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← MICHIGAN CREDIT UNION FOUNDATION

Form 990 for tax year 2022

Filed by MICHIGAN CREDIT UNION FOUNDATION.

Totals

Total revenue
$347,118
Total expenses
$232,516
Contributions and grants received
$331,224
Grants paid
$202,569
Program service revenue
$0
Investment income
$15,894
Other revenue
$0
Total assets, end of year
$1,096,082
Total liabilities, end of year
$13,466
Net assets or fund balances, end of year
$1,082,616
Program services expenses (Part IX)
$218,001
Management and general expenses
$9,790
Fundraising expenses
$4,725
Program service expenses (Part III)
$218,001

Program services were 93.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KYLE GURZYNSKI

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • DAVE BRANDT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • BRENDA LIPPENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DEBI SOUTHWORTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ERIC ESSER

    TRUSTEE THRU 12/2/22

    Total calculated
    $0
    Hours/week
    5

  • CHRISSY SIDERS

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • CASEY CLARK

    TRUSTEE EFFECTIVE 12/19/22

    Total calculated
    $0
    Hours/week
    5

  • KIERAN MARION

    TRUSTEE

    Total calculated
    $228,128
    From this org
    $0
    From related orgs
    $202,205
    Other
    $25,923
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,205 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,800 related
    Nontaxable benefits
    $0 + $16,123 related
    Filer's total
    $0 + $228,128 related

  • BETH TROOST

    EXECUTIVE DIRECTOR

    Total calculated
    $85,525
    From this org
    $0
    From related orgs
    $78,302
    Other
    $7,223
    Hours/week
    30 + 40 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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR IS COMPENSATED BY A RELATED ORGANIZATION WITH SALARY DETERMINED BY THE RELATED ORGANIZATION'S POLICY AND REVIEW PROCEDURES.

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
24 August 2023
IRS schema version
2022v5.0
Source object
202332369349301753

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

The source document this was parsed from is served over the API, which is where bulk and document access live.