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← STATE CHARTERED CREDIT UNIONS OF FLORIDA

Form 990 for tax year 2022

Filed by STATE CHARTERED CREDIT UNIONS OF FLORIDA.

Totals

Total revenue
$1,525,217
Total expenses
$1,406,860
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$822,887
Investment income
$505,701
Other revenue
$196,629
Total assets, end of year
$44,007,412
Total liabilities, end of year
$40,060,944
Net assets or fund balances, end of year
$3,946,468
Program services expenses (Part IX)
$1,406,860
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,406,860

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 $822,887 · related or exempt $822,887

  • 3 · Investment income

    total $463,437 · related or exempt $463,437

  • 7a · Gross sales of assets other than inventory

    other assets $42,264

  • 7c · Gain or loss

    other assets $42,264

  • 7d · Net gain or loss

    total $42,264 · related or exempt $42,264

  • 11a · Other revenue: OTHER OPERATING INCOME

    total $45,677 · related or exempt $45,677

  • 11b · Other revenue: FEES & CHARGES

    total $142,759 · related or exempt $131,127 · unrelated business $11,632

  • 11c · Other revenue: MISC INCOME

    total $8,193 · related or exempt $8,193

  • 11e · Other revenue, total

    $196,629

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $454,833 · program services $454,833

  • 9 · Other employee benefits

    total $35,240 · program services $35,240

  • 10 · Payroll taxes

    total $34,830 · program services $34,830

  • 19 · Conferences, conventions and meetings

    total $1,357 · program services $1,357

  • 20 · Interest

    total $10 · program services $10

  • 22 · Depreciation, depletion and amortization

    total $47,083 · program services $47,083

  • 24a · Other expenses: SEE ATTACHED SCHEDULE

    total $833,507 · program services $833,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $736,972 · end of year $720,715

  • 2 · Savings and temporary cash investments

    beginning of year $27,461,835 · end of year $27,246,532

  • 4 · Accounts receivable

    beginning of year $53,679 · end of year $128,460

  • 7 · Other notes and loans receivable

    beginning of year $14,261,872 · end of year $14,797,924

  • 9 · Prepaid expenses and deferred charges

    beginning of year $115,867 · end of year $66,028

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

    $1,226,909

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

    $825,299

  • 10c · Land, buildings and equipment, net

    beginning of year $959,684 · end of year $401,610

  • 15 · Other assets

    beginning of year $451,568 · end of year $646,143

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,609 · end of year $62,970

  • 25 · Other liabilities

    beginning of year $40,150,761 · end of year $39,997,974

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,828,107 · end of year $3,946,468

Mission and programs · 2022

Mission

CREDIT UNION

  • EXPENSES NEEDED TO OPERATE & MAINTAIN FINANCIALINSTITUTION FOR MEMBERS

    Expenses $1,406,860

As filed on the 2022 return.

Listed in Part VII

  • C Phillip Springer

    CEO

    Total calculated
    $102,516
    From this org
    $93,212
    From related orgs
    $0
    Other
    $9,304
    Hours/week
    40

  • Hastings Williams Jr

    SECRETARYTREASURER

    Total calculated
    $0
    Hours/week
    10

  • John Griggs

    AUDIT COMM MBR

    Total calculated
    $0
    Hours/week
    10

  • Richard Lundy

    BOARD MBRAUDIT COMM

    Total calculated
    $0
    Hours/week
    10

  • Jim Croft

    BOARD MBRAUDIT COMM PRESIDEN

    Total calculated
    $0
    Hours/week
    10

  • Randall Wyse

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • John Keane

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

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
9 April 2023
IRS schema version
2022v5.0
Source object
202301089349300320

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