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Nonprofiteer
← NATIONAL CREDIT UNION FOUNDATION INC

Form 990 for tax year 2022

Filed by NATIONAL CREDIT UNION FOUNDATION INC.

Totals

Total revenue
$6,469,151
Total expenses
$4,383,719
Contributions and grants received
$5,538,384
Grants paid
$974,328
Program service revenue
$744,438
Investment income
$217,789
Other revenue
-$31,460
Total assets, end of year
$12,602,640
Total liabilities, end of year
$857,849
Net assets or fund balances, end of year
$11,744,791
Program services expenses (Part IX)
$3,056,278
Management and general expenses
$1,029,876
Fundraising expenses
$297,565
Program service expenses (Part III)
$3,056,278

Program services were 69.7% 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

    $626,320

  • 1f · All other contributions, gifts and grants

    $4,912,064

  • 2a · Program service revenue: TRAINING PROGRAMS

    total $744,438 · related or exempt $744,438

  • 3 · Investment income

    total $224,658 · excluded $224,658

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

    securities $3,838 · other assets $3,031

  • 7c · Gain or loss

    securities -$3,838 · other assets -$3,031

  • 7d · Net gain or loss

    total -$6,869 · excluded -$6,869

  • 8a · Fundraising events: gross income

    $173,030

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

    $626,320

  • 8b · Fundraising events: direct expenses

    $320,032

  • 8c · Net income from fundraising events

    total -$147,002 · excluded -$147,002

  • 11a · Other revenue: LIQUIDATION PAYMENT

    total $100,637 · excluded $100,637

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $14,905 · excluded $14,905

  • 11e · Other revenue, total

    $115,542

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $922,344 · program services $922,344

  • 2 · Grants to domestic individuals

    total $51,984 · program services $51,984

  • 5 · Compensation of officers, directors and key employees

    total $735,720 · program services $458,629 · management and general $201,668 · fundraising $75,423

  • 7 · Other salaries and wages

    total $1,136,468 · program services $708,594 · management and general $311,343 · fundraising $116,531

  • 8 · Pension plan contributions

    total $58,059 · program services $36,315 · management and general $15,772 · fundraising $5,972

  • 9 · Other employee benefits

    total $231,258 · program services $144,648 · management and general $62,822 · fundraising $23,788

  • 10 · Payroll taxes

    total $113,076 · program services $70,727 · management and general $30,718 · fundraising $11,631

  • 11b · Fees: legal

    total $55,000 · management and general $55,000

  • 11c · Fees: accounting

    total $68,968 · management and general $68,968

  • 11g · Fees: other

    total $275,782 · program services $172,766 · management and general $85,402 · fundraising $17,614

  • 12 · Advertising and promotion

    total $17,781 · management and general $17,716 · fundraising $65

  • 13 · Office expenses

    total $11,586 · program services $3,415 · management and general $7,867 · fundraising $304

  • 14 · Information technology

    total $96,620 · program services $31,620 · management and general $65,000

  • 16 · Occupancy

    total $24,651 · program services $16,596 · management and general $4,175 · fundraising $3,880

  • 17 · Travel

    total $163,542 · program services $67,780 · management and general $81,982 · fundraising $13,780

  • 19 · Conferences, conventions and meetings

    total $311,669 · program services $296,905 · fundraising $14,764

  • 22 · Depreciation, depletion and amortization

    total $37,677 · program services $36,667 · management and general $1,010

  • 23 · Insurance

    total $20,126 · management and general $15,291 · fundraising $4,835

  • 24a · Other expenses: PROGRAM & MATERIALS

    total $30,457 · program services $27,356 · fundraising $3,101

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $16,562 · program services $9,732 · management and general $5,142 · fundraising $1,688

  • 24c · Other expenses: MISCELLANEOUS

    total $4,389 · program services $200 · fundraising $4,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $258,229 · end of year $15,453

