Granite Credit Union Foundation
- Assets
- $51.5k
- Revenue
- $59.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Millcreek, UT
- Founding
- Data as of
- 12/2023
- EIN
- 87-4601625
Organization Overview
Granite Credit Union Foundation is located in Millcreek, UT. 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. Granite 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, Granite Credit Union Foundation generated $59.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $33.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (37.3%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Granite Credit Union Foundation has awarded 84 individual grants totaling $118,544. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS
GRANTS TO TEACHERS AND SCHOOLS
GRANTS TO GRANITE EDUCATION FOUNDATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Young Board Chair | 1 | $0 | |
Julie Morgan Vice-Chair | 1 | $0 | |
Garrett Laws Board Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,601 |
| Interest on Savings | $41 |
| 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 | $59,642 |
| 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 | $230 |
| Total operating and administrative expenses | $230 |
| Contributions, gifts, grants paid | $33,650 |
| Total expenses and disbursements | $33,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,467 |
| 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 | $51,467 |
| 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, Granite Credit Union Foundation has awarded $33,650 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ANGIE INGRID GONZALES PURPOSE: EDUCATION SCHOLARSHIP | $500 |
SHELLEY GARDNER PURPOSE: TEACHER GRANT | $350 |
SHEILA TURJOUK PURPOSE: EDUCATION SCHOLARSHIP | $1,000 |
ADAM WILKERSON PURPOSE: EDUCATION SCHOLARSHIP | $5,000 |
AINSLEY SCHENK PURPOSE: EDUCATION SCHOLARSHIP | $5,000 |
SYDNEY CUNDICK PURPOSE: EDUCATION SCHOLARSHIP | $5,000 |