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Nonprofiteer
← JOHNSONVILLE TVA EMPLOYEES CREDIT U

Form 990 for tax year 2022

Filed by JOHNSONVILLE TVA EMPLOYEES CREDIT U.

Totals

Total revenue
$5,400,399
Total expenses
$3,942,936
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,985,498
Investment income
$452,537
Other revenue
$962,364
Total assets, end of year
$144,344,492
Total liabilities, end of year
$125,577,082
Net assets or fund balances, end of year
$18,767,410
Program services expenses (Part IX)
$0
Management and general expenses
$3,942,936
Fundraising expenses
$0
Program service expenses (Part III)
$3,942,936

Program services were 0.0% 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 $3,392,448 · related or exempt $3,392,448

  • 2b · Program service revenue: FEE INCOME

    total $593,050 · related or exempt $593,050

  • 3 · Investment income

    total $452,537 · related or exempt $452,537

  • 11a · Other revenue: OTHER OPERATING INCOME

    total $760,728 · related or exempt $760,728

  • 11b · Other revenue: OTHER NON-OPERATING INCOME

    total $201,636 · related or exempt $201,636

  • 11e · Other revenue, total

    $962,364

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,331,860 · management and general $1,331,860

  • 8 · Pension plan contributions

    total $230,608 · management and general $230,608

  • 9 · Other employee benefits

    total $178,610 · management and general $178,610

  • 10 · Payroll taxes

    total $98,602 · management and general $98,602

  • 13 · Office expenses

    total $214,343 · management and general $214,343

  • 16 · Occupancy

    total $112,875 · management and general $112,875

  • 19 · Conferences, conventions and meetings

    total $11,844 · management and general $11,844

  • 20 · Interest

    total $248,127 · management and general $248,127

  • 24a · Other expenses: LOAN SERVICING

    total $772,725 · management and general $772,725

  • 24b · Other expenses: PROF & OUTSIDE SERVICES

    total $534,689 · management and general $534,689

  • 24c · Other expenses: PROVISION FOR LOAN LOSSES

    total $96,000 · management and general $96,000

  • 24d · Other expenses: EDUCATIONAL & PROMO

    total $57,117 · management and general $57,117

  • 24e · All other expenses

    total $55,536 · management and general $55,536

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,610,994 · end of year $8,451,943

  • 2 · Savings and temporary cash investments

    beginning of year $12,579,257 · end of year $32,212,000

  • 4 · Accounts receivable

    beginning of year $75,005,760 · end of year $86,297,625

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,654,985 · end of year $3,589,907

  • 10a · Land, buildings and equipment: cost or other basis

    $2,051,066

  • 10b · Land, buildings and equipment: accumulated depreciation

    $965,121

  • 10c · Land, buildings and equipment, net

    beginning of year $824,047 · end of year $1,085,945

  • 12 · Investments: other securities

    beginning of year $24,466,134 · end of year $11,289,452

  • 15 · Other assets

    beginning of year $1,293,524 · end of year $1,417,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $319,279 · end of year $373,564

  • 25 · Other liabilities

    beginning of year $121,736,307 · end of year $125,203,518

  • 29 · Capital stock, trust principal or current funds

    beginning of year $4,530,876

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,848,239 · end of year $18,767,410

Mission and programs · 2022

Mission

CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 10,257 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

Activities or mission (Part I)

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

  • THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.

    Expenses $3,694,809

  • THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.

    Expenses $248,127

As filed on the 2022 return.

Listed in Part VII

  • Michael Warren

    MANAGER/CEO

    Total calculated
    $139,193
    From this org
    $100,707
    From related orgs
    $0
    Other
    $38,486
    Hours/week
    40

  • John Bond

    VP/FINANCE

    Total calculated
    $91,234
    From this org
    $91,234
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Teena Barnett

    ASSISTANT MA

    Total calculated
    $103,761
    From this org
    $72,913
    From related orgs
    $0
    Other
    $30,848
    Hours/week
    40

  • Jerry Damesworth

    BOD PRESIDEN

    Total calculated
    $0
    Hours/week
    1

  • Raymond A Barnes

    BD VP/SC MEM

    Total calculated
    $0
    Hours/week
    1

  • Sherry Beasley

    BOD MEMBER/

    Total calculated
    $0
    Hours/week
    1

  • Corey Christopher

    BOD TREASURE

    Total calculated
    $0
    Hours/week
    1

  • Brenda Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Jane Triplett

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Eblen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
31 March 2023
IRS schema version
2022v5.0
Source object
202300939349301325

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