2023-05-02T09:55:49-07:00 2022-12-31 222947255 Lear & Pannepacker LLP 791 Alexander Road Princeton NJ 08540 990 2022-01-01 202706810 Affinity Federal Credit Union Foundation AFFI 9088603902 73 Mountainview Blvd Basking Ridge NJ 07920 Karla Wallack Executive Director 2023-05-02 true Karla Wallack 999009999 true Kenneth L Siegel CPA P00181363 6094522200 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Karla Wallack 73 Mountainview Blvd Basking Ridge NJ 07920 517726 false X www.affinitygives.org X 2005 NJ The Foundation is the philanthropic arm of Affinity Federal Credit Union and its members. 12 12 0 58 0 269509 458758 0 2090 4549 -25257 -64782 246342 398525 151600 399500 0 0 0 22428 61111 42093 212711 441593 33631 -43068 573756 788142 248485 573756 539657 To provide members and communities with solutions to improve financial wellness, educational programs that enable self-sufficiency, and support that ensures access to essential healthcare services. false false 353214 345300 Financial support to nonprofit organization that align with our mission. 39200 39200 Financial and social support for individuals living in poverty 15000 15000 Scholarship programs for students 407414 true true false false false false false false false false false false false false true true true false false false false false false false true false false true true true false false false false false false false false false false false false false true false false false true 15 0 false 0 false false false false false true true false 0 false false false false false false false X 12 12 false false true false true true false true true false false true true true true true true false false false NJ NY X Karla Wallack 9088603902 73 Mountainview Blvd Basking Ridge NJ 07920 Karla Wallack Executive Dir. 35.00 0.00 X 0 151389 9083 John Fenton Chair 0.50 0.00 X X 0 0 0 Joseph Herbst Vice Chair 0.50 0.00 X X 0 0 0 Andre Solomon Treasurer 0.50 0.00 X X 0 0 0 Kawanzaa King Secretary 0.50 0.00 X X 0 0 0 Luis Alzate-Duque Trustee 0.50 0.00 X 0 0 0 Pamela Cohen Trustee 0.50 0.00 X 0 0 0 Frank Giannelli Trustee 0.50 0.00 X 0 0 0 Michelle Jansen Trustee 0.50 0.00 X 0 0 0 Jacquelyn Kearns Trustee 0.50 0.00 X 0 0 0 MaryAnne Melanson Trustee 0.50 0.00 X 0 0 0 Sandy Sharp Trustee 0.50 0.00 X 0 0 0 Shay Wadher Trustee 0.50 0.00 X 0 0 0 151389 9083 0 false true false 0 3572 242370 212816 458758 0 4549 4549 0 0 0 0 54419 242370 119201 -64782 0 0 0 398525 4549 345300 345300 54200 54200 0 0 0 0 0 0 0 0 0 0 9240 9240 0 0 0 9908 3800 6108 0 16162 4114 1064 10984 0 0 0 0 0 0 0 0 0 1415 1415 Merchant fees 5259 5259 Miscellaneous 109 32 77 0 441593 407414 11751 22428 37983 35865 535773 732516 11750 0 0 0 0 0 8011 0 0 0 0 0 0 573756 788142 2685 230800 15000 0 248485 X 573756 539657 573756 539657 573756 788142 -43068 8969 X X false true X false false X 317503 289210 93361 269509 458758 1428341 0 0 0 0 317503 289210 93361 269509 458758 1428341 0 0 1428341 6363 11194 5852 2090 4549 30048 0 6363 11194 5852 2090 4549 30048 0 0 323866 300404 99213 271599 463307 1458389 0.97940 0.98020 0.02060 0.02000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Refundable advances 15000 15000 X 688243 289718 289718 398525 398525 731311 289718 289718 441593 441593 Part X : FIN48 Footnote The Foundation has been classified by the Internal Revenue Service as an organization described under section 501(c)(3) of the Internal Revenue Code (the "Code") as exempt from federal income taxes under section 501(a) of the Code.ASC Topic 740 Accounting for Uncertainty in Income Taxes clarifies the accounting for uncertainty in income taxes recognized in an entitys financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. The guidance also provides instruction on derecognition, classification, interest and penalties, accounting in interim periods, and disclosure. The Foundation's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively. false Golf 208247 165203 43044 1000 18292 12170 24554 Gala 88542 