Civic Intelligence

Summit Credit Union

990 • Fiscal year 2022 • EIN 39-0230585

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

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

40th percentile

0.91x

Higher debt load relative to assets than 40% of similar nonprofits.

2022 filings • 501(c)14 • $1B+ nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

24.56x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)14 • $1B+ nonprofits • Source year 2022

Net Margin

63rd percentile

22%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)14 • $1B+ nonprofits • Source year 2022

Top Officer Pay

89th percentile

$2,176,347

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2022 filings • 501(c)14 • $1B+ nonprofits • Source year 2022

Asset Growth

97th percentile

29%

Faster asset growth than 97% of similar nonprofits.

2022 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

5.6%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2021 to 2022

Assets

Up

$6,224,510,320

Up $1,393,928,465 (+29%) from 2021

Net Assets

Down

$547,751,994

Down $7,756,546 (-1.4%) from 2021

Liabilities

Up

$5,676,758,326

Up $1,401,685,011 (+33%) from 2021

Revenue

Up

$231,091,693

Up $12,154,178 (+5.6%) from 2021

Expenses

Up

$179,735,655

Up $38,171,110 (+27%) from 2021

Net Income

Down

$51,356,038

Down $26,016,932 (-34%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$6,224,510,320
Liabilities$5,676,758,326
Net Assets$547,751,994

Operations Trend

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

2022

Revenue$231,091,693
Expenses$179,735,655
Net Income$51,356,038
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$624,006,392
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$3,539,830,949$4,977,668,060▲ $1,437,837,111
Investments Other Securities$709,945,377$552,213,483▼ $157,731,894
Rtn Earn Endowment Incm Other Fnds$555,508,540$547,751,994▼ $7,756,546
Savings and Temporary Cash Investments$236,347,645$223,143,126▼ $13,204,519
Land, Buildings, and Equipment, Net$133,704,863$140,855,042▲ $7,150,179
Intangible Assets$1,002,810$133,094,030▲ $132,091,220
Cash and Non-Interest-Bearing Accounts$34,232,265$59,269,845▲ $25,037,580
Investments Program Related$14,929,383$34,490,737▲ $19,561,354
Receivables From Officers Etc$12,852,660$13,607,124▲ $754,464
Prepaid Expenses and Deferred Charges$5,155,730$6,224,087▲ $1,068,357
Accounts Receivable$2,936,994$4,021,223▲ $1,084,229
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,830,581,855$6,224,510,320▲ $1,393,928,465
Other Assets Total$139,643,179$79,923,563▼ $59,719,616
Liabilities
Other Liabilities$3,820,255,656$4,781,625,439▲ $961,369,783
Mortgage Notes Payable Secured by Investment Property$385,504,352$805,406,744▲ $419,902,392
Accounts Payable and Accrued Expenses$57,152,407$72,311,513▲ $15,159,106
Escrow Account Liability$12,160,900$17,414,630▲ $5,253,730
Total Liabilities$4,275,073,315$5,676,758,326▲ $1,401,685,011
Net Assets / Fund Balance
Total Net Assets Fund Balance$555,508,540$547,751,994▼ $7,756,546
Total Liabilities and Net Assets / Fund Balance$4,830,581,855$6,224,510,320▲ $1,393,928,465

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$98,622,229$34,631,889$133,254,118
Equipment$11,778,698$32,605,448$44,384,146
Land$25,499,060-$25,499,060
Leasehold Improvements$2,111,945$2,594,138$4,706,083
Other Land Buildings$2,843,110-$2,843,110
Other Securities$2,080,451--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim SponemCEO/presidentFT$1,577,832$598,515$2,176,347
Keith PetersonCFOFT$330,028$374,316$704,344
Christopher HefterCIOFT$311,023$301,888$612,911
Rebecca GerothanasCOOFT$316,398$259,219$575,617
Christopher SchellCMOFT$233,620$299,719$533,339
Kelly ErbachVP - Business Tech SolutioFT$190,545$208,590$399,135
Nancy KastenSVP Hr & LodFT$53,340$340,622$393,962
Eric MathiasVP Sales DevelopmentFT$240,529$138,359$378,888
James HoldenVP - Blo Market ManagerFT$172,717$113,084$285,801
John JonesVP - Business & Commercial Credit Risk & OperationFT$220,737$50,592$271,329
John JonesVP - Business & Commercial Credit Ri-$182,691$88,638$271,329
Adam PelletterMortgage Loan OfficerFT$33,069$219,677$252,746
Ann KnutsonSVP - Hr & Org DevelopmentFT$203,935$41,151$245,086
Aaron HurtVP Business Technology ServicesFT$175,928$67,615$243,543
Kristin NesbittVP - Mortgage LendingFT$163,020$54,347$217,367
Jeremy EpplerVP - Risk ManagementFT$164,296$52,675$216,971
Mary TurkeVice Chair-$21,500-$21,500
David ReszelChair-$20,500-$20,500
Bob LindnerTreasurer-$18,000-$18,000
Daniel KaiserSecretary-$18,000-$18,000
Abigail RodriguezDirector-$18,000-$18,000
Dennis SaueyDirector-$18,000-$18,000
John LitscherDirector-$18,000-$18,000
MIKE O'BRIENDirector-$18,000-$18,000
Mike SchenkFormer Chair-$18,000-$18,000
Samira SalemDirector-$18,000-$18,000
Stefanie NorvaisasDirector-$18,000-$18,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Hiebing Group INCMarketing315 WISCONSIN AVE, Madison, WI 53703$5,831,799
Dart AppraisalMortgage Appraisal2600 W BIG BEAVER RD, Troy, MI 48084$2,226,086
Jack Henry & Associates INCData Processing SystemPO BOX 609, Monett, MO 65708$1,611,462
Edge OneKiosk And Armor Services161 BUSINESS PARK CIRCLE, Stoughton, WI 53589$1,543,819
Paragon Development SystemsInformation TechnologyPO BOX 772990, Detroit, MI 48277$1,222,288
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$211,554,475
Investment Income
$19,169,470
Other Revenue
$367,748
Change in Net Assets
$51,356,038

Audited Revenue Reconciliation

Revenue per Audited Statements
$231,101,000
Revenue Not Reported on Financial Statements
$-9,307
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-9,307
Total Revenue per Audited Statements
$231,101,000
Total Revenue per Form 990
$231,091,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,649,921
Salaries, Compensation, and Employee Benefits$70,565,634
Grants and Similar Amounts Paid$936,656
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$49,851,359
Office Expenses---$27,430,426
Benefits to Members---$17,583,444
Interest---$14,546,646
Depreciation Depletion---$8,720,883
Advertising---$8,270,271
Current Officers, Directors, Trustees, and Key Employees---$6,440,600
Other Employee Benefits---$5,765,264
Pension Plan Contributions---$4,366,493
Payroll Taxes---$4,141,918
Occupancy---$3,316,289
Fees for Services Legal---$3,049,854
Fees for Services Other---$2,138,224
Travel---$981,740
Grants to Domestic Orgs---$936,656
Other Expenses---$258,249
Total Functional Expenses$0$0$0$179,735,655

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$179,745,000
Total Expenses per Audited Statements$179,745,000
Total Expenses per Form 990$179,735,655
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-9,345
Other Expense Adjustments$-9,345
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Center for Black ExcellenceMadison, WI501(c)(3)General Support$666,666
United Way of Dane CountyMadison, WI501(c)(3)Community Support$50,283
Madison College FoundationMadison, WI501(c)(3)General Support$33,332
Urban League of Greater MadisonMadison, WI501(c)(3)General Support$25,000
African American Credit Union CoalitionSnellville, GA501(c)(3)General Support$20,000
Black Men Coalition of Dane CountyMadison, WI501(c)(3)General Support$9,000
Explore Childrens Museum of Sun PrairieSun Prairie, WI501(c)(3)General Support$7,500
Waunakee Area Education FoundationWaunakee, WI501(c)(3)General Support$7,500
Black Womens Wellness DayMadison, WI501(c)(3)SPONSORSHIP OF BLACK WOMEN'S WELLNESS DAY$7,000
National Credit Union FoundationMilwaukee, WI501(c)(3)Ncuf Bronze Sponsorship$7,000
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Summit Board Member Mary TurkeLegal ServicesNo$799,091
-Summit CEO Is on Board of Cu DirectIndirect Lending ServicesNo$174,650

