Nonprofit · EIN 23-7258100
UNITED METHODIST FOUNDATION OF INDIANA INC
Tax-exempt · FISHERS, IN 46038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,583,145 | $2,759,851 | -$176,706 | $108,357,248 | $78,674,999 | $29,682,249 |
| December 31, 2024 | 990 | $2,150,119 | $2,894,736 | -$744,617 | $103,888,802 | $77,201,465 | $26,687,337 |
| December 31, 2023 | 990 | $2,034,673 | $2,601,672 | -$566,999 | $105,455,417 | $79,614,593 | $25,840,824 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $801,334
- Program service revenue
- $1,250,444
- Investment income
- $514,351
- Other revenue
- $17,016
Expenses
- Grants and similar amounts paid
- $1,259,316
- Compensation of officers, directors and key employees
- $166,083
- Other salaries and wages
- $725,011
- Salaries, compensation and benefits (total)
- $1,064,116
- Professional fundraising fees
- $0
- Legal fees
- $17,806
- Accounting fees
- $58,475
- Occupancy
- $80,163
- Travel
- $25,612
- Depreciation
- $12,313
- Program services (functional)
- $1,732,500
- Management and general (functional)
- $1,022,657
- Fundraising (functional)
- $4,694
Balance sheet and other
- Total assets, start of year
- $103,888,802
- Total assets, end of year
- $108,357,248
- Total liabilities, end of year
- $78,674,999
- Net assets, end of year
- $29,682,249
- Land, buildings and equipment
- $6,875
- Net assets without donor restrictions
- $6,013,736
- Net assets with donor restrictions
- $23,668,513
- Gross receipts
- $2,583,145
- Employees
- 10
- Volunteers
- 38
- Year formed
- 1962
- State of legal domicile
- IN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| D Manet Shettle | President Officer | 40 | $166,083 | $37,722 |
| Christopher Jacobs | Controller Highest-paid employee | 40 | $107,756 | $19,260 |
| Ed Armantrout | Director Trustee or director | 0.5 | $0 | $0 |
| Megan Blaising | Director Trustee or director | 0.5 | $0 | $0 |
| John Clay | Director Trustee or director | 0.5 | $0 | $0 |
| Gretchen Colon | Director Trustee or director | 0.5 | $0 | $0 |
| Curt Edmondson | Director Trustee or director | 0.5 | $0 | $0 |
| Tara Hendrey | Director Trustee or director | 0.5 | $0 | $0 |
| Corey Herrin | Director Trustee or director | 0.5 | $0 | $0 |
| Lakisha Edwards | Director Trustee or director | 0.5 | $0 | $0 |
| Kathy Parkison | Director Trustee or director | 0.5 | $0 | $0 |
| Larry Price | Director Trustee or director | 0.5 | $0 | $0 |
| Larna Spearman | Director Trustee or director | 0.5 | $0 | $0 |
| Lee White | Director Trustee or director | 0.5 | $0 | $0 |
| Larry Whitehead | Director Trustee or director | 0.5 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| George Wild | Director Trustee or director | 0.5 | $0 |
| Jeff Lorentson | Chair Officer | 1 | $0 |
| Shalimar Holderly | Vice Chair Officer | 1 | $0 |
| Chris Lantz | Director Officer | 1 | $0 |
| Karla Elliott | Director Officer | 1 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| D Manet Shettle | President Officer | 40 | $161,889 | $37,150 |
| Christopher Jacobs | Controller Highest-paid employee | 40 | $102,628 | $18,118 |
| Monte Chamberlin | Director Trustee or director | 0.5 | $0 | $0 |
| John Clay | Director Trustee or director | 0.5 | $0 | $0 |
| Teri Crouse | Director Trustee or director | 0.5 | $0 | $0 |
| Curt Edmonson | Director Trustee or director | 0.5 | $0 | $0 |
| Daryl Gilbert | Director Trustee or director | 0.5 | $0 | $0 |
| Shelley Johnson | Director Trustee or director | 0.5 | $0 | $0 |
| James Need | Director Trustee or director | 0.5 | $0 | $0 |
| Larry Price | Director Trustee or director | 0.5 | $0 | $0 |
| Larna Spearman | Director Trustee or director | 0.5 | $0 | $0 |
| Lee White | Director Trustee or director | 0.5 | $0 | $0 |
| Larry Whitehead | Director Trustee or director | 0.5 | $0 | $0 |
| George Wild | Director Trustee or director | 0.5 | $0 | $0 |
| Craig Wood | Director Trustee or director | 0.5 | $0 | $0 |
| Margaret Wood | Director Trustee or director | 0.5 | $0 | $0 |
| Karla Elliott | Director Officer | 1 | $0 | $0 |
| Shalimar Holderly | Vice Chair Officer | 1 | $0 | $0 |
| Chris Lantz | Director Officer | 1 | $0 | $0 |
| Jeff Lorentson | Chair Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| D Manet Shettle | President Officer | 40 | $156,794 | $33,250 |
| Dave Berry | Director Trustee or director | 0.5 | $0 | $0 |
| Monte Chamberlin | Chair Trustee or director, Officer | 1 | $0 | $0 |
| John Clay | Director Trustee or director | 1 | $0 | $0 |
| Teri Crouse | Director Trustee or director | 0.5 | $0 | $0 |
| Karla Elliott | Director Trustee or director | 0.5 | $0 | $0 |
| Daryl Gilbert | Director Trustee or director | 0.5 | $0 | $0 |
