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 SwoffordSTEVE 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 DariaSUSAN DARIA
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Gladys B JonesGLADYS B JONES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kelley PorterKELLEY 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 CrockerSARA 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
-
$106,820
TO PURCHASE FOOD FOR THE SECRET MEAL FOOD PACKS.
-
$78,876
TO PURCHASE FOOD FOR THE SECRET MEAL FOOD PACKS.
-
FEEDING THE GULF COAST FOOD BANK
$24,337
TO PURCHASE FOOD FOR THE SECRET MEAL FOOD PACKS.
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.
-
PROVIDING THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS · AL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322299349301342
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