State Employees Credit Union Foundation
119 N Salisbury Street 11th, Raleigh, NC · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $20,266,593 | $21,784,040 | $32,844,042 |
| FY2022 | $19,356,032 | $18,183,066 | $34,570,433 |
| FY2021 | $18,518,126 | $16,937,228 | $33,397,467 |
| FY2020 | $17,925,103 | $24,884,699 | $31,816,569 |
| FY2019 | $17,242,706 | $10,234,292 | $38,776,165 |
| FY2015 | $13,238,047 | $11,018,572 | $17,602,566 |
| FY2014 | $12,347,757 | $14,520,185 | $15,383,091 |
| FY2013 | $11,422,969 | $8,187,517 | $16,555,519 |
| FY2012 | $10,369,878 | $7,555,550 | $13,037,661 |
| FY2011 | $9,535,574 | $9,367,444 | $10,223,333 |
Form 990 filings
The returns filed by State Employees Credit Union Foundation (EIN 56-2255292), including Form 990-PF PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $19,786,257 | 98% |
| Other revenue | $480,336 | 2% |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See private foundations in NC. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2023 | $21,702,034 |
| FY2022 | $18,150,616 |
| FY2021 | $16,897,660 |
| FY2020 | $24,842,594 |
| FY2019 | $10,189,705 |
| FY2015 | $10,963,107 |
| FY2014 | $14,476,574 |
| FY2013 | $8,149,720 |
| FY2012 | $7,521,241 |
| FY2011 | $9,340,137 |
What the numbers show
- Contributions & grants made up 98% of total revenue in FY2023.
- Net assets covered about 18.1 months of expenses at the end of the reporting year. That puts it in the 23rd percentile among 1260 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue was higher than 98.2% of 1302 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue rose from $9,535,574 in FY2011 to $20,266,593 in FY2023. Revenue increased in 9 and decreased in 0 of 9 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 10 reported years (FY2014, FY2020, FY2023).
- Net assets grew from $10,223,333 to $32,844,042 between FY2011 and FY2023.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private operating foundation).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
IRS status
| Ruling year | 2002 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | T23 — Philanthropy, Voluntarism & Grantmaking Foundations (in NC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private operating foundation). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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