  • 2 · Savings and temporary cash investments

    beginning of year $5,495,216 · end of year $6,037,072

  • 3 · Pledges and grants receivable

    beginning of year $557,300 · end of year $11,500

  • 4 · Accounts receivable

    beginning of year $82,948 · end of year $106,245

  • 9 · Prepaid expenses and deferred charges

    beginning of year $112,449 · end of year $145,951

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

    $110,000

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

    $88,611

  • 10c · Land, buildings and equipment, net

    beginning of year $76,597 · end of year $21,389

  • 11 · Investments: publicly traded securities

    beginning of year $5,075,500 · end of year $6,265,030

  • 17 · Accounts payable and accrued expenses

    beginning of year $482,697 · end of year $522,857

  • 18 · Grants payable

    beginning of year $8,594 · end of year $723

  • 19 · Deferred revenue

    beginning of year $345,750 · end of year $334,269

  • 27 · Net assets without donor restrictions

    beginning of year $6,295,485 · end of year $6,126,899

  • 28 · Net assets with donor restrictions

    beginning of year $4,525,713 · end of year $5,617,892

Mission and programs · 2022

Mission

THE FOUNDATION'S VISION IS TO MAKE FINANCIAL FREEDOM ACHIEVABLE THROUGH CREDIT UNIONS. WE DO THIS THROUGH THREE PRIMARY PILLARS OF WORK: 1. IGNITING CREDIT UNIONS TO PLACE EMPLOYEE, MEMBER AND COMMUNITY FINANCIAL WELL-BEING AT THE CENTER OF THEIR STRATEGY BY FUNDING CATALYTIC GRANTS, HOLDING CONVENINGS, OFFERING RESOURCES AND TOOLS TO IGNITE CREDIT UNIONS TO CENTER THEIR STRATEGY ON FINANCIAL WELL-BEING FOR ALL 2. INSPIRING CREDIT UNIONS TO LEVERAGE THEIR COOPERATIVE VALUES TO REINFORCE AN ORGANIZATIONAL CULTURE THAT EMPOWERS AND MOTIVATES EMPLOYEES BY CELEBRATING, DEVELOPING AND HELPING RETAIN TALENT AT CREDIT UNIONS BY OFFERING EDUCATION AND ENGAGEMENT OPPORTUNITIES THAT ALIGN PURPOSE WITH ACTION 3. RESPONDING WHEN DISASTER STRIKES AND HELPING CREDIT UNIONS INCREASE THEIR BUSINESS RESILIENCY THROUGH THE COOPERATIVE VALUE OF "PEOPLE HELPING PEOPLE" BY ASSISTING THE CREDIT UNION COMMUNITY TO CONTINUE SERVING MEMBERS WHEN DISASTER STRIKES THROUGH FUNDRAISING, GRANT MAKING AND RESOURCES

Activities or mission (Part I)

A CATALYST TO IMPROVE PEOPLE'S FINANCIAL LIVES THROUGH CREDIT UNIONS.

  • DISASTER RELIEF: THROUGH THE NATIONAL CREDIT UNION FOUNDATION'S DISASTER RELIEF FUND & CUAID INITIATIVE, THE FOUNDATION CAN QUICKLY RESPOND WHEN DISASTERS STRIKE BY HARNESSING THE COLLECTIVE GENEROSITY OF CREDIT UNIONS, INDIVIDUALS AND OTHER STAKEHOLDERS. CUAID RAISES DONATIONS THAT SUPPORT CREDIT UNION EMPLOYEES AND VOLUNTEERS WHO ARE IMPACTED BY A DISASTER. THE FOUNDATION COORDINATES WITH THE STATE FOUNDATION/LEAGUE PARTNERS WITHIN THE GEOGRAPHIC AREA WHERE THE DISASTER HAPPENS TO ASSESS AND RESPOND TO NEEDS. MORE INFORMATION IS AVAILABLE AT: 2020 DISASTER RELIEF PLAY BOOK (NCUF.COOP).

    Expenses $658,177 · Grants $591,951

  • CREDIT UNION DEVELOPMENT EDUCATION (DE) PROGRAM: THE DE PROGRAM IS AN EDUCATION PROGRAM FOR ESTABLISHED AND EMERGING LEADERS WITHIN THE CREDIT UNION MOVEMENT. THIS PROGRAM EXPLORES HOW CREDIT UNIONS CAN LEVERAGE THEIR UNIQUE BUSINESS MODEL TO SOLVE CORE DEVELOPMENT ISSUES THAT PREVENT THE PROSPERITY AND FINANCIAL WELL-BEING OF THEIR MEMBERS AND COMMUNITIES. PARTICIPANTS TAKE PART IN A NUMBER OF LESSONS, ACTIVITIES AND GROUP PROJECTS TO DEMONSTRATE EFFECTIVE LEARNING AND POTENTIAL FOR APPLICATION. UPON COMPLETION, ATTENDEES EARN THEIR CREDIT UNION DEVELOPMENT EDUCATOR (CUDE) DESIGNATION. THE DE PROGRAM IS OFFERED AS AN IN-PERSON AND ONLINE TRAINING. SINCE 1982, MORE THAN 2,500 CREDIT UNION PROFESSIONALS HAVE EARNED THEIR CUDE DESIGNATION AND USED THIS NEW KNOWLEDGE TO IMPROVE THE QUALITY OF LIFE FOR THEIR MEMBERS, COLLEAGUES AND COMMUNITIES AROUND THE GLOBE. MORE INFORMATION IS AVAILABLE AT: DE PROGRAM INFORMATION (NCUF.COOP).

