2023-10-16T13:52:31-05:00 2022-12-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2022-01-01 421438113 IOWA CREDIT UNION FOUNDATION IOWA 5152213002 7745 OFFICE PLAZA DR NORTH 170 WEST DES MOINES IA 50266 JELENA BABIC BARNES EXECUTIVE DIRECTOR 5152213002 2023-10-11 1 JELENA BABIC BARNES XXX-XX-XXXX 1 KATHY FAIRCHILD P00222608 5155586600 2023-10-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JELENA BABIC BARNES 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 668468 0 X WWW.IOWACREDITUNIONFOUNDATION.ORG X 1995 IA ICUF'S MISSION IS TO CHAMPION FINANCIAL WELL-BEING FOR ALL. 14 14 2 15 0 0 413287 376405 11100 10200 141973 -2588 66547 41830 632907 425847 76219 104716 0 0 71276 119538 0 0 83436 186859 202636 334354 426890 298553 -1043 2331808 2092625 7656 14073 2324152 2078552 X FOUNDED IN 1995 AS THE PHILANTHROPIC ARM OF THE IOWA CREDIT UNION LEAGUE AND GUIDED BY THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE", THE IOWA CREDIT UNION FOUNDATION WORKS TO CHAMPION FINANCIAL WELL-BEING FOR ALL. ICUF'S VISION IS TO BE A HUB FOR CREDIT UNION PHILANTHROPY. 0 0 30930 30930 INDIVIDUAL DEVELOPMENT ACCOUNTS - MATCHED SAVINGS ACCOUNTS FOR LOW AND MODERATE INCOME WORKING SAVERS. ICUF MATCHES SAVINGS UP TO A CERTAIN AMOUNT BASED UPON GUIDELINES FROM MATCH FUND PROVIDERS. SAVERS USER THE MONEY TO PURCHASE AN ASSET SUCH AS A HOME, BUSINESS, EDUCATION, OR VEHICLE. 23000 23000 SCHOLARSHIPS: ICUF OFFERS WARREN A. MORROW MEMORIAL SCHOLARSHIPS TO CREDIT UNION MEMBERS PURSUING OR COMPLETING POST-SECONDARY EDUCATION. 20000 ECONOMIC REALITIES OF COMMUNITIES OF COLOR IN IOWA: A STATEWIDE REPORT:IN AN EFFORT TO SUPPORT FINANCIAL INSTITUTIONS AND COMMUNITY ORGANIZATIONS WITH ACTIONABLE DATA, ICUF HAS INVESTED IN THE CREATION OF A STATEWIDE REPORT, "ECONOMIC REALITIES OF COMMUNITIES OF COLOR IN IOWA". THE RESEARCH AIMED TO UNDERSTAND THE FINANCIAL REALITIES OF IOWANS WHO FACE BARRIERS TO ACCESSING FINANCIAL SERVICES, PARTICULARLY WITHIN BLACK/AFRICAN AMERICAN, NON-WHITE COMMUNITIES (E.G., HISPANIC, ASIAN, NATIVE-AMERICAN), AND OTHER MARGINALIZED COMMUNITIES. RESEARCH INCORPORATES BOTH QUALITATIVE AND QUANTITATIVE DATA, AND REPORTS ON SIX INDICATORS COMMONLY USED BY NON-PARTISAN INITIATIVES AND RESEARCHERS TO MEASURE ECONOMIC WELL-BEING AND FINANCIAL INCLUSION: EMPLOYMENT, HOUSING, BUSINESS OWNERSHIP, EDUCATION, CHILDCARE AND HEALTH. 