Civic Intelligence

Summit Credit Union

990 • Fiscal year 2015 • EIN 39-0230585

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 07, 2016

Organization ProfileWWW.SUMMITCREDITUNION.COM

View Organization Page

PO Box 8046Madison, WI 53708-8046

(608) 243-5000

Siviq Scores

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

Liabilities / Assets

37th percentile

0.89x

Higher debt load relative to assets than 37% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Liabilities / Revenue

45th percentile

19.60x

Higher debt load relative to revenue than 45% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Net Margin

87th percentile

27%

Higher net margin than 87% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Top Officer Pay

38th percentile

$747,048

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Asset Growth

88th percentile

15%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2014 to 2015

Revenue Growth

76th percentile

11%

Faster revenue growth than 76% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$2,388,643,118

Up $312,608,315 (+15%) from 2014

Net Assets

Up

$270,228,419

Up $28,197,929 (+12%) from 2014

Liabilities

Up

$2,118,414,699

Up $284,410,386 (+16%) from 2014

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin87th percentile

Revenue

Up

$108,064,154

Up $11,136,501 (+11%) from 2014

Expenses

Up

$79,034,215

Up $6,419,262 (+8.8%) from 2014

Net Income

Up

$29,029,939

Up $4,717,239 (+19%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$8.0B$6.0B$4.0B$2.0B$0Assets 2010: $1,581,105,305Liabilities 2010: $1,444,066,478Net Assets 2010: $137,038,8272010Assets 2011: $1,735,535,637Liabilities 2011: $1,578,800,691Net Assets 2011: $156,734,9462011Assets 2012: $1,886,824,377Liabilities 2012: $1,695,399,695Net Assets 2012: $191,424,6822012Assets 2013: $1,955,509,180Liabilities 2013: $1,739,747,505Net Assets 2013: $215,761,6752013Assets 2014: $2,076,034,803Liabilities 2014: $1,834,004,313Net Assets 2014: $242,030,4902014Assets 2015: $2,388,643,118Liabilities 2015: $2,118,414,699Net Assets 2015: $270,228,4192015Assets 2016: $2,664,821,119Liabilities 2016: $2,361,391,221Net Assets 2016: $303,429,8982016Assets 2017: $2,900,501,513Liabilities 2017: $2,560,601,385Net Assets 2017: $339,900,1282017Assets 2018: $3,224,170,223Liabilities 2018: $2,845,874,600Net Assets 2018: $378,295,6232018Assets 2019: $3,689,604,395Liabilities 2019: $3,265,770,166Net Assets 2019: $423,834,2292019Assets 2020: $4,326,305,460Liabilities 2020: $3,835,950,797Net Assets 2020: $490,354,6632020Assets 2021: $4,830,581,855Liabilities 2021: $4,275,073,315Net Assets 2021: $555,508,5402021Assets 2022: $6,224,510,320Liabilities 2022: $5,676,758,326Net Assets 2022: $547,751,9942022Assets 2023: $6,945,113,848Liabilities 2023: $6,333,434,715Net Assets 2023: $611,679,1332023Assets 2024: $7,458,311,100Liabilities 2024: $6,775,219,984Net Assets 2024: $683,091,1162024

Highlighted filing

2015

Assets$2,388,643,118
Liabilities$2,118,414,699
Net Assets$270,228,419
Open 2015 Filing

Operations Trend

Revenue Growth76th percentile

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

$600M$400M$200M$0Expenses 2010: $78,300,1012010Expenses 2011: $76,151,8482011Revenue 2012: $105,588,548Expenses 2012: $74,080,222Net Income 2012: $31,508,3262012Revenue 2013: $96,688,329Expenses 2013: $69,084,193Net Income 2013: $27,604,1362013Revenue 2014: $96,927,653Expenses 2014: $72,614,953Net Income 2014: $24,312,7002014Revenue 2015: $108,064,154Expenses 2015: $79,034,215Net Income 2015: $29,029,9392015Revenue 2016: $125,312,190Expenses 2016: $90,355,986Net Income 2016: $34,956,2042016Revenue 2017: $134,968,658Expenses 2017: $97,165,773Net Income 2017: $37,802,8852017Revenue 2018: $153,615,518Expenses 2018: $114,485,268Net Income 2018: $39,130,2502018Revenue 2019: $183,147,998Expenses 2019: $139,446,632Net Income 2019: $43,701,3662019Revenue 2020: $218,688,178Expenses 2020: $159,633,124Net Income 2020: $59,055,0542020Revenue 2021: $218,937,515Expenses 2021: $141,564,545Net Income 2021: $77,372,9702021Revenue 2022: $231,091,693Expenses 2022: $179,735,655Net Income 2022: $51,356,0382022Revenue 2023: $344,575,674Expenses 2023: $293,446,606Net Income 2023: $51,129,0682023Revenue 2024: $453,854,644Expenses 2024: $395,405,737Net Income 2024: $58,448,9072024

