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Nonprofiteer
← GEORGIA UNITED CREDIT UNION FOUNDATION INC

Form 990 for tax year 2022

Filed by GEORGIA UNITED CREDIT UNION FOUNDATION INC.

Totals

Total revenue
$732,972
Total expenses
$626,531
Contributions and grants received
$732,968
Grants paid
$603,803
Program service revenue
$0
Investment income
$4
Other revenue
$0
Total assets, end of year
$237,864
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$237,864
Program services expenses (Part IX)
$603,803
Management and general expenses
$22,728
Fundraising expenses
$0
Program service expenses (Part III)
$603,803

Program services were 96.4% 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.

  • 1d · Related organizations

    $565,000

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $167,968

  • 1g · Noncash contributions included above

    $51,777

  • 3 · Investment income

    total $4 · related or exempt $4

  • 11d · All other revenue

    total $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $543,480 · program services $543,480

  • 2 · Grants to domestic individuals

    total $60,323 · program services $60,323

  • 11b · Fees: legal

    total $2,110 · management and general $2,110

  • 11c · Fees: accounting

    total $14,082 · management and general $14,082

  • 12 · Advertising and promotion

    total $1,125 · management and general $1,125

  • 13 · Office expenses

    total $5,411 · management and general $5,411

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,423 · end of year $229,790

  • 2 · Savings and temporary cash investments

    end of year $8,074

  • 31 · Retained earnings, endowment or other funds

    beginning of year $131,423 · end of year $237,863

Mission and programs · 2022

Mission

THE GEORGIA UNITED CREDIT UNION FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR CHILDREN AND FAMILIES IN THE COMMUNITITES SERVED BY GEORGIA UNITED CREDIT UNION. THIS MISSION IS PERFORMED BY SUPPORTING SCHOOOLS AND PROGRAMS THAT ADVANCE FINANCIAL LITERACY.

Activities or mission (Part I)

FOCUSED ON THE LIVES OF FAMILIES IN THE COMMUNITIES SERVED BY GEORGIA UNITED CREDT UNION.

  • SCHOOL CRASHERS IS A PROGRAM THAT PARTNERS WITH GEORGIA UNITED CREDIT UNION TO OFFER GEORGIA SCHOOLS A MAKOVER WHICH GENERALLY INCLUDES BEAUTIFICATION OF OUTSIDE AND INSIDE. IT MAY INCLUDE PLAYGROUND EQUIPMENT, LANDSCAPE MATERIAL, BENCHES, INTERIOR FURNITURE, PAINT AND CARPETING. RECENTLY WE ADDED BUILDING SENSORY ROOMS FOR STUDENTS WITH SOCIAL EMOTIONAL AND BEHAVIORAL NEEDS. THE ROOMS HELP IMPROVE THEIR VISUAL, AUDITORY AND TACTILE PROCESSING, IMPROVE GROSS MOTOR SKILLS AND HELP THEM SELF-REGULATED THEIR BEHAVIORS, WHICH ULTIMATELY IMPROVES FOCUS. SCHOOLS ARE NOMINATED FOR CONTENTION AND A GROUP OF GEORGIA UNITED CREDIT UNION EMPLOYEES AND MEMBERS OF THE FOUNDATION TEAM WILL MAKE THE FINAL SELECTIONS BASED ON THE NEED AND THE COMPLETENESS OF THE APPLICATION. THERE IS GENERALLY ONE GRAND PRIZE WINNER AND TWO RUNNER UP PRIZES. IN ADDITION A FEW INDIVIDUAL WINNERS MAY RECIEVE NEW CARPET OR FURNITURE ON A SMALLER SCALE. IN 2022, A TOTAL OF 5 SCHOOLS RECEIVED MAKEOVERS.

