Nonprofit · EIN 47-0970671
GLCU FOUNDATION FOR FINANCIAL
Tax-exempt · BANNOCKBURN, IL 60015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $107,429 | $25,481 | $81,948 | $172,131 | $13,475 | $158,656 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $104,648
- Net income from fundraising events
- $2,781
Expenses
- Grants and similar amounts paid
- $11,418
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $14,063
- Program services (functional)
- $25,481
Balance sheet and other
- Total assets, start of year
- $76,708
- Total assets, end of year
- $172,131
- Total liabilities, end of year
- $13,475
- Net assets, end of year
- $158,656
- Cash, savings and investments
- $172,131
- Gross receipts
- $115,558
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW RIZZIE | EXECUTIVE DIRECTOR | 40 | $0 |
| PATRICK BASLER | BOARD CHAIR | 1 | $0 |
| TOM MONTICELLO | VICE CHAIR | 1 | $0 |
| CATHY CORBI | SECRETARY/TREASURER | 1 | $0 |
| DAVID GOLES | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2111 WAUKEGAN RD, BANNOCKBURN, IL 60015-1830
- In care of
- % AMY CRAWFORD
- Mailing address (990-N for 2023)
- 2111 Waukegan Road, Bannockburn IL 60015
- Principal officer (990-N for 2023)
- Cathy Corbi, 2111 Waukegan Road, Bannockburn IL 60015
- Signed the 990-EZ
- MATTHEW RIZZIE, EXECUTIVE DIRECTOR
- Phone
- (847) 578-7734
- Website
- glcu.org/foundation
- Return prepared by
- DOEREN MAYHEW
Mission
THE CORPORATION IS ORGANIZED UNDER THE GENERAL NOT-FOR-PROFIT CORPORATION ACT FOR PURPOSES OF PROVIDING FINANCIAL EDUCATION AND HOUSING COUNSELING TO UNDERSERVED POPULATIONS AND ANY OTHER CHARITABLE, EDUCATIONAL OR OTHER PURPOSE DESCRIBED IN SECTIONS 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE OF 1986, AS AMENDED ("CODE"). NOT WITHSTANDING ANY OTHER PROVISION OF THESE ARTICLES OF INCORPORATION, THE CORPORATION IS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR ONE OR MORE TAX-EXEMPT PURPOSES SPECIFIED IN SECTION 501(C)(3) OF THE CODE. OUR MISSION IS TO FINANCIALLY EMPOWER THE COMMUNITY THROUGH OUR DIRECT SERVICE PROGRAMS, VOLUNTEER ACTIVITIES, AND THROUGH COMMUNITY GIVEBACK.
Program accomplishments
- FINANCIAL EDUCATION - OUR HUD APPROVED SERVICES WERE OFFERED TO 1,169 HOUSEHOLDS IN 2024.Expenses $20,385 · grants $11,418
- WORKSHOPS - WE PROVIDED 44 FINANICAL WORKSHOPS TO THE GENERAL COMMUNITY AND 96 YOUTH FINANCIAL EDUCATION EVENTS.Expenses $5,096
- VOLUNTEER - 222 EMPLOYEES VOLUNTEERED 4,384 HOURS AT 156 ORGANIZATIONS AND 292 EVENTS IN 2024.
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 47-0970671
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $172,131
- Income (IRS master file)
- $115,558
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $107,429 | $25,481 | $172,131 | IRS |
| 990-N for 2023 Officer: Cathy Corbi | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Cathy Corbi | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Cesar Severo Escovar | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-0970671).
Questions about GLCU FOUNDATION FOR FINANCIAL
- What is the EIN of GLCU FOUNDATION FOR FINANCIAL?
- The employer identification number (EIN) of GLCU FOUNDATION FOR FINANCIAL is 47-0970671.
- Is GLCU FOUNDATION FOR FINANCIAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to GLCU FOUNDATION FOR FINANCIAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLCU FOUNDATION FOR FINANCIAL 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 GLCU FOUNDATION FOR FINANCIAL 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 GLCU FOUNDATION FOR FINANCIAL last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of GLCU FOUNDATION FOR FINANCIAL?
- The 990-N for 2023 names Cathy Corbi.
- Who are the officers and directors of GLCU FOUNDATION FOR FINANCIAL?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does GLCU FOUNDATION FOR FINANCIAL have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $107,429, expenses of $25,481 and total assets of $172,131 at year end.
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