2025-06-09T07:30:29-05:00 2024-12-31 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2024-01-01 208216512 FINANCIAL RESOURCES FCU FOUNDATION INC FINA 9082536449 3040 ROUTE 22 WEST BLDG 2 BRANCHBURG NJ 08876 BETH ELBAUM TREASURER 9082536449 2025-06-05 1 0 RUTHANN J WOLL CPA P00647342 6103761595 2025-06-05 2024 2025-03-06 01:10:19Z BETH ELBAUM 3040 ROUTE 22 WEST BLDG 2 BRANCHBURG NJ 08876 69391 0 X N/A X 2007 NJ THE CORPORATION (FOUNDATION) HAS BEEN ORGANIZED EXCLUSIVELY FOR THE CHARITABLE RELIGIOUS, AND SCIENTIFIC PURPOSES, WITHIN THE MEANING OF SECTIONS 501(3) AND 170(2) OF THE IRS CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRS CODE. 6 6 0 6 0 0 126513 66039 0 0 366 995 -23379 -25360 103500 41674 47651 35250 0 0 0 0 0 0 0 2228 3103 49879 38353 53621 3321 112881 118652 3392 5842 109489 112810 X THE CORPORATION (FOUNDATION) HAS BEEN ORGANIZED EXCLUSIVELY FOR THE CHARITABLE RELIGIOUS, AND SCIENTIFIC PURPOSES, WITHIN THE MEANING OF SECTIONS 501(3) AND 170(2) OF THE IRS CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRS CODE. 0 0 20000 20000 2024 CHARITY EVENT WAS AT SOMERSET PARK WITH PROCEEDS BENEFITTING BERNICE'S PLACE, A SUBSIDIARY OF THE ELIZABETH COALITION TO HOUSE THE HOMELESS AS WELL AS OTHER LOCAL CHARITIES (SEE FINANCIAL STATEMENT) AND SCHOLARSHIPS (LISTED HERE AND ON FINANCIAL STATEMENT). BERNICE'S PLACE IS THE ANSWER FOR MANY HOMELESS AND AT-RISK CHILDREN IN ELIZABETH, NJ. BERNICE'S PLACE BUSSES CHILDREN TO AND FROM THEIR PROGRAM AND GIVE THEM A SAFE, FUN AND SUPPORTIVE ENVIRONMENT WHERE THEY CAN SOCIALIZE WITH OTHER CHILDREN AND MAKE LONG LASTING BONDS. 6000 6000 THREE $2,000 GRANTS WERE AWARDED IN 2024 TO VARIOUS CHARITABLE ORGANIZATIONS. IN 2024, GRANTS WERE AWARDED TO PATHWAY FOR EXCEPTIONAL CHILDREN, WOMEN OF ESSEX INC, AND SOMERSET CHILDREN'S CENTER. 5000 5000 ONE $5,000 GRANT AWARDED AS PART OF THE FINANCIAL RESOURCES FCU DAY OF GIVING . IN 2024, GRANTS WERE AWARED TO AMERICA'S GROW-A-ROW. 250 250 EMPLOYEES OF FINANCIAL RESOURCES FCU DONATE AN AMOUNT IN ORDER TO WEAR JEANS TO WORK FOR THAT DAY. ALL MONEY RAISED IS THEN CONTRIBUTED TO LOCAL CHARITIES. 1000 1000 FINANCIAL RESOURCES FCU DEVELOPED THE "WE'RE HERE FOR YOU" PROGRAM TO PROVIDE EMERGENCY GRANTS TO CO-WORKER 3000 3000 THREE $1,000 SCHOLARSHIPS WERE AWARDED IN 2024. THE APPLICANTS MUST BE A MEMBER IN GOOD STANDING OF FINANCIAL RESOURCES FEDERAL CREDIT UNION OR RESIDE IN SOMERSET, HUNTERDON OR MIDDLESEX COUNTIES AND MUST BE ENROLLED AS A HIGH SCHOOL SENIOR AT THE TIME THE APPLICATION IS FILLED OUT. THE SCHOLARSHIP FUND MUST BE USED FOR TUITION OR TEXTBOOKS AND ONLY AT AN ACCREDITED EDUCATIONAL INSTITUITION. THE SIGNED APPLICATION MUST BE SUBMITTED WITH AN OFFICIAL HIGH SCHOOL TRANSCRIPT, AN SAT/ACT TRANSCRIPT PROVIDED THROUGH THE STUDENT'S SCHOOL GUIDANCE OFFICE AND THE TEACHER REFERENCE PORTION OF THE APPLICATION, COMPLETED BY ONE OF THE APPLICANT'S TEACHERS AND RETURNED IN A SEALED, SIGNED ENVELOPE. JUDGING IS BASED ON ACADEMIC PERFORMANCE, COMMUNITY SERVICE / INVOLVEMENT, TEACHER REFERENCE AND PERSONAL GOALS. 