Nonprofit · EIN 36-2994028
ILLINOIS CREDIT UNION FOUNDATION
Tax-exempt · NAPERVILLE, IL 60563
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,352,214 | $668,148 | $684,066 | $2,723,110 | $0 | $2,723,110 |
| December 31, 2023 | 990 | $1,094,945 | $251,219 | $843,726 | $2,039,044 | $0 | $2,039,044 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,213,936
- Program service revenue
- $0
- Investment income
- $85,457
- Net income from fundraising events
- $52,821
- Other revenue
- $52,821
Expenses
- Grants and similar amounts paid
- $662,690
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,400
- Program services (functional)
- $664,748
- Management and general (functional)
- $3,400
Balance sheet and other
- Total assets, start of year
- $2,039,044
- Total assets, end of year
- $2,723,110
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,723,110
- Net assets without donor restrictions
- $1,316,722
- Net assets with donor restrictions
- $1,406,388
- Gross receipts
- $1,365,028
- Employees
- 0
- Volunteers
- 100
- Year formed
- 1978
- State of legal domicile
- IL
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Melanie Murphy | Executive Director Officer | 35 | $0 | $129,849 |
| Michelle Balog | Chair Trustee or director, Officer | 5 | $0 | $0 |
| Kerriann Mills | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Susan Toalson | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Lou Bicanic | Director Trustee or director | 1 | $0 | $0 |
| Geraldine Burek | Director Trustee or director | 1 | $0 | $0 |
| John Fiore | Director Trustee or director | 1 | $0 | $0 |
| John Hansen | Director Trustee or director | 1 | $0 | $0 |
| Michael Lee | Director Trustee or director | 1 | $0 | $0 |
| Thomas Pierce | Director Trustee or director | 1 | $0 | $0 |
| Amber Scott | Director Trustee or director | 1 | $0 | $0 |
| Sarah Vega | Director Trustee or director | 1 | $0 | $0 |
| Tom Kane | Director Trustee or director | 1 | $0 | $0 |
| Joseph Kregul | Director Trustee or director | 1 | $0 | $0 |
| Jose Garcia | Director Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Abraham | Director Trustee or director | 1 | $0 |
| Pete Fauth | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Melanie Murphy | Executive Director Officer | 35 | $0 | $124,355 |
| Lou Bicanic | Chairman Trustee or director, Officer | 5 | $0 | $0 |
| Michelle Balog | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Kerriann Mills | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Geraldine Burek | Director Trustee or director | 1 | $0 | $0 |
| John Fiore | Director Trustee or director | 1 | $0 | $0 |
| John Hansen | Director Trustee or director | 1 | $0 | $0 |
| Michael Lee | Director Trustee or director | 1 | $0 | $0 |
| Thomas Pierce | Director Trustee or director | 1 | $0 | $0 |
| Susan Toalson | Director Trustee or director | 1 | $0 | $0 |
| Sarah Vega | Director Trustee or director | 1 | $0 | $0 |
| Amber Scott | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1807 W DIEHL RD, NAPERVILLE, IL 60563-1890
- In care of
- % MELANIE MURPHY
- Principal officer (990 for 2024)
- Melanie Murphy, 1807 W DIEHL RD, NAPERVILLE, IL 605631890
- Signed the 990
- Melanie Murphy, Executive Director
Mission
Promote charitable and educational goals as they relate to State and Federally chartered Credit Unions.
Program accomplishments
- To help establish and launch a credit union group health care plan for their employees to achieve economies of scale.Expenses $416,268 · grants $416,268
- Grants to small Credit Unions including professional development and special projects promoting financial health and well-being initiativesExpenses $248,480 · grants $246,422
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2994028
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Suspense
- Donations deductible (Pub 78)
- Charity of unknown status, 50% limit
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61J)
- Assets (IRS master file)
- $2,723,110
- Income (IRS master file)
- $1,365,028
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,352,214 | $668,148 | $2,723,110 | XML |
| 990 | December 2023 | $1,094,945 | $251,219 | $2,039,044 | XML |
| 990 | December 2022 | $361,867 | $167,889 | $1,195,318 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 36-2994028).
Questions about ILLINOIS CREDIT UNION FOUNDATION
- What is the EIN of ILLINOIS CREDIT UNION FOUNDATION?
- The employer identification number (EIN) of ILLINOIS CREDIT UNION FOUNDATION is 36-2994028.
- Is ILLINOIS CREDIT UNION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3).
- Are donations to ILLINOIS CREDIT UNION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Charity of unknown status, 50% limit).
- Which annual return does ILLINOIS CREDIT UNION FOUNDATION 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 ILLINOIS CREDIT UNION FOUNDATION 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 ILLINOIS CREDIT UNION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ILLINOIS CREDIT UNION FOUNDATION?
- The 990 for the year ended December 31, 2024 names Melanie Murphy.
- Who are the officers and directors of ILLINOIS CREDIT UNION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does ILLINOIS CREDIT UNION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,352,214, expenses of $668,148 and total assets of $2,723,110 at year end.
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