2024-04-26T11:51:57-05:00 2023-12-31 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-01-01 391383650 NATIONAL CREDIT UNION FOUNDATION NATI 6082315771 4703 MADISON YARDS WAY 300 MADISON WI 53705 CHRISTIANE G HYLAND EXECUTIVE DIRECTOR 6082315771 2024-04-22 1 CHRISTIANE HYLAND XXX-XX-XXXX 1 SHELBY NETZ CPA P01405265 4147775500 2024-04-22 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z X CHRISTIANE G HYLAND 99 M STREET SE SUITE 300 SE WASHINGTON DC 20003 9444968 0 X WWW.NCUF.COOP X 1980 WI A CATALYST TO IMPROVE PEOPLE'S FINANCIAL LIVES THROUGH CREDIT UNIONS. 14 14 17 19 0 0 5538384 4832028 744438 932161 217789 583008 -31460 -169253 6469151 6177944 974328 602890 0 0 2274581 2461891 0 0 421306 1134810 1562194 4383719 4626975 2085432 1550969 12602640 15288100 857849 1505074 11744791 13783026 X THE FOUNDATION'S VISION IS TO MAKE FINANCIAL FREEDOM ACHIEVABLE THROUGH CREDIT UNIONS. WE DO THIS THROUGH THREE PRIMARY PILLARS OF WORK: 1. IGNITING CREDIT UNIONS TO PLACE EMPLOYEE, MEMBER AND COMMUNITY FINANCIAL WELL-BEING AT THE CENTER OF THEIR STRATEGY BY FUNDING CATALYTIC GRANTS, HOLDING CONVENINGS, OFFERING RESOURCES AND TOOLS TO IGNITE CREDIT UNIONS TO CENTER THEIR STRATEGY ON FINANCIAL WELL-BEING FOR ALL 2. INSPIRING CREDIT UNIONS TO LEVERAGE THEIR COOPERATIVE VALUES TO REINFORCE AN ORGANIZATIONAL CULTURE THAT EMPOWERS AND MOTIVATES EMPLOYEES BY CELEBRATING, DEVELOPING AND HELPING RETAIN TALENT AT CREDIT UNIONS BY OFFERING EDUCATION AND ENGAGEMENT OPPORTUNITIES THAT ALIGN PURPOSE WITH ACTION 3. RESPONDING WHEN DISASTER STRIKES AND HELPING CREDIT UNIONS INCREASE THEIR BUSINESS RESILIENCY THROUGH THE COOPERATIVE VALUE OF "PEOPLE HELPING PEOPLE" BY ASSISTING THE CREDIT UNION COMMUNITY TO CONTINUE SERVING MEMBERS WHEN DISASTER STRIKES THROUGH FUNDRAISING, GRANT MAKING AND RESOURCES 0 0 102314 23762 DISASTER RELIEF: THROUGH THE NATIONAL CREDIT UNION FOUNDATION'S DISASTER RELIEF FUND & CUAID INITIATIVE, THE FOUNDATION CAN QUICKLY RESPOND WHEN DISASTERS STRIKE BY HARNESSING THE COLLECTIVE GENEROSITY OF CREDIT UNIONS, INDIVIDUALS, AND OTHER STAKEHOLDERS. CUAID RAISES DONATIONS THAT SUPPORT CREDIT UNION EMPLOYEES AND VOLUNTEERS WHO ARE IMPACTED BY A DISASTER. THE FOUNDATION COORDINATES WITH THE STATE FOUNDATION/LEAGUE PARTNERS WITHIN THE GEOGRAPHIC AREA WHERE THE DISASTER HAPPENS TO ASSESS AND RESPOND TO NEEDS. MORE INFORMATION IS AVAILABLE AT: WWW.NCUF.COOP/DISASTER-RELIEF/CUAID-APP/. 