Civic Intelligence

1 St Gateway Credit Union

990 • Fiscal year 2016 • EIN 42-0802440

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

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

52nd percentile

0.90x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

40th percentile

16.82x

Higher debt load relative to revenue than 40% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

87th percentile

21%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$270,310

Higher top officer pay than 76% of similar nonprofits.

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

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

72nd percentile

6.7%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

4.4%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$132,957,545

Up $8,302,446 (+6.7%) from 2015

Net Assets

Up

$13,867,407

Up $1,480,000 (+12%) from 2015

Liabilities

Up

$119,090,138

Up $6,822,446 (+6.1%) from 2015

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin87th percentile

Revenue

Up

$7,081,084

Up $295,748 (+4.4%) from 2015

Expenses

Up

$5,601,084

Up $95,746 (+1.7%) from 2015

Net Income

Up

$1,480,000

Up $200,002 (+16%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2016

Assets$132,957,545
Liabilities$119,090,138
Net Assets$13,867,407
Open 2016 Filing

Operations Trend

Revenue Growth40th 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

2016

Revenue$7,081,084
Expenses$5,601,084
Net Income$1,480,000
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$7,081,084
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$103,382,574$111,870,868▲ $8,488,294
Cash and Non-Interest-Bearing Accounts$8,134,103$8,857,562▲ $723,459
Pd in Cap Srpls Land Bldg Eqp Fund$6,434,344$7,174,343▲ $739,999
Rtn Earn Endowment Incm Other Fnds$5,953,063$6,693,064▲ $740,001
Savings and Temporary Cash Investments$7,444,562$6,178,546▼ $1,266,016
Land, Buildings, and Equipment, Net$2,383,195$2,230,503▼ $152,692
Accounts Receivable$260,405$605,691▲ $345,286
Receivables From Officers Etc$512,511$531,028▲ $18,517
Prepaid Expenses and Deferred Charges$216,401$244,645▲ $28,244
Total Assets$124,655,099$132,957,545▲ $8,302,446
Other Assets Total$2,321,348$2,438,702▲ $117,354
Liabilities
Other Liabilities$104,307,804$108,183,688▲ $3,875,884
Mortgage Notes Payable Secured by Investment Property$7,500,000$10,375,000▲ $2,875,000
Accounts Payable and Accrued Expenses$459,888$531,450▲ $71,562
Total Liabilities$112,267,692$119,090,138▲ $6,822,446
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,387,407$13,867,407▲ $1,480,000
Total Liabilities and Net Assets / Fund Balance$124,655,099$132,957,545▲ $8,302,446

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,926,935$1,333,900$3,260,835
Equipment$31,565$416,826$448,391
Land$272,003-$272,003
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick J DrennenCEOFT$185,432$84,878$270,310
Angela DruryCOOFT$115,930$13,416$129,346
James BengtsonCFOFT$82,538$7,598$90,136
Ann EisenmanChairperson--$18$18
Brian JohnsonBoard--$18$18
Kerry KennedySecretary--$18$18
Lanny ReedVice Chairpe--$18$18
Marilyn RasmussenBoard--$18$18
Paul VarnerPresident--$18$18
Roseann RaymondBoard--$18$18
Steve ZuidemaBoard--$18$18
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,974,727
Investment Income
$69,105
Other Revenue
$1,037,252
Change in Net Assets
$1,480,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,081,084
Total Revenue per Audited Statements
$7,081,084
Total Revenue per Form 990
$7,081,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,286,341
Salaries, Compensation, and Employee Benefits$2,314,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,432,516
Interest---$936,591
Current Officers, Directors, Trustees, and Key Employees---$433,089
Office Expenses---$259,755
Other Employee Benefits---$198,793
Occupancy---$193,879
Payroll Taxes---$141,814
All Other Expenses---$121,264
Advertising---$116,309
Depreciation Depletion---$113,144
Pension Plan Contributions---$108,531
Other Expenses---$90,169
Information Technology---$64,850
Travel---$58,958
Fees for Services Other---$48,950
Insurance---$41,552
Fees for Services Legal---$33,336
Payments to Affiliates---$31,002
Fees for Services Accounting---$22,200
Conferences and Meetings---$13,996
Total Functional Expenses$0$0$0$5,601,084

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,601,084
Total Expenses per Audited Statements$5,601,084
Total Expenses per Form 990$5,601,084
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$531,028▲ $18,517
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$108,183,688
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, 2016. The financial information recorded on form 990 was based on unaudited financial statements for the tax year ending december 31, 2016.”

