Civic Intelligence

Foundation Credit Union

990 • Fiscal year 2015 • EIN 44-0444355

Jan 01, 2015 to Dec 31, 2015 • Filed on May 05, 2016

1726 W ElfindaleSpringfield, MO 65807

(417) 895-2770

Siviq Scores

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

Liabilities / Assets

27th percentile

0.87x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

42.49x

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

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Net Margin

91st percentile

22%

Higher net margin than 91% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

32nd percentile

$117,760

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Asset Growth

22nd percentile

1.2%

Faster asset growth than 22% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

0.6%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$63,689,871

Up $738,843 (+1.2%) from 2014

Net Assets

Up

$8,591,435

Up $287,742 (+3.5%) from 2014

Liabilities

Up

$55,098,436

Up $451,101 (+0.8%) from 2014

Revenue

Up

$1,296,808

Up $8,039 (+0.6%) from 2014

Expenses

Down

$1,009,066

Down $17,852 (-1.7%) from 2014

Net Income

Up

$287,742

Up $25,891 (+9.9%) from 2014

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $68,677,671Liabilities 2011: $61,395,453Net Assets 2011: $7,282,2182011Assets 2012: $65,352,617Liabilities 2012: $57,567,840Net Assets 2012: $7,784,7772012Assets 2013: $64,885,050Liabilities 2013: $56,843,208Net Assets 2013: $8,041,8422013Assets 2014: $62,951,028Liabilities 2014: $54,647,335Net Assets 2014: $8,303,6932014Assets 2015: $63,689,871Liabilities 2015: $55,098,436Net Assets 2015: $8,591,4352015Assets 2016: $63,853,752Liabilities 2016: $55,113,497Net Assets 2016: $8,740,2552016Assets 2017: $64,370,576Liabilities 2017: $55,416,674Net Assets 2017: $8,953,9022017Assets 2018: $58,342,986Liabilities 2018: $49,329,496Net Assets 2018: $9,013,4902018Assets 2019: $64,428,190Liabilities 2019: $55,286,670Net Assets 2019: $9,141,5202019Assets 2020: $66,261,166Liabilities 2020: $56,923,262Net Assets 2020: $9,337,9042020Assets 2021: $74,462,485Liabilities 2021: $64,740,657Net Assets 2021: $9,721,8282021Assets 2022: $75,745,911Liabilities 2022: $65,591,137Net Assets 2022: $10,154,7742022Assets 2023: $71,528,022Liabilities 2023: $61,297,289Net Assets 2023: $10,230,7332023Assets 2024: $68,300,825Liabilities 2024: $57,877,361Net Assets 2024: $10,423,4642024

Highlighted filing

2015

Assets$63,689,871
Liabilities$55,098,436
Net Assets$8,591,435

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2011: $1,172,3312011Expenses 2012: $969,7042012Revenue 2013: $1,356,560Expenses 2013: $1,099,495Net Income 2013: $257,0652013Revenue 2014: $1,288,769Expenses 2014: $1,026,918Net Income 2014: $261,8512014Revenue 2015: $1,296,808Expenses 2015: $1,009,066Net Income 2015: $287,7422015Revenue 2016: $1,471,001Expenses 2016: $1,322,181Net Income 2016: $148,8202016Revenue 2017: $1,689,338Expenses 2017: $1,475,691Net Income 2017: $213,6472017Revenue 2018: $2,005,667Expenses 2018: $1,946,079Net Income 2018: $59,5882018Revenue 2019: $2,059,511Expenses 2019: $1,931,481Net Income 2019: $128,0302019Revenue 2020: $2,063,818Expenses 2020: $1,867,434Net Income 2020: $196,3842020Revenue 2021: $2,280,758Expenses 2021: $1,896,834Net Income 2021: $383,9242021Revenue 2022: $2,698,734Expenses 2022: $2,265,788Net Income 2022: $432,9462022Revenue 2023: $2,883,201Expenses 2023: $2,759,903Net Income 2023: $123,2982023Revenue 2024: $3,405,120Expenses 2024: $3,212,389Net Income 2024: $192,7312024

Highlighted filing

2015

Revenue$1,296,808
Expenses$1,009,066
Net Income$287,742
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 5, 2016
Return Version
2015v2.1
Gross Receipts
$1,422,773
Mission and Program Overview

Mission

We provide savings accounts and loans to credit union members. These members consist of individuals and their families who work or live in greene, christian, polk, or webster counties.

Established to provide quality financial services to members who share our common bond and exist for the financial benefit of the members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$22,041,000$26,724,500▲ $4,683,500
Other Notes and Loans Receivable, Net$20,187,846$21,913,338▲ $1,725,492
Rtn Earn Endowment Incm Other Fnds$8,303,693$8,591,435▲ $287,742
Investments in Publicly Traded Securities$11,000,000$8,000,000▼ $3,000,000
Savings and Temporary Cash Investments$5,953,326$3,646,208▼ $2,307,118
Land, Buildings, and Equipment, Net$1,086,756$1,420,635▲ $333,879
Cash and Non-Interest-Bearing Accounts$1,975,715$1,356,970▼ $618,745
Investments Program Related$531,347$522,211▼ $9,136
Prepaid Expenses and Deferred Charges$9,880$25,056▲ $15,176
Total Assets$62,951,028$63,689,871▲ $738,843
Other Assets Total$165,158$80,953▼ $84,205
Liabilities
Other Liabilities$54,569,428$55,050,948▲ $481,520
Accounts Payable and Accrued Expenses$77,907$47,488▼ $30,419
Total Liabilities$54,647,335$55,098,436▲ $451,101
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,303,693$8,591,435▲ $287,742
Total Liabilities and Net Assets / Fund Balance$62,951,028$63,689,871▲ $738,843

