Civic Intelligence

South Bend Post Office C U

990 • Fiscal year 2018 • EIN 35-0670808

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 01, 2019

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

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2018 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

5th percentile

0.04x

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

2018 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2018

Net Margin

84th percentile

20%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

57th percentile

$57,243

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

2018 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2018

Asset Growth

69th percentile

1.3%

Faster asset growth than 69% of similar nonprofits.

2018 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

18%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$8,917,278

Up $111,754 (+1.3%) from 2017

Net Assets

Up

$8,902,503

Up $112,821 (+1.3%) from 2017

Liabilities

Down

$14,775

Down $1,067 (-6.7%) from 2017

Revenue

Up

$386,458

Up $59,463 (+18%) from 2017

Expenses

Up

$310,967

Up $12,512 (+4.2%) from 2017

Net Income

Up

$75,491

Up $46,951 (+165%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$8,917,278
Liabilities$14,775
Net Assets$8,902,503

Operations Trend

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

2018

Revenue$386,458
Expenses$310,967
Net Income$75,491
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 1, 2019
Return Version
2018v3.1
Gross Receipts
$386,458
Mission and Program Overview

Mission

Cooperative Financial Institution

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$7,713,285$7,750,614▲ $37,329
Savings and Temporary Cash Investments$5,264,451$5,484,305▲ $219,854
Other Notes and Loans Receivable, Net$2,903,121$2,935,104▲ $31,983
Pd in Cap Srpls Land Bldg Eqp Fund$796,160$796,160→ $0
Rtn Earn Endowment Incm Other Fnds$280,237$355,729▲ $75,492
Cash and Non-Interest-Bearing Accounts$348,217$215,706▼ $132,511
Land, Buildings, and Equipment, Net$85,590$83,883▼ $1,707
Receivables From Officers Etc$55,026$53,443▼ $1,583
Total Assets$8,805,524$8,917,278▲ $111,754
Other Assets Total$149,119$144,837▼ $4,282
Liabilities
Accounts Payable and Accrued Expenses$15,842$14,775▼ $1,067
Total Liabilities$15,842$14,775▼ $1,067
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,789,682$8,902,503▲ $112,821
Total Liabilities and Net Assets / Fund Balance$8,805,524$8,917,278▲ $111,754

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,211$128,726-
Land$26,664--
Equipment$13,297$132,908-
Leasehold Improvements$10,711$6,086-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Rex BulgrienTreasurerManager$57,243$57,243

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
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$203,566
Investment Income
$116,762
Other Revenue
$66,130
Change in Net Assets
$75,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,788
Salaries, Compensation, and Employee Benefits$140,179
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$130,125--$130,125
Office Expenses$53,582--$53,582
Fees for Services Other$46,501--$46,501
Occupancy$34,537--$34,537
All Other Expenses$11,503--$11,503
Payroll Taxes$10,054--$10,054
Other Expenses$5,856--$5,856
Conferences and Meetings$1,750--$1,750
Travel$703--$703
Interest$126--$126
Total Functional Expenses$310,967$0$0$310,967
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$55,026$53,443▼ $1,583
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
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
2019-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rex Bulgrien 4 Key emp
Formed
1924
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
6
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 and deposits 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

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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/PYTotalRevenueAmt0386458
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt055026
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt053443
IRS990/ReconcilationRevenueExpnssAmt075491
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0203566
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0280237
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0355729
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05264451
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05484305
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt033211
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0128726
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0161937
IRS990ScheduleD/EquipmentGrp/BookValueAmt013297
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0132908
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0146205
IRS990ScheduleD/LandGrp/BookValueAmt026664
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt026664
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010711
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06086
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt016797
IRS990ScheduleD/TotalBookValueLandBuildingsAmt083883
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt024006
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt13759
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt28642
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt32524
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt47479
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt5992
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt65041
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt71000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd7true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd7X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Vehicle Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Personal Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Signature
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Signature
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4Vehicle Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5Auto Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6Signature
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt7Signature
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt025000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt15879
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt217000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt35000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt413412
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt523500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt65900
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt71000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Mary Zirille
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Karen Derby
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Mary Zirille
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3John Tarwacki
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4John Tarwacki
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5Clarence J Myers
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6John Tarwacki
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm7John Tarwacki
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board Secretary
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Board Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4Board Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt7Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd6true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd7true
IRS990ScheduleL/TotalBalanceDueAmt053443
IRS990/ScheduleORequiredInd0true
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 and deposits 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

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