Civic Intelligence

Altura Credit Union Foundation

990 • Fiscal year 2013 • EIN 33-0625895

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 06, 2013

Organization ProfileN/A
2847 Campus ParkwaySuite92507

(888) 883-8228

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

34th percentile

0.05x

Higher debt load relative to revenue than 34% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

8th percentile

-39%

Higher net margin than 8% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

100th percentile

$6,195,293

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 11417.6% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

69th percentile

9.2%

Faster asset growth than 69% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,086,118

Up $91,601 (+9.2%) from 2012

Net Assets

Up

$1,083,663

Up $91,191 (+9.2%) from 2012

Liabilities

Up

$2,455

Up $410 (+20%) from 2012

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin8th percentile

Revenue

$54,261

No earlier filing loaded for comparison.

Expenses

Up

$75,262

Up $17,835 (+31%) from 2012

Net Income

-$21,001

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $938,679Liabilities 2010: $0Net Assets 2010: $938,6792010Assets 2011: $910,591Liabilities 2011: $2,209Net Assets 2011: $908,3822011Assets 2012: $994,517Liabilities 2012: $2,045Net Assets 2012: $992,4722012Assets 2013: $1,086,118Liabilities 2013: $2,455Net Assets 2013: $1,083,6632013Assets 2014: $1,084,577Liabilities 2014: $2,475Net Assets 2014: $1,082,1022014Assets 2015: $1,039,527Liabilities 2015: $4,374Net Assets 2015: $1,035,1532015Assets 2016: $1,507,593Liabilities 2016: $3,479Net Assets 2016: $1,504,1142016Assets 2017: $2,873,061Liabilities 2017: $5,642Net Assets 2017: $2,867,4192017Assets 2018: $3,689,981Liabilities 2018: $8,137Net Assets 2018: $3,681,8442018Assets 2019: $4,374,347Liabilities 2019: $5,940Net Assets 2019: $4,368,4072019Assets 2020: $4,887,020Liabilities 2020: $3,184Net Assets 2020: $4,883,8362020Assets 2021: $5,727,011Liabilities 2021: $1,000Net Assets 2021: $5,726,0112021Assets 2022: $5,265,009Liabilities 2022: $0Net Assets 2022: $5,265,0092022Assets 2023: $6,048,225Liabilities 2023: $0Net Assets 2023: $6,048,2252023Assets 2024: $6,926,856Liabilities 2024: $0Net Assets 2024: $6,926,8562024

Highlighted filing

2013

Assets$1,086,118
Liabilities$2,455
Net Assets$1,083,663
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $80,1282010Expenses 2011: $69,6812011Expenses 2012: $57,4272012Revenue 2013: $54,261Expenses 2013: $75,262Net Income 2013: -$21,0012013Revenue 2014: $107,731Expenses 2014: $70,622Net Income 2014: $37,1092014Revenue 2015: $101,392Expenses 2015: $69,005Net Income 2015: $32,3872015Revenue 2016: $494,005Expenses 2016: $75,260Net Income 2016: $418,7452016Revenue 2017: $1,288,054Expenses 2017: $103,473Net Income 2017: $1,184,5812017Revenue 2018: $1,319,683Expenses 2018: $117,423Net Income 2018: $1,202,2602018Revenue 2019: $330,551Expenses 2019: $120,612Net Income 2019: $209,9392019Revenue 2020: $347,179Expenses 2020: $197,822Net Income 2020: $149,3572020Revenue 2021: $628,123Expenses 2021: $115,903Net Income 2021: $512,2202021Revenue 2022: $179,373Expenses 2022: $94,571Net Income 2022: $84,8022022Revenue 2023: $296,086Expenses 2023: $141,265Net Income 2023: $154,8212023Revenue 2024: $603,472Expenses 2024: $162,851Net Income 2024: $440,6212024

Highlighted filing

2013

Revenue$54,261
Expenses$75,262
Net Income-$21,001
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 6, 2013
Return Version
2013v3.1
Gross Receipts
$54,261
Mission and Program Overview

Mission

To assist high school seniors in reaching their higher education goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$994,517$1,086,118▲ $91,601
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$994,517$1,086,118▲ $91,601
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$2,045$2,455▲ $410
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,045$2,455▲ $410
Net Assets / Fund Balance
Unrestricted Net Assets$992,472$1,083,663▲ $91,191
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$992,472$1,083,663▲ $91,191
Total Liabilities and Net Assets / Fund Balance$994,517$1,086,118▲ $91,601
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Tina CovingtonDirector$99,144$99,144

Board Members and Trustees

NameTitle
Bob FerroneDirector
Bob GrayDirector
Erin FullerDirector
Mark HawkinsDirector
Patricia McKevittDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,728
Program Service Revenue
$0
Investment Income
$50,486
Other Revenue
$47
All Other Contributions
$3,728
Change in Net Assets
$-21,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$47,000
Other Expenses$28,262
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$47,000--$47,000
Fees for Services Other$26,920--$26,920
Fees for Service Investment Mgmnt Fees$1,342--$1,342
Total Functional Expenses$75,262$0$0$75,262
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Payables$2,455
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

EIN
33-0625895
In Care Of
% MARK PEDERSEN
Phone
8888838228

Signing Officer

Name
Mark Pedersen
Title
EVP, Chief Financial Officer
Phone
9515715395
Signed
2013-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Pedersen
Formed
1994
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
3
Employees
0
Volunteers
6

Preparer

Preparer
Rosemarie Brown
Phone
9515715395
Supplemental Narrative

Additional Explanations

Form 990 Review Process

“Form 990, Part VI, Section B, Line 11b: The CFO and Controller of Altura Credit Union review the accountant-prepared Form 990 before it is filed. In addition, the CFO and Controller report on the Form 990 to the Board, after which a copy is presented to the Board.”

