Civic Intelligence

Maternity Bvm Credit Union

990 • Fiscal year 2022 • EIN 36-2406571

Jan 01, 2022 to Dec 31, 2022 • Filed on May 09, 2023

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

68th percentile

0.89x

Higher debt load relative to assets than 68% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

26.68x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2022

Net Margin

29th percentile

3.3%

Higher net margin than 29% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

31st percentile

$61,523

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2022

Asset Growth

61st percentile

1.1%

Faster asset growth than 61% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

24%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$13,531,983

Up $148,601 (+1.1%) from 2021

Net Assets

Up

$1,473,665

Up $14,945 (+1.0%) from 2021

Liabilities

Up

$12,058,318

Up $133,656 (+1.1%) from 2021

Revenue

Up

$451,936

Up $87,480 (+24%) from 2021

Expenses

Up

$436,991

Up $148,294 (+51%) from 2021

Net Income

Down

$14,945

Down $60,814 (-80%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$13,531,983
Liabilities$12,058,318
Net Assets$1,473,665

Operations Trend

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

2022

Revenue$451,936
Expenses$436,991
Net Income$14,945
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 9, 2023
Return Version
2022v5.0
Gross Receipts
$834,496
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$6,385,805$7,308,822▲ $923,017
Savings and Temporary Cash Investments$5,462,419$5,149,000▼ $313,419
Rtn Earn Endowment Incm Other Fnds$1,458,720$1,473,665▲ $14,945
Cash and Non-Interest-Bearing Accounts$865,942$471,994▼ $393,948
Land, Buildings, and Equipment, Net$529,489$460,749▼ $68,740
Prepaid Expenses and Deferred Charges$17,533$13,832▼ $3,701
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$13,383,382$13,531,983▲ $148,601
Other Assets Total$122,194$127,586▲ $5,392
Liabilities
Other Liabilities$11,886,885$12,018,923▲ $132,038
Accounts Payable and Accrued Expenses$37,777$39,395▲ $1,618
Total Liabilities$11,924,662$12,058,318▲ $133,656
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,458,720$1,473,665▲ $14,945
Total Liabilities and Net Assets / Fund Balance$13,383,382$13,531,983▲ $148,601

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$453,768$61,001$514,769
Equipment-$29,786$29,786
Land$6,981-$6,981
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn LuhmanVice PresidentFT$58,593$2,930$61,523
Lisa LillisPres/TreasFT$58,593$2,930$61,523
Jeanne BalberSecretaryPT$8,988$1,109$10,097

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
$6,300
Program Service Revenue
$248,144
Investment Income
$170,201
Other Revenue
$27,291
All Other Contributions
$6,300
Change in Net Assets
$14,945

Audited Revenue Reconciliation

Revenue per Audited Statements
$459,214
Revenue Not Reported on Financial Statements
$-7,278
Other Revenue Adjustments
$-7,278
Total Revenue per Audited Statements
$459,214
Total Revenue per Form 990
$451,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,089
Salaries, Compensation, and Employee Benefits$206,902
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---$150,748
Depreciation Depletion---$74,664
Other Salaries and Wages---$38,507
Interest---$33,710
Occupancy---$23,115
Fees for Services Other---$18,288
Insurance---$14,938
Payroll Taxes---$13,235
Other Expenses---$8,847
Other Employee Benefits---$3,495
Pension Plan Contributions---$917
All Other Expenses---$715
Total Functional Expenses$0$0$0$436,991

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$444,269
Expenses per Audited Statements$436,991
Total Expenses per Form 990$436,991
Expenses Not Reported on Form 990$7,278
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$12,018,923
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, Section A, Line 6

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, Section B, Line 11B

Management reviews the Form 990 before signing and submitting.

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
Signed
2023-05-09
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
5
Volunteers
8

Preparer

Firm
Borschnack Pelletier & Co
Address
200 E COURT ST STE 608, KANKAKEE, IL 60901
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 $7278

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IRS990/PensionPlanContributionsGrp/TotalAmt0917
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017533
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013832
IRS990/PrincipalOfficerNm0Lisa Lillis
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0Fee income
IRS990/ProgramServiceRevenueGrp/Desc1Interest on loans to Mbrs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027635
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1220509
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027635
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1220509
IRS990/ProgSrvcAccomActy2Grp/Desc0Credit Union pays dividends to its members on share deposit accounts at a market rate of interest. The total of members share and savings accounts at 12/31/22 was $12,018,923.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt049613
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0123486
IRS990/PYOtherRevenueAmt068231
IRS990/PYProgramServiceRevenueAmt0246612
IRS990/PYRevenuesLessExpensesAmt075759
IRS990/PYSalariesCompEmpBnftPaidAmt0165211
IRS990/PYTotalExpensesAmt0288697
IRS990/PYTotalRevenueAmt0364456
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt014945
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt09437
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01458720
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01473665
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05462419
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05149000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0453768
IRS990ScheduleD/BuildingsGrp/DepreciationAmt061001
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0514769
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029786
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029786
IRS990ScheduleD/ExpensesNotReportedAmt07278
IRS990ScheduleD/ExpensesSubtotalAmt0436991
IRS990ScheduleD/LandGrp/BookValueAmt06981
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06981
IRS990ScheduleD/OtherExpensesIncludedAmt07278
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012018923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Members shares
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-7278
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-7278
IRS990ScheduleD/RevenueSubtotalAmt0459214
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Rental expense $7278
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0460749
IRS990ScheduleD/TotalExpensesPerForm990Amt0436991
IRS990ScheduleD/TotalLiabilityAmt012018923
IRS990ScheduleD/TotalRevenuePerForm990Amt0451936
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0459214
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0444269
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, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt013383382
IRS990/TotalAssetsEOYAmt013531983
IRS990/TotalAssetsGrp/BOYAmt013383382
IRS990/TotalAssetsGrp/EOYAmt013531983
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06300
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0436991
IRS990/TotalGrossUBIAmt02450
IRS990/TotalLiabilitiesBOYAmt011924662
IRS990/TotalLiabilitiesEOYAmt012058318
IRS990/TotalLiabilitiesGrp/BOYAmt011924662
IRS990/TotalLiabilitiesGrp/EOYAmt012058318
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01458720
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01473665
IRS990/TotalOtherCompensationAmt06969
IRS990/TotalProgramServiceRevenueAmt0248144
IRS990/TotalReportableCompFromOrgAmt0126174
IRS990/TotalRevenueGrp/ExclusionAmt09437
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0433749
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0451936
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02450
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013383382
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013531983
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lisa Lillis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-09
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/IRSResponsiblePrtyInfoCurrInd0true
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/ZIPCd060901
ReturnHeader/PreparerPersonGrp/PhoneNum08159331771
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Paul A Pelletier

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