The Gecu Foundation works to support Gecu mission, goals & the credit union movement by supporting charitable causes focusing on eleven development issues that affect our community

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $59K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
101%
of spending
Looks good: 101% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$508K
Spent
$676K
To programs
101%
Net assets
$218K
By yearFY2020–FY2024
Revenue
$508K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$508K
FY2021$788K
FY2022$1.0M
FY2023$844K
FY2024$1.6M
Expenses
$676K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$676K
FY2021$857K
FY2022$893K
FY2023$816K
FY2024$1.2M
Net assets
$218K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$218K
FY2021$149K
FY2022$260K
FY2023$287K
FY2024$683K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

101 cents of each dollar spent went to programs.

Program services 101% · $685K Management & general 4% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gecu Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports charitable causes focused on community development issues.

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Provided by the organization

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3 programs · $685K · in their own filed words · FY2020
01

The foundation supported other community charitable organizations such as united way of el paso county, hospice el paso and project vida to hep the people in our community live their best life possible.

$282Kprogram expense
02

The foundation funded donations for several qualified organizations to help alleviate the challenges caused by the COVID-19 pandemic. The funs supported organizations as demand for their services increased such as el pasoans fighting hunger, border rac and ywca.

$244Kprogram expense
03

The foundation funded education through scholarships, school supplies and curricula that were awarded to different qualified organizations or accredited institutions such as texas tech school of dental medicine, el paso community college, and ysleta education foundation in order to support the consumers in improving their quality of life…

$159Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 114 grants · $2.9M · 2020–2024
United Way of El Paso CountyTX · FY2024$146,675
Texas Tech Foundation INCTX · FY2024$64,600
Texas Tech Health Sciences Center El PasoFY2024$27,101
The Epc Museum DBA La NubeTX · FY2024$25,000
Project AmistadTX · FY2024$24,660
Community En AccionTX · FY2024$24,506
See all 114 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$508K
Ln 12
Gifts and grantsLn 1h$493K
Other incomeLn 4–11$13K
Investment incomeLn 3$2K
Money outPt IX
$676K
Ln 25
Programscol B$685K
Managementcol C$28K
Owns and owesPt X
$218K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$236K
LiabilitiesLn 26$14K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$493K
Investment incomeLn 3$2K
Other incomeLn 4–11$13K
Gains on assetsLn 7$0
Total revenueLn 12$508K
Assets in detailPt X, end of year
CashLn 1$219K
SavingsLn 2$0
Cash and savings togetherLn 1–2$219K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$14K
Other assetsLn 15$0
Total assetsLn 16$236K
LiabilitiesLn 26$14K
Net assetsLn 32$218K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6316
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$436K$219K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$14K
Total assetsLn 16$451K$246K
LiabilitiesLn 26$14K$14K
Net assetsLn 32$437K$232K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$674K$674K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$10K$0$10K$0
Accounting feesLn 11c$5K$0$5K$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$9K$0$9K$0
Advertising and promotionLn 12$8K$8K$0$0
Office expensesLn 13$542$0$542$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$3K$3K$415$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$928$0$928$0
Other expenses (24a–d)Ln 24$3K$0$3K$0
Total functional expensesLn 25$713K$685K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.2M$396K$683K 990 PDF
FY2023 $844K$816K$28K$287K 990 PDF
FY2022 $1.0M$893K$110K$260K 990 PDF
FY2021 $788K$857K−$69K$149K 990 PDF
FY2020 Viewing $508K$676K−$169K$218K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $507,734 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $404,346$493,050
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,896$2,183
I-11 Other revenuePrior year $60,018$12,501
I-12 Total revenuePrior year $468,260$507,734
I-13 Grants and similar amounts paidPrior year $405,928$673,905
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,805$38,642
I-18 Total expensesPrior year $416,733$712,547
I-19 Revenue less expensesPrior year $51,527−$204,813
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $507,734 across 8 lines filed
VIII-1f All other contributions, gifts and grants$493,050
VIII-1h Total contributions, gifts and grants$493,050
VIII-3 Investment incomeExcluded from tax $2,183$2,183
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$12,501
VIII-12 Total revenueExcluded from tax $2,183$507,734
Part IX · Statement of functional expenses $712,547 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $673,905$673,905
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $0 · Management $9,511 · Fundraising $0$9,511
IX-11c Accounting feesPrograms $0 · Management $4,685 · Fundraising $0$4,685
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $0 · Management $8,854 · Fundraising $0$8,854
IX-12 Advertising and promotionPrograms $8,377 · Management $0 · Fundraising $0$8,377
IX-13 Office expensesPrograms $0 · Management $542 · Fundraising $0$542
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $2,528 · Management $415 · Fundraising $0$2,943
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $0 · Management $928 · Fundraising $0$928
IX-24 Other expenses (24a–d)Programs $0 · Management $2,802 · Fundraising $0$2,802
IX-25 Total functional expensesPrograms $684,810 · Management $27,737 · Fundraising $0$712,547
Part X · Balance sheet $245,860 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $435,738$219,468
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $1,500$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $13,835$12,556
X-10c Land, buildings and equipment, netStart of year $0$13,836
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $451,073$245,860
X-17 Accounts payable and accrued expensesStart of year $14,140$13,740
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $14,140$13,740
X-27 Net assets without donor restrictionsStart of year $436,933$232,120
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $436,933$232,120
X-33 Total liabilities and net assetsStart of year $451,073$245,860
Part XI · Reconciliation of net assets $232,120 net assets at year end
XI-1 Total revenue$507,734
XI-2 Total expenses$712,547
XI-3 Revenue less expenses−$204,813
XI-4 Net assets at start of year$436,933
XI-10 Net assets at end of year$232,120

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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