Totals
- Total revenue
- $29,514,851
- Total expenses
- $25,000,066
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $28,033,911
- Investment income
- $1,368,059
- Other revenue
- $112,881
- Total assets, end of year
- $637,609,134
- Total liabilities, end of year
- $558,025,543
- Net assets or fund balances, end of year
- $79,583,591
- 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.
-
2a · Program service revenue: INTEREST ON LOANS
total $19,507,122 · related or exempt $19,507,122
-
2b · Program service revenue: SERVICE FEES
total $3,332,426 · related or exempt $2,221,223 · unrelated business $1,111,203
-
2c · Program service revenue: NET GAIN ON SALES OF LOANS
total $3,043,169 · related or exempt $3,043,169
-
2d · Program service revenue: INSURANCE INCOME
total $362,151 · related or exempt $362,151
-
2e · Program service revenue: EXTENDED WARRANTIES
total $50,487 · unrelated business $50,487
-
2f · All other program service revenue
total $1,738,556 · related or exempt $1,626,786 · unrelated business $111,770
-
3 · Investment income
total $2,160,587 · excluded $2,160,587
-
6a · Gross rents
real property $112,881
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $112,881
-
6d · Net rental income or loss
total $112,881 · excluded $112,881
-
7b · Less cost or other basis and sales expenses
securities $34,034 · other assets $758,494
-
7c · Gain or loss
securities -$34,034 · other assets -$758,494
-
7d · Net gain or loss
total -$792,528 · excluded -$792,528
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $530,482
-
7 · Other salaries and wages
total $11,431,143
-
8 · Pension plan contributions
total $589,673
-
9 · Other employee benefits
total $1,065,221
-
10 · Payroll taxes
total $687,718
-
11g · Fees: other
total $72,123
-
12 · Advertising and promotion
total $593,023
-
13 · Office expenses
total $3,075,405
-
16 · Occupancy
total $1,217,637
-
17 · Travel
total $174,388
-
20 · Interest
total $2,422,328
-
22 · Depreciation, depletion and amortization
total $1,109,835
-
24a · Other expenses: VISA
total $903,272
-
24b · Other expenses: PROFESSIONAL FEES
total $514,402
-
24c · Other expenses: LOAN SERVICE EXPENSE
total $316,093
-
24d · Other expenses: MISC
total $188,138
-
24e · All other expenses
total $109,185
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,369,691 · end of year $11,675,120
-
2 · Savings and temporary cash investments
beginning of year $147,427,657 · end of year $90,278,902
-
7 · Other notes and loans receivable
beginning of year $445,221,422 · end of year $508,471,565
-
9 · Prepaid expenses and deferred charges
beginning of year $567,009 · end of year $625,407
-
10a · Land, buildings and equipment: cost or other basis
$20,488,540
-
10b · Land, buildings and equipment: accumulated depreciation
$8,768,612
-
10c · Land, buildings and equipment, net
beginning of year $13,253,533 · end of year $11,719,928
-
13 · Investments: program-related
beginning of year $13,207,833 · end of year $3,800,553
-
15 · Other assets
beginning of year $8,750,315 · end of year $11,037,659
-
17 · Accounts payable and accrued expenses
beginning of year $5,140,846 · end of year $6,106,923
-
25 · Other liabilities
beginning of year $560,103,399 · end of year $551,918,620
-
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 $74,553,215 · end of year $79,583,591
Mission and programs · 2022
Mission
THE MISSION OF TOWN & COUNTRY CREDIT UNION IS TO BUILD TRUSTED FINANCIAL RELATIONSHIPS THROUGH PERSONALIZED SERVICE.
Activities or mission (Part I)
TO BUILD TRUSTED FINANCIAL RELATIONSHIPS THROUGH PERSONALIZED SERVICE
-
NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.
As filed on the 2022 return.
Listed in Part VII
-
Jay HightJAY HIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian NelsonBRIAN NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David RipplingerDAVID RIPPLINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim AndersonJIM ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Delrae GeinertDELRAE GEINERT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jay LandsiedelJAY LANDSIEDEL
CFO
- Total calculated
- $307,642
- From this org
- $279,599
- From related orgs
- $0
- Other
- $28,043
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,902
- Bonus
- $59,888
- Other
- $6,809
- Deferred
- $17,908
- Nontaxable benefits
- $10,135
- Filer's total
- $307,642
-
Jeff StremickJEFF STREMICK
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin HarmonKEVIN HARMON
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mortgage Loan Officers3 IndividualsMORTGAGE LOAN OFFICERS3 INDIVIDUALS
MORTGAGE LOAN ORIGINATOR
- Total calculated
- $992,156
- From this org
- $839,069
- From related orgs
- $0
- Other
- $153,087
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $88,018
- Bonus
- $749,541
- Other
- $1,510
- Deferred
- $61,913
- Nontaxable benefits
- $91,174
- Filer's total
- $992,156
-
Kalli SchellKALLI SCHELL
COO
- Total calculated
- $346,958
- From this org
- $301,372
- From related orgs
- $0
- Other
- $45,586
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $235,568
- Bonus
- $60,194
- Other
- $5,610
- Deferred
- $21,646
- Nontaxable benefits
- $23,940
- Filer's total
- $346,958
-
Fred BeuchlerFRED BEUCHLER
CLO
- Total calculated
- $301,224
- From this org
- $254,842
- From related orgs
- $0
- Other
- $46,382
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,608
- Bonus
- $37,874
- Other
- $360
- Deferred
- $18,870
- Nontaxable benefits
- $27,512
- Filer's total
- $301,224
-
Adam SilbernagelADAM SILBERNAGEL
CIO
- Total calculated
- $290,550
- From this org
- $248,263
- From related orgs
- $0
- Other
- $42,287
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,429
- Bonus
- $58,474
- Other
- $5,360
- Deferred
- $18,091
- Nontaxable benefits
- $24,196
- Filer's total
- $290,550
-
Jeremiah KossenJEREMIAH KOSSEN
FORMER CEO
- Total calculated
- $275,987
- From this org
- $250,883
- From related orgs
- $0
- Other
- $25,104
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $76,825
- Bonus
- $173,933
- Other
- $125
- Deferred
- $17,813
- Nontaxable benefits
- $7,291
- Filer's total
- $275,987
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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
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.
-
TOWN & COUNTRY CUSO INC
C · INSURANCE AGENCY · ND · 100% owned · share of income $5,409,045 · share of assets $2,217,529 · controlled entity
Directly controlled by TOWN & COUNTRY CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349307028
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