State Employees Credit Union Foundation
- Assets
- $54.8m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 01/2002
- Data as of
- 06/2021
- EIN
- 56-2255292
Organization Overview
State Employees Credit Union Foundation is located in Raleigh, NC. The organization was established in 2002. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. State Employees 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 06/2021, State Employees Credit Union Foundation generated $18.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $16.9m during the year ending 06/2021. While expenses have increased by 15.4% per year over the past 3 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 2021, State Employees Credit Union Foundation has awarded 2,305 individual grants totaling $28,647,755. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jama Campbell Executive Director | 40 | $0 | |
Bob Brinson Vice Chair | 1 | $0 | |
Jennifer Haygood Director | 1 | $0 | |
Jo Anne Sanford Chair | 1 | $0 | |
J Lee Brown III Director | 1 | $0 | |
Mark Fleming Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,283,722 |
| Interest on Savings | $234,404 |
| 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 | $18,518,126 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,124 |
| Total operating and administrative expenses | $39,568 |
| Contributions, gifts, grants paid | $16,897,660 |
| Total expenses and disbursements | $16,937,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,637 |
| Savings and temporary cash investments | $33,740,876 |
| 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 | $20,426,255 |
| Total assets | $54,794,768 |
| Accounts payable and accrued expenses | $162,512 |
| Grants payable | $21,234,789 |
| 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 | $21,397,301 |
Grants Awarded
Over the last fiscal year, State Employees Credit Union Foundation has awarded $28,647,755 in support to 2,305 organizations.
| Grant Recipient | Amount |
|---|---|
NC COMMUNITY FOUNDATION PURPOSE: PANDEMIC RELIEF | $3,000,000 |
FRIENDS OF NCMNS - SECU DINOLAB PURPOSE: FACILITY CONSTRUCTION | $2,000,000 |
NC BAPTISTS ON MISSION PURPOSE: HOME REPAIR/REBUILD PROGRAM | $1,400,000 |
SECU BRIDGE TO CAREER PURPOSE: SCHOLARSHIP PROGRAM | $1,196,563 |
SALVATION ARMY OF THE CAROLINAS PURPOSE: PANDEMIC RELIEF | $1,000,000 |
PARTNERS IN MINISTRY PURPOSE: FACILITY CONSTRUCTION | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that State Employees Credit Union Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Ella Ann L & Frank B Holding Foundation Smithfield, NC PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Agecroft Association Richmond, VA | $24,452,362 | $3,235,294 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |
Beech Foundation Inc Conyers, GA | $2,116,092 | $45,755 |
Ships Of The Sea Maritime Museum Inc Savannah, GA | $19,982,417 | $1,881,579 |
Centurion Holdings 1 Inc Atlanta, GA | $91,960,624 | $853,013 |
Margaret Paxton Memorial For Convalesctent Children Leesburg, VA | $9,241,514 | $486,941 |