Civic Intelligence

Worcester Credit Union

990 • Fiscal year 2018 • EIN 04-1990205

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 06, 2019

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

74th percentile

0.90x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

19.61x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Net Margin

26th percentile

5.5%

Higher net margin than 26% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$253,519

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Asset Growth

29th percentile

-0.1%

Faster asset growth than 29% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

33rd percentile

6.3%

Faster revenue growth than 33% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$80,628,970

Down $95,759 (-0.1%) from 2017

Net Assets

Up

$7,844,266

Up $209,133 (+2.7%) from 2017

Liabilities

Down

$72,784,704

Down $304,892 (-0.4%) from 2017

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin26th percentile

Revenue

Up

$3,711,455

Up $220,597 (+6.3%) from 2017

Expenses

Up

$3,507,023

Up $258,295 (+8.0%) from 2017

Net Income

Down

$204,432

Down $37,698 (-16%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2018

Assets$80,628,970
Liabilities$72,784,704
Net Assets$7,844,266
Open 2018 Filing

Operations Trend

Revenue Growth33rd 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

2018

Revenue$3,711,455
Expenses$3,507,023
Net Income$204,432
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 6, 2019
Return Version
2018v3.1
Gross Receipts
$3,711,455
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$54,944,431$57,583,202▲ $2,638,771
Investments Other Securities$13,466,306$12,488,754▼ $977,552
Rtn Earn Endowment Incm Other Fnds$7,635,133$7,844,266▲ $209,133
Cash and Non-Interest-Bearing Accounts$7,790,329$6,002,381▼ $1,787,948
Receivables From Officers Etc$1,800,000$1,800,000→ $0
Land, Buildings, and Equipment, Net$1,039,529$940,442▼ $99,087
Prepaid Expenses and Deferred Charges$188,441$113,989▼ $74,452
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$80,724,729$80,628,970▼ $95,759
Other Assets Total$1,495,693$1,700,202▲ $204,509
Liabilities
Other Liabilities$70,021,328$71,235,276▲ $1,213,948
Mortgage Notes Payable Secured by Investment Property$2,000,000$1,000,000▼ $1,000,000
Accounts Payable and Accrued Expenses$942,242$383,477▼ $558,765
Deferred Revenue$126,026$165,951▲ $39,925
Total Liabilities$73,089,596$72,784,704▼ $304,892
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,635,133$7,844,266▲ $209,133
Total Liabilities and Net Assets / Fund Balance$80,724,729$80,628,970▼ $95,759

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$254,220$846,759$1,100,979
Buildings$257,750$773,249$1,030,999
Other Land Buildings$45,872$815,520$861,392
Land$382,600-$382,600
Other Securities$207,900--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen E DuffyPresident/CEOFT$187,124$66,395$253,519
Natasha BeaulieuVP OperationsFT$87,789$8,919$96,708

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
$3,282,945
Investment Income
$349,643
Other Revenue
$78,867
Change in Net Assets
$204,432

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,737,566
Revenue Not Reported on Financial Statements
$-26,111
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-26,111
Total Revenue per Audited Statements
$3,737,566
Total Revenue per Form 990
$3,711,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,117,167
Salaries, Compensation, and Employee Benefits$1,389,856
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$896,594
Current Officers, Directors, Trustees, and Key Employees---$224,376
Advertising---$212,288
Occupancy---$164,365
Other Expenses---$162,255
Depreciation Depletion---$151,998
Other Employee Benefits---$148,349
Payroll Taxes---$93,527
Fees for Services Accounting---$52,800
All Other Expenses---$43,437
Insurance---$37,035
Conferences and Meetings---$33,103
Pension Plan Contributions---$27,010
Interest---$7,496
Fees for Services Legal---$1,652
Total Functional Expenses$0$0$0$3,507,023

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,507,023
Total Expenses per Audited Statements$3,507,023
Total Expenses per Form 990$3,507,023
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$1,800,000$1,800,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$71,148,345
Accrued Dividends on Member Deposits$86,931
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 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
2019-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Duffy
Formed
1998
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
32
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 26,111.”

