Form 990 for tax year 2023
Filed by CREDIT UNIONS IN THE STATE OF NEW MEXICO.
Totals
- Total revenue
- $319,528
- Total expenses
- $295,528
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $244,049
- Investment income
- $5,887
- Other revenue
- $69,592
- Total assets, end of year
- $5,260,258
- Total liabilities, end of year
- $4,678,216
- Net assets or fund balances, end of year
- $582,042
- Program services expenses (Part IX)
- $295,528
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $295,528
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.
-
2f · All other program service revenue
total $244,049
-
3 · Investment income
total $5,887
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11d · All other revenue
total $69,592
-
11e · Other revenue, total
$69,592
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $89,310 · program services $89,310
-
9 · Other employee benefits
total $1,236 · program services $1,236
-
10 · Payroll taxes
total $7,689 · program services $7,689
-
12 · Advertising and promotion
total $3,150 · program services $3,150
-
13 · Office expenses
total $26,918 · program services $26,918
-
16 · Occupancy
total $9,948 · program services $9,948
-
17 · Travel
total $5,765 · program services $5,765
-
19 · Conferences, conventions and meetings
total $6,295 · program services $6,295
-
22 · Depreciation, depletion and amortization
total $4,460 · program services $4,460
-
23 · Insurance
total $10,936 · program services $10,936
-
24a · Other expenses: Dividends on Savings Accounts and Loan Losses
total $61,256 · program services $61,256
-
24b · Other expenses: Additional Depreciation and Amortization
total $2,888 · program services $2,888
-
24c · Other expenses: Merchant Banking Loan Servicing and ACH
total $46,850 · program services $46,850
-
24d · Other expenses: Professional and Outside Service
total $18,827 · program services $18,827
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $441,368 · end of year $515,002
-
2 · Savings and temporary cash investments
beginning of year $520,803 · end of year $614,361
-
7 · Other notes and loans receivable
beginning of year $3,874,023 · end of year $4,006,909
-
9 · Prepaid expenses and deferred charges
beginning of year $12,954 · end of year $13,205
-
10a · Land, buildings and equipment: cost or other basis
$173,876
-
10b · Land, buildings and equipment: accumulated depreciation
$106,624
-
10c · Land, buildings and equipment, net
beginning of year $72,994 · end of year $67,252
-
15 · Other assets
beginning of year $49,054 · end of year $43,529
-
17 · Accounts payable and accrued expenses
beginning of year $33,172 · end of year $29,894
-
25 · Other liabilities
beginning of year $4,379,982 · end of year $4,648,322
Mission and programs · 2023
Mission
Cooperative savings and lending to members
Activities or mission (Part I)
Savings and loans under Federal Credit Union Act
-
Revenues earned and expenses incurred in servicing member shares and loans under the Federal Credit Union Act
Expenses $295,528 · Revenue $319,528
As filed on the 2023 return.
Listed in Part VII
-
Arthur Romero
President
- Total calculated
- $0
- Hours/week
- 1
-
Shirley Sandoval
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jennie Fresquez
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Montoya
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Nicolas Casados
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Alfrida Valencia in 2024
Office Manager
- Total calculated
- $0
- Hours/week
- 40
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
- 2023
- Filed
- 15 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431169349300043
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