Nonprofit · EIN 23-7077869
UNITED METHODIST HIGHER EDUCATION FOUNDATION
Tax-exempt · NASHVILLE, TN 37203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,744,288 | $2,861,543 | $882,745 | $64,085,514 | $458,958 | $63,626,556 |
| December 31, 2023 | 990 | $2,391,247 | $2,736,377 | -$345,130 | $61,866,679 | $531,422 | $61,335,257 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $562,697
- Program service revenue
- $0
- Investment income
- $3,181,591
- Net gain from sales of assets
- $1,805,299
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,218,867
- Compensation of officers, directors and key employees
- $321,632
- Other salaries and wages
- $391,685
- Salaries, compensation and benefits (total)
- $938,041
- Professional fundraising fees
- $0
- Legal fees
- $91
- Accounting fees
- $19,280
- Occupancy
- $129,721
- Travel
- $51,922
- Depreciation
- $5,383
- Program services (functional)
- $2,020,217
- Management and general (functional)
- $396,416
- Fundraising (functional)
- $444,910
Balance sheet and other
- Total assets, start of year
- $61,866,679
- Total assets, end of year
- $64,085,514
- Total liabilities, end of year
- $458,958
- Net assets, end of year
- $63,626,556
- Land, buildings and equipment
- $14,538
- Publicly traded securities
- $63,318,815
- Net assets without donor restrictions
- $30,549,371
- Net assets with donor restrictions
- $33,077,185
- Gross receipts
- $3,744,288
- Employees
- 6
- Volunteers
- 40
- Year formed
- 1965
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT F FLETCHER | PRIOR PRESID Officer | 40 | $133,847 | $43,903 |
| PHILIP D JAMIESON | PRESIDENT/CE Officer | 40 | $49,792 | $12,994 |
| JESSE ARY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ABBY AUMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR IRMA CLARK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARA STULTZ COSTELLO | INTERIM PRES Trustee or director, Officer | 1 | $0 | $0 |
| HERMAN FELTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROLAND FERNANDES | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| TIMOTHY GRIFFY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOLLY GABEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR JOSEPH HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORI HARDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TARI HUGHES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIE JOHNSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM N JOHNSTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY KUAN | TRUSTEE Trustee or director | 1 | $0 |
| KATHI AUSTIN MAHLE | TRUSTEE Trustee or director | 1 | $0 |
| WAYNE MOY | TRUSTEE Trustee or director | 1 | $0 |
| BRUCE OUGH | TRUSTEE Trustee or director | 1 | $0 |
| SHERRON SHUFFIELD | TRUSTEE Trustee or director | 1 | $0 |
| IRISH SPENCER | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES THOELE | TRUSTEE Trustee or director | 1 | $0 |
| JAVIER VIERA | TRUSTEE Trustee or director | 1 | $0 |
| BILL VOGEL | TRUSTEE Trustee or director | 1 | $0 |
| LORENE WILBUR | TRUSTEE Trustee or director | 1 | $0 |
| MELVA WILLIAMS | TRUSTEE Trustee or director | 1 | $0 |
| RONALD WILSON | TRUSTEE Trustee or director | 1 | $0 |
| NANCY YOUNG | TRUSTEE Trustee or director | 1 | $0 |
| JADD MASSO | CHAIR Trustee or director, Officer | 1 | $0 |
| JEFFREY TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT R FLETCHER | PRESIDENT/CE Officer | 40 | $128,190 | $42,211 |
| GLENN C ANDREW | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JESSE ARY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR IRMA CLARK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J ROWLAND COOK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARA STULTZ COSTELLO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HERMAN FELTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY GRIFFY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOLLY GABEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR JOSEPH HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TARI HUGHES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIE JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM N JOHNSTON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR RUTH A KNOX | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY KUAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHI AUSTIN MAHLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WAYNE MOY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRUCE OUGH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHERRON SHUFFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES THOELE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAVIER VIERA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL VOGEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORENE WILBUR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MELVA WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR KEN YAMADA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY YOUNG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREG BERGQUIST | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| JULIE CHILDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JADD MASSO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY TAYLOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 54 MUSIC SQ E STE 250, NASHVILLE, TN 37203-4357
- In care of
- % LISA WILKERSON
- Principal officer (990 for 2024)
- CARA STULTZ COSTELLO, PO BOX 34005, NASHVILLE, TN 37203
- Signed the 990
- CARA STULTZ COSTELLO, INTERIM PRESIDENT
- Phone
- (615) 649-3990
- Website
- WWW.UMHEF.ORG
- Return prepared by
- MULLINS CLEMMONS & MAYES PLLC
Mission
THE ORGANIZATION WAS ESTABLISHED TO DEVELOP AND MANAGE FUNDS FOR SCHOLARSHIPS FOR UNITED METHODIST STUDENTS ATTENDING UNITED METHODIST RELATED SCHOOLS.
Program accomplishments
- UNITED METHODIST DOLLARS FOR SCHOLARS PROVIDES MATCHING SCHOLARSHIPS FOR STUDENTS ATTENDING UNITED METHODIST-RELATED INSTITUTIONS. LOCAL UNITED METHODIST CHURCHES PROVIDE 1,000 TO A MEMBER STUDENT (TOTALING 419,000 IN 2024), THE UNITED METHODIST HIGHER EDUCATION FOUNDATION MATCHES EACH STUDENT'S 1,000, AND IN MOST INSTANCES THE UNITED METHODIST-RELATED EDUCATIONAL INSTITUTION MATCHES 1,000, BRINGING THE TOTAL AWARD TO 3,000 PER STUDENT. FURTHER, WITH A SELECT NUMBER OF UNITED METHODIST CONFERENCE FOUNDATIONS, THE AWARD IS MATCHED WITH AN ADDITIONAL 1,000 (TOTALING 276,328 IN 2024), BRINGING THE TOTAL AWARD TO 4,000 PER STUDENT. TOTAL SCHOLARSHIPS AWARDED BY UNITED METHODIST HIGHER EDUCATION FOUNDATION THROUGH THIS PROGRAM IN 2024 WERE 1,114,328.Expenses $2,020,217 · grants $1,218,867
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7077869
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Assets (IRS master file)
- $64,085,514
- Income (IRS master file)
- $3,744,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,744,288 | $2,861,543 | $64,085,514 | XML |
| 990 | December 2023 | $2,391,247 | $2,736,377 | $61,866,679 | XML |
| 990 | December 2022 | $2,034,614 | $2,391,061 | $56,702,890 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7077869).
Questions about UNITED METHODIST HIGHER EDUCATION FOUNDATION
- What is the EIN of UNITED METHODIST HIGHER EDUCATION FOUNDATION?
- The employer identification number (EIN) of UNITED METHODIST HIGHER EDUCATION FOUNDATION is 23-7077869.
- Is UNITED METHODIST HIGHER EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to UNITED METHODIST HIGHER EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNITED METHODIST HIGHER EDUCATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNITED METHODIST HIGHER EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNITED METHODIST HIGHER EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UNITED METHODIST HIGHER EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names CARA STULTZ COSTELLO.
- Who are the officers and directors of UNITED METHODIST HIGHER EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 30 people; 2 received compensation from the organization, the highest $133,847 (ROBERT F FLETCHER, PRIOR PRESID).
- How much revenue does UNITED METHODIST HIGHER EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,744,288, expenses of $2,861,543 and total assets of $64,085,514 at year end.
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