Civic Intelligence

Worcester Credit Union

990 • Fiscal year 2016 • EIN 04-1990205

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 20, 2017

Organization ProfileWWW.WORCESTERCU.COM

View Organization Page

520 W Boylston StreetWorcester, MA 01606

(508) 853-9966

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.91x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

21.81x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

41st percentile

6.7%

Higher net margin than 41% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

91st percentile

$218,316

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

41st percentile

3.0%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

13th percentile

-1.6%

Faster revenue growth than 13% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$78,397,660

Up $2,268,656 (+3.0%) from 2015

Net Assets

Up

$7,439,703

Up $220,149 (+3.0%) from 2015

Liabilities

Up

$70,957,957

Up $2,048,507 (+3.0%) from 2015

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin41st percentile

Revenue

Down

$3,253,859

Down $51,659 (-1.6%) from 2015

Expenses

Down

$3,034,588

Down $432,520 (-12%) from 2015

Net Income

Up

$219,271

Up $380,861 (+236%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$150M$100M$50M$0Assets 2010: $81,502,954Liabilities 2010: $73,792,622Net Assets 2010: $7,710,3322010Assets 2011: $81,103,309Liabilities 2011: $73,433,288Net Assets 2011: $7,670,0212011Assets 2012: $83,157,602Liabilities 2012: $75,588,874Net Assets 2012: $7,568,7282012Assets 2013: $81,948,734Liabilities 2013: $74,505,558Net Assets 2013: $7,443,1762013Assets 2014: $78,096,138Liabilities 2014: $70,682,606Net Assets 2014: $7,413,5322014Assets 2015: $76,129,004Liabilities 2015: $68,909,450Net Assets 2015: $7,219,5542015Assets 2016: $78,397,660Liabilities 2016: $70,957,957Net Assets 2016: $7,439,7032016Assets 2017: $80,724,729Liabilities 2017: $73,089,596Net Assets 2017: $7,635,1332017Assets 2018: $80,628,970Liabilities 2018: $72,784,704Net Assets 2018: $7,844,2662018Assets 2019: $81,833,951Liabilities 2019: $73,671,503Net Assets 2019: $8,162,4482019Assets 2020: $106,731,810Liabilities 2020: $97,836,182Net Assets 2020: $8,895,6282020Assets 2021: $107,267,095Liabilities 2021: $98,044,869Net Assets 2021: $9,222,2262021Assets 2022: $105,060,405Liabilities 2022: $98,428,333Net Assets 2022: $6,632,0722022Assets 2023: $98,463,592Liabilities 2023: $90,482,279Net Assets 2023: $7,981,3132023Assets 2024: $96,506,337Liabilities 2024: $87,743,183Net Assets 2024: $8,763,1542024

Highlighted filing

2016

Assets$78,397,660
Liabilities$70,957,957
Net Assets$7,439,703
Open 2016 Filing

Operations Trend

Revenue Growth13th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,145,6662010Expenses 2011: $4,062,0992011Revenue 2012: $3,714,960Expenses 2012: $3,819,728Net Income 2012: -$104,7682012Revenue 2013: $3,607,912Expenses 2013: $3,543,829Net Income 2013: $64,0832013Revenue 2014: $3,441,486Expenses 2014: $3,560,989Net Income 2014: -$119,5032014Revenue 2015: $3,305,518Expenses 2015: $3,467,108Net Income 2015: -$161,5902015Revenue 2016: $3,253,859Expenses 2016: $3,034,588Net Income 2016: $219,2712016Revenue 2017: $3,490,858Expenses 2017: $3,248,728Net Income 2017: $242,1302017Revenue 2018: $3,711,455Expenses 2018: $3,507,023Net Income 2018: $204,4322018Revenue 2019: $3,906,223Expenses 2019: $3,646,969Net Income 2019: $259,2542019Revenue 2020: $3,911,731Expenses 2020: $3,429,308Net Income 2020: $482,4232020Revenue 2021: $3,800,689Expenses 2021: $3,016,123Net Income 2021: $784,5662021Revenue 2022: $3,533,968Expenses 2022: $3,224,289Net Income 2022: $309,6792022Revenue 2023: $4,719,033Expenses 2023: $3,960,168Net Income 2023: $758,8652023Revenue 2024: $4,756,527Expenses 2024: $4,143,677Net Income 2024: $612,8502024

Highlighted filing

2016

Revenue$3,253,859
Expenses$3,034,588
Net Income$219,271
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 20, 2017
Return Version
2016v3.0
Gross Receipts
$3,253,859
Mission and Program Overview

