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← TRULIANT FEDERAL CREDIT UNION FOUNDATION

Form 990 for tax year 2025

Filed by TRULIANT FEDERAL CREDIT UNION FOUNDATION.

Totals

Total revenue
$718,401
Total expenses
$583,727
Contributions and grants received
$752,295
Grants paid
$535,883
Program service revenue
$0
Investment income
$0
Other revenue
-$33,894
Total assets, end of year
$142,174
Total liabilities, end of year
$7,500
Net assets or fund balances, end of year
$134,674
Program services expenses (Part IX)
$535,883
Management and general expenses
$47,844
Fundraising expenses
$0
Program service expenses (Part III)
$535,883

Program services were 91.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $136,574

  • 1f · All other contributions, gifts and grants

    $615,721

  • 8a · Fundraising events: gross income

    $23,322

  • 8a · Fundraising events: contributions included on line 1c

    $136,574

  • 8b · Fundraising events: direct expenses

    $57,216

  • 8c · Net income from fundraising events

    total -$33,894 · excluded -$33,894

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $495,383 · program services $495,383

  • 2 · Grants to domestic individuals

    total $40,500 · program services $40,500

  • 11b · Fees: legal

    total $9,594 · management and general $9,594

  • 11c · Fees: accounting

    total $11,400 · management and general $11,400

  • 11g · Fees: other

    total $11,485 · management and general $11,485

  • 12 · Advertising and promotion

    total $6,300 · management and general $6,300

  • 14 · Information technology

    total $18 · management and general $18

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $5,153 · management and general $5,153

  • 24b · Other expenses: CREDIT CARD PROCESSING

    total $2,162 · management and general $2,162

  • 24c · Other expenses: SPONSORSHIPS

    total $1,230 · management and general $1,230

  • 24d · Other expenses: MISCELLANEOUS

    total $500 · management and general $500

  • 24e · All other expenses

    total $2 · management and general $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $119,674

  • 3 · Pledges and grants receivable

    end of year $22,500

  • 17 · Accounts payable and accrued expenses

    end of year $7,500

  • 27 · Net assets without donor restrictions

    end of year $134,674

Mission and programs · 2025

Mission

TO BE A CATALYST OF GROWTH FOR COMMUNITY NONPROFITS, PROVIDING THE FINANCIAL SUPPORT AND GUIDANCE THEY NEED TO FLOURISH AND SPARK POSITIVE CHANGE IN TRULIANT MEMBER COMMUNITIES.

Activities or mission (Part I)

ESTABLISHED IN 2023, THE TRULIANT FOUNDATION IS A 501(C)(3) PUBLIC CHARITY WITH A PURPOSE TO LIFT UP AND TRANSFORM TRULIANT MEMBER COMMUNITIES THROUGH CHARITABLE GIVING, COLLABORATION, AND MEANINGFUL PARTNERSHIPS. THE FOUNDATION STRIVES TO BE A CATALYST OF GROWTH FOR ESTABLISHED NONPROFITS SEEKING THE SUPPORT AND GUIDANCE THEY NEED TO FLOURISH AND SPARK POSITIVE CHANGE IN THEIR COMMUNITIES. THE FOUNDATION ALSO PROVIDES COLLEGE SCHOLARSHIPS TO TRULIANT MEMBERS AND RELIEF FUNDS TO TRULIANT EMPLOYEES FACING UNFORESEEN PERSONAL HARDSHIPS.

  • TRULIANT FEDERAL CREDIT UNION FOUNDATION AIMS AND HAS DISBURSED TO 125 NONPROFIT ORGANIZATIONS AND PUBLIC SCHOOLS IN NC, SC, AND VA TO SUPPORT WORKFORCE EDUCATION, SOCIAL MOBILITY, AND FINANCIAL LITERACY EFFORTS WITHIN TRULIANT MEMBER COMMUNITIES.

    Expenses $535,883 · Grants $535,883

As filed on the 2025 return.

Listed in Part VII

  • Sherri Thomas

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Precious McCloud

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Tricia Beeker

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Angela Cooke

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Atticus Simpson

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Martha Logemann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • TRULIANT FEDERAL CREDIT UNION

    501(C)(1) · FEDERAL CREDIT UNION · NC

Provenance

Return type
form_990
Tax year
2025
Filed
13 July 2026
IRS schema version
2025v4.2
Source object
202601969349301800

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