Civic Intelligence

Burns & Mcdonnell Credit Union

990 • Fiscal year 2015 • EIN 43-1135633

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 11, 2016

9400 Ward ParkwayKansas City, MO 64114

(816) 823-7530

Siviq Scores

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

Liabilities / Assets

99th percentile

0.94x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

40.54x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

97th percentile

28%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

64th percentile

$82,522

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 15.6% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

96th percentile

15%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

89th percentile

10%

Faster revenue growth than 89% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$22,782,166

Up $2,929,461 (+15%) from 2014

Net Assets

Up

$1,328,382

Up $150,646 (+13%) from 2014

Liabilities

Up

$21,453,784

Up $2,778,815 (+15%) from 2014

Revenue

Up

$529,173

Up $48,923 (+10%) from 2014

Expenses

Up

$378,527

Up $24,878 (+7.0%) from 2014

Net Income

Up

$150,646

Up $24,045 (+19%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $14,367,728Liabilities 2010: $13,448,420Net Assets 2010: $919,3082010Assets 2011: $15,121,793Liabilities 2011: $14,256,174Net Assets 2011: $865,6192011Assets 2012: $15,957,967Liabilities 2012: $15,030,918Net Assets 2012: $927,0492012Assets 2013: $18,160,176Liabilities 2013: $17,109,041Net Assets 2013: $1,051,1352013Assets 2014: $19,852,705Liabilities 2014: $18,674,969Net Assets 2014: $1,177,7362014Assets 2015: $22,782,166Liabilities 2015: $21,453,784Net Assets 2015: $1,328,3822015Assets 2016: $22,368,908Liabilities 2016: $20,823,998Net Assets 2016: $1,544,9102016Assets 2017: $24,627,819Liabilities 2017: $22,819,791Net Assets 2017: $1,808,0282017Assets 2018: $24,347,144Liabilities 2018: $22,219,115Net Assets 2018: $2,128,0292018Assets 2019: $24,546,172Liabilities 2019: $22,131,640Net Assets 2019: $2,414,5322019Assets 2020: $27,156,773Liabilities 2020: $24,642,609Net Assets 2020: $2,514,1642020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2015

Assets$22,782,166
Liabilities$21,453,784
Net Assets$1,328,382

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $356,7802010Expenses 2011: $406,7682011Expenses 2012: $299,0652012Revenue 2013: $435,030Expenses 2013: $310,944Net Income 2013: $124,0862013Revenue 2014: $480,250Expenses 2014: $353,649Net Income 2014: $126,6012014Revenue 2015: $529,173Expenses 2015: $378,527Net Income 2015: $150,6462015Revenue 2016: $585,441Expenses 2016: $368,913Net Income 2016: $216,5282016Revenue 2017: $666,137Expenses 2017: $403,019Net Income 2017: $263,1182017Revenue 2018: $791,872Expenses 2018: $471,871Net Income 2018: $320,0012018Revenue 2019: $837,953Expenses 2019: $551,450Net Income 2019: $286,5032019Revenue 2020: $674,995Expenses 2020: $575,363Net Income 2020: $99,6322020Revenue 2021: $267,322Expenses 2021: $778,139Net Income 2021: -$510,8172021

Highlighted filing

2015

Revenue$529,173
Expenses$378,527
Net Income$150,646
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 11, 2016
Return Version
2015v2.1
Gross Receipts
$529,173
Mission and Program Overview

Mission

Cooperative provider of financial services

To provide high quality financial services for our members/owners, enhanding their financial well being while maintaining the finanical strength of the credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$11,387,956$12,981,211▲ $1,593,255
Other Notes and Loans Receivable, Net$7,948,250$9,437,921▲ $1,489,671
Rtn Earn Endowment Incm Other Fnds$1,177,736$1,328,382▲ $150,646
Receivables From Officers Etc$168,928$183,125▲ $14,197
Cash and Non-Interest-Bearing Accounts$82,904$98,286▲ $15,382
Prepaid Expenses and Deferred Charges$14,728$19,459▲ $4,731
Land, Buildings, and Equipment, Net$3,626$2,651▼ $975
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$19,852,705$22,782,166▲ $2,929,461
Other Assets Total$246,313$59,513▼ $186,800
Liabilities
Other Liabilities$18,554,209$21,289,411▲ $2,735,202
Accounts Payable and Accrued Expenses$120,760$164,373▲ $43,613
Total Liabilities$18,674,969$21,453,784▲ $2,778,815
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,177,736$1,328,382▲ $150,646
Total Liabilities and Net Assets / Fund Balance$19,852,705$22,782,166▲ $2,929,461

