Civic Intelligence

New Horizon Credit Union

990 • Fiscal year 2016 • EIN 37-6031101

Jan 01, 2016 to Dec 31, 2016 • Filed on May 03, 2017

Organization Profilewww.newhcu.com

View Organization Page

1019 E Fairchild StDanville, IL 61832

(217) 431-4204

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.88x

Higher debt load relative to assets than 63% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

23.84x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

13th percentile

-4.5%

Higher net margin than 13% of similar nonprofits.

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

Top Officer Pay

28th percentile

$57,368

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

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

Asset Growth

37th percentile

0.5%

Faster asset growth than 37% of similar nonprofits.

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

Revenue Growth

44th percentile

1.9%

Faster revenue growth than 44% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$12,567,143

Up $62,671 (+0.5%) from 2015

Net Assets

Down

$1,516,084

Down $20,701 (-1.3%) from 2015

Liabilities

Up

$11,051,059

Up $83,372 (+0.8%) from 2015

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin13th percentile

Revenue

Up

$463,627

Up $8,774 (+1.9%) from 2015

Expenses

Up

$484,328

Up $210 (+0.0%) from 2015

Net Income

Up

-$20,701

Up $8,564 (+29%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $10,693,422Liabilities 2010: $9,019,484Net Assets 2010: $1,673,9382010Assets 2011: $10,644,165Liabilities 2011: $8,959,901Net Assets 2011: $1,684,2642011Assets 2012: $11,680,712Liabilities 2012: $10,004,068Net Assets 2012: $1,676,6442012Assets 2013: $11,802,793Liabilities 2013: $10,194,488Net Assets 2013: $1,608,3052013Assets 2014: $12,087,088Liabilities 2014: $10,521,038Net Assets 2014: $1,566,0502014Assets 2015: $12,504,472Liabilities 2015: $10,967,687Net Assets 2015: $1,536,7852015Assets 2016: $12,567,143Liabilities 2016: $11,051,059Net Assets 2016: $1,516,0842016Assets 2017: $12,587,956Liabilities 2017: $11,075,965Net Assets 2017: $1,511,9912017Assets 2018: $12,581,028Liabilities 2018: $11,063,934Net Assets 2018: $1,517,0942018Assets 2019: $12,781,573Liabilities 2019: $11,261,479Net Assets 2019: $1,520,0942019Assets 2020: $14,178,905Liabilities 2020: $12,651,614Net Assets 2020: $1,527,2912020Assets 2021: $15,423,967Liabilities 2021: $13,968,519Net Assets 2021: $1,455,4482021

Highlighted filing

2016

Assets$12,567,143
Liabilities$11,051,059
Net Assets$1,516,084
Open 2016 Filing

Operations Trend

Revenue Growth44th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $561,0642010Expenses 2011: $546,0552011Expenses 2012: $534,2352012Revenue 2013: $473,812Expenses 2013: $542,151Net Income 2013: -$68,3392013Revenue 2014: $466,682Expenses 2014: $508,937Net Income 2014: -$42,2552014Revenue 2015: $454,853Expenses 2015: $484,118Net Income 2015: -$29,2652015Revenue 2016: $463,627Expenses 2016: $484,328Net Income 2016: -$20,7012016Revenue 2017: $495,559Expenses 2017: $499,652Net Income 2017: -$4,0932017Revenue 2018: $566,657Expenses 2018: $561,554Net Income 2018: $5,1032018Revenue 2019: $658,157Expenses 2019: $655,157Net Income 2019: $3,0002019Revenue 2020: $629,667Expenses 2020: $622,470Net Income 2020: $7,1972020Revenue 2021: $643,192Expenses 2021: $715,035Net Income 2021: -$71,8432021

Highlighted filing

2016

Revenue$463,627
Expenses$484,328
Net Income-$20,701
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 3, 2017
Return Version
2016v3.0
Gross Receipts
$463,627
Mission and Program Overview

Mission

We are committed to the "people helping people" concept of credit unions as cooperative financial institutions. We are dedicated to provide quality member products, information and services to our members.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,588,810$6,822,885▲ $234,075
Savings and Temporary Cash Investments$5,224,974$5,064,923▼ $160,051
Rtn Earn Endowment Incm Other Fnds$1,536,785$1,516,084▼ $20,701
Cash and Non-Interest-Bearing Accounts$393,709$417,181▲ $23,472
Land, Buildings, and Equipment, Net$155,685$126,356▼ $29,329
Prepaid Expenses and Deferred Charges$39,661$30,735▼ $8,926
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$12,504,472$12,567,143▲ $62,671
Other Assets Total$101,633$105,063▲ $3,430
Liabilities
Other Liabilities$10,936,207$11,024,830▲ $88,623
Accounts Payable and Accrued Expenses$31,480$26,229▼ $5,251
Total Liabilities$10,967,687$11,051,059▲ $83,372
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,536,785$1,516,084▼ $20,701
Total Liabilities and Net Assets / Fund Balance$12,504,472$12,567,143▲ $62,671

