Civic Intelligence

South Bend Post Office C U

990 • Fiscal year 2017 • EIN 35-0670808

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 22, 2018

Organization Profilewww.sbpocu.com
53790 Generations DrSouth Bend, IN 46635-1539

(574) 272-8581

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

6th percentile

0.05x

Higher debt load relative to revenue than 6% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Net Margin

70th percentile

8.7%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

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

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Asset Growth

27th percentile

-2.4%

Faster asset growth than 27% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

11%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$8,805,524

Down $217,443 (-2.4%) from 2016

Net Assets

Down

$8,789,682

Down $8,043 (-0.1%) from 2016

Liabilities

Down

$15,842

Down $209,400 (-93%) from 2016

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin70th percentile

Revenue

Up

$326,995

Up $32,071 (+11%) from 2016

Expenses

Down

$298,455

Down $7,199 (-2.4%) from 2016

Net Income

Up

$28,540

Up $39,270 (+366%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$15M$10M$5.0M$0Assets 2010: $10,184,521Liabilities 2010: $1,109Net Assets 2010: $10,183,4122010Assets 2011: $10,067,942Liabilities 2011: $1,118Net Assets 2011: $10,066,8242011Assets 2012: $10,287,012Liabilities 2012: $16,011Net Assets 2012: $10,271,0012012Assets 2013: $10,008,738Liabilities 2013: $17,423Net Assets 2013: $9,991,3152013Assets 2014: $9,645,469Liabilities 2014: $18,852Net Assets 2014: $9,626,6172014Assets 2015: $9,435,327Liabilities 2015: $24,757Net Assets 2015: $9,410,5702015Assets 2016: $9,022,967Liabilities 2016: $225,242Net Assets 2016: $8,797,7252016Assets 2017: $8,805,524Liabilities 2017: $15,842Net Assets 2017: $8,789,6822017Assets 2018: $8,917,278Liabilities 2018: $14,775Net Assets 2018: $8,902,5032018Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$8,805,524
Liabilities$15,842
Net Assets$8,789,682
Open 2017 Filing

Operations Trend

Revenue Growth88th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $539,4092010Expenses 2011: $328,5702011Expenses 2012: $336,1132012Revenue 2013: $293,385Expenses 2013: $326,229Net Income 2013: -$32,8442013Revenue 2014: $270,949Expenses 2014: $279,447Net Income 2014: -$8,4982014Revenue 2015: $269,738Expenses 2015: $329,346Net Income 2015: -$59,6082015Revenue 2016: $294,924Expenses 2016: $305,654Net Income 2016: -$10,7302016Revenue 2017: $326,995Expenses 2017: $298,455Net Income 2017: $28,5402017Revenue 2018: $386,458Expenses 2018: $310,967Net Income 2018: $75,4912018Revenue 2021: $315,966Expenses 2021: $258,424Net Income 2021: $57,5422021

Highlighted filing

2017

Revenue$326,995
Expenses$298,455
Net Income$28,540
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 22, 2018
Return Version
2017v2.2
Gross Receipts
$326,995
Mission and Program Overview

Mission

Cooperative Financial Institution

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$7,758,729$7,713,285▼ $45,444
Savings and Temporary Cash Investments$5,959,492$5,264,451▼ $695,041
Other Notes and Loans Receivable, Net$2,743,024$2,903,121▲ $160,097
Pd in Cap Srpls Land Bldg Eqp Fund$796,160$796,160→ $0
Cash and Non-Interest-Bearing Accounts-$348,217-
Rtn Earn Endowment Incm Other Fnds$251,698$280,237▲ $28,539
Land, Buildings, and Equipment, Net$94,001$85,590▼ $8,411
Receivables From Officers Etc$84,545$55,026▼ $29,519
Total Assets$9,022,967$8,805,524▼ $217,443
Other Assets Total$141,905$149,119▲ $7,214
Liabilities
Mortgage Notes Payable Secured by Investment Property$200,000--
Accounts Payable and Accrued Expenses$16,380$15,842▼ $538
Total Liabilities$216,380$15,842▼ $200,538
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,806,587$8,789,682▼ $16,905
Total Liabilities and Net Assets / Fund Balance$9,022,967$8,805,524▼ $217,443

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$32,558$129,379-
Land$26,664--
Equipment$14,006$123,169-
Leasehold Improvements$12,362$4,435-
Compensation and Service Providers
Top Officer Pay18th percentile

