Civic Intelligence

Light Commerce Credit Union

990 • Fiscal year 2020 • EIN 03-0505731

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 11, 2021

11235 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

55th percentile

0.83x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

17th percentile

9.64x

Higher debt load relative to revenue than 17% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Net Margin

100th percentile

63%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Asset Growth

99th percentile

39%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

2.2%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,870,513

Up $1,085,597 (+39%) from 2019

Net Assets

Up

$676,897

Up $85,124 (+14%) from 2019

Liabilities

Up

$3,193,616

Up $1,000,473 (+46%) from 2019

Revenue

Up

$331,199

Up $7,223 (+2.2%) from 2019

Expenses

Down

$121,077

Down $1,209 (-1.0%) from 2019

Net Income

Up

$210,122

Up $8,432 (+4.2%) from 2019

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

2020

Assets$3,870,513
Liabilities$3,193,616
Net Assets$676,897

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

2020

Revenue$331,199
Expenses$121,077
Net Income$210,122
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 11, 2021
Return Version
2020v4.1
Gross Receipts
$331,199
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$2,284,583$2,196,349▼ $88,234
Investments Program Related$436,527$1,565,434▲ $1,128,907
Rtn Earn Endowment Incm Other Fnds$591,773$676,897▲ $85,124
Cash and Non-Interest-Bearing Accounts$41,954$94,380▲ $52,426
Prepaid Expenses and Deferred Charges$8,846$5,050▼ $3,796
Land, Buildings, and Equipment, Net$4,679$3,357▼ $1,322
Total Assets$2,784,916$3,870,513▲ $1,085,597
Other Assets Total$8,327$5,943▼ $2,384
Liabilities
Other Liabilities$2,043,954$3,166,865▲ $1,122,911
Accounts Payable and Accrued Expenses$149,189$26,751▼ $122,438
Total Liabilities$2,193,143$3,193,616▲ $1,000,473
Net Assets / Fund Balance
Total Net Assets Fund Balance$591,773$676,897▲ $85,124
Total Liabilities and Net Assets / Fund Balance$2,784,916$3,870,513▲ $1,085,597

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$500--
Equipment$3,357$8,699-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$125,000
Program Service Revenue
$200,191
Investment Income
$1,110
Other Revenue
$4,898
Change in Net Assets
$210,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$119,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0
Other Expenses$-2,271

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$0$0$0$119,136
Office Expenses$0$0$0$63,862
Other Expenses$0$0$0$14,839
Insurance$0$0$0$6,846
Fees for Services Other$0$0$0$6,750
Benefits to Members$0--$4,212
Advertising$0$0$0$3,334
Depreciation Depletion$0$0$0$1,322
Conferences and Meetings$0$0$0$829
All Other Expenses$-127,292$0$0$-127,292
Total Functional Expenses$-127,292$0$0$121,077
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$3,166,865
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
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
2021-06-11
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
Preparer
Malachi S Johnson
Phone
2814138997
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.

Raw XML Appendix399 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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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03166865
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03357
IRS990ScheduleD/TotalBookValueProgramRltdAmt01565434
IRS990ScheduleD/TotalLiabilityAmt03166865
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
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/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02784916
IRS990/TotalAssetsEOYAmt03870513
IRS990/TotalAssetsGrp/BOYAmt02784916
IRS990/TotalAssetsGrp/EOYAmt03870513
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0125000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0-127292
IRS990/TotalFunctionalExpensesGrp/TotalAmt0121077
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02193143
IRS990/TotalLiabilitiesEOYAmt03193616
IRS990/TotalLiabilitiesGrp/BOYAmt02193143
IRS990/TotalLiabilitiesGrp/EOYAmt03193616
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0591773
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0676897
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0200191
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06008
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200191
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0331199
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02784916
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03870513
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HARLENE B JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02818767576
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHT COMMERCE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0030505731
ReturnHeader/Filer/PhoneNum02818767576
ReturnHeader/Filer/USAddress/AddressLine1Txt011235 CROWN PARK DRIVE
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077067
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHURCH DEVELOPMENT RESOURCE GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011233 CROWN PARK DR STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077067
ReturnHeader/PreparerPersonGrp/PhoneNum02814138997
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MALACHI S JOHNSON
ReturnHeader/ReturnTs02021-06-14T14:00:14-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HARLENE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JOHNSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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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
2020Detailed filing. Detailed filing data is available for this year.$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