Civic Intelligence

1 St Gateway Credit Union

990 • Fiscal year 2015 • EIN 42-0802440

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 23, 2016

Organization ProfileWWW.1STGATEWAY.ORG

View Organization Page

PO Box 110Camanche, IA 52730

(563) 543-4121

Siviq Scores

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

Liabilities / Assets

57th percentile

0.90x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

31st percentile

16.55x

Higher debt load relative to revenue than 31% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Net Margin

83rd percentile

19%

Higher net margin than 83% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

75th percentile

$260,826

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Asset Growth

96th percentile

18%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

17%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$124,655,099

Up $18,749,293 (+18%) from 2014

Net Assets

Up

$12,387,407

Up $1,907,163 (+18%) from 2014

Liabilities

Up

$112,267,692

Up $16,842,130 (+18%) from 2014

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin83rd percentile

Revenue

Up

$6,785,336

Up $961,509 (+17%) from 2014

Expenses

Up

$5,505,338

Up $741,511 (+16%) from 2014

Net Income

Up

$1,279,998

Up $219,998 (+21%) from 2014

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

2015

Assets$124,655,099
Liabilities$112,267,692
Net Assets$12,387,407
Open 2015 Filing

Operations Trend

Revenue Growth92nd 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

2015

Revenue$6,785,336
Expenses$5,505,338
Net Income$1,279,998
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 23, 2016
Return Version
2015v2.1
Gross Receipts
$6,785,336
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$90,713,849$103,382,574▲ $12,668,725
Cash and Non-Interest-Bearing Accounts$4,118,364$8,134,103▲ $4,015,739
Savings and Temporary Cash Investments$5,545,695$7,444,562▲ $1,898,867
Pd in Cap Srpls Land Bldg Eqp Fund$5,307,089$6,434,344▲ $1,127,255
Rtn Earn Endowment Incm Other Fnds$5,173,155$5,953,063▲ $779,908
Land, Buildings, and Equipment, Net$2,492,129$2,383,195▼ $108,934
Receivables From Officers Etc-$512,511-
Accounts Receivable-$260,405-
Prepaid Expenses and Deferred Charges$281,683$216,401▼ $65,282
Total Assets$105,905,806$124,655,099▲ $18,749,293
Other Assets Total$2,754,086$2,321,348▼ $432,738
Liabilities
Other Liabilities$87,533,261$104,307,804▲ $16,774,543
Mortgage Notes Payable Secured by Investment Property$7,500,000$7,500,000→ $0
Accounts Payable and Accrued Expenses$392,301$459,888▲ $67,587
Total Liabilities$95,425,562$112,267,692▲ $16,842,130
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,480,244$12,387,407▲ $1,907,163
Total Liabilities and Net Assets / Fund Balance$105,905,806$124,655,099▲ $18,749,293

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,072,628$1,086,090$3,158,718
Equipment$38,564$455,935$494,499
Land$272,003-$272,003
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick DrennenCEOFT$178,548$82,278$260,826
Angela DruryCOOFT$100,932$39,343$140,275
James BengtsonCFOFT$49,795$4,715$54,510
Ann EisenmanChairperson--$18$18
Brian JohnsonBoard--$18$18
Lanny ReedVice Chairpe--$18$18
Marilyn RasmussenBoard--$18$18
Paul VarnerPresident--$18$18
Steve DavisSecretary--$18$18
Steve ZuidemaBoard--$18$18
Ted TornowBoard--$18$18
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,674,225
Investment Income
$126,728
Other Revenue
$984,383
Change in Net Assets
$1,279,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,785,336
Total Revenue per Audited Statements
$6,785,336
Total Revenue per Form 990
$6,785,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,277,450
Salaries, Compensation, and Employee Benefits$2,227,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,244,418--$1,244,418
Interest$799,973--$799,973
Depreciation Depletion$433,006--$433,006
Other Employee Benefits$384,223--$384,223
Current Officers, Directors, Trustees, and Key Employees$367,469--$367,469
Office Expenses$252,820--$252,820
Occupancy$198,006--$198,006
Advertising$146,070--$146,070
Payroll Taxes$134,788--$134,788
Pension Plan Contributions$96,990--$96,990
Other Expenses$92,399--$92,399
All Other Expenses$90,240--$90,240
Travel$70,290--$70,290
Information Technology$59,354--$59,354
Insurance$43,081--$43,081
Fees for Services Other$34,750--$34,750
Payments to Affiliates$26,042--$26,042
Fees for Services Legal$21,264--$21,264
Fees for Services Accounting$18,000--$18,000
Conferences and Meetings$10,741--$10,741
Total Functional Expenses$5,505,338$0$0$5,505,338

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,505,338
Total Expenses per Audited Statements$5,505,338
Total Expenses per Form 990$5,505,338
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$512,511-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$104,307,804
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

“1st gateway credit union has an audit committee which is compromised 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, 2015. The financial information recorded on form 990 was based on unaudited financial statements for the tax year ending december 31, 2015.”

Form 990, Page 6, Part VI, Line 6

“1st gateway is supported by its members.”