142257 50786 10200 PEOPLE HELPING PEOPLE FINANCIAL COACH TRAINING PROGRAM, DISASTER RELIEF, ETC. 142257 50786 10200 216187 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IA X TRAVIS SCHIPPER 5156127343 7745 OFFICE PLAZA DR NORTH 170 WEST DES MOINES IA 50266 JELENA BABIC BARNES EXECUTIVE DIRECTOR 40.00 X 78512 0 13615 ANN MCMILLIAN CHAIR 1.00 X X 0 0 0 MARIAN HOLMES VICE CHAIR 1.00 X X 0 0 0 JORDAN HENSLEY SECRETARY 1.00 X X 0 0 0 JULIE WILLSE TREASURER 1.00 X X 0 0 0 ALEJANDRO ALANIZ DIRECTOR 0.50 X 0 0 0 JIM ANDERSON DIRECTOR 0.50 X 0 0 0 MARY BONTRAGER DIRECTOR 0.50 X 0 0 0 ADAM CARROLL DIRECTOR 0.50 X 0 0 0 ANGELA DRURY DIRECTOR 0.50 X 0 0 0 DONNA DYER-BISCHOFF DIRECTOR 0.50 X 0 0 0 DANIELLE GRATTON DIRECTOR 0.50 X 0 0 0 JENNIFER NAEVE DIRECTOR 0.50 X 0 0 0 REBECCA NEADES DIRECTOR 0.50 X 0 0 0 PAULA O'ROURKE DIRECTOR 0.50 X 0 0 0 78512 0 13615 0 0 0 0 0 55900 320505 376405 FINANCIAL COACH 523940 10200 10200 10200 38070 38070 159830 200488 -40658 -40658 -40658 83963 55900 42133 41830 41830 425847 10200 0 39242 44286 44286 60430 60430 92127 31323 30402 30402 8569 2913 2828 2828 4836 1644 1596 1596 6818 2318 2250 2250 7188 2444 2372 2372 33207 33207 3108 3108 9180 9180 14879 14879 33966 11548 11209 11209 18230 6198 6016 6016 26973 9171 8901 8901 5845 1987 1929 1929 4629 4629 1128 1128 FINANCIAL COACH EXPENSE 21925 21925 EDUCATIONAL PUBLICATION 20000 20000 TUITION REIMBURSEMENT 5000 5000 ACTIVITIES & RECOGNITIO 3403 3403 1163 109 1054 426890 216187 127267 83436 851303 871229 1023 1568 219 230 7200 7200 0 0 1479263 1219598 2331808 2092625 7656 14073 7656 14073 X 0 0 0 0 2324152 2078552 2324152 2078552 2331808 2092625 -1043 -244557 0 X 0 1 X 1 0 X 239781 461150 2451294 413287 376405 3941917 239781 461150 2451294 413287 376405 3941917 2312450 1629467 1807 1490 15224 27604 38070 84195 4026112 0.40470 0.41120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 75 75 0 PART II-B, LINE 1: THE EXECUTIVE DIRECTOR VISITS THE IOWA CAPITOL DURING THE LEGISLATIVE SESSION TO ATTEND LOBBY DAYS FOR MISSION ALIGNED PARTNERS (IOWA COALITION AGAINST DOMESTIC VIOLENCE, HABITAT FOR HUMANITY, UNITED WAY) TO LOBBY ON ISSUES THAT IMPACT THE FINANCIAL WELL-BEING OF IOWANS. THE TYPE OF ACTIVITY INVOLVED IS IN RELATION TO THE CHILDCARE CLIFF, FINANCIAL EDUCATION IN SCHOOLS, ETC. 1 0 0 1225330 1 1 170078 73150 79544 163684 146230 81367 57519 170078 129961 779225 762956 146230 174826 31500 -76365 129961 242837 71500 722 -140233 174826 0.00000 0.00000 1.00000 0 0 7200 7200 0 0 RESTRICITED INVESTMENTS 1219598 C 1219598 X 233423 -244557 52133 -192424 425847 0 425847 479023 52133 52133 426890 0 426890 PART V, LINE 4: THE FUNDS WILL BE USED TO AWARD GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN ALIGNMENT WITH THE FOUNDATION'S MISSION. