Totals
- Total revenue
- $8,953,255
- Total expenses
- $6,015,196
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,473,036
- Other revenue
- $7,480,219
- Total assets, end of year
- $172,586,167
- Total liabilities, end of year
- $150,109,945
- Net assets or fund balances, end of year
- $22,476,222
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% 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.
-
3 · Investment income
total $1,473,036 · related or exempt $1,473,036 · unrelated business $0 · excluded $0
-
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
-
11a · Other revenue: LOAN INTEREST INCOME
total $5,273,368 · related or exempt $5,273,368 · unrelated business $0 · excluded $0
-
11b · Other revenue: FEE INCOME
total $545,032 · related or exempt $545,032 · unrelated business $0 · excluded $0
-
11c · Other revenue: OTHER INCOME
total $1,661,819 · related or exempt $1,661,819 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$7,480,219
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $366,725
-
7 · Other salaries and wages
total $1,696,685
-
8 · Pension plan contributions
total $130,132
-
9 · Other employee benefits
total $235,310
-
10 · Payroll taxes
total $143,574
-
11a · Fees: management
total $926,317
-
11b · Fees: legal
total $14,000
-
12 · Advertising and promotion
total $147,182
-
14 · Information technology
total $321,055
-
16 · Occupancy
total $106,708
-
17 · Travel
total $3,234
-
20 · Interest
total $1,351,187
-
22 · Depreciation, depletion and amortization
total $205,827
-
23 · Insurance
total $48,716
-
24a · Other expenses: LOAN LOSS
total $175,000
-
24b · Other expenses: EDUCATION
total $57,221
-
24c · Other expenses: EXAMS/AUDITS
total $6,000
-
24d · Other expenses: LOAN SERVICES
total $80,323
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,943,482 · end of year $1,940,558
-
2 · Savings and temporary cash investments
beginning of year $9,065,740 · end of year $13,201,334
-
5 · Loans and receivables from officers and key people
beginning of year $3,493,358 · end of year $3,478,158
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $94,568,226 · end of year $98,423,867
-
9 · Prepaid expenses and deferred charges
beginning of year $89,255 · end of year $169,093
-
10a · Land, buildings and equipment: cost or other basis
$7,480,932
-
10b · Land, buildings and equipment: accumulated depreciation
$3,712,216
-
10c · Land, buildings and equipment, net
beginning of year $3,911,882 · end of year $3,768,716
-
11 · Investments: publicly traded securities
beginning of year $60,476,861 · end of year $46,509,443
-
15 · Other assets
beginning of year $4,983,164 · end of year $5,094,998
-
17 · Accounts payable and accrued expenses
beginning of year $1,196,933 · end of year $2,919,733
-
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 $157,796,872 · end of year $147,190,212
-
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 $19,538,163 · end of year $22,476,222
Mission and programs · 2023
Mission
State Chartered Credit Union
-
STATE CHARTERED CREDIT UNION
As filed on the 2023 return.
Listed in Part VII
-
Darryn Hodgson
CEO
- Total calculated
- $254,554
- From this org
- $254,554
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50 + 45 related
Schedule J breakdown matched by us
- Base
- $170,344
- Bonus
- $84,210
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $254,554
-
Megan Hansen
COO
- Total calculated
- $112,171
- From this org
- $112,171
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $100,524
- Bonus
- $11,647
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $112,171
-
Scott Boehme
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scott Tervort
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brad BarberBRAD BARBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Becky DuncanBECKY DUNCAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clyde WohlgemuthCLYDE WOHLGEMUTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Malone MolgardMALONE MOLGARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terry ThompsonTERRY THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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 · 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
The filer's explanations (Part III)
- Schedule J, Part I, Line 3
- The Volunteer Board of Directors determine the salary of the CEO and have used Gallagher's Executive Compensation and Benefits Survey.
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
- 8 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421319349301717
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