Civic Intelligence

Maternity Bvm Credit Union

990 • Fiscal year 2015 • EIN 36-2406571

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 30, 2016

Organization Profilembvmcu.com
PO Box 56Bourbonnais, IL 60914

(815) 932-7131

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.88x

Higher debt load relative to assets than 62% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

37.86x

Higher debt load relative to revenue than 95% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

64th percentile

9.8%

Higher net margin than 64% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

32nd percentile

$59,410

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 22.6% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

20th percentile

-1.1%

Faster asset growth than 20% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

60th percentile

2.1%

Faster revenue growth than 60% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$11,279,463

Down $126,872 (-1.1%) from 2014

Net Assets

Up

$1,306,241

Up $25,782 (+2.0%) from 2014

Liabilities

Down

$9,973,222

Down $152,654 (-1.5%) from 2014

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin64th percentile

Revenue

Up

$263,408

Up $5,458 (+2.1%) from 2014

Expenses

Down

$237,626

Down $12,369 (-4.9%) from 2014

Net Income

Up

$25,782

Up $17,827 (+224%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$15M$10M$5.0M$0Assets 2012: $10,477,861Liabilities 2012: $9,221,921Net Assets 2012: $1,255,9402012Assets 2013: $11,395,950Liabilities 2013: $10,123,446Net Assets 2013: $1,272,5042013Assets 2014: $11,406,335Liabilities 2014: $10,125,876Net Assets 2014: $1,280,4592014Assets 2015: $11,279,463Liabilities 2015: $9,973,222Net Assets 2015: $1,306,2412015Assets 2016: $11,274,641Liabilities 2016: $9,957,960Net Assets 2016: $1,316,6812016Assets 2017: $11,453,069Liabilities 2017: $10,113,344Net Assets 2017: $1,339,7252017Assets 2018: $11,639,138Liabilities 2018: $10,296,767Net Assets 2018: $1,342,3712018Assets 2019: $11,848,242Liabilities 2019: $10,495,157Net Assets 2019: $1,353,0852019Assets 2021: $13,383,382Liabilities 2021: $11,924,662Net Assets 2021: $1,458,7202021Assets 2022: $13,531,983Liabilities 2022: $12,058,318Net Assets 2022: $1,473,6652022Assets 2024: $12,373,170Liabilities 2024: $10,930,786Net Assets 2024: $1,442,3842024

Highlighted filing

2015

Assets$11,279,463
Liabilities$9,973,222
Net Assets$1,306,241
Open 2015 Filing

Operations Trend

Revenue Growth60th percentile

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

$600K$400K$200K$0-$200KExpenses 2012: $259,4542012Revenue 2013: $270,564Expenses 2013: $254,000Net Income 2013: $16,5642013Revenue 2014: $257,950Expenses 2014: $249,995Net Income 2014: $7,9552014Revenue 2015: $263,408Expenses 2015: $237,626Net Income 2015: $25,7822015Revenue 2016: $265,076Expenses 2016: $254,636Net Income 2016: $10,4402016Revenue 2017: $283,819Expenses 2017: $260,775Net Income 2017: $23,0442017Revenue 2018: $294,672Expenses 2018: $292,026Net Income 2018: $2,6462018Revenue 2019: $320,362Expenses 2019: $309,648Net Income 2019: $10,7142019Revenue 2021: $364,456Expenses 2021: $288,697Net Income 2021: $75,7592021Revenue 2022: $451,936Expenses 2022: $436,991Net Income 2022: $14,9452022Revenue 2024: $471,728Expenses 2024: $505,774Net Income 2024: -$34,0462024

Highlighted filing

2015

Revenue$263,408
Expenses$237,626
Net Income$25,782
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 30, 2016
Return Version
2015v2.1
Gross Receipts
$267,799
Mission and Program Overview

Mission

Maternity bvm credit union is a member owned financial institution. Our mission is to provide our members with the best service possible. We are a family, working together toward financial success, one member at a time.

