According to the United Methodist Committee on Relief (UMCOR) consolidated audit of December 31, 2022 (Note 1, Nature of the organization and principles of consolidation):
"United Methodist Committee on Relief of Global Ministries, Inc. is a Domestic Nonprofit Corporation in the state of Georgia. United Methodist Committee on Relief of Global Ministries, Inc. (UMCOR), a tax-exempt, not-for-profit organization, was established by the General Conference of The United Methodist Church to provide assistance to persons in need through programs of relief, rehabilitation, service to refugees, and renewal of life."
"National Justice for Our Neighbors, Inc. d/b/a Immigration Law & Justice Network ("ILJN"), a wholly owned subsidiary of UMCOR, is a tax-exempt, not-for-profit organization which was established to administer immigration programs. UMCOR provides shared services to ILJN."
"UMCOR at Sager Brown ("Sager Brown"), a wholly owned subsidiary of UMCOR, was organized by UMCOR and the General Board of Global Ministries of The United Methodist Church, Inc. ("Global Ministries") as a material relief program of UMCOR. The purpose of Sager Brown is to operate the facilities of Sager Brown and the UMCOR depot in support of worldwide ministries, as well as continued development of community ministries. Sager Brown operates as a division of UMCOR and is supported primarily through funding by UMCOR and revenues generated from ministries carried out related to volunteer depot staffing and disaster relief projects."
"All of the financial activities and balances of UMCOR, ILJN and Sager Brown are included in the consolidated financial statements (collectively, "UMCOR"). All significant intercompany accounts and transactions are eliminated in consolidation." |
According to the United Methodist Committee on Relief (UMCOR) consolidated audit of December 31, 2022 (Note 4, Transactions with related entities):
"UMCOR reimburses Global Ministries for shared costs for support of certain programs and administrative and management services. During the years ended December 31, 2022 and 2021, UMCOR reimbursed Global Ministries $5,345,222 and $4,965,854, respectively, for these costs. These amounts are included in program services and management and general expenses in the accompanying consolidated statements of activities."
"During 2021, UMCOR contributed $23,086 to Global Ministries towards the construction and rehabilitation costs of the new headquarters in Atlanta, Georgia. These amounts are included in specialized ministries expenses in the accompanying consolidated statements of activities. UMCOR shares office space with Global Ministries."
"During 2022, Global Ministries contributed $2,561,082 to UMCOR, $2,500,000 for a global health initiative and $61,082 from Advance giving."
"UMCOR has placed certain [amounts] of its endowment funds with Global Ministries for investment management purposes. At December 31, 2022 and 2021, UMCOR had assets under management with Global Ministries of $1,513,146 and $1,975,281, respectively. Since the underlying investments are not in UMCOR's name those balances are included in investments and a corresponding liability is recorded in funds held for others in the statements of financial position. Investment returns are allocated to UMCOR based upon the weighted average percentage of the UMCOR funds held for investment to the total Global Ministries investments."
"The Advance for Christ and His Church is an official program of The United Methodist Church (the "Church") through which support may be designated for projects approved by the Advance Committee of Global Ministries. An Advance Special Gift is a contribution made by an individual, local church, organization, district, or conference to a project authorized by the Advance Committee. Special Sunday Offerings is an annual special offering for relief programs. The World Service Fund is the basic benevolence fund of the Church and annual allocations from the World Service Fund are made to support the activities of the various organizations of the Church. Advance Special Gifts, UMCOR Sunday Offerings and allocations from the World Service Fund are passed to UMCOR through the GCFA from the General Funds of the Church. These amounts are reported separately in the consolidated statements of activities."
"Amounts received from the other United Methodist churches and agencies accounted for 94% and 90% of UMCOR's total operating revenue in 2022 and 2021, respectively. The Church's support of UMCOR is dependent upon contributions from its congregations (i.e., congregational participation in the apportionment covenant)." |
According to the United Methodist Committee on Relief (UMCOR) consolidated audit of December 31, 2022 (Note 13, Contingencies and uncertainties):
"The Protocol of Reconciliation and Grace Through Separation was introduced as legislation in early 2020 for the upcoming General Conference. This joins other legislative proposals that if adopted by the General Conference would provide an alternative way for churches to separate from the United Methodist Church. These proposals include a provision for new denominations to receive financial payments from the United Methodist Church and retain their real estate. The scheduled General Conference has been delayed until 2024, and the financial impact resulting from these potential separations on the General Funds is unknown at this time." |
