Civic Intelligence

Salem School System Credit Union

990 • Fiscal year 2019 • EIN 37-6026357

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 05, 2020

Organization Profilewww.salemschoolscreditunion.com
PO Box 456Salem, IL 62881

(618) 214-9456

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.70x

Higher debt load relative to assets than 22% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

51st percentile

15.68x

Higher debt load relative to revenue than 51% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Net Margin

96th percentile

34%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

26th percentile

$0

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Asset Growth

32nd percentile

-4.4%

Faster asset growth than 32% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

0.9%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$1,882,217

Down $87,067 (-4.4%) from 2018

Net Assets

Up

$558,531

Up $18,927 (+3.5%) from 2018

Liabilities

Down

$1,323,686

Down $105,994 (-7.4%) from 2018

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin96th percentile

Revenue

Up

$84,409

Up $754 (+0.9%) from 2018

Expenses

Down

$55,919

Down $3,489 (-5.9%) from 2018

Net Income

Up

$28,490

Up $4,243 (+17%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,237,422Liabilities 2011: $1,743,369Net Assets 2011: $494,0532011Assets 2012: $2,427,729Liabilities 2012: $1,933,390Net Assets 2012: $494,3392012Assets 2013: $2,458,906Liabilities 2013: $1,963,830Net Assets 2013: $495,0762013Assets 2014: $2,383,235Liabilities 2014: $1,873,501Net Assets 2014: $509,7342014Assets 2015: $2,381,980Liabilities 2015: $1,866,048Net Assets 2015: $515,9312015Assets 2016: $2,226,766Liabilities 2016: $1,706,011Net Assets 2016: $520,7552016Assets 2017: $2,114,364Liabilities 2017: $1,588,650Net Assets 2017: $525,7142017Assets 2018: $1,969,284Liabilities 2018: $1,429,680Net Assets 2018: $539,6042018Assets 2019: $1,882,217Liabilities 2019: $1,323,686Net Assets 2019: $558,5312019Assets 2020: $1,904,748Liabilities 2020: $1,326,382Net Assets 2020: $578,3662020Assets 2021: $2,284,147Liabilities 2021: $1,694,086Net Assets 2021: $590,0612021Assets 2022: $2,201,593Liabilities 2022: $1,601,468Net Assets 2022: $600,1252022Assets 2023: $2,036,312Liabilities 2023: $1,413,229Net Assets 2023: $623,0832023

Highlighted filing

2019

Assets$1,882,217
Liabilities$1,323,686
Net Assets$558,531
Open 2019 Filing

Operations Trend

Revenue Growth38th percentile

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

$150K$100K$50K$0Revenue 2011: $100,809Expenses 2011: $75,032Net Income 2011: $25,7772011Revenue 2012: $98,693Expenses 2012: $77,957Net Income 2012: $20,7362012Revenue 2013: $91,520Expenses 2013: $77,876Net Income 2013: $13,6442013Revenue 2014: $91,609Expenses 2014: $63,801Net Income 2014: $27,8082014Revenue 2015: $86,211Expenses 2015: $67,434Net Income 2015: $18,7772015Revenue 2016: $90,020Expenses 2016: $72,387Net Income 2016: $17,6332016Revenue 2017: $77,932Expenses 2017: $61,434Net Income 2017: $16,4982017Revenue 2018: $83,655Expenses 2018: $59,408Net Income 2018: $24,2472018Revenue 2019: $84,409Expenses 2019: $55,919Net Income 2019: $28,4902019Revenue 2020: $87,325Expenses 2020: $58,398Net Income 2020: $28,9272020Revenue 2021: $83,303Expenses 2021: $59,745Net Income 2021: $23,5582021Revenue 2022: $81,996Expenses 2022: $62,133Net Income 2022: $19,8632022Revenue 2023: $108,160Expenses 2023: $63,021Net Income 2023: $45,1392023

Highlighted filing

2019

Revenue$84,409
Expenses$55,919
Net Income$28,490
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 5, 2020
Return Version
2019v5.0
Gross Receipts
$84,409
Mission and Program Overview

Mission

The Board has not adpoted a mission statement

To assist our members in the management of their financial well being by providing loan, savings accounts, and other financial institution services in a friendly and professional manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$1,342,785$1,442,756▲ $99,971
Rtn Earn Endowment Incm Other Fnds$539,604$558,531▲ $18,927
Savings and Temporary Cash Investments$554,625$290,000▼ $264,625
Cash and Non-Interest-Bearing Accounts$56,030$135,207▲ $79,177
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,969,284$1,882,217▼ $87,067
Other Assets Total$15,844$14,254▼ $1,590
Liabilities
Other Liabilities$1,425,439$1,319,796▼ $105,643
Accounts Payable and Accrued Expenses$4,241$3,890▼ $351
Total Liabilities$1,429,680$1,323,686▼ $105,994
Net Assets / Fund Balance
Total Net Assets Fund Balance$539,604$558,531▲ $18,927
Total Liabilities and Net Assets / Fund Balance$1,969,284$1,882,217▼ $87,067
Compensation and Service Providers
Top Officer Pay26th percentile

