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Nonprofiteer
← ASSOCIATED CREDIT UNION FOUNDATION

Form 990 for tax year 2022

Filed by ASSOCIATED CREDIT UNION FOUNDATION.

Totals

Total revenue
$180,257
Total expenses
$148,761
Contributions and grants received
$189,733
Grants paid
$143,464
Program service revenue
$0
Investment income
$0
Other revenue
-$9,476
Total assets, end of year
$111,938
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$111,938
Program services expenses (Part IX)
$143,484
Management and general expenses
$1,943
Fundraising expenses
$3,334
Program service expenses (Part III)
$143,484

Program services were 96.5% 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

    $56,890

  • 1d · Related organizations

    $60,000

  • 1f · All other contributions, gifts and grants

    $72,843

  • 8a · Fundraising events: gross income

    $14,222

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

    $56,890

  • 8b · Fundraising events: direct expenses

    $26,300

  • 8c · Net income from fundraising events

    total -$12,078 · excluded -$12,078

  • 9a · Gaming: gross income

    $1,155

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $1,155 · excluded $1,155

  • 10a · Gross sales of inventory

    $1,447

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $1,447 · excluded $1,447

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $135,964 · program services $135,964

  • 2 · Grants to domestic individuals

    total $7,500 · program services $7,500

  • 11c · Fees: accounting

    total $1,850 · management and general $1,850

  • 13 · Office expenses

    total $3,447 · program services $20 · management and general $93 · fundraising $3,334

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,442 · end of year $111,938

  • 27 · Net assets without donor restrictions

    beginning of year $80,442 · end of year $111,938

Mission and programs · 2022

Mission

PROMOTE LOCAL AND COMMUNITY DEVELOPMENT.

  • TO PROVIDE FUNDING TO LOCAL NONPROFITS FOR OPERATIONAL PURPOSES.

    Expenses $143,484 · Grants $143,464

As filed on the 2022 return.

Listed in Part VII

  • C Lin Hodges CPA

    PRESIDENT

    Total calculated
    $953,273
    From this org
    $0
    From related orgs
    $909,853
    Other
    $43,420
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $637,000 related
    Bonus
    $0 + $201,000 related
    Other
    $0 + $71,853 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $19,020 related
    Filer's total
    $0 + $953,273 related

  • Timothy G Bridges CPA

    CFO

    Total calculated
    $523,120
    From this org
    $0
    From related orgs
    $480,824
    Other
    $42,296
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,846 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $71,978 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $17,896 related
    Filer's total
    $0 + $523,120 related

  • Nancy J Garner CPA

    SECRETARY

    Total calculated
    $12,942
    From this org
    $0
    From related orgs
    $12,942
    Other
    $0
    Hours/week
    0.1 + 1 related

  • George M Clarke

    DIRECTOR

    Total calculated
    $12,807
    From this org
    $0
    From related orgs
    $12,807
    Other
    $0
    Hours/week
    0.1 + 1 related

  • Charles A Gehrmann

    DIRECTOR

    Total calculated
    $12,707
    From this org
    $0
    From related orgs
    $12,707
    Other
    $0
    Hours/week
    0.1 + 1 related

  • Margaret L Pittman

    DIRECTOR

    Total calculated
    $12,470
    From this org
    $0
    From related orgs
    $12,470
    Other
    $0
    Hours/week
    0.1 + 1 related

  • D Keith Gettmann

    DIRECTOR

    Total calculated
    $12,425
    From this org
    $0
    From related orgs
    $12,425
    Other
    $0
    Hours/week
    0.1 + 1 related

  • Doyle C Spears Jr

    DIRECTOR

    Total calculated
    $12,414
    From this org
    $0
    From related orgs
    $12,414
    Other
    $0
    Hours/week
    0.1 + 1 related

  • Jennifer H Chapin

    DIRECTOR

    Total calculated
    $12,380
    From this org
    $0
    From related orgs
    $12,380
    Other
    $0
    Hours/week
    0.1 + 1 related

  • Timothy F Kercheval CPA Cgma

    CHAIRMAN

    Total calculated
    $12,375
    From this org
    $0
    From related orgs
    $12,375
    Other
    $0
    Hours/week
    0.1 + 1 related

  • Exceptral L Harden

    VICE CHAIRMAN

    Total calculated
    $12,375
    From this org
    $0
    From related orgs
    $12,375
    Other
    $0
    Hours/week
    0.1 + 1 related

  • Allen B Bryan CPA

    DIRECTOR

    Total calculated
    $12,316
    From this org
    $0
    From related orgs
    $12,316
    Other
    $0
    Hours/week
    0.1 + 1 related

  • John A Petros MD

    DIRECTOR

    Total calculated
    $11,375
    From this org
    $0
    From related orgs
    $11,375
    Other
    $0
    Hours/week
    0.1 + 1 related

  • Michael Collins

    DIRECTOR

    Total calculated
    $8,523
    From this org
    $0
    From related orgs
    $8,523
    Other
    $0
    Hours/week
    0.1 + 1 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

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

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

  • UKRAINIAN CREDIT UNION DISPLACEMENT FUND

    $30,046

    FUNDING FOR PROGRAM MISSION

  • LEUKEMIA & LYMPHOMA SOCIETY

    $28,645

    FUNDING FOR PROGRAM MISSION

  • CHILDREN'S HEALTHCARE OF ATLANTA

    $20,000

    FUNDING FOR PROGRAM MISSION

  • JUNIOR ACHIEVEMENT OF GEORGIA

    $15,000

    FUNDING FOR PROGRAM MISSION

  • CHILD ENRICHMENT INC

    $15,000

    FUNDING FOR PROGRAM MISSION

  • WILDERNESS WORKS

    $10,000

    FUNDING FOR PROGRAM MISSION

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349308224

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