Nonprofit · EIN 20-2706810
AFFINITY FEDERAL CREDIT UNION FOUNDATION INC
Tax-exempt · BASKING RIDGE, NJ 07920
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $271,214 | $251,396 | $19,818 | $647,390 | $157,414 | $489,976 |
| December 31, 2023 | 990 | $259,673 | $329,172 | -$69,499 | $734,190 | $264,032 | $470,158 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $265,260
- Membership dues
- $28,689
- Program service revenue
- $0
- Investment income
- $26,894
- Net income from fundraising events
- -$20,940
- Other revenue
- -$20,940
Expenses
- Grants and similar amounts paid
- $160,209
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $13,330
- Travel
- $484
- Program services (functional)
- $167,725
- Management and general (functional)
- $22,786
- Fundraising (functional)
- $60,885
Balance sheet and other
- Total assets, start of year
- $734,190
- Total assets, end of year
- $647,390
- Total liabilities, end of year
- $157,414
- Net assets, end of year
- $489,976
- Net assets without donor restrictions
- $489,976
- Gross receipts
- $372,018
- Employees
- 0
- Volunteers
- 47
- Year formed
- 2005
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kelly Watts | Executive Dir. Officer | 0 | $0 | $129,591 | $22,602 |
| John Fenton | Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Kawanzaa King | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Luis Alzate-Duque | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Pamela Cohen | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Frank Giannelli | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Michelle Jansen | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| MaryAnne Melanson | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Sandy Sharp | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Shay Wadher | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| James Reade | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Bryan Watkinson | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Karla Wallack | Executive Dir. Officer | 35 | $0 | $139,910 | $8,846 |
| John Fenton | Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Joseph Herbst | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Andre Solomon | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Kawanzaa King | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Luis Alzate-Duque | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Pamela Cohen | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Frank Giannelli | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Michelle Jansen | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Jacquelyn Kearns | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| MaryAnne Melanson | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Sandy Sharp | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Shay Wadher | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| James Reade | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Bryan Watkinson | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 73 MOUNTAINVIEW BLVD, BASKING RIDGE, NJ 07920-3849
- In care of
- % ERIN WITHERSPOON
- Principal officer (990 for 2024)
- Kelly Watts, 73 Mountainview Blvd, Basking Ridge, NJ 07920
- Signed the 990
- Kelly Watts, Executive Director
- Phone
- (908) 860-3914
- Website
- www.affinitygives.org
- Return prepared by
- Lear & Pannepacker LLP
Mission
To provide members and communities with solutions to improve financial wellness, educational programs that enable self-sufficiency, and support that ensures access to essential healthcare services.
Program accomplishments
- Financial support to nonprofit organization that align with our mission.Expenses $167,725
- Scholarship programs for students
- Financial and social support for individuals living in poverty
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2706810
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $647,390
- Income (IRS master file)
- $372,018
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $271,214 | $251,396 | $647,390 | XML |
| 990 | December 2023 | $259,673 | $329,172 | $734,190 | XML |
| 990 | December 2022 | $398,525 | $441,593 | $788,142 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2706810).
Questions about AFFINITY FEDERAL CREDIT UNION FOUNDATION INC
- What is the EIN of AFFINITY FEDERAL CREDIT UNION FOUNDATION INC?
- The employer identification number (EIN) of AFFINITY FEDERAL CREDIT UNION FOUNDATION INC is 20-2706810.
- Is AFFINITY FEDERAL CREDIT UNION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to AFFINITY FEDERAL CREDIT UNION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFFINITY FEDERAL CREDIT UNION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AFFINITY FEDERAL CREDIT UNION FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFFINITY FEDERAL CREDIT UNION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AFFINITY FEDERAL CREDIT UNION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Kelly Watts.
- Who are the officers and directors of AFFINITY FEDERAL CREDIT UNION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does AFFINITY FEDERAL CREDIT UNION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $271,214, expenses of $251,396 and total assets of $647,390 at year end.
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