2023-11-01T11:51:02-05:00 2022-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2022-01-01 330625895 ALTURA CREDIT UNION FOUNDATION ALTU 8888838228 2847 CAMPUS PARKWAY RIVERSIDE CA 92507 KATHY THAYER SVP/CFO 9515715395 2023-10-30 1 KATHY THAYER 999009999 1 VALENTINO CREUS CPA P01054153 8189549700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHY THAYER 2847 CAMPUS PARKWAY RIVERSIDE CA 92507 3290867 0 X N/A X 1994 CA TO ASSIST HIGH SCHOOL SENIORS IN REACHING THEIR HIGHER EDUCATION GOALS. 6 6 0 6 0 0 231809 219720 0 0 396314 -40347 0 0 628123 179373 67810 63000 0 0 0 0 0 0 0 48093 31571 115903 94571 512220 84802 5727011 5265009 1000 0 5726011 5265009 TO ASSIST HIGH SCHOOL SENIORS IN REACHING THEIR HIGHER EDUCATION GOALS. 0 0 78267 63000 THE ALTURA FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO HIGH SCHOOL SENIORS LOOKING TO ENTER THEIR FIRST YEAR OF COLLEGE IN RIVERSIDE COUNTY AND THROUGHOUT THE UNITED STATES. THE QUEST FOR HIGHER EDUCATION IS ONE OF LIFE'S GREATEST JOURNEYS, AND ALL GREAT JOURNEYS TAKE TIME. WE ARE COMMITTED TO EMPOWERING THE DREAMS OF ALL OUR MEMBERS.IN ADDITION TO GENERAL SCHOLARSHIPS, THE ALTURA FOUNDATION OFFERS MEMORIAL SCHOLARSHIPS ESTABLISHED IN LEGACY OF FOUR VERY SPECIAL COMMUNITY MEMBERS. OUR CEO ALSO PERSONALLY FUNDS ALTURA'S FUTURE LEADER SCHOLARSHIP, DESIGNED FOR A HIGH SCHOOL SENIOR WHO EMBODIES LEADERSHIP CHARACTERISTICS. 78267 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X KATHY THAYER 9515715393 2847 CAMPUS PARKWAY RIVERSIDE CA 92507 ALAN STRZEMIECZNY DIRECTOR 1.00 2.00 X X 0 0 0 BARBARA PURVIS DIRECTOR 1.00 2.00 X X 0 0 0 MARK BALYS DIRECTOR 1.00 2.00 X 0 0 0 MARK HAWKINS DIRECTOR 1.00 0.00 X 0 0 0 KEITH DOWNS DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER BINKLEY CEO 1.00 40.00 X 0 916623 26521 0 916623 26521 0 0 1 0 0 87438 132282 219720 113065 113065 2958082 3111494 -153412 -153412 -153412 179373 -153412 0 113065 63000 63000 16304 16304 3646 3646 MISC EXPENSE 8204 8204 FOREIGN TAXES PAID 3417 3417 94571 78267 16304 0 5726011 5265009 1000 0 5727011 5265009 1000 0 1000 0 X 5726011 5265009 5726011 5265009 5727011 5265009 84802 -545804 0 X 0 0 0 X 1180470 125659 228866 231809 219720 1986524 1180470 125659 228866 231809 219720 1986524 1986524 75710 114431 104852 144205 113065 552263 2538787 0.78250 0.67960 X SCHEDULE A, PART II, LINE 17A THE MISSION OF ALTURA CREDIT UNION FOUNDATION (ACUF) IS TO ASSIST HIGH SCHOOL STUDENTS IN REACHING THEIR HIGHER EDUCATION GOALS THROUGH SCHOLARSHIPS OR GRANTS. IN ORDER TO MEET ITS MISSION, ACUF DEPENDS HEAVILY ON DONATIONS AND SUPPORT FROM VARIOUS DONORS AND THE GENERAL PUBLIC. ACUF QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION BECAUSE IT MEETS THE 33 1/3% PERCENT PLUS FACTS AND CIRCUMSTANCES TEST UNDER TREAS. REG. 1. 170A-9(F) (I) - (VI) IN THE FOLLOWING RESPECTS. 1) 33 1/3% PERCENT OF SUPPORT LIMITATION: ACUF'S PUBLIC SUPPORT IS 78.25 PERCENT, WHICH IS OVER THE 33 1/3% PERCENT THRESHOLD FOR 2022. 