Civic Intelligence

1 St Gateway Credit Union

990 • Fiscal year 2014 • EIN 42-0802440

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

Organization ProfileWWW.1STGATEWAY.ORG

View Organization Page

2306 Camanche Industrial Park DriveCamanche, IA 52730

(563) 243-4121

Siviq Scores

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

Liabilities / Assets

58th percentile

0.90x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

33rd percentile

16.39x

Higher debt load relative to revenue than 33% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Net Margin

79th percentile

18%

Higher net margin than 79% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

80th percentile

$264,008

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Asset Growth

96th percentile

17%

Faster asset growth than 96% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

14%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$105,905,806

Up $15,363,363 (+17%) from 2013

Net Assets

Up

$10,480,244

Up $1,060,000 (+11%) from 2013

Liabilities

Up

$95,425,562

Up $14,303,363 (+18%) from 2013

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin79th percentile

Revenue

Up

$5,823,827

Up $704,345 (+14%) from 2013

Expenses

Up

$4,763,827

Up $719,345 (+18%) from 2013

Net Income

Down

$1,060,000

Down $15,000 (-1.4%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$200M$150M$100M$50M$0Assets 2010: $75,818,338Liabilities 2010: $69,195,403Net Assets 2010: $6,622,9352010Assets 2012: $85,378,301Liabilities 2012: $77,033,057Net Assets 2012: $8,345,2442012Assets 2013: $90,542,443Liabilities 2013: $81,122,199Net Assets 2013: $9,420,2442013Assets 2014: $105,905,806Liabilities 2014: $95,425,562Net Assets 2014: $10,480,2442014Assets 2015: $124,655,099Liabilities 2015: $112,267,692Net Assets 2015: $12,387,4072015Assets 2016: $132,957,545Liabilities 2016: $119,090,138Net Assets 2016: $13,867,4072016Assets 2017: $137,543,638Liabilities 2017: $122,291,229Net Assets 2017: $15,252,4092017Assets 2018: $147,772,817Liabilities 2018: $131,225,408Net Assets 2018: $16,547,4092018Assets 2019: $161,079,395Liabilities 2019: $143,526,986Net Assets 2019: $17,552,4092019Assets 2020: $178,043,092Liabilities 2020: $159,385,683Net Assets 2020: $18,657,4092020Assets 2021: $176,575,582Liabilities 2021: $156,933,173Net Assets 2021: $19,642,4092021Assets 2022: $167,341,936Liabilities 2022: $146,609,527Net Assets 2022: $20,732,4092022Assets 2023: $159,056,358Liabilities 2023: $137,078,950Net Assets 2023: $21,977,4082023Assets 2024: $164,181,923Liabilities 2024: $141,354,514Net Assets 2024: $22,827,4092024

Highlighted filing

2014

Assets$105,905,806
Liabilities$95,425,562
Net Assets$10,480,244
Open 2014 Filing

Operations Trend

Revenue Growth94th percentile

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

$15M$10M$5.0M$0Expenses 2010: $3,827,0552010Expenses 2012: $4,030,2192012Revenue 2013: $5,119,482Expenses 2013: $4,044,482Net Income 2013: $1,075,0002013Revenue 2014: $5,823,827Expenses 2014: $4,763,827Net Income 2014: $1,060,0002014Revenue 2015: $6,785,336Expenses 2015: $5,505,338Net Income 2015: $1,279,9982015Revenue 2016: $7,081,084Expenses 2016: $5,601,084Net Income 2016: $1,480,0002016Revenue 2017: $7,317,059Expenses 2017: $5,932,057Net Income 2017: $1,385,0022017Revenue 2018: $7,952,305Expenses 2018: $6,657,305Net Income 2018: $1,295,0002018Revenue 2019: $8,664,766Expenses 2019: $7,659,766Net Income 2019: $1,005,0002019Revenue 2020: $8,497,512Expenses 2020: $7,392,512Net Income 2020: $1,105,0002020Revenue 2021: $8,014,799Expenses 2021: $7,029,799Net Income 2021: $985,0002021Revenue 2022: $8,606,923Expenses 2022: $7,516,923Net Income 2022: $1,090,0002022Revenue 2023: $9,405,272Expenses 2023: $8,160,273Net Income 2023: $1,244,9992023Revenue 2024: $10,262,592Expenses 2024: $9,412,592Net Income 2024: $850,0002024

