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Nonprofiteer
← GO ENERGY FINANCIAL CREDIT UNION

Form 990 for tax year 2022

Filed by GO ENERGY FINANCIAL CREDIT UNION.

Totals

Total revenue
$6,270,517
Total expenses
$5,485,066
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,098,294
Investment income
$799,361
Other revenue
$1,372,862
Total assets, end of year
$153,747,429
Total liabilities, end of year
$143,722,245
Net assets or fund balances, end of year
$10,025,184
Program services expenses (Part IX)
$5,485,066
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,485,066

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: INTEREST ON LOANS

    total $4,098,294 · related or exempt $4,098,294

  • 3 · Investment income

    total $799,361 · related or exempt $799,361

  • 11a · Other revenue: FEE INCOME

    total $1,372,862 · related or exempt $1,314,951 · unrelated business $57,911

  • 11e · Other revenue, total

    $1,372,862

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $458,753 · program services $458,753

  • 7 · Other salaries and wages

    total $1,484,112 · program services $1,484,112

  • 8 · Pension plan contributions

    total $340,715 · program services $340,715

  • 9 · Other employee benefits

    total $502,172 · program services $502,172

  • 10 · Payroll taxes

    total $148,304 · program services $148,304

  • 11b · Fees: legal

    total $100 · program services $100

  • 11c · Fees: accounting

    total $21,223 · program services $21,223

  • 19 · Conferences, conventions and meetings

    total $12,349 · program services $12,349

  • 20 · Interest

    total $146,680 · program services $146,680

  • 22 · Depreciation, depletion and amortization

    total $256,853 · program services $256,853

  • 24a · Other expenses: OTHER DEDUCTIONS

    total $2,113,805 · program services $2,113,805

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $784,305 · end of year $1,295,846

  • 2 · Savings and temporary cash investments

    beginning of year $16,398,817 · end of year $6,399,666

  • 7 · Other notes and loans receivable

    beginning of year $91,240,496 · end of year $100,239,554

  • 9 · Prepaid expenses and deferred charges

    beginning of year $205,447 · end of year $86,768

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

    $5,084,648

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

    $1,501,703

  • 10c · Land, buildings and equipment, net

    beginning of year $3,755,775 · end of year $3,582,945

  • 13 · Investments: program-related

    beginning of year $45,796,751 · end of year $40,387,725

  • 15 · Other assets

    beginning of year $1,716,516 · end of year $1,754,925

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,110,349 · end of year $1,536,698

  • 24 · Unsecured notes and loans payable

    beginning of year $1,307 · end of year $3,000,657

  • 25 · Other liabilities

    beginning of year $145,734,768 · end of year $139,184,890

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,051,683 · end of year $10,025,184

Mission and programs · 2022

Mission

WERE COMMITTED TO ENSURING YOU CAN DO MORE WITH YOUR MONEY AND OUR GOAL REMAINS TO HELP YOU TURN FINANCIAL GOALS INTO FANTASTIC REALITIES

  • EXPENSES INCURRED FOR CREDIT UNION OPERATIONS AND MEMBERS

    Expenses $5,485,066

As filed on the 2022 return.

Listed in Part VII

  • Denise S Swan

    CEO

    Total calculated
    $277,618
    From this org
    $206,104
    From related orgs
    $0
    Other
    $71,514
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,007
    Bonus
    $21,143
    Other
    $2,954
    Deferred
    $44,081
    Nontaxable benefits
    $27,433
    Filer's total
    $277,618

  • Rebecca Hulett

    CFO

    Total calculated
    $194,649
    From this org
    $152,138
    From related orgs
    $0
    Other
    $42,511
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,919
    Bonus
    $1,135
    Other
    $1,084
    Deferred
    $23,506
    Nontaxable benefits
    $19,005
    Filer's total
    $194,649

  • Jeff Burney

    COO

    Total calculated
    $156,086
    From this org
    $114,764
    From related orgs
    $0
    Other
    $41,322
    Hours/week
    50

  • Shaun Mock

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Amy Rouse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Greg Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tim Martin

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Tony Tucker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • James Wright

    SECTRES

    Total calculated
    $0
    Hours/week
    5

  • Matt Brinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Jeff Burney 3 Officer

    COO

    Schedule J breakdown

    Base
    $113,323
    Bonus
    $1,135
    Other
    $306
    Deferred
    $19,023
    Nontaxable benefits
    $22,299
    Filer's total
    $156,086

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

None.

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
2022
Filed
9 April 2023
IRS schema version
2022v5.0
Source object
202342379349300709

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