United Methodist Retirement Homes Foundation in Durham, North Carolina (NC)

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United Methodist Retirement Homes Foundation
Employer Identification Number (EIN)561870172
Name of OrganizationUnited Methodist Retirement Homes Foundation
In Care of NameJ Herbert Bailey Jr
Address2600 Croasdaile Farm Pkwy, Durham, NC 27705-1331
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Fundraising, Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date07/1994
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,193,730
Amount of Income$121,847
Form 990 Revenue Amount$110,660
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2012: $121,847
United Methodist Retirement Homes Foundation: 

 $121,847
Other organizations performing similar types of work: 

 $97,434

Assets in 2012: $4,193,730
United Methodist Retirement Homes Foundation: 

 $4,193,730
Other organizations performing similar types of work: 

 $303,611

Expenses in 2001: $32,943
United Methodist Retirement Homes Foundation: 

 $32,943
Other organizations performing similar types of work: 

 $787,130

Income to expenses ratio in 2001: 30.7
United Methodist Retirement Homes Foundation: 

 30.7
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2001: 69.1%
United Methodist Retirement Homes Foundation: 

 69.1%
Other organizations performing similar types of work: 

 81.7%

Grants share in income in 2001: 120.1%
United Methodist Retirement Homes Foundation: 

 120.1%
Other organizations performing similar types of work: 

