Form 990 for tax year 2023
Filed by GO ENERGY FINANCIAL CREDIT UNION.
Totals
- Total revenue
- $8,068,475
- Total expenses
- $6,221,787
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,811,520
- Investment income
- $1,937,036
- Other revenue
- $1,319,919
- Total assets, end of year
- $143,415,850
- Total liabilities, end of year
- $130,568,777
- Net assets or fund balances, end of year
- $12,847,073
- Program services expenses (Part IX)
- $6,221,787
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,221,787
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: INTEREST ON LOANS
total $4,811,520 · related or exempt $4,811,520
-
3 · Investment income
total $1,937,036 · related or exempt $1,937,036
-
11a · Other revenue: FEE INCOME
total $1,196,490 · related or exempt $1,196,490
-
11b · Other revenue: INSURANCE PRODUCT INCOME
total $121,013 · unrelated business $121,013
-
11c · Other revenue: ATM SERVICE CHARGES-NONMEMBER
total $2,416 · unrelated business $2,416
-
11e · Other revenue, total
$1,319,919
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $113,871 · program services $113,871
-
7 · Other salaries and wages
total $1,831,604 · program services $1,831,604
-
8 · Pension plan contributions
total $299,028 · program services $299,028
-
9 · Other employee benefits
total $448,845 · program services $448,845
-
10 · Payroll taxes
total $150,858 · program services $150,858
-
11b · Fees: legal
total $3,265 · program services $3,265
-
11c · Fees: accounting
total $24,727 · program services $24,727
-
12 · Advertising and promotion
total $104,143 · program services $104,143
-
13 · Office expenses
total $281,998 · program services $281,998
-
16 · Occupancy
total $132,157 · program services $132,157
-
17 · Travel
total $23,551 · program services $23,551
-
20 · Interest
total $267,322 · program services $267,322
-
22 · Depreciation, depletion and amortization
total $226,888 · program services $226,888
-
24a · Other expenses: PROFESSIONAL FEES
total $1,233,497 · program services $1,233,497
-
24b · Other expenses: DIVIDEND EXPENSE
total $410,099 · program services $410,099
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $306,642 · program services $306,642
-
24d · Other expenses: LOAN SERVICING
total $263,529 · program services $263,529
-
24e · All other expenses
total $99,763 · program services $99,763
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,295,846 · end of year $1,326,076
-
2 · Savings and temporary cash investments
beginning of year $6,399,666 · end of year $3,983,183
-
7 · Other notes and loans receivable
beginning of year $100,239,554 · end of year $96,359,675
-
9 · Prepaid expenses and deferred charges
beginning of year $86,768 · end of year $150,546
-
10a · Land, buildings and equipment: cost or other basis
$5,059,962
-
10b · Land, buildings and equipment: accumulated depreciation
$1,734,055
-
10c · Land, buildings and equipment, net
beginning of year $3,582,945 · end of year $3,325,907
-
13 · Investments: program-related
beginning of year $40,387,725 · end of year $36,591,507
-
15 · Other assets
beginning of year $1,754,925 · end of year $1,678,956
-
17 · Accounts payable and accrued expenses
beginning of year $1,536,698 · end of year $1,210,295
-
24 · Unsecured notes and loans payable
beginning of year $3,000,657 · end of year $3,000,657
-
25 · Other liabilities
beginning of year $139,184,890 · end of year $126,357,825
-
31 · Retained earnings, endowment or other funds
beginning of year $10,025,184 · end of year $12,847,073
Mission and programs · 2023
Mission
WE ARE COMMITTED TO ENSURING YOU CAN DO MORE WITH YOUR MONEY AND OUR GOAL REMAINS TO HELP YOU TURN FINANCIAL GOALS INTO FANTASTIC REALITIES.
-
EXPENSES INCURRED FOR CREDIT UNION OPERATIONS AND MEMBERS.
Expenses $6,221,787 · Revenue $4,811,520
As filed on the 2023 return.
Listed in Part VII
-
Jeff BurneyJEFF BURNEY
COO
- Total calculated
- $113,871
- From this org
- $113,871
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Matt BrinsonMATT BRINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Greg FordGREG FORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Tim MartinTIM MARTIN
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Shaun MockSHAUN MOCK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Amy RouseAMY ROUSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Tony TuckerTONY TUCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
James WrightJAMES WRIGHT
SEC/TRES
- Total calculated
- $0
- Hours/week
- 5
-
Mark NofiMARK NOFI
CFO
- Total calculated
- $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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 December 2024
- IRS schema version
- 2023v6.0
- Source object
- 202500279349300710
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