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Nonprofiteer
← LEAGUE OF SOUTHEASTERN CREDIT UNIONS

Form 990 for tax year 2022

Filed by LEAGUE OF SOUTHEASTERN CREDIT UNIONS.

Totals

Total revenue
$6,291,237
Total expenses
$6,008,260
Contributions and grants received
$9,105
Grants paid
$867,726
Program service revenue
$4,995,032
Investment income
$40,426
Other revenue
$1,246,674
Total assets, end of year
$45,129,409
Total liabilities, end of year
$3,965,307
Net assets or fund balances, end of year
$41,164,102
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1c · Fundraising events

    $9,105

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $4,956,857 · related or exempt $4,956,857

  • 2b · Program service revenue: OTHER

    total $38,175 · related or exempt $38,175

  • 3 · Investment income

    total $36,406 · excluded $36,406

  • 7a · Gross sales of assets other than inventory

    other assets $4,020

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $4,020

  • 7d · Net gain or loss

    total $4,020 · excluded $4,020

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $9,105

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $506,936

  • 10b · Cost of goods sold

    $1,081,880

  • 10c · Net income from sales of inventory

    total -$574,944 · related or exempt -$574,944

  • 11a · Other revenue: SCHOOLS AND CONFERENCES

    total $1,819,881 · excluded $1,819,881

  • 11b · Other revenue: SPECIAL PROJECTS

    total $1,737 · excluded $1,737

  • 11e · Other revenue, total

    $1,821,618

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $867,726

  • 11a · Fees: management

    total $2,785,172

  • 11b · Fees: legal

    total $382

  • 11c · Fees: accounting

    total $373,706

  • 11g · Fees: other

    total $245,840

  • 12 · Advertising and promotion

    total $186,598

  • 13 · Office expenses

    total $51,210

  • 14 · Information technology

    total $243,496

  • 16 · Occupancy

    total $295,639

  • 17 · Travel

    total $380,095

  • 19 · Conferences, conventions and meetings

    total $93,609

  • 22 · Depreciation, depletion and amortization

    total $10,563

  • 23 · Insurance

    total $46,084

  • 24a · Other expenses: ASSOCIATION DUES

    total $337,244

  • 24b · Other expenses: TAX & LICENSES

    total $15,709

  • 24c · Other expenses: SECURITY

    total $4,070

  • 24d · Other expenses: DEVELOPMENT

    total $1,738

  • 24e · All other expenses

    total $69,379

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,961,088 · end of year $5,947,785

  • 4 · Accounts receivable

    beginning of year $84,031 · end of year $193,784

  • 9 · Prepaid expenses and deferred charges

    beginning of year $313,284 · end of year $93,872

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

    $65,437

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

    $60,652

  • 10c · Land, buildings and equipment, net

    beginning of year $15,348 · end of year $4,785

  • 15 · Other assets

    beginning of year $36,387,007 · end of year $38,889,183

  • 17 · Accounts payable and accrued expenses

    beginning of year $841,904 · end of year $1,197,582

  • 19 · Deferred revenue

    beginning of year $1,482,452 · end of year $1,911,272

  • 25 · Other liabilities

    beginning of year $0 · end of year $856,453

  • 27 · Net assets without donor restrictions

    beginning of year $36,411,395 · end of year $40,164,780

  • 28 · Net assets with donor restrictions

    beginning of year $1,025,007 · end of year $999,322

Mission and programs · 2022

Mission

TO CREATE AN ENVIRONMENT THAT ENABLES CREDIT UNIONS TO GROW AND SUCCEED.

Activities or mission (Part I)

PROMOTE ADVANCEMENT AND SUCCESS OF CREDIT UNIONS THROUGH ADVOCACY, INFORMATION AND EDUCATION.

  • CREDIT UNIONS AND OFFICIALS. DEVELOPING CREDIT UNION PROGRAMS AVAILABLE LEAGUE OF SOUTHEASTERN CREDIT UNIONS 94-3458406 RESEARCH, INFORMATION, AND TECHNICAL SERVICES. ECONOMIC NEWSLETTER TO CREDIT UNIONS. CRISIS TEAM ASSISTANCE AVAILABLE TO CREDIT UNIONS.

  • COMMUNICATIONS, PUBLIC RELATIONS, PLANNING. BI-WEEKLY GENERAL INFORMATION LETTER TO CREDIT UNIONS AND OFFICIALS. STRATEGIC PLANNING SESSIONS FOR CREDIT UNIONS AROUND STATES. NEWS RELEASES AND ISSUES AFFECTING CREDIT UNIONS.

  • HUMAN RESOURCE DEVELOPMENT AND EDUCATION.

As filed on the 2022 return.

