The Credit Union Foundation Of Md And Dc Inc

Organization Overview

The Credit Union Foundation Of Md And Dc Inc is located in Columbia, MD. The organization was established in 1992. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Union Foundation Of MD And DC 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 05/2023, Credit Union Foundation Of MD And DC Inc generated $144.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $257.4k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE CREDIT UNION FOUNDATION OF MARYLAND & THE DISTRICT OF COLUMBIA IMPROVES LIVES BY WORKING WITH CREDIT UNIONS IN MARYLAND AND THE DISTRICT OF COLUMBIA TO SUPPORT FINANCIAL SELF-SUFFICIENCY AND PERSONAL, AFFORDABLE FINANCIAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION IS A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING CREDIT UNIONS AND THE COMMUNITIES THEY SERVE WITH AN EMPHASIS ON GRANTS TO CREDIT UNIONS, COLLEGE SCHOLARSHIPS AND FINANCIAL LITERACY PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Chris Conway
Board Chair
$0
Jim Whipp
Vice Chair
$0
Sean Zimmermann
Treasurer
$0
Linda Albrecht
Secretary
$0
Roderic Flowers
Director
$0
John Hamilton
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$11,703
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$120,391
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$132,094
Total Program Service Revenue$0
Investment income $57,649
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$76,871
Net Income from Fundraising Events $31,407
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $144,279

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The Credit Union Foundation Of Md And Dc Inc
Columbia, MD
$144,279

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