Form 990 for tax year 2023
Filed by ALEXANDRIA SCHOOL EMPLOYEES CREDIT UNION.
Totals
- Total revenue
- $340,563
- Total expenses
- $295,690
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $331,363
- Investment income
- $8,340
- Other revenue
- $860
- Total assets, end of year
- $8,829,056
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $8,829,056
- 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.
-
2a · Program service revenue: Interest from member loans
total $331,363 · related or exempt $331,363 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $8,340 · related or exempt $8,340 · 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: NCUA Members united dividends march 2023
total $846 · related or exempt $846 · unrelated business $0 · excluded $0
-
11b · Other revenue: Fees
total $14 · related or exempt $14 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$860
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 $206,757
-
5 · Compensation of officers, directors and key employees
total $50,187
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $4,023
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $439
-
13 · Office expenses
total $6,412
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $9,600
-
17 · Travel
total $2,400
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $989
-
20 · Interest
total $7,269
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $5,128
-
24a · Other expenses: loan servicing
total $2,486
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $85,846 · end of year $40,887
-
2 · Savings and temporary cash investments
beginning of year $468,614 · end of year $481,364
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $8,058,653 · end of year $8,305,420
-
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 $1,385 · end of year $1,385
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
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
end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $7,453,150 · end of year $7,622,837
-
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 $1,161,348 · end of year $1,206,219
Mission and programs · 2023
Mission
None.
Activities or mission (Part I)
State chartered credit union offering share accounts and consumer loans to its members
-
To provide exceptional savings and loans to educators and their families in the Alexandria School District area.
As filed on the 2023 return.
Listed in Part VII
-
Cari Larson
Treasurer
- Total calculated
- $57,800
- From this org
- $57,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Carole Weber-Brown
Secretary/Asst Treasurer
- Total calculated
- $1,188
- From this org
- $1,188
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Craig Andrews
Credit Committee Chair
- Total calculated
- $800
- From this org
- $800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.25
-
Pat Vickerman
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.25
-
William Ziegler
Chairman
- Total calculated
- $0
- Hours/week
- 0.25
-
Ruth Dickey
Board Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Mary Ronning
Supervisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Annette Pavek
Supervisory Committee member
- Total calculated
- $0
- Hours/week
- 0.25
-
Nicholas Larson
Supervisory Committee Chair
- Total calculated
- $0
- Hours/week
- 0.25
-
Aaron Korynta
Credit Committee member
- Total calculated
- $0
- Hours/week
- 0.25
-
Jennah Hawes
Credit Committee member
- 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
- 2023
- Filed
- 19 February 2024
- IRS schema version
- 2023v5.0
- Source object
- 202430969349300708
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