Civic Intelligence

1 St Gateway Credit Union

990 • Fiscal year 2018 • EIN 42-0802440

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 01, 2019

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

46th percentile

0.89x

Higher debt load relative to assets than 46% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

46th percentile

16.50x

Higher debt load relative to revenue than 46% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Net Margin

65th percentile

16%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

86th percentile

$312,163

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Asset Growth

81st percentile

7.4%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

8.7%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$147,772,817

Up $10,229,179 (+7.4%) from 2017

Net Assets

Up

$16,547,409

Up $1,295,000 (+8.5%) from 2017

Liabilities

Up

$131,225,408

Up $8,934,179 (+7.3%) from 2017

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin65th percentile

Revenue

Up

$7,952,305

Up $635,246 (+8.7%) from 2017

Expenses

Up

$6,657,305

Up $725,248 (+12%) from 2017

Net Income

Down

$1,295,000

Down $90,002 (-6.5%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2018

Assets$147,772,817
Liabilities$131,225,408
Net Assets$16,547,409
Open 2018 Filing

Operations Trend

Revenue Growth39th 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

2018

Revenue$7,952,305
Expenses$6,657,305
Net Income$1,295,000
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 1, 2019
Return Version
2018v3.1
Gross Receipts
$7,952,305
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$117,459,163$125,761,865▲ $8,302,702
Cash and Non-Interest-Bearing Accounts$7,510,292$10,252,916▲ $2,742,624
Pd in Cap Srpls Land Bldg Eqp Fund$8,213,094$8,713,094▲ $500,000
Rtn Earn Endowment Incm Other Fnds$7,039,315$7,834,315▲ $795,000
Savings and Temporary Cash Investments$5,981,557$4,703,888▼ $1,277,669
Land, Buildings, and Equipment, Net$2,716,711$2,832,479▲ $115,768
Accounts Receivable$625,473$635,974▲ $10,501
Receivables From Officers Etc$459,189$488,430▲ $29,241
Prepaid Expenses and Deferred Charges$226,295$323,715▲ $97,420
Total Assets$137,543,638$147,772,817▲ $10,229,179
Other Assets Total$2,564,958$2,773,550▲ $208,592
Liabilities
Other Liabilities$111,953,941$114,589,477▲ $2,635,536
Mortgage Notes Payable Secured by Investment Property$9,750,000$16,000,000▲ $6,250,000
Accounts Payable and Accrued Expenses$587,288$635,931▲ $48,643
Total Liabilities$122,291,229$131,225,408▲ $8,934,179
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,252,409$16,547,409▲ $1,295,000
Total Liabilities and Net Assets / Fund Balance$137,543,638$147,772,817▲ $10,229,179

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,316,491$1,586,681$3,903,172
Equipment$179,610$537,312$716,922
Land$336,378-$336,378
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick J DrennenCEOFT$207,423$104,740$312,163
Angela DruryCOOFT$123,305$21,401$144,706
James BengtsonCFOFT$97,270$8,120$105,390

Board Members and Trustees

NameTitle
Ann EisenmanChairperson
Paul VarnerPresident
Lanny ReedVice Chairpe
Brian JohnsonBoard
Karinne TharaldsonBoard
Marilyn RasmussenBoard
Roseann RaymondBoard
Steve ZuidemaBoard
Kerry KennedySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,651,848
Investment Income
$151,379
Other Revenue
$1,149,078
Change in Net Assets
$1,295,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,952,305
Total Revenue per Audited Statements
$7,952,305
Total Revenue per Form 990
$7,952,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,071,771
Salaries, Compensation, and Employee Benefits$2,585,534
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,597,628
Interest---$1,243,607
Current Officers, Directors, Trustees, and Key Employees---$478,398
Occupancy---$234,653
Other Employee Benefits---$228,911
Office Expenses---$215,377
All Other Expenses---$185,891
Depreciation Depletion---$175,739
Payroll Taxes---$154,881
Advertising---$148,938
Other Expenses---$134,995
Pension Plan Contributions---$125,716
Fees for Services Other---$65,163
Information Technology---$63,494
Travel---$53,381
Insurance---$47,778
Payments to Affiliates---$28,176
Fees for Services Legal---$27,401
Fees for Services Accounting---$24,000
Conferences and Meetings---$7,500
Total Functional Expenses$0$0$0$6,657,305

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,657,305
Total Expenses per Audited Statements$6,657,305
Total Expenses per Form 990$6,657,305
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$459,189$488,430▲ $29,241
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$114,589,477
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, 2018. The financial information recorded on form 990 was based on unaudited financial statements for the tax year ending december 31, 2018.”

