Beacon Credit Union Foundation Inc
- Assets
- $446.1k
- Revenue
- $102.6k
- Investments
- $382.2k
- Employees
- 0
- Location
- Wabash, IN
- Founding
- 11/2012
- Data as of
- 12/2022
- EIN
- 45-3814789
Organization Overview
Beacon Credit Union Foundation Inc is located in Wabash, IN. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Beacon Credit Union Foundation Inc 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, Beacon Credit Union Foundation Inc generated $102.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $85.3k during the year ending 12/2022. While expenses have increased by 15.2% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Dale Chairman | 0.25 | $0 | |
Lindsay Culver Board Member | 0.25 | $0 | |
James Yates Board Member | 0.25 | $0 | |
John Peters Secretary/treasurer | 0.25 | $0 | |
Sara Delbecq Board Member | 0.25 | $0 | |
Roger Bragg Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $32 |
| Dividends & Interest | $9,087 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,534 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81 |
| Total operating and administrative expenses | $5,089 |
| Contributions, gifts, grants paid | $80,250 |
| Total expenses and disbursements | $85,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,853 |
| 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 | $446,095 |
| 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, Beacon Credit Union Foundation Inc has awarded $21,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE OF GRACE COMPASSIONATE PURPOSE: COMMUNITY ACTIVITY | $1,000 |
RETIRED SENIOR VOLUNTEER PROGRAM (RSVP) PURPOSE: PACK A BACKPACK PROGRAM | $1,000 |
MATTHEWS MARKET PURPOSE: COMMUNITY ACTIVITY | $1,000 |
WOMEN'S LIFE HOUSE PURPOSE: COMMUNITY ACTIVITY | $500 |
HABITAT FOR HUMANITY OF MARSHALL COUNTY PURPOSE: COMMUNITY ACTIVITY | $1,000 |
THE SCRATCHING POST CAT RESCUE PURPOSE: COMMUNITY ACTIVITY | $250 |