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Nonprofiteer
← OCCU FOUNDATION INC

Form 990 for tax year 2024

Filed by OCCU FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 . matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$622,059
Total expenses
$408,906
Contributions and grants received
$619,612
Grants paid
$406,316
Program service revenue
$0
Investment income
$20,138
Other revenue
-$17,691
Total assets, end of year
$1,604,779
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,604,779
Program services expenses (Part IX)
$408,906
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$408,906

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.

  • 1c · Fundraising events

    $190,612

  • 1d · Related organizations

    $263,348

  • 1f · All other contributions, gifts and grants

    $165,652

  • 3 · Investment income

    total $20,138 · excluded $20,138

  • 8a · Fundraising events: gross income

    $14,260

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

    $190,612

  • 8b · Fundraising events: direct expenses

    $31,951

  • 8c · Net income from fundraising events

    total -$17,691 · excluded -$17,691

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $406,316 · program services $406,316

  • 13 · Office expenses

    total $2,490 · program services $2,490

  • 24a · Other expenses: STATE REGISTRATION FEES

    total $100 · program services $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $441,178 · end of year $634,193

  • 2 · Savings and temporary cash investments

    beginning of year $950,448 · end of year $970,586

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,391,626 · end of year $1,604,779

Mission and programs · 2024

Mission

THE CORPORATION IS ORGANIZED TO PROVIDE A FOUNDATION FOR PHILANTHROPIC EDUCATION AND CHARITABLE ACTIVITIES FOR IMPROVING THE LIFE OF THE MEMBERS AND EMPLOYEES OF OREGON COMMUNITY CREDIT UNION, ITS SUBSIDIARIES AND CITIZENS OF THE COMMUNITIES THEY SERVE. THE COMPLETE MISSION STATEMENT IS AVAILABLE IN MATERIALS DISTRIBUTED BY CORPORATION.

Activities or mission (Part I)

PROMOTE, MANAGE AND EXECUTE OREGON COMMUNITY CREDIT UNION'S (OCCU) CHARITABLE ACTIVITIES.

  • THE OCCU FOUNDATION DISBURSES FUNDS AND FULFILLS PHILANTHROPIC CHARITABLE GIVING GOALS AND GRANT REQUESTS FROM NON-PROFIT ORGANIZATIONS IN THE COMMUNITIES THAT IT SERVES. THE OCCU FOUNDATION FOCUSES ITS CHARITABLE GIVING ON IMPROVING THE LIVES OF ITS MEMBERS AND THE COMMUNITIES IT SERVES BY SUPPORTING ORGANIZATIONS THAT FOCUS ON FAMILIES, YOUTH, COMMUNITY SUSTAINABILITY AND EDUCATION.

    Expenses $408,906 · Grants $406,316

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RON NEUMANN

    BOARD CHAIRMAN

    Total calculated
    $1,269,383
    From this org
    $0
    From related orgs
    $1,171,271
    Other
    $98,112
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $838,125 related
    Bonus
    $0 + $278,250 related
    Other
    $0 + $54,896 related
    Deferred
    $0 + $89,700 related
    Nontaxable benefits
    $0 + $8,412 related
    Filer's total
    $0 + $1,269,383 related

  • GREGORY SCHUMACHER

    BOARD PRESIDENT

    Total calculated
    $724,556
    From this org
    $0
    From related orgs
    $593,121
    Other
    $131,435
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,904 related
    Bonus
    $0 + $48,364 related
    Other
    $0 + $103,853 related
    Deferred
    $0 + $116,440 related
    Nontaxable benefits
    $0 + $14,995 related
    Filer's total
    $0 + $724,556 related

  • HEATHER BILLINGS

    BOARD SECRETARY

    Total calculated
    $504,441
    From this org
    $0
    From related orgs
    $409,513
    Other
    $94,928
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,333 related
    Bonus
    $0 + $33,227 related
    Other
    $0 + $79,953 related
    Deferred
    $0 + $83,380 related
    Nontaxable benefits
    $0 + $11,548 related
    Filer's total
    $0 + $504,441 related

  • BRIAN ALFANO

    DIRECTOR

    Total calculated
    $558,230
    From this org
    $0
    From related orgs
    $453,754
    Other
    $104,476
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,962 related
    Bonus
    $0 + $35,875 related
    Other
    $0 + $85,917 related
    Deferred
    $0 + $88,217 related
    Nontaxable benefits
    $0 + $16,259 related
    Filer's total
    $0 + $558,230 related

  • TRACEY KEFFER

    DIRECTOR

    Total calculated
    $573,572
    From this org
    $0
    From related orgs
    $479,705
    Other
    $93,867
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,137 related
    Bonus
    $0 + $38,988 related
    Other
    $0 + $76,580 related
    Deferred
    $0 + $84,579 related
    Nontaxable benefits
    $0 + $9,288 related
    Filer's total
    $0 + $573,572 related

  • JOHN SCHIFFER

    BOARD TREASURER

    Total calculated
    $382,973
    From this org
    $0
    From related orgs
    $306,530
    Other
    $76,443
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,664 related
    Bonus
    $0 + $20,132 related
    Other
    $0 + $36,734 related
    Deferred
    $0 + $67,202 related
    Nontaxable benefits
    $0 + $9,241 related
    Filer's total
    $0 + $382,973 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 3
OREGON COMMUNITY CREDIT UNION REVIEWS TOTAL COMPENSATION, INCLUDING BASE PAY, INCENTIVES AND OTHER BENEFITS, IS COMPARED AGAINST BALANCE COMP, CUES EXECUTIVE COMPENSATION PROGRAM, MILLIMAN NW FINANCIAL INDUSTRY SURVEY RESULTS AND OTHER EXECUTIVE PUBLICATIONS/REPORTS. CEO COMPENSATION IS REVIEWED BY THE BOARD PERSONNEL COMMITTEE AND APPROVED BY THE FULL BOARD. COMPENSATION AMOUNTS ARE TRACKED FOR FUTURE REFERENCE. THE LAST FORMAL COMPENSATION COMPARISON REVIEW BY THE ORGANIZATION WAS PERFORMED IN 2022.
PART I, LINE 4B
GREGORY SCHUMACHER, BOARD PRESIDENT, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $72,740 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $70,353 DISTRIBUTIONS WERE MADE FROM THE PLAN. TRACEY KEFFER, DIRECTOR, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $48,850 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $52,480 WERE MADE FROM THE PLAN. BRIAN ALFANO, DIRECTOR, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $44,517 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $54,097 WERE MADE FROM THE PLAN. HEATHER BILLINGS, BOARD SECRETARY, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $39,680 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $46,734 WERE MADE FROM THE PLAN. JOHN SCHIFFER, BOARD TREASURER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $30,859 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $26,448 WERE MADE FROM THE 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503179349312150

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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