Liabilities / Assets
48th percentile
Higher debt load relative to assets than 48% of similar nonprofits.
Credit Unions Chartered in the State of Michigan
990 • Fiscal year 2017 • EIN 38-1543701
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.89x
Liabilities / Revenue
13th percentile
Higher debt load relative to revenue than 13% of similar nonprofits.
Net Margin
43rd percentile
Higher net margin than 43% of similar nonprofits.
Top Officer Pay
22nd percentile
Higher top officer pay than 22% of similar nonprofits.
Top officer pay equals 1.3% of source-year revenue.
Asset Growth
71st percentile
Faster asset growth than 71% of similar nonprofits.
Revenue Growth
49th percentile
Faster revenue growth than 49% of similar nonprofits.
Balance Sheet
Assets
Up$176,318,387
Up $9,171,585 (+5.5%) from 2016
Net Assets
Up$19,339,455
Up $1,375,984 (+7.7%) from 2016
Liabilities
Up$156,978,932
Up $7,795,601 (+5.2%) from 2016
Revenue And Expenses
Revenue
Up$11,787,191
Up $695,527 (+6.3%) from 2016
Expenses
Down$10,715,405
Down $581,525 (-5.1%) from 2016
Net Income
Up$1,071,786
Up $1,277,052 (+622%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Aug 3, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $11,937,541
Mission and Program Overview
Mission
To provide and promote a wide range of financial services to help our members gain personal financial success.
To provide financial services to member owners with a common bond.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $122,749,945 | $136,509,467 | ▲ $13,759,522 |
| Rtn Earn Endowment Incm Other Fnds | $17,963,471 | $19,339,455 | ▲ $1,375,984 |
| Investments in Publicly Traded Securities | $12,436,315 | $15,029,359 | ▲ $2,593,044 |
| Land, Buildings, and Equipment, Net | $6,087,920 | $6,043,182 | ▼ $44,738 |
| Investments Other Securities | $2,882,382 | $5,419,637 | ▲ $2,537,255 |
| Savings and Temporary Cash Investments | $15,315,613 | $4,900,893 | ▼ $10,414,720 |
| Cash and Non-Interest-Bearing Accounts | $1,150,513 | $1,722,474 | ▲ $571,961 |
| Prepaid Expenses and Deferred Charges | $701,444 | $676,037 | ▼ $25,407 |
| Receivables From Officers Etc | $500,000 | $547,238 | ▲ $47,238 |
| Accounts Receivable | $664,268 | $510,695 | ▼ $153,573 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $167,146,802 | $176,318,387 | ▲ $9,171,585 |
| Other Assets Total | $4,658,402 | $4,959,405 | ▲ $301,003 |
| Liabilities | |||
| Other Liabilities | $147,980,468 | $155,441,750 | ▲ $7,461,282 |
| Accounts Payable and Accrued Expenses | $1,202,863 | $1,537,182 | ▲ $334,319 |
| Total Liabilities | $149,183,331 | $156,978,932 | ▲ $7,795,601 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $17,963,471 | $19,339,455 | ▲ $1,375,984 |
| Total Liabilities and Net Assets / Fund Balance | $167,146,802 | $176,318,387 | ▲ $9,171,585 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,900,787 | $1,680,552 | $5,581,339 |
| Land | $1,726,565 | - | $1,726,565 |
| Equipment | $415,830 | $569,449 | $985,279 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Matthew Lahman | CEO | FT | $130,000 | $24,296 | $154,296 |
| Amber Stevens | CFO | FT | $99,767 | $15,083 | $114,850 |
Board Members and Trustees
| Name | Title |
|---|---|
| David Stuut | Chairman |
| Joseph Martin | Vice Chairman |
| Ben Danielson | Board Member |
| Brian Sacjett | Board Member |
| Jodi K Milks | Board Member |
| Rudy Callen | Board Member |
| Michelle Shinevare | Board Secretary |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Cu Answers | Core Data Processor | 6000 28TH ST SE STE 100, Grand Rapids, MI 49546 | $624,666 |
| Vantiv Holding LLC | Atm/debit Card Processor | 8500 GOVERNORS HILL DRIVE, Symmes Township, OH 45249 | $432,596 |
| Hyland Software INC | Software/consulting | 28500 CLEMENS RD, Westlake, OH 44145 | $244,026 |
| Fis | Visa Processor | 3031 N ROCKY POINT, Tampa, FL 33607 | $179,956 |
| Secant Technologies | It Services | 6395 TECHNOLOGY AVE, Kalamazoo, MI 49009 | $158,191 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $10,958,441
- Investment Income
- $443,430
- Other Revenue
- $385,320
- Change in Net Assets
- $1,071,786
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $11,787,191
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $11,787,191
- Total Revenue per Form 990
- $11,787,191
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $7,363,734 |