 1.5%

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Expenses for 2001

Functional Expenses for 2001 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001
Total revenue$1,010,032
Contributions, gifts, grants, and similar amounts received$1,212,862
Contributions to donor advised funds
Direct public support$1,212,862
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Interest on savings and temporary cash investments$2,042
Dividends and interest from securities$0
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$-204,872
Gross amount from sales of assets other than inventory$518,747
Less: cost or other basis and sales expenses$723,619
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$0
Total expenses$32,943
Program services$22,779
Management and general$10,164
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$2,117,645
Excess or (deficit) for the year$977,089
Net assets or fund balances at beginning of year$1,157,156
Other changes in net assets or fund balances$-16,600
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$32,943$22,779$10,164$0
Grants paid from donor advised funds
Other grants and allocations$22,779
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$9,125$0$9,125$0
Legal fees$90$0$90$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$949$0$949$0
Balance Sheets
2001
Total assets$2,465,191
Cash - non-interest-bearing$0
Savings and temporary cash investments$292,446
Accounts receivable less allowance for doubtful accounts$262,205
Pledges receivable less allowance for doubtful accounts$920,200
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$2,000
Investments - publicly-traded securities
Investments - other securities$896,340
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$0
Other assets, including program-related investments$92,000
Total liabilities$347,546
Accounts payable and accrued expenses$217
Grants payable$0
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$347,329
Total liabilities and net assets/fund balances$2,465,191
Total net assets or fund balances$2,117,645
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001
Total revenue$1,010,032
Total revenue, gains, and other support per audited financial statements$993,432
Other expenses$-16,600
Net unrealized gains on investments$-64,493
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$47,893
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001
Total expenses$32,943
Total expenses and losses per audited financial statements$32,943
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$-202,830$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,042$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-204,872$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
2000
Total$0
Gifts, grants, and contributions received$0
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$92,290
Contributions, Gifts, Grants and Other Similar Amounts$95,226
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$11,004
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$3,349
Gross amount from sales of assets other than inventory (Securities / Other)$3,349 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0
Gain or (loss) (Securities / Other)$3,349 / $0
Net loss from fundraising events$-17,289
Gross income from fundraising events$0
Less: direct expenses$17,289
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$78,848
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$78,848
Balance Sheet (for 2011)
Total assets$3,566,838
Total liabilities$2,926,609
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$2,926,609
Total net assets or fund balances$640,229
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Marine Toys For Tots Foundation18251 Quantico Gateway Drive, Triangle, VA 22172-1776VA2006-04$295,012,655
2Connecticut Health Foundation Inc100 Pearl Street, Hartford, CT 06103-4506CT2002-10$174,299,539
3Williamsburg Community Health Foundation Inc5308 Discovery Park Blvd, Williamsburg, VA 23188-2880VA1997-02$156,093,653
4Osteopathic Heritage Foundation1500 Lake Shore Dr Ste 230, Columbus, OH 43204-3800OH2004-03$141,668,418
5United Israel Appeal Of Canada IncToronto On M2r 3v3, Canadainternational2001-05$54,245,721
6United Methodist Retirement Homes Incorporated2600 Croasdaile Farm Pkwy No A-500, Durham, NC 27705-1331NC2011-08$46,081,175
7Charles A Cannon Charitable Trust No One1525 W Wt Harris Blvd D1114, Charlotte, NC 28288-0001NC1981-09$43,447,640
8The American Electric Power System Retiree Medical Benefit Trust For, Certain Union EmployeesPO BOX 535007, Pittsburgh, PA 15253-5007PA2004-09$27,602,685
9United Methodist Retirement Homes Foundation2600 Croasdaile Farm Pkwy, Durham, NC 27705-1331NC1994-07$121,847
10Bear Grass Educational FoundationPO BOX 869, Williamston, NC 27892-0869NC1998-06$37,385
11Bank Of America Charitable Foundation Inc150 N College St Nc1-028-17-06, Charlotte, NC 28202-2271NC2004-03$225,521,584
12R B Terry Charitable Foundation IncPO BOX 2003, High Point, NC 27261-2003NC1999-01$141,154,031
13Anonymous TrustPO BOX 31143, Raleigh, NC 27622-1143NC2010-11$118,443,111
14Porter B Byrum Charitable Tr, Porter B Byrum TteePO BOX 11795, Charlotte, NC 28220-1795NC2008-08$37,994,516
15Carlos And Marguerite Mason Foundation 4316997001525 W Wt Harris Blvd D1114-044, Charlotte, NC 28288-0001NC2006-01$23,358,867
16James R & Bonnie L Braswell Tr, Bower George W Jr Ttee300 E Wade St, Wadesboro, NC 28170-2231NC2002-05$14,858,368
17Northwest North Carolina Community FoundationPO BOX 4299, Winstonsalem, NC 27115-4299NC2006-06$12,295,292
18The Robertson Scholars Leadership ProgramOne W Fourth St, Winston Salem, NC 27101-3818NC2006-05$7,608,427
19Edward M Armfield Sr Foundation Inc324 W Wendover Ave Ste 130, Greensboro, NC 27408-8438NC2000-02$6,888,053
20Bill And Sharon Allen Familyfoundation810 Colville Rd, Charlotte, NC 28207-2312NC2007-03$6,301,380
21Anonymous FundPO BOX 9908, Greensboro, NC 27429-0908NC1999-10$5,229,808
22Greg And India Keith Foundation5201 Gorham Dr, Charlotte, NC 28226-6407NC2005-12$3,271,105
23Kean Hartquist Foundation17404 B Randalls Ferry Rd, Norwood, NC 28128-7460NC1999-03$2,794,618
24E T Rollins Jr And Frances Prollins Foundation3511 Shannon Rd Ste 140, Durham, NC 27707-6340NC2007-09$2,638,573
25Duke University Philanthropies Inc324 Blckwll St Wash Bldg Ste 920, Durham, NC 27701NC2005-02$2,592,959
26Caroline J S Sanders Charitable Trust Ii 65147071525 W Wt Harris Blvd D1114-044, Charlotte, NC 28288-0001NC2000-03$2,473,880
27Hayes Family Charitable Tr, Robert Hayes Jr Ttee220 N Tryon St, Charlotte, NC 28202-2137NC2008-02$2,305,092
28Carrie E And Lena V Glenn Foundation Inc1552 Union Rd Ste D, Gastonia, NC 28054-5523NC2005-03$2,287,802
29Nivison Family Foundation4104 Atlantic Ave Ste 140, Raleigh, NC 27604-1803NC2005-03$2,268,412
30Reinemund Family Foundation2712 Bartram Pl, Winston Salem, NC 27106-5101NC1999-02$2,157,203
Number of organizations performing similar types of work
Alaska25
Alabama192
Arkansas70
Arizona288
California2,416
Colorado378
Connecticut382
District of Columbia106
Delaware539
Florida1,396
Georgia456
Hawaii80
Iowa165
Idaho53
Illinois1,024
Indiana284
Kansas148
Kentucky156
Louisiana147
Massachusetts669
Maryland401
Maine82
Michigan596
Minnesota362
Missouri307
Mississippi62
Montana62
North Carolina519
North Dakota20
Nebraska159
New Hampshire72
New Jersey843
New Mexico87
Nevada190
New York2,482
Ohio691
Oklahoma217
Oregon198
Pennsylvania1,160
Rhode Island172
South Carolina161
South Dakota27
Tennessee240
Texas1,146
Utah259
Virginia453
Vermont52
Washington359
Wisconsin355
West Virginia66
Wyoming57
International34
Total20,865

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