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Permanent Endowment Fund Of Moody Methodist Church

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 760680471 ✦ Galveston, TX ✦ Designated as a 501(c)(3)

Overview

What is Permanent Endowment Fund Of Moody Methodist Church?

The Permanent Endowment Fund of Moody Memorial First Methodist Church (PEF) is a nonprofit organization situated in Galveston, Texas, with a US address at 2200 Market Street, ZIP code 77550. With a modest workforce of four individuals, PEF contributes to the religious, charitable, educational, and missional objectives of Moody Methodist Church and the United Methodist Church. The Endowment's primary focus is on furthering the care of people in the name and spirit of Jesus Christ. It holds, manages, and distributes funds exclusively for the religious, charitable, and educational purposes of Moody Methodist Church.


Official website here: www.moodypef.org

Is Permanent Endowment Fund Of Moody Methodist Church legitimate?

Permanent Endowment Fund Of Moody Methodist Church is a legitimate nonprofit organization registered as a 501(c)(3) entity. Permanent Endowment Fund Of Moody Methodist Church submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $321,763
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,836

For more financial information, click here


Official website here: www.moodypef.org

What is the mission statement of Permanent Endowment Fund Of Moody Methodist Church?

The Permanent Endowment Fund of Moody Methodist Church is dedicated to supporting the religious, charitable, and educational endeavors of the Moody Methodist Church and the United Methodist Church. Through the management and distribution of funds, the Endowment helps further the mission of providing care and assistance in the name and spirit of Jesus Christ. The mission of the Endowment is to administer and distribute funds exclusively for the benefit of these causes, contributing to the overall well-being and growth of the religious community.


Official website here: www.moodypef.org

Who is the CEO of Permanent Endowment Fund Of Moody Methodist Church?

Bert R Bagley is the Principal Officer of Permanent Endowment Fund Of Moody Methodist Church.


Official website here: www.moodypef.org

What is the revenue of Permanent Endowment Fund Of Moody Methodist Church?

Permanent Endowment Fund Of Moody Methodist Church's revenue in 2022 was $12,563,184.


Official website here: www.moodypef.org

Who are the executives of Permanent Endowment Fund Of Moody Methodist Church and what are their salaries?

The average compensation at Permanent Endowment Fund Of Moody Methodist Church during 2022 was $101,650. There are 4 employees and 20 volunteers at Permanent Endowment Fund Of Moody Methodist Church.

Here are 11 key members and their salaries:

    Bert Bagley (Executive Director)
  • Compensation: $171,360
  • Related: $0
  • Other: $40,090

    • Randall K Robinson (Cfo)
  • Compensation: $107,100
  • Related: $0
  • Other: $3,213

    • Kimblyn N Raschke (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Sims (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roland Louis Bassett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gail Ayers Cantini (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Cox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Hay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edie Harrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Mignerey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ramona Webb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.moodypef.org

    Where can I find the form 990 for Permanent Endowment Fund Of Moody Methodist Church?

    The Permanent Endowment Fund Of Moody Methodist Church’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.moodypef.org

    Learn more at the official website: www.moodypef.org

    Mission Statement of Permanent Endowment Fund Of Moody Methodist Church

    The Permanent Endowment Fund of Moody Methodist Church, or PEF, is dedicated to furthering the religious, charitable, and educational pursuits of Moody Methodist Church and the United Methodist Church, all in the name and spirit of Jesus Christ. In essence, the Endowment serves as a philanthropic entity, managing and distributing funds to support the broad mission of the Moody Methodist Church. By holding and administering these resources, the Endowment enables the religious institution to make a greater impact in its community and beyond.

    Impact

    This information is meant to be a general summary of Permanent Endowment Fund Of Moody Methodist Church. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of the Permanent Endowment Fund of Moody Methodist Church is felt through its support of advancing the care of people in the Name and Spirit of Jesus Christ. By aiding in religious, charitable, educational, and missional purposes, the fund plays a vital role in fulfilling the mission of the Moody Methodist Church and the United Methodist Church. Through its efforts, the fund directly contributes to the welfare and development of the community in Galveston, TX, and upholds the values of faith, compassion, and service.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,328,899
  • Program Service Revenue: $0
  • Gross Receipts: $19,392,266

    • Assets and Liabilities:
  • Total Assets: $104,208,828
  • Total Liabilities: $560,472
  • Net Assets: $103,648,356
  • Organization Details

    Founding Year

    1980

    Principal Officer

    Bert R Bagley

    Main Address

    2200 Market Street, Galveston, TX, 77550

    NTEE Category

    Code: X21 - Religion related

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