Civic Intelligence

Maternity Bvm Credit Union

990 • Fiscal year 2016 • EIN 36-2406571

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 19, 2017

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

64th percentile

0.88x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

37.57x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Net Margin

40th percentile

3.9%

Higher net margin than 40% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

33rd percentile

$60,145

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Asset Growth

33rd percentile

-0.0%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

36th percentile

0.6%

Faster revenue growth than 36% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$11,274,641

Down $4,822 (-0.0%) from 2015

Net Assets

Up

$1,316,681

Up $10,440 (+0.8%) from 2015

Liabilities

Down

$9,957,960

Down $15,262 (-0.2%) from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin40th percentile

Revenue

Up

$265,076

Up $1,668 (+0.6%) from 2015

Expenses

Up

$254,636

Up $17,010 (+7.2%) from 2015

Net Income

Down

$10,440

Down $15,342 (-60%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2016

Assets$11,274,641
Liabilities$9,957,960
Net Assets$1,316,681
Open 2016 Filing

Operations Trend

Revenue Growth36th 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

2016

Revenue$265,076
Expenses$254,636
Net Income$10,440
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 19, 2017
Return Version
2016v3.0
Gross Receipts
$268,159
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$6,569,231$6,300,687▼ $268,544
Other Notes and Loans Receivable, Net$4,303,090$4,732,156▲ $429,066
Rtn Earn Endowment Incm Other Fnds$1,306,241$1,316,681▲ $10,440
Investments in Publicly Traded Securities$99,829--
Land, Buildings, and Equipment, Net$55,590$58,642▲ $3,052
Cash and Non-Interest-Bearing Accounts$94,004$41,084▼ $52,920
Prepaid Expenses and Deferred Charges$11,809$6,505▼ $5,304
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$11,279,463$11,274,641▼ $4,822
Other Assets Total$145,910$135,567▼ $10,343
Liabilities
Other Liabilities$9,952,604$9,933,197▼ $19,407
Accounts Payable and Accrued Expenses$20,618$24,763▲ $4,145
Total Liabilities$9,973,222$9,957,960▼ $15,262
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,306,241$1,316,681▲ $10,440
Total Liabilities and Net Assets / Fund Balance$11,279,463$11,274,641▼ $4,822

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,913$102,831$130,744
Equipment$20,729$79,378$100,107
Land$10,000-$10,000
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa LillisTreasurerFT$55,949$4,196$60,145
Jeanne BalberDirector-$11,466-$11,466
Michael HildebrandChairman-$1,082-$1,082

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$157,087
Investment Income
$105,072
Other Revenue
$2,917
Change in Net Assets
$10,440

Audited Revenue Reconciliation

Revenue per Audited Statements
$268,159
Revenue Not Reported on Financial Statements
$-3,083
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-3,083
Total Revenue per Audited Statements
$268,159
Total Revenue per Form 990
$265,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$134,464
Other Expenses$120,172
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---$73,093
Other Salaries and Wages---$45,865
Interest---$28,626
Depreciation Depletion---$15,353
Insurance---$13,257
Information Technology---$12,542
Fees for Services Accounting---$12,521
Payroll Taxes---$8,785
Office Expenses---$8,274
Occupancy---$7,613
Advertising---$7,031
Pension Plan Contributions---$3,440
Fees for Services Legal---$3,329
Other Employee Benefits---$3,281
Conferences and Meetings---$3,031
Other Expenses---$210
Total Functional Expenses$0$0$0$254,636

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$257,719
Expenses per Audited Statements$254,636
Total Expenses per Form 990$254,636
Expenses Not Reported on Form 990$3,083
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$9,933,197
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 11B

“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
2017-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Lillis
Formed
1957
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
5
Employees
3
Volunteers
8

Preparer

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

Financial Statement Notes

Part X, Line 2:

“FIN 48 Note from Audited Financial Statements Maternity B.V.M. Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). 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 has had no unrelated business income that management believes is subject to taxation. The Credit Union's 2013 through 2016 annual information returns filed with the Internal Revenue Service are open to examination.”

Part XI, Line 4B - Other Adjustments:

“Rental expense -3,083.”

Part XII, Line 2D - Other Adjustments:

“Rental expense 3,083.”

Raw XML Appendix364 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/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherExpensesIncludedAmt03083
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09933197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Members shares
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-3083
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-3083
IRS990ScheduleD/RevenueSubtotalAmt0268159
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Note from Audited Financial Statements Maternity B.V.M. Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). 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 has had no unrelated business income that management believes is subject to taxation. The Credit Union's 2013 through 2016 annual information returns filed with the Internal Revenue Service are open to examination.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expense -3,083.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental expense 3,083.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058642
IRS990ScheduleD/TotalExpensesPerForm990Amt0254636
IRS990ScheduleD/TotalLiabilityAmt09933197
IRS990ScheduleD/TotalRevenuePerForm990Amt0265076
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0268159
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0257719
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 11b
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/TotalAssetsBOYAmt011279463
IRS990/TotalAssetsEOYAmt011274641
IRS990/TotalAssetsGrp/BOYAmt011279463
IRS990/TotalAssetsGrp/EOYAmt011274641
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0254636
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09973222
IRS990/TotalLiabilitiesEOYAmt09957960
IRS990/TotalLiabilitiesGrp/BOYAmt09973222
IRS990/TotalLiabilitiesGrp/EOYAmt09957960
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01306241
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01316681
IRS990/TotalOtherCompensationAmt04196
IRS990/TotalProgramServiceRevenueAmt0157087
IRS990/TotalReportableCompFromOrgAmt068497
IRS990/TotalRevenueGrp/ExclusionAmt0107989
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0157087
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0265076
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011279463
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011274641
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/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0mbvmcu.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Lisa Lillis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08159327131
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-19
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/FilingSecurityInformation/AtSubmissionCreationDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.84.64.45
ReturnHeader/FilingSecurityInformation/IPDt02017-04-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:03:45
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/PreparationDt02017-04-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David J Rambo
ReturnHeader/ReturnTs02017-04-18T00:00:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,274,641
Liabilities
$9,957,960
Net assets
$1,316,681
Revenue
$265,076
Expenses
$254,636
Net income
$10,440
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
2016Detailed filing. Detailed filing data is available for this year.$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