Totals
- Total revenue
- $407,757,981
- Total expenses
- $307,709,900
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $380,830,234
- Investment income
- $26,686,178
- Other revenue
- $241,569
- Total assets, end of year
- $7,523,425,888
- Total liabilities, end of year
- $6,808,925,711
- Net assets or fund balances, end of year
- $714,500,177
- Program services expenses (Part IX)
- $307,709,900
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $307,709,900
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: INTEREST ON LOANS
total $258,514,467 · related or exempt $258,514,467
-
2b · Program service revenue: FEE INCOME
total $47,841,605 · related or exempt $47,174,109 · unrelated business $667,496
-
2c · Program service revenue: OTHER OPERATING INCOME
total $74,474,162 · related or exempt $74,474,162
-
3 · Investment income
total $28,794,612 · related or exempt $28,794,612
-
7a · Gross sales of assets other than inventory
securities $28,310,778 · other assets $893,971
-
7b · Less cost or other basis and sales expenses
securities $31,313,183
-
7c · Gain or loss
securities -$3,002,405 · other assets $893,971
-
7d · Net gain or loss
total -$2,108,434 · related or exempt -$2,108,434
-
11a · Other revenue: OTHER NON OP GAIN
total $241,569 · related or exempt $241,569
-
11e · Other revenue, total
$241,569
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $5,758,196 · program services $5,758,196
-
7 · Other salaries and wages
total $85,635,642 · program services $85,635,642
-
9 · Other employee benefits
total $20,321,687 · program services $20,321,687
-
16 · Occupancy
total $11,071,087 · program services $11,071,087
-
19 · Conferences, conventions and meetings
total $1,913,836 · program services $1,913,836
-
20 · Interest
total $10,355,416 · program services $10,355,416
-
22 · Depreciation, depletion and amortization
total $9,807,380 · program services $9,807,380
-
24a · Other expenses: SEE ATTACHED SCHEDULE
total $162,846,656 · program services $162,846,656
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $119,785,006 · end of year $39,494,277
-
2 · Savings and temporary cash investments
beginning of year $73,186,171 · end of year $643,312,288
-
4 · Accounts receivable
beginning of year $57,010,573 · end of year $61,747,128
-
7 · Other notes and loans receivable
beginning of year $5,475,144,552 · end of year $5,856,066,197
-
9 · Prepaid expenses and deferred charges
beginning of year $52,679,576 · end of year $52,110,220
-
10a · Land, buildings and equipment: cost or other basis
$325,323,432
-
10b · Land, buildings and equipment: accumulated depreciation
$93,371,725
-
10c · Land, buildings and equipment, net
beginning of year $214,378,515 · end of year $231,951,707
-
12 · Investments: other securities
beginning of year $420,247,181 · end of year $353,736,749
-
13 · Investments: program-related
end of year $98,234,018
-
15 · Other assets
beginning of year $199,916,417 · end of year $186,773,304
-
17 · Accounts payable and accrued expenses
beginning of year $49,439,021 · end of year $61,792,837
-
23 · Secured mortgages and notes payable
beginning of year $1,140,278 · end of year $320,056
-
24 · Unsecured notes and loans payable
beginning of year $40,000,000 · end of year $280,000,000
-
25 · Other liabilities
beginning of year $5,900,981,915 · end of year $6,466,812,818
-
27 · Net assets without donor restrictions
beginning of year $620,786,777 · end of year $714,500,177
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
DIVIDENDS AND INTEREST PAID TO MEMBERS ON THEIR SHARE ACCOUNTS, MONEY MARKET ACCOUNTS, AND CERTIFICATE OF DEPOSIT ACCOUNTS.
Expenses $307,709,900
-
OFFICE EXPENSES AND DATA PROCESSING EXPENSES NECESSARY TO SUPPORT MEMBER ACCOUNT AND LOAN ACTIVITY BY PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICES.
-
EMPLOYEE LABOR AND BENEFIT COSTS INCURRED TO SUPPORT SAVINGS SERVICES, LOAN ORIGINATIONS, AND SERVICING THE LOAN PORTFOLIO FOR ITS MEMBERS
As filed on the 2023 return.
