Totals
- Total revenue
- $365,326
- Total expenses
- $331,353
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $273,422
- Investment income
- $90,420
- Other revenue
- $1,484
- Total assets, end of year
- $13,147,109
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $13,147,109
- Program services expenses (Part IX)
- $226,753
- Management and general expenses
- $104,600
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $226,753
Program services were 68.4% 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 $190,147 · related or exempt $190,147
-
2b · Program service revenue: Fees and Charges
total $83,275 · related or exempt $83,275
-
3 · Investment income
total $90,420 · related or exempt $90,420
-
11a · Other revenue: Insurance Reimbursement
total $1,484 · related or exempt $1,484
-
11e · Other revenue, total
$1,484
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $105,123 · program services $105,123
-
5 · Compensation of officers, directors and key employees
total $48,340 · program services $48,340
-
7 · Other salaries and wages
total $64,026 · program services $64,026
-
10 · Payroll taxes
total $9,264 · program services $9,264
-
11c · Fees: accounting
total $575 · management and general $575
-
11g · Fees: other
total $742 · management and general $742
-
12 · Advertising and promotion
total $2,129 · management and general $2,129
-
13 · Office expenses
total $22,978 · management and general $22,978
-
14 · Information technology
total $30,644 · management and general $30,644
-
16 · Occupancy
total $9,814 · management and general $9,814
-
19 · Conferences, conventions and meetings
total $1,800 · management and general $1,800
-
22 · Depreciation, depletion and amortization
total $22,022 · management and general $22,022
-
23 · Insurance
total $8,860 · management and general $8,860
-
24a · Other expenses: Provision for Loan Losses
total $5,036 · management and general $5,036
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,137,998 · end of year $371,020
-
5 · Loans and receivables from officers and key people
beginning of year $157,702 · end of year $150,727
-
7 · Other notes and loans receivable
beginning of year $4,661,798 · end of year $4,941,916
-
9 · Prepaid expenses and deferred charges
beginning of year $6,699 · end of year $5,936
-
10a · Land, buildings and equipment: cost or other basis
$269,774
-
10b · Land, buildings and equipment: accumulated depreciation
$217,623
-
10c · Land, buildings and equipment, net
beginning of year $74,173 · end of year $52,151
-
12 · Investments: other securities
beginning of year $7,194,539 · end of year $7,613,747
-
15 · Other assets
beginning of year $9,863 · end of year $11,612
-
17 · Accounts payable and accrued expenses
beginning of year $22,781
-
27 · Net assets without donor restrictions
beginning of year $13,219,991 · end of year $13,147,109
Mission and programs · 2022
Mission
To provide quality financial services to 1346 members who share a common bond and to serve the financial health of the members.
-
Revenue is interest on member loans and fees for financial services. Expenses are dividends paid to members on share balance and other related expenses of providing financial services
Expenses $226,753 · Revenue $273,422
As filed on the 2022 return.
Listed in Part VII
-
Ellen Hill
Manager
- Total calculated
- $48,340
- From this org
- $48,340
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
George Skuggen
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Mike Albenese
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
James Barilla
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ken Simone
President
- Total calculated
- $0
- Hours/week
- 3
-
George Leonard
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
John Rumancik
Secretary
- Total calculated
- $0
- Hours/week
- 1.5
-
Mike Morway
Treasurer
- Total calculated
- $0
- Hours/week
- 3
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
- 7 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321729349300712
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