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Nonprofiteer
← ALABAMA CREDIT UNION FOUNDATION INC

Form 990 for tax year 2024

Filed by ALABAMA CREDIT UNION FOUNDATION INC.

Totals

Total revenue
$410,874
Total expenses
$247,661
Contributions and grants received
$423,969
Grants paid
$246,981
Program service revenue
$0
Investment income
$2,353
Other revenue
-$15,448
Total assets, end of year
$1,048,242
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,048,242
Program services expenses (Part IX)
$246,981
Management and general expenses
$0
Fundraising expenses
$680
Program service expenses (Part III)
$246,981

Program services were 99.7% 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

    $75,308

  • 1e · Government grants (contributions)

    $250,000

  • 1f · All other contributions, gifts and grants

    $98,661

  • 3 · Investment income

    total $2,353 · excluded $2,353

  • 8a · Fundraising events: gross income

    $0

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

    $75,308

  • 8b · Fundraising events: direct expenses

    $15,448

  • 8c · Net income from fundraising events

    total -$15,448 · excluded -$15,448

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $246,981 · program services $246,981

  • 13 · Office expenses

    total $680 · fundraising $680

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $885,029 · end of year $1,048,242

  • 27 · Net assets without donor restrictions

    beginning of year $885,029 · end of year $1,048,242

Mission and programs · 2024

Mission

THE ALABAMA CREDIT UNION FOUNDATION IS DEDICATED TO STRENGTHENING THE COMMUNITY AND IMPROVING THE QUALITY OF LIFE BOTH NOW AND FOR FUTURE GENERATIONS. THE ORGANIZATION IS A VEHICLE FOR PRIVATE DONORS TO MAKE A LASTING CONTRIBUTION TO OUR COMMUNITY. THE ORGANIZATION FULFILLS ITS MISSION BY EDUCATING THE PUBLIC ABOUT THE PRACTICE OF PHILANTHROPY AND ITS BENEFITS BOTH TO DONORS AND TO THE COMMUNITY, AND SERVES AS A CATALYST AND RESOURCE TO EFFECTIVELY RESPOND TO COMMUNITY PROBLEMS.

Activities or mission (Part I)

TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY

  • THE ORGANIZATION DEVELOPED THE "SECRET MEALS FOR HUNGRY CHILDREN" PROGRAM THROUGH PARTNERSHIPS WITH LOCAL FOOD BANKS WITH THE OBJECTIVE OF ADDRESSING THE ISSUE OF HUNGER FACING ELEMENTARY SCHOOL CHILDREN. THE PROGRAM SERVES MANY CHILDREN RECEIVING FREE OR REDUCED COST MEALS AT SCHOOL, BUT THE PROGRAM IS OPEN TO ANY CHILD IDENTIFIED BY SCHOOL OFFICIALS AS GOING HUNGRY OVER THE WEEKEND. THE SECRET MEALS PROGRAM SUPPLIES IDENTIFIED UNDER-NOURISHED ELEMENTARY SCHOOL-AGED CHILDREN WITH A 3.5 POUND FOOD PACKS IN THEIR BACKPACKS EVERY FRIDAY THROUGHOUT THE SCHOOL YEAR TO SUSTAIN THEM DURING THE WEEKEND FEEDING GAPS WHEN THEIR SCHOOL'S FREE/REDUCED COST MEALS ARE NOT AVAILABLE. THIS IS DONE ANONYMOUSLY, WHILE THE CHILDREN ARE OUT OF THE CLASSROOM, TO PREVENT THE CHILD FROM BEING SINGLED OUT OR MADE TO FEEL UNCOMFORTABLE. THE PROGRAM SERVES OVER 2,000 CHILDREN ACROSS SEVERAL COUNTIES IN ALABAMA.

    Expenses $246,981 · Grants $246,981

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steve Swofford

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kelley Porter

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Daria

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara H Crocker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202533099349304058

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

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