Listed in Part VII
-
Samuel S MoseleySAMUEL S MOSELEY
PRESIDENTCEO
- Total calculated
- $1,125,630
- From this org
- $1,125,630
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $856,241
- Bonus
- $231,779
- Other
- $37,610
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $1,125,630
-
Sterling GrubbsSTERLING GRUBBS
CHIEF LENDING OFFICER
- Total calculated
- $501,474
- From this org
- $501,474
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $405,833
- Bonus
- $84,520
- Other
- $11,121
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $501,474
-
Zelda V AbramZELDA V ABRAM
CFO
- Total calculated
- $494,604
- From this org
- $494,604
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $400,833
- Bonus
- $85,226
- Other
- $8,545
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $494,604
-
Christopher DavidCHRISTOPHER DAVID
COO
- Total calculated
- $470,747
- From this org
- $470,747
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $375,000
- Bonus
- $78,717
- Other
- $17,030
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $470,747
-
Timothy S StaleyTIMOTHY S STALEY
CHIEF COMMERCIAL LENDING
- Total calculated
- $429,491
- From this org
- $429,491
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $308,800
- Bonus
- $67,466
- Other
- $53,225
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $429,491
-
Michael H CheesemanMICHAEL H CHEESEMAN
CAO
- Total calculated
- $351,232
- From this org
- $351,232
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $265,020
- Bonus
- $63,158
- Other
- $23,054
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $351,232
-
Acie ForrerACIE FORRER
SW FL MKT PRES
- Total calculated
- $344,894
- From this org
- $344,894
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $269,664
- Bonus
- $62,639
- Other
- $12,591
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $344,894
-
Hugh DaileyHUGH DAILEY
CEO SE TRUSTSPECIAL ASST MGR
- Total calculated
- $341,574
- From this org
- $341,574
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $265,000
- Bonus
- $63,656
- Other
- $12,918
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $341,574
-
Jill H DavisJILL H DAVIS
CHIEF MARKETING OFFICER
- Total calculated
- $337,412
- From this org
- $337,412
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $267,544
- Bonus
- $62,508
- Other
- $7,360
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $337,412
-
James R HagginsJAMES R HAGGINS
CHIEF OF COLLECTIONS
- Total calculated
- $330,692
- From this org
- $330,692
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $265,020
- Bonus
- $62,104
- Other
- $3,568
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $330,692
-
Timothy LysakTIMOTHY LYSAK
CHIEF INFO OFFICER
- Total calculated
- $293,267
- From this org
- $293,267
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $239,033
- Bonus
- $52,388
- Other
- $1,846
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $293,267
-
Vanessa L HernandezVANESSA L HERNANDEZ
CHIEF RETAIL DELIVERY
- Total calculated
- $292,656
- From this org
- $292,656
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $229,491
- Bonus
- $51,278
- Other
- $11,887
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $292,656
-
Jeffrey BakerJEFFREY BAKER
N CENTRAL FL MKT PRESIDENT
- Total calculated
- $224,663
- From this org
- $224,663
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $183,750
- Bonus
- $37,422
- Other
- $3,491
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $224,663
-
Donna BrownDONNA BROWN
CHIEF AUDIT & COMPLIANCE
- Total calculated
- $219,860
- From this org
- $219,860
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $40,972
- Bonus
- $58,338
- Other
- $120,550
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $219,860
-
Debra ThomasDEBRA THOMAS
ASST MGR COLLECTIONS
- Total calculated
- $192,038
- From this org
- $192,038
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $87,863
- Bonus
- $87,353
- Other
- $16,822
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $192,038
-
Elsie SellersELSIE SELLERS
INSIDE MTG LOAN ORIGINATOR
- Total calculated
- $125,061
- From this org
- $125,061
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Curtis BealsCURTIS BEALS
DEVELOPER II
- Total calculated
- $118,316
- From this org
- $118,316
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Wendy Diaz BerriosWENDY DIAZ BERRIOS
INSIDE MTG LOAN ORIGINATOR
- Total calculated
- $117,536
- From this org
- $117,536
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Nathan SlagleNATHAN SLAGLE
INSIDE MTG LOAN ORIGINATOR
- Total calculated
- $109,103
- From this org
- $109,103
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Chester A BrojekCHESTER A BROJEK
VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 15
-
Nick SudzinaNICK SUDZINA
TREASURER
- Total calculated
- $0
- Hours/week
- 15
-
Kenneth J HeubuschKENNETH J HEUBUSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Dan PierceDAN PIERCE
SECRETARY
- Total calculated
- $0
- Hours/week
- 15
-
Camille BlakeCAMILLE BLAKE
SUPERVISORY COMM
- Total calculated
- $0
- Hours/week
- 15
-
Sarita GuillorySARITA GUILLORY
SUPERVISORY COMM
- Total calculated
- $0
- Hours/week
- 0 + 15 related
-
Gary I RuhleGARY I RUHLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Donald Williams SrDONALD WILLIAMS SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Darrell L JensenDARRELL L JENSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Harry R WilliamsHARRY R WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Shirley PellarchySHIRLEY PELLARCHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Kathryn L AshmoreKATHRYN L ASHMORE
SUPERVISORY COMM
- Total calculated
- $0
- Hours/week
- 15
-
Christopher GeigerCHRISTOPHER GEIGER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 15
-
Terrence McGriffTERRENCE MCGRIFF
CHAIRMAN SUP COMM
- Total calculated
- $0
- Hours/week
- 15
-
John J UppercoJOHN J UPPERCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Connie MilitoCONNIE MILITO
SUPERVISORY COMM
- Total calculated
- $0
- Hours/week
- 15
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
None.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MIDFLORIDA TITLE LLC
RELATED · TITLE · FL · 55% owned · general or managing partner
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MIDFLORIDA INSURANCE SERVICES LLC
C Corp · INSURANCE SALES · FL · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432019349300313
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