Totals
- Total revenue
- $1,916,426
- Total expenses
- $1,684,316
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,882,912
- Investment income
- $41,115
- Other revenue
- -$7,601
- Total assets, end of year
- $2,126,366
- Total liabilities, end of year
- $475,285
- Net assets or fund balances, end of year
- $1,651,081
- Program services expenses (Part IX)
- $431,503
- Management and general expenses
- $1,252,813
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $431,503
Program services were 25.6% 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 $1,312,654 · related or exempt $1,312,654
-
2b · Program service revenue: MANAGEMENT FEES
total $351,011 · related or exempt $351,011
-
2c · Program service revenue: PROGRAM SERVICE REVENU
total $219,247 · related or exempt $219,247
-
3 · Investment income
total $13,052 · excluded $13,052
-
7a · Gross sales of assets other than inventory
other assets $39,701
-
7b · Less cost or other basis and sales expenses
other assets $11,638
-
7c · Gain or loss
other assets $28,063
-
7d · Net gain or loss
total $28,063 · related or exempt $28,063
-
11a · Other revenue: MISC INCOME
total -$7,601 · related or exempt -$7,601
-
11e · Other revenue, total
-$7,601
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $302,385 · program services $120,954 · management and general $181,431
-
7 · Other salaries and wages
total $579,301 · program services $231,720 · management and general $347,581
-
9 · Other employee benefits
total $197,072 · program services $78,829 · management and general $118,243
-
11b · Fees: legal
total $969 · management and general $969
-
11c · Fees: accounting
total $33,039 · management and general $33,039
-
11f · Fees: investment management
total $937 · management and general $937
-
13 · Office expenses
total $38,505 · management and general $38,505
-
16 · Occupancy
total $9,717 · management and general $9,717
-
17 · Travel
total $68,593 · management and general $68,593
-
19 · Conferences, conventions and meetings
total $132,609 · management and general $132,609
-
22 · Depreciation, depletion and amortization
total $13,974 · management and general $13,974
-
23 · Insurance
total $19,243 · management and general $19,243
-
24a · Other expenses: DONATIONS
total $117,636 · management and general $117,636
-
24b · Other expenses: EDUCATION
total $49,336 · management and general $49,336
-
24c · Other expenses: SUBSCRIPTIONS & DUES
total $31,922 · management and general $31,922
-
24d · Other expenses: MEMBER RELATIONS
total $30,856 · management and general $30,856
-
24e · All other expenses
total $58,222 · management and general $58,222
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $717,537 · end of year $961,400
-
2 · Savings and temporary cash investments
beginning of year $100,000 · end of year $100,000
-
4 · Accounts receivable
beginning of year $44,786 · end of year $46,705
-
9 · Prepaid expenses and deferred charges
beginning of year $204,951 · end of year $207,265
-
10a · Land, buildings and equipment: cost or other basis
$132,852
-
10b · Land, buildings and equipment: accumulated depreciation
$52,280
-
10c · Land, buildings and equipment, net
beginning of year $15,962 · end of year $80,572
-
12 · Investments: other securities
beginning of year $742,068 · end of year $730,424
-
15 · Other assets
beginning of year $33,224
-
17 · Accounts payable and accrued expenses
beginning of year $62,456 · end of year $67,963
-
25 · Other liabilities
beginning of year $343,374 · end of year $407,322
-
27 · Net assets without donor restrictions
beginning of year $1,452,698 · end of year $1,651,081
Mission and programs · 2022
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 $431,503
As filed on the 2022 return.
Listed in Part VII
-
Jeremy PrestaJEREMY PRESTA
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Lindsay BeatyLINDSAY BEATY
VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Leslie WomackLESLIE WOMACK
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tom BoosTOM BOOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack LawsonJACK LAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Annamarie DeyoungANNAMARIE DEYOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darci ParsonsDARCI PARSONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracie KenyonTRACIE KENYON
CEO
- Total calculated
- $302,385
- From this org
- $259,807
- From related orgs
- $0
- Other
- $42,578
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $256,531
- Bonus
- $2,088
- Other
- $1,188
- Deferred
- $41,078
- Nontaxable benefits
- $1,500
- Filer's total
- $302,385
-
Karen SmithKAREN SMITH
SVP-CHIEF ADVOCACY OFFICER
- Total calculated
- $113,436
- From this org
- $103,788
- From related orgs
- $0
- Other
- $9,648
- 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, 2022 WAS $169,213.
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.
-
MONTANA CREDIT UNIONS FOR COMMUNITY DEVELOPMENT
501(C)(3) · PROMOTING COMMUNITY DEVELOPMENT AND FINANCIAL EDUCATION IN MONTANA · MT
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
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322159349300332
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