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← OHIO CREDIT UNION FOUNDATION

Form 990 for tax year 2023

Filed by OHIO CREDIT UNION FOUNDATION.

Totals

Total revenue
$398,325
Total expenses
$361,938
Contributions and grants received
$264,134
Grants paid
$276,889
Program service revenue
$0
Investment income
$56,578
Other revenue
$77,613
Total assets, end of year
$1,957,683
Total liabilities, end of year
$397,852
Net assets or fund balances, end of year
$1,559,831
Program services expenses (Part IX)
$361,938
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$361,938

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $264,134

  • 3 · Investment income

    total $56,578 · excluded $56,578

  • 8a · Fundraising events: gross income

    $137,122

  • 8b · Fundraising events: direct expenses

    $59,509

  • 8c · Net income from fundraising events

    total $77,613 · excluded $77,613

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $265,509 · program services $265,509

  • 2 · Grants to domestic individuals

    total $11,380 · program services $11,380

  • 11a · Fees: management

    total $85,049 · program services $85,049

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $427,907 · end of year $285,106

  • 2 · Savings and temporary cash investments

    beginning of year $1,292,000 · end of year $1,592,000

  • 4 · Accounts receivable

    beginning of year $65,381 · end of year $73,763

  • 9 · Prepaid expenses and deferred charges

    end of year $32

  • 13 · Investments: program-related

    beginning of year $6,782 · end of year $6,782

  • 17 · Accounts payable and accrued expenses

    end of year $3,395

  • 18 · Grants payable

    beginning of year $239,125 · end of year $359,957

  • 19 · Deferred revenue

    beginning of year $29,500 · end of year $34,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,523,445 · end of year $1,559,831

Mission and programs · 2023

Mission

THE OHIO CREDIT UNION FOUNDATION SUPPORTS EDUCATIONAL AND OUTREACHINITIATIVES THAT PROMOTE FINANCIAL INDEPENDENCE THROUGH CREDIT UNIONS.

Activities or mission (Part I)

THE OHIO CREDIT UNION FOUNDATIONIS ACTIVE IN AND DEDICATED TO 1) PROMOTING FINANCIAL EDUCATION TO BENEFIT CREDIT UNION MEMBERS, OHIO STUDENTS, AND THE PUBLIC AT LARGE,2) HELPING CREDIT UNIONS IMPLEMENT PROGRAMS WITHIN THEIR COMMUNITIESTHAT FULFILL THEIR SOCIAL RESPONSIBILITY TO MAKE FINANCIAL SERVICESAFFORDABLE AND ACCESSIBLE TO ALL MEMBERS, INCLUDING THOSE OF MODESTMEANS OR TO AREAS IN FINANCIAL DISTRESS, 3) PROVIDING PROFESSIONALDEVELOPMENT GRANTS TO ASSIST CREDIT UNION EMPLOYEES AND VOLUNTEERLEADERS WITH TRAINING TO ACHIEVE PROFESSIONAL EXCELLENCE, 4) OFFERINGFINANCIAL RELIEF TO CREDIT UNIONS, THEIR EMPLOYEES, MEMBERS, AND THEIRCOMMUNITIES IN THE WAKE OF DISASTERS SUCH AS FLOODS, EARTHQUAKES,TORNADOS, OR FIRES, AND 5) EMPOWERING PEOPLE TO IMPROVE THEIR FINANCIALWELL-BEING BASED ON THE VALUES OF SELF-HELP, SELF-RESPONSIBILITY,DEMOCRACY, EQUALITY, AND EQUITY.

  • SCHOLARSHIPS FOR PROFESSIONAL DEVELOPMENT AND SECONDARY EDUCATION,GRANTS FOR OUTREACH AND FINANCIAL EDUCATION PROGRAMMING, AND DONATIONSFOR DISASTER RELIEF.

    Expenses $361,938 · Grants $276,889 · Revenue $269,134

As filed on the 2023 return.

