Mutual Credit Union Foundation
- Assets
- $25.0k
- Revenue
- $26.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Vicksburg, MS
- Founding
- Data as of
- 12/2023
- EIN
- 86-3714684
Organization Overview
Mutual Credit Union Foundation is located in Vicksburg, MS. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mutual 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 12/2023, Mutual Credit Union Foundation generated $26.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $27.1k during the year ending 12/2023. 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 |
|---|---|---|---|
Jennifer Lynne Mcmillin Treasurer | 2 | $0 | |
Clara Kilman Chairwoman | 2 | $0 | |
Esther Butler Board Member | 2 | $0 | |
Ashley Sampley Secretary | 2 | $0 | |
Alicia Bounds Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,775 |
| 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 | $0 |
| Total Revenue | $26,775 |
| 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 | $633 |
| Total operating and administrative expenses | $1,783 |
| Contributions, gifts, grants paid | $25,287 |
| Total expenses and disbursements | $27,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,015 |
| 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 | $25,015 |
| 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, Mutual Credit Union Foundation has awarded $25,287 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
STOREHOUSE COMMUNITY FOOD PANTRY PURPOSE: DONATION | $1,000 |
MEDGAR AND ANGELA SCOTT FOUNDATION PURPOSE: CONTRIBUTION FOR STUDENT TUITION SUPPORT | $5,000 |
UNITED WAY OF WEST CENTRAL MS PURPOSE: CONTRIBUTION TO THE ROLLING FORK RELIEF EFFORTS | $5,000 |
HOPE ALIGHT PURPOSE: DONATION TO PURCHASE EMERGENCY KITS FIRE SAFETY KITS AND PERSONAL CARE PACKAGES. | $1,000 |
UNITED WAY OF WEST CENTRAL MISSISSI PURPOSE: CONTRIBUTION OF BOOKS | $3,287 |
SKYLAR CONNELLY PURPOSE: SCHOLARSHIP | $3,000 |