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Nonprofiteer
← MONTANA CREDIT UNIONS LEAGUE

Form 990 for tax year 2023

Filed by MONTANA CREDIT UNIONS LEAGUE.

Totals

Total revenue
$2,053,012
Total expenses
$1,979,941
Contributions and grants received
$0
Grants paid
$86,542
Program service revenue
$1,989,947
Investment income
$85,542
Other revenue
-$22,477
Total assets, end of year
$2,555,134
Total liabilities, end of year
$802,987
Net assets or fund balances, end of year
$1,752,147
Program services expenses (Part IX)
$1,175,488
Management and general expenses
$804,453
Fundraising expenses
$0
Program service expenses (Part III)
$1,175,488

Program services were 59.4% 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.

  • 2a · Program service revenue: MEMBERSHIP FEES

    total $1,442,222 · related or exempt $1,442,222

  • 2b · Program service revenue: MANAGEMENT FEES

    total $313,852 · related or exempt $313,852

  • 2c · Program service revenue: PROGRAM SERVICE REVENU

    total $233,873 · related or exempt $233,873

  • 3 · Investment income

    total $85,542 · excluded $85,542

  • 11a · Other revenue: MISC INCOME

    total -$22,477 · related or exempt -$22,477

  • 11e · Other revenue, total

    -$22,477

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $86,542 · program services $86,542

  • 5 · Compensation of officers, directors and key employees

    total $446,597 · program services $223,299 · management and general $223,298

  • 7 · Other salaries and wages

    total $580,078 · program services $317,215 · management and general $262,863

  • 9 · Other employee benefits

    total $349,167 · program services $188,682 · management and general $160,485

  • 11b · Fees: legal

    total $478 · management and general $478

  • 11c · Fees: accounting

    total $28,721 · management and general $28,721

  • 11f · Fees: investment management

    total $1,223 · management and general $1,223

  • 11g · Fees: other

    total $12,147 · management and general $12,147

  • 13 · Office expenses

    total $38,408 · program services $20,357 · management and general $18,051

  • 16 · Occupancy

    total $9,717 · program services $5,149 · management and general $4,568

  • 17 · Travel

    total $128,627 · program services $89,020 · management and general $39,607

  • 19 · Conferences, conventions and meetings

    total $154,600 · program services $154,600

  • 22 · Depreciation, depletion and amortization

    total $18,045 · program services $9,564 · management and general $8,481

  • 23 · Insurance

    total $19,851 · program services $8,689 · management and general $11,162

  • 24a · Other expenses: SUBSCRIPTIONS & DUES

    total $53,624 · program services $33,549 · management and general $20,075

  • 24b · Other expenses: ADVOCACY

    total $21,145 · program services $21,145

  • 24c · Other expenses: BOARD EXPENSES

    total $11,047 · management and general $11,047

  • 24d · Other expenses: COMMITTEES

    total $9,950 · program services $9,950

  • 24e · All other expenses

    total $9,974 · program services $7,727 · management and general $2,247

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $961,400 · end of year $1,426,960

  • 2 · Savings and temporary cash investments

    beginning of year $100,000 · end of year $100,000

  • 4 · Accounts receivable

    beginning of year $46,705 · end of year $16,816

  • 9 · Prepaid expenses and deferred charges

    beginning of year $207,265 · end of year $245,648

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

    $106,222

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

    $43,695

  • 10c · Land, buildings and equipment, net

    beginning of year $80,572 · end of year $62,527

  • 12 · Investments: other securities

    beginning of year $730,424 · end of year $703,183

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,963 · end of year $122,614

  • 19 · Deferred revenue

    beginning of year $89,671 · end of year $321,396

  • 25 · Other liabilities

    beginning of year $317,651 · end of year $358,977

  • 27 · Net assets without donor restrictions

    beginning of year $1,651,081 · end of year $1,752,147

Mission and programs · 2023

Mission

TO FOSTER THE VITALITY OF AFFILIATED CREDIT UNIONS BY PROVIDING PROGRAMS AND SERVICES TO ENHANCE THEIR ABILITY TO SUCCESSFULLY MEET THE MEMBERS NEEDS.

  • MEMBER SERVICES INCLUDING PUBLICATION OF NEWSLETTERS, CONSULTING SERVICES TO MEMBER CREDIT UNIONS, MONITORING LEGISLATION CONCERNING CREDIT UNIONS, AND PRESENTATION OF SEMINARS FOR MEMBER CREDIT UNIONS.

    Expenses $1,175,488

As filed on the 2023 return.

Listed in Part VII

  • Jeremy Presta

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Lindsay Beaty

    VICE-CHAIRMAN

    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
    $243,521
    From related orgs
    $0
    Other
    $41,040
    Hours/week
    40

    Schedule J breakdown matched by us

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

  • Gerry Singleton

    CEO (STARTING JUNE)

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

    Schedule J breakdown matched by us

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

  • Karen Smith

    SVP-CHIEF ADVOCACY OFFICER

    Total calculated
    $143,613
    From this org
    $132,018
    From related orgs
    $0
    Other
    $11,595
    Hours/week
    40

  • Ranel Smith

    VP-RELATIONSHIP MGMT

    Total calculated
    $111,469
    From this org
    $101,708
    From related orgs
    $0
    Other
    $9,761
    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 · Health or social club dues or initiation fees
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PAYS FOR A COUNTRY CLUB MEMBERSHIP FOR THE CEO TO ENTERTAIN MCUN MEMBERS.
PART I, LINE 1B
THE COUNTRY CLUB MEMBERSHIP WAS APPROVED BY THE BOARD, BUT THERE IS NO WRITTEN POLICY REGARDING THIS PAYMENT.
PART I, LINE 3
THE CEO HAS A WRITTEN EMPLOYMENT CONTRACT THAT IS APPROVED BY THE BOARD.
PART I, LINE 4B
THE ORGANIZATION SPONSORS A 457(B) PLAN FOR THE CEO. THE VALUE OF THE PLAN AT DECEMBER 31, 2023 WAS $210,255. A PLAN WAS STARTED FOR THE NEW CEO, AND THE VALUE OF THAT WAS $12,044 AT DECEMBER 31, 2023.

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.

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 · 100% owned · share of income -$26,693 · share of assets $649,467

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202431369349312598

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