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← MONTANA CREDIT UNIONS FOR COMMUNITY DEVELOPMENT

Form 990 for tax year 2024

Filed by MONTANA CREDIT UNIONS FOR COMMUNITY DEVELOPMENT.

Totals

Total revenue
$147,613
Total expenses
$124,107
Contributions and grants received
$101,696
Grants paid
$0
Program service revenue
$0
Investment income
$21,378
Other revenue
$24,539
Total assets, end of year
$434,189
Total liabilities, end of year
$12,715
Net assets or fund balances, end of year
$421,474
Program services expenses (Part IX)
$80,958
Management and general expenses
$43,149
Fundraising expenses
$0
Program service expenses (Part III)
$80,958

Program services were 65.2% 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.

  • 1d · Related organizations

    $49,820

  • 1f · All other contributions, gifts and grants

    $51,876

  • 3 · Investment income

    total $21,378 · related or exempt $21,378

  • 8a · Fundraising events: gross income

    $27,074

  • 8b · Fundraising events: direct expenses

    $11,805

  • 8c · Net income from fundraising events

    total $15,269 · excluded $15,269

  • 11a · Other revenue: OTHER INCOME

    total $9,270 · related or exempt $9,270

  • 11e · Other revenue, total

    $9,270

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $70,000 · program services $39,900 · management and general $30,100

  • 14 · Information technology

    total $2,100 · program services $2,100

  • 16 · Occupancy

    total $5,310 · program services $3,027 · management and general $2,283

  • 17 · Travel

    total $193 · program services $193

  • 24a · Other expenses: WINCENTIVE PRIZES & OTH

    total $28,700 · program services $28,700

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $5,438 · management and general $5,438

  • 24c · Other expenses: PROFESSIONAL SERVICES

    total $5,328 · management and general $5,328

  • 24d · Other expenses: TRAINING SERVICES

    total $4,546 · program services $4,546

  • 24e · All other expenses

    total $2,492 · program services $2,492

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $405,934 · end of year $428,555

  • 4 · Accounts receivable

    beginning of year $4,650 · end of year $5,634

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,616 · end of year $12,715

  • 27 · Net assets without donor restrictions

    beginning of year $28,616 · end of year $30,594

  • 28 · Net assets with donor restrictions

    beginning of year $369,352 · end of year $390,880

Mission and programs · 2024

Mission

TO IMPLEMENT PROGRAMS THROUGH MONTANA CREDIT UNIONS THAT IMPROVE THE SOCIAL AND ECONOMIC WELL-BEING OF MONTANA CONSUMERS.

  • ADVOCACY: WE ADVOCATE ON BEHALF OF MONTANA'S CREDIT UNIONS AT THE STATE AND FEDERAL LEVELS, PROMOTING POLICIES THAT SUPPORT THEIR GROWTH, PROTECT THEIR INTERESTS, AND ELEVATE THE CREDIT UNION DIFFERENCE.

    Expenses $50,053

  • EDUCATION AND TRAINING: WE DELIVER TIMELY, HIGH-QUALITY EDUCATION AND NETWORKING OPPORTUNITIES TO CREDIT UNIONS, STRENGTHENING PROFESSIONAL DEVELOPMENT WHILE GENERATING NON-DUES INCOME THROUGH TRAINING SERVICES.

    Expenses $24,127

  • COLLABORATION: WE FOSTER COLLABORATION BY CONNECTING MONTANA CREDIT UNIONS TO SHARE RESOURCES, EXPERTISE, AND SERVICES, ESPECIALLY SUPPORTING SMALLER INSTITUTIONS ACROSS THE STATE.

    Expenses $6,778

As filed on the 2024 return.

Listed in Part VII

  • Jeremy Presta

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lindsay Beaty

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Leslie Womack

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tom Boos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Lawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Annamarie Deyoung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darci Parsons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerry Singleton

    CEO

    Total calculated
    $342,455
    From this org
    $0
    From related orgs
    $296,877
    Other
    $45,578
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,171 related
    Bonus
    $0 + $8,868 related
    Other
    $0 + $2,838 related
    Deferred
    $0 + $43,678 related
    Nontaxable benefits
    $0 + $1,900 related
    Filer's total
    $0 + $342,455 related

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

None.

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.

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.

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.

  • LEAGUE SERVICE GROUP

    C · SERVICE AND SUPPLY SALES TO CREDIT UNIONS · MT

Provenance

Return type
form_990
Tax year
2024
Filed
30 May 2025
IRS schema version
2024v5.1
Source object
202521609349301262

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