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Nonprofiteer
← COASTHILLS CREDIT UNION

Form 990 for tax year 2023

Filed by COASTHILLS CREDIT UNION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 16 December 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$95,869,457 changed to $4,821,474
Total expenses
$91,804,133 changed to $5,045,642
Contributions and grants received
$2,911,839 changed to $0
Grants paid
$379,162 changed to $48,750

Listed only on the earlier return

  • BRUCE A ALTHEIDE
  • CATHERINE AMUNDSON
  • CHERYL GARNSEY
  • DANIEL WALLS THRU 42523
  • DAVID L SALM THRU 71923
  • EDWIN HWANG
  • JAMES LEDFORD
  • JOESPH BONNER
  • PAMELA RASMUSSEN
  • SCOTT OLSON
  • SCOTT T DOI
  • TIMOTHY JENSEN THRU 9823
  • VICTOR JON JASPER

Totals

Total revenue
$95,869,457
Total expenses
$91,804,133
Contributions and grants received
$2,911,839
Grants paid
$379,162
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • PAUL C COOK

    CEO/PRESIDENT

    Total calculated
    $589,491
    From this org
    $568,717
    From related orgs
    $0
    Other
    $20,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $493,092
    Bonus
    $0
    Other
    $75,625
    Deferred
    $14,700
    Nontaxable benefits
    $6,074
    Filer's total
    $589,491

  • BRUCE A ALTHEIDE

    CHIEF WEALTH OFFICER

    Total calculated
    $531,412
    From this org
    $498,177
    From related orgs
    $0
    Other
    $33,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $53,216
    Bonus
    $4,637
    Other
    $440,324
    Deferred
    $25,950
    Nontaxable benefits
    $7,285
    Filer's total
    $531,412

  • DAVID L SALM THRU 71923

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $523,349
    From this org
    $517,508
    From related orgs
    $0
    Other
    $5,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,334
    Bonus
    $234,563
    Other
    $165,611
    Deferred
    $5,443
    Nontaxable benefits
    $398
    Filer's total
    $523,349

  • PAMELA RASMUSSEN

    EVP, CHIEF OPERATING OFFICER

    Total calculated
    $447,614
    From this org
    $418,897
    From related orgs
    $0
    Other
    $28,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,101
    Bonus
    $35,547
    Other
    $50,249
    Deferred
    $25,950
    Nontaxable benefits
    $2,767
    Filer's total
    $447,614

  • JAMES LEDFORD

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $386,928
    From this org
    $348,587
    From related orgs
    $0
    Other
    $38,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,612
    Bonus
    $41,113
    Other
    $36,862
    Deferred
    $25,827
    Nontaxable benefits
    $12,514
    Filer's total
    $386,928

  • CATHERINE AMUNDSON

    SVP OPERATIONS AND COMPLIANCE

    Total calculated
    $352,458
    From this org
    $321,649
    From related orgs
    $0
    Other
    $30,809
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,852
    Bonus
    $27,805
    Other
    $38,992
    Deferred
    $25,612
    Nontaxable benefits
    $5,197
    Filer's total
    $352,458

  • TIMOTHY JENSEN THRU 9823

    EVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $320,558
    From this org
    $298,383
    From related orgs
    $0
    Other
    $22,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,616
    Bonus
    $30,543
    Other
    $65,224
    Deferred
    $18,425
    Nontaxable benefits
    $3,750
    Filer's total
    $320,558

  • CHERYL GARNSEY

    SVP HUMAN RESOURCES

    Total calculated
    $294,273
    From this org
    $270,196
    From related orgs
    $0
    Other
    $24,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,231
    Bonus
    $21,702
    Other
    $41,263
    Deferred
    $22,647
    Nontaxable benefits
    $1,430
    Filer's total
    $294,273

  • SCOTT T DOI

    FVP MEMBER EXPERIENCE

    Total calculated
    $263,605
    From this org
    $238,696
    From related orgs
    $0
    Other
    $24,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,816
    Bonus
    $20,210
    Other
    $30,670
    Deferred
    $22,200
    Nontaxable benefits
    $2,709
    Filer's total
    $263,605

