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Nonprofiteer
← WESTERN CUNA MANAGEMENT SCHOOL

Form 990 for tax year 2023

Filed by WESTERN CUNA MANAGEMENT SCHOOL.

Totals

Total revenue
$1,888,641
Total expenses
$1,587,635
Contributions and grants received
$54,891
Grants paid
$54,950
Program service revenue
$1,786,299
Investment income
$44,859
Other revenue
$2,592
Total assets, end of year
$1,321,482
Total liabilities, end of year
$23,247
Net assets or fund balances, end of year
$1,298,235
Program services expenses (Part IX)
$1,480,019
Management and general expenses
$107,616
Fundraising expenses
$0
Program service expenses (Part III)
$1,480,019

Program services were 93.2% 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.

  • 1f · All other contributions, gifts and grants

    $54,891

  • 2a · Program service revenue: REGISTRATION

    total $1,779,343 · related or exempt $1,779,343

  • 2b · Program service revenue: EDUCATION PROGRAM REVE

    total $6,956 · related or exempt $6,956

  • 3 · Investment income

    total $44,859 · excluded $44,859

  • 11a · Other revenue: OTHER INCOME

    total $2,592 · related or exempt $2,592

  • 11e · Other revenue, total

    $2,592

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $54,950 · program services $54,950

  • 5 · Compensation of officers, directors and key employees

    total $346,740 · program services $239,124 · management and general $107,616

  • 9 · Other employee benefits

    total $29,280 · program services $29,280

  • 10 · Payroll taxes

    total $37,887 · program services $37,887

  • 11a · Fees: management

    total $52,560 · program services $52,560

  • 11c · Fees: accounting

    total $2,952 · program services $2,952

  • 11g · Fees: other

    total $241,500 · program services $241,500

  • 12 · Advertising and promotion

    total $603 · program services $603

  • 13 · Office expenses

    total $8,193 · program services $8,193

  • 16 · Occupancy

    total $17,288 · program services $17,288

  • 17 · Travel

    total $37,901 · program services $37,901

  • 19 · Conferences, conventions and meetings

    total $9,075 · program services $9,075

  • 22 · Depreciation, depletion and amortization

    total $151 · program services $151

  • 23 · Insurance

    total $7,027 · program services $7,027

  • 24a · Other expenses: STUDENT HOUSING AND MEA

    total $466,685 · program services $466,685

  • 24b · Other expenses: GRADUATION AND OTHER EV

    total $194,654 · program services $194,654

  • 24c · Other expenses: EDUCATIONAL MATERIALS

    total $52,470 · program services $52,470

  • 24d · Other expenses: OTHER EXPENSES

    total $26,969 · program services $26,969

  • 24e · All other expenses

    total $750 · program services $750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $921,152 · end of year $1,092,631

  • 2 · Savings and temporary cash investments

    beginning of year $203,944 · end of year $214,107

  • 4 · Accounts receivable

    beginning of year $6,127 · end of year $4,149

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,150 · end of year $8,436

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

    $4,920

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

    $3,261

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,659

  • 12 · Investments: other securities

    beginning of year $500 · end of year $500

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,644 · end of year $23,247

  • 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 $997,229 · end of year $1,298,235

Mission and programs · 2023

Mission

TO PROVIDE TRAINING AND EDUCATION FOR CREDIT UNION MANAGEMENT.

  • EDUCATIONAL PROGRAM FOR CREDIT UNION PROFESSIONALS. REVENUE IS GENERATED THROUGH TUITION FEES.

    Expenses $1,480,019 · Grants $54,950 · Revenue $1,786,299

As filed on the 2023 return.

Listed in Part VII

  • Stephanie Teubner

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Wally Murray

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.8

  • Tracie Kenyon

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.8

  • Sterling Nielsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Bill Cheney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Joan Opp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Mike Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Diana Dykstra

    PRESIDENT

    Total calculated
    $1,363,844
    From this org
    $134,218
    From related orgs
    $1,202,079
    Other
    $27,547
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $89,218 + $880,560 related
    Bonus
    $45,000 + $316,720 related
    Other
    $0 + $4,799 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $11,047 related
    Filer's total
    $134,218 + $1,229,626 related

  • Michael Steinberger

    DEAN & CHIEF ACADEMIC OFFI

    Total calculated
    $184,377
    From this org
    $184,377
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $134,377
    Bonus
    $50,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $184,377

  • Nancy Wood

    DIRECTOR OF SCHOOL ADMIN

    Total calculated
    $130,457
    From this org
    $113,856
    From related orgs
    $0
    Other
    $16,601
    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

  • 3 · Independent compensation consultant

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
19 September 2024
IRS schema version
2023v5.1
Source object
202422839349301662

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