Methodist Childrens Home in Waco, Texas (TX)

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Methodist Childrens Home
Employer Identification Number (EIN)741109750
Name of OrganizationMethodist Childrens Home
Address1111 Herring Ave, Waco, TX 76708-3642
ActivitiesOther youth organization or activities, Combat juvenile delinquency, Other school related activities
SubsectionCharitable Organization
Ruling Date07/1942
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$385,944,017
Amount of Income$34,474,722
Form 990 Revenue Amount$34,474,722
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Group Home (Long Term)

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Amount of income in 2012: $34,474,722
Methodist Childrens Home: 

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Assets in 2012: $385,944,017
This organization: 

Other organizations performing similar types of work: 


Expenses in 2007: $22,947,862
Methodist Childrens Home: 

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Income to expenses ratio in 2007: 1.6
This organization: 

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Expenses allocated to program services in 2007: 84.1%
This organization: 

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Grants share in income in 2007: 17.8%
Methodist Childrens Home: 

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Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$18,364,125$-11,819,103$-5,856,542$40,834,549$33,309,866$28,617,911$31,554,798$37,575,391
Contributions, gifts, grants, and similar amounts received$12,579,885$7,306,116$7,901,400$6,109,363$7,684,407$6,560,636$6,335,364$6,694,171
Contributions to donor advised funds$0$0
Direct public support$12,579,885$7,306,116$7,901,400$6,109,363$7,684,407$6,560,636$6,335,364$6,694,171
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$358,918$393,331$474,612$959,307$1,253,217$1,365,818$2,627,919$2,898,785
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$528,040$203,626$148,860$64,083$3,291,473$3,615,169$4,262,800$1,883,356
Dividends and interest from securities$7,041,220$6,166,601$5,762,012$6,074,935$3,693,363$4,972,220$5,041,539$8,064,991
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$3,926,233$3,538,231$4,070,504$4,054,260$5,322,077$5,328,470$5,691,293$7,624,556
Gain or (loss) from sales of assets other than inventory$-6,098,269$-29,470,753$-24,232,790$23,545,441$12,065,329$6,775,598$7,595,883$10,409,532
Gross amount from sales of assets other than inventory$253,418,518$141,136,802$198,327,039$188,827,764$107,209,356$64,655,585$56,467,425$87,180,526
Less: cost or other basis and sales expenses$259,516,787$170,607,555$222,559,829$165,282,323$95,144,027$57,879,987$48,871,542$76,770,994
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$28,098$43,745$18,860$27,160$0$0$0$0
Total expenses$16,918,211$17,498,654$19,493,373$20,888,328$18,984,558$19,820,992$21,063,995$22,947,862
Program services$11,649,816$12,289,016$14,120,570$15,364,484$15,480,528$16,197,924$17,327,344$19,308,788
Management and general$4,218,724$4,198,505$4,431,883$4,614,635$2,645,701$2,717,897$2,908,694$2,663,108
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$306,291,914$272,667,378$270,788,239$300,693,107$324,795,926$351,697,796$401,017,575$390,075,428
Excess or (deficit) for the year$1,445,914$-29,317,757$-25,349,915$19,946,221$14,325,308$8,796,919$10,490,803$14,627,529
Net assets or fund balances at beginning of year$345,697,231$306,291,914$272,667,378$270,788,239$300,693,107$324,795,926$351,697,796$401,017,575
Other changes in net assets or fund balances$-40,851,231$-4,306,779$23,470,776$9,958,647$9,777,511$18,104,951$38,828,976$-25,569,676
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$22,947,862$19,308,788$2,663,108$975,966
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$699,600$260,700$438,900$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
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)$0$0$0$0
Salaries and wages of employees not included above$10,953,220$9,661,233$908,715$383,272
Pension plan contributions not included above$555,883$467,982$67,606$20,295
Employee benefits not included above$1,434,615$1,270,033$121,992$42,590
Payroll taxes$880,563$757,039$92,999$30,525
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Postage and shipping$228,415$0$75,377$153,038
Equipment rental and maintenance$643,452$286,420$329,480$27,552
Printing and publications$224,543$0$65,756$158,787
Conferences, conventions, and meetings$0$0$0$0
Depreciation, depletion, etc.$1,044,444$1,044,444$0$0
Other expenses not covered above$4,691,371$4,233,330$322,343$135,698
Balance Sheets
Total assets$306,701,933$273,133,007$271,255,456$301,177,320$325,359,617$352,400,693$402,091,894$390,935,937
Cash - non-interest-bearing$46,881$0$78,834$0$52,290$390,952$0$826,088
Savings and temporary cash investments$0$0$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$1,020,475$788,985$702,304$688,898$573,980$559,693$608,822$607,690
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$4,936,695$4,930,866$1,336,358$1,466,791$1,185,262$999,301$993,514$985,408
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$56,613$78,320$403,066$184,903$141,927$184,488$159,516$178,473
Investments - publicly-traded securities$348,086,743$324,751,792
