Overview
What is Sunlight Federal Credit Union Foundation?
The Sunlight Federal Credit Union Foundation is a charitable organization based in Cody, Wyoming. Established with a mission to support the educational growth of youth and young adults, it offers nine scholarships annually to high school graduates and returning college students. Beyond scholarships, the foundation engages in various initiatives. It champions financial literacy programs in elementary, middle, and high schools, fostering financial awareness among the younger generation. Additionally, the foundation sponsors youth activities and clubs such as 4H, FFA, FHA, FBLA, and DECA, encouraging community involvement and personal development. Furthermore, it supports civic activities and seasonal youth sports, promoting a well-rounded upbringing for young people.
Official website here: www.sunlightfcu.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
The Sunlight Federal Credit Union Foundation has received a low rating of 57%, which is indicative of significant concerns regarding its financial performance and accountability. The rating is based exclusively on the Accountability & Finance beacon, demonstrating that the organization excels in governance and operational transparency but struggles with financial sustainability.
Strengths of the organization include a fully independent board of directors and the presence of essential policies such as conflict of interest and whistleblower protections. Additionally, the foundation has no material diversion of assets, which reflects positively on its management practices. However, the organization's program expense ratio is notably low at 45.52%, which may suggest that a smaller portion of its resources is being allocated towards its programs, raising questions about the impact of its contributions.
The evaluation highlights that while the foundation maintains strong governance practices, its overall financial health is concerning, particularly with a liabilities to assets ratio of 0.00%. This raises potential issues regarding the sustainability of its operations and its ability to effectively serve its mission in the long term. The lack of a posted tax form on its website further detracts from its accountability and transparency efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Sunlight Federal Credit Union Foundation legitimate?
Sunlight Federal Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunlight Federal Credit Union 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.sunlightfcu.com
What is the mission statement of Sunlight Federal Credit Union Foundation?
The Sunlight Federal Credit Union Foundation was established with a mission to support various initiatives aimed at empowering youth and young adults. One of its primary objectives is to provide scholarships to students pursuing higher education. Furthermore, the foundation supports financial literacy programs in elementary, middle, and high schools, helping the next generation make informed decisions about money management. Additionally, it backs youth activities and clubs such as 4H, FFA, FHA, FBLA, and DECA, fostering leadership and teamwork skills. Moreover, the foundation contributes to civic activities and seasonal youth sports, encouraging community involvement and a healthy lifestyle. In summary, the Sunlight Federal Credit Union Foundation's mission is to contribute to the educational and personal growth of young individuals, fostering financial literacy, leadership, and community engagement.
Official website here: www.sunlightfcu.com
Who is the CEO of Sunlight Federal Credit Union Foundation?
Julie Dunham is the Director of Sunlight Federal Credit Union Foundation.
Official website here: www.sunlightfcu.com
What is the revenue of Sunlight Federal Credit Union Foundation?
Sunlight Federal Credit Union Foundation's revenue in 2022 was $61,097.
Official website here: www.sunlightfcu.com
Who are the executives of Sunlight Federal Credit Union Foundation and what are their salaries?
There 7 volunteers at Sunlight Federal Credit Union Foundation.
Here are 7 key members and their salaries:
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Official website here: www.sunlightfcu.com
Where can I find the form 990 for Sunlight Federal Credit Union Foundation?
Sunlight Federal Credit Union Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sunlightfcu.com
Learn more at the official website: www.sunlightfcu.com
Mission Statement of Sunlight Federal Credit Union Foundation
The Sunlight Federal Credit Union Foundation, established with a noble purpose, aims to serve various sectors of youth and young adults. Its mission is multi-faceted, encompassing several key areas. Firstly, the foundation offers scholarships to students who are pursuing higher education, providing them with financial aid to further their academic journey. Secondly, Sunlight Federal Credit Union Foundation supports financial literacy programs in elementary, middle, and high schools, equipping the future generation with essential financial skills.
In addition to these, the foundation extends its support to youth activities and clubs such as 4H, FFA, FHA, FBLA, and DECA. These organizations often play a significant role in shaping young minds, fostering leadership and teamwork skills. Lastly, Sunlight Federal Credit Union Foundation also contributes to civic activities and seasonal youth sports, promoting community involvement and healthy lifestyle choices among the youth.
In summary, the Sunlight Federal Credit Union Foundation is a philanthropic entity dedicated to meeting the educational needs of youth and young adults. Through scholarships, financial literacy programs, support for youth clubs, and involvement in civic activities, the foundation aims to empower and shape the future leaders of society.
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Impact
August, 2024
Sunlight Federal Credit Union Foundation has made a significant impact by providing scholarships to students furthering their education, supporting financial literacy programs in schools, backing youth activities and clubs such as 4H, FFA, FHA, FBLA, and DECA, and aiding civic activities and seasonal youth sports. They have met educational needs for youth and young adults by awarding 9 scholarships to graduating high school seniors and returning college students.
This information is meant to be a general summary of Sunlight Federal Credit Union 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,598
- Gross Receipts: $79,459
Assets and Liabilities:
- Total Assets: $241,379
- Total Liabilities: $0
- Net Assets: $241,379
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Organization Details
Founding Year
2020
Phone
(307) 587-4915Principal Officer
Julie Dunham
Main Address
PO BOX 190, CODY, WY, 82414
Website
www.sunlightfcu.comNTEE Category
Code: O50 - Youth development
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