2024-05-01T09:16:32-07:00 2023-12-31 990 2023-01-01 570865121 The First United Methodist Church Foundation of Laurens FIRS 8649847696 PO Box 203 Laurens SC 29360 Sam L Howell Treasurer 8649847696 2024-05-01 Sam Howell XXX-XX-XXXX true 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Smith Patterson PO Box 203 Laurens SC 29360 150538 false X N/A X 1987 SC (1) To receive, hold, manage, and invest funds for the benefit of the First United Methodist Church of Laurens (2) To manage a church endowment fund which provides financial help for the poor, sick, or needy residents of Laurens County, SC. 6 6 0 6 0 0 20 10035 0 6849 23769 0 6869 33804 7037 5470 0 0 0 0 9287 56884 16324 62354 -9455 -28550 844955 925193 0 844955 925193 (1) To receive, hold, manage, and invest funds for the benefit of the First United Methodist Church of Laurens (2) To manage a church endowment fund which provides financial help for the poor, sick, or needy residents of Laurens County, SC. false false 5470 5470 0 The Foundation provided 27 financial assistance grants to Laurens County residents totaling $5,470.00. These grants are authorized and approved by the pastor of the First United Methodist Church of Laurens, SC in accordance with the endowment's guidelines. Payments are primarily used to pay utility related bills, assistance with medical bills, and temporary housing costs. 33400 0 0 The Foundation transferred $33,400.00 to the church to help cover the costs related to the installation of a split HVAC system in the Fellowship Building. 15000 0 0 The Foundation transferred $15,000.00 to the church at the request of the Missions Committee to support local ministries. 53870 true true false false false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 6 6 false false false false false false false true false false false false false false false false false false X Sam L Howell 8649231263 346 Watersedge Dr Cross Hill SC 29332 X Smith Patterson Chairman X X 0 0 0 Sam Howell Treasurer X X 0 0 0 Scott Tollison Director X 0 0 0 Teresa Crabtree Director X 0 0 0 Annette Elwood Director X 0 0 0 Gene Curry Director X 0 0 0 false false false 10035 10035 19899 0 19899 120604 116734 3870 3870 0 0 3870 33804 0 0 23769 5470 5470 8484 0 8484 0 48400 48400 0 0 62354 53870 8484 0 5010 5010 40699 69234 40650 40650 758596 810299 844955 925193 0 0 X 492904 540007 352051 385186 844955 925193 844955 925193 -28550 108788 X false false false X 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 352051 10035 47554 20470 3984 385186 422419 -59145 7037 4186 352051 392417 10000 46176 21760 4414 422419 354324 10 47305 5408 3814 392417 297572 10500 53217 3463 3502 354324 0.86000 0.14000 true false Pt V, Line 4 The Foundation contains three endowment funds, two are permanent endowments and one is temporarily restricted. The McMillan Fund is a permanent endowment. Funds are used to provide assistance payments to help the poor, sick, or needy residents of Laurens County, SC. At the beginning of the year a spend rate of 5% of the FMV of the fund is made available for assistance payments. Twenty seven assistance grants totaling $5,470.00 were made in 2023. Pt V, Line 4 The Martha Aiken Benjamin Fund is a temporarily restricted endowment. The funds are used to support the Missions and Educational programs of the church. $15,000.00 in funds were requested from the church during 2023. Pt V, Line 4 The Gibbon Fund is a permanent endowment. It has an annual spend rate of 2% of the FMV of the fund at the beginning of each year which is available to provide Health Care Provider Recognition Grants and Health Care Educational Grants for those providing or intending to provide health care related services to Laurens County residents. No grants were made in 2023. true Monthly Utility Bills 26 5470 0 Bills provided N/A Pt I Line 2 Assistance grants are made on behalf of needy residents of Laurens County, SC based on an individual's request or referral for assistance to the Pastor of the First United Methodist Church of Laurens. The Pastor either approves or denies the request based on the information provided. If approved, payments are made to the service provider to satisfy the grantee's obligations. The grants during this year covered utility bill assistance. The supporting documentation is filed and periodically reviewed by a member of the church's Finance Committee. All disbursements require the Pastor's signature and one other authorized check signer. Pt III, col (b) There were 26 individuals that benefited from 27 grants totaling $5,470.00 in 2023. Pt VI, Line 8b Not applicable Pt VI, Line 19 The governing documents, financial statements, and tax return are available upon requests from the Treasurer. Pt VI, Line 19 Requests can be made directly to the Treasurer and copies Pt VI, Line 19 can be reviewed at the First United Methodist Church, West Main St. Laurens, SC in the office of the Financial Secretary during normal business hours. The Foundation does not have a conflict of interest policy. Other Pt XII, Lines 2a and 2b. The records and financial statements are reviewed annually by an independent team selected from members of the Finance Committee. Pt VI, Line 11b There is no formal process to review the 990 prior to filing. It is prepared by the Treasurer and available for review upon request. The First United Methodist Church PO Box 203 Laurens SC 29360 570359255 Religious Services SC 501(c)(3) Church false false false false false false false false false false false false false false true false false false true false (1) The First United Methodist Church n (2) The First United Methodist Church r 48400 Requested Part V-Line 2 (1)The Foundation uses the church facilities for meetings and office equipment for copying, etc. As an integral component of the church, there is no charge for this use. Part V-Line 2 (2)The Foundation transferred $15,000.00 upon the request of the Missions Committee and $33,400.00 requested by the Trustees of the church for infrastructure needs.