2024-11-15T07:01:27-06:00 2023-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2023-01-01 261564606 MARINE CREDIT UNION FOUNDATION MARI 8006599693 300 2ND ST N 400 LA CROSSE WI 54601 JOUMANA MCDAD CHIEF SERVICE DELIVERY & EXPER 8006599693 2024-11-13 1 1 MEGAN MCCANDLISH CPA P02452420 2482443000 2024-11-13 2023 2024-10-15 13:58:12Z QUINN DEVLIN 300 2ND ST N 400 LA CROSSE WI 54601 1838896 0 X HTTPS://WWW.MARINECU.COM/ X 2007 WI THE MCU FOUNDATION WAS FOUNDED TO MAKE A POSITIVE DIFFERENCE IN THE COMMUNITIES SERVED BY MCU THROUGH CHARITABLE DONATIONS AND INITIATIVES THAT INCREASE FINANCIAL LITERACY. 7 7 0 92 0 0 431922 404584 0 0 40573 -45996 -13697 16039 458798 374627 172570 206371 0 0 203164 234224 0 0 31850 51746 129917 427480 570512 31318 -195885 1357362 1347086 146907 76325 1210455 1270761 THE MARINE CREDIT UNION FOUNDATION WAS FOUNDED TO MAKE A POSITIVEDIFFERENCE IN THE COMMUNITIES SERVED BY MARINE CREDIT UNION THROUGHCHARITABLE DONATIONS AND INITIATIVES THAT INCREASE FINANCIAL LITERACY. 0 0 284152 206371 0 THE MISSION OF THE MARINE CREDIT UNION FOUNDATION IS TO PROVIDE CHARITABLE CONTRIBUTIONS AND INCREASE FINANCIAL LITERACY TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS LIVING IN THE COMMUNITIES SERVED BY MARINE CREDIT UNION. 192987 0 3700 THE FINDING HOME PROGRAM IS A 12-MONTH COUNSELING PROGRAM THAT ASSISTS FAMILIES IN FINANCING AND PURCHASING THEIR FIRST HOME. 477139 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 WI X JOUMANA MCDAD 8006599693 300 2ND ST N LA CROSSE WI 54601 KEN KING PRESIDENT 1.00 X X 0 0 0 JOSH VANDEBERG SECRETARY 1.00 X X 0 0 0 RYAN HALL TREASURER 1.00 X X 0 0 0 SHY JACKSON DIRECTOR 1.00 X 0 0 0 SAM KAUFMAN DIRECTOR 1.00 X 0 0 0 JUAN JIMENEZ DIRECTOR 1.00 X 0 0 0 TONYA WAGNER DIRECTOR 1.00 X 0 0 0 QUINN DEVLIN EXECUTIVE DIRECTOR 40.00 X 0 73105 36002 0 73105 36002 0 0 0 0 0 93500 12949 298135 404584 30701 30701 1333081 1409778 -76697 -76697 -76697 66830 93500 54491 12339 12339 OTHER REVENUE 900099 3700 3700 3700 374627 3700 0 -33657 X 206371 206371 109108 87286 10911 10911 125116 100092 12512 12512 7400 740 5920 740 11090 11090 76000 60700 13600 1700 4414 4414 7760 3084 4676 1982 1586 198 198 FINDING HOME EXPENSES 12516 12516 FUNDRAISING EXPENSE 5789 5789 OTHER 2616 2616 MISCELLANEOUS 350 350 570512 477139 61523 31850 145701 93323 171 171 13517 7772 524 1703 1197449 1244117 1357362 1347086 90906 76325 56001 0 146907 76325 X 1195455 1246266 15000 24495 1210455 1270761 1357362 1347086 -195885 193954 62237 0 X X 0 1 X 1 0 X 448007 470982 464992 431922 404584 2220487 448007 470982 464992 431922 404584 2220487 931746 1288741 29287 14284 13373 22120 30701 109765 3112 1125 3700 7937 2338189 0.55120 0.56430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 611982 193954 54491 248445 363537 11090 11090 374627 613913 54491 54491 559422 11090 11090 570512 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION IS ALSO EXEMPT FROM WISCONSIN FRANCHISE OR INCOME TAXES. IN ACCORDANCE WITH PROFESSIONAL STANDARDS, THE FOUNDATION FOLLOWS STATUTORY REQUIREMENTS FOR THEIR INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LESS: SPECIAL EVENT EXPENSES 54,491. