State Employees Credit Union Foundation
- Assets
- $60.8m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 01/2002
- Data as of
- 06/2022
- EIN
- 56-2255292
Organization Overview
State Employees Credit Union Foundation is located in Raleigh, NC. The organization was established in 2002. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. State Employees 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 06/2022, State Employees Credit Union Foundation generated $19.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $18.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, State Employees Credit Union Foundation has awarded 4,604 individual grants totaling $56,249,098. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jama Campbell Executive Director | 40 | $0 | |
Bob Brinson Chair | 1 | $0 | |
Chris Ayers Vice Chair | 1 | $0 | |
Alice Garland Secretary/treasurer | 1 | $0 | |
J Lee Brown III Director | 1 | $0 | |
Karan Bunn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,136,817 |
| Interest on Savings | $219,215 |
| 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 | $19,356,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,958 |
| Total operating and administrative expenses | $32,450 |
| Contributions, gifts, grants paid | $18,150,616 |
| Total expenses and disbursements | $18,183,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $628,550 |
| Savings and temporary cash investments | $42,371,454 |
| 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 | $17,769,196 |
| Total assets | $60,769,200 |
| Accounts payable and accrued expenses | $247,009 |
| Grants payable | $25,951,758 |
| 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 | $26,198,767 |
Grants Awarded
Over the last fiscal year, State Employees Credit Union Foundation has awarded $27,601,343 in support to 2,299 organizations.
| Grant Recipient | Amount |
|---|---|
AALIYAH VANESSA ROSE GANZZERMILLER PURPOSE: SCHOLARSHIP | $1,250 |
AAMYRIA SHERRI LATTIMORE PURPOSE: SCHOLARSHIP | $2,500 |
AARON MICHAEL PITTMAN PURPOSE: SCHOLARSHIP | $2,500 |
AARON ROBERT PENNY PURPOSE: SCHOLARSHIP | $2,500 |
ABBIE ALLENA JOHNSON PURPOSE: SCHOLARSHIP | $2,500 |
ABBY LEIGH SILVERS PURPOSE: SCHOLARSHIP | $2,500 |