First Federal Credit Union Foundation
- Assets
- $294.9k
- Revenue
- $32.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Hiawatha, IA
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 82-5181234
Organization Overview
First Federal Credit Union Foundation is located in Hiawatha, IA. 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. First Federal 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 12/2021, First Federal Credit Union Foundation generated $32.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 62.5% each year . All expenses for the organization totaled $30.2k during the year ending 12/2021. While expenses have increased by 23.2% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lawrence President | 0.5 | $0 | |
Doug Netolicky Vice President | 0.5 | $0 | |
Tom Chalstrom Director | 0.5 | $0 | |
Nancy Kahle Director | 0.5 | $0 | |
Geneva Williams Director | 0.5 | $0 | |
Nancy Peterson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,489 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,930 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,928 |
| Capital Gain Net Income | $8,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,347 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,202 |
| Total operating and administrative expenses | $4,014 |
| Contributions, gifts, grants paid | $26,145 |
| Total expenses and disbursements | $30,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,554 |
| Savings and temporary cash investments | $293,301 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $294,855 |
| 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, First Federal Credit Union Foundation has awarded $26,145 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
HIAWATHA LIBRARY PURPOSE: HIAWATHA LIBRARY CAPITAL CAMPAIGN | $5,000 |
FRIENDS OF THE FAMILY PURPOSE: PROGRAM SUPPORT | $2,800 |
TREES FOREVER PURPOSE: REPLACEMENT TREES | $2,500 |
HIS HANDS FREE CLINIC PURPOSE: MEDICAL SERVICES | $1,500 |
JUNIOR ACHIEVEMENT PURPOSE: FINANCIAL EDUCATION PROGRAM SUPPORT | $1,300 |
FOUR OAKS PURPOSE: STUDENT EMPLOYMENT READINESS | $1,200 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that First Federal Credit Union Foundation has recieved totaling $2,376.
| Awarding Organization | Amount |
|---|---|
First Federal Credit Union Foundation Hiawatha, IA PURPOSE: PURCHASE SCHOOL SUPPLIES EVENT SPONSOR | $1,188 |
First Federal Credit Union Foundation Hiawatha, IA PURPOSE: PURCHASE SCHOOL SUPPLIES EVENT SPONSOR | $1,188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |