Overview
What is African American Credit Union Coalition?
The African American Credit Union Coalition, located in Snellville, Georgia, is a nonprofit organization with a mission to promote diversity in the credit union community. They accomplish this through advocacy and professional development. The Coalition offers a Board-Ready Training Series to enhance leadership skills and prepare board members to make significant contributions to local non-profit boards. With a team of 11 dedicated individuals, they strive to foster a more inclusive credit union sector, contributing positively to the community at large.
Official website here: www.aacuc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating.
The African American Credit Union Coalition has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization exhibits strong governance with a fully independent board and effective audit oversight. However, the overall score reflects significant weaknesses in transparency, as key documents like tax forms and conflict of interest policies are missing from their website.
A notable strength of the coalition is its exemplary liabilities to assets ratio, indicating solid financial stability. Additionally, they have a reasonable program expense ratio, though it is below standards for higher ratings. The organization displays commitment to governance with documented board meeting minutes and a solid document retention policy, yet the absence of critical policies suggests areas needing improvement.
In summary, while the African American Credit Union Coalition demonstrates strong accountability and has some solid financial practices, its lack of transparency and missing governance policies are potential concerns for donors and supporters looking for comprehensive accountability measures.
This AI summary has been generated from information found on Charity Navigator.
Is African American Credit Union Coalition legitimate?
African American Credit Union Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. African American Credit Union Coalition 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: $288,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $373,871
For more financial information, click here
Official website here: www.aacuc.org
What is the mission statement of African American Credit Union Coalition?
The African American Credit Union Coalition's mission is centered around fostering diversity within the credit union community. They accomplish this through advocacy and professional development. Their activities are geared towards promoting inclusivity, with a specific focus on enhancing leadership skills and preparing board members to make significant contributions to non-profit boards within the community, as demonstrated by their Board-Ready Training Series.
Official website here: www.aacuc.org
Who is the CEO of African American Credit Union Coalition?
Cathryn Sattiewhite is the CEO of African American Credit Union Coalition The CEO's salary of African American Credit Union Coalition is $183,097 and their total compensation is $193,027.
Official website here: www.aacuc.org
What is the revenue of African American Credit Union Coalition?
African American Credit Union Coalition's revenue in 2023 was $2,475,988.
Official website here: www.aacuc.org
Who are the executives of African American Credit Union Coalition and what are their salaries?
The average compensation at African American Credit Union Coalition during 2023 was $82,746. There are 8 employees and 13 volunteers at African American Credit Union Coalition.
Here are 15 key members and their salaries (African American Credit Union Coalition's CEO's salary is $183,097 and their total compensation is $193,027):
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- Compensation: $183,097
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- Other: $9,930
- Compensation: $105,000
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- Other: $9,295
Official website here: www.aacuc.org
Where can I find the form 990 for African American Credit Union Coalition?
African American Credit Union Coalition's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aacuc.org
Learn more at the official website: www.aacuc.org
Mission Statement of African American Credit Union Coalition
The African American Credit Union Coalition, in its mission, strives to foster diversity within the credit union community. They achieve this goal through advocacy and professional development initiatives. By doing so, they aim to enhance the representation and influence of African American credit unions within the broader financial sector. Their board-ready training series is a significant part of this mission. This program is designed to improve leadership skills and prepare board members to serve with impact on non-profit boards within their communities, thereby strengthening the credit union sector as a whole.
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Impact
July, 2024
The African American Credit Union Coalition has a significant impact on increasing diversity within the credit union community through advocacy and professional development. Their Board-Ready Training Series is specifically designed to enhance leadership skills and prepare board members to serve with impact on non-profit boards within the community. This organization, based in Snellville, GA, is dedicated to promoting diversity and empowering individuals within the credit union industry to serve effectively and make a difference in their communities. Their commitment to professional development and advocacy contributes to community improvement and the advancement of diversity in the credit union sector.
This information is meant to be a general summary of African American Credit Union Coalition. 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.
- Investment Income: $10,086
- Program Service Revenue: $2,183,408
- Gross Receipts: $2,475,988
Assets and Liabilities:
- Total Assets: $300,025
- Total Liabilities: $0
- Net Assets: $300,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CORPORATE PARTNER SUPP
Revenue
$1,269,756
CONFERENCE DUES
Revenue
$670,556
MEMBERSHIP INCOME
Revenue
$243,096
Organization Details
Founding Year
1999
Principal Officer
Cathryn Sattiewhite
Website
www.aacuc.orgNTEE Category
Code: S40 - Community improvement
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