Nonprofit · EIN 56-2259577
METHODIST HOME FOR CHILDREN FOUNDATION
Tax-exempt · RALEIGH, NC 27605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,112,434 | $1,303,800 | $1,808,634 | $28,109,021 | $6,875 | $28,102,146 |
| June 30, 2024 | 990 | $1,468,746 | $1,099,901 | $368,845 | $25,757,757 | $204,084 | $25,553,673 |
| June 30, 2023 | 990 | $1,426,860 | $1,164,167 | $262,693 | $23,663,033 | $5,500 | $23,657,533 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,067,857
- Program service revenue
- $0
- Investment income
- $2,044,577
- Net gain from sales of assets
- $1,467,855
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,112,768
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,112,768
- Management and general (functional)
- $191,032
Balance sheet and other
- Total assets, start of year
- $25,757,757
- Total assets, end of year
- $28,109,021
- Total liabilities, end of year
- $6,875
- Net assets, end of year
- $28,102,146
- Net assets without donor restrictions
- $19,929,910
- Net assets with donor restrictions
- $8,172,236
- Gross receipts
- $3,112,434
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Rev Bruce Stanley | President/CEO (through June '25) Former | 1 | $0 | $186,081 | $29,686 |
| Peter M Williams | VP Finance/CFO (through December '24) Former | 1 | $0 | $180,120 | $11,752 |
| Jessica Lang | VP Finance/CFO (from October '24) Officer | 1 | $0 | $38,721 | $0 |
| Paul Thomas | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Arthur Guy | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Rick Woods | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Katherine Edmiston | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Cady Thomas | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Katie Clayton | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Linda Coleman | Member at Large Trustee or director, Officer | 1 | $0 | $0 | $0 |
| John Gripman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Kent Locklear | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Rev Ben Williams | President/CEO (from August '25 - fiscal year) Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Rev Bruce Stanley | President/CEO Trustee or director, Officer | 1 | $0 | $199,920 | $21,986 |
| Peter M Williams | CFO Officer | 1 | $0 | $147,282 | $13,014 |
| Martha Walston | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Marcus Green | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Paul Thomas | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Arthur Guy | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Rick Woods | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Katherine Edmiston | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Cady Thomas | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Katie Clayton | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Linda Coleman | Member at Large Trustee or director, Officer | 1 | $0 | $0 | $0 |
| John Gripman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Rev Bruce Stanley | President/CEO Trustee or director, Officer | 1 | $0 | $172,394 | $29,217 |
| Peter M Williams | CFO Officer | 1 | $0 | $135,129 | $11,823 |
| Jessica Vickers | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Martha Walston | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Marcus Green | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Paul Thomas | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Arthur Guy | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Rick Woods | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Erik Ross | Member at Large Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Katherine Edmiston | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Cady Thomas | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1041 WASHINGTON ST, RALEIGH, NC 27605-1259
- Principal officer (990 for 2024)
- Jessica Lang, 1041 Washington Street, Raleigh, NC 27605
- Signed the 990
- Jessica Lang, VP of Finance & CFO
- Phone
- (919) 833-2834
- Website
- WWW.MHFC.ORG
- Return prepared by
- Williams Overman Pierce LLP
Mission
To serve exclusively as a supporting organization for the benefit of The Methodist Home for Children, Inc. by carrying out charitable and educational purposes that are consistent with and that support the purposes of The Methodist Home for Children, Inc.
Program accomplishments
- Support of The Methodist Home for Children, Inc. OperationsExpenses $1,112,768 · grants $1,112,768
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2259577
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $28,109,021
- Income (IRS master file)
- $3,112,434
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,112,434 | $1,303,800 | $28,109,021 | XML |
| 990 | June 2024 | $1,468,746 | $1,099,901 | $25,757,757 | XML |
| 990 | June 2023 | $1,426,860 | $1,164,167 | $23,663,033 | XML |
| 990 | June 2022 | $2,450,093 | $670,032 | $21,761,285 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-2259577).
Questions about METHODIST HOME FOR CHILDREN FOUNDATION
- What is the EIN of METHODIST HOME FOR CHILDREN FOUNDATION?
- The employer identification number (EIN) of METHODIST HOME FOR CHILDREN FOUNDATION is 56-2259577.
- Is METHODIST HOME FOR CHILDREN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to METHODIST HOME FOR CHILDREN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does METHODIST HOME FOR CHILDREN 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 METHODIST HOME FOR CHILDREN FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did METHODIST HOME FOR CHILDREN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of METHODIST HOME FOR CHILDREN FOUNDATION?
- The 990 for the year ended June 30, 2025 names Jessica Lang.
- Who are the officers and directors of METHODIST HOME FOR CHILDREN FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does METHODIST HOME FOR CHILDREN FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,112,434, expenses of $1,303,800 and total assets of $28,109,021 at year end.
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