Civic Intelligence

Gecu Foundation

990 • Fiscal year 2023 • EIN 20-8801986

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 10, 2024

1225 Airway BlvdEl Paso, TX 79925

(915) 778-9221

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

48th percentile

3.3%

Higher net margin than 48% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-16%

Faster revenue growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$287,110

Up $27,566 (+11%) from 2022

Net Assets

Up

$287,110

Up $27,566 (+11%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$843,511

Down $160,164 (-16%) from 2022

Expenses

Down

$815,945

Down $77,238 (-8.6%) from 2022

Net Income

Down

$27,566

Down $82,926 (-75%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $16,833Liabilities 2010: $0Net Assets 2010: $16,8332010Assets 2011: $11,137Liabilities 2011: $0Net Assets 2011: $11,1372011Assets 2012: $49,592Liabilities 2012: $0Net Assets 2012: $49,5922012Assets 2013: $9,882Liabilities 2013: $0Net Assets 2013: $9,8822013Assets 2014: $46,113Liabilities 2014: $0Net Assets 2014: $46,1132014Assets 2015: $39,441Liabilities 2015: $0Net Assets 2015: $39,4412015Assets 2016: $13,256Liabilities 2016: $0Net Assets 2016: $13,2562016Assets 2017: $166,652Liabilities 2017: $0Net Assets 2017: $166,6522017Assets 2018: $385,406Liabilities 2018: $0Net Assets 2018: $385,4062018Assets 2019: $451,073Liabilities 2019: $14,140Net Assets 2019: $436,9332019Assets 2020: $245,860Liabilities 2020: $13,740Net Assets 2020: $232,1202020Assets 2021: $149,052Liabilities 2021: $0Net Assets 2021: $149,0522021Assets 2022: $259,544Liabilities 2022: $0Net Assets 2022: $259,5442022Assets 2023: $287,110Liabilities 2023: $0Net Assets 2023: $287,1102023Assets 2024: $682,625Liabilities 2024: $0Net Assets 2024: $682,6252024

Highlighted filing

2023

Assets$287,110
Liabilities$0
Net Assets$287,110

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $63Expenses 2010: $0Net Income 2010: $632010Revenue 2011: $29,304Expenses 2011: $35,000Net Income 2011: -$5,6962011Revenue 2012: $38,455Expenses 2012: $0Net Income 2012: $38,4552012Revenue 2013: $35,290Expenses 2013: $75,000Net Income 2013: -$39,7102013Revenue 2014: $46,231Expenses 2014: $10,000Net Income 2014: $36,2312014Revenue 2015: $46,428Expenses 2015: $53,100Net Income 2015: -$6,6722015Revenue 2016: $72,029Expenses 2016: $98,214Net Income 2016: -$26,1852016Revenue 2017: $189,339Expenses 2017: $35,943Net Income 2017: $153,3962017Revenue 2018: $299,093Expenses 2018: $80,339Net Income 2018: $218,7542018Revenue 2019: $468,260Expenses 2019: $416,733Net Income 2019: $51,5272019Revenue 2020: $507,734Expenses 2020: $712,547Net Income 2020: -$204,8132020Revenue 2021: $787,862Expenses 2021: $857,201Net Income 2021: -$69,3392021Revenue 2022: $1,003,675Expenses 2022: $893,183Net Income 2022: $110,4922022Revenue 2023: $843,511Expenses 2023: $815,945Net Income 2023: $27,5662023Revenue 2024: $1,551,607Expenses 2024: $1,156,092Net Income 2024: $395,5152024

Highlighted filing

2023

Revenue$843,511
Expenses$815,945
Net Income$27,566
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 10, 2024
Return Version
2023v5.1
Gross Receipts
$843,511
Mission and Program Overview

Mission

The gecu foundation is the philanthropic arm of gecu that operates to elevate the el paso community and the credit union movement through strategic fundraising and charitable giving.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$247,194$274,055▲ $26,861
Prepaid Expenses and Deferred Charges$12,350$13,055▲ $705
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$259,544$287,110▲ $27,566
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$259,544$287,110▲ $27,566
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$259,544$287,110▲ $27,566
Total Liabilities and Net Assets / Fund Balance$259,544$287,110▲ $27,566
Compensation and Service Providers

