GECU FOUNDATION

EIN: 208801986 501(c)(3) Education

EL PASO, TX

Total Revenue
$843,511
Total Expenses
$815,945
Total Assets
$287,110
Net Assets
$287,110
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
TX
Principal Officer
EMMELINE GARCIA
Phone
9157789221
Tax Period
2023-01-01 to 2023-12-31

GECU FOUNDATION, founded in 2007, is a small nonprofit in the Education sector that reported $844K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $816K left a modest 3% surplus.

Mission

THE GECU FOUNDATION IS THE PHILANTHROPIC ARM OF GECU THAT OPERATES TO ELEVATE THE EL PASO COMMUNITY AND THE CREDIT UNION MOVEMENT THROUGH STRATEGIC FUNDRAISING AND CHARITABLE GIVING. The GECU Foundation focuses on 12 development issues that affect our communities: *Health *Hunger *Housing *Education *Environment *Transportation *Savings *Technology *Access to credit *Employment *Inclusion *Diversity and equity Throughout 2023, the GECU Foundation successfully continued the work and efforts to elevate people's lives in the El Paso, Texas, community and expanded our reach to new communities in New Mexico. We made an impact on these communities through charitable giving to support important issues that affect the lives of their people - one of those issues being food insecurity which has been increasingly affecting families everywhere. We were honored to expand our philanthropic giving to Casa de Peregrinos' food pantry to help combat food insecurity in Southern New Mexico. In 2023, we we

Program Service Accomplishments

Program 1
Expenses: $64,767

THE FOUNDATION PROUDLY SUPPORTED HEALTH-RELATED GRANTS TO ENHANCE MEDICAL AND MENTAL HEALTHCARE ACCESS FOR UNDERSERVED COMMUNITIES. BY PARTNERING WITH ESTEEMED ORGANIZATIONS SUCH AS EL PASO...

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THE FOUNDATION PROUDLY SUPPORTED HEALTH-RELATED GRANTS TO ENHANCE MEDICAL AND MENTAL HEALTHCARE ACCESS FOR UNDERSERVED COMMUNITIES. BY PARTNERING WITH ESTEEMED ORGANIZATIONS SUCH AS EL PASO CHILDREN'S HOSPITAL, THE CHILDREN'S GRIEF CENTER OF EL PASO, AND THE DOCTORS OF THE WORLD BORDER HEALTH PROGRAM, WE HAVE ENSURED THAT QUALITY HEALTH ASSISTANCE REACHES THOSE IN NEED. THESE GRANTS ARE PIVOTAL IN PROVIDING ESSENTIAL MEDICAL SERVICES, MENTAL HEALTH SUPPORT, AND COMPREHENSIVE CARE, REFLECTING OUR COMMITMENT TO FOSTERING HEALTHIER, MORE RESILIENT COMMUNITIES.

Program 2
Expenses: $188,604

THE FOUNDATION FUNDED EDUCATION THROUGH SCHOLARSHIPS, SCHOOL SUPPLIES, AND CURRICULA AWARDED TO VARIOUS QUALIFIED ORGANIZATIONS AND ACCREDITED INSTITUTIONS. BY COLLABORATING WITH RESPECTED...

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THE FOUNDATION FUNDED EDUCATION THROUGH SCHOLARSHIPS, SCHOOL SUPPLIES, AND CURRICULA AWARDED TO VARIOUS QUALIFIED ORGANIZATIONS AND ACCREDITED INSTITUTIONS. BY COLLABORATING WITH RESPECTED INSTITUTIONS SUCH AS TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER EL PASO WOODY L. HUNT SCHOOL OF DENTAL MEDICINE, EL PASO COMMUNITY COLLEGE, AND HOWARD PAYNE UNIVERSITY, THE FOUNDATION AIMED TO PROVIDE COMMUNITY MEMBERS WITH OPPORTUNITIES TO ELEVATE THEIR QUALITY OF LIFE. THESE INITIATIVES WERE DESIGNED TO ENRICH OUR COMMUNITY, FOSTERING ACADEMIC GROWTH AND PROFESSIONAL DEVELOPMENT THAT CONTRIBUTED TO A MORE EDUCATED AND EMPOWERED COMMUNITY.

Program 3
Expenses: $512,869

THE FOUNDATION SUPPORTED COMMUNITY-RELATED GRANTS TO ADDRESS KEY DEVELOPMENT ISSUES SUCH AS HUNGER, HOUSING, AND EMPLOYMENT. BY PARTNERING WITH CHARITABLE ORGANIZATIONS LIKE UNITED WAY OF EL PASO...

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THE FOUNDATION SUPPORTED COMMUNITY-RELATED GRANTS TO ADDRESS KEY DEVELOPMENT ISSUES SUCH AS HUNGER, HOUSING, AND EMPLOYMENT. BY PARTNERING WITH CHARITABLE ORGANIZATIONS LIKE UNITED WAY OF EL PASO COUNTY, HOSPICE EL PASO, EL PASOANS FIGHTING HUNGER, AND PROJECT VIDA, AMONG MANY OTHERS, THE FOUNDATION AIMED TO HELP PEOPLE IN OUR COMMUNITY LIVE THEIR BEST LIVES POSSIBLE. THESE GRANTS WERE PIVOTAL IN PROVIDING ESSENTIAL RESOURCES AND SUPPORT, ENSURING THAT INDIVIDUALS AND FAMILIES COULD ACCESS THE SERVICES THEY NEED TO THRIVE. THROUGH THESE EFFORTS, THE FOUNDATION REAFFIRMED ITS COMMITMENT TO FOSTERING A STRONGER, MORE RESILIENT COMMUNITY.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $617,500
Program Service Revenue $0
Investment Income $1,937
Other Revenue $224,074
TOTAL REVENUE $843,511

Expense Breakdown

Grants Paid $584,698
Salaries & Benefits $0
Fundraising Expenses $1,269
Program Expenses $766,240
Other Expenses $231,247
TOTAL EXPENSES $815,945

Year-over-Year Comparison

2023 2022 Change
Revenue $843,511 $1,003,675 -0.2%
Expenses $815,945 $893,183 -0.1%
Net Income $27,566 $110,492 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
316

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRYSTAL LONG CHAIRMAN 2.0
Officer Director
$0 $0 $0
BRAD TAYLOR DIRECTOR 2.0
Director
$0 $0 $0
TOMAS SIGALA JR DIRECTOR 2.0
Director
$0 $0 $0
GRACE VAUGHN TREASURER AND SECRETARY 2.0
Officer Director
$0 $0 $0
ELVIRA VALLES DIRECTOR 2.0
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
2024 No data No data No data No data
2023 $843,511 $815,945 $287,110 $27,566
2022 $1,003,675 $893,183 $259,544 $110,492
2021 $787,862 $857,201 $149,052 $-69,339
2020 $507,734 $712,547 $245,860 $-204,813
2020 $507,734 $676,380 $236,183 $-168,646
2019 $468,260 $416,733 $451,073 $51,527
2018 $299,093 $80,339 $385,406 $218,754
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