    Expenses $965,251 · Grants $53,372 · Revenue $744,438

  • FINANCIAL WELL-BEING FOR ALL AND GRANT MAKING: THE NATIONAL CREDIT UNION FOUNDATION FUNDS THE EFFORTS OF CREDIT UNIONS AND OTHER NON-PROFIT ORGANIZATIONS TO MEASURE AND IMPROVE FINANCIAL HEALTH AND WELL-BEING FOR ALL. THROUGH IMPACT AND INNOVATIVE GRANTMAKING, CONVENINGS AND CONFERENCES, THE FOUNDATION HAS ASSEMBLED A ROBUST SUITE OF TOOLS AND CASE STUDIES TO HELP CREDIT UNIONS MEASURE FINANCIAL WELL-BEING, BUILD A STRATEGY, AND TAKE ACTION TO MOVE PEOPLE UP A PATH TO FINANCIAL FREEDOM. MORE INFORMATION IS AVAILABLE AT: MAKING FINANCIAL WELL-BEING FOR ALL A REALITY (NCUF.COOP).

    Expenses $1,037,538 · Grants $230,957

  • OTHER PROGRAMS.

    Expenses $395,312 · Grants $98,048

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Teresa Campbell

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Sackett

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Cashman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jenny Vipperman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brett Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christine Cordell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Creighton Blackwell

    DIRECTOR (START 01/2022)

    Total calculated
    $0
    Hours/week
    1

  • Dan Kampen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Birky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Snodgrass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dean Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerry Singleton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Howard Spencer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lily Newfarmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Murphy

    DIRECTOR (START 01/2022)

    Total calculated
    $0
    Hours/week
    1

  • Nader Moghaddam

    DIRECTOR (START 03/2022)

    Total calculated
    $0
    Hours/week
    1

  • Patrick Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christiane G Hyland

    EXECUTIVE DIRECTOR

    Total calculated
    $467,827
    From this org
    $421,327
    From related orgs
    $0
    Other
    $46,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $384,552
    Bonus
    $36,775
    Other
    $0
    Deferred
    $46,500
    Nontaxable benefits
    $0
    Filer's total
    $467,827

  • Andre T Parraway

    CHIEF FINANCIAL & OPERATION

    Total calculated
    $267,893
    From this org
    $243,762
    From related orgs
    $0
    Other
    $24,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,318
    Bonus
    $17,444
    Other
    $0
    Deferred
    $24,131
    Nontaxable benefits
    $0
    Filer's total
    $267,893

  • Jim Nussle

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Danielle Brown

    CHIEF ENGAGEMENT DIRECTOR

    Total calculated
    $194,047
    From this org
    $162,348
    From related orgs
    $0
    Other
    $31,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,750
    Bonus
    $8,598
    Other
    $0
    Deferred
    $22,974
    Nontaxable benefits
    $8,725
    Filer's total
    $194,047

  • Chad Helminak

    CHIEF IMPACT OFFICER

    Total calculated
    $189,368
    From this org
    $158,126
    From related orgs
    $0
    Other
    $31,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,102
    Bonus
    $9,024
    Other
    $0
    Deferred
    $14,841
    Nontaxable benefits
    $16,401
    Filer's total
    $189,368

  • Samuel Plester

    MARKETING & COMMUNICATIONS DIR

    Total calculated
    $154,003
    From this org
    $120,378
    From related orgs
    $0
    Other
    $33,625
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,563
    Bonus
    $3,815
    Other
    $0
    Deferred
    $20,500
    Nontaxable benefits
    $13,125
    Filer's total
    $154,003

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
IN 2022, THE FOUNDATION BOARD APPROVED A CONTRIBUTION TO A 457(F) PLAN FOR THE EXECUTIVE DIRECTOR. THE TOTAL AMOUNT CONTRIBUTED IN 2022 WAS $19,500.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2023
IRS schema version
2022v5.0
Source object
202331329349304558

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.