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 54,491. GOLF OUTING 151655 93500 58155 6008 10226 12876 24430 OKTOBERFEST 8675 8675 665 234 52 160330 93500 66830 6008 10891 13110 24482 54491 12339 1 GIFT OF ADOPTION FUND 2010 CANDLE WAY GREEN BAY WI 54304 391863217 501(C)(3) 22005 0 COMMUNITY GIVING; ADOPTION RESOURCES SLEEP IN HEAVENLY PEACE INC 3147 LOSEY BLVD LA CROSSE WI 54601 464346568 501(C)(3) 13000 0 COMMUNITY GIVING; BED BUILD LA CROSSE SYMPHONY ORCHESTRA 301 MAIN ST 230 LA CROSSE WI 54603 391024330 501(C)(3) 10500 0 COMMUNITY GIVING; THE ARTS ONALASKA ENHANCEMENT FOUNDATION 415 MAIN ST ONALASKA WI 54650 264705880 501(C)(3) 8000 0 COMMUNITY GIVING; INCLUSION PLAYGROUND 4 0 PART I, LINE 2: MARINE CREDIT UNION FOUNDATION, INC. REQUIRES DOCUMENTATION OF THE CAUSE TO BE FUNDED THROUGH THE DONATION REQUEST PROCESS. THIS ENSURES THE VALIDITY OF THE CAUSE BEING FUNDED. ANY REQUEST FOR A DONATION TO AN INDIVIDUAL MUST STILL PROVIDE DOCUMENTATION OF THE USE OF FUNDS AND APPROVAL OF A DISTRICT MANAGER. A REQUEST FOR DONATION TO AN INDIVIDUAL EMPLOYED BY MARINE CREDIT UNION MUST PROVIDE DOCUMENTATION OF USE OF FUNDS AND APPROVAL FROM THE EXECUTIVE MANAGEMENT TEAM. AFTER THIS EVALUATION AND APPROVAL PROCESS, ALL REQUESTS FOR DONATIONS ARE PAID BY CHECKS, MADE PAYABLE TO THE ORGANIZATIONS APPROVED, THUS ENSURING THE FUNDS ARE USED BY THE ORGANIZATION OR INDIVIDUAL THAT HAS BEEN EVALUATED. ORGANIZATIONS AND IN RARE CASES APPROVED INDIVIDUALS ARE LOCAL TO THE GEOGRAPHIC BRANCHES OF MARINE CREDIT UNION AND ARE WELL KNOWN TO THE SPONSORS OF THE DONATION REQUESTS. THESE STEPS AND CONTROLS ARE IN PLACE TO ENSURE FUNDS ARE USED FOR THE CAUSES INTENDED. FEEDBACK MECHANISMS INCLUDE THANK-YOU LETTERS, DIRECT COMMUNICATIONS WITH ORGANIZATIONAL REPRESENTATIVES, DIRECT INVOLVEMENT BY MARINE CREDIT UNION EMPLOYEES IN THE CHARITABLE EVENTS THEMSELVES, AND OVERSIGHT BY FOUNDATION STAFF UTILIZING DOCUMENTED POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 11B PROVIDED TO BOARD MEMBERS FOR REVIEW BEFORE FILING MARINE CREDIT UNION FOUNDATION REQUIRES ALL VOTING MEMBERS OF THE BOARD OF DIRECTORS TO HAVE ACCESS FOR REVIEW PURPOSES OF THE IRS FORM 990 PRIOR TO IT BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE APPLICABLE COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT EXISTS. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE OF A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER THE CIRCUMSTANCES THAT WOULD GIVE RISE TO A CONFLICT OF INTEREST, THE GOVERNING BODY OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE TO THE FOUNDATION. THE GOVERNING BOARD OR COMMITTEE SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,700. MANAGEMENT AND GENERAL EXPENSES 13,600. FUNDRAISING EXPENSES 1,700. TOTAL EXPENSES 17,000. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 59,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,000. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE LAST YEAR. MARINE CREDIT UNION 300 2ND STREET N STE 400 LA CROSSE WI 54601 390827305 CREDIT UNION WI 501(C)(14) 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0