Civic Intelligence

Southshore Credit Union

990 • Fiscal year 2013 • EIN 39-0926162

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 03, 2014

Organization Profilewww.southshorecu.org

View Organization Page

4580 S Nicholson AvenueCudahy, WI 53110

(414) 769-2345

Siviq Scores

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

Liabilities / Assets

96th percentile

0.93x

Higher debt load relative to assets than 96% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

67th percentile

23.51x

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

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Net Margin

20th percentile

-5.0%

Higher net margin than 20% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

68th percentile

$80,695

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Asset Growth

76th percentile

5.0%

Faster asset growth than 76% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M 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 / Assets96th percentile

Assets

Up

$17,249,797

Up $820,549 (+5.0%) from 2012

Net Assets

Down

$1,226,600

Down $34,183 (-2.7%) from 2012

Liabilities

Up

$16,023,197

Up $854,732 (+5.6%) from 2012

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin20th percentile

Revenue

$681,690

No earlier filing loaded for comparison.

Expenses

Up

$715,873

Up $45,752 (+6.8%) from 2012

Net Income

-$34,183

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $15,597,132Liabilities 2011: $14,346,489Net Assets 2011: $1,250,6432011Assets 2012: $16,429,248Liabilities 2012: $15,168,465Net Assets 2012: $1,260,7832012Assets 2013: $17,249,797Liabilities 2013: $16,023,197Net Assets 2013: $1,226,6002013Assets 2014: $17,870,427Liabilities 2014: $16,653,604Net Assets 2014: $1,216,8232014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2013

Assets$17,249,797
Liabilities$16,023,197
Net Assets$1,226,600
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 2011: $701,0712011Expenses 2012: $670,1212012Revenue 2013: $681,690Expenses 2013: $715,873Net Income 2013: -$34,1832013Revenue 2014: $706,411Expenses 2014: $716,188Net Income 2014: -$9,7772014Revenue 2015: $689,529Expenses 2015: $751,114Net Income 2015: -$61,5852015

Highlighted filing

2013

Revenue$681,690
Expenses$715,873
Net Income-$34,183
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 3, 2014
Return Version
2013v3.1
Gross Receipts
$681,690
Mission and Program Overview

Mission

Serving members interest by accepting deposits, granting loans, and investing excess funds in a prudent manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,673,276$9,671,502▲ $998,226
Savings and Temporary Cash Investments$6,477,906$6,149,595▼ $328,311
Rtn Earn Endowment Incm Other Fnds$1,260,783$1,226,600▼ $34,183
Cash and Non-Interest-Bearing Accounts$458,524$485,967▲ $27,443
Land, Buildings, and Equipment, Net$416,551$452,929▲ $36,378
Investments Program Related$260,332$274,690▲ $14,358
Prepaid Expenses and Deferred Charges$100,217$169,155▲ $68,938
Investments in Publicly Traded Securities$462$370▼ $92
Total Assets$16,429,248$17,249,797▲ $820,549
Other Assets Total$41,980$45,589▲ $3,609
Liabilities
Other Liabilities$15,147,415$15,999,620▲ $852,205
Accounts Payable and Accrued Expenses$21,050$23,577▲ $2,527
Total Liabilities$15,168,465$16,023,197▲ $854,732
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,260,783$1,226,600▼ $34,183
Total Liabilities and Net Assets / Fund Balance$16,429,248$17,249,797▲ $820,549

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$209,556$135,302$344,858
Other Land Buildings$110,532$121,781$232,313
Land$124,041-$124,041
Equipment$8,800$96,140$104,940
Investment Program Related Org$123,236--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy A YardleyPresidentFT$77,720$2,975$80,695
Chris RoslandPast President-$7,099$7,099$7,099