Highlighted filing

2015

Revenue$108,064,154
Expenses$79,034,215
Net Income$29,029,939
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 7, 2016
Return Version
2015v2.1
Gross Receipts
$113,784,236
Mission and Program Overview

Mission

A cooperative, nonprofit corporation, incorporated under wisconsin state law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,553,622,289$1,809,793,814▲ $256,171,525
Investments Other Securities$407,029,179$343,214,976▼ $63,814,203
Rtn Earn Endowment Incm Other Fnds$242,030,490$270,228,419▲ $28,197,929
Savings and Temporary Cash Investments$12,049,970$97,299,082▲ $85,249,112
Land, Buildings, and Equipment, Net$49,342,475$54,093,965▲ $4,751,490
Investments Program Related-$40,478,673-
Cash and Non-Interest-Bearing Accounts$20,574,303$7,873,275▼ $12,701,028
Prepaid Expenses and Deferred Charges$1,728,002$2,331,541▲ $603,539
Accounts Receivable$1,473,163$1,591,231▲ $118,068
Receivables From Officers Etc$430,000$645,000▲ $215,000
Intangible Assets$75,878$480,447▲ $404,569
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,076,034,803$2,388,643,118▲ $312,608,315
Other Assets Total$29,709,544$30,841,114▲ $1,131,570
Liabilities
Other Liabilities$1,753,298,214$1,956,730,717▲ $203,432,503
Mortgage Notes Payable Secured by Investment Property$55,130,840$131,112,881▲ $75,982,041
Accounts Payable and Accrued Expenses$24,645,151$29,523,634▲ $4,878,483
Escrow Account Liability$930,108$1,047,467▲ $117,359
Total Liabilities$1,834,004,313$2,118,414,699▲ $284,410,386
Net Assets / Fund Balance
Total Net Assets Fund Balance$242,030,490$270,228,419▲ $28,197,929
Total Liabilities and Net Assets / Fund Balance$2,076,034,803$2,388,643,118▲ $312,608,315

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,351,668$17,231,234$52,582,902
Equipment$5,759,685$16,255,995$22,015,680
Land$10,569,934-$10,569,934
Leasehold Improvements$1,001,004$1,328,388$2,329,392
Other Land Buildings$1,411,674-$1,411,674
Other Securities$6,078,012--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim SponemCEO/presidentFT$491,379$255,669$747,048
Keith PetersonCFOFT$201,593$252,458$454,051
Rebecca GerothanasSVP OperationsFT$181,635$95,706$277,341
Adam PelletterMortgage Loan OfficerFT$197,578$42,565$240,143
Donald GriffinMortgage Loan OfficerFT$186,269$27,731$214,000
Christopher HefterVP ItFT$152,704$60,862$213,566
Christopher SchellSVP MarketingFT$144,144$59,457$203,601
Mary ByrdMortgage Loan OfficerFT$150,283$49,851$200,134
Joanne BelangerVP Digital MarketingFT$141,769$53,108$194,877
Eric MathiasVP Retail DevelopmentFT$138,204$55,541$193,745
Daniel MilbrandtChief Lending OfficerFT$104,698$88,991$193,689
Steven HansenMortgage Loan OfficerFT$145,702$37,992$183,694
Jeremy EpplerVP Risk ManagementFT$133,024$40,026$173,050

Board Members and Trustees

NameTitle
MIKE O'BRIENChair
John LitscherVice Chair
Bob LindnerDirector
Dan KaiserDirector
Dennis SaueyDirector
Mary TurkeDirector
Stefanie NorvaisasDirector
Sue RacineDirector
Mike SchenkSecretary
David ReszelTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jh Findorff & Son INCConstruction Contractor330 S BEDFORD ST, Madison, WI 53703$4,335,338
Dart Appraisalcom INCLoan Appraisals2600 W BIG BEAVER RD, Troy, MI 48084$1,473,972
Cdw DirectInformation TechnologyPO BOX 75723, Chicago, IL 60675$1,143,188
Jack Henry & Associates INCInformation TechnologyPO BOX 609, Monett, MO 65708$1,065,771
US Department Of EducationStudent LoansPO BOX 979066, St Louis, MO 63197$1,042,723
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$101,910,349
Investment Income
$6,336,025
Other Revenue
$-182,220
Change in Net Assets
$29,029,939

