South Carolina Federal Credit Union Foundation
- Assets
- $264.1k
- Revenue
- $246.7k
- Investments
- $0.0
- Employees
- 0
- Location
- North Charleston, SC
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 46-1500989
Organization Overview
South Carolina Federal Credit Union Foundation is located in North Charleston, SC. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public 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. South Carolina 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 12/2023, South Carolina Federal Credit Union Foundation generated $246.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $276.2k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 5 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 2019, South Carolina Federal Credit Union Foundation has awarded 46 individual grants totaling $1,090,776. 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 SOUTH CAROLINA FEDERAL CREDIT UNION FOUNDATION IS A 501(C)(3) ORGANIZATION ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE AND SUPPORT TO OTHER ORGANIZATIONS OPERATING EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT INDIVIDUALS IN CRISIS AND OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Woods Chair | OfficerTrustee | 0.5 | $0 |
Trey Gantt Director | OfficerTrustee | 0.5 | $0 |
Leslie Norris Director | OfficerTrustee | 0.5 | $0 |
Bonnie K Ciuffo Director | Trustee | 2 | $0 |
Elizabeth Jaskiewicz Executive Director | OfficerTrustee | 31 | $0 |
Leon Frazier Secretary | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,773 |
| Total Program Service Revenue | $0 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,169 |
| Grants and other assistance to domestic individuals. | $17,500 |
| 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 | $276,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,413 |
| Savings and temporary cash investments | $89,391 |
| Pledges and grants receivable | $111,288 |
| Accounts receivable, net | $8,000 |
| 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 | $264,092 |
| Accounts payable and accrued expenses | $17,469 |
| 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 | $17,469 |
| Net assets without donor restrictions | $122,273 |
| Net assets with donor restrictions | $124,350 |
| 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 | $264,092 |
Grants Awarded
Over the last fiscal year, South Carolina Federal Credit Union Foundation has awarded $229,882 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CMN MUSC CHILDREN'S HOSPITAL PURPOSE: TO TREAT CRITICALLY ILL CHILDREN/RESEARCH | $43,225 |
LOWCOUNTRY FOOD BANK PURPOSE: TO PROVIDE FOOD FOR THE HUNGRY/BACKPACK BUDDIES | $46,301 |
BOYS AND GIRLS CLUB PURPOSE: TO PROVIDE VOLUNTARY AFTER-SCHOOL PROGRAMS FOR YOUNG PEOPLE. | $28,787 |
ALZHEIMERS ASSOC PURPOSE: ALZHEIMER'S RESEARCH AND EDUCATION | $62,156 |
LOWCOUNTRY AMERICAN RED CROSS PURPOSE: TO PROVIDE EMERGENCY RESPONSE SERVICES/SUPPORT MILITARY FAMILIES | $26,378 |
PRISMA HEALTH UPSTATE PURPOSE: TO PROVIDE ADVANCE PATIENT CARE AND SUPPORT CLINICAL CARE PROGRAMS | $23,035 |