{ INUMC Year End Information Published December 19, 2014 (this is an auto-run presentation)

{

INUMC Year End

InformationPublished December 19, 2014

(this is an auto-run presentation)

Physical Office Address:Indiana Annual Conference 

301 Pennsylvania Pkwy, Suite 300   Indianapolis, IN 46280 

877‐781‐6706 Office Hours M-F 8:30-4:30

Tithe Remittance Address: INUMC  

Dept. 6089 Carol Stream, IL 60122‐6089 

Use this address for ALL Giving!Address Information

Calculating Tithe

The Conference is asking for a minimum of a 10% tithe of undesignated income and your district support is a % of this same income figure.

Specifically, below are the guidelines we passed as an Annual Conference in June, 2011 for what is to be included in that calculation.

1. Income from identified and unidentified contributors. 2. Pledged or unpledged income. 3. Undesignated interest and dividend income. 4. Income received from building use fees. 5. Income received from fundraisers and programs in support

of the operating budget.

Income from capital campaigns, pass-through giving and tuition-based ministries is not included in the tithing calculation.

2015 District Percentages

North District 1%

Northeast District 1%

Northwest District 1%

North Central District 1%

Central District 1.5%

East District 1.15%

South District 1.5%

Southeast District 1.25%

Southwest District 1.2%

West District 1.45%

Preparing W2s

In box 1 put Gross cash salary – Less Personal portion of health insuranceFlex Spending withholdingPre-tax UMPIP contributions withheldHousing or parsonage exclusion

Preparing W2s

Boxes 3, 4, 5, and 6 should be 0s for clergy

Preparing W2s

Box 12a is where Employer AND Employee portion of health insurance premiums are reported with code DD

Preparing W2s

Box 12b is where pretax UMPIPcontributions go with code E

Also check thebox for Retirement plan

Preparing W2s

"Housing Exclusion" or "Parsonage Exclusion" amount is reported in Box 14 for informational purpose

Quarterly 941 Filing

Include all gross salaries here less:* clergy housing/parsonage exclusion for qtr* flex spending withholding* pre-tax UMPIP contributions withheld* personal portion of health ins withheld

Quarterly 941 Filing

No clergy wages should appear in #5

Important Dates – 1st Qtr

Deadline for prioryear tithe payments

4th Quarter Form 941W-2’s to employees 1099’s to independent contractors

W-3’s, W-2’s to IRS WH-3’s to IN Dept of Revenue

Important Dates – 2nd Qtr

1st Qtr 941 Form

Form NP20 to IN Dept of Revenue, Property Tax Exemptions to local Assessor's office (if changes) Personal Property Tax Forms to Local Assessor’s office

Local Church Audit form to Conference Center

Important Dates – 3rd/4th Qtrs

2nd Qtr 941 Form

3rd Qtr 941 Form

Useful Websites

www.gcfa.orgwww.inumc.org

www.irs.gov www.gbophb.org

www.in.gov/dor

www.bcbsil.com

www.umcmission.org

www.umcgiving.org

Jennifer Gallagher, Director of Financial ServicesTax questions, Church financial visits

Heidi Harding, ControllerYear End Reporting, 941 & W2 questions, ROG

Elsie Miller, Database AdministratorAddress changes

Anne Hayton, Financial Services/Pension ClerkPension questions

Jonathan Gerber, Financial Services Clerk Accounts Payable

Emily Burkhart, Financial Services Clerk/Camp Registrar

Camp registrations, Deposits Jenni Walker, Financial Services Clerk

Moving informationFinancial Services Contacts

Email first name .

last [email protected]

For questions, comments, or suggestions on this presentation please contact Heidi Harding at the Conference Center.

[email protected]

You can also download a hard copy on the INUMC website under the Finance section.