Civic Intelligence

Firstmark Credit Union Foundation

EIN 84-2953607 • 501(c)3 • San Antonio, TX

Profile

The foundation's mission is to further education, teacher training and development, health and wellness, family health and stability, youth development, and community sustainability.

2023 Gold Canyon DriveSan Antonio, TX 78232-1703

www.firstmarkcu.org/FOUNDATION

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

81st percentile

29%

Higher net margin than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

43rd percentile

-6.8%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$297,721

Up $72,000 (+32%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$297,721

Up $72,000 (+32%) from 2023

Revenue

Up

$249,633

Up $28,265 (+13%) from 2023

Expenses

Down

$177,633

Down $13,347 (-7.0%) from 2023

Net Income

Up

$72,000

Up $41,612 (+137%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $12,730Liabilities 2021: $0Net Assets 2021: $12,7302021Assets 2022: $195,333Liabilities 2022: $0Net Assets 2022: $195,3332022Assets 2023: $225,721Liabilities 2023: $0Net Assets 2023: $225,7212023Assets 2024: $297,721Liabilities 2024: $0Net Assets 2024: $297,7212024

Highlighted filing

2024

Assets$297,721
Liabilities$0
Net Assets$297,721

Operations Trend

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

$300K$200K$100K$0Revenue 2019: $4,219Expenses 2019: $4,219Net Income 2019: $02019Revenue 2020: $42,658Expenses 2020: $42,658Net Income 2020: $02020Revenue 2021: $26,252Expenses 2021: $13,522Net Income 2021: $12,7302021Revenue 2022: $287,489Expenses 2022: $104,886Net Income 2022: $182,6032022Revenue 2023: $221,368Expenses 2023: $190,980Net Income 2023: $30,3882023Revenue 2024: $249,633Expenses 2024: $177,633Net Income 2024: $72,0002024

Highlighted filing

2024

Revenue$249,633
Expenses$177,633
Net Income$72,000

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 23, 2025
Return Version
2024v5.0
Gross Receipts
$249,633
Mission and Program Overview

Mission

The foundation's mission is to further education, teacher training and development, health and wellness, family health and stability, youth development, and community sustainability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$225,721$297,721▲ $72,000
Total Assets$225,721$297,721▲ $72,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$225,721$297,721▲ $72,000
Total Net Assets Fund Balance$225,721$297,721▲ $72,000
Total Liabilities and Net Assets / Fund Balance$225,721$297,721▲ $72,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Laura WardDirector
Gregg ThorneDirector/CHA
Michelle AkersDir./secreta
Veronica TeranDir./treasur
Mike GrundonDir./vice Ch
Revenue and Support

Revenue Composition

Contributions and Grants
$249,058
Program Service Revenue
$0
Investment Income
$575
Other Revenue
$0
All Other Contributions
$37,633
Change in Net Assets
$72,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$140,000
Other Expenses$37,633
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$140,000--$140,000
Fees for Services Other$21,970--$21,970
Conferences and Meetings$13,051--$13,051
Other Expenses$788--$788
Insurance$324--$324
Total Functional Expenses$177,633$0$0$177,633
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SamsatSan Antonio, TX501c3Sponsorship$100,000
San Antonio Area FoundationSan Antonio, TX501c3Scholarship$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Organization's process to review form 990 upon completion of form 990, the cfo and ceo will review it and deliver it to the governing body for final approval.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Firstmark Credit Union Foundation
EIN
84-2953607
Phone
2104420102
Address
2023 GOLD CANYON DRIVE, SAN ANTONIO, TX 78232-1703

Signing Officer

Name
Gregg Thorne
Title
Director/chairman
Phone
2103087813
Signed
2025-10-23

Organization Details

Principal Officer
Gregg Thorne
Formed
2019
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Schwartz Cole and Associates LLC
Address
7301 WILES RD STE 202, CORAL SPRINGS, FL 33067
Preparer
Daniel J Cole
Phone
9547551760
Supplemental Narrative

Additional Explanations

Form 990

In october 2021, firstmark credit union introduced the power of the dollar checking to include a 1 impact fee (paid by members). The monthly impact fee goes directly to the firstmark foundation to make a tangible, positive impact in the education community through the collective support of the membership. On behalf of the credit union members, the firstmark foundation will fund significant needs across school districts, such as the construction of new facilities, improving existing amenities, enhancing learning spaces, and providing educator grants and student scholarships. In 2024, the firstmark foundation awarded 100,000 to samsat, the san antonio museum of science and technology, in support of the samsat educator fellows program. Through the program, twelve teachers were trained over one year in methods of project-based learning (pbl), including three teachers with prior experience who also served as mentors. With a focus on aiding teachers who serve underrepresented populations via title i schools, the program was designed to provide professional development and an overall unique experience. Professional development opportunities are limited and, oftentimes, come at an added expense to the educator, which could impact their growth in the field. By merging both practice and training through pbl, this program provided teachers opportunities for real-world application. The program also gave each teacher the chance to make two visits to samsat area 21 on field trips with their students, where they received direct assistance integrating new approaches into daily practice. In addition, the foundation, through a partnership with the san antonio area foundation, awarded 20,000 to 20 area high school seniors, representing 9 independent school districts, 2 public charter schools, and 1 private school. The foundation also awarded 20,000 in innovation grants to 20 school employees, representing 10 independent school districts.

