Civic Intelligence

M G & E Credit Union

990 • Fiscal year 2019 • EIN 39-6052411

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 09, 2020

Organization ProfileN/A
PO Box 8601Madison, WI 53708

(608) 255-1773

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.84x

Higher debt load relative to assets than 62% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

18.74x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Net Margin

53rd percentile

7.3%

Higher net margin than 53% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$64,339

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 46.7% of source-year revenue.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Asset Growth

38th percentile

-3.4%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

4.5%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$3,088,618

Down $107,942 (-3.4%) from 2018

Net Assets

Up

$506,231

Up $12,465 (+2.5%) from 2018

Liabilities

Down

$2,582,387

Down $120,407 (-4.5%) from 2018

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin53rd percentile

Revenue

Up

$137,794

Up $5,961 (+4.5%) from 2018

Expenses

Up

$127,721

Up $7,216 (+6.0%) from 2018

Net Income

Down

$10,073

Down $1,255 (-11%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,996,476Liabilities 2010: $2,557,320Net Assets 2010: $439,1562010Assets 2011: $3,015,665Liabilities 2011: $2,595,759Net Assets 2011: $419,9062011Assets 2012: $2,942,785Liabilities 2012: $2,520,440Net Assets 2012: $422,3452012Assets 2013: $2,950,768Liabilities 2013: $2,524,859Net Assets 2013: $425,9092013Assets 2015: $3,159,670Liabilities 2015: $2,713,180Net Assets 2015: $446,4902015Assets 2016: $3,568,145Liabilities 2016: $3,106,365Net Assets 2016: $461,7802016Assets 2018: $3,196,560Liabilities 2018: $2,702,794Net Assets 2018: $493,7662018Assets 2019: $3,088,618Liabilities 2019: $2,582,387Net Assets 2019: $506,2312019Assets 2020: $3,197,041Liabilities 2020: $2,686,431Net Assets 2020: $510,6102020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$3,088,618
Liabilities$2,582,387
Net Assets$506,231
Open 2019 Filing

Operations Trend

Revenue Growth55th percentile

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

$400K$200K$0-$200KExpenses 2010: $182,3092010Expenses 2011: $173,3532011Revenue 2012: $134,264Expenses 2012: $130,541Net Income 2012: $3,7232012Revenue 2013: $125,243Expenses 2013: $127,291Net Income 2013: -$2,0482013Revenue 2015: $119,428Expenses 2015: $102,919Net Income 2015: $16,5092015Revenue 2016: $125,977Expenses 2016: $110,687Net Income 2016: $15,2902016Revenue 2018: $131,833Expenses 2018: $120,505Net Income 2018: $11,3282018Revenue 2019: $137,794Expenses 2019: $127,721Net Income 2019: $10,0732019Revenue 2020: $120,536Expenses 2020: $116,157Net Income 2020: $4,3792020Revenue 2021: $58,211Expenses 2021: $250,307Net Income 2021: -$192,0962021

Highlighted filing

2019

Revenue$137,794
Expenses$127,721
Net Income$10,073
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 9, 2020
Return Version
2019v5.0
Gross Receipts
$137,794
Mission and Program Overview

Mission

Our mission is to provide prompt, competitive, quality financial services to our members in a friendly and professional manner while maintaining sound growth and financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,002,549$2,507,063▼ $495,486
Rtn Earn Endowment Incm Other Fnds$493,766$506,231▲ $12,465
Savings and Temporary Cash Investments$550$303,883▲ $303,333
Cash and Non-Interest-Bearing Accounts$129,536$212,512▲ $82,976
Investments Program Related$57,238$26,760▼ $30,478
Prepaid Expenses and Deferred Charges$2,806$2,957▲ $151
Land, Buildings, and Equipment, Net$64--
Total Assets$3,196,560$3,088,618▼ $107,942
Other Assets Total$3,817$35,443▲ $31,626
Liabilities
Other Liabilities$2,696,812$2,573,109▼ $123,703
Accounts Payable and Accrued Expenses$5,982$9,278▲ $3,296
Total Liabilities$2,702,794$2,582,387▼ $120,407
Net Assets / Fund Balance
Total Net Assets Fund Balance$493,766$506,231▲ $12,465
Total Liabilities and Net Assets / Fund Balance$3,196,560$3,088,618▼ $107,942

