Civic Intelligence

Worcester Credit Union

990 • Fiscal year 2020 • EIN 04-1990205

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

81st percentile

0.92x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

25.01x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

61st percentile

12%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

49th percentile

$212,470

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

98th percentile

30%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

0.1%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$106,731,810

Up $24,897,859 (+30%) from 2019

Net Assets

Up

$8,895,628

Up $733,180 (+9.0%) from 2019

Liabilities

Up

$97,836,182

Up $24,164,679 (+33%) from 2019

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin61st percentile

Revenue

Up

$3,911,731

Up $5,508 (+0.1%) from 2019

Expenses

Down

$3,429,308

Down $217,661 (-6.0%) from 2019

Net Income

Up

$482,423

Up $223,169 (+86%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2020

Assets$106,731,810
Liabilities$97,836,182
Net Assets$8,895,628
Open 2020 Filing

Operations Trend

Revenue Growth63rd 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

2020

Revenue$3,911,731
Expenses$3,429,308
Net Income$482,423
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$3,911,731
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$56,910,300$56,540,601▼ $369,699
Investments Other Securities$11,704,852$29,127,544▲ $17,422,692
Cash and Non-Interest-Bearing Accounts$8,668,727$17,370,037▲ $8,701,310
Rtn Earn Endowment Incm Other Fnds$8,162,448$8,895,628▲ $733,180
Receivables From Officers Etc$1,800,000$2,450,000▲ $650,000
Land, Buildings, and Equipment, Net$948,176$956,374▲ $8,198
Prepaid Expenses and Deferred Charges$99,237$275,704▲ $176,467
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$81,833,951$106,731,810▲ $24,897,859
Other Assets Total$1,702,659$11,550▼ $1,691,109
Liabilities
Other Liabilities$71,757,192$97,528,287▲ $25,771,095
Mortgage Notes Payable Secured by Investment Property$1,500,000$0▼ $1,500,000
Deferred Revenue$195,579$172,035▼ $23,544
Accounts Payable and Accrued Expenses$218,732$135,860▼ $82,872
Total Liabilities$73,671,503$97,836,182▲ $24,164,679
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,162,448$8,895,628▲ $733,180
Total Liabilities and Net Assets / Fund Balance$81,833,951$106,731,810▲ $24,897,859

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$177,466$936,532$1,113,998
Buildings$206,199$824,800$1,030,999
Other Land Buildings$190,109$729,008$919,117
Land$382,600-$382,600
Other Securities$136,200--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa PerrinPresident/CEOFT$191,119$21,351$212,470
Wendy Matos SeguraAvp of Finance & HrFT$77,464$11,683$89,147

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
$10,500
Program Service Revenue
$3,002,666
Investment Income
$266,561
Other Revenue
$632,004
All Other Contributions
$500
Change in Net Assets
$482,423

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,911,731
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$76,179
Total Revenue per Audited Statements
$3,987,910
Total Revenue per Form 990
$3,911,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,107,991
Salaries, Compensation, and Employee Benefits$1,321,317
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$853,157
Occupancy---$191,561
Current Officers, Directors, Trustees, and Key Employees---$191,119
Other Employee Benefits---$162,920
Advertising---$112,236
Depreciation Depletion---$109,751
Other Expenses---$104,587
All Other Expenses---$101,785
Payroll Taxes---$82,964
Fees for Services Accounting---$72,000
Information Technology---$70,857
Pension Plan Contributions---$31,157
Conferences and Meetings---$28,217
Fees for Services Legal---$14,291
Interest---$3,447
Total Functional Expenses$0$0$0$3,429,308

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,429,308
Total Expenses per Audited Statements$3,429,308
Total Expenses per Form 990$3,429,308
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$2,450,000▲ $650,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$97,320,324
Accrued Dividends on Member Deposits$207,963
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 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
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
Lisa Perrin
Title
President
Phone
5088539966
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Perrin
Formed
1998
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
30
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 76,179.”

