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Nonprofiteer
← OCCU FOUNDATION INC

Form 990 for tax year 2023

Filed by OCCU FOUNDATION INC.

Totals

Total revenue
$689,677
Total expenses
$488,087
Contributions and grants received
$682,171
Grants paid
$483,300
Program service revenue
$0
Investment income
$16,383
Other revenue
-$8,877
Total assets, end of year
$1,391,626
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,391,626
Program services expenses (Part IX)
$488,087
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$488,087

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.

  • 1c · Fundraising events

    $186,712

  • 1d · Related organizations

    $268,243

  • 1f · All other contributions, gifts and grants

    $227,216

  • 3 · Investment income

    total $16,383 · excluded $16,383

  • 8a · Fundraising events: gross income

    $13,340

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

    $186,712

  • 8b · Fundraising events: direct expenses

    $22,217

  • 8c · Net income from fundraising events

    total -$8,877 · excluded -$8,877

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $483,300 · program services $483,300

  • 13 · Office expenses

    total $4,787 · program services $4,787

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $255,971 · end of year $441,178

  • 2 · Savings and temporary cash investments

    beginning of year $934,065 · end of year $950,448

  • 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 $1,190,036 · end of year $1,391,626

Mission and programs · 2023

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 $488,087 · Grants $483,300

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

Listed in Part VII

  • RON NEUMANN

    BOARD CHAIRMAN

    Total calculated
    $1,068,689
    From this org
    $0
    From related orgs
    $1,008,593
    Other
    $60,096
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $793,125 related
    Bonus
    $0 + $155,000 related
    Other
    $0 + $60,468 related
    Deferred
    $0 + $52,199 related
    Nontaxable benefits
    $0 + $7,897 related
    Filer's total
    $0 + $1,068,689 related

  • GREGORY SCHUMACHER

    BOARD PRESIDENT

    Total calculated
    $590,380
    From this org
    $0
    From related orgs
    $479,478
    Other
    $110,902
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,608 related
    Bonus
    $0 + $34,870 related
    Other
    $0 + $33,000 related
    Deferred
    $0 + $96,907 related
    Nontaxable benefits
    $0 + $13,995 related
    Filer's total
    $0 + $590,380 related

  • HEATHER BILLINGS

    BOARD SECRETARY

    Total calculated
    $436,912
    From this org
    $0
    From related orgs
    $344,223
    Other
    $92,689
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,783 related
    Bonus
    $0 + $23,150 related
    Other
    $0 + $38,290 related
    Deferred
    $0 + $81,898 related
    Nontaxable benefits
    $0 + $10,791 related
    Filer's total
    $0 + $436,912 related

  • BRIAN ALFANO

    DIRECTOR

    Total calculated
    $461,211
    From this org
    $0
    From related orgs
    $359,471
    Other
    $101,740
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,315 related
    Bonus
    $0 + $20,927 related
    Other
    $0 + $33,229 related
    Deferred
    $0 + $86,578 related
    Nontaxable benefits
    $0 + $15,162 related
    Filer's total
    $0 + $461,211 related

  • RUSS BERNARDO

    DIRECTOR (THRU 07/23)

    Total calculated
    $540,472
    From this org
    $0
    From related orgs
    $497,141
    Other
    $43,331
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,302 related
    Bonus
    $0 + $20,301 related
    Other
    $0 + $295,538 related
    Deferred
    $0 + $34,486 related
    Nontaxable benefits
    $0 + $8,845 related
    Filer's total
    $0 + $540,472 related

  • TRACEY KEFFER

    DIRECTOR

    Total calculated
    $483,737
    From this org
    $0
    From related orgs
    $389,489
    Other
    $94,248
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,810 related
    Bonus
    $0 + $26,360 related
    Other
    $0 + $31,319 related
    Deferred
    $0 + $85,549 related
    Nontaxable benefits
    $0 + $8,699 related
    Filer's total
    $0 + $483,737 related

  • JOHN SCHIFFER

    BOARD TREASURER

    Total calculated
    $339,233
    From this org
    $0
    From related orgs
    $276,122
    Other
    $63,111
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,248 related
    Bonus
    $0 + $12,336 related
    Other
    $0 + $25,538 related
    Deferred
    $0 + $54,417 related
    Nontaxable benefits
    $0 + $8,694 related
    Filer's total
    $0 + $339,233 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

  • 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)

PART I, LINE 3
OREGON COMMUNITY CREDIT UNION REVIEWS TOTAL COMPENSATION, INCLUDING BASE PAY, INCENTIVES AND OTHER BENEFITS, IS COMPARED AGAINST BALANCE COMP, CUES EXECUTIVE COMPENSATION PROGRAM, MILLIMAN NW FINANCIAL INDUSTRY SURVEY RESULTS AND OTHER EXECUTIVE PUBLICATIONS/REPORTS. CEO COMPENSATION IS REVIEWED BY THE BOARD PERSONNEL COMMITTEE AND APPROVED BY THE FULL BOARD. COMPENSATION AMOUNTS ARE TRACKED FOR FUTURE REFERENCE. THE LAST FORMAL COMPENSATION COMPARISON REVIEW BY THE ORGANIZATION WAS PERFORMED IN 2022.
PART I, LINE 4B
GREGORY SCHUMACHER, BOARD PRESIDENT, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $44,708 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. TRACEY KEFFER, DIRECTOR, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $33,350 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. BRIAN ALFANO, DIRECTOR, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $34,377 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. HEATHER BILLINGS, BOARD SECRETARY, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $29,699 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. JOHN SCHIFFER, BOARD TREASURER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $16,807 WERE MADE TO THE 457F PLAN IN 2023. NO DISTRIBUTIONS WERE MADE FROM THE PLAN.

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349317696

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

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