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$2,651$4,086$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marlo HultgrenPresidentFT$82,522$82,522

Board Members and Trustees

NameTitle
Michelle WordChairperson
Allen BaiamonteDirector
Brian SnyderDirector
Hassan SahudinDirector
Melissa CooperDirector
Michele FryDirector
Seth HanebuttDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$529,173
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$150,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$192,372
Salaries, Compensation, and Employee Benefits$170,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$82,522$0$0$82,522
Other Salaries and Wages$63,535$0$0$63,535
All Other Expenses$44,730$0$0$44,730
Office Expenses$42,382--$42,382
Other Expenses$32,137$0$0$32,137
Information Technology$29,418--$29,418
Benefits to Members$15,696--$15,696
Payroll Taxes$11,590$0$0$11,590
Advertising$10,790$0$0$10,790
Insurance$9,542--$9,542
Other Employee Benefits$9,288--$9,288
Fees for Services Accounting$8,376$0$0$8,376
Pension Plan Contributions$3,524$0$0$3,524
Depreciation Depletion$2,228--$2,228
Fees for Services Legal$971$0$0$971
Interest$184--$184
Total Functional Expenses$378,527$0$0$378,527
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$168,928$183,125▲ $14,197
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$21,289,411
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The Board of Directors delegates Management to the Manager

Form 990, Part VI, Section A, Line 6

The Credit Union is mutually owned by members

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

The Board of Directors is elected by the credit union members

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

Significant changes such as mergers and changes to the bylaws are subject to the approval by the credit union members. The method of election was changed from voting at the annual meeting to holding a ballot election prior to the annual meeting

Form 990, Part VI, Section B, Line 11B

The manager reviews the 990 prior to presenting it to the Board for approval

Form 990, Part VI, Section B, Line 15

The Board of Directors approves all employees compensation and benefits. The deliberation and decisions are documented in the board minutes

Form 990, Part VI, Section C, Line 19

Financial statements are posted monthly in the lobby, presented at the annual meeting and are available upon request. In addition, the NCUA website posts financial information as part of the quarterly call reports, other documents, policies and procedures are available upon request

Filing and Contact Details

Filer

Filer Name
Burns & McDonnell Credit Union
EIN
43-1135633
Phone
8168237530
Address
9400 Ward Parkway, Kansas City, MO 64114

Signing Officer

Name
Marlo Hultgren
Title
President
Phone
8168237530
Signed
2016-04-11

Organization Details

Principal Officer
Marlo Hultgren
Formed
1971
Legal Domicile
Mo
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
10
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

All other Expenses

Raw XML AppendixShowing 400 of 494 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/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt011590
IRS990/PayrollTaxesGrp/TotalAmt011590
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03524
IRS990/PensionPlanContributionsGrp/TotalAmt03524
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014728
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019459
IRS990/PrincipalOfficerNm0Marlo Hultgren
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Investment Income
IRS990/ProgramServiceRevenueGrp/Desc2Fee Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0358627
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1102431
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt262223
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0358627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1102431
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt268115
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt25892
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide a source of credit to members at a fair and reasonable rate of interest. Loans outstanding as of December 31 2014 totaled 8,117,178
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0181415
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0358627
IRS990/ProgSrvcAccomActy3Grp/Desc0Paid Dividends on member deposits
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015696
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0102431
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt023752
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0164410
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0480250
IRS990/PYRevenuesLessExpensesAmt0126601
IRS990/PYSalariesCompEmpBnftPaidAmt0165487
IRS990/PYTotalExpensesAmt0353649
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0480250
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0168928
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0183125
IRS990/ReconcilationRevenueExpnssAmt0150646
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt068115
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01177736
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01328382
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011387956
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012981211
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02651
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04086
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06737
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021289411
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02651
IRS990ScheduleD/TotalLiabilityAmt021289411
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt033039
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1800
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2104309
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt36685
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt438292
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt043500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1800
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2105110
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt313866
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt439000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Abu Sahudin
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Sarah Smith
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Michelle Word
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Melissa Cooper
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4Marlo Hultgren
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Director

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