Credit Union Miracle Day Committee Inc
- Assets
- $339.7k
- Revenue
- $370.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 52-2341329
Organization Overview
Credit Union Miracle Day Committee Inc is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Credit Union Miracle Day Committee 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 06/2022, Credit Union Miracle Day Committee Inc generated $370.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $786.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Credit Union Miracle Day Committee Inc has awarded 79 individual grants totaling $2,989,749. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CUMD RAISES MONEY TO SUPPORT CHILDREN'S MIRACLE NETWORK (CMN) HOSPITALS AFTER PAYMENT OF RACE, TITLE, SPONSORSHIP FEES, AND MINIMAL OPERATING COSTS, ALL FUNDS COLLECTED ARE REDISTRIBUTAED, SO EVERY DOLLAR GENERATED IS RETURNED TO THE CMN AFFILIATED HOSPITALS SERVING LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RACE SPONSORSHIP: SUPPORT THE CHILDREN'S MIRACLE NETWORK WHICH PROVIDES FUNDS FOR CHILDREN'S HOSPITALS. OVER 16,000 RUNNERS PARTICIPATE IN THE RACE SPONSORED BY CREDIT UNIONS AND BUSINESS SPONSORS EACH YEAR. AFTER PAYMENT OF TITLE SPONSORSHIP FEES AND MINIMAL OPERATING COSTS, ALL REMAINING FUNDS GO TO THE CHILDREN'S HOSPITALS IN EACH DONOR'S LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Shultz Secretary | OfficerTrustee | 0.5 | $0 |
John Bratsakis Chair | OfficerTrustee | 2 | $0 |
Rick Wieczorek Assistant Tr | OfficerTrustee | 0.5 | $0 |
Sean Zimmerman Vice Chair | OfficerTrustee | 0.5 | $0 |
Charlie Mallon Treasurer | OfficerTrustee | 1 | $0 |
Leigh Philibosian Executive Di | Officer | 40 | $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 | $344,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,087 |
| Total Program Service Revenue | $0 |
| Investment income | $350 |
| 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 | $370,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $241,012 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $38,336 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $224 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $249 |
| 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 | $2,162 |
| All other expenses | $0 |
| Total functional expenses | $786,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,196 |
| Savings and temporary cash investments | $64,187 |
| Pledges and grants receivable | $7,000 |
| 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 | $6,300 |
| 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 | $339,683 |
| Accounts payable and accrued expenses | $110 |
| Grants payable | $241,012 |
| 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 | $241,122 |
| Net assets without donor restrictions | $98,561 |
| Net assets with donor restrictions | $0 |
| 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 | $339,683 |
Grants Awarded
Over the last fiscal year, Credit Union Miracle Day Committee Inc has awarded $222,012 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: CNH CHAIRTY | $160,154 |
Durham, NC PURPOSE: CNH CHAIRTY | $20,000 |
Baltimore, MD PURPOSE: CNH CHARITY | $11,358 |
PENN STATE CHILDREN'S HOSPITALOFFICE OF UNIVERSITY DEVELOPMENT PURPOSE: CNH CHARITY | $10,500 |
Syosset, NY | | $10,000 |
Milwaukee, WI PURPOSE: CNH CHARITY | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Credit Union Miracle Day Committee Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Association Of Federal Credit Unions Inc Arlington, VA PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morris And Gwendolyn Cafritz Foundation Washington, DC | $0 | $65,532,545 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Tamias Foundation Hunt Valley, MD | $26,017,429 | $6,201,686 |
Progressive Multiplier Fund Washington, DC | $799,490 | $1,927,337 |
Under Armour Foundation Inc Baltimore, MD | $15,024,914 | $8,000,000 |
The Nathan Seter Foundation Washington, DC | $22,383,522 | $1,162,414 |
Hilton Effect Foundation Mclean, VA | $515,570 | $1,569,258 |
Veerayatan International Inc Hughesville, MD | $1,352,883 | $862,966 |