Totals
- Total revenue
- $3,101,593
- Total expenses
- $2,782,300
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,686,832
- Investment income
- $380,937
- Other revenue
- $33,824
- Total assets, end of year
- $75,341,624
- Total liabilities, end of year
- $66,701,930
- Net assets or fund balances, end of year
- $8,639,694
- Program services expenses (Part IX)
- $2,782,300
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,782,300
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: INCOME ON LOANS
total $1,907,431 · related or exempt $1,907,431
-
2b · Program service revenue: INTERCHANGE AND OTHER
total $513,191 · related or exempt $513,191
-
2c · Program service revenue: FEE INCOME
total $266,210 · related or exempt $251,199 · unrelated business $15,011
-
3 · Investment income
total $402,286 · excluded $402,286
-
7b · Less cost or other basis and sales expenses
securities $21,349
-
7c · Gain or loss
securities -$21,349
-
7d · Net gain or loss
total -$21,349 · excluded -$21,349
-
11a · Other revenue: PATRONAGE DIVIDENDS
total $33,608 · excluded $33,608
-
11b · Other revenue: MISCELLANEOUS
total $216 · excluded $216
-
11e · Other revenue, total
$33,824
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,006,664 · program services $1,006,664
-
8 · Pension plan contributions
total $36,529 · program services $36,529
-
9 · Other employee benefits
total $87,541 · program services $87,541
-
10 · Payroll taxes
total $73,348 · program services $73,348
-
11g · Fees: other
total $349,458 · program services $349,458
-
12 · Advertising and promotion
total $134,610 · program services $134,610
-
13 · Office expenses
total $70,338 · program services $70,338
-
16 · Occupancy
total $143,347 · program services $143,347
-
19 · Conferences, conventions and meetings
total $28,343 · program services $28,343
-
20 · Interest
total $147,885 · program services $147,885
-
22 · Depreciation, depletion and amortization
total $183,968 · program services $183,968
-
23 · Insurance
total $31,725 · program services $31,725
-
24a · Other expenses: SHARE EXPENSES
total $289,737 · program services $289,737
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $90,459 · program services $90,459
-
24c · Other expenses: LOAN SERVICE EXPENSE
total $40,720 · program services $40,720
-
24d · Other expenses: EQUIPMENT EXPENSE
total $32,999 · program services $32,999
-
24e · All other expenses
total $34,629 · program services $34,629
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $502,352 · end of year $557,891
-
2 · Savings and temporary cash investments
beginning of year $4,017,666 · end of year $4,051,251
-
4 · Accounts receivable
end of year $3,282
-
7 · Other notes and loans receivable
beginning of year $40,132,147 · end of year $43,391,152
-
9 · Prepaid expenses and deferred charges
beginning of year $163,771 · end of year $132,596
-
10a · Land, buildings and equipment: cost or other basis
$3,949,664
-
10b · Land, buildings and equipment: accumulated depreciation
$821,548
-
10c · Land, buildings and equipment, net
beginning of year $3,292,047 · end of year $3,128,116
-
12 · Investments: other securities
beginning of year $22,945,330 · end of year $23,334,343
-
15 · Other assets
beginning of year $670,775 · end of year $742,993
-
17 · Accounts payable and accrued expenses
beginning of year $623,753 · end of year $652,989
-
25 · Other liabilities
beginning of year $62,779,934 · end of year $66,048,941
-
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 $2,898,275 · end of year $3,177,427
-
31 · Retained earnings, endowment or other funds
beginning of year $5,422,126 · end of year $5,462,267
Mission and programs · 2022
Mission
STATE CHARTERED CREDIT UNION
-
PROVIDING LOANS AND DEPOSITS SERVICES TO CREDIT UNION MEMBERS
Expenses $2,782,300
As filed on the 2022 return.
Listed in Part VII
-
Larry GrahamLARRY GRAHAM
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Lisa BrownLISA BROWN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Nathaniel KolmertenNATHANIEL KOLMERTEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sherrill HammanSHERRILL HAMMAN
SUPERVISORY CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Breanna DejongeBREANNA DEJONGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph HendersonJOSEPH HENDERSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn MikesellCAROLYN MIKESELL
CEO & DIRECTOR
- Total calculated
- $186,034
- From this org
- $186,034
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,034
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $186,034
-
Todd MasonTODD MASON
VICE PRESIDENT
- Total calculated
- $82,297
- From this org
- $82,297
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Patricia HladikPATRICIA HLADIK
VICE PRESIDENT
- Total calculated
- $37,026
- From this org
- $37,026
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331329349308358
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