Skip to content
Nonprofiteer
← MARINE CREDIT UNION FOUNDATION INC

Form 990 for tax year 2022

Filed by MARINE CREDIT UNION FOUNDATION INC.

Totals

Total revenue
$458,798
Total expenses
$427,480
Contributions and grants received
$431,922
Grants paid
$172,570
Program service revenue
$0
Investment income
$40,573
Other revenue
-$13,697
Total assets, end of year
$1,357,362
Total liabilities, end of year
$146,907
Net assets or fund balances, end of year
$1,210,455
Program services expenses (Part IX)
$371,799
Management and general expenses
$55,681
Fundraising expenses
$0
Program service expenses (Part III)
$371,799

Program services were 87.0% 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

    $113,054

  • 1f · All other contributions, gifts and grants

    $318,868

  • 3 · Investment income

    total $22,120 · excluded $22,120

  • 7a · Gross sales of assets other than inventory

    securities $323,443 · other assets $130

  • 7b · Less cost or other basis and sales expenses

    securities $305,120

  • 7c · Gain or loss

    securities $18,323 · other assets $130

  • 7d · Net gain or loss

    total $18,453 · excluded $18,453

  • 8a · Fundraising events: gross income

    $45,387

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

    $113,054

  • 8b · Fundraising events: direct expenses

    $60,209

  • 8c · Net income from fundraising events

    total -$14,822

  • 11a · Other revenue: OTHER REVENUE

    total $1,125 · excluded $1,125

  • 11e · Other revenue, total

    $1,125

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $172,570 · program services $172,570

  • 5 · Compensation of officers, directors and key employees

    total $94,889 · program services $85,400 · management and general $9,489

  • 7 · Other salaries and wages

    total $74,774 · program services $70,792 · management and general $3,982

  • 9 · Other employee benefits

    total $23,271 · program services $23,271

  • 10 · Payroll taxes

    total $10,230 · program services $9,441 · management and general $789

  • 11f · Fees: investment management

    total $10,853 · management and general $10,853

  • 11g · Fees: other

    total $25,081 · management and general $25,081

  • 13 · Office expenses

    total $862 · program services $431 · management and general $431

  • 17 · Travel

    total $3,272 · program services $1,636 · management and general $1,636

  • 19 · Conferences, conventions and meetings

    total $3,740 · program services $1,870 · management and general $1,870

  • 23 · Insurance

    total $369 · management and general $369

  • 24a · Other expenses: FINDING HOME EXPENSES

    total $5,564 · program services $5,564

  • 24b · Other expenses: PROFESSIONAL DEVELOPMENT

    total $1,574 · program services $787 · management and general $787

  • 24c · Other expenses: MISCELLANEOUS

    total $321 · management and general $321

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $75 · program services $37 · management and general $38

  • 24e · All other expenses

    total $35 · management and general $35

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $247,746 · end of year $145,701

  • 2 · Savings and temporary cash investments

    beginning of year $171 · end of year $171

  • 3 · Pledges and grants receivable

    beginning of year $20,185 · end of year $13,517

  • 9 · Prepaid expenses and deferred charges

    beginning of year $384 · end of year $524

  • 11 · Investments: publicly traded securities

    beginning of year $1,279,584 · end of year $1,197,449

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,541 · end of year $90,906

  • 25 · Other liabilities

    beginning of year $89,541 · end of year $56,001

  • 27 · Net assets without donor restrictions

    beginning of year $1,370,851 · end of year $1,195,455

  • 28 · Net assets with donor restrictions

    beginning of year $20,137 · end of year $15,000

Mission and programs · 2022

Mission

THE MARINE CREDIT UNION FOUNDATION WAS FOUNDED TO MAKE A POSITIVE DIFFERENCE IN THE COMMUNITIES SERVED BY MARINE CREDIT UNION THROUGH CHARITABLE DONATIONS AND INITIATIVES THAT INCREASE FINANCIAL LITERACY.

Activities or mission (Part I)

THE MISSION OF THE MARINE CREDIT UNION FOUNDATION IS TO PROVIDE CHARITABLE CONTRIBUTIONS AND INCREASE FINANCIAL LITERACY TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS LIVING IN THE COMMUNITIES SERVED BY MARINE CREDIT UNION.

  • THE MISSION OF THE MARINE CREDIT UNION FOUNDATION IS TO PROVIDE CHARITABLE CONTRIBUTIONS AND INCREASE FINANCIAL LITERACY TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS LIVING IN THE COMMUNITIES SERVED BY MARINE CREDIT UNION.

    Expenses $366,235 · Grants $172,570

  • THE FINDING HOME PROGRAM IS A 12-MONTH COUNSELING PROGRAM THAT ASSISTS FAMILIES IN FINANCING AND PURCHASING THEIR FIRST HOME.

    Expenses $5,564

As filed on the 2022 return.

Listed in Part VII

  • Quinn Devlin

    EXECUTIVE DI

    Total calculated
    $86,024
    From this org
    $0
    From related orgs
    $61,442
    Other
    $24,582
    Hours/week
    40

  • Ken King

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Josh Vandeberg

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Ryan Hall

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shy Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sam Kaufman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Juan Jimenez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tonya Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • WAFER INC

    $6,100

    FOOD PANTRY BUILDING

  • FAMILY RESOURCES

    $5,500

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333199349303618

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.