1021932 37333 912502 CREDIT UNION DEVELOPMENT EDUCATION (DE) PROGRAM: THE DE PROGRAM IS AN EDUCATION PROGRAM FOR ESTABLISHED AND EMERGING LEADERS WITHIN THE CREDIT UNION MOVEMENT. THIS PROGRAM EXPLORES HOW CREDIT UNIONS CAN LEVERAGE THEIR UNIQUE BUSINESS MODEL TO SOLVE CORE DEVELOPMENT ISSUES THAT PREVENT THE PROSPERITY AND FINANCIAL WELL-BEING OF THEIR MEMBERS AND COMMUNITIES. PARTICIPANTS TAKE PART IN A NUMBER OF LESSONS, ACTIVITIES AND GROUP PROJECTS TO DEMONSTRATE EFFECTIVE LEARNING AND POTENTIAL FOR APPLICATION. UPON COMPLETION, ATTENDEES EARN THEIR CREDIT UNION DEVELOPMENT EDUCATOR (CUDE) DESIGNATION. THE DE PROGRAM IS OFFERED AS AN IN-PERSON AND ONLINE TRAINING. SINCE 1982, MORE THAN 3,000 CREDIT UNION PROFESSIONALS HAVE EARNED THEIR CUDE DESIGNATION AND USED THIS NEW KNOWLEDGE TO IMPROVE THE QUALITY OF LIFE FOR THEIR MEMBERS, COLLEAGUES, AND COMMUNITIES AROUND THE GLOBE. MORE INFORMATION IS AVAILABLE AT: DE PROGRAM INFORMATION (NCUF.COOP). 1637079 424356 19659 FINANCIAL WELL-BEING FOR ALL AND GRANT MAKING: THE NATIONAL CREDIT UNION FOUNDATION FUNDS THE EFFORTS OF CREDIT UNIONS AND OTHER NON-PROFIT ORGANIZATIONS TO MEASURE AND IMPROVE FINANCIAL HEALTH AND WELL-BEING FOR ALL. THROUGH IMPACT AND INNOVATIVE GRANTMAKING, CONVENINGS AND CONFERENCES, THE FOUNDATION HAS ASSEMBLED A ROBUST SUITE OF TOOLS AND CASE STUDIES TO HELP CREDIT UNIONS MEASURE FINANCIAL WELL-BEING, BUILD A STRATEGY, AND TAKE ACTION TO MOVE PEOPLE UP A PATH TO FINANCIAL FREEDOM. MORE INFORMATION IS AVAILABLE AT: FINANCIAL WELL-BEING FOR ALL (NCUF.COOP) AND FINHEALTH HUB. 157545 117439 OTHER PROGRAMS. 157545 117439 2918870 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 17 1 0 0 0 0 0 1 1 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 1 1 0 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MT NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI DC X X X ANDRE T PARRAWAY 6082315771 4703 MADISON YARDS WAY SUITE 300 MADISON WI 53705 CHRISTIANE G HYLAND EXECUTIVE DIRECTOR 40.00 X 552986 0 29700 ANDRE T PARRAWAY CHIEF FINANCIAL & OPERATION 40.00 X 278178 0 24775 DANIELLE BROWN CHIEF ENGAGEMENT DIRECTOR 40.00 X 186487 0 26460 CHAD HELMINAK CHIEF IMPACT OFFICER (TERM 09/2023) 40.00 X 142068 0 24836 TOBI WEINGART CHIEF PROGRAMS OFFICER 40.00 X 131607 0 34997 JAMIE CHANDLER FINHEALTH DIRECTOR 40.00 X 140640 0 28808 TRACI O'NEILL EXECUTIVE ASSISTANT 40.00 X 106488 0 11242 JIM NUSSLE PRESIDENT 1.00 X 0 0 0 TERESA CAMPBELL CHAIR 1.00 X X 0 0 0 JOHN SACKETT VICE CHAIR 1.00 X X 0 0 0 ROBERT CASHMAN TREASURER 1.00 X X 0 0 0 JENNY VIPPERMAN SECRETARY (TERM 06/2023) 1.00 X X 0 0 0 BRETT THOMPSON DIRECTOR 1.00 X 0 0 0 CARMA PARRISH DIRECTOR (START 01/2023) 1.00 X 0 0 0 CHRISTINE CORDELL DIRECTOR 1.00 X 0 0 0 CREIGHTON BLACKWELL DIRECTOR 1.00 X 0 0 0 DAN KAMPEN DIRECTOR (TERM 10/2023) 1.00 X 0 0 0 DAVID BIRKY DIRECTOR 1.00 X 0 0 0 DAVID SNODGRASS DIRECTOR (TERM 06/2023) 1.00 X 0 0 0 DAVID SWEITZER DIRECTOR (START 09/2023) 1.00 X 0 0 0 DEAN YOUNG DIRECTOR 1.00 X 0 0 0 DEBBIE SMITH DIRECTOR (START 01/2023) 1.00 X 0 0 0 GERRY SINGLETON DIRECTOR (TERM 07/2023) 1.00 X 0 0 0 LILY NEWFARMER DIRECTOR 