Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP FEES

  total $3,355,739 · related or exempt $3,355,739

• 2b · Program service revenue: MEMBERSHIP PROGRAMS

  total $738,647 · related or exempt $738,647

• 3 · Investment income

  total $99,201 · excluded $99,201

• 11a · Other revenue: OTHER INCOME

  total $1,500 · related or exempt $1,500

• 11b · Other revenue: PARTNERSHIP LOSS

  total -$3,009 · unrelated business -$3,009

• 11e · Other revenue, total

  -$1,509

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,933,340

• 7 · Other salaries and wages

  total $460,922

• 8 · Pension plan contributions

  total $63,182

• 9 · Other employee benefits

  total $180,847

• 10 · Payroll taxes

  total $175,387

• 11b · Fees: legal

  total $126,599

• 11c · Fees: accounting

  total $24,741

• 11d · Fees: lobbying

  total $170,060

• 11f · Fees: investment management

  total $28,481

• 11g · Fees: other

  total $380,499

• 12 · Advertising and promotion

  total $595

• 13 · Office expenses

  total $68,408

• 16 · Occupancy

  total $99,933

• 17 · Travel

  total $69,711

• 22 · Depreciation, depletion and amortization

  total $54,954

• 24a · Other expenses: MEMBER PROGRAMS

  total $558,017

• 24b · Other expenses: RECOVERY FROM SFS

  total $163,117

• 24c · Other expenses: BOARD AND COMMITTEES

  total $22,934

• 24d · Other expenses: CUPAC ADMINISTRATION FU

  total $10,841

• 24e · All other expenses

  total $14,175

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,274,309 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $1,669,886 · end of year $0

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $401,168 · end of year $0

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $112,195 · end of year $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $575,275 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $4,541,136 · end of year $0

• 12 · Investments: other securities

  beginning of year $762,512 · end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $408,702 · end of year $0

• 19 · Deferred revenue

  beginning of year $437,090 · end of year $0

• 25 · Other liabilities

  beginning of year $354,938 · end of year $0

• 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 $9,135,751 · end of year $0

The filer's explanations (Part III)

PART I, LINES 4A-B

THE ORGANIZATION ADOPTED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) ON MARCH 28, 2019 TO PROVIDE SUPPLEMENTAL RETIREMENT BENEFITS TO TWO OF THE EXECUTIVES. BRAD DOUGLAS RECEIVED A SEVERANCE PAYMENT.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SHARED FINANCIAL SOLUTIONS

  C · OPERATIONAL SUPPORT FOR CREDIT UNION · KS · 100% owned · share of income $5,847,104 · share of assets $10,474,411 · controlled entity

  Directly controlled by HEARTLAND CREDIT UNION ASSOCIATION

• CREDIT UNION POLITICAL ACTION COMMITTEE OF MISSORI

  C · PROMOTE CREDIT UNION DEVELOPMENT AND SUPPORT MISSOURI · MO

• CREDIT UNION POLITICAL ACTION COMMITTEE OF KANSAS

  C · PROMOTE CREDIT UNION DEVELOPMENT AND SUPPORT KANSAS · KS