Ohio Credit Union Foundation
- Assets
- $1.6m
- Revenue
- $264.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 31-1582415
Organization Overview
Ohio Credit Union Foundation is located in Columbus, OH. The organization was established in 1998. 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. Ohio 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, Ohio Credit Union Foundation generated $264.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $176.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ohio Credit Union Foundation has awarded 79 individual grants totaling $995,932. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OHIO CREDIT UNION FOUNDATIONIS ACTIVE IN AND DEDICATED TO 1) PROMOTING FINANCIAL EDUCATION TO BENEFIT CREDIT UNION MEMBERS, OHIO STUDENTS, AND THE PUBLIC AT LARGE,2) HELPING CREDIT UNIONS IMPLEMENT PROGRAMS WITHIN THEIR COMMUNITIESTHAT FULFILL THEIR SOCIAL RESPONSIBILITY TO MAKE FINANCIAL SERVICESAFFORDABLE AND ACCESSIBLE TO ALL MEMBERS, INCLUDING THOSE OF MODESTMEANS OR TO AREAS IN FINANCIAL DISTRESS, 3) PROVIDING PROFESSIONALDEVELOPMENT GRANTS TO ASSIST CREDIT UNION EMPLOYEES AND VOLUNTEERLEADERS WITH TRAINING TO ACHIEVE PROFESSIONAL EXCELLENCE, 4) OFFERINGFINANCIAL RELIEF TO CREDIT UNIONS, THEIR EMPLOYEES, MEMBERS, AND THEIRCOMMUNITIES IN THE WAKE OF DISASTERS SUCH AS FLOODS, EARTHQUAKES,TORNADOS, OR FIRES, AND 5) EMPOWERING PEOPLE TO IMPROVE THEIR FINANCIALWELL-BEING BASED ON THE VALUES OF SELF-HELP, SELF-RESPONSIBILITY,DEMOCRACY, EQUALITY, AND EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR PROFESSIONAL DEVELOPMENT AND SECONDARY EDUCATION,GRANTS FOR OUTREACH AND FINANCIAL EDUCATION PROGRAMMING, AND DONATIONSFOR DISASTER RELIEF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Landis Chair | OfficerTrustee | 0.5 | $0 |
Tammy Cantrell Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Jeannie Fye Director | OfficerTrustee | 0.5 | $0 |
Dean Pielemeier Director | OfficerTrustee | 0.5 | $0 |
Paul Mercer President | Officer | 0.5 | $0 |
Kimberly Conner Dir. Member Experience | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,587 |
| Total Program Service Revenue | $0 |
| Investment income | $3,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $74,444 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $264,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $147,944 |
| Grants and other assistance to domestic individuals. | $28,500 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $176,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,634 |
| Savings and temporary cash investments | $1,044,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,045 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,782 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,603,461 |
| Accounts payable and accrued expenses | $3,023 |
| Grants payable | $135,772 |
| 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 | $138,795 |
| Net assets without donor restrictions | $1,464,666 |
| 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 | $1,603,461 |
Grants Awarded
Over the last fiscal year, Ohio Credit Union Foundation has awarded $78,136 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TRUECORE FCU PURPOSE: FINANCIAL EDUCATION GRANTS | $31,936 |
NOTEWORTHY FCU PURPOSE: WILLIAM A HERRING SOCIAL RESPONSIBILITY GRANT: STRATEGIC PLAN DEVELOPMENT | $15,000 |
LAKE COUNTY EDUCATIONAL FCU PURPOSE: FOSTER CARE YOUTH PROGRAM | $10,000 |
Madison, WI PURPOSE: CU AID - HURRICANE IDA RELIEF | $10,000 |
FIRST MIAMI UNIVERSITY STUDENT FCU PURPOSE: FINANCIAL EDUCATION GRANTS | $6,000 |
BMI FCU PURPOSE: FINANCIAL FITNESS BOOT CAMP PILOT PROGRAM | $5,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ohio Credit Union Foundation has recieved totaling $116.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |