Five Star Credit Union Foundation
Five Star Credit Union Foundation is a private foundation, based in Dothan, AL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 4 grants totaling $113K.
Five Star Credit Union Foundation at a glance
In short: Five Star Credit Union Foundation gave $113K across 4 grants in 2024 (avg $28K), top state Alabama. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $112,883
- +125.8% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $28,221
- +125.8% vs 2023
- Median grant
- $30,000
- Total assets
- $1,609,783
- +9.2% vs 2023
- Primary geography
- Alabama (47% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Five Star Credit Union Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was College of Coastal Georgia ($50K). Together the top 3 received $110K.
Organizations only. It also paid 1 grant to individuals ($2,883), which are not listed by name.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 9 grants of 11 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Five Star Credit Union Foundation gives
- In 2024 it paid out 146% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $30K (2022) to $113K (2024). In 2024 it made 4 grants totaling $113K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| College of Coastal Georgia Brunswick, GA | Scholarships | $50,000 |
| Wallace Community College Sparks Foundation Dothan, AL | Scholarships | $50,000 |
| National Credit Union Foundation Madison, WI | General Support | $10,000 |
| 1 grant to individuals Recipients not named | — | $2,883 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $1,609,783 | $251,601 | $115,458 | $112,883 | 4 | $115,458 | $79,178 |
| 2023 | $1,473,640 | $658,703 | $55,366 | $50,000 | 4 | $55,150 | $57,878 |
| 2022 | $870,303 | $478,788 | $35,166 | $30,000 | 3 | $34,443 | $30,858 |
| 2021 | $426,681 | $309,425 | — | — | — | — | $12,966 |
Under IRS private-foundation payout rules, Five Star Credit Union Foundation reported a distributable amount of $79K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Five Star Credit Union Foundation is led by Robert Steensma, President on every filing since 2021; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert Steensma
President
On filings since 2021
1 hr/week
No compensation reported
Mike Bridges
Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Pamela Earp
Board Member
On filings since 2021
1 hr/week
No compensation reported
Wallace Johnson
Vice President
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Freddie Jackson (2021–2023) — Board Member
Data from IRS Form 990 filings, 2021–2024. "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 Five Star Credit Union Foundation
How much does Five Star Credit Union Foundation give each year?
Five Star Credit Union Foundation gave $113K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $50K across 4 grants.
What is Five Star Credit Union Foundation's typical grant size?
Five Star Credit Union Foundation's median grant in 2024 was $30,000, and its average grant was $28,221, across 4 grants on its 2024 IRS Form 990-PF.
Where does Five Star Credit Union Foundation give grants?
Five Star Credit Union Foundation's top state is Alabama, with 47% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Georgia (44%) and Wisconsin (9%).
Does Five Star Credit Union Foundation give general operating support?
Yes: 25% of Five Star Credit Union Foundation's 2024 grants with a stated purpose (1 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Five Star Credit Union Foundation?
Five Star Credit Union Foundation reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $115K in qualifying distributions that year, against a required minimum of $79K (roughly 5% of its investment assets).
What is Five Star Credit Union Foundation's EIN?
Five Star Credit Union Foundation's EIN (Employer Identification Number) is 84-4465279. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Other open foundation grants in Alabama
Alabama Open opportunities, soonest deadline first.
- Alabama Power Foundation Good Roots Grant Up to $1,000 · Due October 23, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
- Community Grants (Community Foundation of West Alabama) Due November 1, 2026
Explore Open Grants
Browse active grant opportunities in Five Star Credit Union Foundation's focus areas in our free grants database
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