Form 990 for tax year 2022
Filed by THE CREDIT UNION FOUNDATION OF MD AND DC INC.
Totals
- Total revenue
- $144,279
- Total expenses
- $257,421
- Contributions and grants received
- $132,094
- Grants paid
- $44,828
- Program service revenue
- $0
- Investment income
- -$19,222
- Other revenue
- $31,407
- Total assets, end of year
- $3,391,376
- Total liabilities, end of year
- $5,422
- Net assets or fund balances, end of year
- $3,385,954
- Program services expenses (Part IX)
- $59,626
- Management and general expenses
- $197,795
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $59,626
Program services were 23.2% 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
$11,703
-
1f · All other contributions, gifts and grants
$120,391
-
3 · Investment income
total $57,649 · excluded $57,649
-
7a · Gross sales of assets other than inventory
securities $1,109,542
-
7b · Less cost or other basis and sales expenses
securities $1,186,413
-
7c · Gain or loss
securities -$76,871
-
7d · Net gain or loss
total -$76,871 · excluded -$76,871
-
8a · Fundraising events: gross income
$44,321
-
8b · Fundraising events: direct expenses
$12,914
-
8c · Net income from fundraising events
total $31,407 · excluded $31,407
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $44,828 · program services $44,828
-
11a · Fees: management
total $40,468 · management and general $40,468
-
11c · Fees: accounting
total $3,925 · management and general $3,925
-
11g · Fees: other
total $136,613 · management and general $136,613
-
13 · Office expenses
total $6,221 · program services $3,577 · management and general $2,644
-
22 · Depreciation, depletion and amortization
total $403 · management and general $403
-
23 · Insurance
total $10,959 · management and general $10,959
-
24a · Other expenses: MISCELLANEOUS
total $7,020 · program services $5,265 · management and general $1,755
-
24b · Other expenses: TRAVEL AND ENTERTAINMEN
total $4,367 · program services $3,339 · management and general $1,028
-
24c · Other expenses: OTHER PROGRAM EXPENSES
total $2,237 · program services $2,237
-
24d · Other expenses: POSTAGE AND DELIVERY
total $380 · program services $380
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,938 · end of year $62,194
-
2 · Savings and temporary cash investments
beginning of year $230,108 · end of year $162,964
-
4 · Accounts receivable
end of year $9,216
-
9 · Prepaid expenses and deferred charges
beginning of year $5,854
-
10a · Land, buildings and equipment: cost or other basis
$17,664
-
10b · Land, buildings and equipment: accumulated depreciation
$17,623
-
10c · Land, buildings and equipment, net
beginning of year $444 · end of year $41
-
11 · Investments: publicly traded securities
beginning of year $3,150,431 · end of year $3,156,961
-
15 · Other assets
beginning of year $8,459
-
17 · Accounts payable and accrued expenses
beginning of year $10,088 · end of year $5,422
-
19 · Deferred revenue
beginning of year $5,873
-
27 · Net assets without donor restrictions
beginning of year $3,407,792 · end of year $3,375,954
-
28 · Net assets with donor restrictions
beginning of year $3,481 · end of year $10,000
Mission and programs · 2022
Mission
THE CREDIT UNION FOUNDATION OF MARYLAND & THE DISTRICT OF COLUMBIA IMPROVES LIVES BY WORKING WITH CREDIT UNION IN MARYLAND AND THE DISTRICT OF COLUMBIA TO SUPPORT FINANCIAL SELF-SUFFICIENCY AND PERSONAL, AFFORDABLE FINANCIAL SERVICES.
Activities or mission (Part I)
THE CREDIT UNION FOUNDATION OF MARYLAND & THE DISTRICT OF COLUMBIA IMPROVES LIVES BY WORKING WITH CREDIT UNIONS IN MARYLAND AND THE DISTRICT OF COLUMBIA TO SUPPORT FINANCIAL SELF-SUFFICIENCY AND PERSONAL, AFFORDABLE FINANCIAL SERVICES.
-
THE FOUNDATION IS A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING CREDIT UNIONS AND THE COMMUNITIES THEY SERVE WITH AN EMPHASIS ON GRANTS TO CREDIT UNIONS, COLLEGE SCHOLARSHIPS AND FINANCIAL LITERACY PROGRAMS.
Expenses $59,626 · Grants $44,828
As filed on the 2022 return.
Listed in Part VII
-
Chris ConwayCHRIS CONWAY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Jim WhippJIM WHIPP
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Sean ZimmermannSEAN ZIMMERMANN
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Linda AlbrechtLINDA ALBRECHT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Roderic FlowersRODERIC FLOWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John HamiltonJOHN HAMILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bonnie JacobsonBONNIE JACOBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tonia NiedzialkowskiTONIA NIEDZIALKOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brett NollBRETT NOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leigh PhilibosianLEIGH PHILIBOSIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 30
-
John BratsakisJOHN BRATSAKIS
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
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
-
MULTIPLE GRANTS TO SUPPORT FINANCIAL LITERACY PROGRAMS IN MIDDLE AND HIGH SCHOOLS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400929349301075
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