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← STATE CHARTERED CREDIT UNIONS IN FLORIDA

Form 990 for tax year 2022

Filed by STATE CHARTERED CREDIT UNIONS IN FLORIDA.

Totals

Total revenue
$141,884
Total expenses
$133,600
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$99,820
Investment income
$39,164
Other revenue
$2,900
Total assets, end of year
$5,300,530
Total liabilities, end of year
$4,535,711
Net assets or fund balances, end of year
$764,819
Program services expenses (Part IX)
$133,600
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$133,600

Program services were 100.0% 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.

  • 2a · Program service revenue: LOAN INCOME

    total $74,169 · related or exempt $74,169

  • 2b · Program service revenue: FEE INCOME

    total $23,082 · related or exempt $23,082

  • 2f · All other program service revenue

    total $2,569 · related or exempt $2,569

  • 3 · Investment income

    total $39,164 · related or exempt $39,164

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS NON OPER

    total $2,900 · related or exempt $2,900

  • 11e · Other revenue, total

    $2,900

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $33,198 · program services $33,198

  • 7 · Other salaries and wages

    total $27,526 · program services $27,526

  • 8 · Pension plan contributions

    total $7,171 · program services $7,171

  • 9 · Other employee benefits

    total $271 · program services $271

  • 10 · Payroll taxes

    total $5,073 · program services $5,073

  • 11f · Fees: investment management

    total $1,495 · program services $1,495

  • 11g · Fees: other

    total $7,897 · program services $7,897

  • 12 · Advertising and promotion

    total $1,119 · program services $1,119

  • 13 · Office expenses

    total $28,361 · program services $28,361

  • 16 · Occupancy

    total $4,416 · program services $4,416

  • 19 · Conferences, conventions and meetings

    total $1,073 · program services $1,073

  • 20 · Interest

    total $835 · program services $835

  • 22 · Depreciation, depletion and amortization

    total $4,392 · program services $4,392

  • 23 · Insurance

    total $6,370 · program services $6,370

  • 24a · Other expenses: REGULATORY

    total $1,578 · program services $1,578

  • 24b · Other expenses: PROVISION FOR LOAN LOSSES

    total $2,250 · program services $2,250

  • 24e · All other expenses

    total $575 · program services $575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,557 · end of year $43,685

  • 2 · Savings and temporary cash investments

    beginning of year $3,534,602 · end of year $3,771,811

  • 4 · Accounts receivable

    beginning of year $4,263 · end of year $4,607

  • 7 · Other notes and loans receivable

    beginning of year $1,243,451 · end of year $1,418,607

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,174 · end of year $10,032

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

    $53,683

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

    $44,094

  • 10c · Land, buildings and equipment, net

    beginning of year $11,992 · end of year $9,589

  • 13 · Investments: program-related

    beginning of year $45,193 · end of year $42,199

  • 17 · Accounts payable and accrued expenses

    beginning of year -$275,827 · end of year $6,456

  • 25 · Other liabilities

    beginning of year $4,420,524 · end of year $4,529,255

  • 31 · Retained earnings, endowment or other funds

    beginning of year $756,535 · end of year $764,819

Mission and programs · 2022

Mission

Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive rates on loans & investments, and other products and services.

Activities or mission (Part I)

Providing financial services exclusively to credit union members

  • Providing financial services exclusively to credit union members

    Expenses $133,600 · Revenue $141,884

As filed on the 2022 return.

Listed in Part VII

  • Angela L Wright

    CEO TREASURER

    Total calculated
    $33,198
    From this org
    $33,198
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kenneth Albury

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jovita Morrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Arthur Sweeney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Slattery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
2022
Filed
12 April 2023
IRS schema version
2022v5.0
Source object
202321029349301342

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