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Nonprofiteer
← GECU FOUNDATION

Form 990 for tax year 2022

Filed by GECU FOUNDATION.

Totals

Total revenue
$1,003,675
Total expenses
$893,183
Contributions and grants received
$912,129
Grants paid
$665,157
Program service revenue
$0
Investment income
$1,254
Other revenue
$90,292
Total assets, end of year
$259,544
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$259,544
Program services expenses (Part IX)
$841,452
Management and general expenses
$51,083
Fundraising expenses
$648
Program service expenses (Part III)
$841,452

Program services were 94.2% 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.

  • 1e · Government grants (contributions)

    $200,000

  • 1f · All other contributions, gifts and grants

    $712,129

  • 3 · Investment income

    total $1,254 · excluded $1,254

  • 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

    $90,392

  • 8b · Fundraising events: direct expenses

    $100

  • 8c · Net income from fundraising events

    total $90,292

  • 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 $665,157 · program services $665,157

  • 2 · Grants to domestic individuals

    total $0

  • 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 $0

  • 11c · Fees: accounting

    total $4,754 · program services $0 · management and general $4,754 · fundraising $0

  • 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 $0

  • 13 · Office expenses

    total $4,209 · program services $1,906 · management and general $1,655 · fundraising $648

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $21,219 · program services $0 · management and general $21,219 · fundraising $0

  • 17 · Travel

    total $0

  • 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 $30 · management and general $30 · fundraising $0

  • 24a · Other expenses: SUBGRANT AWARD

    total $50,000 · program services $50,000 · management and general $0 · fundraising $0

  • 24b · Other expenses: VITA PROGRAM

    total $76,229 · program services $76,229 · management and general $0 · fundraising $0

  • 24c · Other expenses: SECURITY

    total $11,765 · program services $0 · management and general $11,765 · fundraising $0

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $8,734 · program services $8,734 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $51,086 · program services $39,426 · management and general $11,660

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $137,392 · end of year $247,194

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $11,660 · end of year $12,350

  • 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 $0 · end of year $0

  • 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 $145,239 · end of year $259,544

  • 28 · Net assets with donor restrictions

    beginning of year $3,813 · end of year $0

Mission and programs · 2022

Mission

THE GECU FOUNDATION IS THE PHILANTHROPIC ARM OF GECU THAT OPERATES TO ELEVATE THE EL PASO COMMUNITY AND THE CREDIT UNION MOVEMENT THROUGH STRATEGIC FUNDRAISING AND CHARITABLE GIVING. THE GECU FOUNDATION WAS ABLE TO INCREASE ITS FUNDING IN 2022, AND AS A RESULT HAD THE LARGEST NUMBER OF CHARITABLE DONATIONS IN ITS HISTORY. CONTINUING TO SUPPORT NONPROFIT ORGANIZATIONS AND ACCREDITED EDUCATIONAL INSTITUTIONS IS THE CORE FOCUS OF THE FOUNDATION. THIS IS BECAUSE IT FOLLOWS GECU'S PEOPLE HELPING PEOPLE PHILOSOPHY IN ORDER TO HELP ELEVATE THE COMMUNITY WE LIVE IN. IN 2022, THE GECU FOUNDATION WAS ABLE TO SUPPORT COMMUNITY PROGRAMS, FURTHERING EDUCATION, CHARITABLE GIVING, VOLUNTEERISM, SCHOLARSHIPS, FUNDRAISING AND SO MUCH MORE. ONE EXAMPLE IS MI COMUNIDAD CENTER THAT SERVES THE NORTHEAST AREA. IT IS RUN BY AMAZING STAFF AND VOLUNTEERS THAT HELP TO PROVIDE A FOOD PANTRY FOR COUNTLESS FAMILIES, BACKPACK AND SCHOOL SUPPLIES GIVEAWAYS AND MANY OTHER MUCH-NEEDED RESOURCES. TOGETHER WITH THE ORGA

Activities or mission (Part I)

THE GECU FOUNDATION WORKS TO SUPPORT GECU MISSION, GOALS & THE CREDIT UNION MOVEMENT BY SUPPORTING CHARITABLE CAUSES FOCUSING ON ELEVEN DEVELOPMENT ISSUES THAT AFFECT OUR COMMUNITY

  • THE FOUNDATION FUNDED DONATIONS HEALTH ASSISTANCE WITH SEVERAL QUALIFIED ORGANIZATIONS TO GIVE ACCESS TO HEALTH INSURANCE AND QUALITY HEALTH CARE.

    Expenses $63,617 · Grants $63,617

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

    Expenses $211,270 · Grants $211,270

  • THE FOUNDATION SUPPORTED OTHER COMMUNITY CHARITABLE ORGANIZATIONS SUCH AS UNITED WAY OF EL PASO COUNTY, CASA MARIPOSA MIGRATION CRISIS, HOSPICE EL PASO AND PROJECT VIDA TO HEP THE PEOPLE IN OUR COMMUNITY LIVE THEIR BEST LIFE POSSIBLE.

    Expenses $566,565 · Grants $390,270

As filed on the 2022 return. 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

  • Crystal Long

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Valerie Venegas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tomas Sigala Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Grace Vaughn

    TREASURER AND SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Elvira Valles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

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
22 September 2023
IRS schema version
2022v5.0
Source object
202312999349302056

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

The source document this was parsed from is served over the API, which is where bulk and document access live.