    Expenses $175,191 · Grants $175,191

  • JUNIOR ACHEIVEMENT IS A PARTNERSHIP THAT WAS STARTED BY GEORGIA UNITED CREDIT UNION AND HAS EXPANDED OVER THE LAST SEVERAL YEARS. THE FOUNDATION PROVIDES MAJOR GRANTS TO THE ATLANTA, GWINNET, CUMMING, DALTON, AND SAVANNAH CHAPTERS OF JUNIOR ACHEIVMENT. THE GRANTS HELP FUND THEIR PROGRAMS TO EDUCATE MIDDLE SCHOOL STUDENTS ABOUT WORKFORCE READINESS, ENTREPRENEURSHIP AND FINANCIAL LITERACY THROUGH AN EXPERIMENTAL LEARNING ENVIRONMENT. IT ALSO INCLUDES OVER 100 VOLUNTEERS FROM GEORGIA UNITED CREDIT UNION TO ASSIST IN GUIDING STUDENTS THROUGH FINANCIAL SIMULATIONS AT JA DISCOVERY CENTERS.

    Expenses $261,351 · Grants $261,351

  • THE FOUNDATION PROVIDED VARIOUS SCHOLARSHIPS TO DESERVING HIGH SCHOOL SENIORS. SOME ARE MANAGED DIRECTLY BY THE FOUNDATION AND OTHERS ARE ADMINISTRED THROUGH LOCAL SCHOOL DISTRICTS

    Expenses $60,323 · Grants $60,323

As filed on the 2022 return.

Listed in Part VII

  • DEBBIE SMITH

    PRESIDENT/DIRECTOR

    Total calculated
    $1,313,777
    From this org
    $0
    From related orgs
    $1,276,733
    Other
    $37,044
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $461,920
    Bonus
    $248,875
    Other
    $565,938
    Deferred
    $30,500
    Nontaxable benefits
    $6,544
    Filer's total
    $1,313,777

  • LAURA KING

    SECRETARY/DIRECTOR

    Total calculated
    $580,980
    From this org
    $0
    From related orgs
    $533,311
    Other
    $47,669
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $335,695
    Bonus
    $89,067
    Other
    $108,549
    Deferred
    $30,500
    Nontaxable benefits
    $17,169
    Filer's total
    $580,980

  • ROBERT BOGART

    ASSISTANT TREASURER

    Total calculated
    $582,313
    From this org
    $0
    From related orgs
    $424,277
    Other
    $158,036
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $286,587
    Bonus
    $108,518
    Other
    $29,172
    Deferred
    $150,070
    Nontaxable benefits
    $7,966
    Filer's total
    $582,313

  • DR JASON BRANCH

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROLINA KING

    ASSISTAQNT SECRETARY/DIRECTOR

    Total calculated
    $406,455
    From this org
    $0
    From related orgs
    $287,282
    Other
    $119,173
    Hours/week
    6 + 40 related

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $205,311
    Bonus
    $52,650
    Other
    $29,321
    Deferred
    $106,683
    Nontaxable benefits
    $12,490
    Filer's total
    $406,455

  • FATHER MARK STAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACEY ARNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDWIN BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shawn Turpin

    Former Director

    Total calculated
    $479,177
    From this org
    $0
    From related orgs
    $477,255
    Other
    $1,922
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $58,859
    Bonus
    $105,000
    Other
    $313,396
    Deferred
    $1,154
    Nontaxable benefits
    $768
    Filer's total
    $479,177

  • Aaron Chestnut

    Former Director

    Total calculated
    $735,799
    From this org
    $0
    From related orgs
    $698,116
    Other
    $37,683
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $197,429
    Bonus
    $90,880
    Other
    $409,807
    Deferred
    $25,395
    Nontaxable benefits
    $12,288
    Filer's total
    $735,799

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Lines 4a &B
Aaron Chestnut - Severance Pay $87,500 Shawn Turpin - Severance Pay $100,000

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Georgia United Credit Union

    United States · State Chartered Credit Union · GA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by United States

Provenance

Return type
form_990
Tax year
2022
Filed
4 April 2023
IRS schema version
2022v5.0
Source object
202313179349311451

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