Fellowship Credit Union Foundation Inc
- Assets
- $185.9k
- Revenue
- $11.4k
- Investments
- $172.4k
- Employees
- 0
- Location
- Lamar, CO
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 26-3671626
Organization Overview
Fellowship Credit Union Foundation Inc is located in Lamar, CO. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fellowship Credit Union Foundation Inc 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 12/2022, Fellowship Credit Union Foundation Inc generated $11.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $9.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
(14) EDUCATIONAL SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Quarles Chairman | 1 | $0 | |
Bea Haggard Vice Chair | 1 | $0 | |
Brian Kane Director | 1 | $0 | |
Linda Wilger Secretary | 1 | $0 | |
Francisco Martinez Director | 1 | $0 | |
Heather Gallegos Executive Direc | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $233 |
| Interest on Savings | $172 |
| Dividends & Interest | $8,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,294 |
| Total Revenue | $11,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $139 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $1,109 |
| Contributions, gifts, grants paid | $8,500 |
| Total expenses and disbursements | $9,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,496 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $80,672 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $185,914 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fellowship Credit Union Foundation Inc has awarded $8,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
RILEY COMER PURPOSE: EDUCATIONAL SCHOLARSHIP | $500 |
ASHTON FLINT PURPOSE: EDUCATIONAL SCHOLARSHIP | $250 |
JAYDEN KINCADE PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,000 |
JACKSON KALMA PURPOSE: EDUCATIONAL SCHOLARSHIP | $250 |
BRIGDEN PARKER PURPOSE: EDUCATIONAL SCHOLARSHIP | $500 |
BENJAMIN NEVLAND PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,000 |