2025-12-01T07:32:34-06:00 2025-05-31 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2024-06-01 521749045 THE CREDIT UNION FOUNDATION OF MD & DC CRED 4433250768 9891 BROKEN LAND PARKWAY STE 405 COLUMBIA MD 21046 JOHN BRATSAKIS EXECUTIVE DIRECTOR 4433250768 2025-11-20 1 0 RUTHANN J WOLL CPA P00647342 6103761595 2025-11-20 2024 2025-03-06 01:10:19Z JOHN BRATSAKIS 9891 BROKEN LAND PARKWAY STE 405 COLUMBIA MD 21046 2878161 0 X WWW.CUFOUND.ORG X 1991 MD THE CREDIT UNION FOUNDATION OF MARYLAND & THE DISTRICT OF COLUMBIA IMPROVES LIVES BY WORKING WITH CREDIT UNIONS IN MARYLAND AND THE DISTRICT OF COLUMBIA TO SUPPORT FINANCIAL SELF-SUFFICIENCY AND PERSONAL, AFFORDABLE FINANCIAL SERVICES. 9 9 0 9 0 0 189201 156995 0 0 139966 30155 -10748 18685 318419 205835 41168 66428 0 0 0 0 0 0 0 222005 233358 263173 299786 55246 -93951 3851308 4152261 24669 52054 3826639 4100207 THE CREDIT UNION FOUNDATION OF MARYLAND & THE DISTRICT OF COLUMBIA IMPROVES LIVES BY WORKING WITH CREDIT UNIONX IN MARYLAND AND THE DISTRICT OF COLUMBIA TO SUPPORT FINANCIAL SELF-SUFFICIENCY AND PERSONAL, AFFORDABLE FINANCIAL SERVICES. 0 0 78080 66428 THE FOUNDATION IS A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING CREDIT UNIONS AND THE COMMUNITIES THEY SERVE WITH AN EMPHASIS ON GRANTS TO CREDIT UNIONS, COLLEGE SCHOLARSHIPS AND FINANCIAL LITERACY PROGRAMS. 78080 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 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 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD DC X LEIGH PHILIBOSIAN 4433250768 9891 BROKEN LAND PARKWAY STE 405 COLUMBIA MD 21046 X JIM WHIPP BOARD CHAIR 5.00 X X 0 0 0 RODERIC FLOWERS VICE CHAIR 2.00 X X 0 0 0 SEAN ZIMMERMANN TREASURER 5.00 X X 0 0 0 LINDA ALBRECHT SECRETARY 2.00 X X 0 0 0 TONIA NIEDZIALKOWSKI DIRECTOR 2.00 X 0 0 0 JOHN HAMILTON DIRECTOR 2.00 X 0 0 0 BRETT NOLL DIRECTOR 2.00 X 0 0 0 BONNIE JACOBSON DIRECTOR 2.00 X 0 0 0 GIRADO SMITH DIRECTOR 2.00 X 0 0 0 JOHN BRATSAKIS EXECUTIVE DIRECTOR 10.00 X 0 0 0 LEIGH PHILIBOSIAN DIRECTOR (STAFF) 30.00 X 0 0 0 0 0 0 0 0 0 0 0 156995 156995 83193 83193 2612174 2665212 -53038 -53038 -53038 25799 7114 18685 18685 205835 0 0 48840 32928 32928 33500 33500 142339 142339 12696 12696 50407 50407 7823 4918 2905 7281 6734 547 7924 7924 4669 4669 MISCELLANEOUS 219 219 299786 78080 221706 0 59046 271786 117030 67594 7336 4055 838 5799 56924 26171 34417 30753 3632641 3772274 3851308 4152261 23975 37014 694 15040 24669 52054 X 3781639 4065207 45000 35000 3826639 4100207 3851308 4152261 X -93951 373985 -6466 X 0 1 X 1 0 X 178838 216331 132094 177188 156170 860621 178838 216331 132094 177188 156170 860621 128453 732168 665054 -19649 57649 83389 83193 869636 10480 10480 1740737 30700 0.42060 0.41550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17664 17664 0 39260 8507 30753 30753 X 162542 -43293 -43293 205835 0 205835 262959 -36827 -36827 299786 0 299786 PART X, LINE 2: AS A NOT-FOR-PROFIT ORGANIZATION, THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE FOUNDATION FILES INFORMATIONAL RETURNS (INTERNAL REVENUE SERVICE FORM 990) IN THE U.S. FEDERAL JURISDICTION. THE FOUNDATION RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED MAY 31, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 13,580. INVESTMENT MANAGEMENT FEES -50,407. PRIOR PERIOD ADJUSTMENT -6,466. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 13,580. INVESTMENT MANAGEMENT FEES -50,407. FRIEND RAISER 16020 16020 660 4232 941 WINE ME UP 8639 8639 1181 24659 24659 660 4232 2122 7014 17645 1 SCHOLARSHIPS 21 33500 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS AWARDED AND TO DETERMINE HOW MUCH TO AWARD ELIGIBLE ORGANIZATIONS. ELIGIBILITY IS DETERMINED BY SELECTING MIDDLE AND HIGH SCHOOLS THAT ARE ALREADY BEING SERVED BY THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE 990 FOR THE ACCURACY AND FORWARDS IT TO THE FINANCE COMMITTEE FOR REVIEW. THE FINANCE COMITTEE REVIEWS THE DRAFT AND MAKES CHANGES, IF NECESSARY AND APPROVES IT; THEN, THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND STAFF SIGN A WRITTEN CONFLICT OF INTEREST POLICY. THE BOARD PRESIDENT AND EXECUTIVE DIRECTOR MONITOR AND ENFORCE ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD PRESIDENT MEETS WITH THE EXECUTIVE COMMITTEE TO REVIEW THE EXECUTIVE DIRECTOR'S COMPENSATION ON AN ANNUAL BASIS. THEY DISCUSS AND DECIDE THE COMPENSATION AMOUNT AND THEN FORMALLY APPROVE IT. THE BOARD PRESIDENT PROVIDES A WRITTEN LETTER FOR THE EXECUTIVE DIRECTOR'S PERSONNEL FILE APPROVING THE COMPENSATION. THERE IS ALSO AN ANNUAL REVIEW OF THE MANAGEMENT CONTRACT WITH THE MARYLAND & THE DISTRICT OF COLUMBIA CREDIT UNION ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 YES, DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT -6,466.