Travis Credit Unions Community Financial Wellness Fund
- Assets
- $547.1k
- Revenue
- $432.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Vacaville, CA
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-4159040
Organization Overview
Travis Credit Unions Community Financial Wellness Fund is located in Vacaville, CA. The organization was established in 2018. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Travis Credit Unions Community Financial Wellness Fund 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, Travis Credit Unions Community Financial Wellness Fund generated $432.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.3%) each year. All expenses for the organization totaled $22.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (67.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Travis Credit Unions Community Financial Wellness Fund has awarded 67 individual grants totaling $1,819,041. 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
DEDICATED TO BUILDING AUTHENTIC COMMUNITY IMPACT BY IMPROVING FINANCIAL LITERACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE THE PROGRAM WAS LAUNCHED, THE TRAVIS CREDIT UNION'S COMMUNITY FINANCIAL WELLNESS FUND HAS RAISED MORE THAN $1M FOR THE COVID-19 RELIEF INITIATIVE, WHICH WAS MATCHED BY TRAVIS CREDIT UNION. OVER $2M DISTRIBUTED TO 83 LOCAL NON-PROFIT ORGANIZATIONS IN 12 COUNTIES, MANY OF WHOM ARE PROVIDING RESOURCES AND SERVICES TO INDIVIDUALS AND FAMILIES IMPACTED BY THE PANDEMIC. ONE HUNDRED PERCENT OF ALL DONATIONS WENT DIRECTLY TO RELIEF EFFORTS.
THE TRAVIS CREDIT UNION'S COMMUNITY FINANCIAL WELLNESS FUND HAS RAISED OVER $20,000 TO SUPPORT VACAVILLE CHRISTMAS WISH AND CHILDREN'S MIRACLE NETWORK. TCUF ALSO PROVIDED SCHOLARSHIPS FOR YOUTH AND ADULTS FROM UNDERSERVED COMMUNITIES.
THE TRAVIS CREDIT UNION'S COMMUNITY FINANCIAL WELLNESS FUND ALSO LAUNCHED LOCAL WILDFIRES RELIEF PROGRAM TO BRING IMMEDIDATE FINANCIAL ASSISTANCE TO THE VICTIMS, FIREFIGHTERS AND COMMUNITIES THAT HAVE BEEN AFFECTED BY THE WILDFIRES. TRAVIS CREDIT UNION IS COVERING ALL ADMINISTRATIVE COSTS, SO THAT 100 PERCENT OF ALL DONATIONS WILL GO DIRECTLY TOWARDS SUPPORTING RECOVERY EFFORTS IN THE LOCAL SERVICE AREA.
IN 2023, TRAVIS CREDIT UNION FOCUSED ON PROGRAM DEVELOPMENT AND DISTRIBUTED FREE FINANCIAL LITERACY MATERIALS TO MILITARY MEMBERS AND NON-PROFIT ORGANIZATIONS. THESE EFFORTS LAID THE GROUNDWORK FOR NEW PROGRAMS LAUNCHING IN 2024, AIMED AT EXPANDING FINANCIAL EDUCATION AND RESOURCE ACCESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Miller Chairman | OfficerTrustee | 5 | $0 |
Damian Alarcon-Young Vice Chairman/president | Trustee | 5 | $0 |
Jesse Leavitt Treasurer | Trustee | 5 | $0 |
Jennifer Barton Secretary | Trustee | 5 | $0 |
Richard Word Board Member | Trustee | 2 | $0 |
Jana Modena Board Member | Trustee | 2 | $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 | $432,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $432,540 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $432,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,870 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,131 |
| 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 | $547,131 |
| 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 | $546,531 |
| Net assets with donor restrictions | $600 |
| 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 | $547,131 |
Grants Awarded
Over the last fiscal year, Travis Credit Unions Community Financial Wellness Fund has awarded $1,819,041 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
10000 DEGREES PURPOSE: TO SUPPORT ORGANIZATIONS THAT PROVIDE FRONTLINE SERVICES TO THOSE IMPACTED BY COVID-19 | $42,250 |
100 CLUB OF SOLANO AND YOLO COUNTIES PURPOSE: TO SUPPORT ORGANIZATIONS THAT PROVIDE FRONTLINE SERVICES TO THOSE IMPACTED BY COVID-19 | $43,135 |
AGLANTIS PURPOSE: TO SUPPORT ORGANIZATIONS THAT PROVIDE FRONTLINE SERVICES TO THOSE IMPACTED BY COVID-19 | $48,035 |
CANCER SUPPORT COMMUNITY SAN FRANCISCO PURPOSE: TO SUPPORT ORGANIZATIONS THAT PROVIDE FRONTLINE SERVICES TO THOSE IMPACTED BY COVID-19 | $42,048 |
CASA OF CONTRA COSTA PURPOSE: TO SUPPORT ORGANIZATIONS THAT PROVIDE FRONTLINE SERVICES TO THOSE IMPACTED BY COVID-19 | $27,670 |
CHILDREN'S NETWORK OF SOLANO COUNTY PURPOSE: TO SUPPORT ORGANIZATIONS THAT PROVIDE FRONTLINE SERVICES TO THOSE IMPACTED BY COVID-19 | $10,571 |