Form 990, Part IX, Line 11G

Professional fees 21,970 0 0

Raw XML Appendix340 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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP AWARDS ARE FUNDED BY THE SAN ANTONIO AREA FOUNDATION. TO BEGINTHE PROCESS THE STUDENTS MUST COMPLETE AN APPLICATION TO APPLY FOR THESCHOLARSHIP. ONCE THE WINNERS OF THE SCHOLARSHIP ARE SELECTED FIRSTMARKCREDIT UNION PUTS THE SAN ANTONIO AREA FOUNDATION IN TOUCH WITH THEWINNERS. THE WINNERS COMPLETE A FORM TO COORDINATE THE AVAILABLESCHOLARSHIP FUNDS TO BE APPLIED TO THE SCHOOL OF THEIR CHOICE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN OCTOBER 2021, FIRSTMARK CREDIT UNION INTRODUCED THE POWER OF THE DOLLAR CHECKING TO INCLUDE A 1 IMPACT FEE (PAID BY MEMBERS). THE MONTHLY IMPACT FEE GOES DIRECTLY TO THE FIRSTMARK FOUNDATION TO MAKE A TANGIBLE, POSITIVE IMPACT IN THE EDUCATION COMMUNITY THROUGH THE COLLECTIVE SUPPORT OF THE MEMBERSHIP. ON BEHALF OF THE CREDIT UNION MEMBERS, THE FIRSTMARK FOUNDATION WILL FUND SIGNIFICANT NEEDS ACROSS SCHOOL DISTRICTS, SUCH AS THE CONSTRUCTION OF NEW FACILITIES, IMPROVING EXISTING AMENITIES, ENHANCING LEARNING SPACES, AND PROVIDING EDUCATOR GRANTS AND STUDENT SCHOLARSHIPS. IN 2024, THE FIRSTMARK FOUNDATION AWARDED 100,000 TO SAMSAT, THE SAN ANTONIO MUSEUM OF SCIENCE AND TECHNOLOGY, IN SUPPORT OF THE SAMSAT EDUCATOR FELLOWS PROGRAM. THROUGH THE PROGRAM, TWELVE TEACHERS WERE TRAINED OVER ONE YEAR IN METHODS OF PROJECT-BASED LEARNING (PBL), INCLUDING THREE TEACHERS WITH PRIOR EXPERIENCE WHO ALSO SERVED AS MENTORS. WITH A FOCUS ON AIDING TEACHERS WHO SERVE UNDERREPRESENTED POPULATIONS VIA TITLE I SCHOOLS, THE PROGRAM WAS DESIGNED TO PROVIDE PROFESSIONAL DEVELOPMENT AND AN OVERALL UNIQUE EXPERIENCE. PROFESSIONAL DEVELOPMENT OPPORTUNITIES ARE LIMITED AND, OFTENTIMES, COME AT AN ADDED EXPENSE TO THE EDUCATOR, WHICH COULD IMPACT THEIR GROWTH IN THE FIELD. BY MERGING BOTH PRACTICE AND TRAINING THROUGH PBL, THIS PROGRAM PROVIDED TEACHERS OPPORTUNITIES FOR REAL-WORLD APPLICATION. THE PROGRAM ALSO GAVE EACH TEACHER THE CHANCE TO MAKE TWO VISITS TO SAMSAT AREA 21 ON FIELD TRIPS WITH THEIR STUDENTS, WHERE THEY RECEIVED DIRECT ASSISTANCE INTEGRATING NEW APPROACHES INTO DAILY PRACTICE. IN ADDITION, THE FOUNDATION, THROUGH A PARTNERSHIP WITH THE SAN ANTONIO AREA FOUNDATION, AWARDED 20,000 TO 20 AREA HIGH SCHOOL SENIORS, REPRESENTING 9 INDEPENDENT SCHOOL DISTRICTS, 2 PUBLIC CHARTER SCHOOLS, AND 1 PRIVATE SCHOOL. THE FOUNDATION ALSO AWARDED 20,000 IN INNOVATION GRANTS TO 20 SCHOOL EMPLOYEES, REPRESENTING 10 INDEPENDENT SCHOOL DISTRICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION'S PROCESS TO REVIEW FORM 990 UPON COMPLETION OF FORM 990, THE CFO AND CEO WILL REVIEW IT AND DELIVER IT TO THE GOVERNING BODY FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL FEES 21,970 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C14
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt037632
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IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0225721
IRS990/TotalAssetsEOYAmt0297721
IRS990/TotalAssetsGrp/BOYAmt0225721
IRS990/TotalAssetsGrp/EOYAmt0297721
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0249058
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0177633
IRS990/TotalFunctionalExpensesGrp/TotalAmt0177633
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0225721
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0297721
IRS990/TotalOtherProgSrvcExpenseAmt020000
IRS990/TotalOtherProgSrvcGrantAmt020000
IRS990/TotalProgramServiceExpensesAmt0177633
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0575
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0249633
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0297721
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SAN ANTONIO
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://WWW.FIRSTMARKCU.ORG/FOUNDATION
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGG THORNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02103087813
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRSTMARK CREDIT UNION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0842953607
ReturnHeader/Filer/PhoneNum02104420102
ReturnHeader/Filer/USAddress/AddressLine1Txt02023 GOLD CANYON DRIVE
ReturnHeader/Filer/USAddress/CityNm0SAN ANTONIO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0782321703
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261694946
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHWARTZ COLE AND ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07301 WILES RD STE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033067
ReturnHeader/PreparerPersonGrp/PhoneNum09547551760
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL J COLE
ReturnHeader/ReturnTs02025-11-06T11:29:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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