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Nonprofiteer
← AFRICAN AMERICAN CREDIT UNION COALITION

Form 990 for tax year 2024

Filed by AFRICAN AMERICAN CREDIT UNION COALITION.

Totals

Total revenue
$2,631,008
Total expenses
$2,629,164
Contributions and grants received
$57,471
Grants paid
$27,053
Program service revenue
$2,437,480
Investment income
$16,191
Other revenue
$119,866
Total assets, end of year
$1,357,850
Total liabilities, end of year
$1,138,879
Net assets or fund balances, end of year
$218,971
Program services expenses (Part IX)
$1,430,817
Management and general expenses
$750,032
Fundraising expenses
$448,315
Program service expenses (Part III)
$1,430,817

Program services were 54.4% 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

    $57,471

  • 2a · Program service revenue: CONFERENCE DUES

    total $988,770 · related or exempt $988,770

  • 2b · Program service revenue: CORPORATE PARTNER SUPP

    total $709,932 · related or exempt $709,932

  • 2c · Program service revenue: FUTURE FUND INCOME

    total $512,090 · related or exempt $512,090

  • 2d · Program service revenue: MEMBERSHIP INCOME

    total $226,688 · related or exempt $226,688

  • 3 · Investment income

    total $16,191 · excluded $16,191

  • 11a · Other revenue: IN-KIND DONATION (RENT

    total $105,560 · related or exempt $105,560

  • 11b · Other revenue: OTHER INCOME

    total $14,306 · related or exempt $14,306

  • 11e · Other revenue, total

    $119,866

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,053 · program services $27,053

  • 5 · Compensation of officers, directors and key employees

    total $389,331 · program services $225,497 · management and general $87,273 · fundraising $76,561

  • 7 · Other salaries and wages

    total $373,341 · program services $216,236 · management and general $83,689 · fundraising $73,416

  • 9 · Other employee benefits

    total $62,284 · program services $36,074 · management and general $13,962 · fundraising $12,248

  • 10 · Payroll taxes

    total $138,310 · program services $80,108 · management and general $31,004 · fundraising $27,198

  • 11c · Fees: accounting

    total $13,609 · management and general $13,609

  • 11g · Fees: other

    total $281,972 · program services $205,499 · fundraising $76,473

  • 12 · Advertising and promotion

    total $41,943 · program services $24,693 · fundraising $17,250

  • 13 · Office expenses

    total $270,932 · management and general $267,599 · fundraising $3,333

  • 14 · Information technology

    total $33,887 · management and general $33,887

  • 16 · Occupancy

    total $105,560 · management and general $105,560

  • 17 · Travel

    total $165,612 · program services $33,122 · fundraising $132,490

  • 19 · Conferences, conventions and meetings

    total $40,197 · program services $7,337 · management and general $3,514 · fundraising $29,346

  • 23 · Insurance

    total $5,652 · management and general $5,652

  • 24a · Other expenses: CO-OP LEARNING TRIP

    total $216,688 · program services $216,688

  • 24b · Other expenses: ANNUAL CONFERENCE

    total $164,757 · program services $164,757

  • 24c · Other expenses: FUTURE FUND

    total $148,892 · program services $103,892 · management and general $45,000

  • 24d · Other expenses: EVENT/PROGRAM EXPENSES

    total $89,861 · program services $89,861

  • 24e · All other expenses

    total $59,283 · management and general $59,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,879 · end of year $509,086

  • 4 · Accounts receivable

    beginning of year $243,637 · end of year $686,148

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,504 · end of year $43,822

  • 10a · Land, buildings and equipment: cost or other basis

    $121,115

  • 10b · Land, buildings and equipment: accumulated depreciation

    $121,115

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $48,487 · end of year $118,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,380 · end of year $153,297

  • 19 · Deferred revenue

    beginning of year $175,000 · end of year $985,582

  • 27 · Net assets without donor restrictions

    beginning of year $105,365 · end of year -$268,489

  • 28 · Net assets with donor restrictions

    beginning of year $111,762 · end of year $487,460

Mission and programs · 2024

Mission

AFRICAN AMERICAN CREDIT UNION COALITION'S MISSION STATEMENT IS TO INCREASE DIVERSITY WITHIN THE CREDIT UNION COMMUNITY THROUGH ADVOCACY AND PROFESSIONAL DEVELOPMENT.

