Nonprofit · EIN 26-0413862
FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION INC
Tax-exempt · CHADDS FORD, PA 19317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $208,790 | $170,824 | $37,966 | $1,044,600 | $0 | $1,044,600 |
| December 31, 2024 | 990 | $170,206 | $159,837 | $10,369 | $1,006,634 | $0 | $1,006,634 |
| December 31, 2023 | 990 | $612,689 | $183,242 | $429,447 | $996,265 | $0 | $996,265 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $96,974
- Membership dues
- $9,057
- Program service revenue
- $37,854
- Investment income
- $0
- Net income from fundraising events
- $73,962
- Other revenue
- $73,962
Expenses
- Grants and similar amounts paid
- $111,903
- Other salaries and wages
- $9,425
- Salaries, compensation and benefits (total)
- $9,425
- Professional fundraising fees
- $0
- Program services (functional)
- $165,610
- Management and general (functional)
- $5,214
Balance sheet and other
- Total assets, start of year
- $1,006,634
- Total assets, end of year
- $1,044,600
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,044,600
- Net assets without donor restrictions
- $697,032
- Net assets with donor restrictions
- $347,568
- Gross receipts
- $242,288
- Employees
- 2
- Volunteers
- 10
- Year formed
- 2007
- State of legal domicile
- PA
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 |
|---|---|---|---|
| MARIA ROLSTON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KATE MCGEEVER | VICE PRESIDENT/SECRETARY Trustee or director | 1 | $0 |
| MICHAEL MAGNAVITA | TREASURER Trustee or director, Officer | 1 | $0 |
| SHONETTE CAREW | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MCKENNA | DIRECTOR Trustee or director | 1 | $0 |
| TROY PODELL | DIRECTOR Trustee or director | 1 | $0 |
| DR LOIS SNYDER | DIRECTOR Trustee or director | 1 | $0 |
| DR GEORGE STEINHOFF | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD V DURANTE JR | EXECUTIVE DIRECTOR Officer | 16 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR HARRY J JAMISON | PRESIDENT (TILL 10/24) Trustee or director, Officer | 1 | $0 |
| MARIA ROLSTON | PRESIDENT (START 10/24) Trustee or director, Officer | 1 | $0 |
| KATE MCGEEVER | VICE PRESIDENT/SECRETARY Trustee or director | 1 | $0 |
| MICHAEL B MAGNAVITA | TREASURER Trustee or director, Officer | 1 | $0 |
| SHONETTE CAREW | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MCKENNA | DIRECTOR (START 10/24) Trustee or director | 1 | $0 |
| DR JOSEPH O'BRIEN | DIRECTOR (TILL 10/24) Trustee or director | 1 | $0 |
| TROY PODELL | DIRECTOR (START 3/24) Trustee or director | 1 | $0 |
| DR LOIS SNYDER | DIRECTOR Trustee or director | 1 | $0 |
| DR GEORGE STEINHOFF | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD V DURANTE JR | EXECUTIVE DIRECTOR Officer | 16 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR HARRY J JAMISON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARIA ROLSTON | VICE PRESIDENT/SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL B MAGNAVITA | TREASURER Trustee or director, Officer | 1 | $0 |
| DR LOIS SNYDER | DIRECTOR Trustee or director | 1 | $0 |
| DR JOSEPH O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| KATE MCGEEVER | DIRECTOR Trustee or director | 1 | $0 |
| DR GEORGE STEINHOFF | DIRECTOR Trustee or director | 1 | $0 |
| SHONETTE CAREW | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD V DURANTE JR | EXECUTIVE DIRECTOR Officer | 16 | $0 |
Address and contacts
- Address (IRS master file)
- 5 HILLMAN DR STE 100 304, CHADDS FORD, PA 19317-9752
- In care of
- % MICHAEL MAGNAVITA
- Mailing address (990-N for 2008)
- 1974 Sproul Road, Suite 304, Broomall PA 190083490
- Principal officer (990 for 2025)
- RICHARD V DURANTE JR, 5 HILLMAN DR STE 100 304, CHADDS FORD, PA 193179998
- Principal officer (990-N for 2008)
- Richard Durante, 1974 Sproul Road, Suite 304, Broomall PA 19008
- Signed the 990
- RICHARD V DURANTE JR, EXECTUIVE DIRECTOR
- Phone
- (484) 259-1880
- Website
- www.fmfcufoundation.org
- Return prepared by
- RKL LLP
Mission
THE FMFCU FOUNDATION IS THE CHARITABLE ARM OF THE FRANKLIN MINT FEDERAL CREDIT UNION WHOSE PRIMARY MISSION IS TO COLLECT AND DISTRIBUTE FUNDS THAT SUPPORT CHARITABLE CAUSES AS WELL AS THE IMPLEMENTATION OF FINANCIAL LITERACY INITIATIVES IN THE COMMUNITY.
