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Nonprofiteer
← DEFENSE CREDIT UNION COUNCIL INC

Form 990 for tax year 2022

Filed by DEFENSE CREDIT UNION COUNCIL INC.

Totals

Total revenue
$2,757,338
Total expenses
$2,769,562
Contributions and grants received
$0
Grants paid
$141,929
Program service revenue
$1,065,494
Investment income
$149,503
Other revenue
$1,542,341
Total assets, end of year
$9,557,028
Total liabilities, end of year
$1,140,733
Net assets or fund balances, end of year
$8,416,295
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.

  • 2a · Program service revenue: CONFERENCES

    total $475,330 · excluded $475,330

  • 2b · Program service revenue: MEMBER DUES

    total $374,919 · related or exempt $374,919

  • 2c · Program service revenue: EUROPE SUB-COUNCIL MEETING

    total $195,395 · excluded $195,395

  • 2d · Program service revenue: DEFENSE ISSUES

    total $18,850 · excluded $18,850

  • 2e · Program service revenue: SUBSCRIPTION INCOME

    total $1,000 · related or exempt $1,000

  • 3 · Investment income

    total $64,175 · excluded $64,175

  • 5 · Royalties

    total $96,604 · excluded $96,604

  • 7a · Gross sales of assets other than inventory

    securities $394,170

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

    securities $308,842

  • 7c · Gain or loss

    securities $85,328

  • 7d · Net gain or loss

    total $85,328 · excluded $85,328

  • 11a · Other revenue: INCOME FROM LLC

    total $1,317,747 · unrelated business $1,322,509 · excluded -$4,762

  • 11b · Other revenue: LIQUIDATION PAYMENT

    total $126,111 · excluded $126,111

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $1,879 · related or exempt $1,879

  • 11e · Other revenue, total

    $1,445,737

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $141,929

  • 5 · Compensation of officers, directors and key employees

    total $585,566

  • 7 · Other salaries and wages

    total $315,191

  • 8 · Pension plan contributions

    total $44,797

  • 9 · Other employee benefits

    total $22,866

  • 10 · Payroll taxes

    total $50,368

  • 11b · Fees: legal

    total $5,395

  • 11c · Fees: accounting

    total $63,083

  • 11f · Fees: investment management

    total $33,858

  • 11g · Fees: other

    total $108,024

  • 12 · Advertising and promotion

    total $142,803

  • 13 · Office expenses

    total $25,084

  • 16 · Occupancy

    total $97,137

  • 17 · Travel

    total $245,113

  • 19 · Conferences, conventions and meetings

    total $629,922

  • 22 · Depreciation, depletion and amortization

    total $4,886

  • 23 · Insurance

    total $9,474

  • 24a · Other expenses: UBI TAX PROVISON

    total $172,882

  • 24b · Other expenses: SUBSCRIPTIONS

    total $20,725

  • 24c · Other expenses: PROCESSING FEES

    total $19,863

  • 24d · Other expenses: SPONSORSHIPS

    total $1,425

  • 24e · All other expenses

    total $29,171

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $303,114 · end of year $165,643

  • 2 · Savings and temporary cash investments

    beginning of year $2,318,618 · end of year $1,973,416

  • 4 · Accounts receivable

    beginning of year $34,059 · end of year $118,014

  • 5 · Loans and receivables from officers and key people

    beginning of year $537,656 · end of year $836,542

  • 9 · Prepaid expenses and deferred charges

    beginning of year $264,592 · end of year $341,565

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

    $23,034

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

    $14,602

  • 10c · Land, buildings and equipment, net

    beginning of year $8,283 · end of year $8,432

  • 11 · Investments: publicly traded securities

    beginning of year $6,299,550 · end of year $5,269,099

  • 12 · Investments: other securities

    beginning of year $177,340 · end of year $164,774

  • 15 · Other assets

    beginning of year $19,766 · end of year $679,543

  • 17 · Accounts payable and accrued expenses

    beginning of year $240,310 · end of year $210,057

  • 19 · Deferred revenue

    beginning of year $412,047 · end of year $263,844

  • 25 · Other liabilities

    beginning of year $0 · end of year $666,832

  • 27 · Net assets without donor restrictions

    beginning of year $9,310,621 · end of year $8,416,295

Mission and programs · 2022

Mission

DCUC'S PRIMARY PURPOSE IS TO ASSIST MEMBER CREDIT UNIONS WHOSE FIELD OF MEMBERSHIP INCLUDES A SEGMENT OF MILITARY AND/OR CIVILIAN PERSONNEL OF THE U.S. DEFENSE ESTABLISHMENT.

