Beacon Credit Union Foundation Inc
- Assets
- $428.8k
- Revenue
- $53.3k
- Investments
- $397.6k
- Employees
- 0
- Location
- Wabash, IN
- Founding
- 11/2012
- Data as of
- 12/2021
- EIN
- 45-3814789
Organization Overview
Beacon Credit Union Foundation Inc is located in Wabash, IN. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Beacon 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 12/2021, Beacon Credit Union Foundation Inc generated $53.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $92.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Dale Chairman | 0.25 | $0 | |
Lindsay Culver Board Member | 0.25 | $0 | |
James Yates Board Member | 0.25 | $0 | |
John Peters Secretary/treasurer | 0.25 | $0 | |
Herb Horrom Vice Chairman | 0.25 | $0 | |
Sara Delbecq Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,000 |
| Interest on Savings | $6 |
| Dividends & Interest | $8,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,127 |
| Capital Gain Net Income | $22,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $5,246 |
| Contributions, gifts, grants paid | $87,028 |
| Total expenses and disbursements | $92,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,217 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $428,849 |
| 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, Beacon Credit Union Foundation Inc has awarded $21,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
RETIRED SENIOR VOLUNTEER PROGRAM (RSVP) PURPOSE: PACK A BACKPACK PROGRAM | $1,000 |
HABITAT FOR HUMANITY OF MARSHALL COUNTY PURPOSE: COMMUNITY ACTIVITY | $1,000 |
BRIDGE OF GRACE COMPASSIONATE PURPOSE: COMMUNITY ACTIVITY | $1,000 |
ANIMAL WELFARE LEAGUE PURPOSE: COMMUNITY ACTIVITY | $1,000 |
GAMSBY'S PROJECT PURPOSE: COMMUNITY ACTIVITY | $1,000 |
MATTHEWS MARKET PURPOSE: COMMUNITY ACTIVITY | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beacon Credit Union Foundation Inc has recieved totaling $61,500.
| Awarding Organization | Amount |
|---|---|
Beacon Credit Union Wabash, IN PURPOSE: Funding operations and program activities. | $61,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |
Good Samaritan Hospital Foundation Inc Vincennes, IN | $4,610,658 | $1,741,371 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |