Skip to content
Nonprofiteer
← STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Form 990 for tax year 2023

Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.

Totals

Total revenue
$12,147
Total expenses
$34,660
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,637
Investment income
$8,505
Other revenue
$5
Total assets, end of year
$675,647
Total liabilities, end of year
$496,719
Net assets or fund balances, end of year
$178,928
Program services expenses (Part IX)
$34,660
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$34,660

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 $3,637 · related or exempt $3,637 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $8,505 · related or exempt $8,505 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $5 · related or exempt $5 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $5

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $5,179 · program services $5,179

  • 10 · Payroll taxes

    total $396 · program services $396

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $1,000 · program services $1,000

  • 13 · Office expenses

    total $3,448 · program services $3,448

  • 14 · Information technology

    total $1,066 · program services $1,066

  • 21 · Payments to affiliates

    total $529 · program services $529

  • 23 · Insurance

    total $1,874 · program services $1,874

  • 24a · Other expenses: Provision for Loan loss

    total $19,946 · program services $19,946 · management and general $0 · fundraising $0

  • 24b · Other expenses: Dividends

    total $1,222 · program services $1,222 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $215,892 · end of year $157,829

  • 6 · Loans and receivables from disqualified persons

    beginning of year $133,340 · end of year $96,973

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,097 · end of year $994

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

    $7,698

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

    $7,698

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $359,001 · end of year $414,731

  • 15 · Other assets

    beginning of year $5,259 · end of year $5,120

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,167 · end of year $2,380

  • 25 · Other liabilities

    beginning of year $511,981 · end of year $494,339

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $201,441 · end of year $178,928

Mission and programs · 2023

Mission

This organization provides opportunity for the underserved segment of the population to invest money and receive a competitive return on their investment and make loans to purchase vehicles, etc. at a reasonable rate

Activities or mission (Part I)

This organization provides opportunity for the underserved segment of the population to invest money and receive a competitive return on their investment and make loans to purchase vehicles, etc. at a reasonable rate.

  • This organization provides opportunity for the underserved segment of the population to invest money and receive a competitive return on their investment and make loans to purchase vehicles, etc. at a reasonable rate.

    Expenses $34,660 · Revenue $12,147

  • This organization provides opportunities for the underserved segment of the population to invest money and receive a competitive return on their investment and make loans to purchase vehicles, etc. at a reasonable rate.

As filed on the 2023 return.

Listed in Part VII

  • Carol A Gaines

    Manager

    Total calculated
    $6,128
    From this org
    $3,064
    From related orgs
    $0
    Other
    $3,064
    Hours/week
    6

  • Shirley Auzenne

    Teller

    Total calculated
    $4,230
    From this org
    $2,115
    From related orgs
    $0
    Other
    $2,115
    Hours/week
    5

  • John Cedric Dauphin

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Betty Brown

    Vice-Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Granger

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Constance Auzenne

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Sonya Anderson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Doretha Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Revered Anthony Anala

    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
2023
Filed
8 May 2024
IRS schema version
2023v5.0
Source object
202441319349302534

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.