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Nonprofiteer
← FINANCIAL RESOURCES FCU FOUNDATIONSINC

Form 990 for tax year 2025

Filed by FINANCIAL RESOURCES FCU FOUNDATIONSINC.

Totals

Total revenue
$253,471
Total expenses
$68,229
Contributions and grants received
$276,663
Grants paid
$65,010
Program service revenue
$0
Investment income
$2,824
Other revenue
-$26,016
Total assets, end of year
$303,894
Total liabilities, end of year
$5,842
Net assets or fund balances, end of year
$298,052
Program services expenses (Part IX)
$65,010
Management and general expenses
$3,219
Fundraising expenses
$0
Program service expenses (Part III)
$65,010

Program services were 95.3% 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

    $96,125

  • 1f · All other contributions, gifts and grants

    $180,538

  • 3 · Investment income

    total $2,824 · excluded $2,824

  • 8a · Fundraising events: gross income

    $0

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

    $96,125

  • 8b · Fundraising events: direct expenses

    $28,683

  • 8c · Net income from fundraising events

    total -$28,683 · excluded -$28,683

  • 9a · Gaming: gross income

    $3,167

  • 9b · Gaming: direct expenses

    $500

  • 9c · Net income from gaming

    total $2,667 · excluded $2,667

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,010 · program services $62,010

  • 2 · Grants to domestic individuals

    total $3,000 · program services $3,000

  • 11c · Fees: accounting

    total $2,381 · management and general $2,381

  • 14 · Information technology

    total $390 · management and general $390

  • 24a · Other expenses: VENDING MACHINE EXPENSE

    total $448 · management and general $448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,913 · end of year $20,826

  • 2 · Savings and temporary cash investments

    beginning of year $79,739 · end of year $283,068

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,842 · end of year $5,842

  • 27 · Net assets without donor restrictions

    beginning of year $74,310 · end of year $260,052

  • 28 · Net assets with donor restrictions

    beginning of year $38,500 · end of year $38,000

Mission and programs · 2025

Mission

THE CORPORATION (FOUNDATION) HAS BEEN ORGANIZED EXCLUSIVELY FOR THE CHARITABLE RELIGIOUS, AND SCIENTIFIC PURPOSES, WITHIN THE MEANING OF SECTIONS 501(3) AND 170(2) OF THE IRS CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRS CODE.

  • 2025 CHARITY EVENT WAS AT SOMERSET PARK WITH PROCEEDS BENEFITTING ELIJAH'S PROMISE AS WELL AS OTHER LOCAL CHARITIES (SEE FINANCIAL STATEMENT) AND SCHOLARSHIPS (LISTED HERE AND ON FINANCIAL STATEMENT). ELIJAH'S PROMISE ASSISTS WITH FOOD COSTS AND OPERATIONS TO EXPAND THE CULINARY SCHOOL.

    Expenses $26,510 · Grants $26,510

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $34,000 · Grants $34,000

  • THREE $1,000.00 SCHOLARSHIPS WERE AWARDED IN 2025. THE APPLICANTS MUST BE A MEMBER IN GOOD STANDING OF FINANCIAL RESOURCES FEDERAL CREDIT UNION OR RESIDE IN SOMERSET, HUNTERDON OR MIDDLESEX COUNTIES AND MUST BE ENROLLED AS A HIGH SCHOOL SENIOR AT THE TIME THE APPLICATION IS FILLED OUT. THE SCHOLARSHIP FUND MUST BE USED FOR TUITION OR TEXTBOOKS AND ONLY AT AN ACCREDITED EDUCATIONAL INSTITUTION. THE SIGNED APPLICATION MUST BE SUBMITTED WITH AN OFFICIAL HIGH SCHOOL TRANSCRIPT, AN SAT/ACT TRANSCRIPT PROVIDED THROUGH THE STUDENT'S SCHOOL GUIDANCE OFFICE AND THE TEACHER REFERENCE PORTION OF THE APPLICATION, COMPLETED BY ONE OF THE APPLICANT'S TEACHERS AND RETURNED IN A SEALED, SIGNED ENVELOPE. JUDGING IS BASED ON ACADEMIC PERFORMANCE, COMMUNITY SERVICE / INVOLVEMENT, TEACHER REFERENCE AND PERSONAL GOALS.

    Expenses $3,000 · Grants $3,000

  • FINANCIAL RESOURCES FCU DEVELOPED THE "WE'RE HERE FOR YOU" PROGRAM TO PROVIDE EMERGENCY GRANTS TO EMPLOYEES.

    Expenses $1,500 · Grants $1,500

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • FRANK ALMEIDA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BRIAN DEMCSAK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN MAVRICOS

    TREASURER

    Total calculated
    $0
    Hours/week
    1.25

  • BETH MOLINARO

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • CHARLES MAZZA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS O'SULLIVAN

    DIRECTOR

    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.

Grants on this return

  • ELIJAH'S PROMISE

    $26,510

    TO PROVIDE SUPPORT ELIJAH'S PROMISE THAT ASSISTS WITH FOOD COSTS AND OPERATIONS TO EXPAND THE CULLINARY SCHOOL.

  • SAFE SOUND SOMERSET

    $5,000

    DAY OF GIVING DONATION TO HELP WITH DOMESTIC VIOLENCE CAMPAIGNS.

  • CENTER FOR GREAT EXPECTATIONS

    $5,000

    DONATION TO HELP WITH THE MISSION TO CREATE A SAFE SPACE, SAFE PRESENSE AND SAFE PATH FOR HOMELESS WOMEN WHO ARE PREGNANT AND PARENTING.

  • THERAYOUTH FOUNDATION

    $5,000

    DONATION TO ASSIST WITH HELPING CHILDREN IN UNDERSERVED COMMUNITIES OVERCOME PHYSICAL AND DEVELOPMENTAL BARRIERS THROUGH OUTPATIENT THERAPY.

Provenance

Return type
form_990
Tax year
2025
Filed
16 April 2026
IRS schema version
2025v4.1
Source object
202611119349300411

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