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Nonprofiteer
← ALABAMA CREDIT UNION FOUNDATION INC

Form 990 for tax year 2022

Filed by ALABAMA CREDIT UNION FOUNDATION INC.

Totals

Total revenue
$413,492
Total expenses
$210,033
Contributions and grants received
$401,699
Grants paid
$210,033
Program service revenue
$0
Investment income
$923
Other revenue
$10,870
Total assets, end of year
$643,493
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$643,493
Program services expenses (Part IX)
$210,033
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$210,033

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

    $76,947

  • 1f · All other contributions, gifts and grants

    $324,752

  • 3 · Investment income

    total $923 · excluded $923

  • 8a · Fundraising events: gross income

    $29,629

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

    $76,947

  • 8b · Fundraising events: direct expenses

    $18,759

  • 8c · Net income from fundraising events

    total $10,870 · excluded $10,870

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,033 · program services $210,033

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $440,034 · end of year $643,493

  • 27 · Net assets without donor restrictions

    beginning of year $440,034 · end of year $643,493

Mission and programs · 2022

Mission

THE ALABAMA CREDIT UNION FOUNDATION IS DEDICATED TO STRENGTHENING THE COMMUNITY AND IMPROVING THE QUALITY OF LIFE BOTH NOW AND FOR FUTURE GENERATIONS. THE ORGANIZATION IS A VEHICLE FOR PRIVATE DONORS TO MAKE A LASTING CONTRIBUTION TO OUR COMMUNITY. THE ORGANIZATION FULFILLS ITS MISSION BY EDUCATING THE PUBLIC ABOUT THE PRACTICE OF PHILANTHROPY AND ITS BENEFITS BOTH TO DONORS AND TO THE COMMUNITY, AND SERVES AS A CATALYST AND RESOURCE TO EFFECTIVELY RESPOND TO COMMUNITY PROBLEMS.

Activities or mission (Part I)

TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY

  • THE ORGANIZATION DEVELOPED THE "SECRET MEALS FOR HUNGRY CHILDREN" PROGRAM THROUGH PARTNERSHIPS WITH LOCAL FOOD BANKS WITH THE OBJECTIVE OF ADDRESSING THE ISSUE OF HUNGER FACING ELEMENTARY SCHOOL CHILDREN. THE PROGRAM SERVES MANY CHILDREN RECEIVING FREE OR REDUCED COST MEALS AT SCHOOL, BUT THE PROGRAM IS OPEN TO ANY CHILD IDENTIFIED BY SCHOOL OFFICIALS AS GOING HUNGRY OVER THE WEEKEND. THE SECRET MEALS PROGRAM SUPPLIES IDENTIFIED UNDER-NOURISHED ELEMENTARY SCHOOL-AGED CHILDREN WITH A 3.5 POUND FOOD PACKS IN THEIR BACKPACKS EVERY FRIDAY THROUGHOUT THE SCHOOL YEAR TO SUSTAIN THEM DURING THE WEEKEND FEEDING GAPS WHEN THEIR SCHOOL'S FREE/REDUCED COST MEALS ARE NOT AVAILABLE. THIS IS DONE ANONYMOUSLY, WHILE THE CHILDREN ARE OUT OF THE CLASSROOM, TO PREVENT THE CHILD FROM BEING SINGLED OUT OR MADE TO FEEL UNCOMFORTABLE. THE PROGRAM SERVES OVER 2,000 CHILDREN ACROSS SEVERAL COUNTIES IN ALABAMA.

    Expenses $210,033 · Grants $210,033

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

Listed in Part VII

  • Steve Swofford

    PRESIDENT

    Total calculated
    $465,069
    From this org
    $0
    From related orgs
    $420,223
    Other
    $44,846
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,000 related
    Bonus
    $0 + $16,000 related
    Other
    $0 + $4,223 related
    Deferred
    $0 + $37,477 related
    Nontaxable benefits
    $0 + $7,369 related
    Filer's total
    $0 + $465,069 related
  • Susan Daria

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Gladys B Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Kelley Porter

    TREASURER

    Total calculated
    $159,250
    From this org
    $0
    From related orgs
    $143,161
    Other
    $16,089
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,186 related
    Bonus
    $0 + $7,588 related
    Other
    $0 + $6,387 related
    Deferred
    $0 + $14,086 related
    Nontaxable benefits
    $0 + $2,003 related
    Filer's total
    $0 + $159,250 related
  • Sara H Crocker

    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

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

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
2 August 2023
IRS schema version
2022v5.0
Source object
202322299349301342

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