1.00 X 0 0 0 MELANIE MURPHY DIRECTOR 1.00 X 0 0 0 NADER MOGHADDAM DIRECTOR 1.00 X 0 0 0 1538454 0 180818 7 0 1 0 MARRIOTT HOTEL SERVICES 901 MASSACHUSETTS AVE NW WASHINGTON DC 20001 FOOD AND BEVERAGE FOR FOUNDATION DINNER 233562 MADISON CONCOURSE HOTEL AND GOVERNOR'S C 1 W DAYTON ST MADISON WI 53703 LODGING FOR DE TRAINING 120026 FARWELL PROJECT ADVISORS LLC 1228 E WASHINGTON AVE MADISON WI 53703 CONSULTING 118693 3 763220 4068808 4832028 TRAINING PROGRAMS 900099 932161 932161 932161 583008 583008 2854660 2854660 0 0 216380 763220 412364 -195984 -195984 MISCELLANEOUS INCOME 900099 14464 14464 LIQUIDATION PAYMENT 900099 12267 12267 26731 6177944 932161 0 413755 X 564054 564054 38836 38836 885639 471460 290271 123908 1120791 596641 367342 156808 140557 77641 42511 20405 188172 103942 56912 27318 126732 70004 38330 18398 57833 57833 23267 23267 707574 445970 245714 15890 16798 16798 28834 16248 8142 4444 91550 23300 68250 2921 678 839 1404 199040 125487 52016 21537 347405 330385 17020 21389 21389 26566 3037 18439 5090 PROGRAM & MATERIALS 34565 29798 4767 MISCELLANEOUS 4452 135 4317 4626975 2918870 1286799 421306 15453 23312 6037072 9769854 11500 310743 106245 132016 145951 105107 110000 110000 21389 0 6265030 4947068 12602640 15288100 522857 610213 723 0 334269 894861 857849 1505074 X 6126899 7411180 5617892 6371846 11744791 13783026 12602640 15288100 1550969 487266 0 X X 0 1 X 1 0 X 3572549 3874707 3871908 5538384 4832028 21689576 3572549 3874707 3871908 5538384 4832028 21689576 4145677 17543899 198588 184620 299623 224658 583008 1490497 21387 282892 152709 115542 26731 599261 23779334 2886813 0.73780 0.74340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 625169 106321 731490 749104 -123935 625169 650764 98340 749104 569992 80772 650764 477380 92612 569992 0.30380 0.69620 0 0 110000 110000 0 0 X 6226418 48474 48474 6177944 0 6177944 4675449 48474 48474 4626975 0 4626975 PART V, LINE 4: INVESTMENT INCOME MAY BE USED FOR OPERATIONS OF THE ORGANIZATION. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND THE APPLICABLE STATE REGULATIONS. THE INTERNAL REVENUE SERVICE (IRS) ALSO HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION. IN ADDITION, THE FOUNDATION IS REQUIRED TO REPORT UNRELATED BUSINESS INCOME TO THE IRS AND THE STATE OF WISCONSIN. THE FOUNDATION HAD NO SOURCES OF UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS PROPERLY MAINTAINED THEIR EXEMPT STATUS, ALL REVENUE WITHIN THE STATEMENTS OF ACTIVITIES HAS BEEN PROPERLY CLASSIFIED AS EXEMPT FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 AND THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. WEGNER DINNER 979600 763220 216380 222345 189311 708 979600 763220 216380 222345 189311 708 412364 -195984 1 BIZ KIDS LLP 7308 39TH AVE SW SEATTLE