Totals
- Total revenue
- $2,330,009
- Total expenses
- $1,373,789
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,538,331
- Investment income
- $501,979
- Other revenue
- $289,699
- Total assets, end of year
- $64,991,016
- Total liabilities, end of year
- $41,570
- Net assets or fund balances, end of year
- $64,949,446
- Program services expenses (Part IX)
- $853,401
- Management and general expenses
- $520,388
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $853,401
Program services were 62.1% 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: INTEREST ON LOANS
total $1,111,376 · related or exempt $1,111,376
-
2b · Program service revenue: FEES AND CHARGES
total $98,997 · related or exempt $98,997
-
2c · Program service revenue: VISA INCOME
total $300,567 · related or exempt $300,567
-
2d · Program service revenue: CLS AND CREDIT CARD INT
total $27,391 · related or exempt $27,391
-
3 · Investment income
total $501,979 · related or exempt $501,979
-
11a · Other revenue: MISC OPERATING INCOME
total $46,430 · related or exempt $46,430
-
11b · Other revenue: CORPORATE CU INCOME
total $242,184 · related or exempt $242,184
-
11c · Other revenue: ATM INTERCHANGE
total $1,085 · related or exempt $1,085
-
11e · Other revenue, total
$289,699
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $369,756 · management and general $369,756
-
9 · Other employee benefits
total $120,977 · management and general $120,977
-
10 · Payroll taxes
total $29,655 · management and general $29,655
-
11b · Fees: legal
total $7,993 · program services $7,993
-
11c · Fees: accounting
total $14,069 · program services $14,069
-
11g · Fees: other
total $15,734 · program services $15,734
-
12 · Advertising and promotion
total $17,746 · program services $17,746
-
13 · Office expenses
total $86,647 · program services $86,647
-
16 · Occupancy
total $59,810 · program services $59,810
-
22 · Depreciation, depletion and amortization
total $10,972 · program services $10,972
-
23 · Insurance
total $35,197 · program services $35,197
-
24a · Other expenses: ACCOUNT STATEMENTS
total $29,687 · program services $29,687
-
24b · Other expenses: OFFICERS AND DIRECTORS EXP
total $18,439 · program services $18,439
-
24c · Other expenses: DUES
total $16,831 · program services $16,831
-
24d · Other expenses: STAFF TRAINING AND ED
total $1,369 · program services $1,369
-
24e · All other expenses
total $538,907 · program services $538,907
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $524,163 · end of year $531,199
-
2 · Savings and temporary cash investments
beginning of year $33,609,667 · end of year $33,292,092
-
4 · Accounts receivable
beginning of year $109,280
-
7 · Other notes and loans receivable
beginning of year $20,946,104
-
9 · Prepaid expenses and deferred charges
end of year $109,756
-
10a · Land, buildings and equipment: cost or other basis
$549,249
-
10b · Land, buildings and equipment: accumulated depreciation
$450,321
-
10c · Land, buildings and equipment, net
end of year $98,928
-
15 · Other assets
end of year $30,959,041
-
17 · Accounts payable and accrued expenses
beginning of year $89,235 · end of year $41,570
-
31 · Retained earnings, endowment or other funds
beginning of year $55,099,979 · end of year $64,949,446
Mission and programs · 2023
Mission
AS A MEMBER-OWNED FINANCIAL COOPERATIVE, WE WILL DEVELOPE AND OFFER COMPETITIVE PRODUCT LINES THAT MEET MEMBERS NEEDS WHILE MAINTAINING ASSET STRENGTH AND BE A FULL SERVICE ORGANIZATION THAT SATISFIES THE NEEDS OF THE MEMBERSHIP.
-
DIVIDENDS PAID TO THE MEMBERS QUARTERLY ON THEIR SAVINGS ACCOUNTS.
Expenses $853,401
-
LIFE SAVINGS LIFE INSURANCE WHICH PROVIDES LIFE INSURANCE PROTECTION TO THE MEMBERS BASED ON THE AMOUNT OF THEIR SAVINGS ACCOUNTS.
As filed on the 2023 return.
Listed in Part VII
-
Mark KrekelbergMARK KREKELBERG
TREASUERMANAGER
- Total calculated
- $102,692
- From this org
- $102,692
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Todd AhoTODD AHO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephen PetersonSTEPHEN PETERSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Deb AndersonDEB ANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tina FosterTINA FOSTER
CHAIR PERSON
- Total calculated
- $0
- Hours/week
- 1
-
Tony GornikTONY GORNIK
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara MathewsBARBARA MATHEWS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kerry DavisKERRY DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
- 7 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401349349306445
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.