funder logo

MICHIGAN CREDIT UNION FOUNDATION

MICHIGAN CREDIT UNION FOUNDATION

Livonia, MI, US
501(c)3
EIN
38-6066911
Regional Funder
funder logo

MICHIGAN CREDIT UNION FOUNDATION

Livonia, MI, US
501(c)3
EIN
38-6066911
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$396,924

Contributions
76%
Investments
16%
Other
7%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$312,316

Other
63%
Grants
36%
Fees to Service Providers
2%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$349,970
$302,105
-14%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$53,027
$65,069
+23%
Other
$29,750
$29,750
+0%
Total Revenues
$432,747
$396,924
-8%
Expenses
2023
2024
Change
Grants
$208,269
$111,165
-47%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$7,809
$5,581
-29%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$25,470
$195,570
+668%
Total Expenses
$241,548
$312,316
+29%
Net income
2023
2024
Change
Net income
+$191,199
+$84,608
-56%
Functional Expenses
Summary
2023
2024
Change
Program
$225,822
$284,442
+26%
Admin
$11,489
$12,531
+9%
Fundraising
$4,237
$15,343
+262%
Total Expenses
$241,548
$312,316
+29%
Income Statement
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