Form 990 for tax year 2023
Filed by WISCONSIN CREDIT UNION LEAGUE INC.
Totals
- Total revenue
- $4,123,000
- Total expenses
- $3,958,870
- Contributions and grants received
- $0
- Grants paid
- $96,028
- Program service revenue
- $3,916,140
- Investment income
- $164,680
- Other revenue
- $42,180
- Total assets, end of year
- $11,516,929
- Total liabilities, end of year
- $4,236,970
- Net assets or fund balances, end of year
- $7,279,959
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: MEMBERSHIP DUES
total $2,985,880 · related or exempt $2,985,880
-
2b · Program service revenue: CONVENTION REVENUE
total $473,865 · related or exempt $473,865
-
2c · Program service revenue: EDUCATION AND TRAINING
total $380,027 · related or exempt $380,027
-
2d · Program service revenue: CONSULTATION SERVICES
total $28,800 · related or exempt $28,800
-
2e · Program service revenue: COMMITTEES
total $28,500 · related or exempt $28,500
-
2f · All other program service revenue
total $19,068 · related or exempt $19,068
-
3 · Investment income
total $214,159 · excluded $214,159
-
6a · Gross rents
real property $180
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $180
-
6d · Net rental income or loss
total $180 · excluded $180
-
7a · Gross sales of assets other than inventory
securities $284,784
-
7b · Less cost or other basis and sales expenses
securities $334,263
-
7c · Gain or loss
securities -$49,479
-
7d · Net gain or loss
total -$49,479 · excluded -$49,479
-
11a · Other revenue: ADVERTISING REVENUE
total $42,000 · unrelated business $42,000
-
11e · Other revenue, total
$42,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $96,028
-
5 · Compensation of officers, directors and key employees
total $441,602
-
7 · Other salaries and wages
total $1,459,545
-
8 · Pension plan contributions
total $142,716
-
9 · Other employee benefits
total $170,863
-
10 · Payroll taxes
total $134,708
-
11b · Fees: legal
total $7,063
-
11c · Fees: accounting
total $12,740
-
11d · Fees: lobbying
total $51,000
-
11g · Fees: other
total $36,014
-
12 · Advertising and promotion
total $174,159
-
13 · Office expenses
total $25,787
-
14 · Information technology
total $166,784
-
16 · Occupancy
total $271,101
-
17 · Travel
total $21,121
-
19 · Conferences, conventions and meetings
total $366,426
-
22 · Depreciation, depletion and amortization
total $29,455
-
23 · Insurance
total $24,318
-
24a · Other expenses: EDUCATION AND TRAINING
total $231,330
-
24b · Other expenses: MEMBERSHIPS AND SUBSCRI
total $86,516
-
24c · Other expenses: INCOME TAX
total $9,594
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $773,468 · end of year $945,062
-
2 · Savings and temporary cash investments
beginning of year $2,421,019 · end of year $2,638,616
-
4 · Accounts receivable
beginning of year $70,138 · end of year $32,351
-
9 · Prepaid expenses and deferred charges
beginning of year $250,702 · end of year $270,442
-
10a · Land, buildings and equipment: cost or other basis
$946,362
-
10b · Land, buildings and equipment: accumulated depreciation
$836,429
-
10c · Land, buildings and equipment, net
beginning of year $144,152 · end of year $109,933
-
11 · Investments: publicly traded securities
beginning of year $4,357,203 · end of year $4,763,818
-
12 · Investments: other securities
beginning of year $90,483 · end of year $38,394
-
13 · Investments: program-related
beginning of year $251,656 · end of year $251,656
-
15 · Other assets
beginning of year $2,685,757 · end of year $2,466,657
-
17 · Accounts payable and accrued expenses
beginning of year $591,561 · end of year $602,073
-
19 · Deferred revenue
beginning of year $563,942 · end of year $764,500
-
25 · Other liabilities
beginning of year $2,995,036 · end of year $2,870,397
-
27 · Net assets without donor restrictions
beginning of year $5,817,884 · end of year $6,203,804
-
28 · Net assets with donor restrictions
beginning of year $1,076,155 · end of year $1,076,155
Mission and programs · 2023
Mission
THE CORE PURPOSE OF THE LEAGUE IS TO PROVIDE INNOVATIVE IDEAS AND SOLUTIONS FOR CREDIT UNIONS AND PROMOTE AND PROTECT THE IDEALS OF MEMBER OWNERSHIP, VOLUNTEERISM, AND UNITY.
