Form 990 for tax year 2022
Filed by STATE CHARTERED CREDIT UNIONS IN FLORIDA.
Totals
- Total revenue
- $1,369,133
- Total expenses
- $1,340,622
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $992,554
- Investment income
- $376,579
- Other revenue
- $0
- Total assets, end of year
- $40,288,490
- Total liabilities, end of year
- $35,311,575
- Net assets or fund balances, end of year
- $4,976,915
- Program services expenses (Part IX)
- $1,340,622
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,340,622
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 $582,007 · related or exempt $582,007
-
2b · Program service revenue: FEE INCOME
total $176,420 · related or exempt $176,420
-
2c · Program service revenue: INSURANCE RELATED
total $5,164 · related or exempt $4,789 · unrelated business $375
-
2d · Program service revenue: CARD INCOME
total $145,575 · related or exempt $145,575
-
2f · All other program service revenue
total $83,388 · related or exempt $83,388
-
3 · Investment income
total $376,579 · related or exempt $376,579
-
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 $83,600 · program services $83,600
-
7 · Other salaries and wages
total $416,947 · program services $416,947
-
9 · Other employee benefits
total $86,488 · program services $86,488
-
10 · Payroll taxes
total $50,437 · program services $50,437
-
11c · Fees: accounting
total $88,606 · program services $88,606
-
11g · Fees: other
total $10,632 · program services $10,632
-
12 · Advertising and promotion
total $15,846 · program services $15,846
-
13 · Office expenses
total $370,124 · program services $370,124
-
16 · Occupancy
total $31,264 · program services $31,264
-
17 · Travel
total $12,260 · program services $12,260
-
19 · Conferences, conventions and meetings
total $14,406 · program services $14,406
-
20 · Interest
total $61,993 · program services $61,993
-
22 · Depreciation, depletion and amortization
total $13,542 · program services $13,542
-
23 · Insurance
total $29,623 · program services $29,623
-
24a · Other expenses: REGULATORY
total $11,509 · program services $11,509
-
24b · Other expenses: ASSOCIATION DUES
total $11,736 · program services $11,736
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $28,658 · program services $28,658
-
24e · All other expenses
total $2,951 · program services $2,951
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $279,506 · end of year $268,994
-
2 · Savings and temporary cash investments
beginning of year $18,109,648 · end of year $13,783,034
-
4 · Accounts receivable
beginning of year $340,978 · end of year $457,583
-
7 · Other notes and loans receivable
beginning of year $13,696,342 · end of year $12,670,320
-
9 · Prepaid expenses and deferred charges
beginning of year $8,344 · end of year $11,353
-
10a · Land, buildings and equipment: cost or other basis
$92,965
-
10b · Land, buildings and equipment: accumulated depreciation
$68,831
-
10c · Land, buildings and equipment, net
beginning of year $14,816 · end of year $24,134
-
11 · Investments: publicly traded securities
beginning of year $7,217,153 · end of year $12,270,444
-
12 · Investments: other securities
beginning of year $157,202 · end of year $17,960
-
13 · Investments: program-related
beginning of year $633,888 · end of year $652,770
-
15 · Other assets
end of year $131,898
-
17 · Accounts payable and accrued expenses
beginning of year $205,424 · end of year $258,661
-
25 · Other liabilities
beginning of year $34,855,498 · end of year $35,052,914
-
31 · Retained earnings, endowment or other funds
beginning of year $5,396,955 · end of year $4,976,915
Mission and programs · 2022
Mission
To provide convenient services, values and education to assist our members in achieving financial health and meet their financial needs in a friendly and personal way.
Activities or mission (Part I)
Providing credit union services
-
PROVIDING CREDIT UNION (FINANCIAL SERVICES) TO MEMBERS
Expenses $1,340,622 · Revenue $1,369,133
As filed on the 2022 return.
Listed in Part VII
-
Kenneth O'LearyKENNETH O'LEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leslie BradyLESLIE BRADY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Edwin NolanEDWIN NOLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steven HarrisSTEVEN HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth BanksKENNETH BANKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Floyd MillerFLOYD MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Timothy BurgerTIMOTHY BURGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan LangleySUSAN LANGLEY
CEO
- Total calculated
- $83,600
- From this org
- $83,600
- 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
- 27 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341179349301654
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