Audited Revenue Reconciliation

Revenue per Audited Statements
$108,507,336
Revenue Not Reported on Financial Statements
$-443,182
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-443,182
Total Revenue per Audited Statements
$108,507,336
Total Revenue per Form 990
$108,064,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,102,789
Salaries, Compensation, and Employee Benefits$32,701,256
Grants and Similar Amounts Paid$173,096
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$23,126,914
Office Expenses---$13,016,526
Benefits to Members---$8,057,074
Depreciation Depletion---$4,450,283
Other Employee Benefits---$3,561,906
Advertising---$2,839,740
Current Officers, Directors, Trustees, and Key Employees---$2,447,367
Occupancy---$1,910,184
Pension Plan Contributions---$1,880,447
Payroll Taxes---$1,684,622
Interest---$1,489,087
Conferences and Meetings---$784,350
Other Expenses---$700,013
Fees for Services Legal---$510,088
Fees for Services Accounting---$263,321
All Other Expenses---$219,561
Grants to Domestic Orgs---$173,096
Total Functional Expenses$0$0$0$79,034,215

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$79,477,397
Expenses per Audited Statements$79,034,215
Total Expenses per Form 990$79,034,215
Expenses Not Reported on Form 990$443,182
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of Dane CountyMadison, WI501(c)(3)United Way Corporate Contribution/loan Exec Sponsor$50,000
American Heart AssociationMadison, WI501(c)(3)Go Red Luncheon Sponsor$15,000
Worldwide Foundation for Credit UnionsMadison, WI501(c)(3)Priority Fund$15,000
Edgewood CollegeMadison, WI501(c)(3)Residence Hall Capital Campaign$14,286
Domestice Abuse Intervention ServicesMadison, WI501(c)(3)Hope Sponsor-luncheon$10,000
Madison Community FoundationMadison, WI501(c)(3)Cash Boomerang Donation From Members, Member Fest Donations,scu Fund Donation$9,095
Second Harvest Food Bank of So WiMadison, WI501(c)(3)Share Your Holidays$7,500
Common Wealth DevelopmentMadison, WI501(c)(3)Sponsorship of Youth Programs$5,000
Girls on the Run of Dane CountyMadison, WI501(c)(3)Sponsorship for Girls on the Run Spring 5k$5,000
National Credit Union FoundationMadison, WI501(c)(3)National Credit Union Foundation Donation$5,000
Simpson Street Free PressMonona, WI501(c)(3)3 Yr Sponsorship$5,000
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 Officers, Directors, Trustees, and Key Employees$430,000$645,000▲ $215,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$1,956,730,717
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 is comprised of a single class of approximately 145,000 member-owners, each of which has equal rights in ownership, governance and voting rights at the annual meetings, with the exception of the member-owners who are elected to the board of directors.”

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

“The member-owners of the credit union have the authority to elect the members of the board of directors for three-year terms on a rotating basis. Candidates are elected by a simple plurality vote.”

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

“The by-laws may be amended, altered or repealed in any manner not inconsistent with applicable law by a majority vote of the board at any duly convened meeting of the board. These by-laws may be amended by three-fourths majority vote of the members present at any annual or special meeting of the members, if all notice and other requirements applicable to amendment of these by-laws are satisfied. No amendment, alteration, or repeal of these bylaws shall become effective until filed with and approval by the office of credit unions. Members also vote on approval of a name change.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the vp-risk management and cfo prior to filing. If there is uncertainty about a response, they will consult with the appropriate subject matter expert.”

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

“All employees and volunteers are covered by the conflict of interest policy, which prohibits engaging in transactions with parties where a conflict exists. All staff receive annual training on conflict of interest and are required to re-read the document annually. The core system also prohibits employees from completing transactions on accounts that contain their social security number or address. Various monthly fraud monitoring reports are reviewed by risk management. Potential conflicts are discussed with the vp risk management and facilities, and escalated to the svp hr and organizational development, cfo, and ceo/president as needed.”

Form 990, Part VI, Section B, Line 15

“All positions are classified within salary bands. Each year, all salary bands are reviewed and may be adjusted to reflect job market changes to ensure that positions are classified appropriately. Every two to three years all positions are re-evaluated using multiple external resources in this process. The ceo's compensation is reviewed by the board each year and multiple sources are used.”

Form 990, Part VI, Section C, Line 19

“Governing documents are provided to members upon request. Financial statements are presented in the annual report and available for download from ncua.”

