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Nonprofiteer
← TRAVIS CREDIT UNIONS COMMUNITY FINANCIAL WELLNESS FUND

Form 990 for tax year 2023

Filed by TRAVIS CREDIT UNIONS COMMUNITY FINANCIAL WELLNESS FUND.

Totals

Total revenue
$432,540
Total expenses
$22,870
Contributions and grants received
$432,540
Grants paid
$22,870
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$547,131
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$547,131
Program services expenses (Part IX)
$22,870
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$22,870

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.

  • 1f · All other contributions, gifts and grants

    $432,540

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,870 · program services $22,870

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $137,462 · end of year $547,131

  • 27 · Net assets without donor restrictions

    beginning of year $137,462 · end of year $546,531

  • 28 · Net assets with donor restrictions

    end of year $600

Mission and programs · 2023

Mission

TRAVIS CREDIT UNION'S COMMUNITY FINANCIAL WELLNESS FUND IS COMMITTED TO BUILDING FINANCIALLY EMPOWERED COMMUNITIES. THEIR VISION IS TO CREATE PHILANTHROPIC SOLUTIONS FOR BUILDING SUSTAINABLE FINANCIAL WELLNESS IN COMMUNITIES FOR GENERATIONS TO COME. THE FOUNDATION RAISES FUNDS FOR FINANCIAL EDUCATION INITIATIVES AND RESOURCES, SCHOLARSHIPS FOR YOUTH AND ADULTS AND DISASTER RELIEF.

Activities or mission (Part I)

DEDICATED TO BUILDING AUTHENTIC COMMUNITY IMPACT BY IMPROVING FINANCIAL LITERACY

  • SINCE THE PROGRAM WAS LAUNCHED, THE TRAVIS CREDIT UNION'S COMMUNITY FINANCIAL WELLNESS FUND HAS RAISED MORE THAN $1M FOR THE COVID-19 RELIEF INITIATIVE, WHICH WAS MATCHED BY TRAVIS CREDIT UNION. OVER $2M DISTRIBUTED TO 83 LOCAL NON-PROFIT ORGANIZATIONS IN 12 COUNTIES, MANY OF WHOM ARE PROVIDING RESOURCES AND SERVICES TO INDIVIDUALS AND FAMILIES IMPACTED BY THE PANDEMIC. ONE HUNDRED PERCENT OF ALL DONATIONS WENT DIRECTLY TO RELIEF EFFORTS.

    Expenses $22,870 · Grants $22,870

  • THE TRAVIS CREDIT UNION'S COMMUNITY FINANCIAL WELLNESS FUND ALSO LAUNCHED LOCAL WILDFIRES RELIEF PROGRAM TO BRING IMMEDIDATE FINANCIAL ASSISTANCE TO THE VICTIMS, FIREFIGHTERS AND COMMUNITIES THAT HAVE BEEN AFFECTED BY THE WILDFIRES. TRAVIS CREDIT UNION IS COVERING ALL ADMINISTRATIVE COSTS, SO THAT 100 PERCENT OF ALL DONATIONS WILL GO DIRECTLY TOWARDS SUPPORTING RECOVERY EFFORTS IN THE LOCAL SERVICE AREA.

  • IN 2023, TRAVIS CREDIT UNION FOCUSED ON PROGRAM DEVELOPMENT AND DISTRIBUTED FREE FINANCIAL LITERACY MATERIALS TO MILITARY MEMBERS AND NON-PROFIT ORGANIZATIONS. THESE EFFORTS LAID THE GROUNDWORK FOR NEW PROGRAMS LAUNCHING IN 2024, AIMED AT EXPANDING FINANCIAL EDUCATION AND RESOURCE ACCESS.

  • THE TRAVIS CREDIT UNION'S COMMUNITY FINANCIAL WELLNESS FUND HAS RAISED OVER $20,000 TO SUPPORT VACAVILLE CHRISTMAS WISH AND CHILDREN'S MIRACLE NETWORK. TCUF ALSO PROVIDED SCHOLARSHIPS FOR YOUTH AND ADULTS FROM UNDERSERVED COMMUNITIES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEVIN MILLER

    CHAIRMAN

    Total calculated
    $967,749
    From this org
    $0
    From related orgs
    $908,743
    Other
    $59,006
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $693,339 related
    Bonus
    $0 + $204,750 related
    Other
    $0 + $10,654 related
    Deferred
    $0 + $26,380 related
    Nontaxable benefits
    $0 + $32,626 related
    Filer's total
    $0 + $967,749 related

  • DAMIAN ALARCON-YOUNG

    VICE CHAIRMAN/PRESIDENT

    Total calculated
    $204,111
    From this org
    $0
    From related orgs
    $184,140
    Other
    $19,971
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,635 related
    Bonus
    $0 + $10,305 related
    Other
    $0 + $7,200 related
    Deferred
    $0 + $9,421 related
    Nontaxable benefits
    $0 + $10,550 related
    Filer's total
    $0 + $204,111 related

  • JESSE LEAVITT

    TREASURER

    Total calculated
    $198,262
    From this org
    $0
    From related orgs
    $174,977
    Other
    $23,285
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,589 related
    Bonus
    $0
    Other
    $0 + $4,388 related
    Deferred
    $0 + $19,341 related
    Nontaxable benefits
    $0 + $3,944 related
    Filer's total
    $0 + $198,262 related

  • JENNIFER BARTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • RICHARD WORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • JANA MODENA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRIS MILNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KARIM ZELENKA

    FOUNDATION MANAGER

    Total calculated
    $118,256
    From this org
    $0
    From related orgs
    $102,855
    Other
    $15,401
    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. 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

  • 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

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202443189349309399

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