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Southeastern Credit Union Foundation Inc

EIN 59-2252733 · Tallahassee, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood89 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ENRICH CREDIT UNIONS AND THE LIVES OF THEIR EMPLOYEES AND MEMBERS.

Income
$1.1 million
Spending
$1.3 million
Spent on programs
95%
Reserves
23.3 months of spending
Largest source of income
donations and private grants, 97%
Employees
0
Volunteers
30
Highest pay
$4.1 million, ceo (until 4/24)

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 89 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 23.3 months of spending.

  • Debt

    20 of 20

    It owes 7% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 15% of income.

  • Income trend

    15 of 15

    Income rose 97% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 85 out of 100.

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $648,885 spent. DISASTER RELIEF: THE FOUNDATION COORDINATES AND ADMINISTERS DISASTER RELIEF PROGRAMS THAT SUPPORT CREDIT UNIONS AND THEIR STAFF IMPACTED BY NATURAL DISASTERS. THE FOUNDATION PROVIDES EMERGENCY GRANTS TO AFFECTED CREDIT UNION EMPLOYEES, DISTRIBUTES CRITICAL SUPPLIES, AND SUPPORTS LONGER-TERM RECOVERY EFFORTS.
  2. $502,394 spent. COMMUNITY IMPACT AND CREDIT UNION DEVELOPMENT GRANTS: THE FOUNDATION PROVIDES GRANTS TO SUPPORT CREDIT UNION INITIATIVES THAT STRENGTHEN MEMBER FINANCIAL WELL-BEING AND INSTITUTIONAL SUSTAINABILITY. THE COMMUNITY IMPACT GRANT PROGRAM FUNDS PROJECTS FOCUSED ON FINANCIAL LITERACY, OUTREACH, AND SUPPORT FOR CREDIT UNIONS PURSUING CDFI CERTIFICATION OR GRANT FUNDING. THE CREDIT UNION DEVELOPMENT GRANT PROGRAM ASSISTS WITH EFFORTS TO IMPROVE STAFF TRAINING, TECHNOLOGY ADOPTION, OPERATIONAL EFFICIENCY, AND INNOVATION.
  3. $108,041 spent. PROFESSIONAL DEVELOPMENT GRANTS: THE FOUNDATION OFFERS GRANTS TO SUPPORT CONTINUING EDUCATION AND LEADERSHIP DEVELOPMENT FOR CREDIT UNION STAFF AND VOLUNTEERS. GRANT RECIPIENTS USE FUNDING TO ATTEND INDUSTRY TRAININGS, CERTIFICATION PROGRAMS, AND LEADERSHIP DEVELOPMENT INITIATIVES. THE PROGRAM AIMS TO BUILD A MORE KNOWLEDGEABLE, RESILIENT, AND FUTURE-READY CREDIT UNION WORKFORCE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1984.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.