Overview
What is Franklin Mint Federal Credit Union Foundation Inc?
Franklin Mint Federal Credit Union Foundation Inc, a charitable arm of Franklin Mint Federal Credit Union, is based in Chadds Ford, Pennsylvania. The foundation's primary mission is to support charitable causes and education, aiming to collect and distribute funds for various initiatives. One of their notable activities is partnering with the Delaware County Intermediate Unit to present an annual education recognition event. This event honors students, educators, and community non-profits, acknowledging academic achievements similar to recognizing athletic ability. The banquet, which is free for all attendees, regularly attracts around 500 guests. In addition to this initiative, the foundation also implements financial literacy programs in the local community. With a small team of just two employees, the Franklin Mint Federal Credit Union Foundation Inc continues to make a significant impact in its community.
Official website here: www.fmfcufoundation.org
Is Franklin Mint Federal Credit Union Foundation Inc legitimate?
Franklin Mint Federal Credit Union Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Mint Federal Credit Union Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $8,775
For more financial information, click here
Official website here: www.fmfcufoundation.org
What is the mission statement of Franklin Mint Federal Credit Union Foundation Inc?
The Franklin Mint Federal Credit Union Foundation Inc serves as the charitable arm of its parent organization, with a primary mission to collect and distribute funds in support of various charitable causes. Additionally, the foundation is devoted to implementing financial literacy initiatives within the community. The foundation collaborates with the Delaware County Intermediate Unit to present an annual education recognition event, acknowledging academic achievements and honoring students, educators, scholarship recipients, and community non-profits. All honorees attend the event at no cost, and the event regularly attracts up to 500 guests.
Official website here: www.fmfcufoundation.org
What is the revenue of Franklin Mint Federal Credit Union Foundation Inc?
Franklin Mint Federal Credit Union Foundation Inc's revenue in 2023 was $612,689.
Official website here: www.fmfcufoundation.org
Who are the executives of Franklin Mint Federal Credit Union Foundation Inc and what are their salaries?
The average compensation at Franklin Mint Federal Credit Union Foundation Inc during 2023 was $4,388. There are 2 employees and 10 volunteers at Franklin Mint Federal Credit Union Foundation Inc.
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Official website here: www.fmfcufoundation.org
Where can I find the form 990 for Franklin Mint Federal Credit Union Foundation Inc?
Franklin Mint Federal Credit Union Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fmfcufoundation.org
Learn more at the official website: www.fmfcufoundation.org
Mission Statement of Franklin Mint Federal Credit Union Foundation Inc
Franklin Mint Federal Credit Union Foundation Inc, serving as the charitable arm of the Franklin Mint Federal Credit Union, is dedicated to supporting various charitable causes and promoting financial literacy within the community. Their primary mission involves gathering and distributing funds to aid these causes, as well as implementing initiatives aimed at enhancing financial literacy.
The FMFCU Foundation is actively engaged in various community endeavors. One of their notable projects is their partnership with the Delaware County Intermediate Unit, where they present the county's premier education recognition event. This event recognizes and promotes academic accomplishments in a manner akin to honoring athletic ability. The banquet honors students, educators, and community non-profits, acknowledging their achievements and contributions. Interestingly, all honorees attend the event at no cost, with the banquet typically drawing up to 500 guests. This event showcases the FMFCU Foundation's commitment to supporting education and recognizing the accomplishments of individuals within the community.
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Impact
October, 2024
Franklin Mint Federal Credit Union Foundation Inc significantly impacts its community by committing to support educational initiatives and charitable causes. The foundation collaborates with the Delaware County Intermediate Unit to host the county's premier education recognition event, celebrating academic excellence in a manner akin to athletic achievements. This annual banquet honors outstanding students and educators, including those involved in the Delco Hi-Q Academic Quiz Competition, scholarship recipients, and community nonprofits.
By providing a platform to acknowledge academic accomplishments, the foundation fosters a culture of achievement within the educational community, bringing together approximately 500 attendees to celebrate success. Additionally, the foundation's dedication to financial literacy initiatives enhances the financial well-being of its community, empowering individuals with the knowledge necessary to make informed financial decisions. Overall, Franklin Mint Federal Credit Union Foundation Inc plays a vital role in encouraging educational excellence and community support in Chadds Ford, PA.
This information is meant to be a general summary of Franklin Mint Federal Credit Union Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $35,641
- Gross Receipts: $640,119
Assets and Liabilities:
- Total Assets: $581,818
- Total Liabilities: $15,000
- Net Assets: $566,818
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DCIU MANAGEMENT INCOME
Revenue
$30,775
FOUNDATION CELEBRATION
Revenue
$4,866
Organization Details
Founding Year
2007
Principal Officer
Michael Magnavita
Website
www.fmfcufoundation.orgNTEE Category
Code: B82 - Education
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