APPLE FEDERAL CREDIT UNION FOUNDATION

EIN: 205308299 501(c)(3)

SPRINGFIELD, VA

Total Revenue
$9,438
Total Expenses
$830,875
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
STEVEN F SENGSTACK
Phone
5713211800
Tax Period
2020-07-01 to 2021-01-26

APPLE FEDERAL CREDIT UNION FOUNDATION, founded in 2006, is a micro nonprofit that reported $9K in total revenue in fiscal year 2020. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $831K exceeded revenue, resulting in a 8704% operating deficit.

Mission

APPLE FEDERAL CREDIT UNION EDUCATION FOUNDATION IS A CHARITABLE GIVING INSTITUTION THAT MAKES A FOCUSED COMMITMENT TO SERVING THE EDUCATIONAL COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $753,384

GRANTS ARE GIVEN THROUGHOUT APPLE FEDERAL CREDIT UNION'S NORTHERN VIRGINIA SERVICE AREA TO DESERVING ORGANIZATION THAT HELP TO SUPPORT THE AREA'S STUDENTS, TEACHER, AND COMMUNITY. DURING THE YEAR, WE...

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GRANTS ARE GIVEN THROUGHOUT APPLE FEDERAL CREDIT UNION'S NORTHERN VIRGINIA SERVICE AREA TO DESERVING ORGANIZATION THAT HELP TO SUPPORT THE AREA'S STUDENTS, TEACHER, AND COMMUNITY. DURING THE YEAR, WE SUPPORTED TRAINING FOR OVER 3,000 NEW TEACHERS THROUGH OUR TEACHER INDUCTION GRANT PROGRAM. ; MANAGED FUNDS FOR SEVERAL PRIVATE SCHOLARSHIPS AT NO COST; PROVIDED GRANTS TO OTHER 501(C)(3) ORGANIZATIONS.

Program 2
Expenses: $7,500 Revenue: $40

THE FOUNDATION AWARDED SCHOLARSHIPS TO GRADUATING SENIORS THROUGHOUT THE NORTHERN VIRGINIA AREA, WHO HAVE DEMONSTRATED A COMMITMENT TO HELPING THEIR SCHOOL AND COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $8,054
Program Service Revenue $0
Investment Income $1,384
Other Revenue $0
TOTAL REVENUE $9,438

Expense Breakdown

Grants Paid $592,732
Salaries & Benefits $32,000
Fundraising Expenses $2,601
Program Expenses $760,884
Other Expenses $206,143
TOTAL EXPENSES $830,875

Year-over-Year Comparison

2020 2019 Change
Revenue $9,438 $420,082 -1.0%
Expenses $830,875 $846,926 0.0%
Net Income $-821,437 $-426,844 +0.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
4
Employees
N/A
Volunteers
25

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$113,482
Total Directors
10
$211,314
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CALANTHIA TUCKER PRESIDENT 0.30
Officer Director
$0 $0 $53,482
STEVE SENGSTACK EXECUTIVE DIRECTOR 25.00
Officer Director
$60,000 $0 $60,000
SU CHUANG DIRECTOR 0.30
Director
$0 $0 $3,009
LINDA WHITFIELD DIRECTOR 0.30
Director
$0 $0 $6,668
ERIN VERGARA DIRECTOR 0.30
Director
$0 $2,657 $88,155
JAMIE BAISDEN DIRECTOR 0.30
Director
$0 $0 $0
ROBERT SOWELL VICE PRESIDENT, SECRETARY 0.30
Officer Director
$0 $0 $0
RC BOSLEY TREASURER 0.30
Officer Director
$0 $0 $0
KELLI STENHOUSE DIRECTOR 0.30
Director
$0 $0 $0
TESSIE WILSON DIRECTOR 0.30
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $9,438 $830,875 No data $-821,437
2020 $420,082 $846,931 $976,681 $-426,849
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