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$94,704$118,984$0
Other Land Buildings$0$0$0
Land$16,498-$0
Equipment$15,154$232,263$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Leesa HubbardPresident/ManagerFT$57,368$57,368

Board Members and Trustees

NameTitle
Sherri PhillipsChairman
John RandallSupervisory Committee Chairman
Tom HubbardVice Chairman
David BusseyDirector
Jim CollinsDirector
Karen RiceDirector
Tim CarterDirector
John MillerSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$395,511
Investment Income
$68,116
Other Revenue
$0
Change in Net Assets
$-20,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$291,278
Salaries, Compensation, and Employee Benefits$193,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$100,562
Other Expenses---$70,638
Information Technology---$59,426
Current Officers, Directors, Trustees, and Key Employees---$57,368
Office Expenses---$35,272
Depreciation Depletion---$29,329
Occupancy---$26,868
Other Employee Benefits---$22,476
Fees for Services Accounting---$18,318
Payroll Taxes---$12,644
All Other Expenses---$10,330
Payments to Affiliates---$8,555
Advertising---$3,245
Conferences and Meetings---$1,456
Fees for Services Legal---$1,235
Total Functional Expenses$0$0$0$484,328
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 and other deposits$11,024,830
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

“All depositors are members.”

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

“All members may vote at the annual meeting.”

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

“Certain actions by the board may require a vote at the annual meeting.”

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

“990 Return presented to the entire board for their review.”

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

“The Board of Directors reviews and approves all policies annually. The Supervisory Committee acts on policies of the board.”

Form 990, Part VI, Section B, Line 15

“The Supervisory Committee reviews and reports to the Board of Directors to be voted on annually.”

Form 990, Part VI, Section C, Line 19

“The governing documents are available upon request to the Board of Directors.”

Filing and Contact Details

Filer

Filer Name
New Horizon Credit Union
EIN
37-6031101
Phone
2174314204
Address
1019 E FAIRCHILD ST, DANVILLE, IL 61832

Signing Officer

Name
Leesa Hubbard
Title
President
Phone
2174314204
Signed
2017-05-03

Organization Details

Formed
1946
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
8
Raw XML Appendix371 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.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum02174314204
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011024830
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares and other deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0126356
IRS990ScheduleD/TotalLiabilityAmt011024830
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All depositors are members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All members may vote at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Certain actions by the board may require a vote at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3990 Return presented to the entire board for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors reviews and approves all policies annually. The Supervisory Committee acts on policies of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Supervisory Committee reviews and reports to the Board of Directors to be voted on annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The governing documents are available upon request to the Board of Directors.
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 B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012504472
IRS990/TotalAssetsEOYAmt012567143
IRS990/TotalAssetsGrp/BOYAmt012504472
IRS990/TotalAssetsGrp/EOYAmt012567143
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0484328
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010967687
IRS990/TotalLiabilitiesEOYAmt011051059
IRS990/TotalLiabilitiesGrp/BOYAmt010967687
IRS990/TotalLiabilitiesGrp/EOYAmt011051059
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01536785
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01516084
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0395511
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0395511
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0484328
IRS990/TotalProgramServiceRevenueAmt0395511
IRS990/TotalReportableCompFromOrgAmt057368
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0463627
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0463627
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012504472
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012567143
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01019 E Fairchild St
IRS990/USAddress/CityNm0Danville
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061832
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.newhcu.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Leesa Hubbard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02174314204
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW HORIZON CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0NEWH
ReturnHeader/Filer/EIN0376031101
ReturnHeader/Filer/PhoneNum02174314204
ReturnHeader/Filer/USAddress/AddressLine1Txt01019 E FAIRCHILD ST
ReturnHeader/Filer/USAddress/CityNm0DANVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061832
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.39.97.201
ReturnHeader/ReturnTs02017-05-03T11:10:48-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$12,567,143
Liabilities
$11,051,059
Net assets
$1,516,084
Revenue
$463,627
Expenses
$484,328
Net income
-$20,701
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.4$14.0$1.46$0.64$0.72$0.07
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$12.7$1.53$0.63$0.62$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$11.3$1.52$0.66$0.66$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$11.1$1.52$0.57$0.56$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$11.1$1.51$0.50$0.50$0.00
2016Detailed filing. Detailed filing data is available for this year.$12.6$11.1$1.52$0.46$0.48$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$11.0$1.54$0.45$0.48$0.03
2014Detailed filing. Detailed filing data is available for this year.$12.1$10.5$1.57$0.47$0.51$0.04
2013Detailed filing. Detailed filing data is available for this year.$11.8$10.2$1.61$0.47$0.54$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$10.0$1.68$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$8.96$1.68$0.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$9.02$1.67$0.56