| Shalimar Holderly | Director Trustee or director, Officer | 1 | $0 | $0 |
| Shelley Johnson | Director Trustee or director | 0.5 | $0 | $0 |
| Chris Lantz | Director Trustee or director | 0.5 | $0 | $0 |
| Jeff Lorentson | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| James Need | Director Trustee or director | 1 | $0 | $0 |
| Larry Price | Director Trustee or director | 0.5 | $0 | $0 |
| Larna Spearman | Director Trustee or director | 0.5 | $0 | $0 |
| Lee White | Director Trustee or director | 0.5 | $0 | $0 |
| Larry Whitehead | Director Trustee or director | 0.5 | $0 | $0 |
| Craig Wood | Director Trustee or director | 0.5 | $0 | $0 |
| Margaret Wood | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8401 FISHERS CENTER DR, FISHERS, IN 46038-2318
- Principal officer (990 for 2025)
- D Manet Shettle, 8401 Fishers Center Drive, Fishers, IN 46038
- Signed the 990
- Christopher Jacobs, Controller
- Phone
- (317) 788-7879
- Website
- www.hm-foundation.org
Mission
Resourcing mission and ministry of United Methodist and other Weslyan-based churches in Indiana through stewardship development.
Program accomplishments
- The first program is General Services. The Foundation serves United Methodist and other Wesleyan-based churches, agencies, and members in the following ways: It provides investment management services to local churches, agencies, and boards. It assists local churches in developing, promoting, and managing their endowment programs. It provides educational seminars on stewardship, planned giving, estate planning, capital campaigns, and related subjects. It provides administrative services for donors making deferred gifts to their church or a church related mission or ministry.Expenses $331,386 · revenue $707,958
- The second program area is legacy grants. The Foundation acts as trustee and administers funds for the benefit of local churches and church related ministries and missions. It manages and administers endowment funds of the Foundation and distributes earnings. It evaluates grant requests, selects qualified recipients, and makes disbursements to qualified recipients. In general it supports the church's evangelical and social service programs, aims, and purposes of the United Methodist denomination in Indiana.Expenses $1,259,316 · grants $878,718 · revenue $4,518,201
- The third program is the Loan and Savings Ministry. The Loan and Savings Ministry provides funding to United Methodist and other Wesleyan-based churches and agencies in Indiana to purchase, build, or repair projects related to their church buildings and parsonages.Expenses $141,798 · revenue $528,604
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 | 990 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
- 23-7258100
- 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
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X21J)
- Assets (IRS master file)
- $108,357,248
- Income (IRS master file)
- $2,583,145
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,583,145 | $2,759,851 | $108,357,248 | XML |
| 990 | December 2024 | $2,150,119 | $2,894,736 | $103,888,802 | XML |
| 990 | December 2023 | $2,034,673 | $2,601,672 | $105,455,417 | XML |
| 990 | December 2022 | $2,213,393 | $2,693,582 | $102,704,929 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 23-7258100).
Questions about UNITED METHODIST FOUNDATION OF INDIANA INC
- What is the EIN of UNITED METHODIST FOUNDATION OF INDIANA INC?
- The employer identification number (EIN) of UNITED METHODIST FOUNDATION OF INDIANA INC is 23-7258100.
- Is UNITED METHODIST FOUNDATION OF INDIANA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to UNITED METHODIST FOUNDATION OF INDIANA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNITED METHODIST FOUNDATION OF INDIANA INC 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 FOUNDATION OF INDIANA INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNITED METHODIST FOUNDATION OF INDIANA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of UNITED METHODIST FOUNDATION OF INDIANA INC?
- The 990 for the year ended December 31, 2025 names D Manet Shettle.
- Who are the officers and directors of UNITED METHODIST FOUNDATION OF INDIANA INC?
- The 990 for the year ended December 31, 2025 lists 20 people; 2 received compensation from the organization, the highest $166,083 (D Manet Shettle, President).
- How much revenue does UNITED METHODIST FOUNDATION OF INDIANA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,583,145, expenses of $2,759,851 and total assets of $108,357,248 at year end.
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