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Nonprofiteer
← STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Form 990 for tax year 2022

Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.

Totals

Total revenue
$312,302
Total expenses
$316,933
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$28,411
Other revenue
$283,891
Total assets, end of year
$6,920,551
Total liabilities, end of year
$5,335,341
Net assets or fund balances, end of year
$1,585,210
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 3 · Investment income

    total $28,411 · related or exempt $28,411 · unrelated business $0 · excluded $0

  • 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

  • 11a · Other revenue: total int on loans

    total $263,870 · related or exempt $263,870 · unrelated business $0 · excluded $0

  • 11b · Other revenue: fee income

    total $6,162 · related or exempt $6,162 · unrelated business $0 · excluded $0

  • 11c · Other revenue: SW Corp income ref

    total $13,859 · related or exempt $13,859 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $283,891

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,470

  • 7 · Other salaries and wages

    total $111,841

  • 9 · Other employee benefits

    total $47,958

  • 10 · Payroll taxes

    total $14,812

  • 13 · Office expenses

    total $17,792

  • 16 · Occupancy

    total $6,000

  • 22 · Depreciation, depletion and amortization

    total $1,385

  • 23 · Insurance

    total $9,676

  • 24a · Other expenses: dividend on shares

    total $5,639

  • 24b · Other expenses: miscellaneous

    total $9,325

  • 24c · Other expenses: professional & outside services

    total $12,035

  • 24d · Other expenses: provision for loan loss

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200,522 · end of year $125,401

  • 2 · Savings and temporary cash investments

    beginning of year $3,777,387 · end of year $2,720,822

  • 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 $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 $3,434,259 · end of year $4,051,730

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,288 · end of year $22,598

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,095 · end of year $26,051

  • 25 · Other liabilities

    beginning of year $5,815,520 · end of year $5,309,290

  • 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 $1,589,841 · end of year $1,585,210

Mission and programs · 2022

Mission

Provide Affordable source of savings & borrowing.

  • Provide affordable savings and borrowing

As filed on the 2022 return.

Listed in Part VII

  • Betty Hudson

    Manager

    Total calculated
    $80,470
    From this org
    $80,470
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Larry J Hebert

    Secretary Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Gertie Rodriguez

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Alberto Maxwell

    Board member

    Total calculated
    $0
    Hours/week
    25

  • Katie Burgett

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Jeanne' Reed

    Vice President

    Total calculated
    $0
    Hours/week
    0.25

  • Shelley Blocker

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Harry Montgomery

    President

    Total calculated
    $0
    Hours/week
    0.25

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
14 November 2023
IRS schema version
2022v5.0
Source object
202343259349301414

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