Florida United Methodist Foundation 
The information on this page was last updated 6/25/2026. If you see errors or omissions, please email: [email protected]
Summary
As an independent, faith-based financial institution, the Florida United Methodist Foundation is uniquely positioned to offer congregations and individuals the resources and tools they need to be more faithful stewards.
Guided by a biblical understanding of stewardship, inspired by a Wesleyan emphasis on abundant grace, and driven by a passion for the mission of the church, the Foundation partners with individuals, businesses, schools and churches to put faithful stewardship into action.
Contact information
Mailing address:
Florida United Methodist Foundation
450 Martin L. King Jr. Ave
Lakeland, FL 33815
Website: fumf.org
Phone: (863) 904-2970
Email: Email [email protected]
Organization details
EIN: 591148710
CEO/President: Ed New
Chairman: Bruce Ford
Board size: 16
Founder: George A. Foster
Ruling year: 1966
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
The Florida United Methodist Foundation is passionate about empowering churches, ministries and individuals to thrive. We do that by helping them put faithful stewardship into action.
Mission statement
Supporting and empowering the growth of Christian ministry.
Statement of faith
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Christian Foundations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 990 of 1412 | 17 of 23 |
| Fund acquisition rating | | 640 of 1412 | 11 of 23 |
| Resource allocation rating | | 674 of 1412 | 13 of 23 |
| Asset utilization rating | | 1287 of 1413 | 21 of 23 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 0% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 81% | 1% | 2% | 3% | 4% | 7% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 0% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 19% | 99% | 98% | 97% | 96% | 93% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 95% | 94% | 92% | 94% | 95% | 95% |
Spending ratio Spending ratio = Total expenses / Total revenue | 79% | 94% | 98% | 104% | 86% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 88% | 90% | 98% | 82% | 89% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 21% | 6% | 2% | -4% | 14% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 4% | 1% | -2% | 7% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 5% | 6% | 8% | 6% | 5% | 5% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.29 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.21 | 1.74 | 1.96 | 12.91 | 5.22 | 6.51 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 0.31 | 0.06 | 0.06 | 0.29 | 0.11 | 0.15 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 408.53 | 288.63 | 275.69 | 34.01 | 54.95 | 117.88 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.00 | 0.00 | 0.00 | 0.03 | 0.02 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 38.01 | 190.16 | 201.22 | 40.41 | 102.68 | 78.58 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 1% | 94% | 94% | 95% | 95% | 94% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 41% | 41% | 34% | 37% | 38% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 324% | 172% | 198% | 216% | 239% | 238% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Cash | $24,586,518 | $3,626,752 | $14,333,705 | $47,602,849 | $34,715,403 |
| Receivables, inventories, prepaids | $62,945 | $67,517 | $63,044 | $68,039 | $38,664 |
| Short-term investments | $116,602,573 | $116,383,834 | $5,904,447 | $6,979,066 | $6,031,302 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $141,252,036 | $120,078,103 | $20,301,196 | $54,649,954 | $40,785,369 |
| Long-term investments | $290,118 | $255,786 | $44,663,962 | $14,712,993 | $248,865 |
| Fixed assets | $1,070,734 | $1,088,735 | $1,176,988 | $1,209,874 | $1,297,433 |
| Other long-term assets | $103,734,281 | $113,846,342 | $195,925,369 | $214,820,202 | $223,066,665 |
| Total long-term assets | $105,095,133 | $115,190,863 | $241,766,319 | $230,743,069 | $224,612,963 |
| Total assets | $246,347,169 | $235,268,966 | $262,067,515 | $285,393,023 | $265,398,332 |
| Liabilities | 2024 | 2023 | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $489,396 | $435,554 | $596,881 | $994,595 | $345,998 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $489,396 | $435,554 | $596,881 | $994,595 | $345,998 |
