First Federal Credit Union Foundation
FIRST FEDERAL CREDIT UNION FOUNDATION is a private foundation based in Hiawatha, Iowa. Its 2024 filing lists grants to charitable, educational, community, and other organizations, including support for scholarships, food assistance, veterans, and local events.
Key facts about First Federal Credit Union Foundation
In short: First Federal Credit Union Foundation gave $21K across 27 grants in 2024 (avg $775.926), mostly in Iowa. 52% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 82-5181234
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $20,950
- Grants made (2024)
- 27
- Average grant
- $776
- Median grant
- $850
- New grantees (estimate)
- 52% first-time grantees (14 of 27, 2024)
- Total assets
- $304,863
- Primary geography
- Iowa (98% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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.
Is First Federal Credit Union Foundation open to new grantees?
52%
first-time grantees, 2024
In 2024, 14 of 27 grantees (52%) were first-time recipients. First grants averaged $721; repeat grants $835. How we count
Medians: $925 first-time, $750 repeat.
- 41% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−20%). Method
- In 2024 it paid out 151% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
An earlier description states that the foundation’s mission is to support community activities, nonprofit organizations, school events, and civic and youth organizations through donations, grants, scholarships, and sponsorships.
Its 2024 grants included support for educational programs and scholarships, food assistance, veterans, youth sports, homeless services, and general support. Among its grantees, Indian Creek Nature Center describes its mission as environmental education, land protection and restoration, and responsible interaction with nature. Kids First Law Center says it provides focused legal representation and services to children in divorce, custody, and other conflicts. Linn County Historical Society says it preserves and shares Linn County history and connects the past with the present and future.
Grantmaking
In 2024, the foundation reported 27 grants totaling $20,950. Grant amounts ranged from $100 to $2,500, with a median of $850. The largest listed award was $2,500 to Center Point Urbana Fellowship of Christian Athletes for a fundraising event. Other $1,000 awards included support for Freedom Foundation’s veterans pantry, Green Square Meals’ event supporting homeless services, Hiawatha Parks & Recreation soccer teams, and general support for Indian Creek Nature Center and Kids First Law Center. The foundation also made $1,000 scholarship or educational-program grants to Kirkwood Community College, Simpsons College, the University of Iowa, and Linn County Historical Society.
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Geographic Focus
Where this funder awards grants
In 2024, 98% of grant dollars went to recipients in Iowa and 2% to recipients in Texas.
Grant Distribution by State
Share of all 27 itemized 2024 grant dollars.
Cities
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
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER POINT URBANA FELLOWSHIP OF CHRISTIAN ATHLETES Center Point, IA | FUND RAISING EVENT | $2,500 |
| FREEDOM FOUNDATION Cedar Rapids, IA | VETERANS PANTRY | $1,000 |
| GREEN SQUARE MEALS Cedar Rapids, IA | EVENT SPONSOR FOR HOMELESS SERVICES - DADY DASH TO END HOMELESSNESS | $1,000 |
| HIAWATHA PARKS & RECREATION Cedar Rapids, IA | SOCCER TEAMS | $1,000 |
| INDIAN CREEK NATURE CENTER Cedar Rapids, IA | GENERAL SUPPORT | $1,000 |
| KIDS FIRST LAW CENTER Cedar Rapids, IA | GENERAL SUPPORT | $1,000 |
| KIRKWOOD COMMUNITY COLLEGE Cedar Rapids, IA | JENSEN SCHOLARSHIP | $1,000 |
| LINN COUNTY HISTORICAL SOCIETY Cedar Rapids, IA | EDUCATIONAL PROGRAMS | $1,000 |
| MT ZION FOOD PANTRY Cedar Rapids, IA | FAMILIES FACING FOOD DEFICIEINCIES | $1,000 |
| SIMPSONS COLLEGE Indianola, IA | FLEMING SCHOLARSHIP | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $304,863 | $35,319 | $25,949 | $20,950 | 27 |
| 2023 | $289,248 | $32,699 | $19,674 | $14,950 | 19 |
| 2022 | $253,993 | $31,173 | $24,453 | $20,300 | 25 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2024 filing are Mary Lawrence, president; Doug Netolicky, vice president; and directors Geneva Williams, Nancy Kahle, Tom Chalstrom, Tracy Jackson, and Nicole Osterhaus.
First Federal Credit Union Foundation is led by Mary Lawrence, President on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mary Lawrence
President
On filings since 2020
0.5 hrs/week
No compensation reported
Geneva Williams
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Nancy Kahle
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Tom Chalstrom
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Nicole Osterhaus
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Tracy Jackson
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Doug Netolicky
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (4)
- Former: Greta Hart (2020–2022) — Director
- Former: Nancy Peterson (2020–2022) — Director
- Former: Tracy Yordi (2022) — Director
- Former: Ann Schreck (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 1035 N Center Point Rd Ste A, Hiawatha, IA 52233
Phone: (319) 286-2973
Frequently asked questions about First Federal Credit Union Foundation
How much does First Federal Credit Union Foundation give each year?
First Federal Credit Union Foundation gave $21K across 27 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $15K across 19 grants.
What is First Federal Credit Union Foundation's typical grant size?
First Federal Credit Union Foundation's median grant in 2024 was $850, and its average grant was $776, across 27 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from First Federal Credit Union Foundation that year got $721 on average.
Where does First Federal Credit Union Foundation give grants?
First Federal Credit Union Foundation gives mostly in Iowa: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cedar Rapids, IA (19 grants).
Does First Federal Credit Union Foundation give general operating support?
Yes: 41% of First Federal Credit Union Foundation's 2024 grants with a stated purpose (11 of 27) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are First Federal Credit Union Foundation's largest grantees?
First Federal Credit Union Foundation's largest 2024 grantees include Center Point Urbana Fellowship of Christian Athletes ($2,500), Freedom Foundation ($1,000) and Green Square Meals ($1,000), according to its 2024 IRS Form 990-PF. Together they received 21% of its itemized 2024 grant dollars.
How large is First Federal Credit Union Foundation?
First Federal Credit Union Foundation reported $305K in total assets on its 2024 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What does First Federal Credit Union Foundation fund?
An earlier description states that the foundation’s mission is to support community activities, nonprofit organizations, school events, and civic and youth organizations through donations, grants, scholarships, and sponsorships. Its 2024 grants included support for educational programs and scholarships, food assistance, veterans, youth sports, homeless services, and general support. Among its grantees, Indian Creek Nature Center describes its mission as environmental education, land protection …
How do I apply for a grant from First Federal Credit Union Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does First Federal Credit Union Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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