2025-11-15T17:37:14-06:00 2024-12-31 134255527 CALVETTI FERGUSON 250 W NOTTINGHAM DR SUITE 100 SAN ANTONIO TX 78209 990 2024-01-01 823627799 COKER UMC PERMANENT ENDOWMENT FUND COKE 2104943455 231 E NORTH LOOP RD SAN ANTONIO TX 78216 JENNIFER SWEE CHAIRMAN 2104943455 2025-11-15 1 1 KIMIKO BACA P01268795 2105363200 2024 2025-03-06 01:10:19Z RICHARD MCMANUS 231 E NORTH LOOP RD SAN ANTONIO TX 78216 220701 0 X N/A X 2017 TX THE COKER UMC PERMANENT ENDOWMENT FUND (PEF) WAS FOUNDED AS A SUPPORTING ORGANIZATION TO HOLD AN ENDOWMENT FUND FOR THE BENEFIT OF COKER UNITED METHODIST CHURCH, INC., SAN ANTONIO, TEXAS. 7 7 0 7 0 0 30043 185255 0 0 30864 35446 0 0 60907 220701 45500 62300 0 0 0 0 0 0 0 2306 6215 47806 68515 13101 152186 1466245 1855729 0 0 1466245 1855729 THE COKER UMC PERMANENT ENDOWMENT FUND (PEF) WAS FOUNDED AS A SUPPORTING ORGANIZATION TO HOLD AN ENDOWMENT FUND FOR THE BENEFIT OF COKER UNITED METHODIST CHURCH, INC., SAN ANTONIO, TEXAS. 0 0 62300 62300 COKER UMC PERMANENT ENDOWMENT FUND (PEF) ADMINISTERS THE FUND ASSETS AND INCOME FOR EXCLUSIVE CHARITABLE PURPOSES TO PROVIDE FINANCIAL SUPPORT TO OR FOR THE BENEFIT OF COKER UNITED METHODIST CHURCH, INC. AND ANY PROGRAMS AND CHARITABLE MISSIONS CONSISTENTLY SUPPORTED BY COKER UMC, INC. 62300 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X X BECKY KIRBO 2104943455 231 E NORTH LOOP RD SAN ANTONIO TX 78216 X HARRIET W BUFFINGTON MEMBER 1.00 X 0 0 0 BILL AULT MEMBER 1.00 X 0 0 0 DWIGHT DARE MEMBER 1.00 X 0 0 0 LAURA ROGERS MEMBER 1.00 X 0 0 0 JENNIFER SWEE CHAIRMAN 1.00 X X 0 0 0 RICK MCMANUS VICE CHAIRMAN 1.00 X X 0 0 0 RICHARD GARRETT SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 185255 185255 35446 35446 220701 0 0 35446 62300 62300 6215 6215 68515 62300 6215 0 24500 25000 359261 286027 1082484 1544702 1466245 1855729 0 0 X -62436 0 1528681 1855729 1466245 1855729 1466245 1855729 152186 237298 0 X X 1 X 0 1 0 X X X 1 COKER UNITED METHODIST CHURCH INC 741367519 1 1 59000 0 1 59000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1466245 185255 272744 62300 6215 1855729 1231515 30043 252493 45500 2306 1466245 1341152 152455 -199812 58460 3820 1231515 1237657 46060 100935 42000 1500 1341152 1106974 31075 145128 41109 4411 1237657 0.00000 1.00000 0.00000 0 0 0 PART V, LINE 4: THE COKER PERMANENT ENDOWMENT FUND COMMITTEE (THE COMMITTEE) OF THE ORGANIZATION OVERSEES THE OPERATION AND INVESTMENTS OF THE COKER UMC PERMANENT ENDOWMENT FUND (PEF). THE PEF CONSISTS OF TWO FUNDS: THE ENDOWMENT TRUST AND THE ENDOWMENT FUND 2007. THE PEF'S INVESTMENT OBJECTIVES ARE TO: 1. PRESERVE THE PRINCIPAL FOR THE PERPETUATION OF THE PEF 2. GENERATE INCOME AT A REASONABLE RATE 3. GROW INCOME AND PRINCIPAL OVER AND ABOVE THAT NECESSARY TO OFFSET RISES IN THE COST OF LIVING 4. UPHOLD THE SOCIAL PRINCIPLES OF THE ORGANIZATION THE COMMITTEE HAS INTERPRETED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS ADOPTED BY THE STATE OF TEXAS AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS, ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE CHURCH CLASSIFIES AS PERPETUALLY RESTRICTED FUNDS (1) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PEF, (2) THE ORIGINAL VALUE OF ANY SUBSEQUENT GIFTS TO THE PEF, AND (3) 10% OF THE ANNUAL NET INCOME OF THE ENDOWMENT TRUST. THE REMAINING PORTION OF THE ANNUAL NET INCOME OF THE PEF THAT IS NOT CONSIDERED PERPETUALLY RESTRICTED NET ASSETS IS CLASSIFIED AS PURPOSE RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION, IN A MANNER CONSISTENT WITH THE ARTICLES CONTAINED IN THE TRUST AGREEMENT AND WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. NET INCOME NOT DISTRIBUTED DURING A TAXABLE YEAR IS ADDED TO THE PRINCIPAL. THE COMMITTEE RECOGNIZES THE IMPORTANCE OF BEING RESPONSIVE TO THE ONGOING NEEDS OF THE ORGANIZATION. THE SPENDING POLICY REFLECTS THE OBJECTIVE TO DISTRIBUTE FUNDS TO THE ORGANIZATION