Conflict of Interest Policy

“Form 990, Part VI, Section B, Line 12c: Altura Credit Union Foundation operates under the auspices of Altura Credit Union, whose governing Board has a written conflict of interest policy that is regularly and consistently monitored and enforced.”

Written Whistleblower Policy

“Form 990, Part VI, Section B, Line 13 ALtura Credit Union Foundation operates under the auspices of Altura Credit Union, which has a written whistleblower policy.”

Written Document Retention and Destruction Policy

“Form 990, Part VI, Section B, Line 14: Altura Credit Union Foundation operates under the auspices of Altura Credit Union, which has a written document retention and destruction policy.”

Process for Determining Compensation of the Top Management Official

“Altura Credit Union Foundation has no paid employees.”

Form 990 Part IX Line 11G

“Description:philanthropic services fee total fees:26920”

Raw XML AppendixShowing 400 of 500 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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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0134153
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt047
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IRS990ScheduleA/PublicSupportCY509Pct00.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt031792
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt060258
IRS990ScheduleA/Total509Grp/TotalAmt0170870
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt026163
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt032587
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt095969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt062259
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt088092
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0305070
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02455
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER PAYABLES
IRS990ScheduleD/TotalLiabilityAmt02455
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt047000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0College Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt047
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Schedule I, Part I, Line 2: Scholarships awarded to students are administered through the Community Foundation of Riverside and San Bernadino Counties, in partnership with the Altura Credit Union Foundation. The trustees of the Community Foundation evaluate applicants to ensure they meet the criteria stipulated by the Altura Credit Union and the Community Foundation.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Procedure for Monitoring Grants in the U.S.
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt030809
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt111176
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0414136
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1150764
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16912
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt18763
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt17633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mark Hawkins
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Erin Fuller
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Director
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1185248
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Schedule J, Part II, Line 4b: Mark Hawkins received a non-qualified retirement plan of $5,687,656 from Altura Credit Union, a related organization, which was included in compensation in Schedule J, Part II, Column b(iii). An independent compensation consultant was hired to determine the reasonabless of the pay-out when compared to the benefit amounts of similar arrangements at similar sized credit unions.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Nonqualified Retirement Plan
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Section B, Line 11b: The CFO and Controller of Altura Credit Union review the accountant-prepared Form 990 before it is filed. In addition, the CFO and Controller report on the Form 990 to the Board, after which a copy is presented to the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Section B, Line 12c: Altura Credit Union Foundation operates under the auspices of Altura Credit Union, whose governing Board has a written conflict of interest policy that is regularly and consistently monitored and enforced.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, Part VI, Section B, Line 13 ALtura Credit Union Foundation operates under the auspices of Altura Credit Union, which has a written whistleblower policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990, Part VI, Section B, Line 14: Altura Credit Union Foundation operates under the auspices of Altura Credit Union, which has a written document retention and destruction policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Altura Credit Union Foundation has no paid employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:PHILANTHROPIC SERVICES FEE TOTAL FEES:26920
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of Interest Policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Written Whistleblower Policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Written Document Retention and Destruction Policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Process for Determining Compensation of the Top Management Official
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10Altura Credit Union
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0952023588
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(14)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Credit Union
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine102847 Campus Parkway
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0Riverside
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode092507

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,086,118
Liabilities
$2,455
Net assets
$1,083,663
Revenue
$54,261
Expenses
$75,262
Net income
-$21,001
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.93$0.00$6.93$0.60$0.16$0.44
2023Detailed filing. Detailed filing data is available for this year.$6.05$0.00$6.05$0.30$0.14$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$0.00$5.27$0.18$0.09$0.08
2021Detailed filing. Detailed filing data is available for this year.$5.73$0.00$5.73$0.63$0.12$0.51
2020Detailed filing. Detailed filing data is available for this year.$4.89$0.00$4.88$0.35$0.20$0.15
2019Detailed filing. Detailed filing data is available for this year.$4.37$0.01$4.37$0.33$0.12$0.21
2018Detailed filing. Detailed filing data is available for this year.$3.69$0.01$3.68$1.32$0.12$1.20
2017Detailed filing. Detailed filing data is available for this year.$2.87$0.01$2.87$1.29$0.10$1.18
2016Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.50$0.49$0.08$0.42
2015Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.10$0.07$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.11$0.07$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.08$0.05$0.08$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.00$0.91$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.00$0.94$0.08