Illinois state chartered credit union offering financial services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,057,300$6,569,231▼ $488,069
Other Notes and Loans Receivable, Net$3,969,178$4,303,090▲ $333,912
Rtn Earn Endowment Incm Other Fnds$1,280,459$1,306,241▲ $25,782
Investments in Publicly Traded Securities$99,283$99,829▲ $546
Cash and Non-Interest-Bearing Accounts$92,847$94,004▲ $1,157
Land, Buildings, and Equipment, Net$56,486$55,590▼ $896
Accounts Receivable$28,805$44,868▲ $16,063
Prepaid Expenses and Deferred Charges$1,508$11,809▲ $10,301
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$11,406,335$11,279,463▼ $126,872
Other Assets Total$100,928$101,042▲ $114
Liabilities
Other Liabilities$10,104,212$9,952,604▼ $151,608
Accounts Payable and Accrued Expenses$21,664$20,618▼ $1,046
Total Liabilities$10,125,876$9,973,222▼ $152,654
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,280,459$1,306,241▲ $25,782
Total Liabilities and Net Assets / Fund Balance$11,406,335$11,279,463▼ $126,872

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,171$99,015$115,186
Equipment$29,419$67,840$97,259
Land$10,000-$10,000
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa LillisTreasurerFT$46,242$13,168$59,410
Jeanne BalberDirector-$2,993-$2,993
Michael HildebrandChairman-$1,545-$1,545

Board Members and Trustees

NameTitle
David AndersonVice Chairperson
Christopher BurnsDirector
Marsha SaathoffDirector
Cheryl BurnsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$138,863
Investment Income
$125,901
Other Revenue
$-1,356
Change in Net Assets
$25,782

Audited Revenue Reconciliation

Revenue per Audited Statements
$267,799
Revenue Not Reported on Financial Statements
$-4,391
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-4,391
Total Revenue per Audited Statements
$267,799
Total Revenue per Form 990
$263,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$123,147
Other Expenses$114,479
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---$62,402
Other Salaries and Wages---$47,688
Interest---$32,754
Insurance---$12,678
Depreciation Depletion---$12,576
Fees for Services Accounting---$12,384
Occupancy---$9,032
Payroll Taxes---$8,393
Information Technology---$7,668
Office Expenses---$7,498
Advertising---$4,055
Fees for Services Legal---$3,820
Conferences and Meetings---$3,812
Pension Plan Contributions---$3,577
Other Employee Benefits---$1,087
Other Expenses---$91
Total Functional Expenses$0$0$0$237,626

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$242,017
Expenses per Audited Statements$237,626
Total Expenses per Form 990$237,626
Expenses Not Reported on Form 990$4,391
Expenses Not Reported on Financial Statements$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members shares$9,952,604
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 2

“Directors Christopher Burns and Cheryl Burns have a family relationship.”

Form 990, Part VI, Section A, line 6

“Membership consists of individuals with funds on deposit with the Credit Union. Membership is open to members of Maternity BMV Church and their family members, members of St. George Catholic Church and their family members, and employes of Maternity BMV Credit Union and their family members.”

Form 990, Part VI, Section A, line 7A

“The membership participates in the annual election of the Board of Directors.”

Form 990, Part VI, Section B, line 11

“Management reviews the 990 before signing and submission.”

Form 990, Part VI, Section B, line 12C

“The governing body follows Illinois state chartered credit union regulations, and governing documents are available upon request.”

Form 990, Part VI, Section C, line 19

“Financial statements available at www.ncua.gov”

Filing and Contact Details

Filer

Filer Name
Maternity BVM Credit Union
EIN
36-2406571
Phone
8159327131
Address
PO Box 56, Bourbonnais, IL 60914

Signing Officer

Name
Lisa Lillis
Title
Treasurer
Phone
8159327131
Signed
2016-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Lillis
Formed
1957
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
5
Volunteers
8

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Avenue, Chicago, IL 60643
Preparer
Hugh J Ahern CPA
Phone
7737794720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“FIN 48 Note from Audited Financial Statements The Credit Union is exempt, by statute, from Federal income taxes under Internal Revenue Code Section 501(c)(14) and state income taxes. The tax exempt purpose of the Credit Union and the nature in which it operates is described in the first paragraph of Note 1. Management believes the Credit Union continues to operate in compliance with its tax exempt purpose. The Credit Union had no unrelated business income in 2015 and 2014 that management believes is subject to taxation. The Credit Union's 2012 through 2015 informational returns are open to examination.”

