Civic Intelligence

The Labor Credit Union

990 • Fiscal year 2016 • EIN 39-1511986

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization Profile
1300 American DriveNeenah, WI 54956

(920) 725-1090

Siviq Scores

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

Liabilities / Assets

95th percentile

0.91x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

72nd percentile

23.81x

Higher debt load relative to revenue than 72% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Net Margin

39th percentile

0.5%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$22,807

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 34.5% of source-year revenue.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Asset Growth

61st percentile

1.4%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

-2.7%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,721,888

Up $23,594 (+1.4%) from 2015

Net Assets

Up

$146,956

Up $355 (+0.2%) from 2015

Liabilities

Up

$1,574,932

Up $23,239 (+1.5%) from 2015

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin39th percentile

Revenue

Down

$66,142

Down $1,840 (-2.7%) from 2015

Expenses

Down

$65,787

Down $1,052 (-1.6%) from 2015

Net Income

Down

$355

Down $788 (-69%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,860,062Liabilities 2010: $1,710,573Net Assets 2010: $149,4892010Assets 2011: $1,799,829Liabilities 2011: $1,646,701Net Assets 2011: $153,1282011Assets 2012: $1,952,043Liabilities 2012: $1,797,040Net Assets 2012: $155,0032012Assets 2013: $1,911,157Liabilities 2013: $1,765,163Net Assets 2013: $145,9942013Assets 2014: $1,826,729Liabilities 2014: $1,681,271Net Assets 2014: $145,4582014Assets 2015: $1,698,294Liabilities 2015: $1,551,693Net Assets 2015: $146,6012015Assets 2016: $1,721,888Liabilities 2016: $1,574,932Net Assets 2016: $146,9562016Assets 2017: $1,666,206Liabilities 2017: $1,517,983Net Assets 2017: $148,2232017Assets 2018: $1,640,428Liabilities 2018: $1,491,844Net Assets 2018: $148,5842018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2016

Assets$1,721,888
Liabilities$1,574,932
Net Assets$146,956
Open 2016 Filing

Operations Trend

Revenue Growth41st percentile

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

$150K$100K$50K$0-$50KExpenses 2010: $90,4242010Expenses 2011: $85,1412011Expenses 2012: $86,1332012Revenue 2013: $81,112Expenses 2013: $90,121Net Income 2013: -$9,0092013Revenue 2014: $71,077Expenses 2014: $71,613Net Income 2014: -$5362014Revenue 2015: $67,982Expenses 2015: $66,839Net Income 2015: $1,1432015Revenue 2016: $66,142Expenses 2016: $65,787Net Income 2016: $3552016Revenue 2017: $68,051Expenses 2017: $66,784Net Income 2017: $1,2672017Revenue 2018: $64,541Expenses 2018: $64,180Net Income 2018: $3612018Revenue 2019: $58,110Expenses 2019: $107,554Net Income 2019: -$49,4442019

Highlighted filing

2016

Revenue$66,142
Expenses$65,787
Net Income$355
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$66,142
Mission and Program Overview

Mission

None

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,454,651$1,387,691▼ $66,960
Savings and Temporary Cash Investments$128,869$202,180▲ $73,311
Rtn Earn Endowment Incm Other Fnds$146,601$146,956▲ $355
Cash and Non-Interest-Bearing Accounts$75,606$95,413▲ $19,807
Investments Program Related$31,404$30,119▼ $1,285
Prepaid Expenses and Deferred Charges$3,555$3,567▲ $12
Land, Buildings, and Equipment, Net$2,599$897▼ $1,702
Accounts Receivable-$500-
Total Assets$1,698,294$1,721,888▲ $23,594
Other Assets Total$1,610$1,521▼ $89
Liabilities
Other Liabilities$1,548,730$1,571,895▲ $23,165
Accounts Payable and Accrued Expenses$2,963$3,037▲ $74
Total Liabilities$1,551,693$1,574,932▲ $23,239
Net Assets / Fund Balance
Total Net Assets Fund Balance$146,601$146,956▲ $355
Total Liabilities and Net Assets / Fund Balance$1,698,294$1,721,888▲ $23,594

