2024-01-08T14:25:55-06:00 2022-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2022-01-01 542062271 THE PENTAGON FEDERAL CREDIT UNION FOUNDATION % ONE DEGREE FINANCIAL PENT 7038381457 2930 EISENHOWER AVE ALEXANDRIA VA 22314 Andrea McCarren President 5713416327 2024-01-08 true Andrea McCarren 999009999 Marc Berger P01871563 7038930600 2 2022 2023-04-26 12:10:37Z Shashi Vohra 7940 Jones Branch Dr Tysons VA 22102 8624334 false X WWW.PENFEDFOUNDATION.ORG X 2001 VA SEE SCHEDULE O 8 8 0 60 0 0 3461356 5958332 0 0 36003 24624 3203430 1840245 6700789 7823201 0 2460937 0 0 0 0 0 0 877995 4113801 1835938 4113801 4296875 2586988 3526326 5129099 8671732 180299 196606 4948800 8475126 X THE PENTAGON FEDERAL CREDIT UNION FOUNDATION IS A NONPROFIT ORGANIZATION FORMED TO SUPPORT THE MEMBERS OF THE UNITED STATES DEFENSE COMMUNITY BY OFFERING PROGRAMS THAT INSTILL FINANCIAL LITERACY AND PROVIDE MILITARY MEMBERS, VETERANS AND THEIR COMMUNITIES WITH THE SKILLS AND RESOURCES TO REALIZE FINANCIAL STABILITY AND OPPORTUNITY. THE FOUNDATION'S VISION IS THAT ALL SERVICE MEMBERS ARE ABLE TO SERVE THE NATION FREE OF FINANCIAL WORRY AND THAT EVERY VETERAN HAS A STRONG FINANCIAL FUTURE. false false 2542772 0 0 MILITARY HEROES PROGRAM: THE MILITARY HEROES PROGRAM SUPPORTS THE MILITARY COMMUNITY IN THREE WAYS. 1) FUNDING FOR PROJECTS THAT HAVE A SIGNIFICANT POSITIVE IMPACT ON A SPECIFIC MILITARY COMMUNITY OR MORE BROADLY ACROSS THE ENTIRE MILITARY FAMILY. 2) SUPPORT TO INDIVIDUALS EXPERIENCING A LIFE CHANGING EMERGENCY. 3) SUPPORT TO OUR ALLIES THROUGH THE AFGHAN RESCUE AND RESETTLEMENT PROGRAM, WHICH RESETTLED AFGHAN REFUGEES IN THE UNITED STATES AFTER THE FALL OF KABUL. 574062 0 0 VETERAN ENTREPRENEUR INVESTMENT PROGRAM (VEIP): VEIP PROVIDES VETERAN AND MILITARY SPOUSE ENTREPRENEURS WITH EDUCATION, MENTORSHIP, AND CONNECTION TO CAPITAL TO BUILD AND GROW THEIR BUSINESSES. 125237 0 0 ALL OTHERS 125237 0 0 3242071 true true false false false false false false false false false false true false false true true false false false false false false false true false false false false true false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false true true false false false false false false X 8 8 false false false false false false false true true false false false true true true true true false false false AL AK AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN UT VA WV WI X X ONE DEGREE FINANCIAL 5713416437 204 WASHINGTON ST BOX 608 occoquan VA 22125 X David Clark VP Foundation Operations 37.5 0.0 X 0 220022 6220 Mrs Seda Goff THRU 1022 Dir, Veteran Entrepreneurs 37.5 0.0 X 0 178080 6307 MS DEBORAH LEE JAMES Chairwoman 2.0 0.0 X X 0 0 0 MR FRED B CAPRIO Vice Chair 1.5 0.0 X X 0 0 0 MRS SANDRA PATRICOLA SECRETARY/TREASURER 1.0 0.0 X X 0 0 0 David P Barondess Director 1.0 0.0 X 0 0 0 MR EDWARD B CODY Director 1.0 0.0 X 0 0 0 James C Dinegar Director 1.0 0.0 X 0 0 0 COL RET JAMES QUINN Director 1.0 0.0 X 0 0 0 MR ALFRED RUDOLPH Director 1.0 0.0 X 0 0 0 0 398102 12527 0 false true false One Degree Financial 204 Washington Street Box 608 OCCOQUAN VA 22125 Accounting firm 148787 1 5965 1437259 4515108 5958332 0 24624 0 24624 0 0 0 0 0 0 2641378 801133 1840245 1840245 0 0 0 0 0 0 0 7823201 0 1864869 X 2460937 2460937 0 0 0 0 0 0 0 0 0 0 51166 39663 11503 0 0 0 0 666040 524267 141773 0 15787 15787 154128 10104 1486 142538 39787 18620 200 20967 0 0 96755 80810 4710 11235 0 0 0 0 0 0 MISCELLANEOUS 802311 81919 17137 703255 DREAM MAKERS GRANTS 9964 9964 0 0 4296875 3242071 176809 877995 2438124 5077612 579546 580416 0 1278663 6161 0 0 0 0 0 0 0 0 0 147505 90620 0 0 0 0 0 0 1957763 1644421 0 0 0 0 5129099 8671732 173373 196606 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6926 0 180299 196606 X 3069227 6718639 1879573 1756487 4948800 8475126 5129099 8671732 3526326 X false true X false false X 4555451 2768151 4522284 3461356 5099988 20407230 0 0 0 0 4555451 2768151 4522284 3461356 5099988 20407230 1875155 696022 1028775 0 1437259 5037211 0 1875155 696022 1028775 0 1437259 5037211 15370019 2057 7420 25921 36003 24624 96025 0 2057 7420 25921 36003 