Civic Intelligence

Unfcu Foundation Inc.

990 • Fiscal year 2019 • EIN 47-1344867

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 07, 2020

24-01 44th RoadLong Island City, NY 11101

(347) 686-6000

Siviq Scores

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

Liabilities / Assets

54th percentile

0.03x

Higher debt load relative to assets than 54% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.01x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

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.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Asset Growth

88th percentile

53%

Faster asset growth than 88% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

65th percentile

14%

Faster revenue growth than 65% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$304,075

Up $104,887 (+53%) from 2018

Net Assets

Up

$296,105

Up $103,764 (+54%) from 2018

Liabilities

Up

$7,970

Up $1,123 (+16%) from 2018

Revenue

Up

$874,728

Up $106,761 (+14%) from 2018

Expenses

Up

$770,964

Up $25,792 (+3.5%) from 2018

Net Income

Up

$103,764

Up $80,969 (+355%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $255,428Liabilities 2014: $0Net Assets 2014: $255,4282014Assets 2015: $218,534Liabilities 2015: $0Net Assets 2015: $218,5342015Assets 2016: $182,523Liabilities 2016: $0Net Assets 2016: $182,5232016Assets 2017: $169,546Liabilities 2017: $0Net Assets 2017: $169,5462017Assets 2018: $199,188Liabilities 2018: $6,847Net Assets 2018: $192,3412018Assets 2019: $304,075Liabilities 2019: $7,970Net Assets 2019: $296,1052019Assets 2020: $546,026Liabilities 2020: $59,010Net Assets 2020: $487,0162020Assets 2021: $673,704Liabilities 2021: $61,940Net Assets 2021: $611,7642021Assets 2022: $579,768Liabilities 2022: $54,968Net Assets 2022: $524,8002022Assets 2023: $594,401Liabilities 2023: $51,114Net Assets 2023: $543,2872023Assets 2024: $821,354Liabilities 2024: $36,775Net Assets 2024: $784,5792024

Highlighted filing

2019

Assets$304,075
Liabilities$7,970
Net Assets$296,105

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $455,428Expenses 2014: $200,000Net Income 2014: $255,4282014Revenue 2015: $506,397Expenses 2015: $543,291Net Income 2015: -$36,8942015Revenue 2016: $582,239Expenses 2016: $618,250Net Income 2016: -$36,0112016Revenue 2017: $544,354Expenses 2017: $557,331Net Income 2017: -$12,9772017Revenue 2018: $767,967Expenses 2018: $745,172Net Income 2018: $22,7952018Revenue 2019: $874,728Expenses 2019: $770,964Net Income 2019: $103,7642019Revenue 2020: $692,024Expenses 2020: $501,113Net Income 2020: $190,9112020Revenue 2021: $1,208,810Expenses 2021: $1,084,062Net Income 2021: $124,7482021Revenue 2022: $1,094,120Expenses 2022: $1,181,084Net Income 2022: -$86,9642022Revenue 2023: $1,030,104Expenses 2023: $1,011,617Net Income 2023: $18,4872023Revenue 2024: $1,367,110Expenses 2024: $1,125,818Net Income 2024: $241,2922024

Highlighted filing

2019

Revenue$874,728
Expenses$770,964
Net Income$103,764
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 7, 2020
Return Version
2019v5.1
Gross Receipts
$951,396
Mission and Program Overview

Mission

To reduce poverty through education and health care programs, especially among women and children in developing countries and in New York City.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$192,618$278,442▲ $85,824
Land, Buildings, and Equipment, Net$6,570$20,481▲ $13,911
Accounts Receivable-$4,000-
Prepaid Expenses and Deferred Charges-$1,152-
Total Assets$199,188$304,075▲ $104,887
Liabilities
Accounts Payable and Accrued Expenses$6,847$7,970▲ $1,123
Total Liabilities$6,847$7,970▲ $1,123
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$192,341$296,105▲ $103,764
Total Net Assets Fund Balance$192,341$296,105▲ $103,764
Total Liabilities and Net Assets / Fund Balance$199,188$304,075▲ $104,887

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$20,481$4,944$25,425
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pamela AgnonePresident
David GrussVice President - CFO
Manisha Shah EsqVice President - Legal
Jodi PuliceDirector
Joyce BarbarichDirector
Laura RockwoodDirector
Michael ClarkDirector
Theresa PanuccioDirector
William PredmoreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$713,387
Program Service Revenue
$0
Investment Income
$1,998
Other Revenue
$159,343
All Other Contributions
$713,387
Change in Net Assets
$103,764

