Northwest Federal Credit Union Foundation
- Assets
- $1.6m
- Revenue
- $380.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-2945601
Organization Overview
Northwest Federal Credit Union Foundation is located in Herndon, VA. The organization was established in 2006. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Federal Credit Union Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Northwest Federal Credit Union Foundation generated $380.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $194.6k during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER YOUTH TO ACHIEVE THEIR GOALS BY HELPING THEM LEARN AND CELEBRATE LIFE AND BY SUPPORTING THEIR HEALTH AND WELLBEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020 AWARDED 26 5,000.00 SCHOLARSHIPS TO ASPIRING STUDENT MEMBERS OF NWFCU.
PROVIDED CHARITABLE CONTRIBUTIONS TO OTHER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Bentley Chairman | OfficerTrustee | 1 | $0 |
Eric Stackman Vice Chairma | OfficerTrustee | 1 | $0 |
Dawn Eilenberger Secretary/tr | OfficerTrustee | 1 | $0 |
Mary Kaye Childress Exec Directo | OfficerTrustee | 40 | $0 |
Juri Valdov Director | Trustee | 1 | $0 |
Mary Defelice Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $133,016 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,533 |
| Total Program Service Revenue | $1,151 |
| Investment income | $74,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$27,363 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $380,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| Grants and other assistance to domestic individuals. | $125,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $7,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $194,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $430 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,730 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $973,334 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,886 |
| Total assets | $1,571,778 |
| Accounts payable and accrued expenses | $6,188 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,188 |
| Net assets without donor restrictions | $1,452,454 |
| Net assets with donor restrictions | $113,136 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,571,778 |
Grants Awarded
Over the last fiscal year, Northwest Federal Credit Union Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN VIRGINIA COMMUNITY COLLEGE | | | $20,000 |
INOVA CARES CLINIC FOR CHILDREN | | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northwest Federal Credit Union Foundation has recieved totaling $50,720.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $50,621 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carlos Rosario International Public Charter School Washington, DC | $40,034,612 | $31,340,985 |
Management Leadership For Tomorrow Washington, DC | $53,416,960 | $49,396,463 |
Civic Nation Washington, DC | $14,143,972 | $26,153,225 |
Lundeberg Maryland Seamanship School Inc Camp Springs, MD | $45,157,117 | $7,542,637 |
Conservative Partnership Institute Washington, DC | $31,688,292 | $45,707,730 |
The Council For Professional Recognition Washington, DC | $70,372,041 | $16,997,488 |
Iuoe Training And Education Center Inc Washington, DC | $150,888,644 | $4,876,068 |
Umbc Training Enterprises Inc Columbia, MD | $4,982,165 | $14,677,321 |
Briya Public Charter School Washington, DC | $25,664,437 | $15,256,943 |
Isha Foundation Inc Mcminnville, TN | $77,293,567 | $29,444,562 |
Council For A Strong America Washington, DC | $10,213,790 | $6,648,495 |
American Board For Certification In Orthotics & Prosthetics Inc Alexandria, VA | $27,674,862 | $8,130,856 |