2016-06-29T14:41:41-07:00 2015-12-31 Jones Mertsching CPAs PC 32186 Castle Ct Suite 220 Evergreen CO 80439 990 2015-01-01 742232424 MOUNTAIN WEST CREDIT UNION FOUNDATION MOUN 8004771697 1009 GRANT STREET DENVER CO 80203 Shaun Ongstad Senior VP Controller 2016-06-27 true Eric L Jones P00634170 3034809090 2015 2016-09-27 15:27:22Z SCOTT EARL 1009 GRANT STREET DENVER CO 80203 728820 false false X www.mwcua.com X 1981 THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. THE FOUNDATION'S MISSION IS TO PROMOTE LEADERSHIP AND SUPPORT LONG-TERM SUCCESS OF CREDIT UNIONS IN THEIR COMMUNITIES. 13 13 0 14 0 317791 371457 1142 1427 49957 72242 0 368890 445126 213828 275870 0 0 0 0 34486 34267 248314 310137 120576 134989 1502075 1559615 22755 19676 1479320 1539939 THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. THE FOUNDATION'S MISSION IS TO PROMOTE LEADERSHIP AND SUPPORT LONG-TERM SUCCESS OF CREDIT UNIONS IN THEIR COMMUNITIES. false false 292413 275870 CREDIT UNION DEVELOPMENT - INCLUDING EDUCATIONAL SCHOLARSHIPS FOR UNDERGRADUATE, GRADUATE, AND OTHER PROFESSIONAL DEVELOPMENT PROGRAMS - AND INCLUDING GRANTS FUNDED FROM COMMUNITY INVESTMENT FUND (CIF) THROUGH THE NATIONAL CREDIT UNION FOUNDATION - PROJECTS TO IMPROVE THE FINANCIAL WELL BEING OF CONSUMERS, COMMUNITIES AND DEMONSTRATE THE "CREDIT UNION DIFFERENCE" 292413 true true false false false false false false false true false false false false false true true false false false false false false false true false false true true true false false false false false false false false false false true false false false false false true false false false false true 0 0 false 0 false false false false false false false true true false 0 false false false false false false false false false false X 13 13 false true false false false false false true true false false false true false true false true true false false X Mountain West CU Association 8004771697 1009 Grant Street Denver CO 80203 X CARLA HEDRICK Secretary 1.00 0.00 X 0 0 0 TODD PEARSON Chairman 2.00 0.00 X 0 0 0 TYLER VALENTINE Treasurer 1.00 0.00 X 0 0 0 RAINY THOEN Vice Chair 1.00 0.00 X 0 0 0 STEVE FERRERO Director 1.00 0.00 X 0 0 0 BOB HOEL Director 1.00 0.00 X 0 0 0 JUDY AUVIL Director 1.00 0.00 X 0 0 0 SCOTT EARL President 2.00 40.00 X X 0 414313 26707 SUSAN FRANK Director 1.00 0.00 X 0 0 0 BRIAN ROHRBACHER Director 1.00 0.00 X 0 0 0 JANE PRANCAN Director 1.00 0.00 X 0 0 0 JOHN UCHIDA Director 1.00 0.00 X 0 0 0 DENNIS PAUL Director 1.00 0.00 X 0 0 0 DAN SANTANGELO Executive Dir. 4.00 40.00 X 0 157941 14876 572254 41583 0 false true false 0 77974 293483 371457 Miscellaneous Income 900099 1427 1427 1427 57572 57572 0 0 0 189216 174546 14670 14670 14670 109148 77974 109148 0 0 0 0 445126 1427 72242 80600 80600 195270 195270 0 0 0 0 0 0 0 0 0 0 0 0 0 5718 5718 7300 7300 17042 16543 499 847 847 0 0 0 3360 3360 0 0 0 0 0 0 0 310137 292413 17724 0 0 239325 131761 58820 29459 25171 0 0 0 0 8683 27012 0 1224608 1316851 0 0 0 0 1502075 1559615 701 22755 18975 22755 19676 X 1442917 1449716 36403 90223 1479320 1539939 1502075 1559615 134989 -74370 X false true X false false X 142990 192607 367956 317791 371457 1392801 0 0 0 0 142990 192607 367956 317791 371457 1392801 38580 30279 102202 32595 105639 309295 0 38580 30279 102202 32595 105639 309295 1083506 16023 11097 31957 51155 57298 167530 0 16023 11097 31957 51155 57298 167530 0 0 159013 203704 399913 368946 428755 1560331 0.69440 0.72380 0.10740 0.09310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36403 58820 5000 90223 41403 5000 36403 46403 5000 41403 128258 5372 76483 46403 136317 17916 100 26075 128258 false false false X 474186 -74370 -5718 -80088 554274 -109148 -109148 445126 413567 109148 109148 304419 5718 5718 310137 Part V, Line 4: Intended uses of the endowment fund. Educational Scholarships Part X : FIN48 Footnote The Foundation has received exemption from income tax under section 501(c)(3) of the Internal Revenue Code. The Foundation is classified by the Internal Revenue Service as other than a private foundation. The Organizations accounting policy under FASB ASC 740-10 Accounting for Uncertainty in Income Taxes is to recognize in its financial statements only those tax benefits (reported or to be reported in its tax returns) when it is more likely than not that the tax position will be sustained on examination by the relevant taxing authorities. Management