Totals
- Total revenue
- $932,202
- Total expenses
- $887,172
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $708,207
- Investment income
- $223,944
- Other revenue
- $51
- Total assets, end of year
- $24,512,812
- Total liabilities, end of year
- $19,945,220
- Net assets or fund balances, end of year
- $4,567,592
- Program services expenses (Part IX)
- $701,581
- Management and general expenses
- $185,591
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $701,581
Program services were 79.1% 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: LOAN INTEREST
total $550,897 · related or exempt $550,897
-
2b · Program service revenue: SHARE DRAFT INCOME
total $154,918 · related or exempt $154,918
-
2c · Program service revenue: SAFE DEPOSIT INCOME
total $2,050 · related or exempt $2,050
-
2d · Program service revenue: SOUTHWEST CORP DISTRICT
total $342 · related or exempt $342
-
3 · Investment income
total $223,944 · related or exempt $223,944
-
11a · Other revenue: OTHER MISC REVENUE
total $51 · related or exempt $51
-
11e · Other revenue, total
$51
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $215,820 · program services $104,006 · management and general $111,814
-
10 · Payroll taxes
total $16,710 · program services $8,053 · management and general $8,657
-
11b · Fees: legal
total $336 · management and general $336
-
11c · Fees: accounting
total $28,700 · management and general $28,700
-
12 · Advertising and promotion
total $15,397 · program services $15,397
-
13 · Office expenses
total $103,410 · program services $103,410
-
14 · Information technology
total $5,263 · program services $5,263
-
17 · Travel
total $1,749 · program services $1,749
-
19 · Conferences, conventions and meetings
total $12,300 · program services $12,300
-
21 · Payments to affiliates
total $6,629 · program services $6,629
-
22 · Depreciation, depletion and amortization
total $34,387 · program services $10,478 · management and general $23,909
-
23 · Insurance
total $31,079 · program services $18,904 · management and general $12,175
-
24a · Other expenses: LOAN EXPENSES
total $5,466 · program services $5,466
-
24b · Other expenses: SHARE DRAFT EXPENSES
total $180,952 · program services $180,952
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $89,622 · program services $89,622
-
24d · Other expenses: DIVIDEND EXPENSES
total $134,236 · program services $134,236
-
24e · All other expenses
total $5,116 · program services $5,116
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,075,788 · end of year $1,026,915
-
2 · Savings and temporary cash investments
beginning of year $286,236 · end of year $536,864
-
5 · Loans and receivables from officers and key people
beginning of year $2,751 · end of year $79,737
-
6 · Loans and receivables from disqualified persons
beginning of year $24,799 · end of year $33,512
-
7 · Other notes and loans receivable
beginning of year $7,092,289 · end of year $9,492,611
-
9 · Prepaid expenses and deferred charges
beginning of year $40,566 · end of year $49,057
-
10a · Land, buildings and equipment: cost or other basis
$1,617,172
-
10b · Land, buildings and equipment: accumulated depreciation
$510,076
-
10c · Land, buildings and equipment, net
beginning of year $1,127,973 · end of year $1,107,096
-
13 · Investments: program-related
beginning of year $16,089,000 · end of year $12,187,000
-
15 · Other assets
beginning of year $20 · end of year $20
-
17 · Accounts payable and accrued expenses
beginning of year -$19,151 · end of year $16,966
-
25 · Other liabilities
beginning of year $21,236,011 · end of year $19,928,254
-
31 · Retained earnings, endowment or other funds
beginning of year $4,522,562 · end of year $4,567,592
Mission and programs · 2023
Mission
TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST AND PROVIDING OTHER FINANCIAL SERVICES FOR ITS MEMBERS
-
TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST AND PROVIDING OTHER FINANCIAL SERVICES FOR ITS MEMBERS
Expenses $701,581 · Revenue $932,202
As filed on the 2023 return.
Listed in Part VII
-
James FontenotJAMES FONTENOT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jarrod GardinerJARROD GARDINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Rhonda BroussardRHONDA BROUSSARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Michael ReynoldsMICHAEL REYNOLDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Keith CahaninKEITH CAHANIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Ryness LeblancRYNESS LEBLANC
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Jeffrey BouillionJEFFREY BOUILLION
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Tina SimonTINA SIMON
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
- 8 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431349349308493
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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