WA 98136 205124457 OTHER 25000 0 BIZ KID$ GRANT ALLEGIANCE FEDERAL CREDIT UNION 4235 N MERIDIAN AVE OKLAHOMA CITY OK 73112 730727707 501(C)(14) 10000 0 FINANCIAL WELL-BEING GRANT COMMUNITY CREDIT UNION 144 PINE STREET LEWISTON ME 04240 010206603 501(C)(14) 7500 0 FINANCIAL WELL-BEING GRANT INCLUSIV NETWORK 39 BROADWAY SUITE 2140 NEW YORK NY 10006 112421972 501(C)(3) 90000 0 FINANCIAL WELL-BEING GRANT SCE FEDERAL CREDIT UNION 12701 SCHABARUM AVENUE IRWINDALE CA 91706 951766772 OTHER 10000 0 FINANCIAL WELL-BEING GRANT SOUTHWEST LOUISIANA CREDIT UNION 2255 E MCNEESE STREET LAKE CHARLES LA 70607 720454922 501(C)(14) 10000 0 FINANCIAL WELL-BEING GRANT TRUE SKY FCU 9301 S WESTERN AVE OKLAHOMA CITY OK 73139 730564572 501(C)(14) 10000 0 FINANCIAL WELL-BEING GRANT CALIFORNIA CREDIT UNION LEAGUE PO BOX 51476 ONTARIO CA 91761 940357265 501(C)(6) 7372 0 COMMUNITY INVESTMENT FUND GRANT COOPERATIVE CREDIT UNION ASSOCIATION 845 DONALD LYNCH BOULEVARD MALBOROUGH MA 01752 043403594 501(C)(6) 5515 0 COMMUNITY INVESTMENT FUND GRANT CORNERSTONE CREDIT UNION FOUNDATION 6801 PARKWOOD BLVD PLANO TX 75024 756039968 501(C)(3) 49254 0 COMMUNITY INVESTMENT FUND GRANT CREDIT UNION ASSOCIATION OF THE DAKOTAS 2005 N KAVANEY DR BISMARCK ND 58501 204608169 501(C)(6) 8765 0 COMMUNITY INVESTMENT FUND GRANT CROSSSTATE CREDIT UNION ASSOCIATION 4309 NORTH FRONT STREET HARRISBURG PA 17101 251786339 501(C)(3) 7880 0 COMMUNITY INVESTMENT FUND GRANT GOWEST FOUNDATION 18000 INTERNATIONAL BLVD STE 1102 SEATAC WA 98188 911649328 501(C)(3) 14585 0 COMMUNITY INVESTMENT FUND GRANT ILLINOIS CREDIT UNION SYSTEM 1807 WEST DIEHL RD NAPERVILLE IL 60563 361255150 501(C)(6) 6728 0 COMMUNITY INVESTMENT FUND GRANT LEAGUE OF SOUTHEASTERN CREDIT UNIONS 22 INVERNESS CENTER PKWY STE 200 BIRMINGHAM AL 35242 943458406 501(C)(6) 41986 0 COMMUNITY INVESTMENT FUND GRANT LOUISIANA CREDIT UNION LEAGUE 824 ELMWOOD PARK BLVD STE 200 HARAHAN LA 701233342 720244197 501(C)(6) 10096 0 COMMUNITY INVESTMENT FUND GRANT MINNESOTA CREDIT UNION NETWORK 555 WABASHA ST N STE 200 SAINT PAUL MN 551021610 410417120 501(C)(6) 20798 0 COMMUNITY INVESTMENT FUND GRANT MONTANA CREDIT UNION NETWORK 101 N RODNEY HELENA MT 596012948 810240316 501(C)(6) 6722 0 COMMUNITY INVESTMENT FUND GRANT NEW YORK CREDIT UNION ASSOCIATION 4 TOWER PLACE 5TH FLOOR ALBANY NY 12203 161527073 501(C)(3) 45699 0 COMMUNITY INVESTMENT FUND GRANT OHIO CREDIT UNION LEAGUE 10 W BROAD ST STE 1100 COLUMBUS OH 432123482 314359680 501(C)(6) 8239 0 COMMUNITY INVESTMENT FUND GRANT 5 15 DE IN PERSON TRAINING SCHOLARSHIPS 9 31291 WORKSHOP SCHOLARSHIPS 1 650 CU FINHEALTH CONFERENCE SCHOLARSHIPS 7 6895 PART I, LINE 2: THE FOUNDATION REQUIRES EACH U.S. RECIPIENT TO REPORT THEIR USE OF FUND RECEIVED ACCORDING TO THE FOUNDATION STANDARDS. ALL STATE