Overview
What is Marine Credit Union Foundation Inc?
Marine Credit Union Foundation Inc is a charitable organization based in La Crosse, Wisconsin, with a mission to enhance the lives of community members served by Marine Credit Union. Their primary objective is to provide charitable contributions and promote financial literacy, aiming to improve overall quality of life. The Foundation carries out this mission through various initiatives, contributing to the betterment of the communities they serve.
Official website here: www.marinecu.com/marine-credit-union-f
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Marine Credit Union Foundation Inc has achieved an impressive 97% score, indicating a strong commitment to accountability and finance. This rating reflects a transparent organizational structure with a fully independent board, ensuring unbiased decision-making and governance. The foundation has successfully maintained a good balance in managing its assets and liabilities, with a low liabilities-to-assets ratio of 10.82%, showcasing financial stability.
The organization’s financial health is further demonstrated by a program expense ratio of 79.70%, meaning that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the foundation has robust policies in place, including a conflict of interest policy, whistleblower policy, and protocols for document retention and destruction, all of which contribute to its high score in accountability.
One limitation noted is the reliance on a single beacon score for this rating, which primarily assesses financial aspects. While the financial metrics present a favorable view of the organization, additional insights into its programmatic impact or community engagement could provide a more holistic understanding of its effectiveness. Overall, the Marine Credit Union Foundation Inc appears to be a well-managed and financially responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Marine Credit Union Foundation Inc legitimate?
Marine Credit Union Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marine 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: $94,889
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,774
For more financial information, click here
Official website here: www.marinecu.com/marine-credit-union-f
What is the mission statement of Marine Credit Union Foundation Inc?
The Marine Credit Union Foundation's mission is geared towards making a positive impact in the communities served by Marine Credit Union. This is accomplished through charitable donations and initiatives that aim to enhance financial literacy. The objective is to improve the quality of life for individuals living in these communities. The foundation was established with the goal of contributing to these communities in a meaningful way. It strives to promote financial literacy, a crucial life skill, to empower individuals and foster a better standard of living.
Official website here: www.marinecu.com/marine-credit-union-f
Who is the CEO of Marine Credit Union Foundation Inc?
Ken King is the President of Marine Credit Union Foundation Inc.
Official website here: www.marinecu.com/marine-credit-union-f
What is the revenue of Marine Credit Union Foundation Inc?
Marine Credit Union Foundation Inc's revenue in 2022 was $458,798.
Official website here: www.marinecu.com/marine-credit-union-f
Who are the executives of Marine Credit Union Foundation Inc and what are their salaries?
There 92 volunteers at Marine Credit Union Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $61,442
- Other: $24,582
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.marinecu.com/marine-credit-union-f
Where can I find the form 990 for Marine Credit Union Foundation Inc?
Marine Credit Union Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marinecu.com/marine-credit-union-f
Learn more at the official website: www.marinecu.com/marine-credit-union-f
Mission Statement of Marine Credit Union Foundation Inc
Marine Credit Union Foundation Inc's mission is centered around making a positive impact in the communities served by Marine Credit Union. This nonprofit organization aims to achieve this by providing charitable contributions and initiating programs that enhance financial literacy. The ultimate objective is to improve the quality of life for individuals living within these communities. By doing so, Marine Credit Union Foundation Inc strives to make a meaningful difference and contribute to the betterment of society at large.
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Impact
July, 2024
Marine Credit Union Foundation Inc's impact is focused on providing charitable contributions and increasing financial literacy to improve the quality of life for individuals living in the communities served by Marine Credit Union. Through its mission to make a positive difference through charitable donations and initiatives that enhance financial literacy, the foundation is dedicated to supporting education and empowering individuals to achieve financial stability. By doing so, Marine Credit Union Foundation Inc is positively impacting the communities it serves by promoting economic empowerment and fostering a sense of financial well-being among its members.
This information is meant to be a general summary of Marine 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 2022.
- Investment Income: $40,573
- Gross Receipts: $824,127
Assets and Liabilities:
- Total Assets: $1,357,362
- Total Liabilities: $146,907
- Net Assets: $1,210,455
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Organization Details
Founding Year
2007
Phone
(608) 791-1306Principal Officer
Ken King
Main Address
811 MONITOR STREET, LA CROSSE, WI, 54603
NTEE Category
Code: B60 - Education
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