| Debt | $100,870,761 | $95,396,607 | $90,013,168 | $104,243,295 | $101,041,331 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $129,705,567 | $125,278,264 | $158,789,995 | $165,186,452 | $149,316,303 |
| Total long-term liabilities | $230,576,328 | $220,674,871 | $248,803,163 | $269,429,747 | $250,357,634 |
| Total liabilities | $231,065,724 | $221,110,425 | $249,400,044 | $270,424,342 | $250,703,632 |
| Net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Without donor restrictions | $11,571,780 | $10,580,108 | $9,309,564 | $11,331,515 | $11,395,540 |
| With donor restrictions | $3,709,665 | $3,578,433 | $3,357,907 | $3,637,166 | $3,299,160 |
| Net assets | $15,281,445 | $14,158,541 | $12,667,471 | $14,968,681 | $14,694,700 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total contributions | $86,898 | $120,550 | $170,027 | $315,641 | $466,764 |
| Program service revenue | $7,813,772 | $6,220,577 | $5,474,010 | $5,477,132 | $6,068,063 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,583,310 | $902,297 | ($28,273) | $1,467,483 | $57,344 |
| Other revenue | $633 | $993 | $4,611 | $19,171 | $5,287 |
| Total other revenue | $9,397,715 | $7,123,867 | $5,450,348 | $6,963,786 | $6,130,694 |
| Total revenue | $9,484,613 | $7,244,417 | $5,620,375 | $7,279,427 | $6,597,458 |
| Expenses | 2024 | 2023 | 2022 | 2021 | 2020 |
| Program services | $8,342,043 | $6,537,348 | $5,493,076 | $5,962,929 | $5,848,175 |
| Management and general | $540,537 | $597,685 | $358,322 | $307,857 | $327,064 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $8,882,580 | $7,135,033 | $5,851,398 | $6,270,786 | $6,175,239 |
| Change in net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Surplus (deficit) | $602,033 | $109,384 | ($231,023) | $1,008,641 | $422,219 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $602,033 | $109,384 | ($231,023) | $1,008,641 | $422,219 |
Compensation
| Name | Title | Compensation |
| Rev Edward New | President & CEO | $250,595 |
| Pamela Hicks | Vice President - Thru 5/24 | $194,129 |
| Andrew Craske | Vice President | $165,124 |
| Margaret Cox | CFO | $151,010 |
| Elena Nicholas | Dir. of Development - As of 4/24 | $132,904 |
Compensation data as of: 12/31/2024
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/25/2026. To update the information below, please email: [email protected]
History
On June 3, 1966, the Rev. George A. Foster presented a resolution to establish the Foundation at the Florida Conference's annual gathering. It was approved the next day. The conference then named Holmes executive director and elected nine board members, including A.B. Blackburn, a Jacksonville attorney and friend of Holmes, who prepared the Foundation's resolution and charter. In recollections about Holmes in the late '90s, Blackburn described him as a good businessman and "someone who always looked to the future." "He possessed a unique combination of talents," Blackburn said. "He was a minister who also happened to be a financial genius."
Holmes wanted to save and earn money for the conference, and he believed the Foundation could serve conference churches and agencies by facilitating charitable gifts and managing investments. He traveled the state to promote the Foundation's work, Blackburn said, and he used his business and financial acumen to benefit "anything to do with Methodism in Florida." The Foundation was one of the early Methodist foundations established, and in 1968, it joined six others to form the National Association of United Methodist Foundations. The organization now includes foundations representing every United Methodist conference in the United States.
Nearly a decade later in 1976, the Florida Foundation launched the Florida United Methodist Development Fund Inc., a separate corporation. The fund was created to provide below-market mortgage financing for churches and conference agencies and above-market investment returns for individual and institutional investors in Florida.
In 1990, the Foundation added United to its name, reflecting the denomination's 1968 merger, and over the next decade, the Foundation's ministry grew. In 1995, it became financially independent from the Florida Conference.
In 2003, the Foundation and Development Fund merged to become one corporation, the Florida United Methodist Foundation. And in 2016, the Foundation celebrated its 50th anniversary and a half-century of partnering with United Methodists across the conference to put faithful stewardship into action.