5.00
Officer Director
$0 $0 $0
DANIELLE PETERSON DIRECTOR 1.00
Director
$0 $0 $0
TODD WHEELES DIRECTOR 1.00
Director
$0 $0 $0
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 $356,591 $24,749 $331,842 $331,842
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