Audited Revenue Reconciliation

Revenue per Audited Statements
$874,728
Revenue Not Reported on Form 990
$90,423
Total Revenue per Audited Statements
$965,151
Total Revenue per Form 990
$874,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$702,492
Other Expenses$68,472
Total Fundraising Expense$34,236
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$666,196--$666,196
Advertising-$13,717$31,932$45,649
Foreign Grants$36,296--$36,296
Fees for Services Accounting-$7,000-$7,000
Depreciation Depletion-$4,944-$4,944
Office Expenses-$3,326-$3,326
Insurance-$2,187-$2,187
Other Expenses-$1,603$1,246$1,603
Travel-$434$1,058$1,492
Total Functional Expenses$702,492$34,236$34,236$770,964

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$861,387
Expenses per Audited Statements$770,964
Total Expenses per Form 990$770,964
Expenses Not Reported on Form 990$90,423
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Women in NeedNew York, NY--$115,000
Unicef USANew York, NY--$61,196
Batey Relief Alliance IncBrooklyn, NY--$50,000
International Rescue CommitteeNew York, NY--$50,000
The Floating HospitalLong Island City, NY--$50,000
Trickle UpNew York, NY--$50,000
UnfpaNew York, NY--$50,000
BomaManchester Center, VT--$40,000
Girl Up UN FoundationWashington, DC--$40,000
MindLeapsNew York, NY--$30,000
Together We BakeAlexandria, VA--$30,000
Avsi-usaNew York, NY--$25,000
Bottomless ClosetNew York, NY--$25,000
Building Tomorrow IncIndianapolis, IN--$25,000
Women for Women InternationalWashington, DC--$25,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$236,011
Fundraising Direct Expenses$76,668
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$111,034$111,034-$111,034
Golf Outing$75,199$75,199-$75,199
Total Events$236,011$236,011$76,668$159,343
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
Audit committee
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
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

Organizational document changes Part VI line 4

UNFCU Foundation revised its Bylaws that will constitute the entire board of no more than seven (7) and no less than three (3) board members.

Form 990 governing body review Part VI line 11

A complete copy of the Form 990 is provided to all members of its governing body before filing the form.

Conflict of interest policy compliance Part VI line 12C

The conflict of interest policy of the organization is included in its by-laws.

Governing documents etc available to public Part VI line 19

The Organizations financial statements and tax returns are made available to the public uponrequest.

Unable to secure related organizations compensation Part VII Col D E

Compensation from related organization was not disclosed due to privacy rights and confidentiality reasons.

Filing and Contact Details

Filer

Filer Name
UNFCU Foundation Inc
EIN
47-1344867
Address
24-01 44th Road, Long Island City, NY 11101

Signing Officer

Name
William Predmore
Title
Treasurer
Phone
3476866000
Signed
2020-04-07
Discuss with paid preparer
No

Organization Details

Principal Officer
David Gruss
Formed
2014
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
36

