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← CREDIT UNION EXECUTIVES SOCIETY

Form 990 for tax year 2022

Filed by CREDIT UNION EXECUTIVES SOCIETY.

Totals

Total revenue
$12,811,380
Total expenses
$12,762,860
Contributions and grants received
$768,438
Grants paid
$10,050
Program service revenue
$11,737,799
Investment income
$198,779
Other revenue
$106,364
Total assets, end of year
$10,040,973
Total liabilities, end of year
$8,679,914
Net assets or fund balances, end of year
$1,361,059
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.

  • 1f · All other contributions, gifts and grants

    $768,438

  • 2a · Program service revenue: EXECUTIVE EDUCATION AND MEETINGS

    total $5,849,776 · related or exempt $5,849,776

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $4,447,809 · related or exempt $4,447,809

  • 2c · Program service revenue: PRODUCTS AND SERVICES

    total $709,175 · related or exempt $709,175

  • 2d · Program service revenue: PUBLICATIONS ADVERTISING

    total $389,418 · unrelated business $389,418

  • 2e · Program service revenue: INTERNET ADVERTISING

    total $341,242 · unrelated business $341,242

  • 2f · All other program service revenue

    total $379 · related or exempt $379

  • 3 · Investment income

    total $198,779 · excluded $198,779

  • 5 · Royalties

    total $47,005 · excluded $47,005

  • 11a · Other revenue: PROCESSING FEES

    total $29,681 · related or exempt $29,681

  • 11b · Other revenue: MISC INCOME

    total $29,678 · related or exempt $29,678

  • 11e · Other revenue, total

    $59,359

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,050

  • 5 · Compensation of officers, directors and key employees

    total $1,360,996

  • 7 · Other salaries and wages

    total $2,980,454

  • 8 · Pension plan contributions

    total $127,868

  • 9 · Other employee benefits

    total $349,643

  • 10 · Payroll taxes

    total $315,166

  • 11b · Fees: legal

    total $14,329

  • 11c · Fees: accounting

    total $36,220

  • 11f · Fees: investment management

    total $5,963

  • 11g · Fees: other

    total $1,739,516

  • 12 · Advertising and promotion

    total $165,550

  • 13 · Office expenses

    total $266,348

  • 14 · Information technology

    total $4,231

  • 16 · Occupancy

    total $66,729

  • 17 · Travel

    total $461,891

  • 19 · Conferences, conventions and meetings

    total $3,537,090

  • 22 · Depreciation, depletion and amortization

    total $638,393

  • 23 · Insurance

    total $30,102

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $263,899

  • 24b · Other expenses: MEDIA

    total $142,626

  • 24c · Other expenses: PUBLIC RELATIONS

    total $89,702

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $42,013

  • 24e · All other expenses

    total $114,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,113,860 · end of year $748,617

  • 2 · Savings and temporary cash investments

    beginning of year $2,439,033 · end of year $2,404,366

  • 4 · Accounts receivable

    beginning of year $465,413 · end of year $153,025

  • 5 · Loans and receivables from officers and key people

    beginning of year $8,974 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,724,936 · end of year $1,814,925

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

    $7,233,098

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

    $5,331,894

  • 10c · Land, buildings and equipment, net

    beginning of year $1,847,464 · end of year $1,901,204

  • 11 · Investments: publicly traded securities

    beginning of year $611,425 · end of year $2,566,236

  • 14 · Intangible assets

    beginning of year $109,994 · end of year $109,994

  • 15 · Other assets

    beginning of year $0 · end of year $342,606

  • 17 · Accounts payable and accrued expenses

    beginning of year $993,965 · end of year $1,595,035

  • 19 · Deferred revenue

    beginning of year $5,357,273 · end of year $6,117,027

  • 25 · Other liabilities

    beginning of year $611,425 · end of year $967,852

  • 27 · Net assets without donor restrictions

    beginning of year $1,358,436 · end of year $1,361,059

Mission and programs · 2022

Mission

CREDIT UNION EXECUTIVES SOCIETY, INC. (CUES) IS AN INTERNATIONAL MEMBERSHIP ORGANIZATION OF CREDIT UNION CEOS, THEIR DIRECT REPORTS, AND FUTURE LEADER CREDIT UNION EMPLOYEES. CUES' MISSION IS TO EDUCATE AND DEVELOP CREDIT UNION CEOS, DIRECTORS, AND FUTURE LEADERS.