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 union 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 2D - OTHER ADJUSTMENTS:

“Cuso development income 76,179.”

Raw XML AppendixShowing 400 of 449 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/OtherChangesInNetAssetsAmt076179
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0162920
IRS990/OtherExpensesGrp/Desc0OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1DEPOSIT DIVIDENDS
IRS990/OtherExpensesGrp/Desc2OFFICE OPERATIONS
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt0635184
IRS990/OtherExpensesGrp/TotalAmt1384914
IRS990/OtherExpensesGrp/TotalAmt2279161
IRS990/OtherExpensesGrp/TotalAmt3104587
IRS990/OtherLiabilitiesGrp/BOYAmt071757192
IRS990/OtherLiabilitiesGrp/EOYAmt097528287
IRS990/OtherRevenueMiscGrp/BusinessCd0523000
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0CUSO DEVELOPMENT INCOM
IRS990/OtherRevenueMiscGrp/Desc1OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0574222
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt138468
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0574222
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt157782
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt019314
IRS990/OtherRevenueTotalAmt0632004
IRS990/OtherSalariesAndWagesGrp/TotalAmt0853157
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt056910300
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt056540601
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt082964
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt031157
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt099237
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0275704
IRS990/PrincipalOfficerNm0LISA PERRIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02370979
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1631687
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02370979
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1631687
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0336875
IRS990/PYOtherExpensesAmt02126788
IRS990/PYOtherRevenueAmt094518
IRS990/PYProgramServiceRevenueAmt03474830
IRS990/PYRevenuesLessExpensesAmt0259254
IRS990/PYSalariesCompEmpBnftPaidAmt01520181
IRS990/PYTotalExpensesAmt03646969
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03906223
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01800000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt02450000
IRS990/ReconcilationRevenueExpnssAmt0482423
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08162448
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08895628
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0206199
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0824800
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01030999
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03429308
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0382600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0382600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0177466
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0936532
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01113998
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0190109
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0729008
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0919117
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt097320324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1207963
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED DIVIDENDS ON MEMBER DEPOSITS
IRS990ScheduleD/OtherRevenueAmt076179
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt028991344
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1136200
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FHLB CAPITAL STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt076179
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03911731
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE CREDIT UNION 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 INCOME 76,179.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0956374
IRS990ScheduleD/TotalBookValueSecuritiesAmt029127544
IRS990ScheduleD/TotalExpensesPerForm990Amt03429308
IRS990ScheduleD/TotalLiabilityAmt097528287
IRS990ScheduleD/TotalRevenuePerForm990Amt03911731
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03987910
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03429308
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0191119
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07394
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013957
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LISA PERRIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0212470
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02450000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SPLIT DOLLAR LIFE INSURANCE AGREEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt02450000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0KAREN DUFFY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0FORMER PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt02450000
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 76,179.
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt081833951
IRS990/TotalAssetsEOYAmt0106731810
IRS990/TotalAssetsGrp/BOYAmt081833951
IRS990/TotalAssetsGrp/EOYAmt0106731810
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt010500
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/TotalAmt03429308
IRS990/TotalGrossUBIAmt019314
IRS990/TotalLiabilitiesBOYAmt073671503
IRS990/TotalLiabilitiesEOYAmt097836182
IRS990/TotalLiabilitiesGrp/BOYAmt073671503
IRS990/TotalLiabilitiesGrp/EOYAmt097836182
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08162448
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08895628
IRS990/TotalOtherCompensationAmt033034
IRS990/TotalProgramServiceRevenueAmt03002666
IRS990/TotalReportableCompFromOrgAmt0268583
IRS990/TotalRevenueGrp/ExclusionAmt0266561
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03615356
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03911731

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$106,731,810
Liabilities
$97,836,182
Net assets
$8,895,628
Revenue
$3,911,731
Expenses
$3,429,308
Net income
$482,423
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