Program accomplishments
- THE FOUNDATION PARTNERS WITH THE DELAWARE COUNTY INTERMEDIATE UNIT IN PRESENTING THE COUNTY'S PREMIER EDUCATION RECOGNITION EVENT. THE EVENT ACKNOWLEDGES AND PROMOTES ACADEMIC ACCOMPLISHMENT IN A WAY THAT IS SIMILAR TO RECOGNIZING ATHLETIC ABILITY. THE BANQUET HONORS STUDENTS AND EDUCATORS, INCLUDING THE STUDENTS WHO PARTICIPATE IN THE DELCO HI-Q ACADEMIC QUIZ COMPETITION AND THEIR ADVISORS, RECIPIENT OF THE EXCELLENCE IN TEACHING AWARDS, SCHOLARSHIP RECIPIENTS, AND COMMUNITY NON-PROFITS. ALL HONOREES ATTEND THE EVENT AT NO COST. THE BANQUET REGULARLY DRAWS AS MANY AS 500 GUESTS.Expenses $98,789 · grants $45,083 · revenue $37,854
- TEACHER MINI GRANTS - FRANKLIN MINT FEDERAL CREDIT UNION FOUNDATION FUNDS INNOVATIVE EDUCATIONAL EXPERIENCES FOR K-12 STUDENTS THAT MAY NOT OTHERWISE BE FUNDED IN THE SCHOOL YEAR. TEACHERS MAY REQUEST FUNDS FOR CLASSROOM SUPPLIES, TECHNOLOGY, BOOKS, FUNDING FOR CLASSROOM PROJECTS OR PROGRAMS. AMOUNTS GIVEN ARE UP TO $500 PER APPLICANT. APPLICANTS MUST TEACH AT A SCHOOL LOCATED IN CHESTER, DELAWARE, MONTGOMERY, NEW CASTLE COUNTIES, WEST PHILADELPHIA, OR UNIVERSITY CITY.Expenses $2,821 · grants $2,821
- THE EXCELLENCE IN TEACHING AWARDS AND GRANT - LOCAL TEACHERS CAN BE NOMINATED TO RECEIVE $1,000 GRANTS TOWARDS EDUCATIONAL EXPENSES AND $1,000 FOR THEIR SCHOOL. THE EXCELLENCE IN TEACHING AWARD RECOGNIZES 20 OUTSTANDING AND DEDICATED TEACHERS IN OUR AREA. RECIPIENTS OF THIS AWARD RECEIVE $1,000 TOWARDS CLASSROOM EXPENSES AND A COMMEMORATIVE KEEPSAKE. THE RECIPIENT'S SCHOOL ALSO RECEIVES A $1,000 AWARD. A TOTAL OF $40,000 WILL BE AWARDED TO SCHOOLS AND EDUCATORS. TEACHERS CAN BE NOMINATED BY STUDENTS, PARENTS, CO-WORKERS OR SUPERVISORS. NOMINEES MUST BE PENNSYLVANIA- OR DELAWARE-CERTIFIED ACTIVE TEACHERS IN GOOD STANDING THAT PROVIDE DIRECT INSTRUCTION TO STUDENTS IN A CLASSROOM SETTING.Expenses $40,000 · grants $40,000
- THE ORGANIZATION PROVIDED EDUCATION RECOGNITION SCHOLARSHIPS TO 6 PEOPLE DURING THE YEAR.Expenses $24,000 · grants $24,000
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
- 26-0413862
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,044,600
- Income (IRS master file)
- $242,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $208,790 | $170,824 | $1,044,600 | XML |
| 990 | December 2024 | $170,206 | $159,837 | $1,006,634 | XML |
| 990 | December 2023 | $612,689 | $183,242 | $996,265 | XML |
| 990 | December 2022 | $412,362 | $143,596 | $581,818 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2008 Officer: Richard Durante | December 31, 2008 | ≤ $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 26-0413862).
Questions about FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION INC
- What is the EIN of FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION INC?
- The employer identification number (EIN) of FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION INC is 26-0413862.
- Is FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION 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 FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION 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 FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION 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 FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION INC?
- The 990 for the year ended December 31, 2025 names RICHARD V DURANTE JR.
- Who are the officers and directors of FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does FRANKLIN MINT FEDERAL CREDIT UNIONFOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $208,790, expenses of $170,824 and total assets of $1,044,600 at year end.
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