Activities or mission (Part I)

TO EDUCATE AND DEVELOP CREDIT UNION CEOS, DIRECTORS AND FUTURE LEADERS

  • CONFERENCES, SPECIALTY MEETINGS, SEMINARS, AND INSTITUTES CONFERENCES - ANNUAL EVENTS, ORGANIZED AROUND A THEME, FUNCTIONAL ELEMENT OF A CREDIT UNION, OR A SPECIFIC AUDIENCE. CUES CONFERENCES MAY INCLUDE AN EXHIBIT PROGRAM AND ATTRACT ANYWHERE FROM 250 TO 1,500 ATTENDEES. THEY TYPICALLY RUN THREE TO FOUR DAYS IN LENGTH.SPECIALTY MEETINGS - ANNUAL EVENTS AIMED AT A SPECIFIC AUDIENCE OR THEME. THEY ARE USUALLY FOUR DAYS IN LENGTH AND HAVE APPROXIMATELY 100 ATTENDEES.SEMINARS - CUES SEMINAR SERIES ARE RECURRENT EVENTS SCHEDULED AT DIFFERENT TIMES THROUGHOUT THE YEAR, EXPLORING A SINGLE TOPIC OR FUNCTIONAL AREA OF MANAGEMENT IN GREAT DEPTH AND DETAIL. THE FORMAT COMBINES LECTURE, DISCUSSION, AND WORK ASSIGNMENTS IN A HIGHLY INTERACTIVE WORKSHOP SETTING. SEMINARS RUN ONE TO THREE DAYS AND ATTENDANCE IS LIMITED TO APPROXIMATELY 50 PARTICIPANTS PER SEMINAR.INSTITUTES - INSTITUTES ARE ANNUAL, HIGH-LEVEL OFFERINGS DEVELOPED BYTHE CUES UNIVERSITY CONSORTIUM FACULTY AND CUES MEMBER ADVISORY GROUPAND STAFF. MOST CUES INSTITUTES ARE MULTI-TIER, WEEK-LONG PROGRAMS.GRADUATES FROM EACH OF THESE PROGRAMS MAY APPLY FOR A DESIGNATION FROMCUES CERTIFICATIONS PROGRAM RECOGNIZING THEIR ACHIEVEMENT. DUE TO COVID, CUES HELD THEIR FIRST ONLINE INSTITUTE PROGRAM.

  • OTHER PRODUCTS AND SERVICES:CUES MEMBERSHIP - INTERNATIONAL ORGANIZATION DESIGNED EXCLUSIVELY FOR CREDIT UNION EXECUTIVES WITH A WIDE ARRAY OF BENEFITS FOR THE MEMBERS CAREER AND THE CREDIT UNION.CUES-NET - CUES MEMBERS SUBSCRIBE FREE OF CHARGE TO THIS E-MAIL NETWORKING SERVICE TO DISCUSS TIMELY ISSUES WITH OTHER MEMBER SUBSCRIBERS.CUES ON THE INTERNET - 24-HOUR ON-LINE ACCESS TO CUES POWERFULRESOURCES. SCAN IMPORTANT CUES NEWS, POST LISTINGS OF AVAILABLE CREDITUNION JOBS, AND ESTABLISH FREE LINKS TO CREDIT UNION HOME PAGES. THECUES WEBSITE OFFERS A VARIETY OF INTERACTIVE AREAS, PROVIDING ACONVENIENT SOURCE OF INFORMATION, NETWORKING WITH PEERS, AND AMEMBERS-ONLY ARCHIVE OF QUESTIONS AND ANSWERS FROM CUES-NET.CUES COUNCILS - GROUPS OF CUES MEMBERS WHO PROVIDE PEER SUPPORT ANDCLOSE-TO-HOME PROFESSIONAL DEVELOPMENT. ADVANCE CAREER CAPABILITIES ONA CONVENIENT REGIONAL LEVEL.RECOGNITION PROGRAMS - AS PART OF OUR COMMITMENT TO PROFESSIONALDEVELOPMENT, CUES PROVIDES THE OPPORTUNITY FOR RECOGNITION AMONG PEERSBY OFFERING A VARIETY OF DISTINGUISHED AWARDS INCLUDING CUES EXECUTIVEOF THE YEAR, CUES MARKETER OF THE YEAR, CUES OPERATIONS PROFESSIONAL OFTHE YEAR, DIRECTOR OF THE YEAR, AND THE PRESTIGIOUS CUES GOLDEN MIRRORAWARDS.PUBLICATIONS AND ON-LINE SERVICES - DEALING WITH VARIOUS TOPICS -GENERAL MANAGEMENT, BOARD DEVELOPMENT, STRATEGIC PLANNING, HUMANRESOURCES, FINANCE, MARKETING, OPERATIONS, AND LENDING.

  • MAGAZINES AND PUBLICATIONS:CREDIT UNION MANAGEMENT MAGAZINE - INFORMATIVE PUBLICATION DEVOTED EXCLUSIVELY TO TOP CREDIT UNION EXECUTIVES. FILLED WITH TIMELY AND RELEVANT TOPICS IN THE AREAS OF GENERAL MANGEMENT, MARKETING, OPERATIONS, AND HUMAN RESOURCES.

