Nonprofit · EIN 06-1029942
CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC
Tax-exempt · ROCKY HILL, CT 06067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $130,206 | $94,315 | $35,891 | $722,043 | $84,540 | $637,503 |
| December 31, 2024 | 990 | $126,155 | $69,394 | $56,761 | $735,994 | $165,262 | $570,732 |
| December 31, 2023 | 990 | $110,276 | $65,727 | $44,549 | $678,668 | $182,324 | $496,344 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $36,004
- Program service revenue
- $13,321
- Investment income
- $19,700
- Net income from fundraising events
- $32,234
- Net income from gaming
- $28,947
- Other revenue
- $61,181
Expenses
- Grants and similar amounts paid
- $11,681
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $7,480
- Program services (functional)
- $94,315
Balance sheet and other
- Total assets, start of year
- $735,994
- Total assets, end of year
- $722,043
- Total liabilities, end of year
- $84,540
- Net assets, end of year
- $637,503
- Net assets without donor restrictions
- $484,839
- Net assets with donor restrictions
- $152,664
- Gross receipts
- $185,535
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1980
- State of legal domicile
- CT
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE ADAMS | PRESIDENT Officer | 2 | $0 | $191,529 | $30,974 |
| DAVID HINCHY | EXECUTIVE DIRECTOR Officer | 20 | $0 | $117,097 | $16,365 |
| SABRINA DEFAZIO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HENRY BAUM | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNETTE JANOVIC | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRIS MAYNARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHY CHARTIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW KLIMKOSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEG MARTELLOTTA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN-MARIE KATZER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATT BALDINI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VINCENT CIAMBRIELLO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL KLEINSCHMITT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN MICHELS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SIMEON CHAPIN | DIRECTOR Trustee or director | 1 | $0 |
| LYNDSEY O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE ADAMS | PRESIDENT Officer | 2 | $0 | $298,764 | $44,208 |
| DAVID HINCHY | EXECUTIVE DIRECTOR Officer | 20 | $0 | $105,144 | $14,990 |
| SABRINA DEFAZIO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HENRY BAUM | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNETTE JANOVIC | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRIS MAYNARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHY CHARTIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW KLIMKOSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEG MARTELLOTTA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN-MARIE KATZER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATT BALDINI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VINCENT CIAMBRIELLO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL KLEINSCHMITT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN MICHELS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE ADAMS | PRESIDENT/CEO Officer | 1 | $0 | $251,783 | $11,766 |
| SABRINA DEFAZIO | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| HENRY BAUM | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| TERESA KNOX | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| KATHY CHARTIER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANNETTE JANOVIC | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW KLIMKOSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE TODD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MATT BALDINI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HANK PETROSKEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MATT STANEK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MEG MARTELLOTTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS MAYNARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN HERNANDEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 55 CAPITAL BLVD STE 103, ROCKY HILL, CT 06067-3927
- Principal officer (990 for 2025)
- SABRINA DEFAZIO, 55 CAPITAL BLVD 103, ROCKY HILL, CT 06067
- Signed the 990
- SABRINA DEFAZIO, BOARD CHAIR
- Phone
- (203) 265-5657
- Return prepared by
- SEWARD AND MONDE CPA'S
Mission
AS THE CHARITABLE ARM OF THE CREDIT UNION LEAGUE OF CONNECTICUT, CUBFI SERVES CONNECTICUT RESIDENTS AND COMMUNITIES IN ORDER TO HELP THEM BUILD AND MAINTAIN INDEPENDENCE THROUGH ASSISTANCE INITIATIVES, FINANCIAL EDUCATION, PROFESSIONAL DEVELOPMENT PROGRAMS, AND HELPING CREDIT UNIONS TO DO THE SAME.
Program accomplishments
- COLLABORATIVE EFFORT BY CREDIT UNIONS, CUBFI, AND CULCT TO PROVIDE HANDS-ON EXPERIENCE TO STUDENTS TO LEARN HOW TO LIVE WITHIN THEIR FINANCIAL MEANS SUCCESSFULLY.Expenses $94,315 · grants $11,681 · revenue $13,321
- TO PROVIDE FUNDRAISING OPPORTUNITIES TO CREDIT UNION MEMBERS IN ORDER TO PROVIDE GRANTS TO STATE NOT-FOR-PROFIT ORGANIZATIONS.
- COLLABORATIVE EFFORT BY CREDIT UNIONS AND THE CUBFI ORGANIZATIONS TO RAISE ADDITIONAL MONETARY DONATIONS TO SUPPORT NON-PROFIT ORGANZIATIONS (E.G. THE CT FOOD BANK, FOODSHARE, AND OPERATION FUEL, INC.)
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 | 990 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
- 06-1029942
- 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
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $722,043
- Income (IRS master file)
- $185,535
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $130,206 | $94,315 | $722,043 | XML |
| 990 | December 2024 | $126,155 | $69,394 | $735,994 | IRS |
| 990 | December 2023 | $110,276 | $65,727 | $678,668 | XML |
| 990 | December 2022 | $117,980 | $72,182 | $539,239 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 06-1029942).
Questions about CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC
- What is the EIN of CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC?
- The employer identification number (EIN) of CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC is 06-1029942.
- Is CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE 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 CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC?
- The 990 for the year ended December 31, 2025 names SABRINA DEFAZIO.
- Who are the officers and directors of CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $130,206, expenses of $94,315 and total assets of $722,043 at year end.
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