Form 990 for tax year 2022
Filed by NATIONAL ASSOCIATION OF STATE CREDIT UNION SUPERVISORS.
Totals
- Total revenue
- $3,688,827
- Total expenses
- $3,251,790
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,669,438
- Investment income
- $52,368
- Other revenue
- -$32,979
- Total assets, end of year
- $5,451,952
- Total liabilities, end of year
- $1,959,209
- Net assets or fund balances, end of year
- $3,492,743
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $3,251,790
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: MEMBERSHIP DUES
total $2,959,392 · related or exempt $2,959,392
-
2b · Program service revenue: EDUCATION PROGRAMS
total $481,217 · related or exempt $481,217
-
2c · Program service revenue: ACCREDITATION
total $122,000 · related or exempt $122,000
-
2d · Program service revenue: ANNUAL CONVENTION
total $106,829 · related or exempt $106,829
-
3 · Investment income
total $51,626 · excluded $51,626
-
7a · Gross sales of assets other than inventory
securities $194,973
-
7b · Less cost or other basis and sales expenses
securities $194,231
-
7c · Gain or loss
securities $742
-
7d · Net gain or loss
total $742 · related or exempt $742
-
11a · Other revenue: OTHER INCOME
total $195,100 · related or exempt $195,100
-
11b · Other revenue: UNREALIZED INVESTMENT
total -$228,079 · related or exempt -$228,079
-
11e · Other revenue, total
-$32,979
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,608,473
-
8 · Pension plan contributions
total $42,161
-
9 · Other employee benefits
total $102,748
-
10 · Payroll taxes
total $99,052
-
11b · Fees: legal
total $8,897
-
11c · Fees: accounting
total $12,605
-
11g · Fees: other
total $231,980
-
12 · Advertising and promotion
total $2,591
-
13 · Office expenses
total $39,495
-
16 · Occupancy
total $197,895
-
17 · Travel
total $188,921
-
19 · Conferences, conventions and meetings
total $176,956
-
22 · Depreciation, depletion and amortization
total $29,243
-
23 · Insurance
total $8,429
-
24a · Other expenses: EDUCATION PROGRAM EXPEN
total $205,745
-
24b · Other expenses: MISC. EXPENSE
total $189,939
-
24c · Other expenses: BOARD & STAFF TRAINING
total $65,584
-
24d · Other expenses: RECEPTION EXPENSE
total $24,026
-
24e · All other expenses
total $17,050
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,208,418 · end of year $2,974,580
-
4 · Accounts receivable
beginning of year $225,691 · end of year $232,309
-
9 · Prepaid expenses and deferred charges
beginning of year $191,301 · end of year $210,236
-
10a · Land, buildings and equipment: cost or other basis
$275,366
-
10b · Land, buildings and equipment: accumulated depreciation
$244,278
-
10c · Land, buildings and equipment, net
beginning of year $55,561 · end of year $31,088
-
12 · Investments: other securities
end of year $25,859
-
13 · Investments: program-related
beginning of year $1,780,726 · end of year $1,851,294
-
14 · Intangible assets
beginning of year $0 · end of year $110,629
-
15 · Other assets
beginning of year $15,957 · end of year $15,957
-
17 · Accounts payable and accrued expenses
beginning of year $337,938 · end of year $301,287
-
19 · Deferred revenue
beginning of year $1,019,252 · end of year $1,484,818
-
25 · Other liabilities
beginning of year $64,759 · end of year $173,104
-
27 · Net assets without donor restrictions
beginning of year $3,055,705 · end of year $3,492,743
Mission and programs · 2022
Mission
THE NASCUS MISSION IS TO ENHANCE STATE CREDIT UNION SUPERVISION AND ADVOCATE FOR A SAFE AND SOUND STATE CREDIT UNION SYSTEM. TO ACCOMPLISH THIS MISSION, NASCUS DEFENDS AND PROMOTES THE INTERESTS OF STATE CREDIT UNION REGULATORS AND THE CREDIT UNIONS THEY SUPERVISE THROUGH ADVOCACY AND EDUCATION.
Activities or mission (Part I)
THE NASCUS MISSION IS TO FORGE A VIBRANT DUAL CHARTER SYSTEM BY PROMOTING A RELEVANT, GROWTH-ORIENTED, AND HEALTHY STATE CHARTER OPTION.
-
NATIONAL CONFERENCE FOR MEMBERS FOR EDUCATION AND NETWORKING PURPOSES;ONSITE TRAINING EVENTS FOR PROFESSIONAL DEVELOPMENT AND ONGOING EDUCATION FOR MEMBERS; ONLINE EDUCATIONAL OFFERINGS ON VARIOUS PERTINENT, TIMELY SUBJECTS FOR MEMBERS. NASCUS CONDUCTS THESE ACTIVITIES TO IMPROVE THE SUPERVISION OF STATE-CHARTERED CREDIT UNIONS AND TO FACILITATE THE ADMINISTRATION OF LAWS AND REGULATIONS GOVERNING SUCH INSTITUTIONS. IN 2022, NASCUS CONDUCTED THE MAJORITY OF ITS EVENTS IN-PERSON, WITH SOME VIRTUAL AND HYBRID EVENTS STILL SCHEDULED.
Expenses $3,251,790 · Revenue $3,637,201
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Janet PowellJANET POWELL
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Katie AverillKATIE AVERILL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Denice SchultheissDENICE SCHULTHEISS
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Rose ConnerROSE CONNER
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Yolanda FordYOLANDA FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy HunterAMY HUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Corey KrebsCOREY KREBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian KnightBRIAN KNIGHT
PRESIDENT/CEO
- Total calculated
- $424,173
- From this org
- $385,610
- From related orgs
- $0
- Other
- $38,563
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $384,644
- Bonus
- $0
- Other
- $966
- Deferred
- $12,000
- Nontaxable benefits
- $26,563
- Filer's total
- $424,173
-
Douglas McGuckinDOUGLAS MCGUCKIN
CFO
- Total calculated
- $145,424
- From this org
- $118,207
- From related orgs
- $0
- Other
- $27,217
- Hours/week
- 40
-
Nichole SeabronNICHOLE SEABRON
VP & LEGISLATIVE AND REGULATORY COUNSEL
- Total calculated
- $179,207
- From this org
- $163,147
- From related orgs
- $0
- Other
- $16,060
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,429
- Bonus
- $8,000
- Other
- $718
- Deferred
- $4,635
- Nontaxable benefits
- $11,425
- Filer's total
- $179,207
-
Isaida WooISAIDA WOO
SVP CORPORATE AFFAIRS & EDUCATION
- Total calculated
- $153,512
- From this org
- $137,001
- From related orgs
- $0
- Other
- $16,511
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,745
- Bonus
- $10,000
- Other
- $256
- Deferred
- $3,955
- Nontaxable benefits
- $12,556
- Filer's total
- $153,512
-
Amanda TuckeyAMANDA TUCKEY
VP COMMUNICATIONS
- Total calculated
- $126,880
- From this org
- $123,340
- From related orgs
- $0
- Other
- $3,540
- Hours/week
- 40
-
Liz Beth EvansLIZ BETH EVANS
VP OF STATE PROGRAMS & SPVY POLICY
- Total calculated
- $144,558
- From this org
- $116,654
- From related orgs
- $0
- Other
- $27,904
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NATIONAL INSTITUTE FOR STATE CREDIT UNION EXAMINATION
501(C)(3) · TO SPONSOR EDUCATIONAL PROGRAMS CONCERNING CREDIT UNION SUPERVISION AND RELA · DC · controlled entity
Directly controlled by NASCUS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302089349301120
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