Totals
- Total revenue
- $5,511,472
- Total expenses
- $4,033,210
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $500,699
- Other revenue
- $5,010,773
- Total assets, end of year
- $119,199,820
- Total liabilities, end of year
- $107,167,782
- Net assets or fund balances, end of year
- $12,032,038
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,136
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.
-
3 · Investment income
total $500,699 · related or exempt $500,699 · 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
-
11a · Other revenue: INTEREST INCOME
total $4,119,667 · related or exempt $4,119,667 · unrelated business $0 · excluded $0
-
11b · Other revenue: FEE INCOME
total $871,344 · related or exempt $871,344 · unrelated business $0 · excluded $0
-
11c · Other revenue: MISC INCOME
total $19,762 · related or exempt $19,762 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$5,010,773
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $594,428
-
7 · Other salaries and wages
total $691,220
-
8 · Pension plan contributions
total $48,135
-
9 · Other employee benefits
total $559,234
-
10 · Payroll taxes
total $112,233
-
11b · Fees: legal
total -$1,170
-
11c · Fees: accounting
total $46,839
-
11g · Fees: other
total $232,359
-
12 · Advertising and promotion
total $58,963
-
13 · Office expenses
total $184,721
-
16 · Occupancy
total $170,414
-
17 · Travel
total $3,561
-
20 · Interest
total $30
-
22 · Depreciation, depletion and amortization
total $153,679
-
23 · Insurance
total $45,508
-
24a · Other expenses: POSTAGE, TAXES , STATEMENT PROCESSING, BANK AND LOAN SERVICING FEES
total $574,221
-
24b · Other expenses: DIVIDENDS
total $558,835
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $809,916 · end of year $1,531,679
-
4 · Accounts receivable
beginning of year $68,570,856 · end of year $85,372,668
-
7 · Other notes and loans receivable
beginning of year $174,217 · end of year $237,718
-
10a · Land, buildings and equipment: cost or other basis
$5,702,867
-
10b · Land, buildings and equipment: accumulated depreciation
$3,428,889
-
10c · Land, buildings and equipment, net
beginning of year $2,332,638 · end of year $2,273,978
-
12 · Investments: other securities
beginning of year $40,284,675 · end of year $28,110,339
-
15 · Other assets
beginning of year $1,487,352 · end of year $1,673,438
-
17 · Accounts payable and accrued expenses
beginning of year $454,054 · end of year $548,140
-
25 · Other liabilities
beginning of year $102,651,824 · end of year $106,619,642
-
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 $10,553,776 · end of year $12,032,038
Mission and programs · 2022
Mission
To assist members financial growth and stability by building strong relationships one member at a time.
Activities or mission (Part I)
To assist member's financial growth and stability by building strong relationships one member at a time.
-
Donations to City/County Pageants and Celebrations, Parades and summer activities
Expenses $1,030
-
Humanitarian donations in the area including Hospitals & Patients/Humanitarian Center/Justice Center/Food Pantry
Expenses $1,836
-
Funds for local grade and secondary schools along with local college. Scholarships. Donated funds to Civic activities including Veteran Memorial/Search and Rescue/Adult Services in county/local youth activities.
Expenses $3,270
As filed on the 2022 return.
Listed in Part VII
-
Emily FauxEMILY FAUX
COO
- Total calculated
- $156,631
- From this org
- $156,631
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,631
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $156,631
-
Tami OlsenTAMI OLSEN
CFO
- Total calculated
- $151,218
- From this org
- $151,218
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,218
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $151,218
-
Donald WatsonDONALD WATSON
CEO
- Total calculated
- $146,768
- From this org
- $146,768
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Greg SternerGREG STERNER
CLO
- Total calculated
- $139,811
- From this org
- $139,811
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Susan LarsenSUSAN LARSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jeff AndersonJEFF ANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Claude PickettCLAUDE PICKETT
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Branch CoxBRANCH COX
BOARD VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Casey AndersonCASEY ANDERSON
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Carol BlainCAROL BLAIN
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Carol JacobsenCAROL JACOBSEN
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Blake DonaldsonBLAKE DONALDSON
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jeremy MadsenJEREMY MADSEN
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 0
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
- 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
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
- 9 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301309349301670
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