Financial Statement Notes

PART X, LINE 2:

“Management annually reviews for uncertain tax positions along with any related interest and penalties and believes that the credit u nion has no uncertain tax positions that would have a material effect, individually or in the aggregate upon the credit union's statements of financial condition, or the related statements of activities, or cash flows.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Cuso development k-1 -26,111.”

Raw XML AppendixShowing 400 of 450 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/Desc0OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOSSES
IRS990/OtherExpensesGrp/Desc2DEPOSIT DIVIDENDS
IRS990/OtherExpensesGrp/Desc3OFFICE OPERATIONS
IRS990/OtherExpensesGrp/TotalAmt0733826
IRS990/OtherExpensesGrp/TotalAmt1277029
IRS990/OtherExpensesGrp/TotalAmt2239883
IRS990/OtherExpensesGrp/TotalAmt3162255
IRS990/OtherLiabilitiesGrp/BOYAmt070021328
IRS990/OtherLiabilitiesGrp/EOYAmt071235276
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1523000
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1CUSO DEVELOPMENT INCOM
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0104978
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-26111
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0104978
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-26111
IRS990/OtherRevenueTotalAmt078867
IRS990/OtherSalariesAndWagesGrp/TotalAmt0896594
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt054944431
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt057583202
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt093527
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt027010
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0188441
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0113989
IRS990/PrincipalOfficerNm0KAREN DUFFY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02492450
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1790495
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02492450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1790495
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0317205
IRS990/PYOtherExpensesAmt01932456
IRS990/PYOtherRevenueAmt0136833
IRS990/PYProgramServiceRevenueAmt03036820
IRS990/PYRevenuesLessExpensesAmt0242130
IRS990/PYSalariesCompEmpBnftPaidAmt01316272
IRS990/PYTotalExpensesAmt03248728
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03490858
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01800000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01800000
IRS990/ReconcilationRevenueExpnssAmt0204432
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07635133
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07844266
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0257750
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0773249
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01030999
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03507023
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0382600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0382600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0254220
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0846759
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01100979
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt045872
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0815520
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0861392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt071148345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt186931
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED DIVIDENDS ON MEMBER DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-26111
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt012280854
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1207900
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FHLB CAPITAL STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-26111
IRS990ScheduleD/RevenueSubtotalAmt03737566
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE CREDIT U NION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE CREDIT UNION'S STATEMENTS OF FINANCIAL CONDITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CUSO DEVELOPMENT K-1 -26,111.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0940442
IRS990ScheduleD/TotalBookValueSecuritiesAmt012488754
IRS990ScheduleD/TotalExpensesPerForm990Amt03507023
IRS990ScheduleD/TotalLiabilityAmt071235276
IRS990ScheduleD/TotalRevenuePerForm990Amt03711455
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03737566
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03507023
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0187124
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05773
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt04608
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt056014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KAREN E DUFFY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0253519
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 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CUSO DEVELOPMENT K-1 INCOME 26,111.
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt080724729
IRS990/TotalAssetsEOYAmt080628970
IRS990/TotalAssetsGrp/BOYAmt080724729
IRS990/TotalAssetsGrp/EOYAmt080628970
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/TotalAmt03507023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073089596
IRS990/TotalLiabilitiesEOYAmt072784704
IRS990/TotalLiabilitiesGrp/BOYAmt073089596
IRS990/TotalLiabilitiesGrp/EOYAmt072784704
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07635133
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07844266
IRS990/TotalOtherCompensationAmt019300
IRS990/TotalProgramServiceRevenueAmt03282945
IRS990/TotalReportableCompFromOrgAmt0330927
IRS990/TotalRevenueGrp/ExclusionAmt0349643
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03361812
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03711455
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$80,628,970
Liabilities
$72,784,704
Net assets
$7,844,266
Revenue
$3,711,455
Expenses
$3,507,023
Net income
$204,432
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