Activities or mission (Part I)
TO FOSTER THE GROWTH OF THE CREDIT UNION MOVEMENT AND TO PROMOTE COOPERATION IN ALL MATTERS OF COMMON CONCERN BY AND BETWEEN CREDIT UNIONS LOCATED IN WISCONSIN.
-
THE LEAGUE ASSISTED WITH OVER 1,300 COMPLIANCE QUESTIONS AND SENT OVER 45 NEWSLETTERS TO HELP COMPLIANCE PROS REMAIN ALERT AND ON TASK. THE LEAGUE MAINTAINED THOUSANDS OF PAGES OF COMPLIANCE RESOURCE WEBPAGES TO OFFER CURRENT AND COMPREHENSIVE GUIDANCE AND RESOURCES. THERE WERE REGULAR UPDATES OF THE LEAGUE'S 156 II RELEASES TO KEEP UP WITH STATE AND FEDERAL REGULATORY CHANGES IMPACTING CREDIT UNIONS. THE LEAGUE OFFERED FREE ACCESS TO POLICYAID, AN ONLINE LIBRARY OF MORE THAN 100 OPERATIONAL POLICIES. MORE THAN 20 CREDIT UNIONS RECEIVED ASSISTANCE WITH HUMAN RESOURCES QUESTIONS THROUGH THE NEW HR LEGAL LINE. THE LEAGUE PROVIDED CONSULTATION ON PREPARATION FOR EXAMS, MANAGING RISK, REDUCING COSTS, GROWING INCOME, BUDGETING, AND MORE.
-
THE LEAGUE OFFERED NEARLY 500 TRAINING EVENTS TO MORE THAN 2,400 PARTICIPANTS, HELD BOTH IN-PERSON AND VIRTUALLY. THE LEAGUE CONTINUED TO BUILD AN ON-DEMAND LIBRARY OF TRAINING OPTIONS TO ALLOW PARTICIPANTS TO LEARN AT ANYTIME BY GOING ONLINE. THE LEAGUE FACILITATED ROUNDTABLE DISCUSSIONS FOR CREDIT UNIONS FOR NETWORKING AND IDEA SHARING. THE LEAGUE CONTINUED TO FOCUS ON THE YOUNG PROFESSIONALS NETWORK, A FREE CAREER DEVELOPMENT AND LEADERSHIP TRAINING PROGRAM OPEN TO CREDIT UNION STAFF AND DIRECTORS AGE 35 AND YOUNGER. 86% OF ALL WISCONSIN CREDIT UNIONS PARTICIPATED IN LEAGUE TRAINING EVENTS.
-
THE LEAGUE SPONSORED TWO MAJOR GOVERNMENT AFFAIRS CONFERENCES AND OTHER TRAINING EVENTS. THE LEAGUE EXPANDED ACCESS TO GOVERNMENT AFFAIRS CONFERENCES AND EVENTS THROUGH SCHOLARSHIPS. THE LEAGUE FURTHER DEVELOPED GRASSROOTS STRENGTH TO OVER 1,000 MEMBERS, AND MADE OVER 3,000 CONTACTS TO STATE AND FEDERAL LAWMAKERS ON POLICY PRIORITIES IMPACTING CREDIT UNIONS. THE LEAGUE DEFENDED AND PROMOTED CREDIT UNIONS AND THE CREDIT UNION DIFFERENCE.
As filed on the 2023 return.
