Civic Intelligence

Light Commerce Credit Union

990 • Fiscal year 2018 • EIN 03-0505731

Jan 01, 2018 to Dec 31, 2018 • Filed on May 13, 2019

Organization Profilewww.lightcommercecu.org
11235 Crown Park DriveHouston, TX 77067

(281) 876-7576

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$2,854,006

Flat from 2018

Net Assets

Flat

$517,792

Flat from 2018

Liabilities

Flat

$2,336,214

Flat from 2018

Revenue And Expenses

Revenue

Flat

$192,108

Flat from 2018

Expenses

Flat

$215,753

Flat from 2018

Net Income

Flat

-$23,645

Flat from 2018

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 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

2018

Assets$2,854,006
Liabilities$2,336,214
Net Assets$517,792
Open 2018 Filing

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 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

2018

Revenue$192,108
Expenses$215,753
Net Income-$23,645
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$192,108
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,784,198$2,203,843▲ $419,645
Investments Program Related$743,711$634,284▼ $109,427
Rtn Earn Endowment Incm Other Fnds$541,437$517,792▼ $23,645
Prepaid Expenses and Deferred Charges$16,078$14,683▼ $1,395
Land, Buildings, and Equipment, Net$2,941$5,086▲ $2,145
Pd in Cap Srpls Land Bldg Eqp Fund$0--
Cash and Non-Interest-Bearing Accounts$98,970$-9,712▼ $108,682
Total Assets$2,659,448$2,854,006▲ $194,558
Other Assets Total$13,550$5,822▼ $7,728
Liabilities
Other Liabilities$2,092,138$2,205,172▲ $113,034
Accounts Payable and Accrued Expenses$25,873$131,042▲ $105,169
Total Liabilities$2,118,011$2,336,214▲ $218,203
Net Assets / Fund Balance
Total Net Assets Fund Balance$541,437$517,792▼ $23,645
Total Liabilities and Net Assets / Fund Balance$2,659,448$2,854,006▲ $194,558

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,086$6,055$11,141
Investment Program Related Org$500--
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Ira Van HilliardChairman
Dr Bridget HilliardVice-chairman
Irishea HilliardDirector
Malachi S JohnsonSecretary
Harlene B JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$185,477
Investment Income
$6,631
Other Revenue
$0
Change in Net Assets
$-23,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$123,947
Other Expenses$89,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$0$0$0$123,947
Office Expenses$0$0$0$56,839
Other Expenses$0$0$0$8,612
Insurance$0$0$0$7,960
Advertising$0$0$0$7,782
Fees for Services Other$0$0$0$2,588
Benefits to Members$0--$2,328
Depreciation Depletion$0$0$0$934
Conferences and Meetings$0$0$0$-139
All Other Expenses$0$0$0$-29,267
Total Functional Expenses$0$0$0$215,753
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 Share Deposits$2,205,172
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Filing and Contact Details

Filer

Filer Name
Light Commerce Credit Union
EIN
03-0505731
Phone
2818767576
Address
11235 CROWN PARK DRIVE, HOUSTON, TX 77067

Signing Officer

Name
Harlene B Johnson
Title
President
Phone
2818767576
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harlene B Johnson
Formed
2004
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
2

Preparer

Firm
Church Development Resource Group
Address
11233 CROWN PARK DR STE A, HOUSTON, TX 77067-4008
Preparer
Malachi S Johnson
Phone
2818765391
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Related Party Information Among Officers: Ira V. Hilliard, Chairman, and Bridget E. Hilliard, Vice Chairman, have a family relationship. Harlene B. Johnson, Pres./Treas., and Malachi S. Johnson, Secretary, have a family relationship.”

Pt VI, Line 6

“Classes of Members or Stockholders: Light Commerce Credit Union is a state chartered credit union of owner/members belonging to a common field of membership and who have paid into their Share Accounts a minimum authorized membership fee.”

Pt VI, Line 7A

“Election of Members and Their Rights: Members hold Annual Meetings 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.”

Pt VI, Line 11B

“Organization's Process to Review Form 990: 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.”

Pt VI, Line 19

“Governing Documents Disclosure Explanation: 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 for review upon request.”

Form 990, Part IX, Line 24E

“FISERV-BILL PAY 3508.”

Form 990, Part IX, Line 24E

“State operating fee 1930.”

Form 990, Part IX, Line 24E

“SWATCHA DUES 468.”

Form 990, Part IX, Line 24E

“Plastic card losses 1043.”

Form 990, Part IX, Line 24E

“Other non-operating items -36268.”

Form 990, Part IX, Line 24E

“CHECK LOSSES 52.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Related Party Information Among Officers: Ira V. Hilliard, Chairman, and Bridget E. Hilliard, Vice Chairman, have a family relationship. Harlene B. Johnson, Pres./Treas., and Malachi S. Johnson, Secretary, have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Classes of Members or Stockholders: Light Commerce Credit Union is a state chartered credit union of owner/members belonging to a common field of membership and who have paid into their Share Accounts a minimum authorized membership fee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Election of Members and Their Rights: Members hold Annual Meetings 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/ExplanationTxt3Organization's Process to Review Form 990: 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing Documents Disclosure Explanation: 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 for review upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FISERV-BILL PAY 3508.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6STATE OPERATING FEE 1930.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SWATCHA DUES 468.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PLASTIC CARD LOSSES 1043.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OTHER NON-OPERATING ITEMS -36268.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CHECK LOSSES 52.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
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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
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt00
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0N/A
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEW LIGHT CHRISTIAN CENTER CHURCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0n
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02659448
IRS990/TotalAssetsEOYAmt02854006
IRS990/TotalAssetsGrp/BOYAmt02659448
IRS990/TotalAssetsGrp/EOYAmt02854006
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0215753
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02118011
IRS990/TotalLiabilitiesEOYAmt02336214
IRS990/TotalLiabilitiesGrp/BOYAmt02118011
IRS990/TotalLiabilitiesGrp/EOYAmt02336214
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0541437
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0517792
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0185477
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06631
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0185477
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192108
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02659448
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02854006
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011235 CROWN PARK DR
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077067
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.lightcommercecu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HARLENE B JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02818767576
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHT COMMERCE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0030505731
ReturnHeader/Filer/PhoneNum02818767576
ReturnHeader/Filer/USAddress/AddressLine1Txt011235 CROWN PARK DRIVE
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.109.23.162
ReturnHeader/FilingSecurityInformation/IPDt02019-05-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm014:55:57
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHURCH DEVELOPMENT RESOURCE GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011233 CROWN PARK DR STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,854,006
Liabilities
$2,336,214
Net assets
$517,792
Revenue
$192,108
Expenses
$215,753
Net income
-$23,645
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
2018Detailed filing. Detailed filing data is available for this year.$2.85$2.34$0.52$0.19$0.22$0.02
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