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$24,717$24,717
Other Land Buildings$897$22,917$23,814
Investment Program Related Org$14,640--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Karen LamiaPresidentPT$22,807$22,807

Board Members and Trustees

NameTitle
Richard GrissomChairman
Hugh SloanVice-Chair
Christopher PriceDirector
James BemowskiDirector
Steve KofnetkaDirector
David WoldtSecretary
Dennis VandenbergenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$63,923
Investment Income
$1,074
Other Revenue
$1,145
Change in Net Assets
$355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$34,890
Other Expenses$30,897
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$22,807
Other Salaries and Wages---$9,095
Office Expenses---$4,338
Insurance---$3,912
Information Technology---$2,976
Payroll Taxes---$2,614
Depreciation Depletion---$1,702
Fees for Services Legal---$1,480
Payments to Affiliates---$1,136
All Other Expenses---$759
Other Employee Benefits---$374
Travel---$211
Other Expenses-$105-$105
Total Functional Expenses$0$0$0$65,787
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 Shares & Deposits$1,570,562
Accrued Dividends$1,333
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

“Reviewed by Chair and President. Brought to the Board prior to filing if time permits, otherwise brought to Board after filing.”

Conflict of interest policy compliance Part VI line 12C

“Yes, at monthly meetings, any conflicts would be disclosed.”

Governing documents etc available to public Part VI line 19

“Upon opening an account. At Annual Meetings. Posted on our lobby bulletin board. Other documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
The Labor Credit Union
EIN
39-1511986
Address
1300 American Drive, Neenah, WI 54956

Signing Officer

Name
Karen Lamia
Title
President
Phone
9207251090
Signed
2017-11-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Richard Grissom
Formed
1984
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
12

Preparer

Firm
WCUL Services Corp
Address
N25W2313 Paul Rd Suite 500, Pewaukee, WI 53072
Preparer
Cari Thompson
Phone
2625490200
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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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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/ExplanationTxt3Reviewed by Chair and President. Brought to the Board prior to filing if time permits, otherwise brought to Board after filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Yes, at monthly meetings, any conflicts would be disclosed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Upon opening an account. At Annual Meetings. Posted on our lobby bulletin board. Other documents are provided upon request.
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
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01698294
IRS990/TotalAssetsEOYAmt01721888
IRS990/TotalAssetsGrp/BOYAmt01698294
IRS990/TotalAssetsGrp/EOYAmt01721888
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt065787
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01551693
IRS990/TotalLiabilitiesEOYAmt01574932
IRS990/TotalLiabilitiesGrp/BOYAmt01551693
IRS990/TotalLiabilitiesGrp/EOYAmt01574932
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0146601
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0146956
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt063923
IRS990/TotalReportableCompFromOrgAmt022807
IRS990/TotalRevenueGrp/ExclusionAmt02219
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt063923
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt066142
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01698294
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01721888
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/TotalAmt0211
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Karen Lamia
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09207251090
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Labor Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0LABO
ReturnHeader/Filer/EIN0391511986
ReturnHeader/Filer/USAddress/AddressLine1Txt01300 American Drive
ReturnHeader/Filer/USAddress/CityNm0Neenah
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054956
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0110D63440C42215569A41D88634943DBED7962F4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0110D63440C42215569A41D88634943DBED7962F4
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId03922392017318d1c2jl5
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-11-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.219.136.146
ReturnHeader/FilingSecurityInformation/IPDt02017-11-14
ReturnHeader/FilingSecurityInformation/IPTm013:56:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391127312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WCUL Services Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0N25W2313 Paul Rd Suite 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pewaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053072
ReturnHeader/PreparerPersonGrp/PhoneNum02625490200
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02017-11-14T13:42:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,721,888
Liabilities
$1,574,932
Net assets
$146,956
Revenue
$66,142
Expenses
$65,787
Net income
$355
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.06$0.11$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$1.49$0.15$0.06$0.06$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$1.52$0.15$0.07$0.07$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.72$1.57$0.15$0.07$0.07$0.00
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.70$1.55$0.15$0.07$0.07$0.00
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$1.68$0.15$0.07$0.07$0.00
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.91$1.77$0.15$0.08$0.09$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$1.80$0.16$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$1.65$0.15$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$1.71$0.15$0.09