Highlighted filing

2014

Revenue$5,823,827
Expenses$4,763,827
Net Income$1,060,000
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$5,823,827
Mission and Program Overview

Mission

Non-profit financial working to help consumers invest and borrow at the best rates and terms.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$74,836,308$90,713,849▲ $15,877,541
Savings and Temporary Cash Investments$4,304,347$5,545,695▲ $1,241,348
Pd in Cap Srpls Land Bldg Eqp Fund$4,502,089$5,307,089▲ $805,000
Rtn Earn Endowment Incm Other Fnds$4,918,155$5,173,155▲ $255,000
Cash and Non-Interest-Bearing Accounts$6,169,831$4,118,364▼ $2,051,467
Land, Buildings, and Equipment, Net$2,378,550$2,492,129▲ $113,579
Prepaid Expenses and Deferred Charges$312,072$281,683▼ $30,389
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$90,542,443$105,905,806▲ $15,363,363
Other Assets Total$2,541,335$2,754,086▲ $212,751
Liabilities
Other Liabilities$75,795,802$87,533,261▲ $11,737,459
Accounts Payable and Accrued Expenses$5,326,397$7,892,301▲ $2,565,904
Total Liabilities$81,122,199$95,425,562▲ $14,303,363
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,420,244$10,480,244▲ $1,060,000
Total Liabilities and Net Assets / Fund Balance$90,542,443$105,905,806▲ $15,363,363

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,149,992$895,076$3,045,068
Land$260,727-$260,727
Equipment$81,410$22,971$104,381
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick DrennenCEOFT$166,840$97,168$264,008
Angela DruryCOOFT$99,507$32,777$132,284
Ann EisenmanChairperson--$16$16
Brian JohnsonBoard--$16$16
Dan BolteBoard--$16$16
Elmer JacksonSecretary--$16$16
Jim BengtsonTreasurer--$16$16
Jim WhiteBoard--$16$16
Lanny ReedVice Chairperson--$16$16
Marilyn RasmussenBoard--$16$16
Ted TornowBoard--$16$16
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,876,678
Investment Income
$25,648
Other Revenue
$921,501
Change in Net Assets
$1,060,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,823,827
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,823,827
Total Revenue per Form 990
$5,823,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,741,806
Salaries, Compensation, and Employee Benefits$2,022,021
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,092,036--$1,092,036
Interest$593,481--$593,481
Current Officers, Directors, Trustees, and Key Employees$396,436--$396,436
Other Employee Benefits$393,518--$393,518
Occupancy$222,903--$222,903
Office Expenses$219,747--$219,747
Depreciation Depletion$217,912--$217,912
All Other Expenses$164,023--$164,023
Payroll Taxes$116,136--$116,136
Advertising$111,738--$111,738
Information Technology$68,778--$68,778
Other Expenses$68,511--$68,511
Travel$55,761--$55,761
Insurance$48,252--$48,252
Fees for Services Other$42,000--$42,000
Payments to Affiliates$31,074--$31,074
Pension Plan Contributions$23,895--$23,895
Fees for Services Accounting$16,500--$16,500
Fees for Services Legal$16,206--$16,206
Conferences and Meetings$14,663--$14,663
Total Functional Expenses$4,763,827$0$0$4,763,827

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,763,827
Total Expenses per Audited Statements$4,763,827
Total Expenses per Form 990$4,763,827
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Members Shares$87,533,261
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“1st gateway credit union is supported by its members.”

Form 990, Part VI, Section A, Line 7A

“Credit union members are allowed to elect individuals to sit on the organization's board of directors.”

Form 990, Part VI, Section B, Line 11

“A copy of form 990 was provided to the organization's governing body before it was filed. Both the board and management reviews the return.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is reviewed annually and management is responsible for monitoring.”