Listed in Part VII
-
Brandon RiechersBRANDON RIECHERS
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3 + 0.19 related
-
Chris MoczynskiCHRIS MOCZYNSKI
VICE CHAIR (FROM MAY 2023)
- Total calculated
- $0
- Hours/week
- 0.3
-
Kim RooneyKIM ROONEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3
-
Sheila SchnikeSHEILA SCHNIKE
TREASURER (FROM MAY 2023)
- Total calculated
- $0
- Hours/week
- 0.3
-
Lora BenrudLORA BENRUD
VICE CHAIR (THRU MAY 2023)
- Total calculated
- $0
- Hours/week
- 0.3 + 0.19 related
-
Tracie WillsTRACIE WILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Beth KrahnBETH KRAHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Val MindakVAL MINDAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Sue JohnsonSUE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Brett ThompsonBRETT THOMPSON
PRESIDENT & CEO
- Total calculated
- $679,389
- From this org
- $635,685
- From related orgs
- $0
- Other
- $43,704
- Hours/week
- 26 + 14 related
Schedule J breakdown matched by us
- Base
- $527,179
- Bonus
- $75,702
- Other
- $32,804
- Deferred
- $43,704
- Nontaxable benefits
- $0
- Filer's total
- $679,389
-
John EngelJOHN ENGEL
DIRECTOR OF LEGAL AFFAIRS
- Total calculated
- $164,916
- From this org
- $145,855
- From related orgs
- $0
- Other
- $19,061
- Hours/week
- 32 + 8 related
Schedule J breakdown matched by us
- Base
- $129,415
- Bonus
- $15,000
- Other
- $1,440
- Deferred
- $10,114
- Nontaxable benefits
- $8,947
- Filer's total
- $164,916
-
Paul GuttormssonPAUL GUTTORMSSON
SVP & GENERAL COUNSEL
- Total calculated
- $202,265
- From this org
- $169,625
- From related orgs
- $0
- Other
- $32,640
- Hours/week
- 32 + 8 related
Schedule J breakdown matched by us
- Base
- $151,155
- Bonus
- $17,180
- Other
- $1,290
- Deferred
- $12,501
- Nontaxable benefits
- $20,139
- Filer's total
- $202,265
-
Beth EllisBETH ELLIS
SVP FINANCE & STRATEGIC PARTNERSHIPS
- Total calculated
- $190,163
- From this org
- $168,224
- From related orgs
- $0
- Other
- $21,939
- Hours/week
- 24 + 16 related
Schedule J breakdown matched by us
- Base
- $150,854
- Bonus
- $17,100
- Other
- $270
- Deferred
- $12,399
- Nontaxable benefits
- $9,540
- Filer's total
- $190,163
-
Sarah WainscottSARAH WAINSCOTT
SVP OF ADVOCACY
- Total calculated
- $168,040
- From this org
- $156,131
- From related orgs
- $0
- Other
- $11,909
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,000
- Bonus
- $15,900
- Other
- $231
- Deferred
- $10,913
- Nontaxable benefits
- $996
- Filer's total
- $168,040
-
Joshua RobertsJOSHUA ROBERTS
VP OF SYSTEM COLLABORATION & DEVELOPMENT
- Total calculated
- $120,856
- From this org
- $112,302
- From related orgs
- $0
- Other
- $8,554
- Hours/week
- 40
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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4B
- WISCONSIN CREDIT UNION LEAGUE HAS ESTABLISHED A DEFERRED COMPENSATION PLAN FOR THE PRESIDENT & CEO, BRETT THOMPSON, WHICH PROVIDES PAYMENT IN ACCORDANCE WITH THE PROVISIONS OF IRC SECTION 457(F). DURING 2023, WISCONSIN CREDIT UNION LEAGUE CONTRIBUTED $63,638 TO THE 457(F) PLAN.
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
-
CUNA POLITICAL ACTIVITIES FUND
$87,409
POLITICAL EXPENDITURES
-
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
WISCONSIN CREDIT UNION FOUNDATION INC
501(C)(3) · SUPPORTING FINANCIAL EDUCATION AND WISCONSIN CREDIT UNION DEVELOPMENT · WI · controlled entity
Directly controlled by WISCONSIN CREDIT UNION LEAGUE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
WCUL SERVICES CORP
C · SERVICES TO WISCONSIN CREDIT UNIONS · WI · 100% owned · share of income $1,849,008 · share of assets $3,413,259 · controlled entity
Directly controlled by WISCONSIN CREDIT UNION LEAGUE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431149349301618
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