  • SCOTT OLSON

    SVP CHIEF DATA OFFICER

    Total calculated
    $253,110
    From this org
    $224,061
    From related orgs
    $0
    Other
    $29,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,006
    Bonus
    $18,355
    Other
    $29,700
    Deferred
    $21,764
    Nontaxable benefits
    $7,285
    Filer's total
    $253,110

  • VICTOR JON JASPER

    SVP LENDING

    Total calculated
    $253,080
    From this org
    $235,136
    From related orgs
    $0
    Other
    $17,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,910
    Bonus
    $20,441
    Other
    $31,785
    Deferred
    $15,360
    Nontaxable benefits
    $2,584
    Filer's total
    $253,080

  • EDWIN HWANG

    FVP FINANCE

    Total calculated
    $234,137
    From this org
    $222,299
    From related orgs
    $0
    Other
    $11,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,668
    Bonus
    $13,492
    Other
    $18,139
    Deferred
    $10,408
    Nontaxable benefits
    $1,430
    Filer's total
    $234,137

  • JOESPH BONNER

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $181,636
    From this org
    $176,562
    From related orgs
    $0
    Other
    $5,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,208
    Bonus
    $0
    Other
    $15,354
    Deferred
    $3,060
    Nontaxable benefits
    $2,014
    Filer's total
    $181,636

  • DANIEL WALLS THRU 42523

    CHIEF CREDIT OFFICER

    Total calculated
    $181,275
    From this org
    $162,607
    From related orgs
    $0
    Other
    $18,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $84,559
    Bonus
    $27,486
    Other
    $50,562
    Deferred
    $16,732
    Nontaxable benefits
    $1,936
    Filer's total
    $181,275

  • DENNIS DURFEE

    EVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $135,327
    From this org
    $131,843
    From related orgs
    $0
    Other
    $3,484
    Hours/week
    40

  • KRISTOPHER L ANDREWS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    6

  • HOMERO CONTRERAS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    6

  • JEREMY MORENO

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • BERNARD E JONES

    SECRETARY

    Total calculated
    $0
    Hours/week
    6

  • JEANNE PIPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • R BRUCE COGGIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • ARTHUR C SCHEITHAUR JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • EARL MURRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • WILLIAM H ANDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

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 — 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

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL COMPANIONS HAVE BEEN AUTHORIZED FOR THE LEADERSHIP TEAM AND BOARD MEMBERS OF THE ORGANIZATION. PAYMENT FOR TRAVEL IS REPORTED ON THE W-2 FOR THE LEADERSHIP TEAM AND ON THE 1099 FOR BOARD MEMBERS. THE ORGANIZATION MADE GROSS-UP PAYMENTS ON THE AUXILIARY AND EXECUTIVE BOARD'S W-2. THE PRESIDENT/CEO HAD A GYM MEMBERSHIP THAT WAS ACTIVE AT THE BEGINNING OF 2023 BUT WAS TERMINATED LATER IN THE YEAR. PAYMENT FOR THE MEMBERSHIP WAS MADE THROUGH THEIR W-2.
PART I, LINES 4A-B
SPLIT DOLLAR LIFE INSURANCE: THE CREDIT UNION HAS ENTERED INTO COLLATERAL ASSIGNMENT SPLIT DOLLAR (CASD) ARRANGEMENTS WITH CERTAIN CURRENT AND FORMER MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE CASD POLICIES ARE RECORDED AS ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION AS THE LOAN BALANCE PLUS ACCRUED INTEREST. THE CASD ARRANGEMENT FOR ONE INDIVIDUAL INCLUDES A FULL RECOURSE PROVISION WHEREBY THE CREDIT UNION CAN SEEK REPAYMENT OF PRINCIPAL AND INTEREST FROM THE EMPLOYEE DIRECTLY IF THERE IS A SHORTFALL. ALL OTHER CASD ARRANGEMENTS ALSO HAVE RECOURSE PROVISIONS WHERE THE CREDIT UNION CAN SEEK REPAYMENT OF ANY SHORTFALL FROM THE EMPLOYEE. DAVID SALM, CHIEF ADMINISTRATIVE OFFICER, RECEIVED A SEVERENCE PAYMENT OF $91,113 DURING 2023.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202412909349301221

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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