2025-11-14T08:55:06-08:00 2024-12-31 222947255 Lear & Pannepacker LLP 791 Alexander Road Princeton NJ 08540 990 2024-01-01 202706810 Affinity Federal Credit Union Foundation AFFI 9088603914 73 Mountainview Blvd Basking Ridge NJ 07920 Kelly Watts Executive Director 2025-11-14 true true Kenneth L Siegel CPA P00181363 6094522200 2024 2025-03-06 01:10:19Z Kelly Watts 73 Mountainview Blvd Basking Ridge NJ 07920 372018 false X www.affinitygives.org X 2005 NJ The Foundation is the philanthropic arm of Affinity Federal Credit Union and its members. 11 11 0 47 0 237397 265260 0 24722 26894 -2446 -20940 259673 271214 225663 160209 0 0 0 60885 103509 91187 329172 251396 -69499 19818 734190 647390 264032 157414 470158 489976 To provide members and communities with solutions to improve financial wellness, educational programs that enable self-sufficiency, and support that ensures access to essential healthcare services. false false 167725 Financial support to nonprofit organization that align with our mission. Scholarship programs for students Financial and social support for individuals living in poverty 167725 true true false false false false false false false false false false false false true true true false false false false false false false true false false true false true false false false false false false false false false false false false false true false false false true 11 0 false 0 false false false false false true true false 0 false false false false false false false X 11 11 false false false false true true false true true false false true true true true true true false false false NJ NY X Kelly Watts 9088603914 73 Mountainview Blvd Basking Ridge NJ 07920 X Kelly Watts Executive Dir. 0.00 35.00 X 0 129591 22602 John Fenton Chair 0.50 0.00 X X 0 0 0 Kawanzaa King Secretary 0.50 0.00 X X 0 0 0 Luis Alzate-Duque Trustee 0.50 0.00 X 0 0 0 Pamela Cohen Vice Chair 0.50 0.00 X X 0 0 0 Frank Giannelli Trustee 0.50 0.00 X 0 0 0 Michelle Jansen Trustee 0.50 0.00 X 0 0 0 MaryAnne Melanson Trustee 0.50 0.00 X 0 0 0 Sandy Sharp Trustee 0.50 0.00 X 0 0 0 Shay Wadher Trustee 0.50 0.00 X 0 0 0 James Reade Treasurer 0.50 0.00 X X 0 0 0 Bryan Watkinson Trustee 0.50 0.00 X 0 0 0 129591 22602 0 false true true 0 28689 177663 58908 265260 0 26894 26894 0 0 0 0 79864 177663 100804 -20940 0 0 0 271214 26894 160209 160209 0 0 0 0 0 0 0 0 0 0 0 13330 13330 10444 3595 6849 0 0 0 5000 2500 2500 18988 5016 3684 10288 0 0 0 484 305 179 0 0 0 0 0 1173 1173 Special Events Expenses 33675 33675 Merchant fees 7394 7394 Professional development 699 699 0 251396 167725 22786 60885 23169 55652 664275 590158 7500 0 0 0 0 0 0 39246 1580 0 0 0 0 0 0 734190 647390 16964 235200 120200 28832 20250 264032 157414 X 470158 489976 470158 489976 734190 647390 19818 X false true X false false X 93361 269509 458758 237397 265260 1324285 0 0 0 0 93361 269509 458758 237397 265260 1324285 0 0 1324285 5852 2090 4549 24722 26894 64107 0 5852 2090 4549 24722 26894 64107 0 0 99213 271599 463307 262119 292154 1388392 0.95380 0.96530 0.04620 0.03470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Refundable advances 20250 20250 X 548561 277347 277347 271214 271214 528743 277347 277347 251396 251396 Part X : FIN48 Footnote The Foundation has been classified by the Internal Revenue Service as an organization described under section 501(c)(3) of the Internal Revenue Code (the "Code") as exempt from federal income taxes under section 501(a) of the Code.ASC Topic 740 Accounting for Uncertainty in Income Taxes clarifies the accounting for uncertainty in income taxes recognized in an entitys financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. The guidance also provides instruction on derecognition, classification, interest and penalties, accounting in interim periods, and disclosure. The Foundation's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively. false Golf 193369 139545 53824 47115 Gala 64158 38118 26040 53689 257527 177663 79864 100804 100804 -20940 true Visions and Pathways 49 Brahma Avenue Bridgewater NJ 08807 237061564 501(C)(3) 6000 0 Operational Support 1 0 Grantmaker's Description of How Grants are Used Procedures Community GrantsCommunity Grants are on an invitation basis. Applications are reviewed by a foundation committee 2-4 times per year. Eligible organizations must be:Tax exempt under 501(c)(3) of the internal revenue code.In good financial standing.Non-discriminatory for any reason, including race, religion, creed, age, sex, sexual orientation and/or national origin.For first time applicants who meet the guidelines, grants will range from $1,000 to $3,000. For recurring grant applications who meet the guidelines grants will range from $1,000 to $10,000. Procedures for ScholarshipsScholarship applications are reviewed by a foundation committee once per year. Eligible students must complete the application including standard essay question and provide both references and transcripts. Student must also be either:Enrolling in a community college or trade school;Enrolling in a four-year school;Enrolling at Rutgers University; orReturning to school for continuing education.Procedures for Member Relief FundIndividuals are referred to the Member Relief Fun through the Affinity Federal Credit Union. Applications are reviewed and approved by foundation staff. Eligible recipients are those that are undergoing a financial crisis. Approved individuals receive an emergency grant and connection to social services.Procedures for Multi-Year Grant ProgramOrganizations applying for Multi Year Grants are selected by foundation staff from the Community Grants program and approved by our board Philanthropy Committee. Successful applicants will demonstrate that the grant will be transformational on either a program or capital project basis, will align with all three of our pillars (financial wellbeing, education, and healthcare) and will assist people living in poverty. Grants are large commitments over a multi-year period. Grant approval is by board vote and grant reports are required each year of the grant period. false false false false false false false false false Kelly Watts Executive Dir. 129591 3850 18752 152193 Form 990, Part VI, Section A, Line 6 The Foundation has members that receive de-minimus benefits Form 990, Part VI, Section B, Line 11b The entire 990 is reviewed and approved by Finance and Audit Committee. A copy of the entire 990 is provided to the board for review prior to filing. Form 990, Part VI, Section B, Line 12c Conflicts of interested are reviewed by Board Development Committee and by the larger board as they arise. Form 990, Part VI, Section C, Line 19 The Foundation makes its governing documents, conflict policy and financial information available upon written request. Affinity Federal Credit Union 73 Mountainview Blvd Basking Ridge NJ 07920 135562114 Financial NJ 501(c)1 NA false false true false false false false false false false false false true false true true true false false false Affinity Federal Credit Union b 20000 FMV Affinity Federal Credit Union l 4000 Actual costs Affinity Federal Credit Union n 12520 Alloc by sq ft Affinity Federal Credit Union o 264828 Actual payrolls Affinity Federal Credit Union p 1799 Actual Costs