Totals
- Total revenue
- $34,112,228
- Total expenses
- $23,484,938
- Contributions and grants received
- $525,192
- Grants paid
- $0
- Program service revenue
- $33,731,489
- Investment income
- -$144,453
- Other revenue
- $0
- Total assets, end of year
- $676,371,659
- Total liabilities, end of year
- $595,081,558
- Net assets or fund balances, end of year
- $81,290,101
- 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.
-
1e · Government grants (contributions)
$525,192
-
2a · Program service revenue: INTEREST ON LOANS
total $22,031,761 · related or exempt $22,031,761
-
2b · Program service revenue: FEE & OTHER INCOME
total $5,616,356 · related or exempt $5,200,662 · unrelated business $415,694
-
2c · Program service revenue: SERVICE FEE INCOME
total $3,711,476 · related or exempt $3,711,476
-
2d · Program service revenue: INTEREST - INV. SECURITIES
total $2,371,896 · related or exempt $2,371,896
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $11,218,683
-
7b · Less cost or other basis and sales expenses
securities $11,363,136
-
7c · Gain or loss
securities -$144,453
-
7d · Net gain or loss
total -$144,453 · excluded -$144,453
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,545,233
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $5,477,567
-
8 · Pension plan contributions
total $258,329
-
9 · Other employee benefits
total $617,006
-
10 · Payroll taxes
total $441,401
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $4,565
-
11c · Fees: accounting
total $82,366
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $416,057
-
12 · Advertising and promotion
total $1,077,768
-
13 · Office expenses
total $674,134
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $560,752
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $4,607,819
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $299,190
-
23 · Insurance
total $73,135
-
24a · Other expenses: SERVICE & DATA PROCESSING
total $3,599,423
-
24b · Other expenses: OTHER EXPENSES
total $578,846
-
24c · Other expenses: LOAN SERVICING
total $1,698,008
-
24d · Other expenses: BAD DEBT EXPENSE
total $1,473,339
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,734,244 · end of year $6,527,689
-
2 · Savings and temporary cash investments
beginning of year $11,131,387 · end of year $256,183
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $11,055,583 · end of year $11,340,822
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $465,674,704 · end of year $563,008,380
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$8,229,183
-
10b · Land, buildings and equipment: accumulated depreciation
$2,466,654
-
10c · Land, buildings and equipment, net
beginning of year $4,564,503 · end of year $5,762,529
-
11 · Investments: publicly traded securities
beginning of year $88,959,451 · end of year $68,117,203
-
12 · Investments: other securities
beginning of year $8,721,633 · end of year $6,292,713
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $10,806,856 · end of year $15,066,140
-
17 · Accounts payable and accrued expenses
beginning of year $8,011,196 · end of year $8,923,898
-
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 $10,791,842 · end of year $17,856,022
-
25 · Other liabilities
beginning of year $511,311,016 · end of year $568,301,638
-
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 $79,534,307 · end of year $81,290,101
Mission and programs · 2022
Mission
TO PROVIDE FINANCIAL SERVICES TO MEMBERS.
Activities or mission (Part I)
TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
-
DAY AIR CREDIT UNION, INC., HEADQUARTERED IN DAYTON, OHIO, PROVIDES A BROAD RANGE OF FINANCIAL SERVICES TO ITS MEMBERS. THE CREDIT UNION'S PRIMARY SERVICES INCLUDE GRANTING SECURED AND UNSECURED CONSUMER AND REAL ESTATE LENDING AS WELL AS PROVIDING CHECKING AND SAVINGS SERVICES. THE CREDIT UNION'S MEMBERS AND BRANCHES ARE LOCATED THROUGHOUT THE DAYTON, OHIO AREA.
As filed on the 2022 return.