4250 4250 35250 1 1 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X BETH ELBAUM 9082536460 3040 ROUTE 22 WEST BLDG 2 BRANCHBURG NJ 08876 X FRANK ALMEIDA PRESIDENT 1.00 X X 0 0 0 BRIAN DEMCSAK VICE PRESIDENT 1.00 X X 0 0 0 BETH ELBAUM TREASURER 1.25 X X 0 0 0 SUSAN DVORIN SECRETARY 2.00 X X 0 0 0 BETH MOLINARO DIRECTOR 1.00 X X 0 0 0 CHARLES MAZZA DIRECTOR 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 65439 600 66039 995 995 0 65439 26837 -26837 -26837 2357 880 1477 1477 41674 0 0 -24365 32250 32250 3000 3000 2350 2350 753 753 38353 35250 3103 0 36447 34913 76434 79739 4000 112881 118652 3392 5842 3392 5842 X 69989 74310 39500 38500 109489 112810 112881 118652 3321 0 X 0 0 0 X 1280 85630 74489 131900 68396 361695 1280 85630 74489 131900 68396 361695 71934 289761 2 2 2 366 995 1367 363062 0.79810 0.81230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PALACE EVENT 65439 65439 13750 2415 7233 3439 65439 65439 13750 2415 7233 3439 26837 -26837 1 ELIZABETH COALITION TO HOUSE THE HOMELESS INC 118 DIVISION STREET ELIZABETH NJ 07201 222305176 501C(3) 20000 0 TO PROVIDE SUPPORT TO CHILDREN'S PROGRAM, BERNICE'S PLACE, THAT PROVIDES AFTER-SCHOOL AND SUMMERTIME TUTORING, EDUCATIONAL ENRICHMENT AND RECREATION FOR CHILDREN AGES 6-13 LIVING IN SHELTERS, HOTELS AND LOW-INCOME SITUATIONS. THE PROGRAM GIVES CHILDREN LIVING IN UNSTABLE SITUATIONS A SAFE AND NUTURING PLACE TO LEARN AND GROW. THE FUNDS WERE USED TO ENHANCE THE PERFORMING ARTS ENRICHMENT PROGRAM FOR THE CHILDREN. IN THE PROGRAM, PARTICIPANTS ARE EXPOSED TO VARIOUS PERFORMING ARTISTS AS THEY PLAN AND PREPARE A LIVE PERFORMANCE FOR FAMILIES AND THE BROADER COMMUNITY. 1 PART I, LINE 2: THE BOARD OF DIRECTORS REVIEWS THE FINANCIALS DURING EACH BOARD MEETING AND A FINANCIAL SUMMARY IS INCLUDED IN THE MEETING MINUTES. EXPLANATION FOR FORM 990, SCHEDULE I, PART IV FINANCIAL RESOURCES FCU FOUNDATION, INC. SELECTS CHARITABLE ORGANIZATIONS THAT ARE ELIGIBLE TO RECEIVE DONATIONS AND ARE QUALIFYING NON-PROFIT INSTITUTIONS UNDER 501(C)(3) OF THE IRS CODE. ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) ARE COMMONLY REFERRED TO AS CHARITABLE ORGANIZATIONS. ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) ARE ELIGIBLE TO RECEIVE TAX-DEDUCTIBLE CONTRIBUTIONS IN ACCORDANCE WITH CODE SECTION 170. NOMINATIONS OF CHARITABLE ORGANIZATIONS ARE FILTERED THROUGH THE BOARD MEMBERS AND THE ANNUAL DECISION IS MADE AND DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION A, LINE 2 ALL OF THE EMPLOYEES HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BECAUSE THEY ARE ALL EMPLOYEES OF FINANCIAL RESOURCES FEDERAL CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS RETURN PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 HARD COPY DOCUMENTS ARE AVAILABLE UPON REQUEST.