Apcu Foundation INC

Tax-deductible

Atlanta, GA501(c)(3)Public & Societal BenefitEIN 99-0455109Revenue $308K in FY2024

On file with the IRSapcu.com/about-us/apcu-foundation400 Porsche Ave, 30354-1785 · Atlanta, GATax-exempt since Jul 2024Publicly supported — 509(a)(2)

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The Apcu Foundation is the philanthropic arm of Apcu and center parc credit union.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
32 mo
of spending, in cash
Looks good: 31.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $266K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 11 voting members
Worth a look: 2 of 11 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
Spent
$81K
To programs
99%
Net assets
$228K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2024.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $80K Management & general 1% · $550

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Cf0. Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Apcu Foundation INC 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 15aNo

Programs and updates

Supports community initiatives and financial education through philanthropic efforts.

Provided by the organization

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1 program · $80K · in their own filed words · FY2024
01

The apcu foundation makes charitable contributions and impactful investments in the communities we serve. Those contributions and investments include college scholarships, financial literacy education, disaster relief, children's health and welfare initiatives, and causes aimed at helping veterans.

$80Kprogram 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$266K
Grants paid · 3 grants · $80K · 2024–2024
The Friends of the Miracle LeagueFY2024$50,000
The Postal Employee's Relief FundFY2024$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$308K
Ln 12
Gifts and grantsLn 1h$311K
Investment incomeLn 3$416
Money outPt IX
$81K
Ln 25
Programscol B$80K
Managementcol C$550
Owns and owesPt X
$228K
net assets · Ln 32
Cash and savingsLn 1–2$213K
Total assetsLn 16$228K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$311K
Noncash giftsLn 1g$1K
Fundraising eventsLn 1c$26K
Investment incomeLn 3$416
Gains on assetsLn 7$0
Total revenueLn 12$308K
Assets in detailPt X, end of year
SavingsLn 2$213K
Cash and savings togetherLn 1–2$213K
Total assetsLn 16$228K
LiabilitiesLn 26$0
Net assetsLn 32$228K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$213K
Total assetsLn 16$0$228K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$228K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$80K$80K
Legal feesLn 11b$550$550
Total functional expensesLn 25$81K$80K$550$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $308K$81K$228K$228K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $308,495 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$310,852
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$416
I-11 Other revenuePrior year $0−$2,773
I-12 Total revenuePrior year $0$308,495
I-13 Grants and similar amounts paidPrior year $0$80,000
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 $0$550
I-18 Total expensesPrior year $0$80,550
I-19 Revenue less expensesPrior year $0$227,945
Part VI · Governance 2 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $308,495 across 9 lines filed
Lines not itemized here account for $1,000 of total revenue; see the IRS return.
VIII-1c Fundraising events$25,621
VIII-1d Related organizations$265,661
VIII-1f All other contributions, gifts and grants$19,570
VIII-1g Noncash contributions (included above)$1,142
VIII-1h Total contributions, gifts and grants$310,852
VIII-3 Investment incomeExcluded from tax $416$416
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax −$3,773−$3,773
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$2,357$308,495
Part IX · Statement of functional expenses $80,550 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $80,000$80,000
IX-11b Legal feesManagement $550$550
IX-25 Total functional expensesPrograms $80,000 · Management $550 · Fundraising $0$80,550
Part X · Balance sheet $227,945 assets, 6 lines filed
X-2 Savings and temporary cash investments$213,379
X-9 Prepaid expenses and deferred charges$14,566
X-16 Total assetsStart of year $0$227,945
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$227,945
X-33 Total liabilities and net assetsStart of year $0$227,945
Part XI · Reconciliation of net assets $227,945 net assets at year end
XI-1 Total revenue$308,495
XI-2 Total expenses$80,550
XI-3 Revenue less expenses$227,945
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$227,945

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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