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Nonprofiteer
← OCCU FOUNDATION INC

Form 990 for tax year 2022

Filed by OCCU FOUNDATION INC.

Totals

Total revenue
$901,213
Total expenses
$937,020
Contributions and grants received
$889,944
Grants paid
$919,498
Program service revenue
$0
Investment income
$6,302
Other revenue
$4,967
Total assets, end of year
$1,190,036
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,190,036
Program services expenses (Part IX)
$922,760
Management and general expenses
$0
Fundraising expenses
$14,260
Program service expenses (Part III)
$922,760

Program services were 98.5% 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

    $170,219

  • 1d · Related organizations

    $564,878

  • 1f · All other contributions, gifts and grants

    $154,847

  • 3 · Investment income

    total $6,302 · excluded $6,302

  • 8a · Fundraising events: gross income

    $14,260

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

    $170,219

  • 8b · Fundraising events: direct expenses

    $9,293

  • 8c · Net income from fundraising events

    total $4,967 · excluded $4,967

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $919,498 · program services $919,498

  • 13 · Office expenses

    total $3,262 · program services $3,262

  • 24a · Other expenses: GOLF TOURNAMENT EXPENSE

    total $14,260 · fundraising $14,260

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $638,079 · end of year $255,971

  • 2 · Savings and temporary cash investments

    beginning of year $587,764 · end of year $934,065

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,225,843 · end of year $1,190,036

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED TO PROVIDE A FOUNDATION FOR PHILANTHROPIC EDUCATION AND CHARITABLE ACTIVITIES FOR IMPROVING THE LIFE OF THE MEMBERS AND EMPLOYEES OF OREGON COMMUNITY CREDIT UNION, ITS SUBSIDIARIES AND CITIZENS OF THE COMMUNITIES THEY SERVE. THE COMPLETE MISSION STATEMENT IS AVAILABLE IN MATERIALS DISTRIBUTED BY CORPORATION.

Activities or mission (Part I)

PROMOTE, MANAGE AND EXECUTE OREGON COMMUNITY CREDIT UNION'S (OCCU) CHARITABLE ACTIVITIES.

  • THE OCCU FOUNDATION DISBURSES FUNDS AND FULFILLS PHILANTHROPIC CHARITABLE GIVING GOALS AND GRANT REQUESTS FROM NON-PROFIT ORGANIZATIONS IN THE COMMUNITIES THAT IT SERVES. THE OCCU FOUNDATION FOCUSES ITS CHARITABLE GIVING ON IMPROVING THE LIVES OF ITS MEMBERS AND THE COMMUNITIES IT SERVES BY SUPPORTING ORGANIZATIONS THAT FOCUS ON FAMILIES, YOUTH, COMMUNITY SUSTAINABILITY AND EDUCATION.

    Expenses $922,760 · Grants $919,498

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

Listed in Part VII

  • Ron Neumann

    BOARD CHAIRMAN

    Total calculated
    $1,039,623
    From this org
    $0
    From related orgs
    $983,826
    Other
    $55,797
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $743,958 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $39,868 related
    Deferred
    $0 + $47,949 related
    Nontaxable benefits
    $0 + $7,848 related
    Filer's total
    $0 + $1,039,623 related

  • Greg Schumacher

    BOARD PRESIDENT

    Total calculated
    $528,942
    From this org
    $0
    From related orgs
    $441,664
    Other
    $87,278
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,970 related
    Bonus
    $0 + $34,294 related
    Other
    $0 + $30,400 related
    Deferred
    $0 + $73,567 related
    Nontaxable benefits
    $0 + $13,711 related
    Filer's total
    $0 + $528,942 related

  • Heather Billings

    BOARD SECRETARY

    Total calculated
    $374,678
    From this org
    $0
    From related orgs
    $300,272
    Other
    $74,406
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,271 related
    Bonus
    $0 + $21,343 related
    Other
    $0 + $28,658 related
    Deferred
    $0 + $63,807 related
    Nontaxable benefits
    $0 + $10,599 related
    Filer's total
    $0 + $374,678 related

  • Brian Alfano

    DIRECTOR

    Total calculated
    $433,084
    From this org
    $0
    From related orgs
    $350,603
    Other
    $82,481
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,648 related
    Bonus
    $0 + $33,566 related
    Other
    $0 + $28,389 related
    Deferred
    $0 + $67,648 related
    Nontaxable benefits
    $0 + $14,833 related
    Filer's total
    $0 + $433,084 related

  • Russ Bernardo

    DIRECTOR

    Total calculated
    $418,258
    From this org
    $0
    From related orgs
    $336,399
    Other
    $81,859
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,009 related
    Bonus
    $0 + $27,248 related
    Other
    $0 + $29,142 related
    Deferred
    $0 + $67,026 related
    Nontaxable benefits
    $0 + $14,833 related
    Filer's total
    $0 + $418,258 related

  • Tracey Keffer

    DIRECTOR

    Total calculated
    $427,802
    From this org
    $0
    From related orgs
    $350,377
    Other
    $77,425
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,970 related
    Bonus
    $0 + $37,051 related
    Other
    $0 + $28,356 related
    Deferred
    $0 + $67,059 related
    Nontaxable benefits
    $0 + $10,366 related
    Filer's total
    $0 + $427,802 related

  • John Schiffer

    BOARD TREASURER

    Total calculated
    $269,890
    From this org
    $0
    From related orgs
    $230,181
    Other
    $39,709
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,596 related
    Bonus
    $0 + $22,840 related
    Other
    $0 + $1,745 related
    Deferred
    $0 + $31,190 related
    Nontaxable benefits
    $0 + $8,519 related
    Filer's total
    $0 + $269,890 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

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
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349315939

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

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