77167 11375 6622 2500 12838 31983 8117 296789 242370 54419 6622 3500 31130 44153 32671 118076 -63657 true Americas Grow-a-Row 150 Pittstown Road Pittstown NJ 08867 262569598 501(c)(3) 75500 0 Operational Support Community Hope Inc 959 Route 46 East Parsippany NJ 07054 222647038 501(c)(3) 64000 0 Operational Support Elijahs Promise 211 Livingston Avenue New Brunswick NJ 08901 223055539 501(c)(3) 5500 0 Operational Support Homeless Solutions Inc 3 Wing Drive Cedar Knolls NJ 07927 222491675 501(c)(3) 65000 0 Operational Support Norwescap 84 Park Ave Suite E103 Flemington NJ 08822 221777156 501(c)(3) 65000 0 Operational Support 5 0 College scholarships 6 15000 Member Relief Fund 77 39200 Grantmaker's Description of How Grants are Used Procedures Community GrantsCommunity Grants are on an invitation basis. Applications are reviewed by a foundation committee 2-4 times per year. Eligible organizations must be:Tax exempt under 501(c)(3) of the internal revenue code.In good financial standing.Non-discriminatory for any reason, including race, religion, creed, age, sex, sexual orientation and/or national origin.For first time applicants who meet the guidelines, grants will range from $1,000 to $3,000. For recurring grant applications who meet the guidelines grants will range from $1,000 to $10,000. Procedures for ScholarshipsScholarship applications are reviewed by a foundation committee once per year. Eligible students must complete the application including standard essay question and provide both references and transcripts. Student must also be either:Enrolling in a community college or trade school;Enrolling in a four-year school;Enrolling at Rutgers University; orReturning to school for continuing education.Procedures for Member Relief FundIndividuals are referred to the Member Relief Fun through the Affinity Federal Credit Union. Applications are reviewed and approved by foundation staff. Eligible recipients are those that are undergoing a financial crisis. Approved individuals receive an emergency grant and connection to social services.Procedures for Multi-Year Grant ProgramOrganizations applying for Multi Year Grants are selected by foundation staff from the Community Grants program and approved by our board Philanthropy Committee. Successful applicants will demonstrate that the grant will be transformational on either a program or capital project basis, will align with all three of our pillars (financial wellbeing, education, and healthcare) and will assist people living in poverty. Grants are large commitments over a multi-year period. Grant approval is by board vote and grant reports are required each year of the grant period. false false false false false false false false false Karla Wallack Executive Dir. 130834 20555 9083 160472 Form 990, Part VI, Section A, Line 4 The Foundation updated its bylaws in 2022 Form 990, Part VI, Section A, Line 6 Beginning in 2022, there are Foundation members Form 990, Part VI, Section B, Line 11b The entire 990 is reviewed and approved by Finance and Audit Committee. A copy of the entire 990 is provided to the board for review prior to filing. Form 990, Part VI, Section B, Line 12c Conflicts of interested are reviewed by Board Development Committee and by the larger board as they arise. Form 990, Part VI, Section C, Line 19 The Foundation makes its governing documents, conflict policy and financial information available upon written request. Form 990, Part XII, Line 1 - Change in accounting method The Organization changed its method of accounting from the cash basis to the accrual basis in 2022. Affinity Federal Credit Union 73 Mountainview Blvd Basking Ridge NJ 07920 135562114 Financial NJ 501(c)1 NA false false false true false false false false false false false false false false true true false false false false Affinity Federal Credit Union c 194072 Cash received Affinity Federal Credit Union n 4016 Alloc by sq ft Affinity Federal Credit Union o 285702 Actual payrolls