Investments - other securities$273,820,173$242,579,666$242,155,241$272,913,240$293,335,369$314,950,694$12,254,808$12,155,240
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$19,991,256$17,607,609$19,397,000$18,686,618$22,939,750$28,626,622$33,284,451$44,717,571
Land, buildings, and equipment less accumulated depreciation$6,829,840$7,147,561$7,182,652$7,236,869$7,131,039$6,688,943$6,704,039$6,713,675
Other assets, including program-related investments$0$0$1$1$0$0$1$0
Total liabilities$410,019$465,629$467,217$484,213$563,691$702,897$1,074,319$860,509
Accounts payable and accrued expenses$65,754$107,658$66,233$64,227$20,179$174,922$255,856$168,794
Grants payable$344,263$279,249$400,984$419,986$543,511$527,974$778,441$691,715
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$2$78,722$0$0$1$1$40,022$0
Total liabilities and net assets/fund balances$306,701,933$273,133,007$271,255,456$301,177,320$325,359,617$352,400,693$402,091,894$390,935,937
Total net assets or fund balances$306,291,914$272,667,378$270,788,239$300,693,107$324,795,926$351,697,796$401,017,575$390,075,428
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue$18,364,125$-11,819,103$-5,856,542$40,834,549$33,309,866$28,617,911$31,554,798$37,575,391
Total revenue, gains, and other support per audited financial statements$18,364,125$-11,819,103$-5,856,542$50,793,196$33,309,866$28,617,911$31,554,798$37,575,391
Other expenses$0$0$0$9,958,647$0$0$0$0
Net unrealized gains on investments$0$0$0$9,958,647$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses$16,918,211$17,498,654$19,493,373$20,888,328$18,984,558$19,820,992$21,063,995$22,947,862
Total expenses and losses per audited financial statements$16,918,211$17,498,654$19,493,373$20,888,328$18,984,558$19,820,992$21,063,995$22,947,862
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings21
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?No
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?No
Does the organization have a written conflict of interest policy?Yes
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?No
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)?No
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?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Program service revenue
Program service revenue 1000000$000$0$1,173,155
Program service revenue 2000000$000$0$997,296
Program service revenue 3000000$000$0$289,175
Program service revenue 4000000$000$0$222,530
Program service revenue 5000000$000$0$216,629
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$000$0$1,883,356
Dividends and interest from securities000000$000$0$8,064,991
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$7,624,556
Gain or (loss) from sales of assets other than inventory000000$000$0$10,409,532
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 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
Total number of other employees paid over $50,00012
Statements About Activities (for 2007)
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?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
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$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType III
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
750181211Central Texas Conference Of The United Methodist ChurchNo$0
Support Schedule
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$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$0$0$0$0$0$0$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$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$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$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
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 2012)
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 2012)
Total revenue$34,474,722
Contributions, Gifts, Grants and Other Similar Amounts$6,496,340
Program Service Revenue$1,691,351
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$8,286,507
Income from investment of tax-exempt bond proceeds$0
Net rental income$2,220
Gross rents (Real / Personal)$2,220 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$2,220 / $0
Net gain from sales of assets other than inventory$7,575,996
Gross amount from sales of assets other than inventory (Securities / Other)$7,570,577 / $5,419
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0
Gain or (loss) (Securities / Other)$7,570,577 / $5,419
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$1,126,627
Statement of Functional Expenses (for 2012)
Total functional expenses$26,888,131
Compensation of current officers, directors, trustees, and key employees$972,435
Other salaries and wages$13,099,037
Payroll taxes$1,025,028
Professional fundraising services$0
Balance Sheet (for 2012)
Total assets$385,944,017
Total liabilities$3,676,909
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
Total net assets or fund balances$382,267,108
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
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)
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Total417 is not associated with, endorsed by, or sponsored by Methodist Childrens Home and has no official or unofficial affiliation with Methodist Childrens Home