Forum Credit Union Foundation Inc
- Assets
- $620.9k
- Revenue
- $167.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fishers, IN
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 46-3086648
Organization Overview
Forum Credit Union Foundation Inc is located in Fishers, IN. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Forum 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 12/2022, Forum Credit Union Foundation Inc generated $167.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $160.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Forum Credit Union Foundation Inc has awarded 227 individual grants totaling $1,095,848. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS - EDUCATIONAL SCHOLARSHIPS WERE AWARDED TO COLLEGES AND UNIVERSITIES FOR 27 INDIVIDUALS
EDUCATIONAL GRANTS - EDUCATIONAL GRANTS WERE AWARDED TO 14 INDIANA SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas True Director | 5 | $0 | |
Charles A Mattingly Chairman | 5 | $0 | |
Jeffry Welch Treasurer | 5 | $0 | |
Jennifer Budreau Secretary | 5 | $0 | |
Cameron Piercefield Director | 5 | $0 | |
Rick Rambo Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $165,000 |
| Interest on Savings | $2,422 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $167,422 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $159,981 |
| Total expenses and disbursements | $159,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,885 |
| Savings and temporary cash investments | $398,000 |
| 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 | $620,885 |
| 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, Forum Credit Union Foundation Inc has awarded $159,981 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AVON COMMUNITY SCHOOL CORPORATION PURPOSE: K-12 CLASSROOM EDUCATION GRANT | $1,940 |
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION PURPOSE: K-12 CLASSROOM EDUCATION GRANT | $2,409 |
CARMEL CLAY SCHOOLS PURPOSE: K-12 CLASSROOM EDUCATION GRANT | $433 |
COMMUNITY SCHOOL CORPORATION OF SOUTHERN HANCOCK COUNTY PURPOSE: K-12 CLASSROOM EDUCATION GRANT | $1,200 |
GREENWOOD COMMUNITY SCHOOL CORPORATION PURPOSE: K-12 CLASSROOM EDUCATION GRANT | $2,495 |
HAMILTON SOUTHEASTERN SCHOOLS PURPOSE: K-12 CLASSROOM EDUCATION GRANT | $1,230 |