Form 990, Part VI, Section B, Line 15

“1st gateway credit union has an outside firm (compease)that they utilize to determine appropriate wage scales. Surveys are based on demographics and asset size.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the lobby. Other governing documents are available upon request.”

Part VII, Line 2C

“1st gateway credit union has an audit committee which is comprised of 3 board members and the coo. The committee solicits the cpa for the opinion audit and the audit chair signs the contract to perform the audit. No changes in processes from prior years. Please note: audited financial statements were issued for the year ending august 31, 2014. The financial information recored on form 990 was based on unaudited financial statements for the tax year ending december 31, 2014.”

Filing and Contact Details

Filer

Filer Name
1st Gateway Credit Union
EIN
42-0802440
Phone
5632434121
Address
2306 CAMANCHE INDUSTRIAL PARK DRIVE, CAMANCHE, IA 52730

Signing Officer

Name
Patrick Drennen
Title
CEO
Phone
5632434121
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Drennen
Formed
1953
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
52
Volunteers
0

Preparer

Firm
Gardiner Thomsen
Address
10555 NEW YORK AVENUE SUITE 200, DES MOINES, IA 50322
Preparer
C L Telk Jr CPA
Phone
5152701446
Raw XML AppendixShowing 400 of 435 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/OccupancyGrp/ProgramServicesAmt0222903
IRS990/OccupancyGrp/TotalAmt0222903
IRS990/OfficeExpensesGrp/ProgramServicesAmt0219747
IRS990/OfficeExpensesGrp/TotalAmt0219747
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02541335
IRS990/OtherAssetsTotalGrp/EOYAmt02754086
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0393518
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0393518
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2ORIGINATION FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt0427386
IRS990/OtherExpensesGrp/ProgramServicesAmt1422871
IRS990/OtherExpensesGrp/ProgramServicesAmt268511
IRS990/OtherExpensesGrp/TotalAmt0427386
IRS990/OtherExpensesGrp/TotalAmt1422871
IRS990/OtherExpensesGrp/TotalAmt268511
IRS990/OtherLiabilitiesGrp/BOYAmt075795802
IRS990/OtherLiabilitiesGrp/EOYAmt087533261
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0567908
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0567908
IRS990/OtherRevenueTotalAmt0921501
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01092036
IRS990/OtherSalariesAndWagesGrp/TotalAmt01092036
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt074836308
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt090713849
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt031074
IRS990/PaymentsToAffiliatesGrp/TotalAmt031074
IRS990/PayrollTaxesGrp/ProgramServicesAmt0116136
IRS990/PayrollTaxesGrp/TotalAmt0116136
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt04502089
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt05307089
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt023895
IRS990/PensionPlanContributionsGrp/TotalAmt023895
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0312072
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0281683
IRS990/PrincipalOfficerNm0PATRICK DRENNEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04876678
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04876678
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt034401
IRS990/PYOtherExpensesAmt02294962
IRS990/PYOtherRevenueAmt0842095
IRS990/PYProgramServiceRevenueAmt04242986
IRS990/PYRevenuesLessExpensesAmt01075000
IRS990/PYSalariesCompEmpBnftPaidAmt01749520
IRS990/PYTotalExpensesAmt04044482
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05119482
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01060000
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05798179
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04918155
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05173155
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04304347
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05545695
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02149992
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0895076
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03045068
IRS990ScheduleD/EquipmentGrp/BookValueAmt081410
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022971
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0104381
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04763827
IRS990ScheduleD/LandGrp/BookValueAmt0260727
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0260727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087533261
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05823827
