Georgia United Credit Union Foundation Inc
- Assets
- $237.9k
- Revenue
- $733.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-3414590
Organization Overview
Georgia United Credit Union Foundation Inc is located in Duluth, GA. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia United Credit Union Foundation 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 12/2022, Georgia United Credit Union Foundation Inc generated $733.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $626.5k during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 5 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 2018, Georgia United Credit Union Foundation Inc has awarded 58 individual grants totaling $3,966,485. 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
FOCUSED ON THE LIVES OF FAMILIES IN THE COMMUNITIES SERVED BY GEORGIA UNITED CREDT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL CRASHERS IS A PROGRAM THAT PARTNERS WITH GEORGIA UNITED CREDIT UNION TO OFFER GEORGIA SCHOOLS A MAKOVER WHICH GENERALLY INCLUDES BEAUTIFICATION OF OUTSIDE AND INSIDE. IT MAY INCLUDE PLAYGROUND EQUIPMENT, LANDSCAPE MATERIAL, BENCHES, INTERIOR FURNITURE, PAINT AND CARPETING. RECENTLY WE ADDED BUILDING SENSORY ROOMS FOR STUDENTS WITH SOCIAL EMOTIONAL AND BEHAVIORAL NEEDS. THE ROOMS HELP IMPROVE THEIR VISUAL, AUDITORY AND TACTILE PROCESSING, IMPROVE GROSS MOTOR SKILLS AND HELP THEM SELF-REGULATED THEIR BEHAVIORS, WHICH ULTIMATELY IMPROVES FOCUS. SCHOOLS ARE NOMINATED FOR CONTENTION AND A GROUP OF GEORGIA UNITED CREDIT UNION EMPLOYEES AND MEMBERS OF THE FOUNDATION TEAM WILL MAKE THE FINAL SELECTIONS BASED ON THE NEED AND THE COMPLETENESS OF THE APPLICATION. THERE IS GENERALLY ONE GRAND PRIZE WINNER AND TWO RUNNER UP PRIZES. IN ADDITION A FEW INDIVIDUAL WINNERS MAY RECIEVE NEW CARPET OR FURNITURE ON A SMALLER SCALE. IN 2022, A TOTAL OF 5 SCHOOLS RECEIVED MAKEOVERS.
JUNIOR ACHEIVEMENT IS A PARTNERSHIP THAT WAS STARTED BY GEORGIA UNITED CREDIT UNION AND HAS EXPANDED OVER THE LAST SEVERAL YEARS. THE FOUNDATION PROVIDES MAJOR GRANTS TO THE ATLANTA, GWINNET, CUMMING, DALTON, AND SAVANNAH CHAPTERS OF JUNIOR ACHEIVMENT. THE GRANTS HELP FUND THEIR PROGRAMS TO EDUCATE MIDDLE SCHOOL STUDENTS ABOUT WORKFORCE READINESS, ENTREPRENEURSHIP AND FINANCIAL LITERACY THROUGH AN EXPERIMENTAL LEARNING ENVIRONMENT. IT ALSO INCLUDES OVER 100 VOLUNTEERS FROM GEORGIA UNITED CREDIT UNION TO ASSIST IN GUIDING STUDENTS THROUGH FINANCIAL SIMULATIONS AT JA DISCOVERY CENTERS.
THE FOUNDATION PROVIDED VARIOUS SCHOLARSHIPS TO DESERVING HIGH SCHOOL SENIORS. SOME ARE MANAGED DIRECTLY BY THE FOUNDATION AND OTHERS ARE ADMINISTRED THROUGH LOCAL SCHOOL DISTRICTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Smith President/director | OfficerTrustee | 2 | $0 |
Laura King Secretary/director | Officer | 2 | $0 |
Robert Bogart Assistant Treasurer | Officer | 4 | $0 |
Dr Jason Branch Treasurer/director | Trustee | 1 | $0 |
Carolina King Assistaqnt Secretary/director | OfficerTrustee | 6 | $0 |
Father Mark Star Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $565,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,968 |
| Noncash contributions included in lines 1a–1f | $51,777 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $732,968 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $732,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $543,480 |
| Grants and other assistance to domestic individuals. | $60,323 |
| 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 | $0 |
| Fees for services: Legal | $2,110 |
| Fees for services: Accounting | $14,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,125 |
| Office expenses | $5,411 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $626,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,790 |
| Savings and temporary cash investments | $8,074 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $237,864 |
| 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 | $0 |
| 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 | $237,863 |
| Total liabilities and net assets/fund balances | $237,863 |
Grants Awarded
Over the last fiscal year, Georgia United Credit Union Foundation Inc has awarded $2,139,779 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HERITAGE HIGH SCHOOL PURPOSE: SENSORY ROOM | $31,285 |
RADLOFF MIDDLE SCHOOL PURPOSE: SENSORY ROOM | $1,675,534 |
COLHAM FERRY ELEMENTATY SCHOOL PURPOSE: SENSORY ROOM | $14,948 |
WESTSIDE MIDDLE SCHOOL PURPOSE: COUNSELING AND MEDIA CENTER | $43,898 |
TOWERS HIGH SCHOOL PURPOSE: CAREER COUNSELING CENTER | $66,334 |
UNIVERSITY OF GEORGIA FOUNDATION PURPOSE: GENERAL ASSISTANCE - MEALS FOR WORKERS | $30,601 |