Civic Intelligence

Glcu Foundation For

EIN 47-0970671 • 501(c)3 • Bannockburn, IL

Pub. 78 Eligible990-N CoverageNTEE P51

Profile

The corporation is organized under the general not-for-profit corporation act for purposes of providing financial education and housing counseling to underserved populations and any other charitable, educational or other purpose described in sections 501(c)(3) of the united states internal revenue code of 1986, as amended ("code"). Not withstanding any other provision of these articles of incorporation, the corporation is formed and shall be operated exclusively for one or more tax-exempt purposes specified in section 501(c)(3) of the code. Our mission is to financially empower the community through our direct service programs, volunteer activities, and through community giveback.

2111 Waukegan RoadBannockburn, IL 60015

glcu.org/FOUNDATION

Siviq Scores

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

Liabilities / Assets

77th percentile

0.08x

Higher debt load relative to assets than 77% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.13x

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

NTEE P • <$500k nonprofits • Source year 2024

Net Margin

92nd percentile

76%

Higher net margin than 92% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

NTEE P • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$172,131

No earlier filing loaded for comparison.

Liabilities

$13,475

No earlier filing loaded for comparison.

Net Assets

$158,656

No earlier filing loaded for comparison.

Revenue

$107,429

No earlier filing loaded for comparison.

Expenses

$25,481

No earlier filing loaded for comparison.

Net Income

$81,948

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2024: $172,131Liabilities 2024: $13,475Net Assets 2024: $158,6562024

Highlighted filing

2024

Assets$172,131
Liabilities$13,475
Net Assets$158,656

Operations Trend

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

$150K$100K$50K$0Revenue 2024: $107,429Expenses 2024: $25,481Net Income 2024: $81,9482024

Highlighted filing

2024

Revenue$107,429
Expenses$25,481
Net Income$81,948

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.72$0.13$1.59$1.07$0.25$0.82
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.1
Gross Receipts
$115,558
Mission and Program Overview

Mission

The corporation is organized under the general not-for-profit corporation act for purposes of providing financial education and housing counseling to underserved populations and any other charitable, educational or other purpose described in sections 501(c)(3) of the united states internal revenue code of 1986, as amended ("code"). Not withstanding any other provision of these articles of incorporation, the corporation is formed and shall be operated exclusively for one or more tax-exempt purposes specified in section 501(c)(3) of the code. Our mission is to financially empower the community through our direct service programs, volunteer activities, and through community giveback.

Program Services

DescriptionGrantsExpenses
FINANCIAL EDUCATION - OUR HUD APPROVED SERVICES WERE OFFERED TO 1,169 HOUSEHOLDS IN 2024.$11,418$20,385
WORKSHOPS - WE PROVIDED 44 FINANICAL WORKSHOPS TO THE GENERAL COMMUNITY AND 96 YOUTH FINANCIAL EDUCATION EVENTS.$0$5,096
VOLUNTEER - 222 EMPLOYEES VOLUNTEERED 4,384 HOURS AT 156 ORGANIZATIONS AND 292 EVENTS IN 2024.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MATTHEW RIZZIEExecutive DirectorFT$0--
PATRICK BASLERBoard Chair-$0--
TOM MONTICELLOVice Chair-$0--
CATHY CORBISecretary/Treasurer-$0--
DAVID GOLESBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Glcu Foundation for
EIN
47-0970671
Phone
8475787734
Address
2111 WAUKEGAN ROAD, BANNOCKBURN, IL 60015

Signing Officer

Name
Matthew Rizzie
Title
Executive Director
Phone
8475787734
Signed
2025-05-06
Discuss with paid preparer
Yes

Preparer

Firm
Doeren Mayhew
Address
305 WEST BIG BEAVER ROAD, TROY, MI 48084
Preparer
Megan Mccandlish CPA
Phone
2482443000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: united way of lake county. Grantee name: united way of lake county. Grantee relationship: none. Property description: cash. Amount given: 10,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: board quarterly. Grantee name: board quarterly. Grantee relationship: none. Property description: cash. Amount given: 1,418. Total included on form 990-ez, line 10: 11,418.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: website management & design. Amount: 14,063.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: glcu payable. Beg. Of year amount: 0. End of year amount: 13,475.

Raw XML Appendix167 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DAVID GOLES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt014063
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE CORPORATION IS ORGANIZED UNDER THE GENERAL NOT-FOR-PROFIT CORPORATION ACT FOR PURPOSES OF PROVIDING FINANCIAL EDUCATION AND HOUSING COUNSELING TO UNDERSERVED POPULATIONS AND ANY OTHER CHARITABLE, EDUCATIONAL OR OTHER PURPOSE DESCRIBED IN SECTIONS 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE OF 1986, AS AMENDED ("CODE"). NOT WITHSTANDING ANY OTHER PROVISION OF THESE ARTICLES OF INCORPORATION, THE CORPORATION IS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR ONE OR MORE TAX-EXEMPT PURPOSES SPECIFIED IN SECTION 501(C)(3) OF THE CODE. OUR MISSION IS TO FINANCIALLY EMPOWER THE COMMUNITY THROUGH OUR DIRECT SERVICE PROGRAMS, VOLUNTEER ACTIVITIES, AND THROUGH COMMUNITY GIVEBACK.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FINANCIAL EDUCATION - OUR HUD APPROVED SERVICES WERE OFFERED TO 1,169 HOUSEHOLDS IN 2024.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2VOLUNTEER - 222 EMPLOYEES VOLUNTEERED 4,384 HOURS AT 156 ORGANIZATIONS AND 292 EVENTS IN 2024.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SpecialEventsNetIncomeLossAmt02781
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: UNITED WAY OF LAKE COUNTY. GRANTEE NAME: UNITED WAY OF LAKE COUNTY. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 10,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: BOARD QUARTERLY. GRANTEE NAME: BOARD QUARTERLY. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 1,418. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 11,418.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: WEBSITE MANAGEMENT & DESIGN. AMOUNT: 14,063.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: GLCU PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 13,475.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW RIZZIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08475787734
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLCU FOUNDATION FOR
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FINANCIAL EMPOWERMENT
ReturnHeader/Filer/BusinessNameControlTxt0GLCU
ReturnHeader/Filer/EIN0470970671
ReturnHeader/Filer/PhoneNum08475787734
ReturnHeader/Filer/USAddress/AddressLine1Txt02111 WAUKEGAN ROAD
ReturnHeader/Filer/USAddress/CityNm0BANNOCKBURN
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TROY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerPersonGrp/PhoneNum02482443000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN MCCANDLISH CPA
ReturnHeader/ReturnTs02025-05-06T07:55:23-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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