Nonprofit · EIN 56-1842095
CAROLINAS CREDIT UNION FOUNDATION INC
Tax-exempt · COLUMBIA, SC 29202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,438,668 | $2,778,083 | -$339,415 | $5,548,264 | $158,304 | $5,389,960 |
| December 31, 2024 | 990 | $4,167,015 | $3,848,140 | $318,875 | $5,723,150 | $172,300 | $5,550,850 |
| December 31, 2023 | 990 | $4,359,588 | $3,804,218 | $555,370 | $5,211,747 | $86,571 | $5,125,176 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,263,070
- Program service revenue
- $0
- Investment income
- $124,800
- Net income from fundraising events
- $50,798
- Other revenue
- $50,798
Expenses
- Grants and similar amounts paid
- $2,215,499
- Other salaries and wages
- $282,965
- Salaries, compensation and benefits (total)
- $371,973
- Professional fundraising fees
- $0
- Accounting fees
- $12,900
- Occupancy
- $9,581
- Travel
- $28,779
- Depreciation
- $17,981
- Program services (functional)
- $2,514,321
- Management and general (functional)
- $182,611
- Fundraising (functional)
- $81,151
Balance sheet and other
- Total assets, start of year
- $5,723,150
- Total assets, end of year
- $5,548,264
- Total liabilities, end of year
- $158,304
- Net assets, end of year
- $5,389,960
- Land, buildings and equipment
- $44,095
- Net assets without donor restrictions
- $5,389,960
- Gross receipts
- $2,594,263
- Employees
- 4
- Volunteers
- 100
- Year formed
- 1993
- State of legal domicile
- NC
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 | Other / benefits |
|---|---|---|---|---|
| LAUREN WHALEY | EXECUTIVE DI Key employee | 40 | $180,348 | $39,409 |
| JESSICA BAKER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CREIGHTON BLACKWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMA CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENICE DECORTE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| FRANKIE DEDONATO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FRED EISEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERRI HENDRIX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE MCCAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRECIOUS MCCLOUD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIZ PONDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASHLEY RUFFIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAN SCHLINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LINDA WEATHERFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAM WHITEHURST | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT WOODS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAUREN WHALEY | EXECUTIVE DI Officer | 40 | $169,644 | $23,684 |
| JESSCIA BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CREIGHTON BLACKWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BREHMER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BOB BRUNS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMA CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANKIE DEDONATO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRECIOUS MCCLOUD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIZ PONDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASHLEY RUFFIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAN SCHLINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAM WHITEHURST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT WOODS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENICE DECORTE | TREASURER Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAUREN WHALEY | EXECUTIVE DI Officer | 40 | $163,886 | $23,236 |
| JESSCIA BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CREIGHTON BLACKWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEIGH BRADY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAVID BREHMER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BOB BRUNS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANKIE DEDONATO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRECIOUS MCCLOUD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIZ PONDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASHLEY RUFFIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN SCHLINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN SPONAUGLE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SAM WHITEHURST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT WOODS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENICE DECORTE | TREASURER Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1787, COLUMBIA, SC 29202-1787
- In care of
- % LARRY G JOHNSON
- Principal officer (990 for 2025)
- LAUREN WHALEY, 131 E INNES STREET, SALISBURY, NC 28144
- Signed the 990
- LAUREN WHALEY, EXECUTIVE DIRECTOR
- Phone
- (336) 299-6286
- Website
- WWW.CAROLINASFOUNDATION.ORG
- Return prepared by
- CANTEY TILLER PIERCE & GREEN LLP
Mission
TO PROVIDE EDUCATIONAL SCHOLARSHIPS, AND TO PROVIDE ASSISTANCE TO CREDIT UNIONS IN NORTH AND SOUTH CAROLINA, AND SPECIAL PROJECTS.
Program accomplishments
- OUR FOUNDATION SERVES AS A PHILANTROPIC PARTNER TO ALL CREDIT UNIONS IN THE CAROLINAS THROUGH: EMPOWERING SOCIAL RESPONSIBILITY EFFORTS THAT ARE SELF- DIRECTED BY CREDIT UNIONS, CHAPTERS AND BUSINESS PARTNERS; INSPIRING CREDIT UNIONS BY SHARING AND CELEBRATING PHILANTHROPIC EFFORTS; AND COLLABORATING ON PROGRAMS AND PROJECTS THAT SUPPORT OUR COOPERATIVE PRINCIPLE OF CONCERN FOR THE COMMUNITY. OUR MISSION IS TO EMPOWER AND INSPIRE CREDIT UNIONS IN THE CAROLINAS THROUGH COLLABORATIVE OPPORUNITIES TO ENRICH OUR COMMUNITIES.Expenses $2,514,321 · grants $2,215,499
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
- 56-1842095
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $5,548,264
- Income (IRS master file)
- $2,594,263
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,438,668 | $2,778,083 | $5,548,264 | XML |
| 990 | December 2024 | $4,167,015 | $3,848,140 | $5,723,150 | IRS |
| 990 | December 2023 | $4,359,588 | $3,804,218 | $5,211,747 | XML |
| 990 | December 2022 | $3,334,879 | $3,445,381 | $4,718,312 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 56-1842095).
Questions about CAROLINAS CREDIT UNION FOUNDATION INC
- What is the EIN of CAROLINAS CREDIT UNION FOUNDATION INC?
- The employer identification number (EIN) of CAROLINAS CREDIT UNION FOUNDATION INC is 56-1842095.
- Is CAROLINAS CREDIT UNION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to CAROLINAS CREDIT UNION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINAS CREDIT UNION FOUNDATION 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 CAROLINAS CREDIT UNION FOUNDATION 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 CAROLINAS CREDIT UNION FOUNDATION 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 CAROLINAS CREDIT UNION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names LAUREN WHALEY.
- Who are the officers and directors of CAROLINAS CREDIT UNION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $180,348 (LAUREN WHALEY, EXECUTIVE DI).
- How much revenue does CAROLINAS CREDIT UNION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,438,668, expenses of $2,778,083 and total assets of $5,548,264 at year end.
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