2024-11-07T16:28:19-06:00 2023-12-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2023-01-01 421438113 IOWA CREDIT UNION FOUNDATION IOWA 5152213002 7745 OFFICE PLAZA DR NORTH 170 WEST DES MOINES IA 50266 JELENA BABIC BARNES EXECUTIVE DIRECTOR 5152213002 2024-10-25 1 0 KATHY FAIRCHILD P00222608 5155586600 2024-10-25 2023 2024-10-15 13:58:12Z JELENA BABIC BARNES 7745 OFFICE PLAZA DR NORTH 170 WEST DES MOINES IA 50266 642262 0 X WWW.IOWACREDITUNIONFOUNDATION.ORG X 1995 IA ICUF'S MISSION IS TO CHAMPION FINANCIAL WELL-BEING FOR ALL. 15 15 2 16 0 0 376405 375364 10200 15000 -2588 51696 41830 52651 425847 494711 104716 129338 0 0 119538 152731 0 0 105652 202636 189783 426890 471852 -1043 22859 2092625 2249491 14073 24183 2078552 2225308 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 19500 19500 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. 22000 22000 SCHOLARSHIPS: ICUF OFFERS WARREN A. MORROW MEMORIAL SCHOLARSHIPS TO CREDIT UNION MEMBERS PURSUING OR COMPLETING POST-SECONDARY EDUCATION. 21550 21550 15000 PEOPLE HELPING PEOPLE: PROVIDING FINANCIAL COACH TRAINING, DISASTER RELIEF ASSISTANCE, AND GRANTS TO OTHER ORGANIZATIONS INVESTING IN CREDIT UNION MEMBER SUPPORT. 160609 66288 PROVIDING DISASTER RELIEF ASSISTANCE, INVESTING IN COMMUNITY RESEARCH TO UNDERSTAND THE FINANCIAL REALITIES OF IOWANS, FUNDING GRANTS TO SMALL CREDIT UNIONS TO SUPPORT NEW TECHNOLOGY, STRATEGIC PLANNING, AND OTHER SERVICES, AND SUPPORTING FUNDING OF OTHER COMMUNITY ORGANIZATIONS INVESTING IN CREDIT UNION MEMBER SUPPORT. 160609 66288 223659 1 1 0 0 0 1 0 0 0 1 0 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 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IA X TRAVIS SCHIPPER 5152213002 7745 OFFICE PLAZA DR NORTH 170 WEST DES MOINES IA 50266 JELENA BABIC BARNES EXECUTIVE DIRECTOR 40.00 X 79852 0 15100 MARIAN HOLMES CHAIR 1.00 X X 0 0 0 JORDAN HENSLEY VICE CHAIR 1.00 X X 0 0 0 JULIE WILLSE TREASURER 1.00 X X 0 0 0 REBECCA NEADES SECRETARY 1.00 X X 0 0 0 ANN MCMILLIAN DIRECTOR 0.50 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 PAULA O'ROURKE DIRECTOR 0.50 X 0 0 0 KIM FETTKETHER DIRECTOR 0.50 X 0 0 0 79852 0 15100 0 0 0 0 0 57690 317674 375364 FINANCIAL COACH 523940 15000 15000 15000 53423 53423 102068 103795 -1727 -1727 -1727 96407 57690 43756 52651 52651 494711 15000 0 104347 80639 80639 48699 48699 94951 32283 31334 31334 34028 11570 11229 11229 6309 2145 2082 2082 8194 2786 2704 2704 9249 3145 3052 3052 43905 43905 3672 3672 9028 9028 34492 34492 22367 7605 7381 7381 9645 3279 3183 3183 23936 8138 7899 7899 5352 1820 1766 1766 4352 4352 1389 1389 FINANCIAL COACH EXPENSE 21550 21550 TUITION REIMBURSEMENT 4769 4769 5326 4796 530 471852 223659 142541 105652 871229 200662 1568 8911 230 5500 0 0 1219598 2034418 2092625 2249491 14073 24183 14073 24183 X 0 0 0 0 2078552 2225308 2078552 2225308 2092625 2249491 22859 123897 0 X 0 1 X 1 0 X 461150 2451294 413287 376405 375364 4077500 461150 2451294 413287 376405 375364 4077500 2274041 1803459 1490 15224 27604 38070 53423 135811 4213311 0.42800 0.40470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 10000 0 1368649 1 1 163684 71000 67685 166999 170078 73150 79544 163684 146230 81367 57519 170078 129961 779225 762956 146230 174826 31500 -76365 129961 0.00000 0.00000 1.00000 0 0 0 RESTRICITED INVESTMENTS 2034418 C 2034418 X 662364 123897 43756 167653 494711 0 494711 515608 43756 43756 471852 0 471852 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 90220 44940 45280 22042 2600 2232 GOLF OUTING 53120 12750 40370 8593 7230 1059 143340 57690 85650 8593 29272 2600 3291 43756 41894 1 IOWA COALITION AGAINST DOMESTIC VIOLENCE 4725 MERLE HAY ROAD STE 107 DES MOINES IA 50322 421285094 501(C)(3) 20000 0 ALLSTATE FINANCIAL LITERACY STIPENDS MAUI COUNTY FEDERAL CREDIT UNION 1888 WILI PA LOOP WAILUKU HI 96793 990073467 6000 0 FINANCIAL ASSISTANCE TO EMPLOYEES IMPACTED BY MAUI FIRES UNIVERSITY OF NORTHERN IOWA FOUNDATION 121 COMMONS CEDAR FALLS IA 506140239 426058591 501(C)(3) 10000 0 UNIBUSINESS FINANCIAL LITERACY EDUCATION 2 2 INDIVIDUAL DEVELOPMENT ACCOUNTS 35 19500 N/A N/A SCHOLARSHIPS 12 22000 N/A N/A GENERAL DISASTER 14 7000 N/A N/A LENDING SCHOOL GRANT 1 199 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.