Totals
- Total revenue
- $4,440,263
- Total expenses
- $3,112,477
- Contributions and grants received
- $2,085
- Grants paid
- $0
- Program service revenue
- $3,631,111
- Investment income
- $619,740
- Other revenue
- $187,327
- Total assets, end of year
- $80,324,321
- Total liabilities, end of year
- $68,774,476
- Net assets or fund balances, end of year
- $11,549,845
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$2,085
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Member (Owner) Loan Interest
total $2,619,170 · related or exempt $2,619,170 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Member Service Fee
total $1,011,941 · related or exempt $1,011,941 · 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 $619,740 · related or exempt $619,740 · 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
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: Other Operating Income
total $187,327 · related or exempt $187,327 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$187,327
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $94,229
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $749,586
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $223,446
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $19,517
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $11,166
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $45,069
-
13 · Office expenses
total $139,300
-
14 · Information technology
total $600,603
-
15 · Royalties
total $0
-
16 · Occupancy
total $83,056
-
17 · Travel
total $9,606
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $7,212
-
20 · Interest
total $47
-
21 · Payments to affiliates
total $13,146
-
22 · Depreciation, depletion and amortization
total $105,547
-
23 · Insurance
total $36,763
-
24a · Other expenses: Member (Owner) Dividends & Interest
total $769,492
-
24b · Other expenses: Member (Owner) Loan Servicing
total $192,033
-
24c · Other expenses: Miscellaneous Expenses
total $12,659
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $770,657 · end of year $689,253
-
4 · Accounts receivable
beginning of year $54,822,654 · end of year $56,551,225
-
9 · Prepaid expenses and deferred charges
beginning of year $2,481,705 · end of year $2,454,158
-
10a · Land, buildings and equipment: cost or other basis
$3,940,805
-
10b · Land, buildings and equipment: accumulated depreciation
$1,694,722
-
10c · Land, buildings and equipment, net
beginning of year $2,337,646 · end of year $2,246,083
-
13 · Investments: program-related
beginning of year $21,565,381 · end of year $18,383,602
-
17 · Accounts payable and accrued expenses
beginning of year $499,178 · end of year $347,279
-
25 · Other liabilities
beginning of year $71,442,192 · end of year $68,427,197
-
29 · Capital stock, trust principal or current funds
beginning of year $2,571,498 · end of year $2,815,918
-
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 $7,465,175 · end of year $8,733,927
Mission and programs · 2023
Mission
See Form 990, Page 1, Part 1, Line 1
Activities or mission (Part I)
To provide financial services to approximately 6,985 members (owners) in the form of financial counseling, loans, IRA's, deposit accounts, etc...
-
See Form 990, page 1, Part 1, Line 1
As filed on the 2023 return.
Listed in Part VII
-
Walter Salyers
President/CEO
- Total calculated
- $94,229
- From this org
- $94,229
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 40 related
-
Christine Grant
Chairperson
- Total calculated
- $0
- Hours/week
- 2
-
Larry Gullion
Director
- Total calculated
- $0
- Hours/week
- 1
-
Hollis Anderson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Taylor
Vice-Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Bryce Castle
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jack Parsons
Director
- Total calculated
- $0
- Hours/week
- 1
-
Billy White
Director
- 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
- 2023
- Filed
- 10 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441319349304659
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