Form 990 for tax year 2022
Filed by STATE CHARTERED CREDIT UNIONS IN FLORIDA.
Totals
- Total revenue
- $3,899,263
- Total expenses
- $3,429,478
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,328,327
- Investment income
- $439,216
- Other revenue
- $131,720
- Total assets, end of year
- $98,275,599
- Total liabilities, end of year
- $89,056,424
- Net assets or fund balances, end of year
- $9,219,175
- Program services expenses (Part IX)
- $3,400,032
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,429,478
Program services were 99.1% 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: LOAN INCOME
total $2,560,208 · related or exempt $2,560,208
-
2b · Program service revenue: FEE INCOME
total $406,082 · related or exempt $404,914 · unrelated business $1,168
-
2c · Program service revenue: INSURANCE RELATED
total $113,349 · related or exempt $98,049 · unrelated business $15,300
-
2d · Program service revenue: CREDIT DEBIT CARD
total $248,688 · related or exempt $248,688
-
3 · Investment income
total $439,216 · related or exempt $439,216
-
6a · Gross rents
real property $15,600
-
6b · Less rental expenses
real property $15,600
-
8c · Net income from fundraising events
total $0
-
11d · All other revenue
total $131,720 · related or exempt $131,720
-
11e · Other revenue, total
$131,720
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $242,637 · program services $242,637
-
7 · Other salaries and wages
total $1,123,503 · program services $1,113,572
-
8 · Pension plan contributions
total $26,528 · program services $26,528
-
9 · Other employee benefits
total $210,140 · program services $210,140
-
10 · Payroll taxes
total $115,574 · program services $115,574
-
11b · Fees: legal
total $25,060 · program services $25,060
-
11c · Fees: accounting
total $161,231 · program services $161,231
-
11g · Fees: other
total $373,615 · program services $373,615
-
12 · Advertising and promotion
total $144,017 · program services $141,429
-
13 · Office expenses
total $274,387 · program services $261,159
-
16 · Occupancy
total $101,990 · program services $99,690
-
17 · Travel
total $20,856 · program services $20,856
-
19 · Conferences, conventions and meetings
total $23,204 · program services $23,204
-
20 · Interest
total $263,144 · program services $263,144
-
22 · Depreciation, depletion and amortization
total $229,029 · program services $227,630
-
23 · Insurance
total $46,536 · program services $46,536
-
24a · Other expenses: REGULATORY
total $26,371 · program services $26,371
-
24b · Other expenses: ASSOCIATION DUES
total $21,656 · program services $21,656
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $744,210 · end of year $611,920
-
2 · Savings and temporary cash investments
beginning of year $19,932,189 · end of year $18,429,041
-
4 · Accounts receivable
beginning of year $1,219,003 · end of year $974,152
-
7 · Other notes and loans receivable
beginning of year $63,068,302 · end of year $66,023,030
-
9 · Prepaid expenses and deferred charges
beginning of year $142,603 · end of year $131,492
-
10a · Land, buildings and equipment: cost or other basis
$4,169,277
-
10b · Land, buildings and equipment: accumulated depreciation
$1,501,456
-
10c · Land, buildings and equipment, net
beginning of year $891,900 · end of year $2,667,821
-
11 · Investments: publicly traded securities
beginning of year $9,133,487 · end of year $7,861,380
-
13 · Investments: program-related
beginning of year $1,278,578 · end of year $1,322,765
-
15 · Other assets
beginning of year $255,984 · end of year $253,998
-
17 · Accounts payable and accrued expenses
beginning of year $1,003,784 · end of year $1,091,580
-
25 · Other liabilities
beginning of year $85,374,500 · end of year $87,964,844
-
31 · Retained earnings, endowment or other funds
beginning of year $10,287,972 · end of year $9,219,175
Mission and programs · 2022
Mission
CREDIT UNION PROVIDING COMPETITIVE RATES ON LOANS AND INVESTMENTS
Activities or mission (Part I)
CREDIT UNION PROVIDING COMPETITIVE RATES ON LOANS AND INVESTMENTS TO MEMBERS
-
Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive rates on loans & investments, and other products & service
Expenses $3,429,478 · Revenue $3,899,263
As filed on the 2022 return.
Listed in Part VII
-
Scott A MeyerSCOTT A MEYER
CEO
- Total calculated
- $242,637
- From this org
- $242,637
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,637
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $242,637
-
Howard WebbHOWARD WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Dawn RaduanoDAWN RADUANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Barbara KelleherBARBARA KELLEHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Maria ConnollyMARIA CONNOLLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Cleo MarshCLEO MARSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Jose QuintanaJOSE QUINTANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Anthony StevensANTHONY STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Rafael S GarciaRAFAEL S GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Rick MitingerRICK MITINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321019349301227
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