First Federal Credit Union Foundation
First Federal Credit Union Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HIAWATHA, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $305K in total assets. In 2024, it awarded 27 grants totaling $21K. Net investment income was $16K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$305K
+5.4% YoY
Annual Giving
$21K
+40.1% YoY
Grant Count
27
+42.1% YoY
Avg Grant Size
$775.926
-1.4% YoY
Under IRS private-foundation payout rules, First Federal Credit Union Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About First Federal Credit Union Foundation
Based on IRS filings
First Federal Credit Union Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HIAWATHA, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $305K in total assets. In 2024, it awarded 27 grants totaling $21K. Net investment income was $16K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $304,863 | $289,248 | $253,993 |
| Revenue | $35,319 | $32,699 | $31,173 |
| Expenses | $25,949 | $19,674 | $24,453 |
| Qualifying Distributions | $22,142 | $16,114 | $21,212 |
| Net Investment Income | $15,624 | $13,252 | $10,443 |
| Distributable Amount | $14,655 | $13,319 | $12,828 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
108 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Center Point Urbana Fellowship of Christian Athletes ($2,500), Freedom Foundation ($1,000), Green Square Meals ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HEART ASSOCIATION DALLAS, TX | GENERAL SUPPORT | $500 |
| ARC OF EAST CENTRAL IOWA CEDAR RAPIDS, IA | PLAYGROUND | $500 |
| CEDAR RAPIDS PUBLIC SAFETY CEDAR RAPIDS, IA | GENERAL SUPPORT | $250 |
| CENTER POINT URBANA FELLOWSHIP OF CHRISTIAN ATHLETES CENTER POINT, IA | FUND RAISING EVENT | $2,500 |
| DAYBREAK ROTARY CEDAR RAPIDS, IA | GENERAL SUPPORT | $500 |
| FREEDOM FOUNDATION CEDAR RAPIDS, IA | VETERANS PANTRY | $1,000 |
| FRESH START MINISTRIES CEDAR RAPIDS, IA | GENERAL SUPPORT | $500 |
| GREEN SQUARE MEALS CEDAR RAPIDS, IA | EVENT SPONSOR FOR HOMELESS SERVICES - DADY DASH TO END HOMELESSNESS | $1,000 |
| HARMONEY SCHOOL OF MUSIC CEDAR RAPIDS, IA | COMMUNITY MUSIC DAY | $500 |
| HAWKEYE AREA COUNCIL CEDAR RAPIDS, IA | ANNUAL DINNER | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DOUG NETOLICKY | VICE PRESIDENT | 0.5 | — |
| GENEVA WILLIAMS | DIRECTOR | 0.5 | — |
| MARY LAWRENCE | PRESIDENT | 0.5 | — |
| NANCY KAHLE | DIRECTOR | 0.5 | — |
| TOM CHALSTROM | DIRECTOR | 0.5 | — |
| TRACY JACKSON | DIRECTOR | 0.5 | — |
| NICOLE OSTERHAUS | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is First Federal Credit Union Foundation?
First Federal Credit Union Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HIAWATHA, IA. It holds $305K in total assets as of 2024.
How large is First Federal Credit Union Foundation?
As of 2024, First Federal Credit Union Foundation holds $305K in total assets with $35K in annual revenue. It awarded 27 grants totaling $21K in 2024.
Where does First Federal Credit Union Foundation operate?
First Federal Credit Union Foundation has awarded grants in Iowa, Texas.
What size grants does First Federal Credit Union Foundation award?
In 2024, First Federal Credit Union Foundation awarded 27 grants totaling $21K — an average of about $775.926 per grant, based on its IRS Form 990 filings.
How much is First Federal Credit Union Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, First Federal Credit Union Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is First Federal Credit Union Foundation's EIN?
First Federal Credit Union Foundation's EIN (Employer Identification Number) is 82-5181234. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in First Federal Credit Union Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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