Gecu Foundation
- Assets
- $287.1k
- Revenue
- $843.5k
- Investments
- $0.0
- Employees
- 0
- Location
- El Paso, TX
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 20-8801986
Organization Overview
Gecu Foundation is located in El Paso, TX. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Gecu 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 12/2023, Gecu Foundation generated $843.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $815.9k during the year ending 12/2023. While expenses have increased by 35.5% per year over the past 9 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.
Since 2017, Gecu Foundation has awarded 111 individual grants totaling $3,119,734. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GECU FOUNDATION WORKS TO SUPPORT GECU MISSION, GOALS & THE CREDIT UNION MOVEMENT BY SUPPORTING CHARITABLE CAUSES FOCUSING ON TWELVE DEVELOPMENT ISSUES THAT AFFECT OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROUDLY SUPPORTED HEALTH-RELATED GRANTS TO ENHANCE MEDICAL AND MENTAL HEALTHCARE ACCESS FOR UNDERSERVED COMMUNITIES. BY PARTNERING WITH ESTEEMED ORGANIZATIONS SUCH AS EL PASO CHILDREN'S HOSPITAL, THE CHILDREN'S GRIEF CENTER OF EL PASO, AND THE DOCTORS OF THE WORLD BORDER HEALTH PROGRAM, WE HAVE ENSURED THAT QUALITY HEALTH ASSISTANCE REACHES THOSE IN NEED. THESE GRANTS ARE PIVOTAL IN PROVIDING ESSENTIAL MEDICAL SERVICES, MENTAL HEALTH SUPPORT, AND COMPREHENSIVE CARE, REFLECTING OUR COMMITMENT TO FOSTERING HEALTHIER, MORE RESILIENT COMMUNITIES.
THE FOUNDATION FUNDED EDUCATION THROUGH SCHOLARSHIPS, SCHOOL SUPPLIES, AND CURRICULA AWARDED TO VARIOUS QUALIFIED ORGANIZATIONS AND ACCREDITED INSTITUTIONS. BY COLLABORATING WITH RESPECTED INSTITUTIONS SUCH AS TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER EL PASO WOODY L. HUNT SCHOOL OF DENTAL MEDICINE, EL PASO COMMUNITY COLLEGE, AND HOWARD PAYNE UNIVERSITY, THE FOUNDATION AIMED TO PROVIDE COMMUNITY MEMBERS WITH OPPORTUNITIES TO ELEVATE THEIR QUALITY OF LIFE. THESE INITIATIVES WERE DESIGNED TO ENRICH OUR COMMUNITY, FOSTERING ACADEMIC GROWTH AND PROFESSIONAL DEVELOPMENT THAT CONTRIBUTED TO A MORE EDUCATED AND EMPOWERED COMMUNITY.
THE FOUNDATION SUPPORTED COMMUNITY-RELATED GRANTS TO ADDRESS KEY DEVELOPMENT ISSUES SUCH AS HUNGER, HOUSING, AND EMPLOYMENT. BY PARTNERING WITH CHARITABLE ORGANIZATIONS LIKE UNITED WAY OF EL PASO COUNTY, HOSPICE EL PASO, EL PASOANS FIGHTING HUNGER, AND PROJECT VIDA, AMONG MANY OTHERS, THE FOUNDATION AIMED TO HELP PEOPLE IN OUR COMMUNITY LIVE THEIR BEST LIVES POSSIBLE. THESE GRANTS WERE PIVOTAL IN PROVIDING ESSENTIAL RESOURCES AND SUPPORT, ENSURING THAT INDIVIDUALS AND FAMILIES COULD ACCESS THE SERVICES THEY NEED TO THRIVE. THROUGH THESE EFFORTS, THE FOUNDATION REAFFIRMED ITS COMMITMENT TO FOSTERING A STRONGER, MORE RESILIENT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Long Chairman | OfficerTrustee | 2 | $0 |
Brad Taylor Director | Trustee | 2 | $0 |
Tomas Sigala Jr Director | Trustee | 2 | $0 |
Grace Vaughn Treasurer And Secretary | OfficerTrustee | 2 | $0 |
Elvira Valles Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $417,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $617,500 |
| Total Program Service Revenue | $0 |
| Investment income | $1,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $224,074 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $843,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $584,698 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $3,778 |
| Fees for services: Accounting | $4,191 |
| 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 | $8,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,277 |
| Travel | $384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $74,350 |
| Total functional expenses | $815,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,055 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $13,055 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $287,110 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $287,110 |
| Net assets with donor restrictions | $0 |
| 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 | $287,110 |
Grants Awarded
Over the last fiscal year, Gecu Foundation has awarded $474,367 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
EL PASOANS FIGHTING HUNGER PURPOSE: GENERAL SUPPORT | $30,000 |
REBUILDING TOGETHER EL PASO PURPOSE: GENERAL SUPPORT | $15,000 |
EL PASO COMMUNITY COLLEGE FOUNDATION PURPOSE: FUNDED SCHOLARSHIP | $12,500 |
UNITED WAY OF EL PASO COUNTY PURPOSE: GENERAL SUPPORT | $145,000 |
PROJECT VIDA PURPOSE: GENERAL SUPPORT | $10,000 |
EL PASO CHILDREN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $16,667 |