Glcu Foundation For Financial
Only null% goes to programs Strong reserves
Glcu Foundation For Financial is a 501(c)(3) organization based in Bannockburn, Illinois, registered in 2015, with $107,429 in FY2024 revenue. CharityIndex grades it B.
2111 Waukegan Rd, Bannockburn, IL, 60015 EIN 47-0970671 Since 2015
Revenue (FY2024)
$107K
Human Services median: $293K
Expenses (FY2024)
$25K
Net assets
$159K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Glcu Foundation For Financial— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating75 mo reserves · +76% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Glcu Foundation For Financial: 75 mo reserves · +76% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Glcu Foundation For Financial— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Glcu Foundation For Financial: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2111 Waukegan Rd, Bannockburn, IL, 60015
- City
- Bannockburn
- State
- Illinois
- Category
- Human Services
- Subcategory
- Personal Social Services
- Website
- …
Financial snapshot
Financial health & position (FY2024)
Liabilities $13KNet assets $159K
Operating margin
76.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$172K
Total liabilities
$13K
Net assets
$159K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $107,429 | $25,481 | $158,656 | $172,131 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $86K total
3 grants to Glcu Foundation For Financial totaling $86K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Great Lakes Credit Union | Commitment to building financial well-being for members, employees, and communities. | 2024 | $36,068 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $25,000 |
| The Chicago Community Trust | For a citywide condominium assessment in chicago | 2017 | $25,000 |
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Frequently asked questions
- Is Glcu Foundation For Financial a legitimate nonprofit?
- Yes. Glcu Foundation For Financial is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-0970671, based in Bannockburn, Illinois. Donations are tax-deductible.
- What is Glcu Foundation For Financial's EIN?
- Glcu Foundation For Financial's Employer Identification Number (EIN) is 47-0970671.
- How much revenue does Glcu Foundation For Financial report?
- Glcu Foundation For Financial reported $107,429 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Glcu Foundation For Financial have?
- CharityIndex grades Glcu Foundation For Financial B, based on financial health (reserves and operating margin).
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Data for Glcu Foundation For Financial (EIN 47-0970671) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.