24624 96025 0 0 4557508 2775571 4548205 3497359 5124612 20503255 0.74964 0.78399 0.00468 0.00401 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED VEIP GP LLC 1000000 F VEIP 644421 F 1644421 0 0 X 9219843 1396642 1396642 7823201 7823201 5693516 1396641 1396641 4296875 4296875 SCHEDULE D, PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF VIRGINIA ON DECEMBER 4, 2001. IT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. NO MATERIAL TAXABLE UNRELATED BUSINESS INCOME WAS GENERATED AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE THAT CREATES A SINGLE MODEL TO ADDRESS UNCERTAINTY IN TAX POSITIONS AND CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN ITS FINANCIAL STATEMENTS. UNDER THE REQUIREMENTS OF THIS GUIDANCE, ORGANIZATIONS COULD NOW BE REQUIRED TO RECORD AN OBLIGATION AS THE RESULT OF TAX POSITIONS THEY HAVE HISTORICALLY TAKEN ON VARIOUS TAX EXPOSURE ITEMS. THE FOUNDATION IS NOT REQUIRED TO RECORD SUCH AN OBLIGATION. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2019. NOH GALA 1363420 1363420 206 58221 296371 29852 DC GOLF 843238 843238 67325 170148 17332 2 434720 434720 8719 66988 85971 2641378 2641378 206 134265 533507 133155 801133 1840245 false false false false false false false false false Mrs Seda Goff THRU 1022 Dir, Veteran Entrepreneurs 0 164832 0 11441 0 1807 0 6307 0 0 0 184387 0 0 David Clark VP Foundation Operations 0 190290 0 25597 0 4135 0 6220 0 0 0 226242 0 0 FORM 990, PART I, LINE 1: THE PENTAGON FEDERAL CREDIT UNION FOUNDATION IS A NONPROFIT ORGANIZATION FORMED TO SUPPORT THE MEMBERS OF THE UNITED STATES DEFENSE COMMUNITY BY OFFERING PROGRAMS THAT INSTILL FINANCIAL LITERACY AND PROVIDE MILITARY MEMBERS, VETERANS AND THEIR COMMUNITIES WITH THE SKILLS AND RESOURCES TO REALIZE FINANCIAL STABILITY AND OPPORTUNITY. THE FOUNDATION'S VISION IS THAT ALL SERVICE MEMBERS ARE ABLE TO SERVE THE NATION FREE OF FINANCIAL WORRY AND THAT EVERY VETERAN HAS A STRONG FINANCIAL FUTURE. FORM 990, PART III, LINE 4D - OTHER PROGRAM SERVICES PREVENTS PROGRAM - SUPPORT THE DEVELOPMENT OF A NATIONAL PUBLIC AWARENESS CAMPAIGN ON SUICIDE PREVENTION AMOUNG OUR NATION'S VETERANS. ASSET RECOVERY KIT - THE ASSET RECOVERY KIT LOAN ("ARK") PROGRAM IS DESIGNED TO COMBAT PAYDAY LENDING, OFFERING OUR SOLDIERS A MORE COST EFFECTIVE ALTERNATIVE TO MEET THEIR SHORT-TERM CASH FLOW NEEDS, AS WELL AS EDUCATIONAL PROGRAMS TO INSTILL FINANCIAL LITERACY. FORM 990, PART VI, SECTION B, LINE 11A: REGARDING THE FILING OF FORM 990, THE FOUNDATION'S BOARD PRESENTLY RELIES ON THE EXPERTISE OF THE FINANCIAL STAFF AT THE PENTAGON FEDERAL CREDIT UNION (PENFED) WHO ARE EXPERTS IN THESE AREAS ALONG WITH OUTSIDE FINANCIAL AND TAX EXPERTISE. THE BOARD HAS REQUESTED THAT OUTSIDE TAX EXPERTS PREPARE AND FILE THIS FORM 990. THE BOARD IS UPDATED ON THE FINANCIALS OF THE FOUNDATION ON A REGULAR BASIS AND PROVIDED COPIES OF THE FINANCIAL STATEMENTS, AS WELL AS A COPY OF THE FORM 990 UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C: REGARDING POLICIES FOR CONFLICT OF INTEREST, WHISTLEBLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY, THE FOUNDATION HAS ADOPTED THE POLICIES OF THE PENTAGON FEDERAL CREDIT UNION(PENFED). PENFED DONATES ALL EMPLOYEE SERVICES TO THE FOUNDATION. THE FOUNDATION RELIES ON THE EXPERTISE IN THESE AREAS OF THE STAFF OF PENFED, OF WHICH PENFED STAFF ARE EXPERTS AND KNOWLEDGEABLE OF THE ESTABLISHED POLICIES AND PROCEDURES WITHIN PENFED FOR THESE AREA AND THE REMEDIES THEREIN. THE FOUNDATION IS PROVIDING FOR THE RESOURCES TO ADOPT AND MANAGE ITS OWN SEPARATE POLICIES THROUGH BOARD DIRECTION AND APPROVAL IN THESE IMPORTANT AREAS OF GOVERNANCE OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19: FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:666040 PENTAGON FEDERAL CREDIT UNION 7940 JONES BRANCH DRIVE MCLEAN VA 22102 530197038 CREDIT UNION VA 501(C)(1) N/A NA false false false true false false false false false false false false false true true false false false false false PEN FED CREDIT UNION C 1437259 CASH VALUE PEN FED CREDIT UNION M 1331930 CASH VALUE PEN FED CREDIT UNION N 55329 CASH VALUE