Form 990 for tax year 2023
Filed by REDWOOD CREDIT UNION COMMUNITY FUND INC.
Totals
- Total revenue
- $360,691
- Total expenses
- $813,661
- Contributions and grants received
- $146,463
- Grants paid
- $753,446
- Program service revenue
- $0
- Investment income
- $214,228
- Other revenue
- $0
- Total assets, end of year
- $8,822,662
- Total liabilities, end of year
- $99,207
- Net assets or fund balances, end of year
- $8,723,455
- Program services expenses (Part IX)
- $753,446
- Management and general expenses
- $60,215
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $753,446
Program services were 92.6% 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
$146,463
-
3 · Investment income
total $178,611 · excluded $178,611
-
7a · Gross sales of assets other than inventory
securities $1,282,233
-
7b · Less cost or other basis and sales expenses
securities $1,246,616
-
7c · Gain or loss
securities $35,617
-
7d · Net gain or loss
total $35,617 · excluded $35,617
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $692,807 · program services $692,807
-
2 · Grants to domestic individuals
total $10,639 · program services $10,639
-
3 · Grants to foreign organizations and individuals
total $50,000 · program services $50,000
-
11b · Fees: legal
total $1,754 · management and general $1,754
-
11c · Fees: accounting
total $6,900 · management and general $6,900
-
11f · Fees: investment management
total $15,101 · management and general $15,101
-
11g · Fees: other
total $24,713 · management and general $24,713
-
12 · Advertising and promotion
total $738 · management and general $738
-
13 · Office expenses
total $650 · management and general $650
-
14 · Information technology
total $626 · management and general $626
-
22 · Depreciation, depletion and amortization
total $5,311 · management and general $5,311
-
23 · Insurance
total $2,378 · management and general $2,378
-
24e · All other expenses
total $2,044 · management and general $2,044
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $191,218 · end of year $263,844
-
2 · Savings and temporary cash investments
beginning of year $3,687,249 · end of year $2,955,322
-
10a · Land, buildings and equipment: cost or other basis
$23,900
-
10b · Land, buildings and equipment: accumulated depreciation
$23,900
-
10c · Land, buildings and equipment, net
beginning of year $5,311 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $5,022,485 · end of year $5,603,496
-
18 · Grants payable
beginning of year $159,793 · end of year $99,207
-
27 · Net assets without donor restrictions
beginning of year $8,746,470 · end of year $8,721,983
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $1,472
Mission and programs · 2023
Mission
REDWOOD CREDIT UNION COMMUNITY FUND, INC. WILL HELP TO MAKE A MEANINGFUL IMPACT IN ADVANCING THE WELL-BEING OF OUR COMMUNITIES. OUR APPROACH IS TO BE RESPECTFUL AND INTENTIONAL IN OUR GIVING. WE EXIST TO MEET THE NEEDS OF OTHERS.
Activities or mission (Part I)
HELPING TO MAKE A MEANINGFUL IMPACT IN ADVANCING THE WELL-BEING OF OUR COMMUNITIES.
-
COMMUNITY WELLNESS - COMMUNITY WELLNESS INCLUDING HOUSING.
Expenses $542,239 · Grants $542,239
-
FINANCIAL WELLNESS - FINANCIAL LITERACY INITIATIVES TO EDUCATE PEOPLE OF ALL AGES IN ESSENTIAL MONEY MANAGEMENT SKILLS.
Expenses $109,500 · Grants $109,500
-
EMPLOYEE GIVING CAMPAIGN - EMPLOYEES OF REDWOOD CREDIT UNION MAY DONATE TO THE ORGANIZATION THROUGH PAYROLL DEDUCTION AND DESIGNATE THE GRANTEE RECIPIENTS THAT ARE 501(C)(3) PUBLIC CHARITIES.
Expenses $99,207 · Grants $99,207
-
DISASTER AND FIRE RELIEF - TO HELP RETURN THE HEALTH AND VIBRANCY TO COMMUNITIES AFFECTED BY NATURAL DISASTERS. THIS PROGRAM PROVIDES SUPPORT TO PARTNER ORGANIZATIONS IN AFFECTED AREAS AS WELL AS DIRECT SUPPORT TO INDIVIDUALS AND FAMILIES.
Expenses $2,500 · Grants $2,500
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cynthia NegriCYNTHIA NEGRI
PRESIDENT (TRHU 03/23)
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Mishel KaufmanMISHEL KAUFMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
Jose AlvarezJOSE ALVAREZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25 + 1.5 related
-
Dan MoylanDAN MOYLAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Tracy CondronTRACY CONDRON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25 + 1.5 related
-
Matt MetzgerMATT METZGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 1.5 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.
Grants on this return
-
BOYS & GIRLS CLUBS OF SONOMA-MARIN
$250,000
SUPPORTING THE ROSELAND CLUBHOUSE CAPITAL PROJECT
-
$250,000
CAPITAL CAMPAIGN PROJECT
-
$52,000
SUPPORT OF THE ACADEMY TRAINING PROGRAM ON THE IMPACT AND EFFICACY OF THE CREDIT UNION MODEL
-
$10,600
SUPPORT YEAR ROUND MUSIC PROGRAM INCLUDING THE SOCIAL, EMOTIONAL AND ACADEMIC NEEDS OF THE STUDENTS
-
$10,000
CAPITAL CAMPAIGN AND GENERAL SUPPORT
-
$10,000
SUPPORT COLLEGE AND CAREER READINESS THROUGH THE SONOMA CORPS PROGRAM
-
EMPLOYEE GIVING CAMPAIGN
-
MEMBERS HELPING MEMBERS CAMPAIGN
-
$6,329
EMPLOYEE GIVING CAMPAIGN
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.
-
501(C)(14) · FINANCIAL SERVICES · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441319349300449
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