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Scott Credit Union Community Foundation

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

EIN: 823443031 ✦ Edwardsville, IL ✦ Designated as a 501(c)(3)

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Overview

What is Scott Credit Union Community Foundation?

The Scott Credit Union Community Foundation is a nonprofit organization committed to serving charitable, educational, religious, or scientific purposes, in line with Section 501(c)(3) of the Internal Revenue Code. One of their primary initiatives is offering financial aid to local schools for granting scholarships to high school graduates, supporting their first year of post-secondary education. Furthermore, the foundation extends its generosity to local charities in Edwardsville and surrounding areas, where the organization has a significant presence. They also contribute to the United Way to aid the local chapter and administer the With You Program, which provides grants to local schools.

Is Scott Credit Union Community Foundation legitimate?

Scott Credit Union Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scott Credit Union Community 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

What is the mission statement of Scott Credit Union Community Foundation?

The Scott Credit Union Community Foundation is committed to supporting charitable, educational, religious, and scientific purposes, in line with Section 501(c)(3) of the Internal Revenue Code. This includes providing financial assistance to local schools for scholarship programs for graduating seniors starting their first year of post-secondary education. Additionally, the foundation extends its financial aid to local charities in the areas it serves. This philanthropic endeavor aims to contribute positively to the community and support various worthy causes.

Who is the CEO of Scott Credit Union Community Foundation?

Frank Padak is the Chairman Of The Board of Scott Credit Union Community Foundation.

What is the revenue of Scott Credit Union Community Foundation?

Scott Credit Union Community Foundation's revenue in 2022 was $187,545.

Who are the executives of Scott Credit Union Community Foundation and what are their salaries?

There 10 volunteers at Scott Credit Union Community Foundation.


Here are 5 key members and their salaries:


Frank Padak (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Seidl (Executive Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashleigh Deatherage (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Peters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracie Buettner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Scott Credit Union Community Foundation?

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

Mission Statement of Scott Credit Union Community Foundation

Scott Credit Union Community Foundation is an organization committed to supporting charitable, educational, religious, or scientific causes, falling under the umbrella of Section 501(c)(3) of the Internal Revenue Code. One of its primary objectives is to offer financial aid to local schools, specifically to senior graduates, enabling them to cover their expenses during their first year of post-secondary education. Additionally, the foundation extends its financial support to various charities within the community it serves, ensuring that these organizations can continue their noble work. By providing financial assistance to these institutions, Scott Credit Union Community Foundation plays a significant role in uplifting and bettering the lives of the people in its vicinity.

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Impact




October, 2024

The Scott Credit Union Community Foundation makes a significant impact in the Edwardsville area by supporting various charitable, educational, religious, and scientific purposes. A key focus is on providing financial assistance to local schools, enabling them to offer scholarships to graduating seniors for their first year of post-secondary education. This support helps pave the way for young individuals to pursue higher education and build a brighter future.

In addition to scholarships, the foundation actively contributes to local charities, enhancing community wellbeing and addressing various needs. By donating to the United Way, it plays a critical role in supporting initiatives that benefit the local chapter and its community programs.

The foundation also administers the With You Program, which awards grants to local schools. This program empowers educators and institutions by providing resources for innovative projects and necessary improvements, fostering a better learning environment for students. Through these efforts, the foundation not only invests in individual futures but also strengthens the fabric of the local community in Edwardsville and its surrounding areas.




This information is meant to be a general summary of Scott Credit Union Community 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
$187,545 (2022)
Expenses
$136,271 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,702
  • Gross Receipts: $197,946

Assets and Liabilities:

  • Total Assets: $481,700
  • Total Liabilities: $0
  • Net Assets: $481,700

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Organization Details

Founding Year

2018

Principal Officer

Frank Padak

Main Address

101 Credit Union Way, Edwardsville, IL, 62025

NTEE Category

Code: B82 - Education

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