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 J Drennen
Title
CEO
Phone
5632434121
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick J Drennen
Formed
1953
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
57

Preparer

Firm
Anderson Larkin & Co Pc
Address
215 WEST FOURTH STREET, OTTUMWA, IA 52501
Preparer
Bradley T Barnes
Phone
6416845489
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IRS990/OtherExpensesGrp/Desc2OTHER OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0439318
IRS990/OtherExpensesGrp/TotalAmt1427644
IRS990/OtherExpensesGrp/TotalAmt2273424
IRS990/OtherExpensesGrp/TotalAmt390169
IRS990/OtherLiabilitiesGrp/BOYAmt0104307804
IRS990/OtherLiabilitiesGrp/EOYAmt0108183688
IRS990/OtherRevenueMiscGrp/Desc0FEES AND CHARGES
IRS990/OtherRevenueMiscGrp/Desc1CASH OVER/SHORT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01036848
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1404
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01036848
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1404
IRS990/OtherRevenueTotalAmt01037252
IRS990/OtherSalariesAndWagesGrp/TotalAmt01432516
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0103382574
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0111870868
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt031002
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt0141814
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt06434344
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt07174343
IRS990/PensionPlanContributionsGrp/TotalAmt0108531
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0216401
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0244645
IRS990/PrincipalOfficerNm0PATRICK J DRENNEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05974727
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05974727
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0126728
IRS990/PYOtherExpensesAmt03277450
IRS990/PYOtherRevenueAmt0984383
IRS990/PYProgramServiceRevenueAmt05674225
IRS990/PYRevenuesLessExpensesAmt01279998
IRS990/PYSalariesCompEmpBnftPaidAmt02227888
IRS990/PYTotalExpensesAmt05505338
IRS990/PYTotalRevenueAmt06785336
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0512511
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0531028
IRS990/ReconcilationRevenueExpnssAmt01480000
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05974727
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05953063
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06693064
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07444562
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06178546
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01926935
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01333900
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03260835
IRS990ScheduleD/EquipmentGrp/BookValueAmt031565
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0416826
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0448391
IRS990ScheduleD/ExpensesSubtotalAmt05601084
IRS990ScheduleD/LandGrp/BookValueAmt0272003
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0272003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0108183688
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/RevenueSubtotalAmt07081084
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02230503
IRS990ScheduleD/TotalExpensesPerForm990Amt05601084
IRS990ScheduleD/TotalLiabilityAmt0108183688
IRS990ScheduleD/TotalRevenuePerForm990Amt07081084
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07081084
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05601084
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0185432
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount049189
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt035689
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK J DRENNEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0270310
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0182328
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1155556
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2140870
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt338592
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt413682
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REFINANCE HOME LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1REFINANCE HOME LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2REFINANCING HOME LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3CAR LOAN-RENTALS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4CAR LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1167100
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2189000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt356675
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt416667
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ANGELA DRURY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JAMES BENGTSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2PATRICK DRENNEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3ANGELA DRURY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4JAMES R BENGTSON JR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0COO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1CFO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3COO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4CFO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/TotalBalanceDueAmt0531028
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, 2016. THE FINANCIAL INFORMATION RECORDED ON FORM 990 WAS BASED ON UNAUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR ENDING DECEMBER 31, 2016.
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0124655099
IRS990/TotalAssetsEOYAmt0132957545
IRS990/TotalAssetsGrp/BOYAmt0124655099
IRS990/TotalAssetsGrp/EOYAmt0132957545
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05601084
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0112267692
IRS990/TotalLiabilitiesEOYAmt0119090138
IRS990/TotalLiabilitiesGrp/BOYAmt0112267692
IRS990/TotalLiabilitiesGrp/EOYAmt0119090138
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012387407
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013867407
IRS990/TotalOtherCompensationAmt056847
IRS990/TotalProgramServiceExpensesAmt05601084
IRS990/TotalProgramServiceRevenueAmt05974727
IRS990/TotalReportableCompFromOrgAmt0433089
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07081084
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07081084
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0124655099

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$132,957,545
Liabilities
$119,090,138
Net assets
$13,867,407
Revenue
$7,081,084
Expenses
$5,601,084
Net income
$1,480,000
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