Civic Intelligence

Firstmark Credit Union Foundation

990EZ • Fiscal year 2019 • EIN 84-2953607

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 22, 2020

2023 Gold Canyon DriveSan Antonio, TX 78232-1703

(210) 442-0102

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

42nd percentile

0.0%

Higher net margin than 42% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Assets

$1

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$4,219

No earlier filing loaded for comparison.

Expenses

$4,219

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2019: $1Liabilities 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

2019

Assets$1
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$4,219
Expenses$4,219
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 22, 2020
Return Version
2019v5.0
Gross Receipts
$4,219
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.

Program Services

DescriptionGrantsExpenses
TO OPERATE PROGRAMS RELATED TO IMPROVING ACADEMIC OUTCOMES, PARTICULARLY ACADEMIC OUTCOMES OF CHILDREN IN LOW INCOME FAMILIES RESIDING IN THE COMMUNITIES SERVED BY FIRSTMARK CREDIT UNION. GIVEN THAT POOR ACADEMIC PERFORMANCE IS CLOSELY CORRELATED WITH POOR HEALTH AND NUTRITION, HOUSING INSECURITY, AND UNSAFE NEIGHBORHOODS, THE FOUNDATION MAY ENGAGE IN THE DIRECT OPERATION OF PROGRAMS DESIGNED TO COMBAT THESE RISK FACTORS, SUCH AS HEALTH AND WELLNESS PROGRAMS, ACADEMIC ENRICHMENT PROGRAMS, COMMUNITY IMPROVEMENT PROGRAMS, AND THE PROVISION OF QUALITY AFFORDABLE HOUSING TO LOW INCOME FAMILIES AT OR BELOW COST. ALL SERVICES ARE PROVIDED AT NO COST.-$4,219
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NATHANAEL TARWASOKONODir./Chairma-$0--
VERONICA TERANDir./Treasur-$0--
MICHELLE AKERSDir./Secreta-$0--
DAWN SLOANSExecutive DiPT$0--
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
Nathanael Tarwasokono
Title
Dir./chairman/pres.
Phone
2103087813
Signed
2020-09-22

Preparer

Firm
Schwartz Cole and Associates LLC
Address
11776 W SAMPLE RD STE 106, CORAL SPRINGS, FL 33065-3180
Preparer
Daniel J Cole
Phone
9547551760
Supplemental Narrative

Additional Explanations

Form 990-ez

The organization will be receiving substantially all financial support from the general public. In the initial year (this form, year ending 12/31/19) the only support was in-kind contributions from firstmark credit union related to administrative cost of initial set up of organization. These are the only revenues for this tax year.

Form 990-ez, Part III

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

Form 990-ez, Part III, Line 28

To operate programs related to improving academic outcomes, particularly academic outcomes of children in low income families residing in the communities served by firstmark credit union. Given that poor academic performance is closely correlated with poor health and nutrition, housing insecurity, and unsafe neighborhoods, the foundation may engage in the direct operation of programs designed to combat these risk factors, such as health and wellness programs, academic enrichment programs, community improvement programs, and the provision of quality affordable housing to low income families at or below cost. All services are provided at no cost.

Raw XML Appendix113 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WILL BE RECEIVING SUBSTANTIALLY ALL FINANCIAL SUPPORT FROM THE GENERAL PUBLIC. IN THE INITIAL YEAR (THIS FORM, YEAR ENDING 12/31/19) THE ONLY SUPPORT WAS IN-KIND CONTRIBUTIONS FROM FIRSTMARK CREDIT UNION RELATED TO ADMINISTRATIVE COST OF INITIAL SET UP OF ORGANIZATION. THESE ARE THE ONLY REVENUES FOR THIS TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S MISSION IS TO FURTHER EDUCATION, TEACHER TRAINING AND DEVELOPMENT, HEALTH AND WELLNESS, FAMILY HEALTH AND STABILITY, YOUTH DEVELOPMENT, AND COMMUNITY SUSTAINABILITY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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Filings