| Salaries, Compensation, and Employee Benefits | $3,351,671 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $2,185,947 |
| Information Technology | - | - | - | $796,756 |
| Interest | - | - | - | $722,023 |
| Other Employee Benefits | - | - | - | $666,109 |
| Office Expenses | - | - | - | $558,192 |
| Depreciation Depletion | - | - | - | $275,489 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $269,146 |
| All Other Expenses | - | - | - | $264,232 |
| Occupancy | - | - | - | $251,656 |
| Advertising | - | - | - | $251,068 |
| Payroll Taxes | - | - | - | $215,397 |
| Other Expenses | - | - | - | $208,200 |
| Fees for Services Other | - | - | - | $185,357 |
| Travel | - | - | - | $95,343 |
| Fees for Services Accounting | - | - | - | $95,144 |
| Conferences and Meetings | - | - | - | $39,140 |
| Insurance | - | - | - | $25,610 |
| Payments to Affiliates | - | - | - | $22,896 |
| Pension Plan Contributions | - | - | - | $15,072 |
| Fees for Services Legal | - | - | - | $4,452 |
| Total Functional Expenses | $0 | $0 | $0 | $10,715,405 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $10,715,405 |
| Total Expenses per Audited Statements | $10,715,405 |
| Total Expenses per Form 990 | $10,715,405 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $500,000 | $547,238 | ▲ $47,238 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Member Shares | $155,441,750 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- Audit committee
- Yes
- 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
- 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
“The credit union has a single class of members with equal rights of ownership, governance and voting.”
Form 990, Part VI, Section A, Line 7A
“Board members are nominated and then elected by mail vote by the membership. Results of the mail vote are announced at the annual meeting. Each board member is elected for a 3 year term.”
Form 990, Part VI, Section A, Line 7B
“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”
Form 990, Part VI, Section B, Line 11B
“The form 990 is thoroughly reviewed by the cfo and the ceo prior to filing. A copy is made available to the board of directors for review.”
Form 990, Part VI, Section B, Line 15
“The compensation committee is made up of selected board of directors members, which use compensation surveys to approve compensation for the ceo. The last compensation review was performed in 2017. Key employee compensation is determined by reviews conducted by the ceo and human resources and are approved by the board of directors. The last compensation review was performed in 2017.”
Form 990, Part VI, Section C, Line 19
“Monthly financial statements are posted in the credit union's lobbies. The governing documents and the conflict of interest policy are available upon request at the main office.”
Filing and Contact Details
Filer
- Filer Name
- Kalsee Credit Union
- EIN
- 38-1543701
- Phone
- 2693827800
- Address
- 2501 MILLCORK, KALAMAZOO, MI 49001
Signing Officer
- Name
- Matt Lahman
- Title
- CEO
- Phone
- 2693827800
- Signed
- 2018-08-03
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Matt Lahman
- Formed
- 1954
- Legal Domicile
- Mi
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 79
- Volunteers
- 7
Preparer
- Firm
- Doeren Mayhew
- Address
- 305 WEST BIG BEAVER ROAD, TROY, MI 48084
- Preparer
- Robert Parks CPA
- Phone
- 2482443000
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 2
“Implemented kasasa interest bearing checking accounts.”
Form 990, Part III, Line 3
“Eliminated the acquisition of shared branch transactions through co-op.”
Form 990, Part IX, Line 24E
“Maintenance 176,534. Miscellaneous 43,903. Fraud/forgeries/overdraft losses 43,795.”
FORM 990, PART XI, LINE 9:
“Retiree health benefits 158 - oci 233,806. Shared branching settlement -90,473. Equity acquired in merger 220,372.”
Form 990, Part XII, Line 2C
“There were no changes in the process of the committee that assumes responsibility of the oversight of the audit and selection of the independent auditor.”
FORM 990, PART XII, LINE 2B:
“Audited financial statements are done on a fiscal year end and tax reporting is required on a calendar year end. There are no revenue or expense items reported in the audited financial statements that are not reported in form 990.”
Financial Statement Notes
PART X, LINE 2:
“The credit union is exempt, by statute (irc section 501(c)(14)), from federal and state income taxes.”