Part XI, Line 4B - Other Adjustments:

“Rental expense”

Part XII, Line 2D - Other Adjustments:

“Rental expense”

Raw XML Appendix358 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/OtherCostOrOtherBasisAmt097259
IRS990ScheduleD/ExpensesNotReportedAmt04391
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0237626
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherExpensesIncludedAmt04391
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09952604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Members shares
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-4391
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-4391
IRS990ScheduleD/RevenueSubtotalAmt0267799
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Note from Audited Financial Statements The Credit Union is exempt, by statute, from Federal income taxes under Internal Revenue Code Section 501(c)(14) and state income taxes. The tax exempt purpose of the Credit Union and the nature in which it operates is described in the first paragraph of Note 1. Management believes the Credit Union continues to operate in compliance with its tax exempt purpose. The Credit Union had no unrelated business income in 2015 and 2014 that management believes is subject to taxation. The Credit Union's 2012 through 2015 informational returns are open to examination.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expense
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental expense
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt055590
IRS990ScheduleD/TotalExpensesPerForm990Amt0237626
IRS990ScheduleD/TotalLiabilityAmt09952604
IRS990ScheduleD/TotalRevenuePerForm990Amt0263408
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0267799
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0242017
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Directors Christopher Burns and Cheryl Burns have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Membership consists of individuals with funds on deposit with the Credit Union. Membership is open to members of Maternity BMV Church and their family members, members of St. George Catholic Church and their family members, and employes of Maternity BMV Credit Union and their family members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The membership participates in the annual election of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews the 990 before signing and submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing body follows Illinois state chartered credit union regulations, and governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financial statements available at www.ncua.gov
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011406335
IRS990/TotalAssetsEOYAmt011279463
IRS990/TotalAssetsGrp/BOYAmt011406335
IRS990/TotalAssetsGrp/EOYAmt011279463
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/TotalAmt0237626
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010125876
IRS990/TotalLiabilitiesEOYAmt09973222
IRS990/TotalLiabilitiesGrp/BOYAmt010125876
IRS990/TotalLiabilitiesGrp/EOYAmt09973222
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01280459
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01306241
IRS990/TotalOtherCompensationAmt013168
IRS990/TotalProgramServiceRevenueAmt0138863
IRS990/TotalReportableCompFromOrgAmt050780
IRS990/TotalRevenueGrp/ExclusionAmt0124545
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0138863
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0263408
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011406335
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011279463
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 56
IRS990/USAddress/CityNm0Bourbonnais
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060914
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0mbvmcu.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Lisa Lillis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08159327131
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Maternity BVM Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0MATE
ReturnHeader/Filer/EIN0362406571
ReturnHeader/Filer/PhoneNum08159327131
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 56
ReturnHeader/Filer/USAddress/CityNm0Bourbonnais
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060914
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363321958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Desmond & Ahern Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010827 S Western Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060643
ReturnHeader/PreparerPersonGrp/PhoneNum07737794720
ReturnHeader/PreparerPersonGrp/PreparationDt02016-03-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Hugh J Ahern CPA
ReturnHeader/ReturnTs02016-03-31T12:40:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,279,463
Liabilities
$9,973,222
Net assets
$1,306,241
Revenue
$263,408
Expenses
$237,626
Net income
$25,782
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$10.9$1.44$0.47$0.51$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$12.1$1.47$0.45$0.44$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$11.9$1.46$0.36$0.29$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$10.5$1.35$0.32$0.31$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$10.3$1.34$0.29$0.29$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$10.1$1.34$0.28$0.26$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$9.96$1.32$0.27$0.25$0.01
2015Detailed filing. Detailed filing data is available for this year.$11.3$9.97$1.31$0.26$0.24$0.03
2014Detailed filing. Detailed filing data is available for this year.$11.4$10.1$1.28$0.26$0.25$0.01
2013Detailed filing. Detailed filing data is available for this year.$11.4$10.1$1.27$0.27$0.25$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$9.22$1.26$0.26