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Nonprofiteer
← BUCKS COUNTY EMPLOYEES CREDIT UNION

Form 990 for tax year 2022

Filed by BUCKS COUNTY EMPLOYEES CREDIT UNION.

Totals

Total revenue
$917,894
Total expenses
$772,653
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$253,305
Investment income
$663,766
Other revenue
$823
Total assets, end of year
$45,260,185
Total liabilities, end of year
$211,664
Net assets or fund balances, end of year
$45,048,521
Program services expenses (Part IX)
$772,653
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$772,653

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 Interest

    total $253,305 · related or exempt $253,305 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $663,766 · related or exempt $663,766 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Fees

    total $908 · related or exempt $908 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total -$85 · related or exempt -$85 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $823

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,700 · program services $2,700

  • 7 · Other salaries and wages

    total $132,433 · program services $132,433

  • 10 · Payroll taxes

    total $11,103 · program services $11,103

  • 11c · Fees: accounting

    total $10,485 · program services $10,485

  • 13 · Office expenses

    total $4,542 · program services $4,542

  • 14 · Information technology

    total $5,626 · program services $5,626

  • 20 · Interest

    total $565,631 · program services $565,631

  • 21 · Payments to affiliates

    total $18,340 · program services $18,340

  • 22 · Depreciation, depletion and amortization

    total $1,560 · program services $1,560

  • 23 · Insurance

    total $8,289 · program services $8,289

  • 24a · Other expenses: Loan Loss Expense

    total $6,000 · program services $6,000 · management and general $0 · fundraising $0

  • 24b · Other expenses: Credit Checks

    total $2,654 · program services $2,654 · management and general $0 · fundraising $0

  • 24c · Other expenses: Miscellaneous Operating Expenses

    total $3,290 · program services $3,290 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,235,792 · end of year $894,973

  • 2 · Savings and temporary cash investments

    beginning of year $1,415,550 · end of year $1,011,137

  • 5 · Loans and receivables from officers and key people

    beginning of year $7,623 · end of year $21,836

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,127,645 · end of year $2,088,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,470 · end of year $17,700

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

    $4,420

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

    $3,120

  • 10c · Land, buildings and equipment, net

    beginning of year $2,860 · end of year $1,300

  • 13 · Investments: program-related

    beginning of year $40,612,510 · end of year $41,224,806

  • 17 · Accounts payable and accrued expenses

    beginning of year $110,107 · end of year $211,664

  • 29 · Capital stock, trust principal or current funds

    beginning of year $40,981,997 · end of year $40,568,735

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,334,346 · end of year $4,479,786

Mission and programs · 2022

Mission

To provide savings and loan opportunities to our members

Activities or mission (Part I)

To pool resources and provide savings and loan opportunities to our members.

  • Collect money for purposes of savings and loans

    Expenses $772,653

As filed on the 2022 return.

Listed in Part VII

  • Michael Finkelston

    Treasurer

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Hopkins

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Deppeler

    President

    Total calculated
    $0
    Hours/week
    1

  • Rebekah Barrett

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Caramenico

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Francesmarie Mattia

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Katherine Meyerson

    Board Member

    Total calculated
    $0
    Hours/week
    1

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
2 May 2023
IRS schema version
2022v5.0
Source object
202311239349301916

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