South Carolina Federal Credit Union Foundation
- Assets
- $203.0k
- Revenue
- $189.3k
- Investments
- $0.0
- Employees
- 0
- Location
- North Charleston, SC
- Founding
- 03/2013
- Data as of
- 12/2021
- 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 12/2021, South Carolina Federal Credit Union Foundation generated $189.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $213.6k during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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 33 individual grants totaling $690,007. 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 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.
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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 Secretary | OfficerTrustee | 0.5 | $0 |
Elizabeth Jaskiewicz Executive Director | OfficerTrustee | 31 | $0 |
Bonnie K Ciuffo Treasurer | Trustee | 2 | $0 |
Leon Frazier Director | Trustee | 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 | $189,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,253 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $185,922 |
| Grants and other assistance to domestic individuals. | $20,000 |
| 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 | $213,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,372 |
| Savings and temporary cash investments | $59,559 |
| Pledges and grants receivable | $100,097 |
| 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 | $203,028 |
| Accounts payable and accrued expenses | $38,617 |
| 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 | $38,617 |
| Net assets without donor restrictions | $64,314 |
| Net assets with donor restrictions | $100,097 |
| 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 | $203,028 |
Grants Awarded
Over the last fiscal year, South Carolina Federal Credit Union Foundation has awarded $173,886 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: ALZHEIMER'S RESEARCH AND EDUCATION | $47,074 |
N Charleston, SC PURPOSE: TO PROVIDE SUPPORT SERVICES AND AID TO MEET THE NEEDS OF LOWCOUNTRY CHILDREN IDENTIFIED AS AT-RISK OR SUFFERING FROM ABANDONMENT, ABUSE AND/OR NEGLECT | $36,361 |
Charleston, SC PURPOSE: TO TREAT CRITICALLY ILL CHILDREN/RESEARCH | $22,931 |
Charleston, SC PURPOSE: TO PROVIDE FOOD FOR THE HUNGRY/BACKPACK BUDDIES | $22,426 |
Atlanta, GA PURPOSE: TO PROVIDE VOLUNTARY AFTER-SCHOOL PROGRAMS FOR YOUNG PEOPLE. | $17,596 |
North Charleston, SC PURPOSE: TO PROVIDE SAFE DRINKING WATER AROUND THE GLOBE/EDUCATE POPULATION ON SAFE DRINKING WATER | $16,231 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Carolina Federal Credit Union Foundation has recieved totaling $306.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Camino Community Development Corporation Inc Charlotte, NC | $3,342,143 | $5,457,630 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |