Service Credit Union Impact Foundation
- Assets
- $231.0k
- Revenue
- $689.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- Data as of
- 12/2022
- EIN
- 84-3223773
Organization Overview
Service Credit Union Impact Foundation is located in Portsmouth, NH. 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. Service Credit Union Impact 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 12/2022, Service Credit Union Impact Foundation generated $689.7k in total revenue. All expenses for the organization totaled $612.4k during the year ending 12/2022. While expenses have increased by 256.2% per year over the past 4 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 2020, Service Credit Union Impact Foundation has awarded 42 individual grants totaling $1,006,063. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISER TO SUPPORT THE ROBERT IRVINE FOUNDATION IN THEIR CHARITABLE WORK IN SUPPORT OF CURRENT AND RETIRED MILITARY MEMBERS AND THEIR FAMILIES.
SPRING GALA FUNDRAISER TO SUPPORT FIVE COMMUNITY ACTION PARTNERSHIP AGENCIES IN NH, SPECIFICALLY THEIR AFFORDABLE HOUSING & HOMELESSNESS PROGRAMS & SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Araujo President | 1 | $0 | |
Tyler Phil Treasurer | 1 | $0 | |
Wendy Beswick Vp/secretary | 1 | $0 | |
Michael Dvorak Board Member | 1 | $0 | |
May Hatem Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $610,727 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $78,982 |
| Total Revenue | $689,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160,005 |
| Total operating and administrative expenses | $160,005 |
| Contributions, gifts, grants paid | $452,436 |
| Total expenses and disbursements | $612,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,046 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $231,046 |
| 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, Service Credit Union Impact Foundation has awarded $452,436 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ABBIE TAWALUJANUNIVERSITY OF NEW HA PURPOSE: SCHOLARSHIP | $2,500 |
ALIDA BATESUNIVERSITY OF NEW HAVEN PURPOSE: SCHOLARSHIP | $2,500 |
ANDREW WAGNERUNIVERSITY OF VIRGINIA PURPOSE: SCHOLARSHIP | $2,500 |
ANNA FERNANDEZSYRACUSE UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
ANNA MURRAYMARIST COLLEGE PURPOSE: SCHOLARSHIP | $2,500 |
ANNIKA GEIBEN LYNNNORTHEASTERN UNIV PURPOSE: SCHOLARSHIP | $2,500 |