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← STATE CHARTERED CREDIT UNIONS IN FLORIDA

Form 990 for tax year 2022

Filed by STATE CHARTERED CREDIT UNIONS IN FLORIDA.

Totals

Total revenue
$632,508
Total expenses
$474,563
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$575,211
Investment income
$57,297
Other revenue
$0
Total assets, end of year
$13,608,713
Total liabilities, end of year
$11,707,923
Net assets or fund balances, end of year
$1,900,790
Program services expenses (Part IX)
$474,563
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$474,563

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: LOAN INCOME

    total $534,364 · related or exempt $534,364

  • 2b · Program service revenue: FEE INCOME

    total $20,585 · related or exempt $20,585

  • 2c · Program service revenue: INSURANCE INCOME

    total $19,618 · related or exempt $19,618

  • 2f · All other program service revenue

    total $644 · related or exempt $644

  • 3 · Investment income

    total $57,297 · related or exempt $57,297

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $73,304 · program services $73,304

  • 7 · Other salaries and wages

    total $111,376 · program services $111,376

  • 8 · Pension plan contributions

    total $20,249 · program services $20,249

  • 9 · Other employee benefits

    total $36,242 · program services $36,242

  • 10 · Payroll taxes

    total -$13,536 · program services -$13,536

  • 11c · Fees: accounting

    total $43,361 · program services $43,361

  • 11g · Fees: other

    total $7,440 · program services $7,440

  • 12 · Advertising and promotion

    total $9,771 · program services $9,771

  • 13 · Office expenses

    total $28,642 · program services $28,642

  • 16 · Occupancy

    total $6,865 · program services $6,865

  • 17 · Travel

    total $277 · program services $277

  • 19 · Conferences, conventions and meetings

    total $1,967 · program services $1,967

  • 20 · Interest

    total $80,987 · program services $80,987

  • 22 · Depreciation, depletion and amortization

    total $10,772 · program services $10,772

  • 23 · Insurance

    total $13,520 · program services $13,520

  • 24a · Other expenses: ASSOCIATION DUES

    total $7,122 · program services $7,122

  • 24b · Other expenses: PROVISION FOR LOAN LOSSES

    total $33,555 · program services $33,555

  • 24e · All other expenses

    total $2,649 · program services $2,649

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,563 · end of year $79,366

  • 2 · Savings and temporary cash investments

    beginning of year $4,600,953 · end of year $3,797,976

  • 4 · Accounts receivable

    beginning of year $40,825 · end of year $46,003

  • 7 · Other notes and loans receivable

    beginning of year $8,086,285 · end of year $9,461,729

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,077 · end of year $13,333

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

    $229,423

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

    $188,747

  • 10c · Land, buildings and equipment, net

    beginning of year $52,320 · end of year $40,676

  • 13 · Investments: program-related

    beginning of year $159,794 · end of year $169,630

  • 17 · Accounts payable and accrued expenses

    beginning of year $350,468 · end of year $46,302

  • 25 · Other liabilities

    beginning of year $10,873,504 · end of year $11,661,621

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,742,845 · end of year $1,900,790

Mission and programs · 2022

Mission

Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive & investments, and other products and services.

Activities or mission (Part I)

PROVIDING A VARIETY OF FINANCIAL SERVICES EXCLUSIVELY TO MEMBERS

  • Providing financial services exclusively to credit union members

    Expenses $474,563 · Revenue $632,508

As filed on the 2022 return.

Listed in Part VII

  • Gladys Roann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Judy Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gwendolyn Reshard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Justin McNeill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kayla McKown

    CEO

    Total calculated
    $73,304
    From this org
    $73,304
    From related orgs
    $0
    Other
    $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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
6 April 2023
IRS schema version
2022v5.0
Source object
202320969349301322

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