Park Community Credit Union Foundation Inc
- Assets
- $251.5k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- Data as of
- 12/2023
- EIN
- 84-4213550
Organization Overview
Park Community Credit Union Foundation Inc is located in Louisville, KY. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Community 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 12/2023, Park Community Credit Union Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 22.7% per year over the past 3 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 2022, Park Community Credit Union Foundation Inc has awarded 17 individual grants totaling $1,536,361. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PARK COMMUNITY CREDIT UNION FOUNDATION STRIVES TO BUILD A MORE VIBRANT COMMUNITY WHERE EVERYONE HAS EQUITABLE ACCESS TO LEARN, GROW, AND THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PATHWAYS TO PROSPERITY PROGRAM IS A COMPETITIVE GRANT PROGRAM FOR PROJECTS FROM PUBLIC CHARITIES IN THE AREAS OF FINANCIAL WELL-BEING, EDUCATION AND THRIVING COMMUNITIES. IN 2023, FOUR ORGANIZATIONS RECEIVED FUNDING.
NORTH EAST CHRISTIAN CHURCH FUND, ROTARY OF WEST LOUISVILLE INITIATIVE, WILLIAM CHRISTIAN LEWIS SHADBURNE MEMORIAL SCHOLARSHIP
THE COMMUNITY SERVICE FUND PROVIDES GRANTS TO CHARITABLE ORGANIZATIONS WHERE PARK COMMUNITY CREDIT UNION EMPLOYEES HAVE VOLUNTEERED. IN 2023, 19 ORGANIZATIONS RECEIVED COMMUNITY SERVICE FUND GRANTS.
THE EMPLOYEE ASSISTANCE FUND IS AN EMERGENCY FUND ADMINISTERED TO HELP PARK COMMUNITY CREDIT UNION EMPLOYEES DURING A TIME OF HARDSHIP. IN 2023, 20 EMPLOYEES RECEIVED ASSISTANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Spradlin Board Member (term Ended 11/30/23) | Trustee | 1 | $0 |
David Shadburne Board Member (term Ended 2/14/23) | Trustee | 1 | $0 |
Terra Leavell Board Member | Trustee | 1 | $0 |
Dwight Haygood Jr Board Member | Trustee | 1 | $0 |
David Constantino Board Member (term Ended 12/29/23) | Trustee | 1 | $0 |
Sharon Williams Board Member | Trustee | 1 | $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 | $1,708,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,708,186 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,737,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,375,000 |
| Grants and other assistance to domestic individuals. | $36,534 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,707 |
| Advertising and promotion | $0 |
| Office expenses | $684 |
| Information technology | $2,571 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,559 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,580 |
| All other expenses | $2,168 |
| Total functional expenses | $1,489,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $101,780 |
| 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 | $16,205 |
| 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 | $251,536 |
| Accounts payable and accrued expenses | $4,938 |
| 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 | $19,625 |
| Total liabilities | $24,563 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $226,973 |
| Total liabilities and net assets/fund balances | $251,536 |
Grants Awarded
Over the last fiscal year, Park Community Credit Union Foundation Inc has awarded $1,375,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR ACHIEVEMENT PURPOSE: FINANCIAL LITERACY EDUCATION PROJECT FOR HIGH SCHOOL STUDENTS | $5,769 |
ONE PLUS ONE EQUALS U PURPOSE: PROVIDING STUDENT ATHLETES WITH COLLEGE AND CAREER READINESS | $25,000 |
VETERANS CLUB INC PURPOSE: PROVIDING AUTOMOTIVE REPAIR SKILLS AND EQUIPMENT FOR VETERANS AND FIRST RESPONDERS | $25,000 |
HOME OF THE INNOCENTS PURPOSE: FINANCIAL LITERACY CLASS MATERIALS TO YOUNG ADULTS AND THEIR CHILDREN EXPERIENCING HOMELESSNESS | $19,231 |
PARK COMMUNITY CREDIT UNION PURPOSE: ROTARY CLUB OF LOUISVILLE WEST LOUISVILLE HOUSING FUND | $1,300,000 |