Listed in Part VII

  • Jeannie Fye

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Josh Reams

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Tammy Cantrell

    SEC/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Jackie Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Miranda McConoughey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Dean Pielemeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Lionel Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Paul Mercer

    PRESIDENT

    Total calculated
    $629,365
    From this org
    $0
    From related orgs
    $549,794
    Other
    $79,571
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $398,915 related
    Bonus
    $0 + $129,359 related
    Other
    $0 + $21,520 related
    Deferred
    $0 + $28,727 related
    Nontaxable benefits
    $0 + $50,844 related
    Filer's total
    $0 + $629,365 related

  • Kimberly Conner

    DIR. MEMBER EXPERIENCE

    Total calculated
    $177,935
    From this org
    $0
    From related orgs
    $111,763
    Other
    $66,172
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $95,462 related
    Bonus
    $0 + $16,112 related
    Other
    $0 + $189 related
    Deferred
    $0 + $11,541 related
    Nontaxable benefits
    $0 + $54,631 related
    Filer's total
    $0 + $177,935 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, LINE 4B
THE ORGANIZATION'S RELATED ORGANIZATION (OHIO CREDIT UNION LEAGUE) HAS A CEO SUPPLEMENTAL RETIREMENT PLAN IN THE FORM OF A SECTION 162 BONUS PLAN.

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

  • NORTHWEST OHIO CREDIT UNION OUTREACH ALLIANCE

    $50,000

    BUSINESS PROMOTION (SCHOLARSHIPS, CHAMBER OF COMMERCE, BUSINESS LEAGUE, ETC.)

  • TOLEDO URBAN FEDERAL CREDIT UNION

    $50,000

    TO ACHIEVE ECONOMIC EMPOWERMENT THROUGH EDUCATION FOR ITS MEMBERS, TO BE ACTIVE PARTNERS IN THE COMMUNITY.

  • ATOMIC CREDIT UNION

    $34,900

    TO EXPAND STUDENT RUN CREDIT UNIONS

  • EMERALD CREDIT UNION

    $25,825

    COLLABORATIVE BSA SCHOOL BUNDLE, KNOCK OUT YOUR DELINQUENCIES, AND CERTIFICATION TO APPLY FOR COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION

  • TRUECORE FEDERAL CREDIT UNION

    $15,570

    TRANSPORTATION, MENTORING, INDEPENDENT LIVING CLASSES, TRANSITIONAL HOUSING FOR FOSTERCARE

  • NATIONAL CREDIT UNION FOUNDATION

    $10,000

    A CATALYST TO IMPROVE PEOPLE'S FINANCIAL LIVES THROUGH CREDIT UNIONS.

  • LAKE COUNTY EDUCATIONAL FCU

    $7,698

    PROVIDING CONTINUED INVESTMENT IN NORTHEAST OHIO'S SCHOOLS AND THE EDUCATORS WHO WORK WITHIN THEM.

  • CSE FEDERAL CREDIT UNION

    $7,294

    TO HELP BUILD FINANCIAL SUCCESS.

  • GREATER WAYNE COMMUNITY FCU

    $6,127

    TO PROVIDE A NON-PROFIT FINANCIAL COOPERATIVE TO MEET THE NEEDS OF OUR MEMBERS IN THE MOST EFFICIENT, PROFESSIONAL, AND COURTEOUS MANNER.

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.

  • OHIO CREDIT UNION LEAGUE

    501 (C)(6) · TRADE ASSOCIATION · OH

  • OHIO CREDIT UNION DEFENSE COALITION

    501 (C)(6) · TRADE ASSOCIATION · OH

    Directly controlled by OHIO CREDIT UNION LEAGUE

  • OHIO CREDIT UNION LEGISLATIVE ACTION COMMITTEE

    527 · POLITICAL ACTION COMMITTEE · OH

    Directly controlled by OHIO CREDIT UNION LEAGUE

  • OHIO CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTION COMMITTEE · OH

    Directly controlled by OHIO CREDIT UNION LEAGUE

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NAVATROS INC (FKA OCUL SERVICES CORPORATION)

    C · SERVICE PROVIDER · OH · 100% owned · share of income $2,206,521 · share of assets $4,881,226

    Directly controlled by OHIO CREDIT UNION LEAGUE

  • OCUL INSURANCE AGENCY

    C · INSURANCE AGENCY · OH · 100% owned · share of income $530,285 · share of assets $159,317

    Directly controlled by OCUL SERVICE CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.1
Source object
202402839349300720

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