EIN 59-2252733

Southeastern Credit Union Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
1982
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Southeastern Credit Union Foundation advances science, charity, and education for charitable purposes, particularly relating to consumer credit. It operates a Community Sparks Program that fosters collaboration among credit unions in Florida, Alabama, and Georgia to address community development issues. Additionally, it offers the Financial Counseling Certification Program (FICEP) to credit union staff who work with members on financial capability goals. The Foundation is located in Tallahassee, FL.
Related structure
Southeastern Credit Union Foundation is a subordinate organization under League of Southeastern Credit Unions (LSCU).
Also known as...
Florida Credit Union Foundation
Total revenues
$584,102
2023
20192020202120222023$0$1m$2m
Total expenses
$1,239,495
2023
20192020202120222023$0$1m$2m
Total assets
$4,491,985
2023
20192020202120222023$3m$4m$5m
Num. employees
0
2023
2019202020212022202300.51

Program areas at Southeastern Credit Union Foundation

Community sparks program - sparking collaboration among Credit unions in each Florida, Alabama, and Georgia to address an overlying development issue within the communities they serve. Alabama and Georgia have chosen to provide historically black college & university scholarships to provide financial assistance to the underserved/first-generation college students attending hbcu's within each of their states. Florida is working on a job upscaling project with generations usa to train job candidates who are displaced or otherwise disengaged in the current workforce and place them in Florida Credit unions.
Updating and operating programs for disaster relief for Credit unions and/or Credit Union employees and volunteers who have been affected by a natural disaster.
Financial counseling certification program (ficep) for Credit Union staff, designed for those who work with members through member service, lending, collections, and any others dedicated to assisting members with financial capability goals. Includes two parts of four learning modules each and two exams to obtain the certified Credit Union financial counselor designation.
Small asset sized Credit Union grants

Grants made by Southeastern Credit Union Foundation

GranteeGrant descriptionAmount
League of Southeastern Credit Unions (LSCU)Community Sparks and All in Fund$592,927

Who funds Southeastern Credit Union Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
League of Southeastern Credit Unions (LSCU)Community Sparks$450,000
Suncoast Credit UnionTo Provide Assistance To Smaller Credit Unions$65,794
Delta Community Credit UnionExecutive Team Sponsorship$25,760
...and 3 more grants received

Personnel at Southeastern Credit Union Foundation

NameTitleCompensation
Patrick LapinePresident and Chief Executive Officer / Executive Director$0
Steve J SchwartzChief Financial Officer
Richard SkaggsVice Chair / Secretary$0
Henry ArmstrongPast Chair / Vice Chair$0
Brian AkinTreasurer / Immediate Past Chair$0
...and 18 more key personnel

Financials for Southeastern Credit Union Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$692,036
Program services$0
Investment income and dividends$85,208
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$85,842
Net income from fundraising events$-53,148
Net income from gaming activities$0
Net income from sales of inventory$-225,836
Miscellaneous revenues$0
Total revenues$584,102

Form 990s for Southeastern Credit Union Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-09990View PDF
2021-122022-11-14990View PDF
2020-122021-11-10990View PDF
2019-122021-04-02990View PDF
...and 10 more Form 990s
Data update history
April 28, 2024
Used new vendors
Identified 2 new vendors, including , and
January 11, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 11, 2024
Updated personnel
Identified 2 new personnel
December 30, 2023
Received grants
Identified 4 new grant, including a grant for $450,000 from League of Southeastern Credit Unions (LSCU)
November 17, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsCorporate foundationsCredit unionsChapter / child organizationsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsState / local levelEndowed supportFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
3692 Coolidge CT
Tallahassee, FL 32311
Metro area
Tallahassee, FL
County
Leon County, FL
Website URL
lscu.coop/ 
Phone
(866) 231-0545
IRS details
EIN
59-2252733
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
522130: Credit Unions
Parent/child status
Subordinate organization
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