Y12 Fcu Gives Foundation Inc
- Assets
- $230.7k
- Revenue
- $282.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Ridge, TN
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-0920479
Organization Overview
Y12 Fcu Gives Foundation Inc is located in Oak Ridge, TN. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Y12 Fcu Gives 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 12/2023, Y12 Fcu Gives Foundation Inc generated $282.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.9% each year . All expenses for the organization totaled $386.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Y12 Fcu Gives Foundation Inc has awarded 110 individual grants totaling $1,318,689. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO ENHANCE AND SUPPORT EDUCATIONAL INITIATIVES, IMPROVE HEALTH AND WELLNESS, AND BE A FIRST RESPONDER TO EMERGING COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VISION OF Y-12 FCU'S CHARITABLE FOUNDATION IS TO PROVIDE EMPLOYEES WITH OPPORTUNITIES TO SERVE THE COMMUNITIES IN WHICH THEY LIVE AND TO PARTNER WITH ORGANIZATIONS AND CAUSES IN WHICH WE BELIEVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Brewster Executive Director | Trustee | 0.5 | $0 |
Tim Holloway Emeritus - Chair | Trustee | 0.5 | $0 |
Lynn Boston Director | Trustee | 0.5 | $0 |
Charlie Mcadams Chair | OfficerTrustee | 0.5 | $0 |
Sara Knight Secretary | Trustee | 0.5 | $0 |
John Jordan Director | Trustee | 0.5 | $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 | $223,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,997 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $351,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,893 |
| Office expenses | $0 |
| 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 | $662 |
| All other expenses | $0 |
| Total functional expenses | $386,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,712 |
| Savings and temporary cash investments | $0 |
| 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 | $230,712 |
| 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 | $230,712 |
| Total liabilities and net assets/fund balances | $230,712 |
Grants Awarded
Over the last fiscal year, Y12 Fcu Gives Foundation Inc has awarded $315,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF SMOKEY MOUNTAINS PURPOSE: OPERATING FUNDS | $10,000 |
SHORA FOUNDATION PURPOSE: OPERATING FUNDS | $10,000 |
GIRLS INCORPORATED OF TENNESSEE VALLEY PURPOSE: OPERATING FUNDS | $10,000 |
BOYS AND GIRLS CLUB OF TN VALLEY PURPOSE: OPERATING FUNDS | $25,000 |
YWCA PURPOSE: OPERATING FUNDS | $10,000 |
COMPASSION MINISTRIES PURPOSE: OPERATING FUNDS | $10,000 |