2) ATTRACTION OF PUBLIC SUPPORT: THE WAY ACUF OPERATES ALLOWS FOR NEW SUPPORT AND DONATIONS ON A CONTINUOUS BASIS. AS MEMBERS CREATE A NEW BANK ACCOUNT WITH ALTURA CREDIT UNION (ACU), WHICH IS A 501(C)(14) RELATED ORGANIZATION, THEY HAVE THE OPTION TO DONATE TO ACUF. THESE DONATIONS ARE PASSED THROUGH FROM ACU TO ACUF. THE PERCENTAGE FOR SUPPORT FOR ACUF IS LOW DUE TO A HIGH VOLUME OF DONATIONS COMING FROM ACU. HOWEVER, THE ORGANIZATION IS TAKING STEPS TO CHANGE THIS. 3) REPRESENTATIVE GOVERNING BODY: ACUF HAS A GOVERNING BOARD OF 6 INDIVIDUALS, ALL OF WHOM HOLD SPECIFIC POSITIONS BASED ON THEIR KNOWLEDGE, EXPERTISE, AND LEADERSHIP POSITIONS IN OTHER ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 COLLEGE SCHOLARSHIPS 63 63000 SCHEDULE I, PART 1, LINE 2: SCHOLARSHIPS AWARDED TO STUDENTS ARE ADMINISTERED THROUGH THE COMMUNITY FOUNDATION OF RIVERSIDE AND SAN BERNARDINO COUNTIES, IN PARTNERSHIP WITH THE ALTURA CREDIT UNION FOUNDATION. THE TRUSTEES OF THE COMMUNITY FOUNDATION EVALUATE APPLICANTS TO ENSURE THEY MEET THE CRITERIA STIPULATED BY THE ALTURA CREDIT UNION AND THE COMMUNITY FOUNDATION. 0 1 0 0 0 0 0 0 0 JENNIFER BINKLEY CEO 0 640929 0 264034 0 11660 0 11000 0 15521 0 943144 0 0 PART I, LINE 4B THE CREDIT UNION ENTERED INTO A SPLIT-DOLLAR AGREEMENT WITH THE CEO IN 2019. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE CFO AND CONTROLLER OF ALTURA CREDIT UNION REVIEW THE ACCOUNTANT-PREPARED FORM 990 BEFORE IT IS FILED. IN ADDITION, THE CFO AND CONTROLLER REPORT ON THE FORM 990 TO THE BOARD, AFTER WHICH A COPY IS PRESENTED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ALTURA CREDIT UNION FOUNDATION OPERATES UNDER THE AUSPICES OF ALTURA CREDIT UNION, WHOSE GOVERNING BOARD HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS REGULARLY AND CONSISTENTLY MONITORED AND ENFORCED. FORM 990, PART VI, SECTION B, LINE 13: WRITTEN WHISTLEBLOWER POLICY ALTURA CREDIT UNION FOUNDATION OPERATES UNDER THE AUSPICES OF ALTURA CREDIT UNION, WHICH HAS A WRITTEN WHISTLEBLOWER POLICY. FORM 990, PART VI, SECTION B, LINE 14: WRITTEN DOCUMENTATION RETENTION AND DESTRUCTION POLICY ALTURA CREDIT UNION FOUNDATION OPERATES UNDER THE AUSPICES OF ALTURA CREDIT UNION, WHICH HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 15: PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT OFFICIAL ALTURA CREDIT UNION FOUNDATION HAS NO PAID EMPLOYEES. COMPENSATION PAID TO THE INDIVIDUALS LISTED IN PART VII IS PAID BY ALTURA CREDIT UNION, A RELATED ORGANIZATION. THE PROCESS USED TO DETERMINE THE COMPENSATION OF THESE INDIVIDUALS IS REPORTED ON ALTURA CREDIT UNION'S FORM 990. FORM 990, PART VI, SECTION C, LINE 19 DOCUMEMTS AVAILABLE TO THE PUBLIC ONCE THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS HAVE BEEN ACCEPTED BY THE BOARD OF DIRECTORS, THEY ARE POSTED TO THE FOUNDATION'S WEBSITE AS WELL AS ON GUIDESTAR, A NONPROFIT DATABASE. ONCE THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE, A PUBLIC COPY OF THE COMPLETED FORM IS POSTED ON THE COMMUNITY FOUNDATION'S WEBSITE AND ALSO UPLOADED TO GUIDESTAR. THE CURRENT FORM, AS WELL AS PRIOR YEAR FORMS, ARE AVAILABLE AT THE FOUNDATION OFFICE, UPON REQUEST, AS IS THE FOUNDATION'S CONFLICT OF INTEREST POLICY. ALTURA CREDIT UNION 2847 CAMPUS PARKWAY RIVERSIDE CA 92507 952023588 CREDIT UNION CA 501(C)(14) N/A 0 ALTURA GROUP INC 2847 CAMPUS PKWY RIVERSIDE CA 92507 330466710 LENDING CA ALTURA CU C 1144193 5699185 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 ALTURA CREDIT UNION C 87438 ACTUAL AMOUNT PAID