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Nonprofiteer
← WPCU SUNSHINE COMMUNITY FUND

Form 990 for tax year 2022

Filed by WPCU SUNSHINE COMMUNITY FUND.

Totals

Total revenue
$529,996
Total expenses
$394,045
Contributions and grants received
$544,493
Grants paid
$323,500
Program service revenue
$0
Investment income
$790
Other revenue
-$15,287
Total assets, end of year
$730,994
Total liabilities, end of year
$824
Net assets or fund balances, end of year
$730,170
Program services expenses (Part IX)
$352,314
Management and general expenses
$25,898
Fundraising expenses
$15,833
Program service expenses (Part III)
$352,314

Program services were 89.4% 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

    $117,799

  • 1d · Related organizations

    $228,332

  • 1f · All other contributions, gifts and grants

    $198,362

  • 1g · Noncash contributions included above

    $6,010

  • 3 · Investment income

    total $790 · excluded $790

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $26,342

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

    $117,799

  • 8b · Fundraising events: direct expenses

    $41,629

  • 8c · Net income from fundraising events

    total -$15,287 · excluded -$15,287

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $284,000 · program services $284,000

  • 2 · Grants to domestic individuals

    total $39,500 · program services $39,500

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $611 · management and general $611

  • 11c · Fees: accounting

    total $6,195 · management and general $6,195

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $24,789 · program services $11,977 · management and general $10,596 · fundraising $2,216

  • 13 · Office expenses

    total $74 · management and general $74

  • 14 · Information technology

    total $24,521 · program services $16,788 · management and general $7,733

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $153 · management and general $153

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: CREDIT CARD FEES

    total $310 · fundraising $310

  • 24b · Other expenses: PRIZES

    total $12,129 · fundraising $12,129

  • 24c · Other expenses: OTHER

    total $1,763 · program services $49 · management and general $536 · fundraising $1,178

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $552,539 · end of year $681,230

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $21,500 · end of year $22,758

  • 4 · Accounts receivable

    beginning of year $18,395 · end of year $19,145

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,080 · end of year $7,861

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $295 · end of year $824

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $594,219 · end of year $730,170

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

DEVELOP AND PROVIDE FINANCIAL LEARNING PROGRAMS, PRODUCTS, AND/OR SERVICES TO ENABLE FINANCIAL WELLBEING FOR ALL AGE GROUPS REGARDLESS OF ECONOMIC & SOCIAL SITUATIONS, BUT WITH AN EMPHASIS ON AREAS SUFFERING FROM FINANCIAL DISPARITIES. FACILITATE AND SUPPORT PROGRAMS THAT PROVIDE FINANCIAL STABILIZATION, MINORITY LENDING AND ENTREPRENEURIALISM WITHIN ECONOMICALLY STRESSED COMMUNITIES. SUPPORT AND DELIVER FINANCIAL WELLBEING PROGRAMS FOR MILITARY MEMBERS, VETERANS, AND THEIR FAMILIES. STRENGTHEN EMERGENCY OR EMERGING FINANCIAL WELLNESS INITIATIVES WITHIN THE COMMUNITIES WE SERVE. RESPOND TO COMMUNITY CRISES AND EMERGING ISSUES INFLUENCING OUR COMMUNITIES' FINANCIAL HEALTH AND WELL-BEING. ADDRESS OPPORTUNITIES FOR ECONOMIC EXPANSION OF THE REGION(S) WPCU SERVES ESPECIALLY IN AREAS THAT WILL BENEFIT THOSE LIVING IN ECONOMICALLY STRESSED COMMUNITIES.

Activities or mission (Part I)

TO STRENGTHEN THE FINANCIAL HEALTH AND WELL-BEING OF THE COMMUNITIES IN WHICH WRIGHT-PATT CREDIT UNION, ITS MEMBERS, AND PARTNER-EMPLOYEES LIVE AND WORK.

  • THE INSPI-RAY-TION COMMITTEE REPRESENTS THE CHARITABLE GIVING VOICES, VALUES AND HOPES OF WRIGHT-PATT CREDIT UNION EMPLOYEES. AS GOOD STEWARDS OF THE FUNDS RAISED BY EMPLOYEES, THIS COMMITTEE IS RESPONSIBLE FOR THE EVALUATION AND RECOMMENDATION OF NONPROFITS THAT WILL RECEIVE GRANTS THROUGHOUT THE YEAR WHILE ENSURING ALIGNMENT WITH THE FINANCIAL SECURITY AND WELLBEING BUILDING BLOCKS.

