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Nonprofiteer
← 281 ST JAMES PARISH CREDIT UNION INC

Form 990 for tax year 2022

Filed by 281 ST JAMES PARISH CREDIT UNION INC.

Totals

Total revenue
$271,114
Total expenses
$222,387
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$222,093
Investment income
$49,021
Other revenue
$0
Total assets, end of year
$6,680,186
Total liabilities, end of year
$5,649,271
Net assets or fund balances, end of year
$1,030,915
Program services expenses (Part IX)
$222,387
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$222,387

Program services were 100.0% 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: LOAN INT INC

    total $177,553 · related or exempt $177,553 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEE INCOME

    total $2,534 · related or exempt $2,534 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: OTHER INCOME

    total $42,006 · related or exempt $42,006 · 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 $49,021 · related or exempt $49,021 · 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $84,703 · program services $84,703

  • 7 · Other salaries and wages

    total $38,890 · program services $38,890

  • 9 · Other employee benefits

    total $125 · program services $125

  • 10 · Payroll taxes

    total $10,047 · program services $10,047

  • 11c · Fees: accounting

    total $12,560 · program services $12,560

  • 12 · Advertising and promotion

    total $2,090 · program services $2,090

  • 13 · Office expenses

    total $11,437 · program services $11,437

  • 14 · Information technology

    total $18,458 · program services $18,458

  • 16 · Occupancy

    total $20,458 · program services $20,458

  • 17 · Travel

    total $267 · program services $267

  • 20 · Interest

    total $8,435 · program services $8,435

  • 23 · Insurance

    total $5,563 · program services $5,563

  • 24e · All other expenses

    total $9,354 · program services $9,354

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $270 · end of year $270

  • 2 · Savings and temporary cash investments

    beginning of year $371,355 · end of year $386,140

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $36,902

  • 7 · Other notes and loans receivable

    beginning of year $2,936,048 · end of year $2,826,421

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,840 · end of year $13,164

  • 10a · Land, buildings and equipment: cost or other basis

    $242,598

  • 10b · Land, buildings and equipment: accumulated depreciation

    $197,438

  • 10c · Land, buildings and equipment, net

    beginning of year $49,376 · end of year $45,160

  • 13 · Investments: program-related

    beginning of year $2,798,988 · end of year $3,359,134

  • 15 · Other assets

    beginning of year $10,372 · end of year $12,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,589 · end of year $5,857

  • 25 · Other liabilities

    beginning of year $5,106,920 · end of year $5,643,414

  • 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 $1,065,740 · end of year $1,030,915

Mission and programs · 2022

Mission

TO PROVIDE LENDING AND SAVINGS AND OTHER FINANCIAL SERVICE TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THEN AVAILABLE IN THE MARKET PLACE AND WITH SERVICE BASED EMPHASIS THE RECOGNIZE THE MEMBER

Activities or mission (Part I)

TO PROVIDE LENDING & SAVINGS & OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THEN AVAILABLE IN THE MARKET PLACE AND WITH SERVICE BASED EMPHASIS THE RECOGNIZED THE MEMBER

  • TO PROVIDE LENDING AND SAVINGS AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKET PLACE AND SERVICE BASED EMPHASIS THE RECOGNIZE THE MEMBER

    Expenses $222,387 · Revenue $31,920

As filed on the 2022 return.

Listed in Part VII

  • Julianne Bruzina

    CEO DIRECTOR

    Total calculated
    $58,195
    From this org
    $58,195
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 35 related

  • Debbie Schuster

    MANAGER

    Total calculated
    $26,508
    From this org
    $26,508
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 35 related

  • Richard Betsch

    DIRECTOR PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Donna Bushman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Steven Bushman

    DIRECTOR TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Stephen Gemperline

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Thomas Goldschmidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 50 related

  • Richard Harmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Patrick Meehan

    DIRECTOR VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Gregory Steinmetz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • David Stenger

    DIRECTOR SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Frank Wingert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

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
12 April 2023
IRS schema version
2022v5.0
Source object
202311219349302011

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