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← BLUE FEDERAL CREDIT UNION FOUNDATION

Form 990 for tax year 2023

Filed by BLUE FEDERAL CREDIT UNION FOUNDATION.

Totals

Total revenue
$295,094
Total expenses
$217,636
Contributions and grants received
$174,953
Grants paid
$186,813
Program service revenue
$0
Investment income
$8,227
Other revenue
$111,914
Total assets, end of year
$379,177
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$379,177
Program services expenses (Part IX)
$217,636
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$217,636

Program services were 100.0% 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.

  • 1b · Membership dues

    $174,953

  • 3 · Investment income

    total $8,227 · excluded $8,227

  • 8a · Fundraising events: gross income

    $142,514

  • 8b · Fundraising events: direct expenses

    $30,600

  • 8c · Net income from fundraising events

    total $111,914 · excluded $111,914

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $186,813 · program services $186,813

  • 7 · Other salaries and wages

    total $26,250 · program services $26,250

  • 10 · Payroll taxes

    total $2,008 · program services $2,008

  • 13 · Office expenses

    total $976 · program services $976

  • 24a · Other expenses: BANK FEES

    total $1,320 · program services $1,320

  • 24b · Other expenses: MEALS

    total $269 · program services $269

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $298,638 · end of year $29,340

  • 2 · Savings and temporary cash investments

    beginning of year $5 · end of year $346,762

  • 4 · Accounts receivable

    end of year $3,075

  • 27 · Net assets without donor restrictions

    beginning of year $298,643 · end of year $379,177

Mission and programs · 2023

Mission

TO ASSIST THE COMMUNITIES IN WHICH BLUE FEDERAL CREDIT UNION DOES BUSINESS

  • TO ASSIST THE COMMUNITIES IN WHICH BLUE FEDERAL CREDIT UNION DOES BUSINESS

    Expenses $217,636 · Grants $186,813

As filed on the 2023 return.

Listed in Part VII

  • Jim Wood

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Margo Lahiff

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michele Bolkovatz

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kim Alexander

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Teubner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Alan Korth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Rowland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marina Venturelli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
18 March 2024
IRS schema version
2023v5.0
Source object
202411219349302816

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