Civic Intelligence

Financial Resources Fcu Foundation Inc

EIN 20-8216512 • 501(c)3 • Branchburg, NJ

Profile

The corporation (foundation) has been organized exclusively for the charitable religious, and scientific purposes, within the meaning of sections 501(3) and 170(2) of the irs code, including, for such purposes, the making of distributions to organizations under section 501(c)(3) of the irs code.

3040 Route 22 West Bldg 2Branchburg, NJ 08876

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.02x

Higher debt load relative to assets than 82% of similar nonprofits.

NTEE O12 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

84th percentile

0.02x

Higher debt load relative to revenue than 84% of similar nonprofits.

NTEE O12 • <$500k nonprofits • Source year 2025

Net Margin

87th percentile

73%

Higher net margin than 87% of similar nonprofits.

NTEE O12 • <$500k nonprofits • Source year 2025

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE O12 • <$500k nonprofits • Source year 2025

Asset Growth

90th percentile

156%

Faster asset growth than 90% of similar nonprofits.

NTEE O12 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

93rd percentile

508%

Faster revenue growth than 93% of similar nonprofits.

NTEE O12 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$118,652

Up $5,771 (+5.1%) from 2023

Liabilities

Up

$5,842

Up $2,450 (+72%) from 2023

Net Assets

Up

$112,810

Up $3,321 (+3.0%) from 2023

Revenue

Down

$41,674

Down $61,826 (-60%) from 2023

Expenses

Down

$38,353

Down $11,526 (-23%) from 2023

Net Income

Down

$3,321

Down $50,300 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2010: $32,923Liabilities 2010: $4,450Net Assets 2010: $28,4732010Assets 2011: $34,922Liabilities 2011: $6,650Net Assets 2011: $28,2722011Assets 2012: $34,728Liabilities 2012: $3,050Net Assets 2012: $31,6782012Assets 2013: $34,650Liabilities 2013: $2,950Net Assets 2013: $31,7002013Assets 2014: $34,770Liabilities 2014: $1,230Net Assets 2014: $33,5402014Assets 2015: $33,259Liabilities 2015: $505Net Assets 2015: $32,7542015Assets 2016: $40,317Liabilities 2016: $1,236Net Assets 2016: $39,0812016Assets 2017: $42,821Liabilities 2017: $4,685Net Assets 2017: $38,1362017Assets 2018: $44,701Liabilities 2018: $8,460Net Assets 2018: $36,2412018Assets 2022: $64,935Liabilities 2022: $9,067Net Assets 2022: $55,8682022Assets 2023: $112,881Liabilities 2023: $3,392Net Assets 2023: $109,4892023Assets 2024: $118,652Liabilities 2024: $5,842Net Assets 2024: $112,8102024

Highlighted filing

2024

Assets$118,652
Liabilities$5,842
Net Assets$112,810

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KExpenses 2010: $27,3362010Expenses 2011: $41,8552011Expenses 2012: $30,7102012Revenue 2013: $34,193Expenses 2013: $34,171Net Income 2013: $222013Revenue 2014: $28,471Expenses 2014: $26,631Net Income 2014: $1,8402014Revenue 2015: $22,479Expenses 2015: $23,265Net Income 2015: -$7862015Revenue 2016: $29,118Expenses 2016: $22,791Net Income 2016: $6,3272016Revenue 2017: $25,933Expenses 2017: $26,876Net Income 2017: -$9432017Revenue 2018: $23,661Expenses 2018: $25,556Net Income 2018: -$1,8952018Revenue 2022: $51,094Expenses 2022: $51,257Net Income 2022: -$1632022Revenue 2023: $103,500Expenses 2023: $49,879Net Income 2023: $53,6212023Revenue 2024: $41,674Expenses 2024: $38,353Net Income 2024: $3,3212024

Highlighted filing

2024

Revenue$41,674
Expenses$38,353
Net Income$3,321

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 5, 2025
Return Version
2024v5.1
Gross Receipts
$69,391
Mission and Program Overview

