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Nonprofiteer
← FIRSTMARK CREDIT UNION FOUNDATION

Form 990 for tax year 2023

Filed by FIRSTMARK CREDIT UNION FOUNDATION.

Totals

Total revenue
$221,368
Total expenses
$190,980
Contributions and grants received
$221,001
Grants paid
$140,000
Program service revenue
$0
Investment income
$367
Other revenue
$0
Total assets, end of year
$225,721
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$225,721
Program services expenses (Part IX)
$190,980
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$190,980

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.

  • 1d · Related organizations

    $170,020

  • 1f · All other contributions, gifts and grants

    $50,981

  • 3 · Investment income

    total $367 · related or exempt $367

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140,000 · program services $140,000

  • 11g · Fees: other

    total $9,660 · program services $9,660

  • 19 · Conferences, conventions and meetings

    total $38,617 · program services $38,617

  • 23 · Insurance

    total $324 · program services $324

  • 24a · Other expenses: MARKETING COLLATERAL

    total $908 · program services $908

  • 24b · Other expenses: ASSOCIATION DUES

    total $848 · program services $848

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $623 · program services $623

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $195,333 · end of year $225,721

  • 27 · Net assets without donor restrictions

    beginning of year $195,333 · end of year $225,721

Mission and programs · 2023

Mission

THE FOUNDATION'S MISSION IS TO FURTHER EDUCATION, TEACHER TRAINING AND DEVELOPMENT, HEALTH AND WELLNESS, FAMILY HEALTH AND STABILITY, YOUTH DEVELOPMENT, AND COMMUNITY SUSTAINABILITY.

  • TO OPERATE PROGRAMS RELATED TO IMPROVING ACADEMIC OUTCOMES, PARTICULARLY ACADEMIC OUTCOMES OF CHILDREN IN LOW-INCOME FAMILIES RESIDING IN THE COMMUNITIES SERVED BY FIRSTMARK CREDIT UNION. GIVEN THAT POOR ACADEMIC PERFORMANCE IS CLOSELY CORRELATED WITH POOR HEALTH AND NUTRITION, HOUSING INSECURITY, AND UNSAFE NEIGHBORHOODS, THE FOUNDATION MAY ENGAGE IN THE DIRECT OPERATION OF PROGRAMS DESIGNED TO COMBAT THESE RISK FACTORS, SUCH AS HEALTH AND WELLNESS PROGRAMS, AND COMMUNITY IMPROVEMENT PROGRAMS.

    Expenses $190,980 · Grants $140,000

As filed on the 2023 return.

Listed in Part VII

  • Michelle Akers

    DIR./SECRETA

    Total calculated
    $0
    Hours/week
    5

  • Mike Grundon

    DIR./VICE CH

    Total calculated
    $0
    Hours/week
    5

  • Marisa Perez-Diaz

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    5

  • Nathanael Tarwasokono

    DIR. CHAIRMA

    Total calculated
    $0
    Hours/week
    5

  • Veronica Teran

    DIR./TREASUR

    Total calculated
    $0
    Hours/week
    5

  • Gregg Thorne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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

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
2023
Filed
6 November 2024
IRS schema version
2023v5.0
Source object
202423119349302052

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

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