Civic Intelligence

Unknown Organization

990 • Fiscal year 2013 • EIN 39-0476360

Jan 01, 2013 to Nov 30, 2013 • Filed on Mar 25, 2014

Organization Profilewww.greatermilwcu.com

View Organization Page

1606 South 84th Street53214

(608) 243-5000

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2013

Liabilities / Revenue

39th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • $500k-$1M nonprofits • Source year 2013

Net Margin

7th percentile

-88%

Higher net margin than 7% of similar nonprofits.

2013 filings • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2013 filings • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $13,791,354 (-100%) from 2012

Net Assets

Down

$0

Down $2,090,717 (-100%) from 2012

Liabilities

Down

$0

Down $11,700,637 (-100%) from 2012

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin7th percentile

Revenue

$510,486

No earlier filing loaded for comparison.

Expenses

Up

$957,915

Up $343,118 (+56%) from 2012

Net Income

-$447,429

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$15M$10M$5.0M$0Assets 2010: $13,425,418Liabilities 2010: $11,252,572Net Assets 2010: $2,172,8462010Assets 2011: $13,361,785Liabilities 2011: $11,226,044Net Assets 2011: $2,135,7412011Assets 2012: $13,791,354Liabilities 2012: $11,700,637Net Assets 2012: $2,090,7172012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013

Highlighted filing

2013

Assets$0
Liabilities$0
Net Assets$0
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2010: $733,4182010Expenses 2011: $703,7222011Expenses 2012: $614,7972012Revenue 2013: $510,486Expenses 2013: $957,915Net Income 2013: -$447,4292013

Highlighted filing

2013

Revenue$510,486
Expenses$957,915
Net Income-$447,429
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Nov 30, 2013
Signed
Mar 25, 2014
Return Version
2013v3.1
Gross Receipts
$510,486
Mission and Program Overview

Mission

A cooperative, nonprofit corporation, incorporated 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$6,545,878--
Savings and Temporary Cash Investments$5,905,431--
Rtn Earn Endowment Incm Other Fnds$2,090,717--
Cash and Non-Interest-Bearing Accounts$601,290--
Land, Buildings, and Equipment, Net$466,544--
Investments Program Related$218,732--
Prepaid Expenses and Deferred Charges$27,593--
Accounts Receivable$5,538--
Total Assets$13,791,354$0▼ $13,791,354
Other Assets Total$20,348--
Liabilities
Other Liabilities$11,650,030--
Accounts Payable and Accrued Expenses$50,607--
Total Liabilities$11,700,637$0▼ $11,700,637
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,090,717$0▼ $2,090,717
Total Liabilities and Net Assets / Fund Balance$13,791,354$0▼ $13,791,354
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lori PookCEOPresidentFT$93,587$9,452$103,039

Board Members and Trustees

NameTitle
Thomas KelnhoferChairman
Neil SaariVice-ChairTreasurer
Doris JelinekDirector
Peter YekoDirector
Robert BorowskiDirector
Ronnie ScherrDirector
Steve FacikDirector
Victor BrulcDirector
Alfred Jelinek SrSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$452,247
Investment Income
$57,246
Other Revenue
$993
Change in Net Assets
$-447,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$705,639
Salaries, Compensation, and Employee Benefits$252,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$115,528
Current Officers, Directors, Trustees, and Key Employees---$93,587
Other Expenses-$69,416-$69,416
Occupancy---$56,256
Office Expenses---$38,117
Depreciation Depletion---$33,937
Information Technology---$21,218
Payroll Taxes---$16,574
Pension Plan Contributions---$16,278
Other Employee Benefits---$10,309
Insurance---$10,202
Payments to Affiliates---$9,208
Conferences and Meetings---$7,234
Fees for Services Other---$5,948
Advertising---$3,680
Fees for Services Accounting---$100
Travel---$15
Interest---$8
All Other Expenses---$-899
Total Functional Expenses$0$0$0$957,915
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).”

Member election for additional members Part VI line 7A

“The Board of Directors is elected by the membership utilizing their one vote per member.”

Governing body decisions Part VI line 7B

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).”

