Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Interest on Loans

  total $29,089,263 · related or exempt $29,089,263

• 2b · Program service revenue: Fees and Charges

  total $7,174,178 · related or exempt $7,174,178

• 2f · All other program service revenue

  total $7,071,397 · related or exempt $7,071,397

• 3 · Investment income

  total $6,593,538 · excluded $6,593,538

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

  other assets $930

• 7c · Gain or loss

  other assets -$930

• 7d · Net gain or loss

  total -$930 · excluded -$930

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,500

• 2 · Grants to domestic individuals

  total $58,000

• 5 · Compensation of officers, directors and key employees

  total $1,720,796

• 7 · Other salaries and wages

  total $10,977,079

• 8 · Pension plan contributions

  total $671,716

• 9 · Other employee benefits

  total $1,149,336

• 10 · Payroll taxes

  total $1,023,259

• 11b · Fees: legal

  total $37,803

• 11c · Fees: accounting

  total $105,275

• 11g · Fees: other

  total $532,853

• 12 · Advertising and promotion

  total $2,358,454

• 13 · Office expenses

  total $596,291

• 14 · Information technology

  total $1,978,675

• 16 · Occupancy

  total $535,051

• 17 · Travel

  total $60,244

• 19 · Conferences, conventions and meetings

  total $179,075

• 20 · Interest

  total $3,432,844

• 22 · Depreciation, depletion and amortization

  total $3,374,386

• 23 · Insurance

  total $2,061,565

• 24a · Other expenses: ATM Processing

  total $1,822,891

• 24b · Other expenses: Maintenance

  total $1,718,292

• 24c · Other expenses: Provision for Loan Loss

  total $1,563,203

• 24d · Other expenses: Loan Servicing

  total $912,853

• 24e · All other expenses

  total $1,784,909

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $228,774,199 · end of year $71,323,085

• 2 · Savings and temporary cash investments

  beginning of year $4,222,233 · end of year $4,257,775

• 4 · Accounts receivable

  beginning of year $1,908,973 · end of year $2,636,173

• 5 · Loans and receivables from officers and key people

  beginning of year $7,659,864 · end of year $7,845,210

• 7 · Other notes and loans receivable

  beginning of year $592,859,347 · end of year $780,359,282

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,364,331 · end of year $6,994,298

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

  $26,778,246

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

  $10,619,895

• 10c · Land, buildings and equipment, net

  beginning of year $16,987,125 · end of year $16,158,351

• 11 · Investments: publicly traded securities

  beginning of year $257,832,410 · end of year $235,346,430

• 15 · Other assets

  beginning of year $16,234,581 · end of year $26,846,387

• 17 · Accounts payable and accrued expenses

  beginning of year $9,071,843 · end of year $11,790,719

• 20 · Tax-exempt bond liabilities

  beginning of year $264,047 · end of year $256,358

• 23 · Secured mortgages and notes payable

  end of year $28,000,000

• 25 · Other liabilities

  beginning of year $1,033,253,064 · end of year $1,041,535,943

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 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 $88,254,109 · end of year $70,183,971

The filer's explanations (Part III)

Part I, Line 4b

Scott Arkills. The organization deposited funds into a life insurance policy on the participant's life. During life, and subject to the policy generating sufficient values, the participant can borrow from the policy. At death, the organization recovers its premiums plus interest plus additional key-person insurance proceeds.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Silver State Schools Service Company LLC

  Mortgage Services · NV · income $1,273,244 · assets $16,067,774

  Directly controlled by Silver State Schools Credit Union