Board Members and Trustees

NameTitle
Sharon SullensBoard Chairman
Bobby Frederick JrBoard Vice Chairman
Chad BryanBoard Member
Connie GrahamBoard Member
Denice PhillipsBoard member
Jacob BurkettBoard Member
Kevin BraddyBoard member
Melissa HoganBoard member
Sherry HargisBoard member
Milrea FlaniganBoard Secretary
Amy DeteringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75
Program Service Revenue
$80,066
Investment Income
$4,268
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$28,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$41,525
Other Expenses$14,394
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---$38,400
Payment Travel Entrtnmnt Publicly Ofcl---$3,363
Payroll Taxes---$3,125
Payments to Affiliates---$2,742
Fees for Services Accounting---$2,649
Other Expenses---$1,974
Insurance---$1,344
Office Expenses---$1,063
Total Functional Expenses$0$0$0$55,919
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
Shares$1,319,796
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“We had 397 Members at the end of the 2019 Fiscal Year.”

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

“The governing body is elected each year by our members at our annual meeting.”

Form 990, Part VI, Section A, Line 7B

“Approval of the members that will serve on the governing board.”

Form 990, Part VI, Section B, Line 11B

“No review is done”

Form 990, Part VI, Section C, Line 19

“Financial Statements are given to members when they arrive at the Annual Meeting. Other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Salem School System Credit Union
EIN
37-6026357
Phone
6182149456
Address
PO Box 456, Salem, IL 62881

Signing Officer

Name
Amy Detering
Title
President
Phone
6182149456
Signed
2020-11-05

Organization Details

Principal Officer
Amy Detering
Formed
1956
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
0
Employees
0
Volunteers
11
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Dividends paid”

Raw XML Appendix373 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/Form990PartVIISectionAGrp/PersonNm1Bobby Frederick Jr
IRS990/Form990PartVIISectionAGrp/PersonNm2Milrea Flanigan
IRS990/Form990PartVIISectionAGrp/PersonNm3Amy Detering
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01319796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares
IRS990ScheduleD/TotalLiabilityAmt01319796
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0We had 397 Members at the end of the 2019 Fiscal Year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing body is elected each year by our members at our annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Approval of the members that will serve on the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No review is done
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Financial Statements are given to members when they arrive at the Annual Meeting. Other documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Dividends paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01969284
IRS990/TotalAssetsEOYAmt01882217
IRS990/TotalAssetsGrp/BOYAmt01969284
IRS990/TotalAssetsGrp/EOYAmt01882217
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt075
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt055919
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01429680
IRS990/TotalLiabilitiesEOYAmt01323686
IRS990/TotalLiabilitiesGrp/BOYAmt01429680
IRS990/TotalLiabilitiesGrp/EOYAmt01323686
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0539604
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0558531
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt080066
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt084334
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt084409
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01969284
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01882217
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05163 Baker Road
IRS990/USAddress/CityNm0Salem
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd062881
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.salemschoolscreditunion.com
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0I failed to realize that the Form 990 was required to be filed online starting this year. I filed a completed copy by paper on May 11, 2020. Then I received a notification that I had not filed the return, still not realizing that the form was to be filed online this year. I sent a copy of the completed paper form again in the mail along with the response form with the notice. I recently received a letter stating it was for educational purposes only about the new electronic filing requirements. As I looked into it further, I realized that the form should have been submitted electronically this year. This will be the third attempt to submit the return all be it the first correct attempt I suppose. An exception on the penalty for late filing would be greatly appreciated since it was an oversight and the paper form was submitted by the due date. I understand now that the paper format will not be accepted, but I ask for grace for the first offense. The future form 990's will be submitted online by the due date in the future. Thank you for your consideration.
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Amy Detering
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06182149456
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SALEM SCHOOL SYSTEM CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SALE
ReturnHeader/Filer/EIN0376026357
ReturnHeader/Filer/PhoneNum06182149456
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 456
ReturnHeader/Filer/USAddress/CityNm0Salem
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd062881
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0206.125.154.84
ReturnHeader/ReturnTs02020-11-06T15:06:31-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,882,217
Liabilities
$1,323,686
Net assets
$558,531
Revenue
$84,409
Expenses
$55,919
Net income
$28,490
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$1.41$0.62$0.11$0.06$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$1.60$0.60$0.08$0.06$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$1.69$0.59$0.08$0.06$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$1.33$0.58$0.09$0.06$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.88$1.32$0.56$0.08$0.06$0.03
2018Summary only. Only limited summary data is available for this year.$1.97$1.43$0.54$0.08$0.06$0.02
2017Summary only. Only limited summary data is available for this year.$2.11$1.59$0.53$0.08$0.06$0.02
2016Summary only. Only limited summary data is available for this year.$2.23$1.71$0.52$0.09$0.07$0.02
2015Summary only. Only limited summary data is available for this year.$2.38$1.87$0.52$0.09$0.07$0.02
2014Summary only. Only limited summary data is available for this year.$2.38$1.87$0.51$0.09$0.06$0.03
2013Summary only. Only limited summary data is available for this year.$2.46$1.96$0.50$0.09$0.08$0.01
2012Summary only. Only limited summary data is available for this year.$2.43$1.93$0.49$0.10$0.08$0.02
2011Summary only. Only limited summary data is available for this year.$2.24$1.74$0.49$0.10$0.08$0.03