Skip to content
Nonprofiteer
← AFRICAN AMERICAN CREDIT UNION COALITION

Form 990 for tax year 2023

Filed by AFRICAN AMERICAN CREDIT UNION COALITION.

Totals

Total revenue
$2,475,988
Total expenses
$2,558,886
Contributions and grants received
$118,631
Grants paid
$28,000
Program service revenue
$2,183,408
Investment income
$10,086
Other revenue
$163,863
Total assets, end of year
$452,507
Total liabilities, end of year
$235,380
Net assets or fund balances, end of year
$217,127
Program services expenses (Part IX)
$1,615,426
Management and general expenses
$556,922
Fundraising expenses
$386,538
Program service expenses (Part III)
$1,615,426

Program services were 63.1% 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.

  • 1e · Government grants (contributions)

    $82,437

  • 1f · All other contributions, gifts and grants

    $36,194

  • 2a · Program service revenue: CORPORATE PARTNER SUPP

    total $1,269,756 · related or exempt $1,269,756

  • 2b · Program service revenue: CONFERENCE DUES

    total $670,556 · related or exempt $670,556

  • 2c · Program service revenue: MEMBERSHIP INCOME

    total $243,096 · related or exempt $243,096

  • 3 · Investment income

    total $10,086 · excluded $10,086

  • 11a · Other revenue: IN-KIND DONATION (RENT

    total $87,967 · related or exempt $87,967

  • 11b · Other revenue: OTHER INCOME

    total $75,896 · related or exempt $75,896

  • 11e · Other revenue, total

    $163,863

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,000 · program services $28,000

  • 5 · Compensation of officers, directors and key employees

    total $288,096 · program services $161,285 · management and general $65,696 · fundraising $61,115

  • 7 · Other salaries and wages

    total $373,871 · program services $209,304 · management and general $85,256 · fundraising $79,311

  • 9 · Other employee benefits

    total $76,441 · program services $42,794 · management and general $17,431 · fundraising $16,216

  • 10 · Payroll taxes

    total $32,575 · program services $18,237 · management and general $7,428 · fundraising $6,910

  • 11c · Fees: accounting

    total $31,249 · program services $1,157 · management and general $28,935 · fundraising $1,157

  • 11g · Fees: other

    total $308,590 · program services $229,660 · management and general $2,315 · fundraising $76,615

  • 12 · Advertising and promotion

    total $39,511 · program services $29,633 · fundraising $9,878

  • 13 · Office expenses

    total $61,681 · program services $1,156 · management and general $53,856 · fundraising $6,669

  • 14 · Information technology

    total $3,756 · program services $70 · management and general $3,280 · fundraising $406

  • 16 · Occupancy

    total $93,966 · program services $1,761 · management and general $82,045 · fundraising $10,160

  • 17 · Travel

    total $115,015 · program services $23,003 · fundraising $92,012

  • 19 · Conferences, conventions and meetings

    total $41,450 · program services $777 · management and general $36,191 · fundraising $4,482

  • 23 · Insurance

    total $5,884 · program services $110 · management and general $5,138 · fundraising $636

  • 24a · Other expenses: EVENT/PROGRAM EXPENSES

    total $592,518 · program services $592,518

  • 24b · Other expenses: ANNUAL CONFERENCE

    total $272,323 · program services $272,323

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $152,775 · program services $2,865 · management and general $133,392 · fundraising $16,518

  • 24d · Other expenses: CHAPTER PROGRAM EXPENSE

    total $17,350 · program services $325 · management and general $15,149 · fundraising $1,876

  • 24e · All other expenses

    total $23,835 · program services $448 · management and general $20,810 · fundraising $2,577

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,843 · end of year $148,879

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $243,637

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,002 · end of year $11,504

  • 11 · Investments: publicly traded securities

    beginning of year $41,180 · end of year $48,487

  • 17 · Accounts payable and accrued expenses

    end of year $60,380

  • 19 · Deferred revenue

    end of year $175,000

  • 27 · Net assets without donor restrictions

    beginning of year $189,763 · end of year $105,365

  • 28 · Net assets with donor restrictions

    beginning of year $110,262 · end of year $111,762

Mission and programs · 2023

Mission

AFRICAN AMERICAN CREDIT UNION COALITION'S MISSION STATEMENT IS TO INCREASE DIVERSITY WITHIN THE CREDIT UNION COMMUNITY THROUGH ADVOCACY AND PROFESSIONAL DEVELOPMENT.

  • THE BOARD-READY TRAINING SERIES WAS DESIGNED TO HELP ENHANCE LEADERSHIP SKILLS AND PREPARE BOARD MEMBERS TO SERVE WITH IMPACT ON NONPROFIT BOARDS WITHIN THE COMMUNITY

    Expenses $14,000 · Revenue $2,500

  • THE DEI LEADERSHIP ACADEMY WAS ESTABLISHED FOR FINANCIAL PROFESSIONALS AND IS DESIGNED TO INSPIRE AND EMPOWER FINANCIAL PROFESSIONALS TO LEAD WITH A MINDSET OF DIVERSITY, EQUITY, AND INCLUSION TO BETTER REPRESENT AND SERVE THE GLOBAL COMMUNITIES WE SERVE.

    Expenses $736,585 · Revenue $10,196

  • CONFERENCES WERE HELD DURING THE YEAR TO PROMOTE INTERNSHIP AND MENTORSHIP PROGRAMS AND TO CREATE OPPORTUNITIES FOR VARIOUS CREDIT UNIONS AND CREDIT UNION PROVIDERS TO MEET AND WORK WITH ONE ANOTHER.

    Expenses $864,841 · Grants $28,000 · Revenue $657,860

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

Listed in Part VII

  • Whitney M Anderson

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tracey Jackson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Priscilla Awkard

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Marvin T York

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Timothy L Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Bissell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sharon Camper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Delana Huling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Adrian S Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ty Muse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gary J Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lynette W Smith

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Ed Presnell

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Cathryn Sattiewhite

    PRESIDENT/CEO

    Total calculated
    $193,027
    From this org
    $183,097
    From related orgs
    $0
    Other
    $9,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,257
    Bonus
    $11,000
    Other
    $840
    Deferred
    $0
    Nontaxable benefits
    $9,930
    Filer's total
    $193,027

  • Dohnia Dorman

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $114,295
    From this org
    $105,000
    From related orgs
    $0
    Other
    $9,295
    Hours/week
    40

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

  • WORLD COUNCIL OF CREDIT UNIONS INC

    $11,000

    TO SUPPORT ITS MISSION OF HELPING THE WORLD'S WORKING POOR IMPROVE THEIR LIVES THROUGH QUALITY CREDIT UNIONS.

  • AMERICA'S CREDIT UNION MUSEUM FOUNDATION

    $10,000

    TO SUPPORT THE EXHIBIT CHRONICLING THE CREDIT UNION HISTORY OF AFRICAN AMERICAN.

Provenance

Return type
form_990
Tax year
2023
Filed
30 September 2024
IRS schema version
2023v5.1
Source object
202412769349301201

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.