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