Gecu Foundation
- Assets
- $149.1k
- Revenue
- $787.9k
- Investments
- $0.0
- Employees
- 0
- Location
- El Paso, TX
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 20-8801986
Organization Overview
Gecu Foundation is located in El Paso, TX. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Gecu 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, Gecu Foundation generated $787.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $857.2k during the year ending 12/2021. While expenses have increased by 48.8% per year over the past 7 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 2017, Gecu Foundation has awarded 64 individual grants totaling $2,051,403. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GECU FOUNDATION WORKS TO SUPPORT GECU MISSION, GOALS & THE CREDIT UNION MOVEMENT BY SUPPORTING CHARITABLE CAUSES FOCUSING ON ELEVEN DEVELOPMENT ISSUES THAT AFFECT OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FUNDED DONATIONS FOR SEVERAL QUALIFIED ORGANIZATIONS TO HELP ALLEVIATE THE CHALLENGES CAUSED BY THE COVID-19 PANDEMIC. THE FUNDS SUPPORTED ORGANIZATIONS AS DEMAND FOR THEIR SERVICES INCREASED SUCH AS USO EL PASO AND CHILD CRISIS CENTER. IT ALSO SUPPORTED ORGANIZATIONS THAT WORKED TO COMBAT "NEW" CHALLENGES SUCH AS JOB LOSS OR THAT HAD TO INSTILL NEW GUIDELINES TO CONTINUE THEIR MISSION IN THE MOST SECURE WAY POSSIBLE SUCH AS YWCA AND PROJECT AMISTAD.
THE FOUNDATION FUNDED EDUCATION THROUGH SCHOLARSHIPS, SCHOOL SUPPLIES AND CURRICULA THAT WERE AWARDED TO DIFFERENT QUALIFIED ORGANIZATIONS OR ACCREDITED INSTITUTIONS SUCH AS TEXAS TECH SCHOOL OF DENTAL MEDICINE, EL PASO COMMUNITY COLLEGE, AND YSLETA EDUCATION FOUNDATION IN ORDER TO SUPPORT THE CONSUMERS IN IMPROVING THEIR QUALITY OF LIFE AND ENRICH OUR COMMUNITY.
THE FOUNDATION SUPPORTED OTHER COMMUNITY CHARITABLE ORGANIZATIONS SUCH AS UNITED WAY OF EL PASO COUNTY, HOSPICE EL PASO AND PROJECT VIDA TO HEP THE PEOPLE IN OUR COMMUNITY LIVE THEIR BEST LIFE POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Vaughn Treasurer And Secretary | OfficerTrustee | 2 | $0 |
Crystal Long President | OfficerTrustee | 2 | $0 |
Valerie Venegas Director | Trustee | 2 | $0 |
Tomas Sigala Jr Director | Trustee | 2 | $0 |
Elvira Valles Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $524,253 |
| Noncash contributions included in lines 1a–1f | $44,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $724,253 |
| Total Program Service Revenue | $0 |
| Investment income | $897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,712 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $787,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $606,145 |
| 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 | $5,969 |
| Fees for services: Accounting | $3,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $958 |
| Advertising and promotion | $61,056 |
| Office expenses | $7,944 |
| Information technology | $12,557 |
| Royalties | $0 |
| Occupancy | $20,222 |
| 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 | $1,800 |
| All other expenses | $22,583 |
| Total functional expenses | $857,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,392 |
| 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 | $11,660 |
| 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 | $149,052 |
| 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 | $145,239 |
| Net assets with donor restrictions | $3,813 |
| 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 | $149,052 |
Grants Awarded
Over the last fiscal year, Gecu Foundation has awarded $512,617 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
El Paso, TX PURPOSE: GENERAL SUPPORT | $138,710 |
Lubbock, TX PURPOSE: FUNDED SCHOLARSHIP | $64,600 |
El Paso, TX PURPOSE: GENERAL SUPPORT | $35,000 |
El Paso, TX PURPOSE: GENERAL SUPPORT | $26,732 |
El Paso, TX PURPOSE: GENERAL SUPPORT | $25,250 |
El Paso, TX PURPOSE: GENERAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gecu Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Prosperity Now Washington, DC PURPOSE: TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |