Georgia Credit Union Foundation
- Assets
- $281.9k
- Revenue
- $200.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 04/1990
- Data as of
- 12/2018
- EIN
- 58-1799727
Organization Overview
Georgia Credit Union Foundation is located in Duluth, GA. The organization was established in 1990. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. Georgia 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 12/2018, Georgia Credit Union Foundation generated $200.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $198.9k during the year ending 12/2018. While expenses have increased by 7.7% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIELD CONSULTING
TRAINING AND EDUCATION
DISASTER RELIEF
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Mercer CEO | Officer | 0 | $0 |
Jamie S Fristoe CFO | Officer | $0 | |
Kay Lytle Secretary | Officer | $0 | |
Stephen Smith Chairman | Trustee | 0 | $0 |
Keith Pritchard Vice Chair | Trustee | 0 | $0 |
Matthew Shepherd Treasurer/se | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,999 |
| Investment income | $11,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,682 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $8,262 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $43,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,695 |
| Payroll taxes | $3,135 |
| Fees for services: Management | $22,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,723 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $182 |
| Office expenses | $2,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,092 |
| Travel | $9,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $150 |
| All other expenses | $0 |
| Total functional expenses | $198,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $281,860 |
| Accounts payable and accrued expenses | $10,289 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $11,289 |
| Net assets without donor restrictions | $239,908 |
| Net assets with donor restrictions | $7,167 |
| Capital stock or trust principal, or current funds | $23,496 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $270,571 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Georgia Credit Union Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Georgia United Credit Union Foundation Inc Duluth, GA PURPOSE: GENERAL ASSISTANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerstone Military Services Inc Nashville, TN | $1,764,392 | $3,661,896 |
Pechter Family Foundation Boca Raton, FL | $10,273,716 | $1,158,819 |
Dailys Foundation Inc Jacksonville, FL | $115,385 | $1,208,965 |
Change For Change Of Tampabay Inc Seminole, FL | $1,756 | $607,470 |
Heroes Journey Inc Riverview, FL | $27,686 | $473,098 |
Jason And Adriana West Foundation Cary, NC | $5,027,452 | $160,716 |
Cleveland High School Band Parents Association Garner, NC | $80,928 | $387,764 |
Twinkling Eyes Foundation Mount Pleasant, SC | $3,161,046 | $426,766 |
Liz Whitney Tippett Foundation Inc Palm Coast, FL | $4,511,994 | $188,359 |
Juice Orange Mound Memphis, TN | $449,753 | $0 |
Wounded Warriors Of Collier County Inc Naples, FL | $1,196,806 | $986,317 |
Georgia Credit Union Foundation Duluth, GA | $281,860 | $200,370 |