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
2019-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick J Drennen
Formed
1953
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
62

Preparer

Firm
Anderson Larkin & Co Pc
Address
221 N WAPELLO, OTTUMWA, IA 52501
Preparer
Bradley T Barnes
Phone
6416845489
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02564958
IRS990/OtherAssetsTotalGrp/EOYAmt02773550
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0228911
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1LOAN LOSS & RESERVES
IRS990/OtherExpensesGrp/Desc2OTHER OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0598584
IRS990/OtherExpensesGrp/TotalAmt1424724
IRS990/OtherExpensesGrp/TotalAmt2392370
IRS990/OtherExpensesGrp/TotalAmt3134995
IRS990/OtherLiabilitiesGrp/BOYAmt0111953941
IRS990/OtherLiabilitiesGrp/EOYAmt0114589477
IRS990/OtherRevenueMiscGrp/Desc0FEES AND CHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01149078
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01149078
IRS990/OtherRevenueTotalAmt01149078
IRS990/OtherSalariesAndWagesGrp/TotalAmt01597628
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0117459163
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0125761865
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt028176
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt0154881
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt08213094
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt08713094
IRS990/PensionPlanContributionsGrp/TotalAmt0125716
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0226295
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0323715
IRS990/PrincipalOfficerNm0PATRICK J DRENNEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06651848
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06651848
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt094751
IRS990/PYOtherExpensesAmt03563078
IRS990/PYOtherRevenueAmt01034686
IRS990/PYProgramServiceRevenueAmt06187622
IRS990/PYRevenuesLessExpensesAmt01385002
IRS990/PYSalariesCompEmpBnftPaidAmt02368979
IRS990/PYTotalExpensesAmt05932057
IRS990/PYTotalRevenueAmt07317059
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0459189
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0488430
IRS990/ReconcilationRevenueExpnssAmt01295000
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06651848
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07039315
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07834315
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05981557
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04703888
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02316491
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01586681
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03903172
IRS990ScheduleD/EquipmentGrp/BookValueAmt0179610
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0537312
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0716922
IRS990ScheduleD/ExpensesSubtotalAmt06657305
IRS990ScheduleD/LandGrp/BookValueAmt0336378
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0336378
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0114589477
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/RevenueSubtotalAmt07952305
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02832479
IRS990ScheduleD/TotalExpensesPerForm990Amt06657305
IRS990ScheduleD/TotalLiabilityAmt0114589477
IRS990ScheduleD/TotalRevenuePerForm990Amt07952305
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07952305
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06657305
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0207423
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount050400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt054340
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK J DRENNEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0312163
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0181674
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1168102
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2138654
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/LoanPurposeTxt0REFINANCING HOME LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1REFINANCE HOME LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2REFINANCE HOME LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0189000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2167100
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PATRICK DRENNEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1ANGELA DRURY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2JAMES BENGTSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1COO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2CFO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/TotalBalanceDueAmt0488430
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, 2018. THE FINANCIAL INFORMATION RECORDED ON FORM 990 WAS BASED ON UNAUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR ENDING DECEMBER 31, 2018.
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0137543638
IRS990/TotalAssetsEOYAmt0147772817
IRS990/TotalAssetsGrp/BOYAmt0137543638
IRS990/TotalAssetsGrp/EOYAmt0147772817
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt062
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt06657305
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0122291229
IRS990/TotalLiabilitiesEOYAmt0131225408
IRS990/TotalLiabilitiesGrp/BOYAmt0122291229
IRS990/TotalLiabilitiesGrp/EOYAmt0131225408
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015252409
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016547409
IRS990/TotalOtherCompensationAmt083861
IRS990/TotalProgramServiceExpensesAmt06657305
IRS990/TotalProgramServiceRevenueAmt06651848
IRS990/TotalReportableCompFromOrgAmt0478398
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07952305
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07952305
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0137543638
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0147772817
IRS990/TravelGrp/TotalAmt053381
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 110
IRS990/USAddress/CityNm0CAMANCHE
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052730
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.1STGATEWAY.ORG

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$147,772,817
Liabilities
$131,225,408
Net assets
$16,547,409
Revenue
$7,952,305
Expenses
$6,657,305
Net income
$1,295,000
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