Mission

The corporation (foundation) has been organized exclusively for the charitable religious, and scientific purposes, within the meaning of sections 501(3) and 170(2) of the irs code, including, for such purposes, the making of distributions to organizations under section 501(c)(3) of the irs code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$76,434$79,739▲ $3,305
Cash and Non-Interest-Bearing Accounts$36,447$34,913▼ $1,534
Prepaid Expenses and Deferred Charges-$4,000-
Total Assets$112,881$118,652▲ $5,771
Liabilities
Accounts Payable and Accrued Expenses$3,392$5,842▲ $2,450
Total Liabilities$3,392$5,842▲ $2,450
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$69,989$74,310▲ $4,321
Net Assets With Donor Restrictions$39,500$38,500▼ $1,000
Total Net Assets Fund Balance$109,489$112,810▲ $3,321
Total Liabilities and Net Assets / Fund Balance$112,881$118,652▲ $5,771
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank AlmeidaPresident
Brian DemcsakVice President
Beth MolinaroDirector
Charles MazzaDirector
Susan DvorinSecretary
Beth ElbaumTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$66,039
Program Service Revenue
$0
Investment Income
$995
Other Revenue
$-25,360
All Other Contributions
$600
Change in Net Assets
$3,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$35,250
Other Expenses$3,103
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$32,250--$32,250
Grants to Domestic Individuals$3,000--$3,000
Fees for Services Accounting-$2,350-$2,350
Information Technology-$753-$753
Total Functional Expenses$35,250$3,103$0$38,353
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Elizabeth Coalition to House the Homeless IncElizabeth, NJ501c(3)TO PROVIDE SUPPORT TO CHILDREN'S PROGRAM, BERNICE'S PLACE, THAT PROVIDES AFTER-SCHOOL AND SUMMERTIME TUTORING, EDUCATIONAL ENRICHMENT AND RECREATION FOR CHILDREN AGES 6-13 LIVING IN SHELTERS, HOTELS AND LOW-INCOME SITUATIONS. THE PROGRAM GIVES CHILDREN LIVING IN UNSTABLE SITUATIONS A SAFE AND NUTURING PLACE TO LEARN AND GROW. THE FUNDS WERE USED TO ENHANCE THE PERFORMING ARTS ENRICHMENT PROGRAM FOR THE CHILDREN. IN THE PROGRAM, PARTICIPANTS ARE EXPOSED TO VARIOUS PERFORMING ARTISTS AS THEY PLAN AND PREPARE A LIVE PERFORMANCE FOR FAMILIES AND THE BROADER COMMUNITY.$20,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$26,837
Gaming Gross Income$2,357
Gaming Direct Expenses$880
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Palace Event$65,439-$3,439-
Total Events$65,439-$26,837$-26,837
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

All of the employees have a business relationship with each other because they are all employees of financial resources federal credit union.

Form 990, Part VI, Section B, Line 11B

Management reviews return prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Board members are required to sign a conflict of interest statement annually.

Form 990, Part VI, Section C, Line 19

Hard copy documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Financial Resources Fcu Foundation Inc
EIN
20-8216512
Phone
9082536449
Address
3040 ROUTE 22 WEST BLDG 2, BRANCHBURG, NJ 08876