Listed in Part VII

  • Kevin Johnson

    CHAIR THROUGH JUNE 2022

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Henry Armstrong

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hank Halter

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Skaggs

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Clampett

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tina Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Akin

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tim Antonition

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Caryl Greene

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stacie Branch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jan Page

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chris Leggett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ola Anise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Ott Wood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sharon Downing

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brad Green

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Roy Bibb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bobby Michael

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Moseley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andy Harris

    TRUSTEE THROUGH JUNE 2022

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joe McGee

    TRUSTEE THROUGH JUNE 2022

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Lapine

    CEO

    Total calculated
    $959,439
    From this org
    $0
    From related orgs
    $844,537
    Other
    $114,902
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $627,638 related
    Bonus
    $0 + $203,574 related
    Other
    $0 + $13,325 related
    Deferred
    $0 + $92,896 related
    Nontaxable benefits
    $0 + $22,006 related
    Filer's total
    $0 + $959,439 related

  • Samantha Beeler

    PRESIDENT LEAGUE

    Total calculated
    $386,599
    From this org
    $0
    From related orgs
    $264,378
    Other
    $122,221
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,910 related
    Bonus
    $0 + $58,750 related
    Other
    $0 + $17,718 related
    Deferred
    $0 + $113,957 related
    Nontaxable benefits
    $0 + $8,264 related
    Filer's total
    $0 + $386,599 related

  • Dr Wen Hemingway

    CFO

    Total calculated
    $352,505
    From this org
    $0
    From related orgs
    $277,835
    Other
    $74,670
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,285 related
    Bonus
    $0 + $55,000 related
    Other
    $0 + $550 related
    Deferred
    $0 + $71,318 related
    Nontaxable benefits
    $0 + $3,352 related
    Filer's total
    $0 + $352,505 related

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

  • 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 4B
PATRICK LAPINE HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $68,969 IN 2022. DR. WEN HEMINGWAY HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $45,558 IN 2022. SAMANTHA BEELER HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $95,000 IN 2022.

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

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.

  • ALABAMA CREDIT UNION LEGISLATIVE ACTION COMMITTEE

    527 · POLITICAL COMMITTEE · AL · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

  • SOUTHEASTERN CREDIT UNION FOUNDATION

    501(C)(3) · CHARITABLE ORGANIZATIONS · FL · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

  • FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE

    527 · POLITICAL COMMITTEE · FL · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

  • GEORGIA CREDIT UNION POLITICAL ACTION COMMITTEE

    527 · POLITICAL COMMITTEE · GA · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AFFILIATES CONSOIDATED SERVICES LLC

    HOLDING CO · FL · 100% owned · share of income -$1,818,849 · share of assets $40,244,039

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CREDIT UNION VENDOR MANAGEMENT

    C · FNCL SVCS · FL · 51% owned · share of income $127,656 · share of assets $429,910 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • COMMON BOND TITLE OF FL

    C · TITLE SVCS · FL · 100% owned · share of income -$989,956 · share of assets $1,100,759 · controlled entity

    Directly controlled by COMMON BOND TITLE LLC

  • LEVERAGE BUSINESS LENDING LLC

    C · FNCL SVCS · FL · 51% owned · share of income $1,025,435 · share of assets $5,375,967 · controlled entity

    Directly controlled by LSCU SERVICE CORPORATION INC

  • CU AUDIT AND COMPLIANCE GROUP

    C · FNCL SVCS · FL · 100% owned · share of income $1,457,142 · share of assets $2,348,522 · controlled entity

    Directly controlled by LSCU SERVICE CORPORATION INC

  • CSI ASSETS LLC

    C · FNCL SVCS · FL · 100% owned · share of income $1,269,700 · share of assets $2,222,299 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • MEMBERS ATM ALLIANCE LLC

    C · FNCL SVCS · FL · 68.73% owned · share of income -$3,801 · share of assets $2,679,141 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • GEORGIA CREDIT UNION AFFILIATES

    C · HOLDING CO · GA · 100% owned · share of income $29,209 · share of assets $3,007,558 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • LEVERAGE PAYMENT SOLUTIONS

    C · FNCL SVCS · FL · 100% owned · share of income $2,010,657 · share of assets $10,541,111 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • GROWTH BY DESIGN INC

    C · FNCL SVCS · FL · 100% owned · share of income -$378,854 · share of assets $449,751 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • COMMON BOND TITLE LLC

    C · FNCL SVCS · FL · 100% owned · share of income -$989,956 · share of assets $1,100,759 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • SHARED COOPERATIVE SERVICES LLC

    C · FNCL SVCS · FL · 100% owned · share of income $324,274 · share of assets $529,713 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • GETTINGAHEAD ASSOCIATION INC

    C · FNCL EDUCATION · GA · 100% owned · share of income $13,252 · share of assets $102,383 · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

  • LSCU SERVICE CORPORATION INC

    C · FNCL SVCS · FL · 100% owned · share of income $948,550 · share of assets $16,896,144 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202333139349305923

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