Civic Intelligence

Maternity Bvm Credit Union

990 • Fiscal year 2019 • EIN 36-2406571

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 28, 2020

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

70th percentile

0.89x

Higher debt load relative to assets than 70% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

32.76x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Net Margin

25th percentile

3.3%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$65,678

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 20.5% of source-year revenue.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Asset Growth

51st percentile

1.8%

Faster asset growth than 51% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

8.7%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$11,848,242

Up $209,104 (+1.8%) from 2018

Net Assets

Up

$1,353,085

Up $10,714 (+0.8%) from 2018

Liabilities

Up

$10,495,157

Up $198,390 (+1.9%) from 2018

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin25th percentile

Revenue

Up

$320,362

Up $25,690 (+8.7%) from 2018

Expenses

Up

$309,648

Up $17,622 (+6.0%) from 2018

Net Income

Up

$10,714

Up $8,068 (+305%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2019

Assets$11,848,242
Liabilities$10,495,157
Net Assets$1,353,085
Open 2019 Filing

Operations Trend

Revenue Growth69th 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

2019

Revenue$320,362
Expenses$309,648
Net Income$10,714
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 28, 2020
Return Version
2019v5.0
Gross Receipts
$324,801
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
Other Notes and Loans Receivable, Net$6,110,393$6,640,414▲ $530,021
Savings and Temporary Cash Investments$4,579,000$4,375,000▼ $204,000
Rtn Earn Endowment Incm Other Fnds$1,342,371$1,353,085▲ $10,714
Cash and Non-Interest-Bearing Accounts$767,557$657,532▼ $110,025
Land, Buildings, and Equipment, Net$44,767$43,400▼ $1,367
Prepaid Expenses and Deferred Charges$11,996$8,948▼ $3,048
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$11,639,138$11,848,242▲ $209,104
Other Assets Total$125,425$122,948▼ $2,477
Liabilities
Other Liabilities$10,269,660$10,467,889▲ $198,229
Accounts Payable and Accrued Expenses$27,107$27,268▲ $161
Total Liabilities$10,296,767$10,495,157▲ $198,390
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,342,371$1,353,085▲ $10,714
Total Liabilities and Net Assets / Fund Balance$11,639,138$11,848,242▲ $209,104

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,460$94,488$120,948
Equipment$6,940$101,026$107,966
Land$10,000-$10,000
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa LillisTreasurerFT$50,134$15,544$65,678
Jeanne BalberSecretaryPT$10,554$509$11,063

Board Members and Trustees

NameTitle
David AndersonChairman
Marsha SaathoffVice Chair
Anne FigusDirector
Christopher BurnsDirector
Robert J Lampley JrDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$225,939
Investment Income
$91,859
Other Revenue
$2,564
Change in Net Assets
$10,714

Audited Revenue Reconciliation

Revenue per Audited Statements
$324,801
Revenue Not Reported on Financial Statements
$-4,439
Other Revenue Adjustments
$-4,439
Total Revenue per Audited Statements
$324,801
Total Revenue per Form 990
$320,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$160,876
Other Expenses$148,772
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---$76,741
Other Salaries and Wages---$67,810
Interest---$48,516
Fees for Services Other---$18,031
Insurance---$12,400
Payroll Taxes---$10,984
Depreciation Depletion---$9,763
Occupancy---$8,440
Other Expenses---$8,126
Pension Plan Contributions---$2,907
All Other Expenses---$2,809
Other Employee Benefits---$2,434
Total Functional Expenses$0$0$0$309,648

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$314,087
Expenses per Audited Statements$309,648
Total Expenses per Form 990$309,648
Expenses Not Reported on Form 990$4,439
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Members shares$10,467,889
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 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Membership consists of individuals with funds on deposit with the Credit Union. Membership is primarily open to members of Maternity BVM Church, members of St. George Catholic Church, members of St. Joseph Catholic Church, employees of Bishop McNamara Catholic School System, employees of Maternity BVM Credit Union and family members of each of these groups.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviews the Form 990 before signing and submitting.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“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
Signed
2020-04-28
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
6
Volunteers
8

Preparer

Firm
Borschnack Pelletier & Co
Address
200 E COURT ST STE 608, KANKAKEE, IL 60901-3846
Preparer
Paul A Pelletier
Phone
8159331771
Supplemental Narrative

Financial Statement Notes

Part XII, Line 2D: Other expenses and losses per audited F/S

“Rental expense $4439”

Raw XML Appendix381 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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IRS990/PYOtherExpensesAmt0141748
IRS990/PYOtherRevenueAmt097
IRS990/PYProgramServiceRevenueAmt0195401
IRS990/PYRevenuesLessExpensesAmt02646
IRS990/PYSalariesCompEmpBnftPaidAmt0150278
IRS990/PYTotalExpensesAmt0292026
IRS990/PYTotalRevenueAmt0294672
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt010714
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt01861
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01342371
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01353085
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04579000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04375000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt026460
IRS990ScheduleD/BuildingsGrp/DepreciationAmt094488
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0120948
IRS990ScheduleD/EquipmentGrp/BookValueAmt06940
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0101026
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0107966
IRS990ScheduleD/ExpensesNotReportedAmt04439
IRS990ScheduleD/ExpensesSubtotalAmt0309648
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherExpensesIncludedAmt04439
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010467889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Members shares
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-4439
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-4439
IRS990ScheduleD/RevenueSubtotalAmt0324801
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Rental expense $4439
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt043400
IRS990ScheduleD/TotalExpensesPerForm990Amt0309648
IRS990ScheduleD/TotalLiabilityAmt010467889
IRS990ScheduleD/TotalRevenuePerForm990Amt0320362
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0324801
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0314087
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Membership consists of individuals with funds on deposit with the Credit Union. Membership is primarily open to members of Maternity BVM Church, members of St. George Catholic Church, members of St. Joseph Catholic Church, employees of Bishop McNamara Catholic School System, employees of Maternity BVM Credit Union and family members of each of these groups.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Management reviews the Form 990 before signing and submitting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing body follows Illinois state chartered credit union regulations, and governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Financial statements available at www.ncua.gov
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011639138
IRS990/TotalAssetsEOYAmt011848242
IRS990/TotalAssetsGrp/BOYAmt011639138
IRS990/TotalAssetsGrp/EOYAmt011848242
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0309648
IRS990/TotalGrossUBIAmt0703
IRS990/TotalLiabilitiesBOYAmt010296767
IRS990/TotalLiabilitiesEOYAmt010495157
IRS990/TotalLiabilitiesGrp/BOYAmt010296767
IRS990/TotalLiabilitiesGrp/EOYAmt010495157
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01342371
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01353085
IRS990/TotalOtherCompensationAmt016053
IRS990/TotalProgramServiceRevenueAmt0225939
IRS990/TotalReportableCompFromOrgAmt060688
IRS990/TotalRevenueGrp/ExclusionAmt01861
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0317798
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0320362
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0703
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011639138
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011848242
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 56
IRS990/USAddress/CityNm0Bourbonnais
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060914
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0mbvmcu.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lisa Lillis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-28
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/PreparerFirmEIN0263596611
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BORSCHNACK PELLETIER & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 E COURT ST STE 608
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANKAKEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0609013846
ReturnHeader/PreparerPersonGrp/PhoneNum08159331771
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Paul A Pelletier
ReturnHeader/ReturnTs02020-04-29T11:07:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,848,242
Liabilities
$10,495,157
Net assets
$1,353,085
Revenue
$320,362
Expenses
$309,648
Net income
$10,714
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
2019Detailed filing. Detailed filing data is available for this year.$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