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Nonprofiteer
← MOWER COUNTY CATHOLIC PARISHES CREDIT UNION

Form 990 for tax year 2023

Filed by MOWER COUNTY CATHOLIC PARISHES CREDIT UNION.

Totals

Total revenue
$347,463
Total expenses
$272,267
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$284,674
Investment income
$62,789
Other revenue
$0
Total assets, end of year
$7,148,877
Total liabilities, end of year
$5,978,797
Net assets or fund balances, end of year
$1,170,080
Program services expenses (Part IX)
$56,355
Management and general expenses
$215,912
Fundraising expenses
$0
Program service expenses (Part III)
$56,355

Program services were 20.7% 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: INTEREST ON LOANS

    total $271,207 · related or exempt $0 · unrelated business $0 · excluded $271,207

  • 2b · Program service revenue: LOAN FEES

    total $11,120 · related or exempt $0 · unrelated business $0 · excluded $11,120

  • 2c · Program service revenue: CREDIT INS, INS.

    total $2,347 · related or exempt $0 · unrelated business $0 · excluded $2,347

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $62,789 · related or exempt $0 · unrelated business $0 · excluded $62,789

  • 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $56,355 · program services $56,355

  • 5 · Compensation of officers, directors and key employees

    total $56,893 · program services $0 · management and general $56,893 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $39,764 · program services $0 · management and general $39,764 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $7,610 · program services $0 · management and general $7,610 · fundraising $0

  • 12 · Advertising and promotion

    total $3,970 · management and general $3,970 · fundraising $0

  • 13 · Office expenses

    total $7,522 · management and general $7,522 · fundraising $0

  • 14 · Information technology

    total $36,367 · management and general $36,367 · fundraising $0

  • 15 · Royalties

    total $17,296 · management and general $17,296 · fundraising $0

  • 16 · Occupancy

    total $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $19,632 · management and general $19,632 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $543 · management and general $543 · fundraising $0

  • 24a · Other expenses: STATE & NATIONAL DUES

    total $4,853 · program services $0 · management and general $4,853 · fundraising $0

  • 24b · Other expenses: PROVISSION FOR LOAN LOSS

    total $18,297 · program services $0 · management and general $18,297 · fundraising $0

  • 24c · Other expenses: FED/SUP EXAM EXAM

    total $3,165 · program services $0 · management and general $3,165 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,000 · end of year $10,000

  • 2 · Savings and temporary cash investments

    beginning of year $2,273,788 · end of year $2,062,522

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,672,264 · end of year $4,983,939

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,747 · end of year $4,167

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

    $28,661

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $28,914 · end of year $28,661

  • 15 · Other assets

    beginning of year $59,588 · end of year $59,588

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,786 · end of year $8,100

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,947,631 · end of year $5,970,697

  • 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 $1,094,884 · end of year $1,170,080

Mission and programs · 2023

Mission

To provide deposit and loan services to our members.

Activities or mission (Part I)

To help members and their families achieve financial freedom, by providing personalized financial services and education. Our most significant activities include deposits and loans.

  • As of 12/31/2023 we have provided 540 loans totaling $5,010,811.46.

  • As of 12/31/2023 we held $5,970,695.97 in share accounts and certificates of deposit to our members.

    Expenses $56,355

  • n/a

As filed on the 2023 return.

Listed in Part VII

  • JESSICA JOHNSON

    PRESIDENT/TREASURER

    Total calculated
    $108,410
    From this org
    $54,205
    From related orgs
    $0
    Other
    $54,205
    Hours/week
    40

  • ANGELA MAIDEN

    SUPERVISORY COMMITTEE CHAIR

    Total calculated
    $799
    From this org
    $0
    From related orgs
    $0
    Other
    $799
    Hours/week
    0

  • KATIE BERGSTROM

    CREDIT MANAGER

    Total calculated
    $293
    From this org
    $0
    From related orgs
    $0
    Other
    $293
    Hours/week
    0

  • JESSICA BLOMBERG

    BOARD MEMBER

    Total calculated
    $203
    From this org
    $0
    From related orgs
    $0
    Other
    $203
    Hours/week
    0

  • DAVID DAHLSTROM

    VICE CHAIR

    Total calculated
    $199
    From this org
    $0
    From related orgs
    $0
    Other
    $199
    Hours/week
    0

  • STEPHEN HOLTORF

    BOARD CAHIR

    Total calculated
    $188
    From this org
    $0
    From related orgs
    $0
    Other
    $188
    Hours/week
    0

  • MARY CLENNON

    BOARD MEMBER

    Total calculated
    $184
    From this org
    $0
    From related orgs
    $0
    Other
    $184
    Hours/week
    0

  • DIANN RAUEN

    SECRETARY

    Total calculated
    $176
    From this org
    $0
    From related orgs
    $0
    Other
    $176
    Hours/week
    0

  • KELSEY RITCHIE

    SUPERVISORY COMMITTEE MEMBER

    Total calculated
    $176
    From this org
    $0
    From related orgs
    $0
    Other
    $176
    Hours/week
    0

  • MARY LIZ HOLTORF

    SUPERVISORY COMMITTEE MEMBER

    Total calculated
    $169
    From this org
    $0
    From related orgs
    $0
    Other
    $169
    Hours/week
    0

  • CYNTHIA ENFIELD

    BOARD MEMBER

    Total calculated
    $161
    From this org
    $0
    From related orgs
    $0
    Other
    $161
    Hours/week
    0

  • SHERRY WEAVER

    BOARD MEMBER

    Total calculated
    $141
    From this org
    $0
    From related orgs
    $0
    Other
    $141
    Hours/week
    0

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
12 February 2024
IRS schema version
2023v5.0
Source object
202411309349302211

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