Mission

Credit union without capital stock organized and operated for mutual purposes and without profit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$49,360,764$50,649,614▲ $1,288,850
Investments Other Securities$15,080,539$14,555,189▼ $525,350
Cash and Non-Interest-Bearing Accounts$7,565,284$8,582,990▲ $1,017,706
Rtn Earn Endowment Incm Other Fnds$7,219,554$7,439,703▲ $220,149
Receivables From Officers Etc$1,620,000$1,800,000▲ $180,000
Land, Buildings, and Equipment, Net$1,136,387$1,103,426▼ $32,961
Prepaid Expenses and Deferred Charges$140,455$153,456▲ $13,001
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$76,129,004$78,397,660▲ $2,268,656
Other Assets Total$1,225,575$1,552,985▲ $327,410
Liabilities
Other Liabilities$68,009,501$70,748,582▲ $2,739,081
Mortgage Notes Payable Secured by Investment Property$400,000$0▼ $400,000
Deferred Revenue$113,642$117,891▲ $4,249
Accounts Payable and Accrued Expenses$386,307$91,484▼ $294,823
Total Liabilities$68,909,450$70,957,957▲ $2,048,507
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,219,554$7,439,703▲ $220,149
Total Liabilities and Net Assets / Fund Balance$76,129,004$78,397,660▲ $2,268,656

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$316,516$738,396$1,054,912
Buildings$291,914$739,085$1,030,999
Other Land Buildings$112,396$742,116$854,512
Land$382,600-$382,600
Other Securities$125,800--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen E DuffyPresident/CEOFT$185,909$32,407$218,316
Natasha BeaulieuVP OperationsFT$73,559$4,844$78,403

Board Members and Trustees

NameTitle
Robert HenniganChairman
Paula HarrityVice-chair
David MooreDirector
John PranckeviciousDirector
Julie ParenteauDirector
Konstantin EliadiDirector
Sharon WoodburyDirector
Michael TraynorSecretary
John LauringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,909,873
Investment Income
$272,637
Other Revenue
$71,349
Change in Net Assets
$219,271

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,241,677
Revenue Not Reported on Financial Statements
$12,182
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$12,182
Total Revenue per Audited Statements
$3,241,677
Total Revenue per Form 990
$3,253,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,721,492
Salaries, Compensation, and Employee Benefits$1,313,096
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,046,153
Advertising---$232,101
Occupancy---$172,884
Other Employee Benefits---$157,707
Depreciation Depletion---$117,712
Other Expenses---$84,779
Payroll Taxes---$84,057
Fees for Services Accounting---$52,800
All Other Expenses---$44,220
Insurance---$44,177
Conferences and Meetings---$32,782
Pension Plan Contributions---$25,179
Interest---$6,275
Fees for Services Legal---$5,029
Total Functional Expenses$0$0$0$3,034,588

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,034,588
Total Expenses per Audited Statements$3,034,588
Total Expenses per Form 990$3,034,588
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,620,000$1,800,000▲ $180,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$70,692,545
Accrued Dividends on Member Deposits$56,037
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Each depositor is a member of the organization and has voting rights at the annual meeting including election of the officers and board of directors.”

Form 990, Part VI, Section A, Line 7A

“Each depositor is a member and has voting rights at the annual meeting.”

Form 990, Part VI, Section A, Line 7B

“Each depositor has voting rights to elect officers and board of directors.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the ceo and available to each member of the governing body upon request after the form 990 is filed.”

Form 990, Part VI, Section B, Line 12

“The annual review of the ceo's salary is conducted by the board of directors who make recommendations of compensation when applicable. The use of the organization's vehicle is also voted and approved by the board of directors.”

Form 990, Part VI, Section B, Line 15A

“The annual review of the ceo's salary is conducted by the board of directors who make recommendations of compensation when applicable. The use of the organization's vehicle is also voted and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by appointment.”

Filing and Contact Details

Filer

Filer Name
Worcester Credit Union
EIN
04-1990205
Phone
5088539966
Address
520 W BOYLSTON STREET, WORCESTER, MA 01606

Signing Officer

Name
Karen Duffy
Title
President
Phone
5088539966
Signed
2017-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Duffy
Formed
1998
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
9
Employees
33
Volunteers
0

Preparer

Firm
Bollus Lynch Llp
Address
89 SHREWSBURY STREET, WORCESTER, MA 01604
Preparer
Barbara E King
Phone
5087557107
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Cuso development k-1 income -12,182.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“CUSO DEVELOPMENT K-1”

