Form 990 for tax year 2022
Filed by AFRICAN AMERICAN CREDIT UNION COALITION.
Totals
- Total revenue
- $1,563,066
- Total expenses
- $1,939,854
- Contributions and grants received
- $1,120,885
- Grants paid
- $0
- Program service revenue
- $439,578
- Investment income
- $2,603
- Other revenue
- $0
- Total assets, end of year
- $300,025
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $300,025
- Program services expenses (Part IX)
- $1,216,713
- Management and general expenses
- $523,300
- Fundraising expenses
- $199,841
- Program service expenses (Part III)
- $1,216,713
Program services were 62.7% 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.
-
1b · Membership dues
$219,895
-
1d · Related organizations
$900,990
-
2a · Program service revenue: CONFERENCE DUES
total $329,858 · related or exempt $329,858
-
2b · Program service revenue: OTHER INCOME
total $109,720 · related or exempt $109,720
-
3 · Investment income
total $2,603 · unrelated business $2,603
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $242,820 · program services $109,269 · management and general $80,130 · fundraising $53,421
-
7 · Other salaries and wages
total $438,266 · program services $197,220 · management and general $144,628 · fundraising $96,418
-
11a · Fees: management
total $341,676 · program services $269,246 · management and general $72,430
-
11c · Fees: accounting
total $38,260 · management and general $38,260
-
12 · Advertising and promotion
total $50,002 · fundraising $50,002
-
13 · Office expenses
total $187,852 · management and general $187,852
-
19 · Conferences, conventions and meetings
total $610,528 · program services $610,528
-
24a · Other expenses: PROFESSIONAL DEVELOPMEN
total $30,450 · program services $30,450
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $316,119 · end of year $197,843
-
3 · Pledges and grants receivable
beginning of year $265,050 · end of year $50,002
-
9 · Prepaid expenses and deferred charges
beginning of year $42,681 · end of year $11,000
-
11 · Investments: publicly traded securities
beginning of year $52,963 · end of year $41,180
-
27 · Net assets without donor restrictions
beginning of year $573,226 · end of year $189,763
-
28 · Net assets with donor restrictions
beginning of year $103,587 · end of year $110,262
Mission and programs · 2022
Mission
THE AFRICAN AMERICAN CREDIT UNION COALITION'S MISSION IS TO INCREASE DIVERSITY WITHIN THE CREDIT UNION COMMUNITY THROUGH ADVOCACY AND PROFESSIONAL DEVELOPMENT.
Activities or mission (Part I)
SEE SCHEDULE OTHE AFRICAN AMERICAN CREDIT UNION COALITION'S MISSION STATEMENT IS TO INCREASE DIVERSITY WITHIN THE CREDIT UNION COMMUNITY THROUGH ADVOCACY AND PROFESSIONAL DEVELOPMENT.
-
THE BOARD-READY TRAINING SERIES WAS DESIGNED TO HELP ENHANCE LEADERSHIP SKILLS AND PREPARE BOARD MEMBERS TO SERVE WITH IMPACT ON NON-PROFIT BOARDS WITHIN THE COMMUNITY.
Expenses $28,275
-
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 $575,735
-
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 $610,528 · Revenue $329,858
-
Expenses $2,175 · Revenue $109,720
As filed on the 2022 return.
Listed in Part VII
-
Timothy AndersonTIMOTHY ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Gary PerezGARY PEREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Ed PresnellED PRESNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Lynette SmithLYNETTE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Larry SewellLARRY SEWELL
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Priscilla AwkardPRISCILLA AWKARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Tracey JacksonTRACEY JACKSON
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Marvin YorkMARVIN YORK
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Maurice SmithMAURICE SMITH
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Whitney Anderson-HarrellWHITNEY ANDERSON-HARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Adrian JohnsonADRIAN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
John BissellJOHN BISSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Cathryn SattiewhiteCATHRYN SATTIEWHITE
PRESIDENT
- Total calculated
- $141,858
- From this org
- $141,858
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dohnia DormanDOHNIA DORMAN
VICE PRESIDENT
- Total calculated
- $100,962
- From this org
- $100,962
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349318278
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