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Nonprofiteer
← MOWER COUNTY CATHOLIC PARISHES CREDIT UNION

Form 990 for tax year 2024

Filed by MOWER COUNTY CATHOLIC PARISHES CREDIT UNION.

Totals

Total revenue
$436,424
Total expenses
$331,296
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$341,422
Investment income
$95,002
Other revenue
$0
Total assets, end of year
$7,345,665
Total liabilities, end of year
$6,070,457
Net assets or fund balances, end of year
$1,275,208
Program services expenses (Part IX)
$93,957
Management and general expenses
$237,339
Fundraising expenses
$0
Program service expenses (Part III)
$93,957

Program services were 28.4% 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 $324,783 · related or exempt $0 · unrelated business $0 · excluded $324,783

  • 2b · Program service revenue: LOAN FEES

    total $13,556 · related or exempt $0 · unrelated business $0 · excluded $13,556

  • 2c · Program service revenue: CREDIT INS, INS.

    total $3,083 · related or exempt $0 · unrelated business $0 · excluded $3,083

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $95,002 · related or exempt $0 · unrelated business $0 · excluded $95,002

  • 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $93,957 · program services $93,957

  • 5 · Compensation of officers, directors and key employees

    total $62,661 · program services $0 · management and general $62,661 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $53,951 · program services $0 · management and general $53,951 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $9,077 · program services $0 · management and general $9,077 · fundraising $0

  • 12 · Advertising and promotion

    total $4,006 · program services $0 · management and general $4,006 · fundraising $0

  • 13 · Office expenses

    total $10,717 · program services $0 · management and general $10,717 · fundraising $0

  • 14 · Information technology

    total $49,029 · program services $0 · management and general $49,029 · fundraising $0

  • 15 · Royalties

    total $17,538 · program services $0 · management and general $17,538 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $15,353 · program services $0 · management and general $15,353 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $502 · program services $0 · management and general $502 · fundraising $0

  • 24a · Other expenses: STATE & NATIONAL DUES

    total $5,032 · program services $0 · management and general $5,032 · fundraising $0

  • 24b · Other expenses: PROVISSION FOR LOAN LOSS

    total $5,267 · program services $0 · management and general $5,267 · fundraising $0

  • 24c · Other expenses: FED/SUP EXAM EXPENSE

    total $4,206 · program services $0 · management and general $4,206 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,000 · end of year $13,173

  • 2 · Savings and temporary cash investments

    beginning of year $2,062,522 · end of year $2,310,983

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,983,939 · end of year $4,937,362

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,167 · end of year $2,807

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

    $81,340

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $28,661 · end of year $81,340

  • 15 · Other assets

    beginning of year $59,588

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,100 · end of year $2,228

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,970,697 · end of year $6,068,229

  • 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 $1,170,080 · end of year $1,275,208

Mission and programs · 2024

Mission

To provide deposit and loan services to our members.

Activities or mission (Part I)

To help members and their families achieve financial freedom, by providing personalized financial services and education. Our most significant activities include deposits and loans.

  • As of 12/31/2024 we have provided 540 loans totaling $4,957,181.00.

  • As of 12/31/2024 we held $6,068,229.00 in share accounts and certificates of deposit to our members.

  • SHARE DIVIDENDS/CD DIVIDENDS

    Expenses $93,957

As filed on the 2024 return.

Listed in Part VII

  • Jessica Johnson

    PRESIDENT/TREASURER

    Total calculated
    $120,396
    From this org
    $60,198
    From related orgs
    $0
    Other
    $60,198
    Hours/week
    40

  • Angela Maiden

    SUPERVISORY COMMITTEE CHAIR

    Total calculated
    $619
    From this org
    $0
    From related orgs
    $0
    Other
    $619
    Hours/week
    0

  • Katie Bergstrom

    CREDIT MANAGER

    Total calculated
    $270
    From this org
    $0
    From related orgs
    $0
    Other
    $270
    Hours/week
    0

  • Kelsey Ritchie

    SUPERVISORY COMMITTEE MEMBER

    Total calculated
    $199
    From this org
    $0
    From related orgs
    $0
    Other
    $199
    Hours/week
    0

  • Sherry Weaver

    BOARD MEMBER

    Total calculated
    $188
    From this org
    $0
    From related orgs
    $0
    Other
    $188
    Hours/week
    0

  • David Dahlstrom

    BOARD CHAIR

    Total calculated
    $180
    From this org
    $0
    From related orgs
    $0
    Other
    $180
    Hours/week
    0

  • Mary Clennon

    BOARD MEMBER

    Total calculated
    $173
    From this org
    $0
    From related orgs
    $0
    Other
    $173
    Hours/week
    0

  • Cynthia Enfield

    BOARD MEMBER

    Total calculated
    $169
    From this org
    $0
    From related orgs
    $0
    Other
    $169
    Hours/week
    0

  • Jessica Blomberg

    BOARD MEMBER

    Total calculated
    $165
    From this org
    $0
    From related orgs
    $0
    Other
    $165
    Hours/week
    0

  • Diann Rauen

    SECRETARY

    Total calculated
    $165
    From this org
    $0
    From related orgs
    $0
    Other
    $165
    Hours/week
    0

  • Stephen Holtorf

    BOARD

    Total calculated
    $158
    From this org
    $0
    From related orgs
    $0
    Other
    $158
    Hours/week
    0

  • Mary Liz Holtorf

    SUPERVISORY COMMITTEE MEMBER

    Total calculated
    $158
    From this org
    $0
    From related orgs
    $0
    Other
    $158
    Hours/week
    0

  • Matthew Thimjon

    BOARD VICE CHAIR

    Total calculated
    $23
    From this org
    $0
    From related orgs
    $0
    Other
    $23
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
22 April 2025
IRS schema version
2024v5.0
Source object
202541339349302884

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