Board Members and Trustees

NameTitle
Donald NappeChair
Rudy BanyaiVice Chair
Frank MillerDirector
Michele BrummeyerDirector
Steve MinerDirector
Tom ZielinskiDirector
Richard McGaverSecretary
Jerry KramerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$609,156
Investment Income
$72,253
Other Revenue
$281
Change in Net Assets
$-34,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$452,378
Salaries, Compensation, and Employee Benefits$263,495
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$146,428
Other Expenses-$90,086-$90,086
Current Officers, Directors, Trustees, and Key Employees---$84,819
Information Technology---$52,050
Office Expenses---$44,450
Occupancy---$31,198
Depreciation Depletion---$24,258
Advertising---$20,886
Payroll Taxes---$19,255
All Other Expenses---$19,230
Payments to Affiliates---$8,535
Insurance---$7,448
Pension Plan Contributions---$7,136
Other Employee Benefits---$5,857
Fees for Service Investment Mgmnt Fees---$4,109
Fees for Services Accounting---$3,621
Conferences and Meetings---$3,255
Travel---$831
Total Functional Expenses$0$0$0$715,873
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member ShareCertificates$15,999,620
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 organizations 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

“A copy of the form 990 is provided at the Board of Directors meeting and they review it.”

Conflict of interest policy compliance Part VI line 12C

“Board members and staff are required to report any conflict of interest. If they neglect to report any and it is discovered, they are subject to termination or removal from the board.”

Governing documents etc available to public Part VI line 19

“They are available upon request. Financials are also distributed at the annual meeting.”

Filing and Contact Details

Filer

EIN
39-0926162

Signing Officer

Name
Jeremy Yardley
Title
President
Phone
4147692345
Signed
2014-04-03
Discuss with paid preparer
No

Organization Details

Principal Officer
Jeremy A Yardley
Formed
1944
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
10

Preparer

Preparer
Cari Thompson
Phone
2625490200
Raw XML Appendix387 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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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0104940
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0151454
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1123236
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Corporate Central Mmbr Shares & PIC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0124041
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0124041
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0110532
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0121781
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0232313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015999620
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member ShareCertificates
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0452929
IRS990ScheduleD/TotalBookValueProgramRltdAmt0274690
IRS990ScheduleD/TotalLiabilityAmt015999620
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt07099
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Chris Rosland
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Past President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt07099
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Chris Rosland $7,099 457b distribution
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Listed persons compensation information (Part I, line 4)
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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/ExplanationTxt1The Board of Directors is elected by the membership utilizing their one vote per member
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organizations 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/ExplanationTxt3A copy of the form 990 is provided at the Board of Directors meeting and they review it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board members and staff are required to report any conflict of interest. If they neglect to report any and it is discovered, they are subject to termination or removal from the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5They are available upon request. Financials are also distributed at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt016429248
IRS990/TotalAssetsEOYAmt017249797
IRS990/TotalAssetsGrp/BOYAmt016429248
IRS990/TotalAssetsGrp/EOYAmt017249797
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0715873
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015168465
IRS990/TotalLiabilitiesEOYAmt016023197
IRS990/TotalLiabilitiesGrp/BOYAmt015168465
IRS990/TotalLiabilitiesGrp/EOYAmt016023197
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01260783
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01226600
IRS990/TotalOtherCompensationAmt02975
IRS990/TotalProgramServiceRevenueAmt0609156
IRS990/TotalReportableCompFromOrgAmt084819
IRS990/TotalRevenueGrp/ExclusionAmt072534
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0609156
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0681690
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016429248
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017249797
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0831
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.southshorecu.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeremy Yardley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04147692345
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine10Southshore Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0390926162
ReturnHeader/Filer/USAddress/AddressLine104580 S Nicholson Avenue
ReturnHeader/Filer/USAddress/City0Cudahy
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053110
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/PreparationDt02014-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02014-04-11T16:24:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
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
$17,249,797
Liabilities
$16,023,197
Net assets
$1,226,600
Revenue
$681,690
Expenses
$715,873
Net income
-$34,183
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.00$0.00$0.00$0.69$0.75$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$16.7$1.22$0.71$0.72$0.01
2013Detailed filing. Detailed filing data is available for this year.$17.2$16.0$1.23$0.68$0.72$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$15.2$1.26$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$14.3$1.25$0.70