Financial Resources FCU Foundation Inc

Public charity · Grantmaker Branchburg, NJ EIN: 20-8216512

The corporation (foundation) has been organized exclusively for the charitable religious, and scientific purposes, within the meaning of sections 501(3) and 170(2) of the irs code, including, for such purposes, the making of distributions to organizations under section 501(c)(3) of the irs code.

Key facts about Financial Resources FCU Foundation Inc

In short: Financial Resources FCU Foundation Inc gave $42K across 4 grants in 2025 (avg $10K), mostly in New Jersey. Source: 2025 IRS Form 990.

EIN
20-8216512
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$41,510
Grants made (2025)
4
Average grant
$10,378
Median grant
$5,000
Total assets
$303,894
Primary geography
New Jersey (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$304K

+156.1% YoY

Annual Giving

$42K

+107.5% YoY

Grant Count

4

+300.0% YoY

Avg Grant Size

$10K

-48.1% YoY

How Financial Resources FCU Foundation Inc gives

  • Giving grew 54% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Financial Resources FCU Foundation Inc

Based on IRS filings

Financial Resources FCU Foundation Inc is a public charity focused on Youth Development, based in Branchburg, NJ. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $304K in total assets. In 2025, it awarded 4 grants totaling $42K. Net investment income was $3K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 4 itemized grants.

States

Cities

Basking RidgeBridgewaterElizabethFlemingtonNew BrunswickPhillipsburgSomersetSomerville

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K2 grants2022 1 grant2023 1 grant2024 4 grants2025

From 2022 to 2025, annual grant giving ranged from $20K (2023) to $42K (2025). In 2025 it made 4 grants totaling $42K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Elijah's Promise: $27KElijah's Promise$27KSafe Sound Somerset: $5KSafe Sound Somerset$5KCenter for Great Expectations: $5KCenter for Great Expectations$5KTherayouth Foundation: $5KTherayouth Foundation$5K

The largest 2025 recipient was Elijah's Promise ($27K). Together the top 4 received $42K.

Grant Size Distribution

8 grants across all recorded years

8<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 8 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Elijah's Promise New Brunswick, NJTo provide support elijah's promise that assists with food costs and operations to expand the cullinary school.$26,510
Safe Sound Somerset Somerville, NJDay of giving donation to help with domestic violence campaigns.$5,000
Center for Great Expectations Somerset, NJDonation to help with the mission to create a safe space, safe presense and safe path for homeless women who are pregnant and parenting.$5,000
Therayouth Foundation Basking Ridge, NJDonation to assist with helping children in underserved communities overcome physical and developmental barriers through outpatient therapy.$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$100K$200K$300K2022 2023 2024 2025
Metric202520242023
Total Assets$303,894$118,652$112,881
Revenue$253,471$41,674$103,500
Expenses$68,229$38,353$49,879
Net Investment Income$2,824$995$366

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2022–2025

Leadership & Key People

Officers and directors from IRS filings

Financial Resources FCU Foundation Inc is led by Frank Almeida, President on every filing since 2022; none of the 6 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Frank Almeida

    President

    On filings since 2022

    1 hr/week

    No compensation reported

  • Charles Mazza

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Thomas O'Sullivan

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Beth Molinaro

    Secretary

    Director → Secretary, 2025

    On filings since 2022

    2 hrs/week

    No compensation reported

  • Brian Demcsak

    Vice President

    On filings since 2022

    1 hr/week

    No compensation reported

  • Stephen Mavricos

    Treasurer

    New on the 2025 filing

    1.3 hrs/week

    No compensation reported

Former officers (4)
  • Former: Beth Elbaum (2022–2024) — Treasurer
  • Former: Susan Dvorin (2022–2024) — Secretary
  • Former: Caryn Komensky (2022–2023) — Director
  • Former: Scott Witherspoon (2022) — Director

Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Financial Resources FCU Foundation Inc

How much does Financial Resources FCU Foundation Inc give each year?

Financial Resources FCU Foundation Inc gave $42K across 4 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $20K across 1 grant.

What is Financial Resources FCU Foundation Inc's typical grant size?

Financial Resources FCU Foundation Inc's median grant in 2025 was $5,000, and its average grant was $10,378, across 4 grants on its 2025 IRS Form 990.

Where does Financial Resources FCU Foundation Inc give grants?

Financial Resources FCU Foundation Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there.

Does Financial Resources FCU Foundation Inc give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on Financial Resources FCU Foundation Inc's 2025 IRS Form 990 were described as general or operating support.

How large is Financial Resources FCU Foundation Inc?

Financial Resources FCU Foundation Inc reported $304K in total assets on its 2025 IRS Form 990. Its revenue that year was $253K.

What is Financial Resources FCU Foundation Inc?

Financial Resources FCU Foundation Inc is a public charity focused on Youth Development, based in Branchburg, NJ. It holds $304K in total assets as of 2025.

What is Financial Resources FCU Foundation Inc's EIN?

Financial Resources FCU Foundation Inc's EIN (Employer Identification Number) is 20-8216512. IRS Form 990 filing data is available on this page for 2022–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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