First United Methodist Foundation of Sidney Inc.

Overview

The First United Methodist Foundation of Sidney Inc. is a nonprofit organization aimed at supporting and promoting religious, charitable, and educational efforts. It falls under the category of Religion-Related, Spiritual Development, and Single Organization Support according to the National Taxonomy of Exempt Entities (NTEE).

Financial Information

As reported in its Form 990 filings, the organization primarily relies on contributions and investment income for its revenue. In more recent years, contributions have been the dominant source, while investment income has also played a significant role, though it has sometimes resulted in losses. The foundation has maintained substantial assets without any recorded liabilities.

Mission and Activities

The mission of the First United Methodist Foundation of Sidney Inc. is centered on fostering religious, charitable, and educational activities. This includes supporting initiatives that align with these purposes, often through financial means or strategic partnerships. While specific activities are not detailed in public filings, the organization's focus is broadly aligned with religious and community development goals.

Tax Status

Donations to this organization are tax deductible, reflecting its status as an exempt entity under the U.S. tax code. The organization files annual Form 990 returns to the Internal Revenue Service, ensuring transparency in its financial operations and governance.

[1] https://projects.propublica.org/nonprofits/organizations/311247963 [2] https://sidneyfirst.com [3] https://projects.propublica.org/nonprofits/organizations/311247963/202043169349304659/full [4] https://sidneyumc.org [5] https://www.youtube.com/watch?v=bIV-oISGdv4