Ascent Credit Union Foundation
- Assets
- $129.3k
- Revenue
- $167.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ogden, UT
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-5685430
Organization Overview
Ascent Credit Union Foundation is located in Ogden, UT. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Ascent 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, Ascent Credit Union Foundation generated $167.1k in total revenue. All expenses for the organization totaled $39.5k during the year ending 12/2023. While expenses have increased by 81.6% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORING HIGH SCHOOL ATHLETIC PROGRAMS - CASH DONATIONS TO SEVERAL HIGH SCHOOL ATHLETIC PROGRAMS AND ACTIVITIES. FUNDS HELP PURCHASE EQUIPMENT TRAINING COURSES INSTRUCTORS UNIFORMS AND OTHER ITEMS FOR THE STUDETNS.
SUB FOR SANTA - THE FOUNDATION PURCHASES CLOTHING TOYS AND HYGIENE PRODUCTS FOR FAMILIES IN NEED DURING THE HOLIDAY SEASON. A LIST IS FORMED OF INDIVIDUALS AND WHAT THEY NEED AND THE FOUNDATION GOES OUT AND BUYS THINGS WRAPS THEM AND DELIVERS THEM TO WEBER HUMAN SERVICES TO DELIVER.
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 |
|---|---|---|---|
Elene Hess Officer | 10 | $0 | |
Brock Mortensen Director | 1 | $0 | |
Spencer Kitchen Director | 1 | $0 | |
Cami Higgs Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $161,973 |
| Interest on Savings | $2,598 |
| 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 | $2,574 |
| Total Revenue | $167,145 |
| 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 | $367 |
| Other expenses | $1,822 |
| Total operating and administrative expenses | $2,346 |
| Contributions, gifts, grants paid | $37,132 |
| Total expenses and disbursements | $39,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,417 |
| Savings and temporary cash investments | $124,888 |
| 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 | $129,305 |
| 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, Ascent Credit Union Foundation has awarded $37,132 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SHADOW VALLEY ELEMENTARY PURPOSE: SPONSORING A FUNDRAISER FOR THE STUDENTS OF THE ELEMENTARY SCHOOL | $250 |
THE LANTERN HOUSE PURPOSE: MONETARY DONATION FOR HOMELESS SHELTER AND FOOD PANTRY | $150 |
OGDEN SCHOOL FOUNDATION PURPOSE: SPONSORING FUNDRAISING EVENTS TO BENEFIT THE STUDENTS IN OGDEN SCHOOL DISTRICT | $14,000 |
PRESLEY ARCHULETA PURPOSE: SPONSOR OF AN INDIVIDUAL TO ATTEND A CONFERENCE FOR FUTURE BUSINESS LEADERS OF AMERICA | $245 |
SYRACUSE ARTS ACADEMY PURPOSE: SPONSORING THE FUNDRAISING EVENT TO BENEFIT THE STUDENTS OF THE SCHOOL | $200 |
BONNEVILLE HIGH SCHOOL PURPOSE: SPONSORSHIP OF ATHLETIC DEPARTMENT TO BENEFIT THE ATHLETES OF THE HIGH SCHOOL | $4,000 |