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Permanent Endowment Fund of Moody Methodist Church

Galveston, TX · EIN 76-0680471 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Permanent Endowment Fund of Moody Methodist Church reported $312.7 million in revenue and $25.8 million in expenses for calendar year 2024. Of every $100 it spent, $95.79 went to program services, $4.21 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 93.6% of the total. The highest compensation it reported for one person was $203,616 (Executive Director). 1 person received more than $100,000 in reportable compensation. Revenue rose 2165% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $26M

For context, the median across 290 covered religion-related charities: $88.39 programs, $9.62 management, $1.99 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $313M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 290 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
95.8%86.0%
Management & general
Part IX 25(C) ÷ 25(A)
4.2%9.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%1.9%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
93.6%83.4%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%2.3%
Highest reported compensation
Part VII-A, columns D–F
$203,616$276,040
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.79%1.40%
People paid over $100,000
Part VII, line 2
14
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
187.512.7
Independent voting board members
Part VI 1a–1b
8 of 990.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$25M expenses · 100.0% of program spending · grants $24M

The Permanent Endowment Fund of the Moody Memorial First Methodist Church (PEF) aids in the religious, charitable, educational, and missional purposes of the Moody Methodist Church and the United Methodist Church

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Executive Director
Officer, 40.00 hrs/week
$162,763$0$40,853$203,616
Director
Director/trustee, 40.00 hrs/week
$96,320$0$0$96,320

1 people received more than $100,000 in reportable compensation from Permanent Endowment Fund of Moody Methodist Church (Part VII, line 2). Compensation of current officers, directors and key employees totaled $204K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$100M$200M$300M$400M201920202021202220232024$313M$26M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$313M$26M95.8%$404M$203,616
2023 ⓘ$19M$12M94.2%$122M$217,440
2022 ⓘ$13M$9.8M94.6%$104M$211,450
2021 ⓘ$19M$5.2M92.8%$123M$206,738
2020 ⓘ$14M$11M97.1%$107M$192,362
2019 (amended) ⓘ$14M$10M94.9%$100M$155,650

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
  • Audited financial statements Part XII 2bNo
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 54
  • Volunteers Part I, line 69

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
Cambridge Associates
Investment Fees
$665,011

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Permanent Endowment Fund of Moody Methodist Church's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Permanent Endowment Fund of Moody Methodist Church, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All religion-related charities · Largest charities in Texas

Questions people ask

How much of Permanent Endowment Fund of Moody Methodist Church's spending goes to programs?

In calendar year 2024, Permanent Endowment Fund of Moody Methodist Church reported that 95.8% of its $25.8 million in expenses went to program services, 4.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Permanent Endowment Fund of Moody Methodist Church pay its top executive?

The largest total compensation Permanent Endowment Fund of Moody Methodist Church reported for one person in calendar year 2024 was $203,616, for the role of Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Permanent Endowment Fund of Moody Methodist Church get its money?

Of $312.7 million in revenue in calendar year 2024, 93.6% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Permanent Endowment Fund of Moody Methodist Church a registered charity?

The IRS lists EIN 76-0680471 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503219349322215 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202540349349301079 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343179349309759 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202203169349300435 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133169349311033 · read the filing
  • 2019: Form 990 for calendar year 2019 (amended), object 202142319349301804 · read the filing

All filings for EIN 76-0680471: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.