Form 990 for tax year 2024
Filed by BLUE FEDERAL CREDIT UNION FOUNDATION.
Totals
- Total revenue
- $532,195
- Total expenses
- $322,572
- Contributions and grants received
- $467,461
- Grants paid
- $166,064
- Program service revenue
- $0
- Investment income
- $14,203
- Other revenue
- $50,531
- Total assets, end of year
- $589,605
- Total liabilities, end of year
- $3,875
- Net assets or fund balances, end of year
- $585,730
- Program services expenses (Part IX)
- $322,572
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $322,572
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
$467,461
-
3 · Investment income
total $14,203 · excluded $14,203
-
8a · Fundraising events: gross income
$119,511
-
8b · Fundraising events: direct expenses
$68,980
-
8c · Net income from fundraising events
total $50,531 · excluded $50,531
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $166,064 · program services $166,064
-
7 · Other salaries and wages
total $121,008 · program services $121,008
-
10 · Payroll taxes
total $9,656 · program services $9,656
-
13 · Office expenses
total $18,012 · program services $18,012
-
24a · Other expenses: BANK FEES
total $7,560 · program services $7,560
-
24b · Other expenses: MEALS
total $272 · program services $272
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $29,340 · end of year $82,976
-
2 · Savings and temporary cash investments
beginning of year $346,762 · end of year $506,629
-
4 · Accounts receivable
beginning of year $3,075
-
25 · Other liabilities
beginning of year $0 · end of year $3,875
-
27 · Net assets without donor restrictions
beginning of year $379,177 · end of year $585,730
Mission and programs · 2024
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 $322,572 · Grants $166,064
As filed on the 2024 return.
Listed in Part VII
-
Jim WoodJIM WOOD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Michele BolkovatzMICHELE BOLKOVATZ
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Kim AlexanderKIM ALEXANDER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Margo LahiffMARGO LAHIFF
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie ProppsSTEPHANIE PROPPS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Alan KorthALAN KORTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin RowlandBENJAMIN ROWLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jon TaylorJON TAYLOR
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
- 2024
- Filed
- 28 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532209349301423
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