Raw XML AppendixShowing 400 of 445 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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IRS990/OtherExpensesGrp/Desc2OFFICE OPERATIONS
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOSSES
IRS990/OtherExpensesGrp/TotalAmt0591700
IRS990/OtherExpensesGrp/TotalAmt1172962
IRS990/OtherExpensesGrp/TotalAmt2164071
IRS990/OtherExpensesGrp/TotalAmt384779
IRS990/OtherLiabilitiesGrp/BOYAmt068009501
IRS990/OtherLiabilitiesGrp/EOYAmt070748582
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1CUSO DEVELOPMENT INCOM
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt059167
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt112182
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt059167
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt112182
IRS990/OtherRevenueTotalAmt071349
IRS990/OtherSalariesAndWagesGrp/TotalAmt01046153
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt049360764
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt050649614
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt084057
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt025179
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0140455
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0153456
IRS990/PrincipalOfficerNm0KAREN DUFFY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02192252
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1717621
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02192252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1717621
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0288177
IRS990/PYOtherExpensesAmt02105782
IRS990/PYOtherRevenueAmt045358
IRS990/PYProgramServiceRevenueAmt02971983
IRS990/PYRevenuesLessExpensesAmt0-161590
IRS990/PYSalariesCompEmpBnftPaidAmt01361326
IRS990/PYTotalExpensesAmt03467108
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03305518
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01620000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01800000
IRS990/ReconcilationRevenueExpnssAmt0219271
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07219554
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07439703
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0291914
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0739085
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01030999
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03034588
IRS990ScheduleD/LandGrp/BookValueAmt0382600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0382600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0316516
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0738396
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01054912
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0112396
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0742116
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0854512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt070692545
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt156037
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED DIVIDENDS ON MEMBER DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt012182
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt014429389
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1125800
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FHLB CAPITAL STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt012182
IRS990ScheduleD/RevenueSubtotalAmt03241677
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CUSO DEVELOPMENT K-1
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01103426
IRS990ScheduleD/TotalBookValueSecuritiesAmt014555189
IRS990ScheduleD/TotalExpensesPerForm990Amt03034588
IRS990ScheduleD/TotalLiabilityAmt070748582
IRS990ScheduleD/TotalRevenuePerForm990Amt03253859
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03241677
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03034588
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0185909
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06277
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02586
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt023544
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KAREN E DUFFY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0218316
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01800000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SPLIT DOLLAR LIFE INSURANCE AGREEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01800000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0KAREN DUFFY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt01800000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH DEPOSITOR IS A MEMBER OF THE ORGANIZATION AND HAS VOTING RIGHTS AT THE ANNUAL MEETING INCLUDING ELECTION OF THE OFFICERS AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DEPOSITOR IS A MEMBER AND HAS VOTING RIGHTS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DEPOSITOR HAS VOTING RIGHTS TO ELECT OFFICERS AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE CEO AND AVAILABLE TO EACH MEMBER OF THE GOVERNING BODY UPON REQUEST AFTER THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ANNUAL REVIEW OF THE CEO'S SALARY IS CONDUCTED BY THE BOARD OF DIRECTORS WHO MAKE RECOMMENDATIONS OF COMPENSATION WHEN APPLICABLE. THE USE OF THE ORGANIZATION'S VEHICLE IS ALSO VOTED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ANNUAL REVIEW OF THE CEO'S SALARY IS CONDUCTED BY THE BOARD OF DIRECTORS WHO MAKE RECOMMENDATIONS OF COMPENSATION WHEN APPLICABLE. THE USE OF THE ORGANIZATION'S VEHICLE IS ALSO VOTED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CUSO DEVELOPMENT K-1 INCOME -12,182.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt076129004
IRS990/TotalAssetsEOYAmt078397660
IRS990/TotalAssetsGrp/BOYAmt076129004
IRS990/TotalAssetsGrp/EOYAmt078397660
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/TotalAmt03034588
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt068909450
IRS990/TotalLiabilitiesEOYAmt070957957
IRS990/TotalLiabilitiesGrp/BOYAmt068909450
IRS990/TotalLiabilitiesGrp/EOYAmt070957957
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07219554
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07439703
IRS990/TotalOtherCompensationAmt013707
IRS990/TotalProgramServiceRevenueAmt02909873
IRS990/TotalReportableCompFromOrgAmt0283012
IRS990/TotalRevenueGrp/ExclusionAmt0272637
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02981222
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03253859
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt076129004
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt078397660
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,397,660
Liabilities
$70,957,957
Net assets
$7,439,703
Revenue
$3,253,859
Expenses
$3,034,588
Net income
$219,271
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$96.5$87.7$8.76$4.76$4.14$0.61
2023Detailed filing. Detailed filing data is available for this year.$98.5$90.5$7.98$4.72$3.96$0.76
2022Detailed filing. Detailed filing data is available for this year.$105$98.4$6.63$3.53$3.22$0.31
2021Detailed filing. Detailed filing data is available for this year.$107$98.0$9.22$3.80$3.02$0.78
2020Detailed filing. Detailed filing data is available for this year.$107$97.8$8.90$3.91$3.43$0.48
2019Detailed filing. Detailed filing data is available for this year.$81.8$73.7$8.16$3.91$3.65$0.26
2018Detailed filing. Detailed filing data is available for this year.$80.6$72.8$7.84$3.71$3.51$0.20
2017Detailed filing. Detailed filing data is available for this year.$80.7$73.1$7.64$3.49$3.25$0.24
2016Detailed filing. Detailed filing data is available for this year.$78.4$71.0$7.44$3.25$3.03$0.22
2015Detailed filing. Detailed filing data is available for this year.$76.1$68.9$7.22$3.31$3.47$0.16
2014Detailed filing. Detailed filing data is available for this year.$78.1$70.7$7.41$3.44$3.56$0.12
2013Detailed filing. Detailed filing data is available for this year.$81.9$74.5$7.44$3.61$3.54$0.06
2012Summary only. Only limited summary data is available for this year.$83.2$75.6$7.57$3.71$3.82$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.1$73.4$7.67$4.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.5$73.8$7.71$4.15