African American Credit Union Coalition
- Assets
- $676.8k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Snellville, GA
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 57-1091138
Organization Overview
African American Credit Union Coalition is located in Snellville, GA. The organization was established in 2003. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Credit Union Coalition 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 12/2021, African American Credit Union Coalition generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 21.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTHE AFRICAN AMERICAN CREDIT UNION COALITION'S MISSION STATEMENT IS TO INCREASE DIVERSITY WITHIN THE CREDIT UNION COMMUNITY THROUGH ADVOCACY AND PROFESSIONAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOARD-READY TRAINING SERIES WAS DESIGNED TO HELP ENHANCE LEADERSHIP SKILLS AND PREPARE BOARD MEMBERS TO SERVE WITH IMPACT ON NON-PROFFIT BOARDS WITHIN THE COMMUNITY.
THE DEI LEADERSHIP ACADEMY WAS ESTABLISHED FOR FINANCIAL PROFESSIONALS AND IS DESIGNED TO INSPIRE AND EMPOWER FINANCIAL PROFESSIONALS TO LEAD WITH A MINDSET OF DIVERSITY, EQUITY, AND INCLUSION TO BETTER REPRESENT AND SERVE THE GLOBAL COMMUNITIES WE SERVE.
CONFERENCES WERE HELD DURING THE YEAR TO PROMOTE INTERNSHIP AND MENTORSHIP PROGRAMS AND TO CREATE OPPORTUNITIES FOR VARIOUS CREDIT UNIONS AND CREDIT UNION PROVIDERS TO MEET AND WORK WITH ONE ANOTHER.
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 |
|---|---|---|---|
Cathryn Sattiewhite President | Officer | 40 | $157,216 |
Larry Sewell Chairman | OfficerTrustee | 10 | $0 |
Tracey Jackson Treasurer | OfficerTrustee | 5 | $0 |
Maurice Smith Vice Chairman | OfficerTrustee | 5 | $0 |
Marvin York Secretary | OfficerTrustee | 5 | $0 |
Gary Perez Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $372,529 |
| Fundraising events | $0 |
| Related organizations | $869,037 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,241,566 |
| Total Program Service Revenue | $265,054 |
| Investment income | $3,316 |
| 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 | $1,509,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $385,035 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $327,040 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $68,064 |
| Office expenses | $209,881 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $201,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,629 |
| All other expenses | $137,812 |
| Total functional expenses | $1,374,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,119 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $265,050 |
| 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 | $42,681 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $52,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $676,813 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $573,226 |
| Net assets with donor restrictions | $103,587 |
| 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 | $676,813 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that African American Credit Union Coalition has recieved totaling $126,105.
| Awarding Organization | Amount |
|---|---|
Credit Unions In The State Of Washington Tukwila, WA PURPOSE: DONATION | $100,000 |
Municipal Employees Credit Union Of Baltimore Inc Baltimore, MD PURPOSE: CHARITABLE CONTRIBUTION | $12,955 |
National Assn Of Fed Credit Unions Fndtn For Char Litry Edtnl & Hmtrn Arlington, VA PURPOSE: GENERAL SUPPORT | $10,000 |
Peach State Fcu Cares Foundation Inc Lawrenceville, GA PURPOSE: ORGANIZATIONAL SUPPORT | $3,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Coastal Ocean Observing Regional Association Charleston, SC | $1,939,455 | $5,560,971 |
Goodie Nation Inc Atlanta, GA | $6,929,090 | $12,181,074 |
Better Business Bureau Of Metropoliton Atlanta Inc Atlanta, GA | $4,995,221 | $6,438,546 |
Better Business Bureau Of Nashville Middle Tennessee Inc Nashville, TN | $1,542,443 | $3,414,512 |
Herman J Russell Center For Innovation And Entrepreneurship In Atlanta, GA | $21,225,162 | $9,072,660 |
Better Business Bureau Of Southern Piedmont Inc Matthews, NC | $2,483,072 | $3,109,120 |
Center For Nonprofit Management Inc Nashville, TN | $2,067,333 | $2,514,298 |
The Better Business Bureau Of Metropolitan Birmingham Incorportd Birmingham, AL | $1,159,880 | $2,115,172 |
Institute For Commercialization Of Florida Technology Inc Tampa, FL | $17,091,469 | $342,694 |
Better Business Bureau Of Eastern Nc Inc Raleigh, NC | $1,763,504 | $1,892,051 |
Atlanta Committee For Progress Inc Atlanta, GA | $1,166,579 | $1,555,000 |
First Flight Venture Center Inc Research Triangle Park, NC | $1,951,913 | $2,093,987 |