Form 990 for tax year 2024
Filed by TENNESSEE CREDIT UNION LEAGUE INC.
Totals
- Total revenue
- $1,566,962
- Total expenses
- $1,950,293
- Contributions and grants received
- $1,143,491
- Grants paid
- $0
- Program service revenue
- $193,738
- Investment income
- $163,861
- Other revenue
- $65,872
- Total assets, end of year
- $7,887,295
- Total liabilities, end of year
- $1,035,498
- Net assets or fund balances, end of year
- $6,851,797
- Program services expenses (Part IX)
- $1,471,342
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 75.4% 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.
-
1b · Membership dues
$1,143,491
-
2a · Program service revenue: MEETINGS & EDUC PRGMS
total $193,738 · related or exempt $193,738
-
3 · Investment income
total $163,861 · related or exempt $163,861
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $65,872 · related or exempt $65,872
-
11e · Other revenue, total
$65,872
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $478,951
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $11,751 · program services $11,751
-
11a · Fees: management
total $979,244 · program services $979,244
-
11b · Fees: legal
total $60,028 · program services $60,028
-
11c · Fees: accounting
total $13,425 · program services $13,425
-
11d · Fees: lobbying
total $52,821 · program services $52,821
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $21,627 · program services $21,627
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $33,893 · program services $33,893
-
13 · Office expenses
total $28,611 · program services $28,611
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $19,360 · program services $19,360
-
17 · Travel
total $148,219 · program services $148,219
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Printing and Publications
total $68,925 · program services $68,925
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $23,688 · program services $23,688
-
24c · Other expenses: EQUIPMENT LEASE
total $5,600 · program services $5,600
-
24d · Other expenses: SCHOLARSHIP EXPENSE
total $4,150 · program services $4,150
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $700,155 · end of year $1,095,315
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $4,057 · end of year $22,344
-
5 · Loans and receivables from officers and key people
beginning of year $1,638,844 · end of year $1,638,844
-
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 $28,436 · end of year $49,704
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,589,442 · end of year $4,261,088
-
12 · Investments: other securities
beginning of year $820,000 · end of year $820,000
-
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 $78,909 · end of year $97,242
-
19 · Deferred revenue
beginning of year $795,406 · end of year $938,256
-
27 · Net assets without donor restrictions
beginning of year $6,783,754 · end of year $6,721,416
-
28 · Net assets with donor restrictions
beginning of year $122,865 · end of year $130,381
Mission and programs · 2024
Mission
THE PURPOSE OF THE TRADE ASSOCIATION IS TO PROVIDE AN ORGANIZED AND AUTHORITATIVE VOICE FOR THE CREDIT UNIONS OF TENNESSEE IN DEALING WITH REGULATORY ISSUES? PROVIDING EDUCATION AND TRAINING NECESSARY FOR AN EFFECTIVE CREDIT UNION MOVEMENT? AND PROVIDING OTHER NEEDED SERVICES.
-
TENNESSEE CREDIT UNION LEAGUE REPRESENTS APPROXIMATELY 130 MEMBER CREDIT UNIONS SERVED ON A STATEWIDE BASIS AND A REGIONAL BASIS THROUGH 7 REGIONAL CHAPTERS. MEMBERS HAVE ACCESS TO EDUCATIONAL PROGRAMS, MEETINGS, SERVICES AND INFORMATION.
As filed on the 2024 return.
Listed in Part VII
-
Fred E RobinsonFRED E ROBINSON
President
- Total calculated
- $478,951
- From this org
- $412,059
- From related orgs
- $0
- Other
- $66,892
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $377,059
- Bonus
- $35,000
- Other
- not reported
- Deferred
- $38,499
- Nontaxable benefits
- $28,393
- Filer's total
- $478,951
-
Laura ParhamLAURA PARHAM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jessica GrosticJESSICA GROSTIC
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Shelly BrownSHELLY BROWN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dawn GraeterDAWN GRAETER
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Joel ForbesJOEL FORBES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carter RidgwayCARTER RIDGWAY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amy BanksAMY BANKS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian TrotterBRIAN TROTTER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark FrakerMARK FRAKER
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia DunnCYNTHIA DUNN
Vice President
- Total calculated
- $0
- 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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CU SERVICES INC
C · CREDIT UNION PRODUCTS, SERVICES · TN · 100% owned · controlled entity
-
LEAGUE CAPITAL INC
C · CREDIT UNION PRODUCTS, SERVICES · TN · 100% owned · controlled entity
-
POINT ROCK GROUP INC
C · CREDIT UNION PRODUCTS, SERVICES · TN · 100% owned · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511079349300931
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