NonprofitsFinancial Resources Fcu Foundationsinc

Youth Development

Financial Resources Fcu Foundationsinc

BRANCHBURG, NJ

Total revenue

$42K

Total expenses

$38K

Net assets

$113K

Grants received

EIN

208216512

Tax year

2024

Mission

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.

Programs

5 programs

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.

Expenses: $6KGrants: $6K

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.

Expenses: $5KGrants: $5K

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.

Expenses: $250Grants: $250

Financial resources fcu developed the "we're here for you" program to provide emergency grants to co-worker

Expenses: $1KGrants: $1K

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.

Expenses: $3KGrants: $3K

Financials

FY 2024

Revenue

Contributions & grants$66K
Program service revenue
Investment income$995
Other revenue
Total revenue$42K

Expenses

Grants paid$35K
Salaries & benefits
Fundraising
Other expenses$3K
Total expenses$38K
Total assets$119K
Net assets$113K

People

6 listed

NameRoleCompensation

FRANK ALMEIDA

PRESIDENT

Board

1 hrs/wk

BRIAN DEMCSAK

VICE PRESIDENT

Board

1 hrs/wk

BETH ELBAUM

TREASURER

Board

1.25 hrs/wk

SUSAN DVORIN

SECRETARY

Board

2 hrs/wk

BETH MOLINARO

DIRECTOR

Board

1 hrs/wk

CHARLES MAZZA

DIRECTOR

Board

1 hrs/wk

Details

EIN208216512
NTEE codeO12
Subsection03
Ruling date2007-05
Formed2007
Employees0
Volunteers6
FINANCIAL RESOURCES FCU FOUNDATIONSINC — Mission, Financials & Grants Received | Grantivo