Form 990 for tax year 2022
Filed by STATE CHARTERED CREDIT UNIONS IN FLORIDA.
Totals
- Total revenue
- $4,442,723
- Total expenses
- $3,171,142
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,220,772
- Investment income
- $1,217,525
- Other revenue
- $4,426
- Total assets, end of year
- $148,372,819
- Total liabilities, end of year
- $140,790,306
- Net assets or fund balances, end of year
- $7,582,513
- Program services expenses (Part IX)
- $3,171,142
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,171,142
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 INCOME
total $2,067,508 · related or exempt $2,067,508
-
2b · Program service revenue: FEE INCOME
total $621,220 · related or exempt $621,220
-
2c · Program service revenue: INSURANCE RELATED
total $70,987 · related or exempt $30,790 · unrelated business $40,197
-
2d · Program service revenue: CARD INCOME
total $420,718 · related or exempt $420,718
-
2e · Program service revenue: MORTGAGE INCOME
total $13,200 · related or exempt $13,200
-
2f · All other program service revenue
total $27,139 · related or exempt $27,139
-
3 · Investment income
total $1,204,652 · related or exempt $1,204,652
-
7a · Gross sales of assets other than inventory
securities $632,683
-
7b · Less cost or other basis and sales expenses
securities $619,810
-
7c · Gain or loss
securities $12,873
-
7d · Net gain or loss
total $12,873
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: TRELLANCE QWNA
total $4,705 · related or exempt $4,705
-
11b · Other revenue
total -$279 · related or exempt -$279
-
11e · Other revenue, total
$4,426
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $254,497 · program services $254,497
-
7 · Other salaries and wages
total $1,196,368 · program services $1,196,368
-
8 · Pension plan contributions
total $37,145 · program services $37,145
-
9 · Other employee benefits
total $132,888 · program services $132,888
-
10 · Payroll taxes
total $106,926 · program services $106,926
-
11b · Fees: legal
total $37,781 · program services $37,781
-
11c · Fees: accounting
total $155,461 · program services $155,461
-
11g · Fees: other
total $423,133 · program services $423,133
-
12 · Advertising and promotion
total $23,606 · program services $23,606
-
13 · Office expenses
total $441,878 · program services $441,878
-
16 · Occupancy
total $101,456 · program services $101,456
-
17 · Travel
total $18,214 · program services $18,214
-
19 · Conferences, conventions and meetings
total $496 · program services $496
-
20 · Interest
total $369,909 · program services $369,909
-
22 · Depreciation, depletion and amortization
total $115,468 · program services $115,468
-
23 · Insurance
total $46,868 · program services $46,868
-
24a · Other expenses: REGULATORY
total $40,689 · program services $40,689
-
24b · Other expenses: ASSOCIATION DUES
total $22,606 · program services $22,606
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total -$360,000 · program services -$360,000
-
24e · All other expenses
total $5,753 · program services $5,753
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $701,578 · end of year $689,149
-
2 · Savings and temporary cash investments
beginning of year $9,830,389 · end of year $5,187,435
-
4 · Accounts receivable
beginning of year $713,666 · end of year $685,589
-
7 · Other notes and loans receivable
beginning of year $52,856,577 · end of year $66,293,207
-
9 · Prepaid expenses and deferred charges
beginning of year $179,074 · end of year $155,648
-
10a · Land, buildings and equipment: cost or other basis
$2,986,008
-
10b · Land, buildings and equipment: accumulated depreciation
$1,238,678
-
10c · Land, buildings and equipment, net
beginning of year $1,791,407 · end of year $1,747,330
-
11 · Investments: publicly traded securities
beginning of year $83,266,179 · end of year $70,530,643
-
13 · Investments: program-related
beginning of year $2,259,453 · end of year $2,526,514
-
15 · Other assets
beginning of year $581,554 · end of year $557,304
-
17 · Accounts payable and accrued expenses
beginning of year $666,047 · end of year $5,883,688
-
25 · Other liabilities
beginning of year $139,227,037 · end of year $134,906,618
-
31 · Retained earnings, endowment or other funds
beginning of year $12,286,793 · end of year $7,582,513
Mission and programs · 2022
Mission
Programs of credit unions offering personal financial services exclusively to the members featuring competitive rates on loans & investments, and other products
Activities or mission (Part I)
Programs of credit unions offering personal financial services to members
-
CREDIT UNION OFFERING PERSONAL FINANCIAL SERVICES TO MEMBERS
Expenses $3,171,142 · Revenue $4,389,653
As filed on the 2022 return.
Listed in Part VII
-
Michael J WelteMICHAEL J WELTE
CEO
- Total calculated
- $254,497
- From this org
- $254,497
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $254,497
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $254,497
-
Anthony MarasciulloANTHONY MARASCIULLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Robert DelancyROBERT DELANCY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Taryn GuarigliaTARYN GUARIGLIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Rhonda DiffenbachRHONDA DIFFENBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Thomas McGovernTHOMAS MCGOVERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Luis RodriguezLUIS RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Scott JohnsonSCOTT JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
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 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
- 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
- 2022
- Filed
- 1 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341229349302494
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