Form 990 for tax year 2025
Filed by CAROLINAS CREDIT UNION FOUNDATION INC.
Totals
- Total revenue
- $2,438,668
- Total expenses
- $2,778,083
- Contributions and grants received
- $2,263,070
- Grants paid
- $2,215,499
- Program service revenue
- $0
- Investment income
- $124,800
- Other revenue
- $50,798
- Total assets, end of year
- $5,548,264
- Total liabilities, end of year
- $158,304
- Net assets or fund balances, end of year
- $5,389,960
- Program services expenses (Part IX)
- $2,514,321
- Management and general expenses
- $182,611
- Fundraising expenses
- $81,151
- Program service expenses (Part III)
- $2,514,321
Program services were 90.5% 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
$114,000
-
1f · All other contributions, gifts and grants
$2,149,070
-
1g · Noncash contributions included above
$30,000
-
3 · Investment income
total $124,800 · excluded $124,800
-
8a · Fundraising events: gross income
$206,393
-
8a · Fundraising events: contributions included on line 1c
$114,000
-
8b · Fundraising events: direct expenses
$155,595
-
8c · Net income from fundraising events
total $50,798 · excluded $50,798
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,322,256 · program services $1,322,256
-
2 · Grants to domestic individuals
total $893,243 · program services $893,243
-
7 · Other salaries and wages
total $282,965 · program services $183,927 · management and general $56,593 · fundraising $42,445
-
9 · Other employee benefits
total $63,397 · program services $41,208 · management and general $12,679 · fundraising $9,510
-
10 · Payroll taxes
total $25,611 · program services $16,647 · management and general $5,122 · fundraising $3,842
-
11c · Fees: accounting
total $12,900 · management and general $12,900
-
11g · Fees: other
total $5,778 · program services $3,741 · management and general $1,164 · fundraising $873
-
13 · Office expenses
total $1,669 · program services $1,085 · management and general $334 · fundraising $250
-
14 · Information technology
total $70,748 · program services $45,986 · management and general $14,150 · fundraising $10,612
-
16 · Occupancy
total $9,581 · program services $6,228 · management and general $1,916 · fundraising $1,437
-
17 · Travel
total $28,779 · management and general $16,597 · fundraising $12,182
-
19 · Conferences, conventions and meetings
total $38,873 · management and general $38,873
-
22 · Depreciation, depletion and amortization
total $17,981 · management and general $17,981
-
23 · Insurance
total $4,302 · management and general $4,302
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,364,661 · end of year $2,612,245
-
2 · Savings and temporary cash investments
end of year $1,000,000
-
4 · Accounts receivable
beginning of year $98,083 · end of year $487,240
-
10a · Land, buildings and equipment: cost or other basis
$103,241
-
10b · Land, buildings and equipment: accumulated depreciation
$59,146
-
10c · Land, buildings and equipment, net
beginning of year $34,247 · end of year $44,095
-
12 · Investments: other securities
beginning of year $1,226,159 · end of year $1,404,684
-
17 · Accounts payable and accrued expenses
beginning of year $154,061 · end of year $156,104
-
19 · Deferred revenue
beginning of year $18,239 · end of year $2,200
-
27 · Net assets without donor restrictions
beginning of year $5,550,850 · end of year $5,389,960
Mission and programs · 2025
Mission
TO PROVIDE EDUCATIONAL SCHOLARSHIPS, AND TO PROVIDE ASSISTANCE TO CREDIT UNIONS IN NORTH AND SOUTH CAROLINA, AND SPECIAL PROJECTS.
Activities or mission (Part I)
ASSIST CREDIT UNIONS WITH CHARITABLE GIVING BY PROVIDING SCHOLARSHIPS AND COMMUNITY GRANTS.
-
OUR FOUNDATION SERVES AS A PHILANTROPIC PARTNER TO ALL CREDIT UNIONS IN THE CAROLINAS THROUGH: EMPOWERING SOCIAL RESPONSIBILITY EFFORTS THAT ARE SELF- DIRECTED BY CREDIT UNIONS, CHAPTERS AND BUSINESS PARTNERS; INSPIRING CREDIT UNIONS BY SHARING AND CELEBRATING PHILANTHROPIC EFFORTS; AND COLLABORATING ON PROGRAMS AND PROJECTS THAT SUPPORT OUR COOPERATIVE PRINCIPLE OF CONCERN FOR THE COMMUNITY. OUR MISSION IS TO EMPOWER AND INSPIRE CREDIT UNIONS IN THE CAROLINAS THROUGH COLLABORATIVE OPPORUNITIES TO ENRICH OUR COMMUNITIES.
Expenses $2,514,321 · Grants $2,215,499
As filed on the 2025 return.
Listed in Part VII
-
Lauren WhaleyLAUREN WHALEY
EXECUTIVE DI
- Total calculated
- $219,757
- From this org
- $180,348
- From related orgs
- $0
- Other
- $39,409
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,792
- Bonus
- $15,960
- Other
- $1,596
- Deferred
- $36,272
- Nontaxable benefits
- $3,137
- Filer's total
- $219,757
-
Jessica BakerJESSICA BAKER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Creighton BlackwellCREIGHTON BLACKWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jama CampbellJAMA CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Genice DecorteGENICE DECORTE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Frankie DedonatoFRANKIE DEDONATO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Fred EiselFRED EISEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terri HendrixTERRI HENDRIX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe McCainJOE MCCAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Precious McCloudPRECIOUS MCCLOUD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Liz PonderLIZ PONDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ashley RuffinASHLEY RUFFIN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dan SchlineDAN SCHLINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda WeatherfordLINDA WEATHERFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sam WhitehurstSAM WHITEHURST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott WoodsSCOTT WOODS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Independent compensation consultant
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
-
CIVIC FOUNDATION
$130,400
GENERAL SUPPORT
-
UNC CHAPEL HILL
$88,000
GENERAL SUPPORT
-
TRULIANT FCU
$55,000
GENERAL SUPPORT
-
UNIVERSITY OF SOUTH CAROLINA
$55,000
GENEAL SUPPORT
-
NORTH CAROLINA STATE UNIVERSITY
$44,500
GENERAL SUPPORT
-
SPC CREDIT UNION
$40,000
GENERAL SUPPORT
-
CLEMSON UNIVERSITY
$36,500
GENERAL SUPPORT
-
GALA HOTEL ACCRUAL
$36,186
GENERAL SUPPORT
-
UNC CHARLOTTE
$35,000
GENERAL SUPPORT
-
NCRGOG
$30,000
GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 23 June 2026
- IRS schema version
- 2025v4.0
- Source object
- 202612259349301091
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