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02492129
IRS990ScheduleD/TotalExpensesPerForm990Amt04763827
IRS990ScheduleD/TotalLiabilityAmt087533261
IRS990ScheduleD/TotalRevenuePerForm990Amt05823827
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05823827
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04763827
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0166840
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount035218
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt047798
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt049074
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012876
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK DRENNEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0264008
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS AN OUTSIDE FIRM (COMPEASE) THAT THEY UTILIZE TO DETERMINE APPROPRIATE WAGE SCALES. THE SURVEYS ARE BASED ON DEMOGRAPHICS AND ASSET SIZE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01ST GATEWAY CREDIT UNION IS SUPPORTED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CREDIT UNION MEMBERS ARE ALLOWED TO ELECT INDIVIDUALS TO SIT ON THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED. BOTH THE BOARD AND MANAGEMENT REVIEWS THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND MANAGEMENT IS RESPONSIBLE FOR MONITORING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt41ST GATEWAY CREDIT UNION HAS AN OUTSIDE FIRM (COMPEASE)THAT THEY UTILIZE TO DETERMINE APPROPRIATE WAGE SCALES. SURVEYS ARE BASED ON DEMOGRAPHICS AND ASSET SIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt61ST GATEWAY CREDIT UNION HAS AN AUDIT COMMITTEE WHICH IS COMPRISED OF 3 BOARD MEMBERS AND THE COO. THE COMMITTEE SOLICITS THE CPA FOR THE OPINION AUDIT AND THE AUDIT CHAIR SIGNS THE CONTRACT TO PERFORM THE AUDIT. NO CHANGES IN PROCESSES FROM PRIOR YEARS. PLEASE NOTE: AUDITED FINANCIAL STATEMENTS WERE ISSUED FOR THE YEAR ENDING AUGUST 31, 2014. THE FINANCIAL INFORMATION RECORED ON FORM 990 WAS BASED ON UNAUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR ENDING DECEMBER 31, 2014.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt090542443
IRS990/TotalAssetsEOYAmt0105905806
IRS990/TotalAssetsGrp/BOYAmt090542443
IRS990/TotalAssetsGrp/EOYAmt0105905806
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04763827
IRS990/TotalFunctionalExpensesGrp/TotalAmt04763827
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt081122199
IRS990/TotalLiabilitiesEOYAmt095425562
IRS990/TotalLiabilitiesGrp/BOYAmt081122199
IRS990/TotalLiabilitiesGrp/EOYAmt095425562
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09420244
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010480244
IRS990/TotalOtherCompensationAmt094871
IRS990/TotalProgramServiceExpensesAmt04763827
IRS990/TotalProgramServiceRevenueAmt04876678
IRS990/TotalReportableCompFromOrgAmt0301565
IRS990/TotalRevenueGrp/ExclusionAmt025648
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05798179
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05823827
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt090542443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0105905806
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt055761
IRS990/TravelGrp/TotalAmt055761
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$105,905,806
Liabilities
$95,425,562
Net assets
$10,480,244
Revenue
$5,823,827
Expenses
$4,763,827
Net income
$1,060,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$164$141$22.8$10.3$9.41$0.85
2023Detailed filing. Detailed filing data is available for this year.$159$137$22.0$9.41$8.16$1.24
2022Detailed filing. Detailed filing data is available for this year.$167$147$20.7$8.61$7.52$1.09
2021Detailed filing. Detailed filing data is available for this year.$177$157$19.6$8.01$7.03$0.99
2020Detailed filing. Detailed filing data is available for this year.$178$159$18.7$8.50$7.39$1.11
2019Detailed filing. Detailed filing data is available for this year.$161$144$17.6$8.66$7.66$1.01
2018Detailed filing. Detailed filing data is available for this year.$148$131$16.5$7.95$6.66$1.30
2017Detailed filing. Detailed filing data is available for this year.$138$122$15.3$7.32$5.93$1.39
2016Detailed filing. Detailed filing data is available for this year.$133$119$13.9$7.08$5.60$1.48
2015Detailed filing. Detailed filing data is available for this year.$125$112$12.4$6.79$5.51$1.28
2014Detailed filing. Detailed filing data is available for this year.$106$95.4$10.5$5.82$4.76$1.06
2013Detailed filing. Detailed filing data is available for this year.$90.5$81.1$9.42$5.12$4.04$1.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.4$77.0$8.35$4.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.8$69.2$6.62$3.83