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| IRS990/FSAuditedInd | 0 | 1 |
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| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
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| IRS990/MissionDesc | 0 | TO PROVIDE AND PROMOTE A WIDE RANGE OF FINANCIAL SERVICES TO HELP OUR MEMBERS GAIN PERSONAL FINANCIAL SUCCESS. |
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| IRS990/OtherExpensesGrp/Desc | 2 | ATM EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | VISA/PLASTIC CARD EXPEN |
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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1299560 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 780407 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 208200 |
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| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 155441750 |
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| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 525990 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 2 | 524298 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | FINANCIAL SERVICES |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | NON-MEMBER ATM FEES |
| IRS990/OtherRevenueMiscGrp/Desc | 2 | INSURANCE PRODUCTS |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 676037 |
| IRS990/PrincipalOfficerNm | 0 | MATT LAHMAN |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 3629680 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | PROVIDE 12,014 CREDIT CARD, VEHICLE, REAL ESTATE, CONSTRUCTION, UNSECURED, BUSINESS, AND LINE OF CREDIT LOANS TO MEMBERS. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | OFFER ATM & DEBIT CARD, CHECK CASHING, WIRE TRANSFER, COURTESY PAY, MONEY ORDERS, CASHIER CHECKS, ELECTRONIC BANKING, FINANCIAL COUNSELING, INVESTMENT AND INSURANCE PROGRAMS TO ALL ELIGIBLE MEMBERS. |
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| IRS990/PYRevenuesLessExpensesAmt | 0 | -205266 |
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| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
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| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 4900893 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
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| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1680552 |
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| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 415830 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 569449 |
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| IRS990ScheduleD/FootnoteTextInd | 0 | X |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER SHARES |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)(14)), FROM FEDERAL AND STATE INCOME TAXES. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
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| IRS990ScheduleJ/ClubDuesOrFeesInd | 0 | X |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | MATTHEW LAHMAN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 154296 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SubstantiationRequiredInd | 0 | 1 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | BEACON CLUB MEMBERSHIP - THIS MEMBERSHIP IS FOR KEY EMPLOYEE'S TO TAKE CLIENTS TO LUNCH/DINNER FOR BUSINESS PURPOSES ONLY. IN THE EVENT A KEY EMPLOYEE UTILIZES THE ACCOUNT FOR PERSONAL REASONS, THEY ARE RESPONSIBLE FOR THE COSTS. KALSEE PAYS $550 ANNUALLY FOR A CORPORATE MEMBERSHIP WHICH INCLUDES THE CEO, COO, CFO, AND THE BOARD OF DIRECTORS . KALSEE PAYS ANOTHER $160 FOR TWO ADDIITIONAL MEMBERS. SAM'S CLUB MEMBERSHIP WITH 8 CARDS FOR THE MANAGEMENT TEAM. BRONSON ATHLETIC CLUB MEMBERSHIP HEALTH CLUB MEMBERSHIP FOR MATT LAHMAN, PRESIDENT AND CEO. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 1A |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd | 0 | 1 |
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| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | SPLIT DOLLAR LIFE INSURANCE |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 500000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | RUDY CALLEN |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | FORMER CEO AND CURRENT MEMBER OF THE BOARD OF DIRECTORS |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 1 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 547238 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | IMPLEMENTED KASASA INTEREST BEARING CHECKING ACCOUNTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ELIMINATED THE ACQUISITION OF SHARED BRANCH TRANSACTIONS THROUGH CO-OP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BOARD MEMBERS ARE NOMINATED AND THEN ELECTED BY MAIL VOTE BY THE MEMBERSHIP. RESULTS OF THE MAIL VOTE ARE ANNOUNCED AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A 3 YEAR TERM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE FORM 990 IS THOROUGHLY REVIEWED BY THE CFO AND THE CEO PRIOR TO FILING. A COPY IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE COMPENSATION COMMITTEE IS MADE UP OF SELECTED BOARD OF DIRECTORS MEMBERS, WHICH USE COMPENSATION SURVEYS TO APPROVE COMPENSATION FOR THE CEO. THE LAST COMPENSATION REVIEW WAS PERFORMED IN 2017. KEY EMPLOYEE COMPENSATION IS DETERMINED BY REVIEWS CONDUCTED BY THE CEO AND HUMAN RESOURCES AND ARE APPROVED BY THE BOARD OF DIRECTORS. THE LAST COMPENSATION REVIEW WAS PERFORMED IN 2017. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S LOBBIES. THE GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE MAIN OFFICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | MAINTENANCE 176,534. MISCELLANEOUS 43,903. FRAUD/FORGERIES/OVERDRAFT LOSSES 43,795. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | RETIREE HEALTH BENEFITS 158 - OCI 233,806. SHARED BRANCHING SETTLEMENT -90,473. EQUITY ACQUIRED IN MERGER 220,372. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | AUDITED FINANCIAL STATEMENTS ARE DONE ON A FISCAL YEAR END AND TAX REPORTING IS REQUIRED ON A CALENDAR YEAR END. THERE ARE NO REVENUE OR EXPENSE ITEMS REPORTED IN THE AUDITED FINANCIAL STATEMENTS THAT ARE NOT REPORTED IN FORM 990. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART III, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION A, LINE 7B |
Document Assets
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Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $176,318,387
- Liabilities
- $156,978,932
- Net assets
- $19,339,455
- Revenue
- $11,787,191
- Expenses
- $10,715,405
- Net income
- $1,071,786