Board Members and Trustees

NameTitle
Crystal LongChairman
Brad TaylorDirector
Elvira VallesDirector
Tomas Sigala JrDirector
Grace VaughnTreasurer and Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$617,500
Program Service Revenue
$0
Investment Income
$1,937
Other Revenue
$224,074
All Other Contributions
$417,500
Change in Net Assets
$27,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$584,698
Other Expenses$231,247
Total Fundraising Expense$1,269
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$584,698--$584,698
All Other Expenses$61,803$12,547-$74,350
Occupancy$0$12,277$0$12,277
Office Expenses$4,861$2,721$1,269$8,851
Fees for Services Accounting$0$4,191$0$4,191
Fees for Services Legal$0$3,778$0$3,778
Other Expenses$1,773$0$0$1,773
Travel$0$384$0$384
Total Functional Expenses$766,240$48,436$1,269$815,945
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of El Paso CountyEl Paso, TX501(c)(3)General Support$145,000
Texas Tech University FoundationLubbock, TX501(c)(3)Donation for Education$64,600
El Paso Credit Union - HoapEl Paso, TX501(c)(3)General Support and to Benefit Children With Backpacks and School Supplies$50,000
El Pasoans Fighting HungerEl Paso, TX501(c)(3)General Support$30,000
The Epc MuseumEl Paso, TX501(c)(3)Doantion for Community$25,000
University of Texas at El PasoEl Paso, TX501(c)(3)General Support$19,000
EL PASO CHILDREN'S HOSPITALEl Paso, TX501(c)(3)General Support$16,667
Rebuilding Together El PasoEl Paso, TX501(c)(3)General Support$15,000
Casa De PeregrinosLas Cruces, NM501(c)(3)Donation for Health$13,000
El Paso Community College FoundationEl Paso, TX501(c)(3)Funded Scholarship$12,500
Hospice of El PasoEl Paso, TX501(c)(3)-$11,600
Candlelighters of El PasoEl Paso, TX501(c)(3)General Support$10,000
Casa of El Paso IncEl Paso, TX501(c)(3)General Support$10,000
Doctors of the World USANew York, NY501(c)(3)General Support$10,000
Howard Payne UniversityBrownwood, TX501(c)(3)Donation for Scholarships$10,000
Project VidaEl Paso, TX501(c)(3)General Support$10,000
Ymca El PasoEl Paso, TX501(c)(3)General Support$10,000
Ronald Mcdonald House of CharitiesEl Paso, TX501(c)(3)General Support$6,000
Tom Lea InstituteEl Paso, TX501(c)(3)General Support$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$224,074
Fundraising Direct Expenses$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$61,473$61,473-$61,473
Back to School$9,581$9,581-$9,581
Total Events$224,074$224,074-$224,074
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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 B, LINE 11B:

The chairman of the board reviews form 990 prior to filing. Upon completion of their review the return is filed with the internal revenue service. The organization informs the board of directors that form 990 is available to them upon their request.

FORM 990, PART VI, SECTION B, LINE 12C:

Each director and officer of the foundation documents or conflict of interest policy available to the public. Financial statements are also typically not made to the public.

FORM 990, PART VI, SECTION C, LINE 19:

Gecu foundation makes its governing documents or conflict of interest policy available to the public upon written request. Financial statements are also typically made available to the public.

Filing and Contact Details

Filer

Filer Name
Gecu Foundation
EIN
20-8801986
In Care Of
% GRACE VAUGHN
Phone
9157789221
Address
1225 AIRWAY BLVD, EL PASO, TX 79925

Signing Officer

Name
Emmeline Garcia
Title
Executive Director
Phone
9157789220
Signed
2024-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emmeline Garcia
Formed
2007
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
316

Preparer

Firm
Pena Briones Mcdaniel & Co Pc
Address
4171 N MESA SUITE B-100, EL PASO, TX 79902-1498
Preparer
Rene D Pena CPA
Phone
9155421733
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IRS990/MissionDesc0THE GECU FOUNDATION IS THE PHILANTHROPIC ARM OF GECU THAT OPERATES TO ELEVATE THE EL PASO COMMUNITY AND THE CREDIT UNION MOVEMENT THROUGH STRATEGIC FUNDRAISING AND CHARITABLE GIVING. The GECU Foundation focuses on 12 development issues that affect our communities: *Health *Hunger *Housing *Education *Environment *Transportation *Savings *Technology *Access to credit *Employment *Inclusion *Diversity and equity Throughout 2023, the GECU Foundation successfully continued the work and efforts to elevate people's lives in the El Paso, Texas, community and expanded our reach to new communities in New Mexico. We made an impact on these communities through charitable giving to support important issues that affect the lives of their people - one of those issues being food insecurity which has been increasingly affecting families everywhere. We were honored to expand our philanthropic giving to Casa de Peregrinos' food pantry to help combat food insecurity in Southern New Mexico. In 2023, we we
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION SUPPORTED COMMUNITY-RELATED GRANTS TO ADDRESS KEY DEVELOPMENT ISSUES SUCH AS HUNGER, HOUSING, AND EMPLOYMENT. BY PARTNERING WITH CHARITABLE ORGANIZATIONS LIKE UNITED WAY OF EL PASO COUNTY, HOSPICE EL PASO, EL PASOANS FIGHTING HUNGER, AND PROJECT VIDA, AMONG MANY OTHERS, THE FOUNDATION AIMED TO HELP PEOPLE IN OUR COMMUNITY LIVE THEIR BEST LIVES POSSIBLE. THESE GRANTS WERE PIVOTAL IN PROVIDING ESSENTIAL RESOURCES AND SUPPORT, ENSURING THAT INDIVIDUALS AND FAMILIES COULD ACCESS THE SERVICES THEY NEED TO THRIVE. THROUGH THESE EFFORTS, THE FOUNDATION REAFFIRMED ITS COMMITMENT TO FOSTERING A STRONGER, MORE RESILIENT COMMUNITY.
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0153020
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IRS990ScheduleI/RecipientTable/CashGrantAmt212500
IRS990ScheduleI/RecipientTable/CashGrantAmt3145000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt510000
IRS990ScheduleI/RecipientTable/CashGrantAmt616667

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$1.55$1.16$0.40
2023Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.84$0.82$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$1.00$0.89$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.79$0.86$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.23$0.51$0.71$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$0.47$0.42$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.30$0.08$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.19$0.04$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.07$0.10$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.05$0.05$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.05$0.01$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.04$0.08$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.04$0.00$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.03$0.04$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.00$0.00$0.00