2023 - Blue Foundation - Annual Impact Report

2023 ANNUAL

I M PA C T R E P O RT

LETTERS FROM LEADERSHIP The mission of the Blue Federal Credit Union Foundation is to support our members and their communities by funding and providing financial education programs. Our aim is to foster financial independence and economic strength in these communities.

In the last year, thanks to your contributions, the Blue Foundation allocated over $165,000 to various organizations within the communities we serve, in addition to awarding $12,000 in college scholarships. We provide grants that benefit 501(c)(3) organizations and support charitable events in areas where Blue Federal Credit Union operates.

Being an independent 501(c)(3) entity, the Blue Foundation is in a prime position to support numerous esteemed local charities, causes, and individuals in their endeavors to make a positive impact.

If your organization, or if you know a college student in need of support, a simple grant request form is available under the ‘Requests’ tab on our website at bluefoundation.blue. Here, you will also find all the necessary information regarding eligibility and application details.

You can become a lifetime member of the Blue Foundation for as little as a $5 contribution, either online at bluefoundation. blue or at any Blue FCU branch. Contributions to the Blue Foundation are generously matched by Blue Federal Credit Union up to 80 percent.

We extend our heartfelt gratitude to everyone who continues to support us through donations, volunteering, and various other forms of assistance. We eagerly anticipate witnessing the positive impact of your efforts again this year.

JIM WOOD Blue Foundation

President

2023 Approved Grants The Foundation received 19 grant requests from organizations in Wyoming and Colorado totaling $217,500. The Foundation awarded 9 grants totaling $165,000 that align with our mission.

I am absolutely thrilled and deeply honored to step into the role of Executive Director at the Blue Foundation! In just a few short months, I've been incredibly inspired by the amazing dedication and professionalism of our board of directors, the wonderful Blue FCU employees, and our supportive members — the true heartbeat of our organization.

Our mission, as you're well aware, is to champion, fund, and celebrate the local nonprofit causes that strengthen our community, ensuring financial stability and promoting health and well-being. Looking ahead to the coming year, I'm eagerly anticipating the chance to meet, converse, and share ideas with our fantastic community partners and generous donors, who are pivotal in bringing our mission to life.

My aim is to not only preserve but also enhance the remarkable legacy of this organization, all while casting an eye toward a future filled with growth and innovation. I often tell my children, “Make the World a Better Place,” and I wholeheartedly believe that together, we can ignite that spark in everyone to leave the world a better, happier place!

LAURA FOWLER Blue Foundation

Executive Director

Grantee

Amount

Community

Realities for Children

$100,000

Fort Collins

Habitat for Humanity of Denver and Laramie County

$20,000

Denver & Cheyenne

Junior Achievement

$10,000

Colorado & Wyoming

Pawsitive PAC Service Foundation

$10,000

Denver

Impact on Education

$5,000

Boulder

US Space and Rocket Center Education Foundation

$5,000

Cheyenne

Community Action of Laramie County

$5,000

Cheyenne

Give Next

$5,000

Fort Collins

Safehouse

$5,000

Cheyenne

TOTAL

$165,000

2023 FINANCIALS Statement of Financial Position

Statement of Activity

As of December 31, 2023

January - December 2023

CURRENT ASSETS

TOTAL

Checking Money Market/Savings Accounts Receivable

$29,339 $346,763 $3,075

Total Current Assets TOTAL ASSETS

$ 379,177 $ 379,177

LIABILITIES & EQUITY

REVENUE

Total

Fund Raising Events Member Donations Member Donation Match Other Donations

$142,514 $55,935 $48,991 $70,027

Total Revenue

$317,467

EXPENDITURES

Liabilities: Liabilities and Equity

$3,075

Total Liabilities

$3,075

Equity: Retained Earnings Net Profits

$298,644 $77,458

Total Equity TOTAL LIABILITIES AND EQUITY

$376,102 $379,177

Meet the 2023 Leadership Team

Charitable Contributions Scholarships Administrative Expenses Fund Raising Expenses Operating expenses

165,000 12,000 38,340 30,600 2,296

Total Expenditures NET OPERATING REVENUE

$248,236 $69,231

Total Other Revenue NET REVENUE

$8,227 $ 77,458

Other Revenue: Interest Income

$8,227

Statement of Cash Flows Net Cash Revenue Beginning Cash

Ending Cash for 2023 Jim Wood

Margo LaHiff

Laura Fowler

Michele Bolkovatz

Kim Alexander

Stephanie Teubner

President

Treasurer

Vice President

Secretary

Kimberly Johnson Member

Executive Director

Member

$77,458 $298,644

$376,102

2024 UPCOMING EVENTS Thursday April 18

Thankful Thursday "Party with a Purpose" Lincolnway Event Hall Cheyenne, WY

Sunday August 11

Blue Car Show benefiting the Blue Foundation Blue World Headquarters Cheyenne, WY

Friday August 23

Wyoming Golf Tournament Airport Golf Course Cheyenne, WY

Monday September 16

Colorado Golf Tournament TPC Colorado Berthoud, CO

CONTACT US bluefoundation.blue support@bluefoundation.blue

(307) 996-1123

2401 E. Pershing Blvd., Cheyenne, WY 82003 P.O. Box 2304, Cheyenne, WY 82003