Ohio Credit Union Foundation

Organization Overview

Ohio Credit Union Foundation is located in Columbus, OH. The organization was established in 1998. 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. Ohio 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, Ohio Credit Union Foundation generated $264.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $176.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Ohio Credit Union Foundation has awarded 79 individual grants totaling $995,932. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE OHIO CREDIT UNION FOUNDATIONIS ACTIVE IN AND DEDICATED TO 1) PROMOTING FINANCIAL EDUCATION TO BENEFIT CREDIT UNION MEMBERS, OHIO STUDENTS, AND THE PUBLIC AT LARGE,2) HELPING CREDIT UNIONS IMPLEMENT PROGRAMS WITHIN THEIR COMMUNITIESTHAT FULFILL THEIR SOCIAL RESPONSIBILITY TO MAKE FINANCIAL SERVICESAFFORDABLE AND ACCESSIBLE TO ALL MEMBERS, INCLUDING THOSE OF MODESTMEANS OR TO AREAS IN FINANCIAL DISTRESS, 3) PROVIDING PROFESSIONALDEVELOPMENT GRANTS TO ASSIST CREDIT UNION EMPLOYEES AND VOLUNTEERLEADERS WITH TRAINING TO ACHIEVE PROFESSIONAL EXCELLENCE, 4) OFFERINGFINANCIAL RELIEF TO CREDIT UNIONS, THEIR EMPLOYEES, MEMBERS, AND THEIRCOMMUNITIES IN THE WAKE OF DISASTERS SUCH AS FLOODS, EARTHQUAKES,TORNADOS, OR FIRES, AND 5) EMPOWERING PEOPLE TO IMPROVE THEIR FINANCIALWELL-BEING BASED ON THE VALUES OF SELF-HELP, SELF-RESPONSIBILITY,DEMOCRACY, EQUALITY, AND EQUITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS FOR PROFESSIONAL DEVELOPMENT AND SECONDARY EDUCATION,GRANTS FOR OUTREACH AND FINANCIAL EDUCATION PROGRAMMING, AND DONATIONSFOR DISASTER RELIEF.


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Board, Officers & Key Employees

Name (title)Compensation
Jeannie Fye
Director
$0
Tammy Cantrell
Secretary/treasurer
$0
Dean Pielemeier
Director
$0
Becky Landis
Chair
$0
Kimberly Conner
Dir. Member Experience
$0
Paul Mercer
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$186,587
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$186,587
Total Program Service Revenue$0
Investment income $3,665
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $74,444
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $264,696

Grants Awarded

Over the last fiscal year, Ohio Credit Union Foundation has awarded $78,136 in support to 6 organizations.

Grant RecipientAmount

TRUECORE FCU

PURPOSE: FINANCIAL EDUCATION GRANTS

$31,936

NOTEWORTHY FCU

PURPOSE: WILLIAM A HERRING SOCIAL RESPONSIBILITY GRANT: STRATEGIC PLAN DEVELOPMENT

$15,000

NATIONAL CREDIT UNION FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: CU AID - HURRICANE IDA RELIEF

$10,000

LAKE COUNTY EDUCATIONAL FCU

PURPOSE: FOSTER CARE YOUTH PROGRAM

$10,000

FIRST MIAMI UNIVERSITY STUDENT FCU

PURPOSE: FINANCIAL EDUCATION GRANTS

$6,000

BMI FCU

PURPOSE: FINANCIAL FITNESS BOOT CAMP PILOT PROGRAM

$5,200
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ohio Credit Union Foundation has recieved totaling $116.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$116
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
George Gund Foundation
Cleveland, OH
$120,923,136
Oberkotter Foundation
Philadelphia, PA
$23,009,013
Lumina Foundation For Education Inc
Indianapolis, IN
$124,727,424
Pnc Foundation
Pittsburgh, PA
$3,451,991
Sarah Scaife Foundation Inc
Pittsburgh, PA
$79,121,296
J Howard Pew Freedom Tr
Philadelphia, PA
$64,346,772
Mccune Foundation
Pittsburgh, PA
$38,182,239
The Meijer Foundation
Grand Rapids, MI
$43,970,388
Nationwide Foundation
Columbus, OH
$42,470,606
Dietrich Foundation
Pittsburgh, PA
$93,476,192
Ford Motor Co Fund
Dearborn, MI
$51,364,996
Farmer Family Foundation
Cincinnati, OH
$63,392,827

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