Form 990 governing body review Part VI line 11

“No review of the Form 990 by governing body has been or will be conducted. The Form was reviewed by management of the GMCU and staff of Summit CU.”

Conflict of interest policy compliance Part VI line 12C

“Regular Review”

Governing documents etc available to public Part VI line 19

“Available upon request. Year-end financials are provided to all members attending the Annual Membership Meeting.”

Filing and Contact Details

Filer

EIN
39-0476360

Signing Officer

Name
Lori A Pook
Title
President
Phone
4147747420
Signed
2014-03-25
Discuss with paid preparer
No

Organization Details

Principal Officer
Lori Pook
Formed
1923
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
9

Preparer

Preparer
Cari Thompson
Phone
2625490200
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

“The Form 990-T will be filed after the Form 990 is filed.”

Cessation of or significant change to any program service Part III line 3

“Greater Milwaukee Credit Union merged with Summit Credit Union effective end of business November 30, 2013. Members transferring from Greater Milwaukee Credit Union to Summit Credit Union have access to all products and services as of December 1, 2013.”

Explanation of other changes in net assets or fund balances Part XI line 9

“All Assets were transferred to Summit Credit Union as part of merger.”

Raw XML Appendix385 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/PersonNm1Neil Saari
IRS990/Form990PartVIISectionAGrp/PersonNm2Alfred Jelinek Sr
IRS990/Form990PartVIISectionAGrp/PersonNm3Steve Facik
IRS990/Form990PartVIISectionAGrp/PersonNm4Victor Brulc
IRS990/Form990PartVIISectionAGrp/PersonNm5Peter Yeko
IRS990/Form990PartVIISectionAGrp/PersonNm6Doris Jelinek
IRS990/Form990PartVIISectionAGrp/PersonNm7Robert Borowski
IRS990/Form990PartVIISectionAGrp/PersonNm8Ronnie Scherr
IRS990/Form990PartVIISectionAGrp/PersonNm9Lori Pook
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-ChairTreasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEOPresident
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0All Assets & Liabilites of the CU at merger date
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02013-11-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0390230585
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt014559770
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501c14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Discounted Cash Flows
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0Summit Credit Union
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine10PO Box 8046
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IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Lori Pook, AVP Enterprise Risk Management
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Listed person's relations (Part I, line 2e or Part II, line 2e)
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990-T will be filed after the Form 990 is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors is elected by the membership utilizing their one vote per member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No review of the Form 990 by governing body has been or will be conducted. The Form was reviewed by management of the GMCU and staff of Summit CU.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Regular Review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Available upon request. Year-end financials are provided to all members attending the Annual Membership Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Greater Milwaukee Credit Union merged with Summit Credit Union effective end of business November 30, 2013. Members transferring from Greater Milwaukee Credit Union to Summit Credit Union have access to all products and services as of December 1, 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8All Assets were transferred to Summit Credit Union as part of merger.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Unrelated business income explanation Part V line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt013791354
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt013791354
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0957915
IRS990/TotalGrossUBIAmt03808
IRS990/TotalLiabilitiesBOYAmt011700637
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt011700637
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02090717
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt09452
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02014
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02014
IRS990/TotalProgramServiceRevenueAmt0452247
IRS990/TotalReportableCompFromOrgAmt093587
IRS990/TotalRevenueGrp/ExclusionAmt058239
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0448439
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0510486
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03808
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013791354
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt015
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.greatermilwcu.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Lori A Pook
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04147747420
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine10Greater Milwaukee Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0390476360
ReturnHeader/Filer/USAddress/AddressLine101606 South 84th Street
ReturnHeader/Filer/USAddress/City0Milwaukee
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053214
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391127312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WCUL Services Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10N25W23131 Paul Rd Suite 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Pewaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode053072
ReturnHeader/PreparerPersonGrp/PhoneNum02625490200
ReturnHeader/PreparerPersonGrp/PreparationDt02014-03-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02014-03-30T16:37:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-11-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$510,486
Expenses
$957,915
Net income
-$447,429
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.51$0.96$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$11.7$2.09$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$11.2$2.14$0.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$11.3$2.17$0.73