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← STATE CHARTERED CREDIT UNIONS IN FLORIDA

Form 990 for tax year 2022

Filed by STATE CHARTERED CREDIT UNIONS IN FLORIDA.

Totals

Total revenue
$2,892,898
Total expenses
$2,474,877
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,125,192
Investment income
$767,706
Other revenue
$0
Total assets, end of year
$111,946,300
Total liabilities, end of year
$102,408,790
Net assets or fund balances, end of year
$9,537,510
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,474,878

Program services were 0.0% 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: LOAN INCOME

    total $1,574,674 · related or exempt $1,574,674

  • 2b · Program service revenue: FEE INCOME

    total $233,428 · related or exempt $233,428

  • 2c · Program service revenue: CARD INCOME

    total $283,469 · related or exempt $283,469

  • 2d · Program service revenue: INSURANCE RELATED

    total $8,905 · related or exempt $7,705 · unrelated business $1,200

  • 2f · All other program service revenue

    total $24,716 · related or exempt $24,716

  • 3 · Investment income

    total $767,706 · related or exempt $767,706

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $146,058

  • 7 · Other salaries and wages

    total $670,278

  • 8 · Pension plan contributions

    total $60,077

  • 9 · Other employee benefits

    total $204,588

  • 10 · Payroll taxes

    total $64,535

  • 11b · Fees: legal

    total $7,200

  • 11c · Fees: accounting

    total $156,416

  • 11g · Fees: other

    total $14,808

  • 12 · Advertising and promotion

    total $53,275

  • 13 · Office expenses

    total $507,784

  • 16 · Occupancy

    total $31,950

  • 17 · Travel

    total $4,021

  • 19 · Conferences, conventions and meetings

    total $14

  • 20 · Interest

    total $359,117

  • 22 · Depreciation, depletion and amortization

    total $90,195

  • 23 · Insurance

    total $54,658

  • 24a · Other expenses: FLORIDA OFR

    total $29,763

  • 24b · Other expenses: ASSOCIATION DUES

    total $20,140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $611,969 · end of year $547,002

  • 2 · Savings and temporary cash investments

    beginning of year $20,994,484 · end of year $21,280,835

  • 4 · Accounts receivable

    beginning of year $631,143 · end of year $609,010

  • 7 · Other notes and loans receivable

    beginning of year $36,024,555 · end of year $35,843,731

  • 9 · Prepaid expenses and deferred charges

    beginning of year $209,710 · end of year $238,653

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

    $3,105,035

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

    $1,893,540

  • 10c · Land, buildings and equipment, net

    beginning of year $1,300,539 · end of year $1,211,495

  • 11 · Investments: publicly traded securities

    beginning of year $48,007,078 · end of year $50,206,723

  • 13 · Investments: program-related

    beginning of year $1,971,156 · end of year $2,008,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $267,374 · end of year $444,739

  • 25 · Other liabilities

    beginning of year $100,363,771 · end of year $101,964,051

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,119,489 · end of year $9,537,510

Mission and programs · 2022

Mission

Programs of credit unions offering personal financial services exclusively to the members

Activities or mission (Part I)

CREDIT UNION PROGRAMS

  • PROVIDING CREDIT UNION SERVICES TO MEMBERS

    Expenses $2,474,878 · Revenue $2,892,899

As filed on the 2022 return.

Listed in Part VII

  • Donald A Prue

    CEO

    Total calculated
    $146,058
    From this org
    $146,058
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Johnathon E Dehmel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William J Nolan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shawn M Macconnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shawn P McDonnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cara A Smith

    DIRECTOR

    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
27 April 2023
IRS schema version
2022v5.0
Source object
202331179349301928

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