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Nonprofiteer
← MONTANA CREDIT UNIONS FOR COMMUNITY DEVELOPMENT

Form 990 for tax year 2023

Filed by MONTANA CREDIT UNIONS FOR COMMUNITY DEVELOPMENT.

Totals

Total revenue
$174,301
Total expenses
$184,837
Contributions and grants received
$117,335
Grants paid
$0
Program service revenue
$0
Investment income
$19,832
Other revenue
$37,134
Total assets, end of year
$410,584
Total liabilities, end of year
$12,616
Net assets or fund balances, end of year
$397,968
Program services expenses (Part IX)
$134,580
Management and general expenses
$50,257
Fundraising expenses
$0
Program service expenses (Part III)
$134,580

Program services were 72.8% 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.

  • 1d · Related organizations

    $74,160

  • 1f · All other contributions, gifts and grants

    $43,175

  • 3 · Investment income

    total $19,832 · excluded $19,832

  • 8a · Fundraising events: gross income

    $16,824

  • 8b · Fundraising events: direct expenses

    $375

  • 8c · Net income from fundraising events

    total $16,449 · excluded $16,449

  • 11a · Other revenue: OTHER INCOME

    total $20,685 · related or exempt $20,685

  • 11e · Other revenue, total

    $20,685

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $68,000 · program services $36,040 · management and general $31,960

  • 13 · Office expenses

    total $613 · program services $613

  • 14 · Information technology

    total $2,247 · program services $2,247

  • 16 · Occupancy

    total $5,310 · program services $2,816 · management and general $2,494

  • 20 · Interest

    total $14 · program services $14

  • 24a · Other expenses: IDA DISTRIBUTION

    total $46,032 · program services $46,032

  • 24b · Other expenses: WINCENTIVE PRIZES & OTH

    total $28,700 · program services $28,700

  • 24c · Other expenses: TRAINING SERVICES

    total $15,700 · program services $15,700

  • 24d · Other expenses: PROFESSIONAL SERVICES

    total $8,286 · management and general $8,286

  • 24e · All other expenses

    total $9,935 · program services $2,418 · management and general $7,517

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $414,275 · end of year $405,934

  • 4 · Accounts receivable

    beginning of year $6,968 · end of year $4,650

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,739 · end of year $12,616

  • 27 · Net assets without donor restrictions

    beginning of year $13,067 · end of year $28,616

  • 28 · Net assets with donor restrictions

    beginning of year $395,437 · end of year $369,352

Mission and programs · 2023

Mission

TO IMPLEMENT PROGRAMS THROUGH MONTANA CREDIT UNIONS THAT IMPROVE THE SOCIAL AND ECONOMIC WELL-BEING OF MONTANA CONSUMERS.

  • TO PROVIDE TECHNICAL ASSISTANCE THROUGH MONTANA CREDIT UNIONS THAT IMPROVE THE SOCIAL AND ECONOMIC WELL-BEING OF MONTANA CONSUMERS.

    Expenses $104,952

  • TO PROVIDE EDUCATION THROUGH MONTANA CREDIT UNIONS THAT IMPROVE THE SOCIAL AND ECONOMIC WELL-BEING OF MONTANA CONSUMERS.

    Expenses $29,628

As filed on the 2023 return.

Listed in Part VII

  • Jeremy Presta

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lindsay Beaty

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Leslie Womack

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tom Boos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Lawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Annamarie Deyoung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darci Parsons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracie Kenyon

    CEO (THROUGH MAY)

    Total calculated
    $284,561
    From this org
    $0
    From related orgs
    $243,521
    Other
    $41,040
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,789 related
    Bonus
    $0 + $11,792 related
    Other
    $0 + $940 related
    Deferred
    $0 + $39,569 related
    Nontaxable benefits
    $0 + $1,471 related
    Filer's total
    $0 + $284,561 related

  • Gerry Singleton

    CEO (STARTING JUNE)

    Total calculated
    $162,037
    From this org
    $0
    From related orgs
    $149,420
    Other
    $12,617
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,510 related
    Bonus
    $0 + $25,050 related
    Other
    $0 + $860 related
    Deferred
    $0 + $11,250 related
    Nontaxable benefits
    $0 + $1,367 related
    Filer's total
    $0 + $162,037 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

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.

  • LEAGUE SERVICE GROUP

    C · SERVICE AND SUPPLY SALES TO CREDIT UNIONS · MT

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202421369349312597

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