IN WAYS CONSISTENT WITH THE PRIMARY INVESTMENT GOALS. DISTRIBUTIONS OF 90% OF THE ANNUAL NET INCOME OF THE ENDOWMENT TRUST PORTION OF THE PEF MAY BE USED BY THE ORGANIZATION FOR RELIGIOUS, CHARITABLE, AND EDUCATIONAL PURPOSES, TO INCLUDE CAPITAL IMPROVEMENTS TO ORGANIZATION PROPERTY AND REPAIR OR REPLACEMENT OF ANY SUCH IMPROVEMENTS. NO PART OF THE INCOME OR PRINCIPAL SHALL EVER BE USED FOR ANY PURPOSE OTHER THAN RELIGIOUS, CHARITABLE AND/OR EDUCATIONAL PURPOSES OF THE ORGANIZATION. THE COMMITTEE WILL USE THE MOVING AVERAGE METHOD OF DETERMINING YEAR-TO-YEAR SPENDING FROM THE ENDOWMENT FUND 2007 IN ORDER TO SMOOTH DISTRIBUTIONS FROM THE AGGREGATE PORTFOLIO. THE COMMITTEE WILL ANNUALLY DETERMINE THE AMOUNT OF MONEY FROM THE ENDOWMENT FUND 2007 PORTION OF THE PEF TO BE DISTRIBUTED, BASED UPON A MAXIMUM SPENDING RATE OF 5% OF THE 3-YEAR ROLLING AVERAGE OF THE PORTFOLIO MARKET VALUE. THE PRINCIPAL MAY ONLY BE WITHDRAWN IN EXTREME AND OVERWHELMING CIRCUMSTANCES, BORDERING ON THE SURVIVAL OF THE ORGANIZATION ITSELF. ANY SUCH WITHDRAWAL MUST BE APPROVED BY A MAJORITY VOTE OF THE CHURCH CONFERENCE. 0 COKER UNITED METHODIST CHURCH INC 231 E NORTH LOOP RD SAN ANTONIO TX 78216 741367519 501(C)(3) 59000 0 SUPPORT COKER UNITED METHODIST CHURCH PROGRAMS INCLUDING THE HEALTH & WELLNESS CENTER 1 0 SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION COKER UMC PERMANENT ENDOWMENT FUND 231 E NORTH LOOP RD SAN ANTONIO, TX 78216 EMPLOYER IDENTIFICATION NUMBER: 82-3627799 FOR THE YEAR ENDING DECEMBER 31, 2024 COKER UMC PERMANENT ENDOWMENT FUND IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE GOVERNING BODY FOR REVIEW DURING THE NEXT BOARD MEETING AFTER RECEIVING THE RETURN. THE PRESIDENT REVIEWS AND APPROVES THE RETURN BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; HAS READ AND UNDERSTOOD THE POLICY; AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 ALL OFFICERS AND DIRECTORS ARE VOLUNTEER. HOWEVER, THE ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION INCLUDES A REVIEW AND APPROVAL OF INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 1 BASIS OF ACCOUNTING COKER UNITED METHODIST CHURCH PERMANENT ENDOWMENT FUND (PEF) IS A MINISTRY OF THE COKER UNITED METHODIST CHURCH (THE CHURCH) AND IS INCLUDED IN THE CONSOLIDATED STATEMENTS OF THE CHURCH. THE CONSOLIDATED STATEMENTS WERE PREPARED ON THE CASH BASIS OF ACCOUNTING MODIFIED FOR RECEIVABLES, INVESTMENTS, PREPAID EXPENSES, CERTAIN ACCRUALS, AND DEFERRALS, RATHER THAN THE FULL ACCRUAL BASIS OF ACCOUNTING, AND ARE NOT INTENDED TO PRESENT THE FINANCIAL POSITION OR THE RESULT OF OPERATIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAP). THESE MODIFICATIONS FROM THE CASH BASIS OF ACCOUNTING ARE DESIGNED TO RESULT IN A PRESENTATION THAT IS SIMILAR TO THE BUDGETARY REPORTS PRESENTED BY THE CHURCH. IN THESE BUDGETARY REPORTS, INVESTMENTS ARE SHOWN AT FAIR VALUE RATHER THAN COST BASIS, ITEMS PAID FOR EXPENSES BUDGETED IN A FUTURE PERIOD ARE SHOWN AS PREPAID EXPENSES, CASH PAID FOR LOANS AND ADVANCES IS RECORDED AS A NOTE OR ACCOUNT RECEIVABLE, LIABILITIES FOR EXTERNAL NOTES PAYABLE ARE PRESENTED, AND CERTAIN REVENUE RECEIVED IN ADVANCE FOR A FUTURE YEAR IS RECORDED AS DEFERRED REVENUE. THE CHURCH OBSERVES FUND ACCOUNTING PRINCIPLES. FORM 990, PART XII, LINE 2C THE ORGANIZATION USES AN EXTERNAL ACCOUNTING FIRM TO CONDUCT THE AUDIT. THE AUDITORS HAVE COMPLETE ACCESS TO THE ORGANIZATION'S FINANCIAL RECORDS. THE AUDIT FIRM IS SELECTED BY THE FINANCE COMMITTEE. COKER METHODIST CHURCH INC 231 E NORTH LOOP RD SAN ANTONIO TX 78216 741367519 CHURCH TX 501(C)(3) LINE 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 COKER METHODIST CHURCH INC B 59000 FMV SCHEDULE R, PART V COKER METHODIST CHURCH, INC. IS THE NAMED BENEFICIARY OF COKER UMC PERMANENT ENDOWMENT FUND AND APPOINTS THE BOARD OF DIRECTORS OF THE COKER UMC PERMANENT ENDOWMENT FUND.