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

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

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

“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, Page 6, Part VI, Line 12C

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

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

“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, Page 6, Part VI, Line 15B

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

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
1st Gateway Credit Union
EIN
42-0802440
Phone
5635434121
Address
PO BOX 110, CAMANCHE, IA 52730

Signing Officer

Name
Patrick Drennen
Title
CEO
Phone
5632434121
Signed
2016-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Drennen
Formed
1953
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
51

Preparer

Firm
Anderson Larkin & Co Pc
Address
215 WEST FOURTH STREET, OTTUMWA, IA 52501
Preparer
Bradley T Barnes
Phone
6416845489
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Merger with morrison credit union 627,165 total 627,165”

Raw XML AppendixShowing 400 of 441 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/MortgNotesPyblScrdInvstPropGrp/BOYAmt07500000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07500000
IRS990/NetAssetsOrFundBalancesBOYAmt010480244
IRS990/NetAssetsOrFundBalancesEOYAmt012387407
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0198006
IRS990/OccupancyGrp/TotalAmt0198006
IRS990/OfficeExpensesGrp/ProgramServicesAmt0252820
IRS990/OfficeExpensesGrp/TotalAmt0252820
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02754086
IRS990/OtherAssetsTotalGrp/EOYAmt02321348
IRS990/OtherChangesInNetAssetsAmt0627165
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0384223
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0384223
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1LOAN LOSS & RESERVES
IRS990/OtherExpensesGrp/Desc2OTHER OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0461270
IRS990/OtherExpensesGrp/ProgramServicesAmt1307469
IRS990/OtherExpensesGrp/ProgramServicesAmt2212675
IRS990/OtherExpensesGrp/ProgramServicesAmt392399
IRS990/OtherExpensesGrp/TotalAmt0461270
IRS990/OtherExpensesGrp/TotalAmt1307469
IRS990/OtherExpensesGrp/TotalAmt2212675
IRS990/OtherExpensesGrp/TotalAmt392399
IRS990/OtherLiabilitiesGrp/BOYAmt087533261
IRS990/OtherLiabilitiesGrp/EOYAmt0104307804
IRS990/OtherRevenueMiscGrp/Desc0FEES AND CHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0984383
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0984383
IRS990/OtherRevenueTotalAmt0984383
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01244418
IRS990/OtherSalariesAndWagesGrp/TotalAmt01244418
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt090713849
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0103382574
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt026042
IRS990/PaymentsToAffiliatesGrp/TotalAmt026042
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0134788
IRS990/PayrollTaxesGrp/TotalAmt0134788
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt05307089
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt06434344
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt096990
IRS990/PensionPlanContributionsGrp/TotalAmt096990
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0281683
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0216401
IRS990/PrincipalOfficerNm0PATRICK DRENNEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05674225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05674225
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt025648
IRS990/PYOtherExpensesAmt02741806
IRS990/PYOtherRevenueAmt0921501
IRS990/PYProgramServiceRevenueAmt04876678
IRS990/PYRevenuesLessExpensesAmt01060000
IRS990/PYSalariesCompEmpBnftPaidAmt02022021
IRS990/PYTotalExpensesAmt04763827
IRS990/PYTotalRevenueAmt05823827
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0512511
IRS990/ReconcilationRevenueExpnssAmt01279998
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05674225
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05173155
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05953063
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05545695
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07444562
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02072628
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01086090
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03158718
IRS990ScheduleD/EquipmentGrp/BookValueAmt038564
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0455935
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0494499
IRS990ScheduleD/ExpensesSubtotalAmt05505338
IRS990ScheduleD/LandGrp/BookValueAmt0272003
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0272003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0104307804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/RevenueSubtotalAmt06785336
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02383195
IRS990ScheduleD/TotalExpensesPerForm990Amt05505338
IRS990ScheduleD/TotalLiabilityAmt0104307804
IRS990ScheduleD/TotalRevenuePerForm990Amt06785336
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06785336
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05505338
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0178548
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount038194
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt026430
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK DRENNEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0260826
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0187295
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1165268
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2159948
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REFINANCE HOME LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1REFINANCE HOME LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2REFINANCING HOME LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1167100
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2189000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ANGELA DRURY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JAMES BENGTSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2PATRICK DRENNEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0COO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1CFO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/TotalBalanceDueAmt0512511
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01ST GATEWAY CREDIT UNION HAS AN AUDIT COMMITTEE WHICH IS COMPROMISED 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, 2015. THE FINANCIAL INFORMATION RECORDED ON FORM 990 WAS BASED ON UNAUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR ENDING DECEMBER 31, 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ST GATEWAY IS SUPPORTED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT UNION MEMBERS ARE ALLOWED TO ELECT INDIVIDUALS TO SIT ON THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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/ExplanationTxt4THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND MANAGEMENT IS RESPONSIBLE FOR MONITORING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt51ST 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/ExplanationTxt61ST GATEWAY CREDIT UNION HAS AN OUTSIDE FIRM (COMPEASE) THAT THEY UTILIZE OT DETERMINE APPROPRIATE WAGE SCALES. SURVEYS ARE BASED ON DEMOGRAPHICS AND ASSET SIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MERGER WITH MORRISON CREDIT UNION 627,165 TOTAL 627,165
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0105905806
IRS990/TotalAssetsEOYAmt0124655099
IRS990/TotalAssetsGrp/BOYAmt0105905806
IRS990/TotalAssetsGrp/EOYAmt0124655099
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05505338
IRS990/TotalFunctionalExpensesGrp/TotalAmt05505338
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt095425562
IRS990/TotalLiabilitiesEOYAmt0112267692
IRS990/TotalLiabilitiesGrp/BOYAmt095425562
IRS990/TotalLiabilitiesGrp/EOYAmt0112267692
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010480244
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012387407
IRS990/TotalOtherCompensationAmt088286
IRS990/TotalProgramServiceExpensesAmt05505338
IRS990/TotalProgramServiceRevenueAmt05674225
IRS990/TotalReportableCompFromOrgAmt0367469

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$124,655,099
Liabilities
$112,267,692
Net assets
$12,387,407
Revenue
$6,785,336
Expenses
$5,505,338
Net income
$1,279,998
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