Listed in Part VII
-
William BurkeWILLIAM BURKE
CEO
- Total calculated
- $712,178
- From this org
- $679,827
- From related orgs
- $0
- Other
- $32,351
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $429,160
- Bonus
- $88,167
- Other
- $162,500
- Deferred
- $13,500
- Nontaxable benefits
- $18,851
- Filer's total
- $712,178
-
Luke NeffLUKE NEFF
FINANCIAL PLANNER
- Total calculated
- $357,696
- From this org
- $317,552
- From related orgs
- $0
- Other
- $40,144
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $308,552
- Bonus
- $9,000
- Other
- not reported
- Deferred
- $13,500
- Nontaxable benefits
- $26,644
- Filer's total
- $357,696
-
Jannell EichstaedtJANNELL EICHSTAEDT
CHIEF EXPERIENCE OFFICER
- Total calculated
- $297,568
- From this org
- $266,718
- From related orgs
- $0
- Other
- $30,850
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,218
- Bonus
- $56,000
- Other
- $37,500
- Deferred
- $11,976
- Nontaxable benefits
- $18,874
- Filer's total
- $297,568
-
John TheobaldJOHN THEOBALD
CHIEF LENDING OFFICER
- Total calculated
- $297,429
- From this org
- $261,473
- From related orgs
- $0
- Other
- $35,956
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,473
- Bonus
- $56,000
- Other
- $30,000
- Deferred
- $9,312
- Nontaxable benefits
- $26,644
- Filer's total
- $297,429
-
Deanna DahlingDEANNA DAHLING
VP OF FINANCE
- Total calculated
- $238,058
- From this org
- $201,517
- From related orgs
- $0
- Other
- $36,541
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $128,517
- Bonus
- $43,000
- Other
- $30,000
- Deferred
- $9,897
- Nontaxable benefits
- $26,644
- Filer's total
- $238,058
-
Josh ToddJOSH TODD
DIRECTOR OF MORTGAGES
- Total calculated
- $154,450
- From this org
- $147,270
- From related orgs
- $0
- Other
- $7,180
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $113,270
- Bonus
- $34,000
- Other
- not reported
- Deferred
- $6,071
- Nontaxable benefits
- $1,109
- Filer's total
- $154,450
-
Joe EckleyJOE ECKLEY
DIRECTOR OF MARKETING
- Total calculated
- $149,474
- From this org
- $135,775
- From related orgs
- $0
- Other
- $13,699
- Hours/week
- 40
-
Monica PerkinsMONICA PERKINS
REAL ESTATE LOAN OFFICER
- Total calculated
- $139,992
- From this org
- $132,552
- From related orgs
- $0
- Other
- $7,440
- Hours/week
- 40
-
April BowmanAPRIL BOWMAN
DIRECTOR OF HUMAN RESOURCES
- Total calculated
- $138,344
- From this org
- $123,541
- From related orgs
- $0
- Other
- $14,803
- Hours/week
- 40
-
Mike ConwayMIKE CONWAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Al BertleffAL BERTLEFF
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Brian HayesBRIAN HAYES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John WeckesserJOHN WECKESSER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mallory CoakleyMALLORY COAKLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melissa BauerMELISSA BAUER
BOARD MEMBER (START 04/22)
- Total calculated
- $0
- Hours/week
- 1
-
Patsy MercuriPATSY MERCURI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ray WagonerRAY WAGONER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tim BrownTIM BROWN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
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 · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1A
- TRAVEL FOR COMPANIONS: TRAVEL FOR COMPANIONS IS PROVIDED TO THE CEO AND BOARD OF DIRECTORS TO FURTHER THE BUSINESS ACTIVITIES OF THE CREDIT UNION. INCOME IS REPORTED TO THE INDIVIDUALS RECEIVING THE BENEFIT ON THE APPLICABLE FORMS WHEN REQUIRED.
- SCHEDULE J, PART I, LINE 4B
- IN 2022 THE ORGANIZATION DISTRIBUTED AMOUNTS FROM THE 457(F) PLAN: WILLIAM BURKE: $162,500 DEANNA DAHLING: $ 30,000 JANNELL EICHSTAEDT:$ 37,500 JOHN THEOBALD: $ 30,000
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
DAY AIR INSURANCE LLC
INSURANCE · OH · income $64,236 · assets $156,159
Directly controlled by DAY AIR CU
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342229349300624
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