Five Star Credit Union Foundation

DOTHAN, AL EIN: 84-4465279

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

+9.2% YoY

Annual Giving

$113K

+125.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$28K

+125.8% YoY

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.

About Five Star Credit Union Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $93K (48%)

Georgia $90K (47%)

Wisconsin $10K (5%)

States

Alabama Georgia Wisconsin

Cities

BrunswickDothanEnterpriseMadisonThomasville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,609,783	$1,473,640	$870,303
Revenue	$251,601	$658,703	$478,788
Expenses	$115,458	$55,366	$35,166
Qualifying Distributions	$115,458	$55,150	$34,443
Net Investment Income	—	—	—
Distributable Amount	$79,178	$57,878	$30,858

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include College of Coastal Georgia ($50,000), Wallace Community College Sparks Foundation ($50,000), National Credit Union Foundation ($10,000).

Recipient	Purpose	Amount
COLLEGE OF COASTAL GEORGIA BRUNSWICK, GA	SCHOLARSHIPS	$50,000
WALLACE COMMUNITY COLLEGE SPARKS FOUNDATION DOTHAN, AL	SCHOLARSHIPS	$50,000
KAYLA JONES DOTHAN, AL	DISASTER RELIEF	$2,883
NATIONAL CREDIT UNION FOUNDATION MADISON, WI	GENERAL SUPPORT	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MIKE BRIDGES	SECRETARY/TREASURER	1	—
ROBERT STEENSMA	PRESIDENT	1	—
WALLACE JOHNSON	VICE PRESIDENT	1	—
PAMELA EARP	BOARD MEMBER	1	—

Frequently Asked Questions

How large is Five Star Credit Union Foundation?

As of 2024, Five Star Credit Union Foundation holds $1.6M in total assets with $252K in annual revenue. It awarded 4 grants totaling $113K in 2024.

Where does Five Star Credit Union Foundation operate?

Five Star Credit Union Foundation has awarded grants in Alabama, Georgia, Wisconsin.

What size grants does Five Star Credit Union Foundation award?

In 2024, Five Star Credit Union Foundation awarded 4 grants totaling $113K — an average of about $28K per grant, based on its IRS Form 990 filings.

How much is Five Star Credit Union Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Five Star Credit Union Foundation reported a distributable amount of $79K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.