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$12,852,660$13,607,124▲ $754,464
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$4,715,585,939
Nonmember Deposits$66,039,500
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 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 more than 200,000 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 11B

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. This was most recently done in 2022.

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
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Sponem
Formed
1935
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
0
Employees
1,041
Volunteers
14

Preparer

Firm
Cliftonlarsonallen Llp
Address
109 N MAIN STREET SUITE 200, AUSTIN, MN 55912
Preparer
Tanya Medgaarden
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Acquired bank that included four offices, to expand service offerings and the geographic area we serve. Also opened new branch in weston.

FORM 990, PART XI, LINE 9:

CHANGE IN OCI -101,114.

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. 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, 2022 and 2021. The credit union's 2019 through subsequent tax years are open for examination by federal and state taxing authorities.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Exp included in rev for 990 -9,307. Rounding

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Exp included in rev for 990 -9,307. Rounding -38.

Raw XML AppendixShowing 400 of 973 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/OtherCompensationAmt2020578
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IRS990/Form990PartVIISectionAGrp/PersonNm4BOB LINDNER
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IRS990/Form990PartVIISectionAGrp/PersonNm8MIKE O'BRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm9ABIGAIL RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm10SAMIRA SALEM
IRS990/Form990PartVIISectionAGrp/PersonNm11KIM SPONEM
IRS990/Form990PartVIISectionAGrp/PersonNm12KEITH PETERSON
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IRS990/Form990PartVIISectionAGrp/PersonNm14REBECCA GEROTHANAS
IRS990/Form990PartVIISectionAGrp/PersonNm15NANCY KASTEN
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IRS990/Form990PartVIISectionAGrp/PersonNm18ERIC MATHIAS
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IRS990/Form990PartVIISectionAGrp/PersonNm23JAMES HOLDEN
IRS990/Form990PartVIISectionAGrp/PersonNm24AARON HURT
IRS990/Form990PartVIISectionAGrp/PersonNm25KRISTIN NESBITT
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt221500
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1FORMER CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt14COO
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP HR & LOD
IRS990/Form990PartVIISectionAGrp/TitleTxt16CMO
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP - BUSINESS TECH SOLUTIO
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP SALES DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19SVP - HR & ORG DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP - RISK MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP - BUSINESS & COMMERCIAL CREDIT RISK & OPERATION
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP - BLO MARKET MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP BUSINESS TECHNOLOGY SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP - MORTGAGE LENDING
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01935
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt0624006392
IRS990/GroupReturnForAffiliatesInd00
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
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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/OperateHospitalInd00
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IRS990/OtherAssetsTotalGrp/EOYAmt079923563
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt05765264
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2MISC. OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt011569683
IRS990/OtherExpensesGrp/TotalAmt15732000
IRS990/OtherExpensesGrp/TotalAmt24635656
IRS990/OtherExpensesGrp/TotalAmt3258249
IRS990/OtherLiabilitiesGrp/BOYAmt03820255656
IRS990/OtherLiabilitiesGrp/EOYAmt04781625439
IRS990/OtherOrganizationDsc0CU
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER NON-INTEREST INCOME
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0367748
IRS990/OtherRevenueTotalAmt0367748
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04977668060
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt04141918
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt04366493
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06224087
IRS990/PrincipalOfficerNm0KIM SPONEM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2022Detailed filing. Detailed filing data is available for this year.$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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)14 • $1B+ nonprofits