Signing Officer

Name
Beth Elbaum
Title
Treasurer
Phone
9082536449
Signed
2025-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Elbaum
Formed
2007
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Rkl Llp
Address
1330 BROADCASTING ROAD, WYOMISSING, PA 19610-6008
Preparer
Ruthann J Woll CPA
Phone
6103761595
Raw XML Appendix384 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/PublicSupportCY170Pct00.79810
IRS990ScheduleA/PublicSupportPY170Pct00.81230
IRS990ScheduleA/PublicSupportTotal170Amt0289761
IRS990ScheduleA/SubstantialContributorsTotAmt071934
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt068396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0131900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt074489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt085630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01280
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0361695
IRS990ScheduleA/TotalSupportAmt0363062
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt065439
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt065439
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026837
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt07233
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt07233
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PALACE EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02415
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02415
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt065439
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt065439
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-26837
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03439
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03439
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt013750
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt013750
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE SUPPORT TO CHILDREN'S PROGRAM, BERNICE'S PLACE, THAT PROVIDES AFTER-SCHOOL AND SUMMERTIME TUTORING, EDUCATIONAL ENRICHMENT AND RECREATION FOR CHILDREN AGES 6-13 LIVING IN SHELTERS, HOTELS AND LOW-INCOME SITUATIONS. THE PROGRAM GIVES CHILDREN LIVING IN UNSTABLE SITUATIONS A SAFE AND NUTURING PLACE TO LEARN AND GROW. THE FUNDS WERE USED TO ENHANCE THE PERFORMING ARTS ENRICHMENT PROGRAM FOR THE CHILDREN. IN THE PROGRAM, PARTICIPANTS ARE EXPOSED TO VARIOUS PERFORMING ARTISTS AS THEY PLAN AND PREPARE A LIVE PERFORMANCE FOR FAMILIES AND THE BROADER COMMUNITY.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ELIZABETH COALITION TO HOUSE THE HOMELESS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0222305176
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0118 DIVISION STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ELIZABETH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007201
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE FINANCIALS DURING EACH BOARD MEETING AND A FINANCIAL SUMMARY IS INCLUDED IN THE MEETING MINUTES.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1FINANCIAL RESOURCES FCU FOUNDATION, INC. SELECTS CHARITABLE ORGANIZATIONS THAT ARE ELIGIBLE TO RECEIVE DONATIONS AND ARE QUALIFYING NON-PROFIT INSTITUTIONS UNDER 501(C)(3) OF THE IRS CODE. ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) ARE COMMONLY REFERRED TO AS CHARITABLE ORGANIZATIONS. ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) ARE ELIGIBLE TO RECEIVE TAX-DEDUCTIBLE CONTRIBUTIONS IN ACCORDANCE WITH CODE SECTION 170. NOMINATIONS OF CHARITABLE ORGANIZATIONS ARE FILTERED THROUGH THE BOARD MEMBERS AND THE ANNUAL DECISION IS MADE AND DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, SCHEDULE I, PART IV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL OF THE EMPLOYEES HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BECAUSE THEY ARE ALL EMPLOYEES OF FINANCIAL RESOURCES FEDERAL CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REVIEWS RETURN PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HARD COPY DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0112881
IRS990/TotalAssetsEOYAmt0118652
IRS990/TotalAssetsGrp/BOYAmt0112881
IRS990/TotalAssetsGrp/EOYAmt0118652
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt066039
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03103
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt035250
IRS990/TotalFunctionalExpensesGrp/TotalAmt038353
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03392
IRS990/TotalLiabilitiesEOYAmt05842
IRS990/TotalLiabilitiesGrp/BOYAmt03392
IRS990/TotalLiabilitiesGrp/EOYAmt05842
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0109489
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0112810
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt04250
IRS990/TotalOtherProgSrvcGrantAmt04250
IRS990/TotalProgramServiceExpensesAmt035250
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-24365
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt041674
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0112881
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0118652
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03040 ROUTE 22 WEST BLDG 2
IRS990/USAddress/CityNm0BRANCHBURG
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008876
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BETH ELBAUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09082536449
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FINANCIAL RESOURCES FCU FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FINA
ReturnHeader/Filer/EIN0208216512
ReturnHeader/Filer/PhoneNum09082536449
ReturnHeader/Filer/USAddress/AddressLine1Txt03040 ROUTE 22 WEST BLDG 2
ReturnHeader/Filer/USAddress/CityNm0BRANCHBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008876
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232108173
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RKL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01330 BROADCASTING ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WYOMISSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0196106008
ReturnHeader/PreparerPersonGrp/PhoneNum06103761595
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUTHANN J WOLL CPA
ReturnHeader/ReturnTs02025-06-09T07:30:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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