Blue Federal Credit Union Foundation
- Assets
- $298.6k
- Revenue
- $343.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cheyenne, WY
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 45-4039863
Organization Overview
Blue Federal Credit Union Foundation is located in Cheyenne, WY. The organization was established in 2013. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue 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 12/2022, Blue Federal Credit Union Foundation generated $343.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $300.6k during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE COMMUNITIES IN WHICH BLUE FEDERAL CREDIT UNION DOES BUSINESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST THE COMMUNITIES IN WHICH BLUE FEDERAL CREDIT UNION DOES BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Wood President | OfficerTrustee | 2 | $0 |
Margo Lahiff Vice-President | OfficerTrustee | 2 | $0 |
Kim Alexander Secretary | OfficerTrustee | 2 | $0 |
Stephanie Teubner Board Member | Trustee | 2 | $0 |
Kimberly Johnson Board Member | Trustee | 2 | $0 |
Michele Bolkovatz Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $256,144 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,144 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $87,494 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $291,199 |
| 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 | $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 | $6,532 |
| 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 | $300,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,638 |
| Savings and temporary cash investments | $5 |
| 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 | $0 |
| 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 | $298,643 |
| 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 | $298,643 |
| 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 | $298,643 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blue Federal Credit Union Foundation has recieved totaling $40.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Empowerment Center Omaha, NE | $3,751,095 | $11,872,061 |
Debt Reduction Services Inc Boise, ID | $2,051,232 | $3,505,224 |
American Credit Foundation Inc Draper, UT | $673,807 | $2,274,444 |
Credit Advisors Foundation Omaha, NE | $5,047,344 | $1,612,156 |
Allen Credit & Debt Counseling Agency Wolsey, SD | $408,689 | $1,340,879 |
Black Hills Childrens Ranch Inc Rapid City, SD | $795,827 | $1,321,713 |
Family Financial Education Foundation Evanston, WY | $2,580,776 | $1,346,527 |
Community Enterprise Development Services Aurora, CO | $7,776,464 | $2,438,749 |
Rural Dynamics Inc Great Falls, MT | $5,435,285 | $763,388 |
Rushmore Consumer Credit Resource Center Rapid City, SD | $1,176,938 | $416,877 |
Cottages Of Hope Inc Ogden, UT | $82,160 | $386,500 |
Lamedichi Carbondale, CO | $1,573,171 | $1,156,033 |