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Nonprofiteer
← STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Form 990 for tax year 2022

Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.

Totals

Total revenue
$1,263,248
Total expenses
$1,090,823
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$970,745
Investment income
$0
Other revenue
$292,503
Total assets, end of year
$29,327,197
Total liabilities, end of year
$25,372,822
Net assets or fund balances, end of year
$3,954,375
Program services expenses (Part IX)
$1,090,823
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,090,823

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 from Loans

    total $838,019 · related or exempt $838,019

  • 2b · Program service revenue: Fee Income

    total $132,726 · related or exempt $132,726

  • 11a · Other revenue: Other Operating Income

    total $212,148 · related or exempt $212,148

  • 11b · Other revenue: Other NonInterest Incom

    total $80,355 · related or exempt $80,355

  • 11e · Other revenue, total

    $292,503

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $365,357 · program services $365,357

  • 9 · Other employee benefits

    total $67,573 · program services $67,573

  • 10 · Payroll taxes

    total $29,097 · program services $29,097

  • 11b · Fees: legal

    total $6,690 · program services $6,690

  • 11c · Fees: accounting

    total $13,385 · program services $13,385

  • 12 · Advertising and promotion

    total $4,286 · program services $4,286

  • 13 · Office expenses

    total $46,374 · program services $46,374

  • 14 · Information technology

    total $18,265 · program services $18,265

  • 16 · Occupancy

    total $7,084 · program services $7,084

  • 17 · Travel

    total $6,622 · program services $6,622

  • 19 · Conferences, conventions and meetings

    total $150 · program services $150

  • 20 · Interest

    total $165,102 · program services $165,102

  • 22 · Depreciation, depletion and amortization

    total $54,202 · program services $54,202

  • 23 · Insurance

    total $23,130 · program services $23,130

  • 24a · Other expenses: Provision for Loan Loss

    total $15,052 · program services $15,052

  • 24b · Other expenses: ATM Fees

    total $135,722 · program services $135,722

  • 24c · Other expenses: Operating fees

    total $123,352 · program services $123,352

  • 24d · Other expenses: Miscellaneous

    total -$9,128 · program services -$9,128

  • 24e · All other expenses

    total $18,508 · program services $18,508

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,996,732 · end of year $750,247

  • 5 · Loans and receivables from officers and key people

    beginning of year $53,882 · end of year $62,406

  • 7 · Other notes and loans receivable

    beginning of year $13,938,047 · end of year $15,856,695

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

    $1,142,962

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

    $921,334

  • 10c · Land, buildings and equipment, net

    beginning of year $265,437 · end of year $221,628

  • 12 · Investments: other securities

    beginning of year $13,252,143 · end of year $12,030,686

  • 15 · Other assets

    beginning of year $343,634 · end of year $405,535

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,852 · end of year $49,664

  • 25 · Other liabilities

    beginning of year $26,040,073 · end of year $25,323,158

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,781,950 · end of year $3,954,375

Mission and programs · 2022

Mission

To provide affordable financial services to the members.

  • To provide affordable financial services to the members.

    Expenses $1,090,823

As filed on the 2022 return.

Listed in Part VII

  • Janet McDaniel

    CEO

    Total calculated
    $138,537
    From this org
    $138,537
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rodney Feazell

    Board Member

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Robert Despino

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jim Atkins

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Glen Beard

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Ann Brewer

    Secretary Treasurer

    Total calculated
    $0
    Hours/week
    2

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
30 June 2023
IRS schema version
2022v5.0
Source object
202331849349300308

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