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NONPROFIT CORPORATION WHICH IS EXEMPT FROM FEDERAL AND STATE ACTIVITIES TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE INCLUDED IN REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE INCLUDED IN REVENUE PART XI, LINE 4B AND PART XII, LINE 4B CERTAIN ITEMS OF REVENUE AND EXPENSE ARE SHOWN ON A NET BASIS FOR PRESENTATION IN THE FORM 990 WHILE THEY ARE SHOWN ON A GROSS BASIS FOR PRESENTATION IN THE AUDITED FINANCIAL STATEMENTS TO CONFORM TO GAAP. ANNUAL CONVENTION 90968 43400 47568 23331 3181 1131 GOLF OUTING 48895 12500 36395 600 269 7568 5269 784 139863 55900 83963 600 269 7568 28600 3181 1915 42133 41830 1 UNIVERSITY OF NORTHERN IOWA FOUNDATION 121 COMMONS CEDAR FALLS IA 506140239 426058591 501(C)(3) 10000 0 UNIBUSINESS FINANCIAL LITERACY EDUCATION IOWA COALITION AGAINST DOMESTIC VIOLENCE 4725 MERLE HAY ROAD STE 107 DES MOINES IA 50322 421285094 501(C)(3) 10000 0 ALLSTATE FINANCIAL LITERACY STIPENDS 2 0 INDIVIDUAL DEVELOPMENT ACCOUNTS 35 30930 N/A N/A SCHOLARSHIPS 12 23000 N/A N/A GENERAL DISASTER 13 6500 N/A N/A PART I, LINE 2: THE FOUNDATION HAS A GOVERNANCE APPROVAL PROCESS FOR LARGE GRANT REQUESTS OVER $1,000.00 PART III SCHOLARSHIPS: THE WARREN MORROW MEMORIAL SCHOLARSHIPS ARE AWARDED TO CREDIT UNION MEMBERS WHO ARE PURSUING OR COMPLETING POST-SECONDARY EDUCATION. APPLICATIONS ARE REVIEWED BY A 20 PERSON VOLUNTEER COMMITTEE WHO SELECT THE SCHOLARSHIP RECIPIENTS. DISASTER RELIEF: ICUF SUPPORTS IOWA CREDIT UNION MEMBERS WHO HAVE BEEN DISPLACED FROM THEIR HOMES FOR AN EXTENDED PERIOD OF TIME DUE TO DISASTERS SUCH AS TORNADOES, FLOODING, OR FIRE. DISASTER RELIEF FUND RECIPIENTS MUST COMPLETE AN APPLICATION AND FUNDS ARE APPROVED AND AWARDED BY ICUF VOLUNTEER BOARD MEMBERS ON THE EXECUTIVE COMMITTEE. INDIVIDUAL DEVELOPMENT ACCOUNTS: MATCHING FUNDS AWARDED TO APPLICANTS THAT MEET THE PROGRAM QUALIFICATIONS AND SUCCESSFULLY MEET THE FOLLOWING REQUIREMENTS: MUST BE AT OR BELOW 200% FEDERAL POVERTY LEVEL; MUST SAVE A MINIMUM $10-$25 PER MONTH FOR AT LEAST 6 MONTHS; MUST COMPLETE FINANCIAL EDUCATION AT A CREDIT UNION OR PARTNERED ORGANIZATION; MUST REQUEST THE MATCHING FUNDS IN THE "WITHDRAWL REQUEST" FORM. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR WILL REVIEW THE INITIAL 990 REPORT. ONCE THE EXECUTIVE DIRECTOR APPROVES THE REPORT, THE 990 WILL BE SHARED WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EXPECTATIONS FOR THE CONFLICT OF INTEREST POLICY ARE REVIEWED AT THE FIRST BOARD MEETING EACH YEAR. WHEN A POTENTIAL CONFLICT ARISES, THE BOARD COLLECTIVELY ADDRESSES THE CONCERN DEPENDING ON THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15 NOT APPLICABLE FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST.