Civic Intelligence

Light Commerce Credit Union

990 • Fiscal year 2014 • EIN 03-0505731

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 03, 2015

11233 Crown Park DriveHouston, TX 77067

(281) 876-7576

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.80x

Higher debt load relative to assets than 38% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

26th percentile

11.82x

Higher debt load relative to revenue than 26% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Net Margin

94th percentile

29%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Asset Growth

15th percentile

-7.5%

Faster asset growth than 15% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-20%

Faster revenue growth than 4% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,570,447

Down $209,612 (-7.5%) from 2013

Net Assets

Up

$518,577

Up $50,864 (+11%) from 2013

Liabilities

Down

$2,051,870

Down $260,476 (-11%) from 2013

Revenue

Down

$173,586

Down $42,935 (-20%) from 2013

Expenses

Down

$122,722

Down $34,720 (-22%) from 2013

Net Income

Down

$50,864

Down $8,215 (-14%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $2,323,064Liabilities 2010: $2,110,025Net Assets 2010: $213,0392010Assets 2011: $3,022,205Liabilities 2011: $2,702,510Net Assets 2011: $319,6952011Assets 2012: $2,345,395Liabilities 2012: $1,936,761Net Assets 2012: $408,6342012Assets 2013: $2,780,059Liabilities 2013: $2,312,346Net Assets 2013: $467,7132013Assets 2014: $2,570,447Liabilities 2014: $2,051,870Net Assets 2014: $518,5772014Assets 2015: $2,533,397Liabilities 2015: $1,993,124Net Assets 2015: $540,2732015Assets 2016: $2,826,535Liabilities 2016: $2,298,053Net Assets 2016: $528,4822016Assets 2017: $2,659,448Liabilities 2017: $2,118,011Net Assets 2017: $541,4372017Assets 2018: $2,854,006Liabilities 2018: $2,336,214Net Assets 2018: $517,7922018Assets 2019: $2,784,916Liabilities 2019: $2,193,143Net Assets 2019: $591,7732019Assets 2020: $3,870,513Liabilities 2020: $3,193,616Net Assets 2020: $676,8972020Assets 2021: $4,269,308Liabilities 2021: $3,457,079Net Assets 2021: $812,2292021Assets 2022: $4,360,265Liabilities 2022: $3,505,006Net Assets 2022: $855,2592022Assets 2023: $4,849,410Liabilities 2023: $3,878,504Net Assets 2023: $970,9062023Assets 2024: $4,923,056Liabilities 2024: $3,835,023Net Assets 2024: $1,088,0332024

Highlighted filing

2014

Assets$2,570,447
Liabilities$2,051,870
Net Assets$518,577

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2010: $169,6062010Expenses 2011: $161,5762011Revenue 2012: $257,731Expenses 2012: $168,792Net Income 2012: $88,9392012Revenue 2013: $216,521Expenses 2013: $157,442Net Income 2013: $59,0792013Revenue 2014: $173,586Expenses 2014: $122,722Net Income 2014: $50,8642014Revenue 2015: $164,806Expenses 2015: $143,110Net Income 2015: $21,6962015Revenue 2016: $166,460Expenses 2016: $157,049Net Income 2016: $9,4112016Revenue 2017: $165,153Expenses 2017: $152,198Net Income 2017: $12,9552017Revenue 2018: $192,108Expenses 2018: $215,753Net Income 2018: -$23,6452018Revenue 2019: $323,976Expenses 2019: $122,286Net Income 2019: $201,6902019Revenue 2020: $331,199Expenses 2020: $121,077Net Income 2020: $210,1222020Revenue 2021: $59,389Expenses 2021: $30,442Net Income 2021: $28,9472021Revenue 2022: $230,108Expenses 2022: $158,129Net Income 2022: $71,9792022Revenue 2023: $288,402Expenses 2023: $172,756Net Income 2023: $115,6462023Revenue 2024: $314,252Expenses 2024: $197,125Net Income 2024: $117,1272024

Highlighted filing

2014

Revenue$173,586
Expenses$122,722
Net Income$50,864
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 3, 2015
Return Version
2014v5.0
Gross Receipts
$173,586
Mission and Program Overview

Mission

Provide highest level of customer service. Emphasis on being responsive to member needs. Encourage better quality of life for our members producing a better quality cu through member education and competitive products.

Provide highest level of customer service. Emphasis on being responsive to member needs. Encourage better quality of life for our members producing a better quality cu thru member education and competitive products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,921,322$1,881,633▼ $39,689
Rtn Earn Endowment Incm Other Fnds$467,713$518,577▲ $50,864
Investments Program Related$307,630$340,123▲ $32,493
Cash and Non-Interest-Bearing Accounts$545,093$338,465▼ $206,628
Land, Buildings, and Equipment, Net-$3,272-
Prepaid Expenses and Deferred Charges$400$502▲ $102
Total Assets$2,780,059$2,570,447▼ $209,612
Other Assets Total$5,614$6,452▲ $838
Liabilities
Other Liabilities$2,310,768$2,047,703▼ $263,065
Accounts Payable and Accrued Expenses$1,578$4,167▲ $2,589
Total Liabilities$2,312,346$2,051,870▼ $260,476
Net Assets / Fund Balance
Total Net Assets Fund Balance$467,713$518,577▲ $50,864
Total Liabilities and Net Assets / Fund Balance$2,780,059$2,570,447▼ $209,612

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,272$1,259$4,531
Investment Program Related Org$500--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$173,179
Investment Income
$407
Other Revenue
$0
Change in Net Assets
$50,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,415
Salaries, Compensation, and Employee Benefits$15,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$55,333
Other Salaries and Wages---$15,500
Conferences and Meetings---$9,715
Insurance---$7,134
Fees for Services Other---$2,950
Other Expenses---$2,296
Benefits to Members---$1,807
Depreciation Depletion---$1,259
Advertising---$1,154
Fees for Services Legal---$647
Interest---$38
All Other Expenses---$-719
Total Functional Expenses$0$0$0$122,722
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares/deposits$2,047,703
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Ira v. Hilliard bridget e. Hilliard chairman vice-chairma family harlene b. Johnson malachi johnson mgr/ceo secretary family

Form 990, Page 6, Part VI, Line 6

Light commerce is a state chartered credit union comprised of owner/members belongingl to a common field of membership and who have paid into their share accounts a minimum authorized membership fee.

Form 990, Page 6, Part VI, Line 7A

Members hold annual meetins at which time the members present elect open positions for the board of directors. Election is run by the nominating committee who normally screen any members running for these open board positions.

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is provided to each board member for review. After review and discussion, the form is approved for remittance to the irs and such action is recorded in the board minutes.

Form 990, Page 6, Part VI, Line 19

The credit union posts its financial statements in the credit union lobby for members to review. The governance documents are available in the credit union office for review upon request.

Filing and Contact Details

Filer

Filer Name
Light Commerce Credit Union
EIN
03-0505731
Phone
2818767576
Address
11233 CROWN PARK DRIVE, HOUSTON, TX 77067

Signing Officer

Name
Harlene Johnson
Title
Manager/CEO
Phone
2818767576
Signed
2015-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harlene Johnson
Formed
2004
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Lema & Associates
Address
610 E MARKET ST STE 2906, SAN ANTONIO, TX 78205-2680
Preparer
Angel R Lema CPA
Phone
2102124822
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

No significant exempt purpose accomplishments during year 2014

Raw XML Appendix351 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO SIGNIFICANT EXEMPT PURPOSE ACCOMPLISHMENTS DURING YEAR 2014
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IRA V. HILLIARD BRIDGET E. HILLIARD CHAIRMAN VICE-CHAIRMA FAMILY HARLENE B. JOHNSON MALACHI JOHNSON MGR/CEO SECRETARY FAMILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LIGHT COMMERCE IS A STATE CHARTERED CREDIT UNION COMPRISED OF OWNER/MEMBERS BELONGINGL TO A COMMON FIELD OF MEMBERSHIP AND WHO HAVE PAID INTO THEIR SHARE ACCOUNTS A MINIMUM AUTHORIZED MEMBERSHIP FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS HOLD ANNUAL MEETINS AT WHICH TIME THE MEMBERS PRESENT ELECT OPEN POSITIONS FOR THE BOARD OF DIRECTORS. ELECTION IS RUN BY THE NOMINATING COMMITTEE WHO NORMALLY SCREEN ANY MEMBERS RUNNING FOR THESE OPEN BOARD POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW. AFTER REVIEW AND DISCUSSION, THE FORM IS APPROVED FOR REMITTANCE TO THE IRS AND SUCH ACTION IS RECORDED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION POSTS ITS FINANCIAL STATEMENTS IN THE CREDIT UNION LOBBY FOR MEMBERS TO REVIEW. THE GOVERNANCE DOCUMENTS ARE AVAILABLE IN THE CREDIT UNION OFFICE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW LIGHT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW LIGHT CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0760198056
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt011233 CROWN PARK DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HOUSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd077067
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt06000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt115500
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt26000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEW LIGHT CHRISTIAN CENTER CHURCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NEW LIGHT CHRISTIAN CENTER CHURCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2NEW LIGHT CHRISTIAN CENTER CHURCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02780059
IRS990/TotalAssetsEOYAmt02570447
IRS990/TotalAssetsGrp/BOYAmt02780059
IRS990/TotalAssetsGrp/EOYAmt02570447
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0122722
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02312346
IRS990/TotalLiabilitiesEOYAmt02051870
IRS990/TotalLiabilitiesGrp/BOYAmt02312346
IRS990/TotalLiabilitiesGrp/EOYAmt02051870
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0467713
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0518577
IRS990/TotalProgramServiceRevenueAmt0173179
IRS990/TotalRevenueGrp/ExclusionAmt0407
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0173179
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0173586
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02780059
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02570447
IRS990/TransactionWithControlEntInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt011233 CROWN PARK DRIVE
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077067
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LIGHTCOMMERCECU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HARLENE JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02818767576
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHT COMMERCE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0030505731
ReturnHeader/Filer/PhoneNum02818767576
ReturnHeader/Filer/USAddress/AddressLine1Txt011233 CROWN PARK DRIVE
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077067
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEMA & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0610 E MARKET ST STE 2906
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN ANTONIO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0782052680
ReturnHeader/PreparerPersonGrp/PhoneNum02102124822
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGEL R LEMA CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-02-19T19:34:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$3.84$1.09$0.31$0.20$0.12
2023Detailed filing. Detailed filing data is available for this year.$4.85$3.88$0.97$0.29$0.17$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$3.51$0.86$0.23$0.16$0.07
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.27$3.46$0.81$0.06$0.03$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.87$3.19$0.68$0.33$0.12$0.21
2019Detailed filing. Detailed filing data is available for this year.$2.78$2.19$0.59$0.32$0.12$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$2.34$0.52$0.19$0.22$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$2.12$0.54$0.17$0.15$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$2.30$0.53$0.17$0.16$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.53$1.99$0.54$0.16$0.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.57$2.05$0.52$0.17$0.12$0.05
2013Detailed filing. Detailed filing data is available for this year.$2.78$2.31$0.47$0.22$0.16$0.06
2012Summary only. Only limited summary data is available for this year.$2.35$1.94$0.41$0.26$0.17$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$2.70$0.32$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$2.11$0.21$0.17