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Nonprofiteer
← KEMBA INDIANAPOLIS CREDIT UNION

Form 990 for tax year 2023

Filed by KEMBA INDIANAPOLIS CREDIT UNION.

Totals

Total revenue
$4,299,128
Total expenses
$3,720,581
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,941,008
Investment income
$1,240,609
Other revenue
$117,511
Total assets, end of year
$78,716,056
Total liabilities, end of year
$67,120,602
Net assets or fund balances, end of year
$11,595,454
Program services expenses (Part IX)
$3,720,581
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,720,581

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: LOAN INTEREST

    total $1,865,189 · related or exempt $1,865,189

  • 2b · Program service revenue: INTERCHANGE AND OTHER

    total $550,592 · related or exempt $545,693 · unrelated business $4,899

  • 2c · Program service revenue: FEE INCOME

    total $525,227 · related or exempt $512,910 · unrelated business $12,317

  • 3 · Investment income

    total $1,240,609 · excluded $1,240,609

  • 11a · Other revenue: OTHER

    total $117,511 · excluded $117,511

  • 11e · Other revenue, total

    $117,511

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,305,274 · program services $1,305,274

  • 8 · Pension plan contributions

    total $85,860 · program services $85,860

  • 9 · Other employee benefits

    total $168,035 · program services $168,035

  • 10 · Payroll taxes

    total $93,681 · program services $93,681

  • 11g · Fees: other

    total $491,227 · program services $491,227

  • 12 · Advertising and promotion

    total $39,357 · program services $39,357

  • 14 · Information technology

    total $19,256 · program services $19,256

  • 16 · Occupancy

    total $58,415 · program services $58,415

  • 19 · Conferences, conventions and meetings

    total $31,321 · program services $31,321

  • 20 · Interest

    total $414,919 · program services $414,919

  • 22 · Depreciation, depletion and amortization

    total $81,304 · program services $81,304

  • 24a · Other expenses: OFFICE OPERATIONS

    total $688,364 · program services $688,364

  • 24b · Other expenses: LOAN SERVICING

    total $117,693 · program services $117,693

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $95,028 · program services $95,028

  • 24d · Other expenses: MISCELLANEOUS

    total $30,847 · program services $30,847

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $204,586 · end of year $163,180

  • 4 · Accounts receivable

    beginning of year $75,517 · end of year $97,601

  • 7 · Other notes and loans receivable

    beginning of year $26,762,369 · end of year $27,347,534

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,616 · end of year $87,091

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

    $1,600,655

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

    $1,278,322

  • 10c · Land, buildings and equipment, net

    beginning of year $324,760 · end of year $322,333

  • 12 · Investments: other securities

    beginning of year $52,399,120 · end of year $46,594,790

  • 15 · Other assets

    beginning of year $3,953,946 · end of year $4,103,527

  • 17 · Accounts payable and accrued expenses

    beginning of year $398,857 · end of year $705,013

  • 25 · Other liabilities

    beginning of year $72,337,962 · end of year $66,415,589

  • 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 $3,168,393 · end of year $3,168,393

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,925,702 · end of year $8,427,061

Mission and programs · 2023

Mission

STATE CHARTERED CREDIT UNION TO PROVIDE LOAN AND DEPOSIT SERVICES TO MEMBERS

Activities or mission (Part I)

STATE CHARTERED CREDIT UNION

  • PROVIDING LOANS AND DEPOSITS SERVICES TO CREDIT UNION MEMBERS

    Expenses $3,720,581

As filed on the 2023 return.

Listed in Part VII

  • Paul Sahm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Seay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Bohn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Greiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Heazeltine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alice Wessel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Fearing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karla Salisbury

    PRESIDENT & CEO

    Total calculated
    $219,325
    From this org
    $219,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,677
    Bonus
    $32,648
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $219,325

  • Brian Wilkerson

    COO

    Total calculated
    $165,846
    From this org
    $165,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,159
    Bonus
    $24,687
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $165,846

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 · Compensation survey or study
  • 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
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202421369349306827

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