Filing and Contact Details

Filer

Filer Name
Summit Credit Union
EIN
39-0230585
Phone
6082435000
Address
PO BOX 8046, MADISON, WI 53708-8046

Signing Officer

Name
Keith Peterson
Title
CFO
Phone
6082435000
Signed
2016-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Sponem
Formed
1935
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
662
Volunteers
12

Preparer

Firm
Cliftonlarsonallen Llp
Address
PO BOX 217, AUSTIN, MN 55912
Preparer
Sherri Wessels
Phone
5074347000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Net change in defined benefit obligations -589,412. Equity acquired in merger 2,184,760.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“The credit union acts as a custodian for amounts in escrow for loans to members.”

PART X, LINE 2:

“The credit union is exempt, under internal revenue code 501(c) (14), from federal and state income taxes. Certain products and services provided by select state chartered credit unions have been deemed by the internal revenue service (irs), in technical advice memorandums (tams) released in 2007, to be unrelated to the specific entity's exempt purpose. As presented in the technical advice memorandums the net taxable income from these products and services would be subject to income taxes. Credit unions have litigated against the irs positions noted in the tams and have been successful in having courts declare in 2009 and 2010 that revenue from insurance products sold to members, helping them protect their financial wellbeing, qualifies as exempt purpose income, contrary to the irs position in the tams. The credit union has filed tax returns in the past for activities it has deemed taxable. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations. As a result, the credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2015 and 2014. The credit union's 2012 through subsequent tax years are open for examination by federal and state taxing authorities.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss on disposition of fixed assets (expense shown in revenue) -243,543. Other non-operating income (revenue shown in expense) -199,639.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposition of fixed assets (expense shown in revenue) 243,543. Other non-operating income (revenue shown in expense) 199,639.”

Raw XML AppendixShowing 400 of 897 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/ActivityOrMissionDesc0A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
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IRS990/ContractorCompensationGrp/ServicesDesc1LOAN APPRAISALS
IRS990/ContractorCompensationGrp/ServicesDesc2INFORMATION TECHNOLOGY
IRS990/ContractorCompensationGrp/ServicesDesc3INFORMATION TECHNOLOGY
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IRS990/Desc0SUMMIT SERVED OVER 145,000 MEMBERS IN 2015. THE CREDIT UNION CONTINUED TO OFFER ATTRACTIVE RATES ON VARIOUS SAVING AND LENDING PRODUCTS TO HELP MEMBERS IMPROVE THEIR FINANCIAL POSITION. LOANS GREW 16% DURING 2015.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP DIGITAL MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP IT
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP RISK MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP RETAIL DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20SVP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt21MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22MORTGAGE LOAN OFFICER
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IRS990/GrantToRelatedPersonInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
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IRS990/OtherExpensesGrp/Desc3PROFESSIONAL & OUTSIDE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28632376
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28764557
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0132181
IRS990/ProgSrvcAccomActy2Grp/Desc0SUMMIT CREATED AND SUPPORTS THE STAR CREDIT UNION, SERVING MEMBERS OF THE MADISON BOYS AND GIRLS CLUB WITH FINANCIAL EDUCATION AND SERVICES, AND WE OPERATE BRANCHES IN TWO HIGH SCHOOLS TO SERVE STUDENTS. WE OFFER ADDITIONAL FINANCIAL EDUCATION SESSIONS IN THE COMMUNITIES WE SERVE.
IRS990/ProgSrvcAccomActy3Grp/Desc0WE SUPPORT NUMEROUS COMMUNITY ORGANIZATIONS, INCLUDING UNITED WAY, SECOND HARVEST FOODBANK, SUNSHINE PLACE, JUVENILE DIABETES RESEARCH FOUNDATION, AND COMMONWEALTH DEVELOPMENT.
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IRS990/PYInvestmentIncomeAmt08042592
IRS990/PYOtherExpensesAmt035937650

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,388,643,118
Liabilities
$2,118,414,699
Net assets
$270,228,419
Revenue
$108,064,154
Expenses
$79,034,215
Net income
$29,029,939
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7,458$6,775$683$454$395$58.4
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6,945$6,333$612$345$293$51.1
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6,225$5,677$548$231$180$51.4
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4,831$4,275$556$219$142$77.4
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4,326$3,836$490$219$160$59.1
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,690$3,266$424$183$139$43.7
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,224$2,846$378$154$114$39.1
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,901$2,561$340$135$97.2$37.8
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,665$2,361$303$125$90.4$35.0
2015Detailed filing. Detailed filing data is available for this year.$2,389$2,118$270$108$79.0$29.0
2014Detailed filing. Detailed filing data is available for this year.$2,076$1,834$242$96.9$72.6$24.3
2013Detailed filing. Detailed filing data is available for this year.$1,956$1,740$216$96.7$69.1$27.6
2012Summary only. Only limited summary data is available for this year.$1,887$1,695$191$106$74.1$31.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,736$1,579$157$76.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,581$1,444$137$78.3