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Credit Union Of Colorado Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454319925 ✦ Denver, CO ✦ Designated as a 501(c)(3)

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Overview

What is Credit Union Of Colorado Foundation?

The Credit Union of Colorado Foundation is a nonprofit organization situated in Denver, Colorado, with an address at 1390 Logan Street, 80203. Their primary mission is to offer grants, facilitate fundraising, and encourage volunteerism in support of local charities, with a focus on education and human services. In the realm of education, they initially plan to grant funding to organizations that reinforce public education in Colorado, including scholarships for higher education and backing for innovative programs within public school districts that are not funded by the districts themselves. Additionally, they aim to improve financial literacy by providing financial support to public programs and nonprofit initiatives, aiming to reduce financial illiteracy. In terms of human services, they will initially support organizations providing assistance programs that cater to the basic health, welfare, and other needs of the poor, sick, or elderly in Colorado communities, including grants for emergency funds for public sector employee assistance programs.


Official website here: www.cuofcofoundation.org

Is Credit Union Of Colorado Foundation legitimate?

Credit Union Of Colorado Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Credit Union Of Colorado Foundation 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cuofcofoundation.org

What is the mission statement of Credit Union Of Colorado Foundation?

The Credit Union of Colorado Foundation has a mission to provide grants, fundraising, and encourage volunteerism in support of local charities. This organization focuses its efforts on education and human services, with an initial emphasis on grant-making to organizations that support public education in Colorado. This includes funding scholarship programs for higher education and supporting exciting and emerging programs in public school districts not funded by the districts themselves. In addition, the foundation aims to improve financial literacy through financial support of public programs and nonprofit initiatives, with the goal of reducing financial illiteracy. For human services, the foundation supports organizations that provide assistance programs to meet basic health, welfare, and other needs of the poor, sick, or elderly in communities in Colorado.

In summary, the Credit Union of Colorado Foundation actively works to support local charities by providing grants, fundraising, and encouraging volunteerism. With a focus on education and human services, the foundation aims to improve financial literacy and provide assistance to those in need through grants to various organizations.


Official website here: www.cuofcofoundation.org

Who is the CEO of Credit Union Of Colorado Foundation?

Terrance Leis is the Member of Credit Union Of Colorado Foundation.


Official website here: www.cuofcofoundation.org

What is the revenue of Credit Union Of Colorado Foundation?

Credit Union Of Colorado Foundation's revenue in 2022 was $246,357.


Official website here: www.cuofcofoundation.org

Who are the executives of Credit Union Of Colorado Foundation and what are their salaries?


Here are 9 key members and their salaries:


Terry Leis (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kamela Pancroft (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joann Vondracek (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Smith (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Hinton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Vannostrand (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Fleckenstein (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitch Rosenbaum (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Winkelbauer (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cuofcofoundation.org

Where can I find the form 990 for Credit Union Of Colorado Foundation?

Credit Union Of Colorado Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cuofcofoundation.org

Learn more at the official website: www.cuofcofoundation.org

Mission Statement of Credit Union Of Colorado Foundation

The Credit Union of Colorado Foundation is committed to providing grants, fostering fundraising efforts, and encouraging volunteerism in support of local charities. This nonprofit organization focuses its efforts on two primary areas: education and human services. In the realm of education, the Foundation aims to grant funds to organizations that are a part of or support public education in Colorado. This includes funding scholarship programs for higher education and backing exciting and emerging programs within public school districts that are not covered by the districts themselves. Additionally, the Foundation seeks to improve financial literacy by providing financial support to public programs and nonprofit initiatives aimed at reducing financial illiteracy.

In the area of human services, the Credit Union of Colorado Foundation supports organizations that provide assistance programs to meet the basic health, welfare, and other needs of the poor, sick, or elderly in communities across Colorado. This includes granting funds to public sector employee assistance programs' emergency funds. By investing in these areas, the Credit Union of Colorado Foundation plays a crucial role in improving the lives of individuals and communities in need, fostering growth and development through education and providing essential services to those who need them most.

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Impact




October, 2024

The Credit Union Of Colorado Foundation significantly impacts local communities through its commitment to grant-making, fundraising, and fostering volunteerism. Focusing primarily on education and human services, the foundation provides crucial support to organizations within Colorado that enhance public education and address fundamental needs.

In the realm of education, the foundation allocates grants to initiatives that bolster scholarship programs for higher education and support innovative projects in public school districts that lack adequate funding. Additionally, it enhances financial literacy by supporting public programs and initiatives aimed at educating individuals about managing finances effectively.

On the human services front, the foundation backs organizations that offer essential assistance to the underprivileged, sick, and elderly populations. This includes funding for emergency assistance programs designed to address urgent needs in local communities. By targeting these areas, the Credit Union Of Colorado Foundation strives to make a meaningful and lasting impact, improving the lives of many individuals across Colorado.




This information is meant to be a general summary of Credit Union Of Colorado Foundation. 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.

Revenue
$246,357 (2022)
Expenses
$261,221 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $54
  • Gross Receipts: $293,157

Assets and Liabilities:

  • Total Assets: $103,081
  • Total Liabilities: $0
  • Net Assets: $103,081

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Organization Details

Founding Year

2012

Principal Officer

Terrance Leis

Main Address

1390 Logan Street, Denver, CO, 80203

NTEE Category

Code: T90 - Philanthropy

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