    Expenses $285,346 · Grants $284,000

  • WPCU SUNSHINE COMMUNITY FUND MANAGES THE FOLLOWING FUNDS: 1. MONEYMAGNIFIER - ENHANCE FINANCIAL CAPABILITY DEVELOPMENT AMONG K-COLLEGE STUDENTS, WITH INTENTIONAL EFFORTS GIVEN TO ENGAGE STUDENTS WHO ARE UNDERSERVED, COLLEGE-BOUND OR CURRENTLY IN COLLEGE AND LIVING WITHIN THE COMMUNITIES WPCU SERVES MONEYMAGNIFIER FEATURES A VARIETY OF FINANCIAL LEARNING ACTIVITES, PROGRAMS AND CLASSROOM PRESENTATIONS TO ENABLE STUDENTS' FINANCIAL LITERACY TODAY AND FOSTER FINIANCIALLY SECURE ADULTS IN THE FUTURE. 2. MANAGING YOUR FINANCES THROUGH CANCER - FINANCIAL LEARNING PROGRAM FOR PATIENTS WHO ARE DIAGNOSED WITH CANCER (ESPECIALLY STAGE 4 CANCER) IN THE DAYTON REGION. USING A COMBINATION OF ONE-ON-ONE COACHING, HANDS-ON TOOLS AND SELF-SERVE TECHNOLOGY, THE HYBRID FINANCIAL LEARNING PROGRAM INCLUDES AN INITIAL FINANCIAL EVALUATION/NEEDS ASSESSMENT TO DETERMINE IMMEDIATE NEXT STEPS FOR NEWLY DIAGNOSED CANCER PATIENTS AND THOSE WHO SURVIVE. 3. FIRST-TIME HOMEBUYER DOWN PAYMENT ASSISTANCE PROGRAM - PROVIDE GRANTS TO FIRST-TIME HOMEBUYERS WHO FALL BELOW A CERTAIN INCOME LEVEL. 4. DOUGLAS A. FECHER LEARNING IN EXCELLENCE SCHOLARSHIP PROGRAM - PROVIDES SCHOLARSHIPS TO STUDENTS IN NEED THAT ATTEND WRIGHT STATE UNIVERSITY OR THE UNIVERSITY OF CINCINNATI WITH AN OPTION TO RENEW THE SCHOLARSHIP FOR AN ADDITIONAL YEAR.

    Expenses $66,968 · Grants $39,500

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

Listed in Part VII

  • Timothy Mislansky

    BOARD OF TRUSTEE

    Total calculated
    $792,863
    From this org
    $0
    From related orgs
    $694,774
    Other
    $98,089
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $512,820 related
    Bonus
    $0 + $146,510 related
    Other
    $0 + $35,444 related
    Deferred
    $0 + $70,188 related
    Nontaxable benefits
    $0 + $27,901 related
    Filer's total
    $0 + $792,863 related

  • Amy Reilly

    President, Board of Trustee

    Total calculated
    $472,281
    From this org
    $0
    From related orgs
    $430,519
    Other
    $41,762
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,085 related
    Bonus
    $0 + $98,260 related
    Other
    $0 + $38,174 related
    Deferred
    $0 + $23,596 related
    Nontaxable benefits
    $0 + $18,166 related
    Filer's total
    $0 + $472,281 related

  • Tracy Szarzi-Fors

    EXECUTIVE DIRECTOR

    Total calculated
    $326,714
    From this org
    $0
    From related orgs
    $292,652
    Other
    $34,062
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,615 related
    Bonus
    $0 + $60,760 related
    Other
    $0 + $34,277 related
    Deferred
    $0 + $20,171 related
    Nontaxable benefits
    $0 + $13,891 related
    Filer's total
    $0 + $326,714 related

  • Chuck Showell

    BOARD OF TRUSTEE

    Total calculated
    $15,663
    From this org
    $0
    From related orgs
    $15,663
    Other
    $0
    Hours/week
    1 + 2 related

  • Dave Ramey

    BOARD OF TRUSTEE-START 1/1/22

    Total calculated
    $0
    Hours/week
    1

  • Cassie Barlow

    VP. BOARD OF TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dianne Farrell

    BOARD OF TRUSTEE-START 1/1/22

    Total calculated
    $0
    Hours/week
    1

  • Karin Vanzant

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
PROCESS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: THE COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATION WRIGHT-PATT CREDIT UNION.
SCHEDULE J, PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: TIMOTHY MISLANSKY PARTICIPATED IN A 457F PLAN AS OF 1/1/2022. FOR 2022 $45,788 WAS CONTRIBUTED.

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.

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303079349302900

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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