Alliant Credit Union Foundation
- Assets
- $6.4m
- Revenue
- $514.2k
- Investments
- $6.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2009
- Data as of
- 06/2022
- EIN
- 71-1052113
Organization Overview
Alliant Credit Union Foundation is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Alliant 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 06/2022, Alliant Credit Union Foundation generated $514.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $531.1k during the year ending 06/2022. While expenses have increased by 25.1% 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, Alliant Credit Union Foundation has awarded 200 individual grants totaling $643,459. 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 |
|---|---|---|---|
Meredith Ritchie President | 2 | $0 | |
Michael Gard Treasurer | 2 | $0 | |
Dennis Devine Chairperson | 2 | $0 | |
Rich Holke Director | 2 | $0 | |
Jackie Gruenes Director | 2 | $0 | |
Paul Letourneau Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,150 |
| Dividends & Interest | $111,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $400,203 |
| Capital Gain Net Income | $400,203 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $514,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $19,526 |
| Contributions, gifts, grants paid | $511,621 |
| Total expenses and disbursements | $531,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,723 |
| Savings and temporary cash investments | $0 |
| 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 | $6,280,538 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,360,261 |
| 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, Alliant Credit Union Foundation has awarded $511,621 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
EVERYONE ON PURPOSE: CLOSING DIGITAL DIVIDE (PROGRAM SUPPORT FOR DITIGAL ACCESS) | $66,000 |
ROCK AND ROLL HALL OF FAME MUSEUM PURPOSE: COMMUNITY LEADERSHIP AWARD (GRANT FOR EMPLOYEE SERVICE TO NON-PROFIT) | $250 |
INDIA RURAL EVANGELICAL FELLOWSHIP USA PURPOSE: COMMUNITY LEADERSHIP AWARD (GRANT FOR EMPLOYEE SERVICE TO NON-PROFIT) | $250 |
DES PLAINES COMMUNITY FOUNDATION PURPOSE: COMMUNITY LEADERSHIP AWARD (GRANT FOR EMPLOYEE SERVICE TO NON-PROFIT) | $250 |
BAY VIEW COMMUNITY CENTER PURPOSE: EMPLOYEE PHILANTHROPY (MATCHING GRANT FOR EMPLOYEE DONATION) | $250 |
EMPOWERING WOMEN NFP PURPOSE: EMPLOYEE PHILANTHROPY (MATCHING GRANT FOR EMPLOYEE DONATION) | $500 |