Activities or mission (Part I)

TO ASSIST MEMBER CREDIT UNIONS OPERATING ON DEPARTMENT OF DEFENSE (DOD) INSTALLATIONS, WHOSE FIELD OF MEMBERSHIP INCLUDES A SEGMENT OF MILITARY AND/OR CIVILIAN PERSONNEL OF THE U.S. DEFENSE ESTABLISHMENT.

  • ASSIST MEMBER CREDIT UNIONS IN: THE UNIQUE PROBLEMS OF A MOBILE MEMBERSHIP, THE PROBLEMS CREATED BY MAJOR PERSONNEL CHANGES, INSTALLATION MISSION CHANGES, INSTALLATION BASE CLOSURES AND REALIGNMENTS BOTH STATESIDE AND OVERSEAS, INTERCOMMUNICATION DEVELOPMENT, FINANCIAL READINESS REQUIREMENTS, AND SUPPORTING AND ASSISTING MEMBER CREDIT UNIONS IN FULFILLING THEIR ROLE ON DOD INSTALLATIONS, I.E. ENHANCING THE MORALE AND WELFARE OF MILITARY PERSONNEL.

  • THE DEFENSE COUNCIL PROVIDES OTHER ACTIVITIES OR BENEFITS TO REPRESENTED CREDIT UNIONS WITH PARTICULAR EMPHASIS ON THE DEVELOPMENT AND COORDINATION OF UNIFORM DOD SUPPORT POLICIES, PROCEDURES, DIRECTIVES, INSTRUCTIONS, AND REGULATIONS AS THEY PERTAIN TO MEMBER CREDIT UNIONS' OPERATIONS, FACILITIES AND SERVICES ON DEPARTMENT OF DEFENSE INSTALLATIONS WORLDWIDE.

  • THE DEFENSE COUNCIL PROVIDES LIAISON WITH THE DEPARTMENT OF DEFENSE AND THE NATIONAL CREDIT UNION ADMINISTRATION ON PROBLEMS UNIQUE TO DEFENSE CREDIT UNIONS. THE DEFENSE COUNCIL ALSO PROVIDES LIAISON TO OTHER FEDERAL AGENCIES, SUCH AS FINANCIAL MANAGEMENT SERVICES, U.S. TREASURY AND OTHER NON-PROFIT ORGANIZATIONS SUCH AS THE MILITARY CHILD EDUCATION COALITION AND MILITARY SPOUSE ADVOCACY NETWORK. ADDITIONALLY, THE COUNCIL LIAISONS WITH THE CREDIT UNION NATIONAL ASSOCIATION, NATIONAL ASSOCIATION OF FEDERAL CREDIT UNIONS AND OTHER CREDIT UNION ORGANIZATIONS.

  • THE DEFENSE CREDIT UNION COUNCIL (DCUC) CONDUCTS AN ANNUAL EDUCATIONAL CONFERENCE, AN ANNUAL ROUNDTABLE FORUM AND AN ANNUAL OVERSEAS SUBCOUNCIL MEETING FOR ITS MEMBERSHIP. THE DCUC SPONSORS A PUBLICATION AND MEMBERSHIP INFORMATION EXCHANGE, AND IS A CHARTERED AND ACTIVE PARTNER OF THE DOD FINANCIAL READINESS AND MILITARY SAVES CAMPAIGNS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anthony Hernandez

    CEO/PRESIDENT

    Total calculated
    $426,215
    From this org
    $389,316
    From related orgs
    $0
    Other
    $36,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,491
    Bonus
    $72,225
    Other
    $9,600
    Deferred
    $14,500
    Nontaxable benefits
    $22,399
    Filer's total
    $426,215

  • Elizabeth Merlo

    VICE PRESIDENT

    Total calculated
    $159,351
    From this org
    $146,243
    From related orgs
    $0
    Other
    $13,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,243
    Bonus
    $13,000
    Other
    $0
    Deferred
    $7,142
    Nontaxable benefits
    $5,966
    Filer's total
    $159,351

  • Bill Birnie

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Jack Fallis

    1ST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Maggie Sayer

    2ND VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Frank Padak

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ron Aoki

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Robin Larsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ryan Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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 · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE CEO IS PERMITTED AND RECEIVED TRAVEL FOR COMPANIONS, WHICH WAS TAXABLE. THE CEO'S DELTA CLUB ANNUAL FEE AND ARMY NAVY CLUB MEMBERSHIP IS PAID FOR BY THE ORGANIZATION. BOTH DUES ARE INCLUDED ON THE CEO'S W-2.

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

Provenance

Return type
form_990
Tax year
2022
Filed
26 September 2023
IRS schema version
2022v5.0
Source object
202333069349302658

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