Skip to content
Nonprofiteer
← GALLATIN STEAM PLANT CREDIT UNION

Form 990 for tax year 2022

Filed by GALLATIN STEAM PLANT CREDIT UNION.

Totals

Total revenue
$252,453
Total expenses
$203,395
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$220,171
Investment income
$23,642
Other revenue
$8,640
Total assets, end of year
$7,167,612
Total liabilities, end of year
$6,076,464
Net assets or fund balances, end of year
$1,091,148
Program services expenses (Part IX)
$0
Management and general expenses
$203,395
Fundraising expenses
$0
Program service expenses (Part III)
$203,395

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.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $212,361 · related or exempt $212,361

  • 2b · Program service revenue: FEE INCOME

    total $7,810 · related or exempt $7,810

  • 3 · Investment income

    total $23,642 · related or exempt $23,642

  • 11a · Other revenue: OTHER OPERATING INCOME

    total $8,640 · related or exempt $8,640

  • 11e · Other revenue, total

    $8,640

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $91,063 · management and general $91,063

  • 10 · Payroll taxes

    total $7,054 · management and general $7,054

  • 13 · Office expenses

    total $38,721 · management and general $38,721

  • 20 · Interest

    total $34,994 · management and general $34,994

  • 24a · Other expenses: PROF & OUTSIDE SERVICES

    total $14,916 · management and general $14,916

  • 24b · Other expenses: LOAN SERVICING EXPENSE

    total $10,522 · management and general $10,522

  • 24c · Other expenses: EXAM FEES

    total $5,000 · management and general $5,000

  • 24d · Other expenses: MISC OPERATING EXP

    total $1,125 · management and general $1,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $914,996 · end of year $1,033,890

  • 2 · Savings and temporary cash investments

    beginning of year $700,000 · end of year $1,542,000

  • 4 · Accounts receivable

    beginning of year $3,998,064 · end of year $4,484,633

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,531 · end of year $1,279

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

    $13,958

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

    $13,953

  • 10c · Land, buildings and equipment, net

    beginning of year $5 · end of year $5

  • 12 · Investments: other securities

    beginning of year $541,144 · end of year $45,144

  • 15 · Other assets

    beginning of year $56,259 · end of year $60,661

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,585 · end of year $16,956

  • 25 · Other liabilities

    beginning of year $5,155,323 · end of year $6,059,508

  • 29 · Capital stock, trust principal or current funds

    beginning of year $242,762

  • 31 · Retained earnings, endowment or other funds

    beginning of year $799,329 · end of year $1,091,148

Mission and programs · 2022

Mission

CREDIT UNION - TO PROVIDED SERVICES FOR APPROXIMATELY 638 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

Activities or mission (Part I)

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

  • THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.

    Expenses $168,401

  • THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.

    Expenses $34,994

As filed on the 2022 return.

Listed in Part VII

  • Will Dennis

    MANAGER

    Total calculated
    $73,543
    From this org
    $73,543
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joe Cornwell

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Ray

    BOARD VICE-P

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Davis

    BOARD TREASU

    Total calculated
    $0
    Hours/week
    1

  • Josh Fortenberry

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    1

  • Robert Patterson

    BOARD/SC MEM

    Total calculated
    $0
    Hours/week
    1

  • Chris Conger

    SUPERVISORY

    Total calculated
    $0
    Hours/week
    1

  • Kriste Lanius

    SUPERVISORY

    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
2022
Filed
28 February 2023
IRS schema version
2022v4.1
Source object
202310599349301016

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.