Education Credit Union Foundation

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

EIN: 882267642 ✦ Amarillo, TX ✦ Designated as a 501(c)(3)

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Overview

What is Education Credit Union Foundation?

The Education Credit Union Foundation, situated in Amarillo, Texas, is a dedicated nonprofit organization. Its primary objective is to facilitate socio-economic advancement for children and adults residing in the Texas Panhandle community. The foundation accomplishes this mission through the provision of scholarships as part of its programs. By granting these scholarships, the Education Credit Union Foundation strives to empower individuals in the community, ultimately fostering a positive impact on their socio-economic status.

Is Education Credit Union Foundation legitimate?

Education Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education Credit Union Foundation submitted a form 990EZ, 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 Education Credit Union Foundation?

The Education Credit Union Foundation aims to encourage and enhance the social economic advancement of children and adults within their community. This is achieved through the provision of scholarships as part of their program initiatives. The foundation is committed to fostering upward mobility and is based in an undisclosed location within the Texas Panhandle region.

What is the revenue of Education Credit Union Foundation?

Education Credit Union Foundation's revenue in 2023 was $984,350.

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

There 7 volunteers at Education Credit Union Foundation.

Here are 7 key members and their salaries:


Marcus Smith (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrian Alajandre (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Haley Pate (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Purdy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Buddy Stephenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiffany Sharpensteen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Morgan (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Education Credit Union Foundation?

Education Credit Union Foundation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Education Credit Union Foundation

The Education Credit Union Foundation, a notable organization, is committed to fostering and promoting socio-economic advancement in the community of the Texas Panhandle. It achieves this goal primarily through granting scholarships as part of its programs. The foundation's mission is geared towards uplifting both children and adults in this region, aiming to contribute positively to their socio-economic status.

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Impact




August, 2024

The Education Credit Union Foundation's impact is significant in fostering and promoting upward socio-economic mobility among children and adults in the Texas Panhandle community. Through its scholarship programs, the foundation provides opportunities for individuals to pursue higher education and improve their prospects for the future. By supporting education and skill development, the foundation helps empower individuals to break cycles of poverty and achieve personal and professional success. This impact contributes to building a stronger and more vibrant community in Amarillo and beyond.




This information is meant to be a general summary of Education 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.

Revenue
$984,350 (2023)
Expenses
$953,518 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $100
  • Gross Receipts: $984,350

Assets and Liabilities:

  • Total Assets: $787
  • Total Liabilities: $0
  • Net Assets: $787

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Organization Details

Principal Officer

Marcus Smith

NTEE Category

Code: P20 - Human services

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