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Nonprofiteer
← MICHIGAN CREDIT UNION FOUNDATION

Form 990 for tax year 2024

Filed by MICHIGAN CREDIT UNION FOUNDATION.

Totals

Total revenue
$396,924
Total expenses
$312,316
Contributions and grants received
$331,855
Grants paid
$111,165
Program service revenue
$0
Investment income
$65,069
Other revenue
$0
Total assets, end of year
$1,366,786
Total liabilities, end of year
$8,363
Net assets or fund balances, end of year
$1,358,423
Program services expenses (Part IX)
$284,442
Management and general expenses
$12,531
Fundraising expenses
$15,343
Program service expenses (Part III)
$284,442

Program services were 91.1% 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.

  • 1d · Related organizations

    $29,750

  • 1f · All other contributions, gifts and grants

    $302,105

  • 3 · Investment income

    total $65,069 · excluded $65,069

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $111,165 · program services $111,165

  • 11c · Fees: accounting

    total $5,560 · management and general $5,560

  • 11g · Fees: other

    total $21 · management and general $21

  • 17 · Travel

    total $6,282 · program services $5,654 · management and general $628

  • 24a · Other expenses: FINANCIAL EDUCATION AND

    total $101,276 · program services $101,276

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $47,800 · program services $47,800

  • 24c · Other expenses: MARKETING MATERIALS

    total $21,919 · program services $2,192 · management and general $4,384 · fundraising $15,343

  • 24d · Other expenses: CU ASSISTANCE AND DEI P

    total $7,500 · program services $7,500

  • 24e · All other expenses

    total $10,793 · program services $8,855 · management and general $1,938

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $692,881 · end of year $844,232

  • 12 · Investments: other securities

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

  • 15 · Other assets

    beginning of year $91,169 · end of year $22,554

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,235 · end of year $8,363

  • 27 · Net assets without donor restrictions

    beginning of year $1,098,043 · end of year $1,257,126

  • 28 · Net assets with donor restrictions

    beginning of year $175,772 · end of year $101,297

Mission and programs · 2024

Mission

COOPERATIVELY EMPOWERING CREDIT UNIONS TO INCREASE FINANCIAL WELL-BEING BY SUPPORTING COMMUNITY ENRICHMENT, FINANCIAL EDUCATION, AND CREDIT UNION DEVELOPMENT INITIATIVES

  • PROVIDE AWARDS, GRANTS AND SCHOLARSHIPS TO ORGANIZATIONS AND INDIVIDUALS ON BEHALF OF THE CREDIT UNION MOVEMENT.

    Expenses $284,442 · Grants $111,165

As filed on the 2024 return.

Listed in Part VII

  • KYLE GURZYNSKI

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • DAVE BRANDT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • CHRISSY SIDERS

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • BRIDGET STAFFILENO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JENNIFER MARTINES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DEBI SOUTHWORTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JENNIFER WATSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KIERAN MARION

    DIRECTOR

    Total calculated
    $243,281
    From this org
    $0
    From related orgs
    $214,229
    Other
    $29,052
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,229 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,474 related
    Nontaxable benefits
    $0 + $18,578 related
    Filer's total
    $0 + $243,281 related

  • KATE HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DELEANNA ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BRENDA LIPPENS

    DIRECTOR UNTIL 12/2024

    Total calculated
    $0
    Hours/week
    5

  • BETH TROOST

    FOUNDATION PROJECT MANAGER THRU 9/24

    Total calculated
    $37,287
    From this org
    $0
    From related orgs
    $35,511
    Other
    $1,776
    Hours/week
    30 + 40 related

  • ANDREA TUCKER

    EXECUTIVE DIRECTOR

    Total calculated
    $90,590
    From this org
    $0
    From related orgs
    $69,249
    Other
    $21,341
    Hours/week
    30 + 40 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
THE EXECUTIVE DIRECTOR IS COMPENSATED BY A RELATED ORGANIZATION WITH SALARY DETERMINED BY THE RELATED ORGANIZATION'S POLICY AND REVIEW PROCEDURES.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533209349300903

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