Board Members and Trustees

NameTitle
John TarwackiBoard Chair
Clarissa Murray-PozsgaiBoard Vice Chair
Clarence MyersBoard Member
Hulbert C Colwell IVBoard Member
Karen DerbyBoard Member
Susan BattlesBoard Member
Mary ZirilleBoard Secretary
Chuck HolmesSupv Committee
Sue NoensSupv Committee
Tom YoudblisSupv Committee
Rex BulgrienTreasurerManager
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$185,076
Investment Income
$88,378
Other Revenue
$53,541
Change in Net Assets
$28,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,556
Salaries, Compensation, and Employee Benefits$128,899
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$119,664--$119,664
Office Expenses$48,729--$48,729
Fees for Services Other$47,331--$47,331
Occupancy$33,416--$33,416
All Other Expenses$19,028--$19,028
Payroll Taxes$9,235--$9,235
Other Expenses$3,062--$3,062
Conferences and Meetings$1,400--$1,400
Travel$362--$362
Interest$245--$245
Total Functional Expenses$298,455$0$0$298,455
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$84,545$55,026▼ $29,519
Governance and Compliance

Governance Checklist

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

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Each depositor is ashareholder”

Member election for additional members Part VI line 7A

“Each shareholder may vote in the election of board members.”

Governing body decisions Part VI line 7B

“Shareholders may override the board of directors at the annual meeting”

Form 990 governing body review Part VI line 11

“Form 990 is reviewed by the Board of Directors at their meeting”

Conflict of interest policy compliance Part VI line 12C

“Each Board Member signs a new agreement to the Conflict of Interest policy each year”

CEO executive director top management comp Part VI line 15A

“Compensation for our Treasurer/Manager was determined by reviewing data provided by the Indiana Credit Union League survey as well as comparing our managers experience with the levels shown in the survey”

Other officer or key employee compensation Part VI line 15B

“Key employee compensation was determined by reviewing the Indiana Credit Union League survey and comparing it to the experience level of our key employees”

Governing documents etc available to public Part VI line 19

“Governing documents are available for review by the general public during our normal business hours”

Filing and Contact Details

Filer

Filer Name
Department of Financial Institution
EIN
35-0670808
Address
53790 Generations Dr, South Bend, IN 46635-1539
Doing Business As
South Bend Post Office Credit

Signing Officer

Name
Rex Bulgrien
Title
Treasurer Manag
Phone
5742728581
Signed
2018-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rex Bulgrien 4 Key emp
Formed
1924
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
8
Volunteers
10

Preparer

Firm
Colwells Tax Service
Address
61642 Kingston Ct, South Bend, IN 46614-6445
Preparer
Hulbert C Colwell
Phone
5742916756
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Withdrawl of shares by members”

List of other fees for services expenses Part IX line 11G

“Professional outside services: State Examiners, CPA review, and outside accounting services”

List of other expenses Part IX line 24E

“Dividends paid, Allowance for Loan Loss, and Cash Over/Short”

Raw XML AppendixShowing 400 of 477 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0123169
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IRS990ScheduleD/LandGrp/BookValueAmt026664
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt026664
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012362
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04435
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt17337
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt25013
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt38626
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt47305
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt54000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt611626
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt74805
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Vehicle Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Personal Loan
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4Vehicle Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5Signature
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6Vehicle Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt7Auto Loan
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt122358
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt25879
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt312000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt412500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt55000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt613412
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt723500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Hulbert Colwell
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Mary Zirille
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Karen Derby
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Mary Zirille
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4Mary Zirille
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5John Tarwacki
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6John Tarwacki
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm7Clarence J Myers
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board Secretary
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5Board Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6Board Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt7Board Member
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each depositor is ashareholder
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each shareholder may vote in the election of board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Shareholders may override the board of directors at the annual meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is reviewed by the Board of Directors at their meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Each Board Member signs a new agreement to the Conflict of Interest policy each year
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation for our Treasurer/Manager was determined by reviewing data provided by the Indiana Credit Union League survey as well as comparing our managers experience with the levels shown in the survey
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Key employee compensation was determined by reviewing the Indiana Credit Union League survey and comparing it to the experience level of our key employees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Governing documents are available for review by the general public during our normal business hours
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Withdrawl of shares by members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Professional outside services: State Examiners, CPA review, and outside accounting services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Dividends paid, Allowance for Loan Loss, and Cash Over/Short
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10List of other expenses Part IX line 24e
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,805,524
Liabilities
$15,842
Net assets
$8,789,682
Revenue
$326,995
Expenses
$298,455
Net income
$28,540
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.32$0.26$0.06
2018Detailed filing. Detailed filing data is available for this year.$8.92$0.01$8.90$0.39$0.31$0.08
2017Detailed filing. Detailed filing data is available for this year.$8.81$0.02$8.79$0.33$0.30$0.03
2016Detailed filing. Detailed filing data is available for this year.$9.02$0.23$8.80$0.29$0.31$0.01
2015Detailed filing. Detailed filing data is available for this year.$9.44$0.02$9.41$0.27$0.33$0.06
2014Detailed filing. Detailed filing data is available for this year.$9.65$0.02$9.63$0.27$0.28$0.01
2013Detailed filing. Detailed filing data is available for this year.$10.0$0.02$9.99$0.29$0.33$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.02$10.3$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$0.00$10.1$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.00$10.2$0.54