Preparer

Firm
Padilla and Company LLP
Address
175-61 Hillside Avenue Ste 200, Jamaica, NY 11432
Preparer
Ramon Guiyab
Phone
7185585858
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IRS990/Desc0See SERVICES page for a description of this program service. GRANTMAKING:The UNFCU Foundation accepts grant applications, during the month of June, from US registered 501 (c) (3) nonprofit organizations and those working with UN entities on the ground globally. During 2019, the Foundation reviewed 239 grant applications and approved 14 projects that aligned with its mission to sustain a path out of poverty through healthcare and education for women and youth. In December 2019, funds totaling $605,000 were distributed. The grants approved by the UNFCU Foundation Board of Directors for 2020 are the following: Association of Volunteers International Service, USA to train 50 adolescent girls (ages 13 19) and 75 women (ages 20-40) within livelihood training groups and psychosocial resilience workshops in Nairobi, Kenya. Batey Relief Alliance to provide field-based agricultural training to 125 women along with support for start-up and technical assistance to adopt market-oriented strategies within impoverished rural communities, bateyes, in the Dominican Republic. Bottlomless Closet to provide interview and job readiness services to 52 low-income New York City women and workshops to help clients work towards self-sufficiency.Building Tomorrow, Inc. will enroll 405 out-of-school children and improve literacy and numeracy level of 450 children enrolled in school.UN Foundation/Girl Up to empower 200 marginalized adolescent girls in India to enhance understanding of socials skills and opportunities for leadership and increase access to health information/services and opportunities for continuation of education. International Rescue Committee to provide job readiness training to 30 refugee women located in Maryland.MindLeaps to teach seven specific life skills to 18 refugee children through dance training and support the children in entering the educational system.The BOMA Projects Rural Entrepreneur Access Project (REAP) provides business and financial training to 101 women as well as the empowerment to become decision-makers within households in Kenya.The Floating Hospitals Mental Health Program will serve for 148 at-risk women and girls as well as extend outreach to homeless women and girls in shelters and domestic violence safe houses. Together We Bake serves low-income women involved with the criminal justice system and facing long-term unemployment by providing workforce training and psychosocial support to 27 women including post program support to 45 alumni within Washington, D.C. Trickle Up Program, Inc. to provide the Graduation Approach methodology to 100 women to establish livelihood plans and establish savings groups within Guatemala.UNFPAs Fistula Foundation in Nigeria to provide 60 fistula survivors with psychosocial support and vocational skills training and train 10 fistula survivors as community advocates to conduct awareness campaigns and home visitations in their respective communities. Women for Women International to establish and train five (5) savings groups that will teach 100 women in Nigeria about entrepreneurship and financial literacy.Women in Needs Income Building Program will provide basic computer training to 70 women in New York City, who are unemployed or underemployed, and assist the program graduates seek clerical jobs through job searches, resume preparation and mini job fairs. Additional funds of $36,296 were distributed to the Kilimanjaro Initiative (KI) youth programs,including the KI Africa Golf Project, that empower young people to overcome socio-economic obstacles and promote nonviolence in Nairobi. In 2019, the UNFCU Foundation hosted various fundraising events and staff engagements:11 June Bowl-a-thon at Frames NYC, New York, NY11 July Denim & Diamonds Reception at Dockers Waterside in East Quogue, NY18 September Annual Kilimanjaro Initiative Golf Ouring at the Cherry Valley Golf Club in Garden City, NY14 November All In to End Poverty Reception at the Columbus Citizen Foundation in New York,
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IRS990/PrincipalOfficerNm0David Gruss
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IRS990/ProgSrvcAccomActy2Grp/Desc0CAMPAIGNS IN SUPPORT OF RELIEF EFFORTS FOR HUMANITARIAN CRISES:In response to the humanitarian crisis caused by Tropical Cyclone Idai, the UNFCU Foundation conducted an online fundraising campaign to bring aid to those residing in the affected region. The campaign raised $17,559.58 and the Foundation matched with $15,000 for a total contribution of $32,559.58 to UNICEFs emergency Water, Sanitation and Hygiene (WASH) programme. The Foundation also conducted an online fundraising campaign in support of those affected by Hurricane Dorian in the Bahamas. The campaign raised $14,368.04 and the Foundation matched with $14,268.04 for a total contribution of $28,636.08 to UNICEFs WASH programme.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The UNFCU Foundation qualifies as a publically supported organization by meeting the facts and circumstances test. UNFCU Foundation received 31% of its donations from the public, and regularly solicits the general public for donations via email campaigns, social media, fundraising events, and our website. UNFCU Foundation has many contibutors, and has been increasing the diversity of its donor base. Other factors that lead to UNFCU Foundation being a public charity are that its program services benefit members of the general public on a continuing basis and UNFCU Foundations board contains 2 leaders, not related to the largest donors, that are knowledgeable in the needs of the community being served.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc010 Facts and Circumstances Test Part II line 17a or 17b
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0872730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0766027
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0505258
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt036296
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/InterestInForeignTrustInd0false
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0We monitor the funds given to organizations by requesting a mid-year report (Impact of the project, progress/challenges and expense report of projected vs. actual) from each grant recipient. Also, we request an Annual Grant Evaluation & Impact Report to review goals and how each were achieved, benchmarks, details on measuring effectiveness, testimonials of impact, financials, challenges, lessons learned, additional funding sources, and future of the project. The foundation advisory committee review all documents and evaluate each grant recipient to rate whether they exceeded, met, or did not meet the goals of their funding.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Use of grant monitoring procedures (Part I, line 2)
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Annual Gala
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Floating Hospital
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1AVSI-USA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Trickle Up
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3UNFPA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Women for Women International
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Batey Relief Alliance Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Girl Up UN Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7UNICEF USA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8BOMA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9International Rescue Committee
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10MindLeaps
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11Together We Bake
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12Women in Need
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13Bottomless Closet
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt14Building Tomorrow Inc
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04140 27th St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1125 Maiden Lane 15th floor
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2104 W 27th Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3650 Third Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt42000 M Street NW Suite 200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO Box 300565
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt61750 Pennsylvania Ave NW Suite 300
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7125 Maiden Lane
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8PO Box 1865 4927 Main Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9263 West 38th Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10315 West 36th Street 2nd Floor
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt113821 Griffith Place
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12115 West 31st Street 7th floor
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1316 East 52nd Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt14615 N Alabama Street Ste D
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Long Island City
IRS990ScheduleI/RecipientTable/USAddress/CityNm1New York
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IRS990ScheduleI/RecipientTable/USAddress/CityNm4Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Brooklyn
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm7New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm8Manchester Center
IRS990ScheduleI/RecipientTable/USAddress/CityNm9New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm10New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm11Alexandria
IRS990ScheduleI/RecipientTable/USAddress/CityNm12New York
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