Totals
- Total revenue
- $3,565,234
- Total expenses
- $2,741,572
- Contributions and grants received
- $2,310
- Grants paid
- $0
- Program service revenue
- $3,142,971
- Investment income
- $238,874
- Other revenue
- $181,079
- Total assets, end of year
- $81,978,043
- Total liabilities, end of year
- $71,941,370
- Net assets or fund balances, end of year
- $10,036,673
- 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$2,310
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Loans Interest from Members/Loans
total $2,191,415 · related or exempt $2,191,415 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Member Service Fees
total $951,556 · related or exempt $951,556 · 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 $238,874 · related or exempt $238,874 · 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
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: Other Operating Income
total $181,079 · related or exempt $181,079 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$181,079
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $82,753
-
7 · Other salaries and wages
total $722,063
-
9 · Other employee benefits
total $232,955
-
11a · Fees: management
total $19,670
-
11b · Fees: legal
total $50
-
11c · Fees: accounting
total $16,321
-
12 · Advertising and promotion
total $45,296
-
13 · Office expenses
total $147,014
-
14 · Information technology
total $596,769
-
16 · Occupancy
total $80,218
-
17 · Travel
total $4,429
-
19 · Conferences, conventions and meetings
total $6,382
-
21 · Payments to affiliates
total $12,634
-
22 · Depreciation, depletion and amortization
total $112,194
-
23 · Insurance
total $35,054
-
24a · Other expenses: Dividends & Interest to Members (owners)
total $547,151
-
24b · Other expenses: Loan Servicing Expenses
total $72,016
-
24c · Other expenses: Miscellaneous Expenses
total $8,603
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $995,696 · end of year $770,657
-
4 · Accounts receivable
beginning of year $49,596,633 · end of year $54,822,654
-
9 · Prepaid expenses and deferred charges
beginning of year $2,340,075 · end of year $2,481,705
-
10a · Land, buildings and equipment: cost or other basis
$3,940,200
-
10b · Land, buildings and equipment: accumulated depreciation
$1,602,554
-
10c · Land, buildings and equipment, net
beginning of year $2,604,516 · end of year $2,337,646
-
13 · Investments: program-related
beginning of year $28,649,944 · end of year $21,565,381
-
17 · Accounts payable and accrued expenses
beginning of year $491,361 · end of year $499,178
-
25 · Other liabilities
beginning of year $73,954,615 · end of year $71,442,192
-
29 · Capital stock, trust principal or current funds
beginning of year $2,805,610 · end of year $2,571,498
-
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 $6,935,278 · end of year $7,465,175
Mission and programs · 2022
Mission
See Form 990, Page 1, Part 1, Line 1
Activities or mission (Part I)
To provide financial services to approximately 6,985 members (owners) in the form of financial counseling, loans, IRA's, deposit accounts, etc...
-
See Form 990, page 1, Part 1, Line 1
As filed on the 2022 return.
Listed in Part VII
-
Walter Salyers
President/CEO
- Total calculated
- $82,753
- From this org
- $82,753
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Christine Grant
Chairperson
- Total calculated
- $0
- Hours/week
- 1
-
Larry Gullion
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Hollis Anderson
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark Taylor
Vice-Chairman
- Total calculated
- $0
- Hours/week
- 0.5
-
Dianne Morelock
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Bryce Castle
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 5 related
-
Jack Parsons
Director
- Total calculated
- $0
- Hours/week
- 0.5
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
- 9 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311299349302351
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