  • IN 2024, THE FUTURE FUND (THE FUND) WAS ESTABLISHED TO ENSURE THE LONG-TERM STRENGTH AND SUSTAINABILITY OF THE COALITION IN FULFILLING ITS MISSION TO SERVE THE CREDIT UNION INDUSTRY. IN ADDITION TO SUPPORTING THE COALITION'S PROGRAMS AND PROVIDING AN OPERATING RESERVE, THE FUND IS DESIGNATED TO ENHANCE AND BRING SCALE TO THREE PILLARS OF THE COALITION'S COMMITMENT TO CHANGE INITIATIVE. THE FUND IS STRUCTURED TO BENEFIT FROM INVESTMENT RETURNS, ENABLING THE CREDIT UNION SYSTEM TO SUPPORT THE COALITION THROUGH STRATEGIC INVESTMENT OPPORTUNITIES. CREDIT UNIONS AND OTHER SUPPORTERS MAY PARTICIPATE BY OPENING A CERTIFICATE OF DEPOSIT OR A CHARITABLE DONATION ACCOUNT (CDA) WITH ONE OF THE FUND'S STRATEGIC PARTNERS, NATIONAL COOPERATIVE BANK (NCB), ALM FIRST OR TRUSTAGE FINANCIAL GROUP, INC. (TRUSTAGE).DONORS MAY OPEN A CERTIFICATE OF DEPOSIT ACCOUNT WITH NCB AND CONTRIBUTE A SPECIFIED PERCENTAGE OF THE INTEREST EARNED TO SUPPORT THE COALITION. ALM FIRST AND TRUSTAGE OFFER CHARITABLE DONATION ACCOUNTS TO CREDIT UNION INVESTORS. CDA ASSETS ARE HELD IN SEGREGATED CUSTODIAL ACCOUNTS AND A MINIMUM OF 51% OF EACH CDA'S TOTAL RETURN MUST BE DISTRIBUTED TO THE COALITION. THE FUTURE FUND COMMITTEE REVIEWS AND APPROVES THE DISTRIBUTION ON A QUARTERLY BASIS.

    Expenses $103,892 · Revenue $512,090

  • THE DEI LEADERSHIP ACADEMY WAS ESTABLISHED FOR FINANCIAL PROFESSIONALS AND IS DESIGNED TO INSPIRE AND EMPOWER FINANCIAL PROFESSIONALS TO LEAD WITH A MINDSET OF DIVERSITY, EQUITY, AND INCLUSION TO BETTER REPRESENT AND SERVE THE GLOBAL COMMUNITIES WE SERVE.

    Expenses $45,434 · Revenue $139,712

  • CONFERENCES WERE HELD DURING THE YEAR TO PROMOTE INTERNSHIP AND MENTORSHIP PROGRAMS AND TO CREATE OPPORTUNITIES FOR VARIOUS CREDIT UNIONS AND CREDIT UNION PROVIDERS TO MEET AND WORK WITH ONE ANOTHER.

    Expenses $471,306 · Revenue $777,126

  • Expenses $810,185 · Grants $27,053 · Revenue $1,202,080

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

Listed in Part VII

  • Whitney M Anderson

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Priscilla Awkard

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Delana Huling

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Marvin T York

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • John Bissell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sharon Camper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maurice Dawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sharon Grieger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ty Muse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gary J Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Adrian Johnson

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Timothy Anderson

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Cathryn Sattiewhite

    PRESIDENT/CEO

    Total calculated
    $186,154
    From this org
    $183,098
    From related orgs
    $0
    Other
    $3,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,098
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,056
    Filer's total
    $186,154

  • Dohnia Dorman

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $106,680
    From this org
    $105,280
    From related orgs
    $0
    Other
    $1,400
    Hours/week
    40

  • Grace Sanchez

    SPECIAL ASSISTANT TO THE PRESIDENT

    Total calculated
    $100,953
    From this org
    $100,953
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543219349311359

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