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$53,792$53,792
Leasehold Improvements-$20,288$20,288
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eileen HarisonPresidentFT$49,275$15,064$64,339

Board Members and Trustees

NameTitle
Michael SavageChair
Carmen CoatsVice Chair
Helen TaylorDirector
Leon EndersDirector
Ryan JohnsonDirector
Courtney WilsonSecretary
Judy BishopTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$130,890
Investment Income
$6,904
Other Revenue
$0
Change in Net Assets
$10,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$82,640
Other Expenses$45,081
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---$49,275
Other Employee Benefits---$13,847
Other Salaries and Wages---$12,821
Office Expenses---$10,821
Information Technology---$10,296
Payroll Taxes---$4,808
Insurance---$3,731
Conferences and Meetings---$3,638
Pension Plan Contributions---$1,889
Fees for Services Accounting---$1,430
Other Expenses---$1,054
Advertising---$308
Depreciation Depletion---$64
Total Functional Expenses$0$0$0$127,721
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$2,573,109
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has members. To be a member one must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”

Form 990, Page 6, Part VI, Line 8B

“NO COMMITTEES.”

Form 990, Page 6, Part VI, Line 11B

“Management provides necessary data to independent cpa who prepares the return. Management reviews the return for accuracy, and then authorizes the cpa to e-file the approved return. Management reviews the return with the directors at their next board meeting.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors determines the compensation of the president.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and the conflict of interest policy are available to members upon request. The financial statements are included in the annual report to the members.”

Filing and Contact Details

Filer

Filer Name
Mg& E Credit Union
EIN
39-6052411
Phone
6082551773
Address
PO BOX 8601, MADISON, WI 53708

Signing Officer

Name
Eileen Harison
Title
President
Phone
6082551773
Signed
2020-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eileen Harison
Formed
1933
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
7

Preparer

Firm
Brent Wookey CPA
Address
PO BOX 1512, LA CROSSE, WI 54602-1512
Preparer
Brent Wookey CPA
Phone
6087920843
Raw XML Appendix330 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE DIRECTORS AT THEIR NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO MEMBERS UPON REQUEST. THE FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT TO THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03196560
IRS990/TotalAssetsEOYAmt03088618
IRS990/TotalAssetsGrp/BOYAmt03196560
IRS990/TotalAssetsGrp/EOYAmt03088618
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0127721
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02702794
IRS990/TotalLiabilitiesEOYAmt02582387
IRS990/TotalLiabilitiesGrp/BOYAmt02702794
IRS990/TotalLiabilitiesGrp/EOYAmt02582387
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0493766
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0506231
IRS990/TotalOtherCompensationAmt015064
IRS990/TotalProgramServiceRevenueAmt0130890
IRS990/TotalReportableCompFromOrgAmt049275
IRS990/TotalRevenueGrp/ExclusionAmt06904
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0130890
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0137794
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03088618
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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ReturnHeader/BuildTS02020-04-17 16:48:07Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0EILEEN HARISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-09
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.88.144.85
ReturnHeader/FilingSecurityInformation/IPDt02020-06-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:33:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461605712
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRENT WOOKEY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1512
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LA CROSSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0546021512
ReturnHeader/PreparerPersonGrp/PhoneNum06087920843
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-06-26T16:33:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,088,618
Liabilities
$2,582,387
Net assets
$506,231
Revenue
$137,794
Expenses
$127,721
Net income
$10,073
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.06$0.25$0.19
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$2.69$0.51$0.12$0.12$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.09$2.58$0.51$0.14$0.13$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$2.70$0.49$0.13$0.12$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$3.11$0.46$0.13$0.11$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.16$2.71$0.45$0.12$0.10$0.02
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2013Detailed filing. Detailed filing data is available for this year.$2.95$2.52$0.43$0.13$0.13$0.00
2012Summary only. Only limited summary data is available for this year.$2.94$2.52$0.42$0.13$0.13$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$2.60$0.42$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$2.56$0.44$0.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)14 • $1M-$5M nonprofits