CREDIT UNION FOUNDATIONS AND ASSOCIATIONS THAT RECEIVED COMMUNITY INVESTMENT FUND GRANTS FILE A REPORT ANNUALLY, THOSE THAT RECEIVED MORE THAN $10,000 OF COMMUNITY INVESTMENT FUND GRANTS IN A YEAR MUST ALSO FILE A REPORT SEMI-ANNUALLY. EACH OUTREACH GRANT IS GOVERNED BY A GRANT AGREEMENT OUTLINING THE GRANT REQUIREMENTS. PROCESS REPORTING IS REQUIRED WITH AT LEAST TWO REPORTS WITH A FINAL GRANT REPORT REQUIRED BEFORE THE FINAL PAYMENT. 1 X X X X X X 0 1 0 0 0 0 0 0 0 CHRISTIANE G HYLAND EXECUTIVE DIRECTOR 448716 0 41746 0 62524 0 29700 0 0 0 582686 0 17014 0 ANDRE T PARRAWAY CHIEF FINANCIAL & OPERATION 258302 0 19876 0 0 0 24775 0 0 0 302953 0 0 0 DANIELLE BROWN CHIEF ENGAGEMENT DIRECTOR 175342 0 11145 0 0 0 16918 0 9542 0 212947 0 0 0 CHAD HELMINAK CHIEF IMPACT OFFICER (TERM 09/2023) 132094 0 9974 0 0 0 11402 0 13434 0 166904 0 0 0 TOBI WEINGART CHIEF PROGRAMS OFFICER 116694 0 14913 0 0 0 12330 0 22667 0 166604 0 0 0 JAMIE CHANDLER FINHEALTH DIRECTOR 138346 0 2294 0 0 0 5925 0 22883 0 169448 0 0 0 PART I, LINE 4B IN 2023, THE FOUNDATION BOARD APPROVED A DISTRIBUTION TO A 457(F) PLAN FOR THE EXECUTIVE DIRECTOR. THE TOTAL AMOUNT DISTRIBUTED IN 2023 WAS $62,524. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S AUDIT COMMITTEE REVIEWS THE FORM 990 AND THEN FORWARDS TO THE BOARD OF DIRECTORS FOR APPROVAL. ALL BOARD MEMBERS MUST APPROVE THE 990 PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE COMPLETED ANNUALLY BY EACH OFFICER, BOARD MEMBER AND EMPLOYEE. THE DISCLOSURE FORMS ARE REVIEWED BY LEGAL; AND, THEN SUMMARIZED AND PRESENTED TO ALL BOARD MEMBERS. A SUMMARY OF POTENTIAL CONFLICTS IS PROVIDED AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL PROCESS FOR DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION SHALL CONSIST OF THE FOLLOWING ACTIONS. 1. ANNUALLY, EACH BOARD MEMBER COMPLETES AN EXECUTIVE DIRECTOR PERFORMANCE EVALUATION FORM. 2. EXECUTIVE DIRECTOR COMPLETES A SELF-EVALUATION REPORT. 3. REVIEW OF COMPARABLE COMPENSATION DATA. 4. BOARD CHAIR AND PRESIDENT, IN COOPERATION WITH THE EXECUTIVE COMMITTEE, SHALL REVIEW EVALUATION REPORTS AND OTHER INFORMATION, 5. FINALIZE DETERMINATION OF ANNUAL COMPENSATION AND BONUS. 6. BOARD CHAIR SHALL REPORT RESULTS TO THE ENTIRE BOARD, AND 7. FOUNDATION SHALL MAINTAIN DOCUMENTATION OF THE INFORMATION GATHERED, THE PROCESS AND RESULTS. EXECUTIVE DIRECTOR REVIEWS THE PERFORMANCE OF OTHER OFFICERS AND KEY EMPLOYEES AND MAKES SALARY ADJUSTMENTS ACCORDING TO THE ESTABLISHED POLICY AND GUIDELINES. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 445,970. MANAGEMENT AND GENERAL EXPENSES 245,714. FUNDRAISING EXPENSES 15,890. TOTAL EXPENSES 707,574. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NEITHER CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.