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

Listed in Part VII

  • John Pembroke

    PRESIDENT/CEO

    Total calculated
    $467,138
    From this org
    $438,001
    From related orgs
    $0
    Other
    $29,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $429,693
    Bonus
    $0
    Other
    $8,308
    Deferred
    $8,942
    Nontaxable benefits
    $20,195
    Filer's total
    $467,138

  • Stephanie Teubner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jerry Saalsaa

    SVP/CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $291,765
    From this org
    $264,791
    From related orgs
    $0
    Other
    $26,974
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,791
    Bonus
    $0
    Other
    $0
    Deferred
    $8,168
    Nontaxable benefits
    $18,806
    Filer's total
    $291,765

  • Dawn Abely

    SVP/CHIEF SALES & MEMBER R

    Total calculated
    $287,971
    From this org
    $269,526
    From related orgs
    $0
    Other
    $18,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,526
    Bonus
    $0
    Other
    $7,000
    Deferred
    $7,699
    Nontaxable benefits
    $10,746
    Filer's total
    $287,971

  • Christopher Stevenson

    SVP/CHIEF LEARNING OFFICER

    Total calculated
    $224,619
    From this org
    $199,662
    From related orgs
    $0
    Other
    $24,957
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,662
    Bonus
    $0
    Other
    $0
    Deferred
    $6,071
    Nontaxable benefits
    $18,886
    Filer's total
    $224,619

  • Tony Hill

    SVP/CHIEF MARKETING OFFICER

    Total calculated
    $191,933
    From this org
    $185,418
    From related orgs
    $0
    Other
    $6,515
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,418
    Bonus
    $0
    Other
    $0
    Deferred
    $5,533
    Nontaxable benefits
    $982
    Filer's total
    $191,933

  • Carolyn Cereghino

    VP/SALES & MEMBER RELATIONS

    Total calculated
    $181,049
    From this org
    $166,065
    From related orgs
    $0
    Other
    $14,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,065
    Bonus
    $0
    Other
    $0
    Deferred
    $5,036
    Nontaxable benefits
    $9,948
    Filer's total
    $181,049

  • Tony Covington

    VP OF BUSINESS DEVELOPMENT/TALENTED

    Total calculated
    $143,795
    From this org
    $138,877
    From related orgs
    $0
    Other
    $4,918
    Hours/week
    40

  • Russell Evans

    VP/SALES & MEMBER RELATIONS

    Total calculated
    $164,820
    From this org
    $132,228
    From related orgs
    $0
    Other
    $32,592
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,228
    Bonus
    $0
    Other
    $0
    Deferred
    $3,991
    Nontaxable benefits
    $28,601
    Filer's total
    $164,820

  • Joette Mitchell-Miller

    VP/EXECUTIVE EDUCATIONS

    Total calculated
    $146,601
    From this org
    $124,390
    From related orgs
    $0
    Other
    $22,211
    Hours/week
    40

  • Jimese Harkley

    VP OF MEMBERSHIP

    Total calculated
    $154,606
    From this org
    $122,381
    From related orgs
    $0
    Other
    $32,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,381
    Bonus
    $0
    Other
    $0
    Deferred
    $3,690
    Nontaxable benefits
    $28,535
    Filer's total
    $154,606

  • Richard Romero

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Mark Robnett

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Gerry Agnes

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Binkley

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Kelly Marshall

    DIRECTOR/IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jim Hayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Tiffany Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Deonne Christensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS IS ONLY ALLOWED FOR THE CEO AND ONLY FOR HIS SPOUSE TO TRAVEL WITH HIM TO THE ANNUAL BOARD MEETING. THE COMPANION TRAVEL AMOUNT IS NOT INCLUDED ON HIS W-2. TAX INDEMNIFICATION/GROSS UP PAYMENTS IS IN RELATION TO LIFE INSURANCE PREMIUMS WHICH ARE GROSSED UP AND INCLUDED ON THE EMPLOYEE'S W-2. ALL EMPLOYEES ARE ELIGIBLE FOR LIFE INSURANCE.
PART I, LINES 4A-B
FOR CALENDAR YEAR 2022, TONY COVINGTON RECEIVED SEVERANCE PAYMENTS OF $16,899. FOR CALENDAR YEAR 2022, JOHN PEMBROKE MADE CONTRIBUTIONS OF $6,955.44 TO A CUES OWNED 457B PLAN.

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

  • ST MARKS UNITED METHODIST CHURCH

    $10,000

    JOHN PEMBROKE MEMORIAL FUND

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.

  • CREDIT UNION EXECUTIVES SOCIETY CANADA

    501(C)(6) · PROFESSIONAL MANAGEMENT AND DEVELOPMENT TRAINING · CA · controlled entity

    Directly controlled by CREDIT UNION EXECUTIVES SOCIETY INC

Provenance

Return type
form_990
Tax year
2022
Filed
16 February 2024
IRS schema version
2022v5.0
Source object
202410519349301221

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