currently believes that it is more likely than not that all of its significant tax positions (including positions related to the unrelated business income tax) would be sustained on examination by relevant taxing authorities. Additionally, no interest and penalties have been recorded in the accompanying consolidated financial statements related to uncertain tax positions. Currently the 2014, 2013, and 2012 Federal Form 990 Information Returns are open for examination by the IRS. Federal income tax returns related to UBIT have not been filed as Management currently believes that none of the Foundations activities are unrelated to its exempt purpose. Part XII, Line 2d: Other expenses and losses per audited F/S Fund-rasing expenses $109148 false GALA 109312 37521 71791 7429 8800 25877 22998 6688 GOLF TOURNAMENT 77810 40453 37357 2470 584 30026 4276 187122 77974 109148 2470 8013 38826 25877 22998 10964 109148 true Childrens Hospital 13123 E 16th Ave Aurora CO 80045 454182666 501(c)(3) 25000 0 Mircle Marathon Donation Community Choice CU 6921 E 72 Ave Commerce City CO 80022 840512667 501(c)(14) 9450 0 Mtg Lending Project Laramie Plains FCU 365 N 3rd St Laramie WY 82072 830170384 501(c)(14) 6750 0 Leadership Dvlp National CU Foundation 5710 Mineral Point Road Madison WI 53705 391383650 501(c)(3) 6000 0 donations, CO flood aid Worldwide Foundation for CUs 5710 Mineral Point Road Madison WI 53705 396093210 501(c)(3) 10000 0 donation 3 2 Scholarships for Financial and CU Education 142 195270 Grantmaker's Description of How Grants are Used a. Scholarships - The Foundation performs a complex and rigorous process to approve scholarships and at times makes the check out to the recipient and the educational institution. Once the scholarship is awarded, a congratulation letter is sent to the recipient acknowledging the amount awarded and what the award is to be used for. No further follow-up is undertaken. b. Grants - The Foundation performs a complex and rigorous process to approve grants. Once the grant is awarded, the recipient must sign an agreement stating that the funds should only be used for the purpose that they were awarded for and that they must return any unused funds. They also must comply with any information requests from the Foundation including grant reports. They must also allow the Foundation to perform a site visit as requested and have to notify the Foundation of any media coverage of project. X X X X X false false false false false false false false false false DAN SANTANGELO Executive Dir. 146100 4832 7009 7511 7365 172817 SCOTT EARL President 377199 18346 18768 13250 13457 441020 OfficersDirectors MWCUA Common O & D See Schedule R false Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company The Foundation is managed by the Mountain West Credit Union Association (MWCUA). MWCUA provides management services, administrative and operating employees, and certain other administrative and operating services to the Foundation. No administrative or management fee was charged for 2015. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 IS PREPARED BY THE FOUNDATION'S CPA FIRM AND THEN REVIEWED THOROUGHLY BY THE MOUNTAIN WEST CREDIT UNION ASSOCIATION'S SENIOR VP/CONTROLLER BEFORE THE FORM 990 IS FILED. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts MEMBERS OF MANAGEMENT AND THE BOARD ARE AWARE OF BOARD MEMBERS WHO MAY SERVE ON OTHER BOARDS OR COMMITTEES OF OTHER ORGANIZATIONS AND WILL REMIND BOARD MEMBERS WITH POTENTIAL CONFLICTS TO RECUSE THEMSELVES FROM A VOTE (WITH A CONFLICT OF INTEREST) IF THEY HAVE NOT ALREADY DONE SO. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management EXECUTIVE DIRECTOR - CEO OF MOUNTAIN WEST CREDIT UNION ASSOCIATION REVIEWS ANNUALLY AND PREPARES A WRITTEN EVALUATION THAT IS REVIEWED BY THE EXECUTIVE DIRECTOR AND SIGNED, THE KGA COMPEASE PROGRAM IS USED TO DETERMINE SALARIES BASED ON THE COMPETENCIES AND REQUIRED SKILL LEVELS. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees NONE Form 990, Part VI, Line 19: Other Organization Documents Publicly Available NO DOCUMENTS AVAILABLE TO THE PUBLIC EXCEPT UPON REQUEST AND APPROVAL BY KEY MANAGEMENT MOUNTAIN WEST CREDIT UNION ASSOCIATION 1009 GRANT ST DENVER CO 80203 840375111 Credit Union Trade Association CO 501(c)(6) N/A false false false false false false false false false false false false false false true true false false false false