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$871,520$107,457$978,977
Land$401,863-$401,863
Equipment$147,252$210,970$358,222
Other Securities$26,724,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sammie K HermannCFOFT$117,760$117,760
Michele L SechlerPresidentFT$108,571$108,571

Board Members and Trustees

NameTitle
Brent ForbesChairman
Jerome RansomVice Chairma
Debbie HickeyBoard Member
Matthew HudsonBoard Member
Forrest OwensSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$915,902
Investment Income
$380,906
Other Revenue
$0
Change in Net Assets
$287,742

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,296,808
Revenue Not Reported on Form 990
$48,965
Total Revenue per Audited Statements
$1,345,773
Total Revenue per Form 990
$1,296,808
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$619,563
Salaries, Compensation, and Employee Benefits$389,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$286,502
Current Officers, Directors, Trustees, and Key Employees---$226,331
Office Expenses---$147,438
Other Salaries and Wages---$107,195
Information Technology---$52,794
Insurance---$34,073
Payroll Taxes---$32,077
Advertising---$25,750
Other Employee Benefits---$23,900
Fees for Services Accounting---$12,633
Other Expenses---$8,250
Fees for Services Legal---$1,141
Travel---$912
All Other Expenses---$-3,179
Total Functional Expenses$0$0$0$1,009,066

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,058,031
Expenses per Audited Statements$1,009,066
Total Expenses per Form 990$1,009,066
Expenses Not Reported on Form 990$48,965
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
General Shares$54,577,409
Share Draft$473,539
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The members of the credit union are considered to be the owners of the organization

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

The credit union members elect all of the board of directors on an annual basis.

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

Any changes to the credit union by-laws are subject to approval of the members.

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

The tax return is reviewed by the president before signing the e-file authorization, then presented to the board of directors at their next meeting.

Form 990, Page 6, Part VI, Line 12C

Compliance with the conflict of interest policy is monitored by the staff of the credit union and the board of directors.

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

The board of directors reviews and approves all employee compensation.

Form 990, Page 6, Part VI, Line 19

The audit report and tax return are available on request at the credit union office.

Filing and Contact Details

Filer

Filer Name
Foundation Credit Union
EIN
44-0444355
Phone
4178952770
Address
1726 W ELFINDALE, SPRINGFIELD, MO 65807

Signing Officer

Name
Michele L Sechler
Title
President
Phone
4178952770
Signed
2016-05-05

Organization Details

Principal Officer
Michele L Sechler
Formed
1933
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
5
Employees
15

Preparer

Firm
Brs Cpas Pc
Address
3854 SOUTH AVE, SPRINGFIELD, MO 65807-5285
Preparer
Darin C Ramlow
Phone
4178770505
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Net loss on sale of oreo 48,965 net loss on sale of oreo -48,965

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Net loss on sale of oreo 48,965

Schedule D, Page 4, Part XII, Line 2D

Net loss on sale of oreo 48,965

Raw XML Appendix356 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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IRS990ScheduleD/BuildingsGrp/BookValueAmt0871520
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0107457
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0978977
IRS990ScheduleD/EquipmentGrp/BookValueAmt0147252
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0210970
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0358222
IRS990ScheduleD/ExpensesNotReportedAmt048965
IRS990ScheduleD/ExpensesSubtotalAmt01009066
IRS990ScheduleD/LandGrp/BookValueAmt0401863
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0401863
IRS990ScheduleD/OtherExpensesIncludedAmt048965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054577409
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1473539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GENERAL SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARE DRAFT
IRS990ScheduleD/OtherRevenueAmt048965
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt026724500
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt048965
IRS990ScheduleD/RevenueSubtotalAmt01296808
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NET LOSS ON SALE OF OREO 48,965
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NET LOSS ON SALE OF OREO 48,965
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01420635
IRS990ScheduleD/TotalBookValueSecuritiesAmt026724500
IRS990ScheduleD/TotalExpensesPerForm990Amt01009066
IRS990ScheduleD/TotalLiabilityAmt055050948
IRS990ScheduleD/TotalRevenuePerForm990Amt01296808
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01345773
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01058031
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE CREDIT UNION ARE CONSIDERED TO BE THE OWNERS OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION MEMBERS ELECT ALL OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CHANGES TO THE CREDIT UNION BY-LAWS ARE SUBJECT TO APPROVAL OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TAX RETURN IS REVIEWED BY THE PRESIDENT BEFORE SIGNING THE E-FILE AUTHORIZATION, THEN PRESENTED TO THE BOARD OF DIRECTORS AT THEIR NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE STAFF OF THE CREDIT UNION AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL EMPLOYEE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE AUDIT REPORT AND TAX RETURN ARE AVAILABLE ON REQUEST AT THE CREDIT UNION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NET LOSS ON SALE OF OREO 48,965 NET LOSS ON SALE OF OREO -48,965
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt062951028
IRS990/TotalAssetsEOYAmt063689871
IRS990/TotalAssetsGrp/BOYAmt062951028
IRS990/TotalAssetsGrp/EOYAmt063689871
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01009066
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054647335
IRS990/TotalLiabilitiesEOYAmt055098436
IRS990/TotalLiabilitiesGrp/BOYAmt054647335
IRS990/TotalLiabilitiesGrp/EOYAmt055098436
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08303693
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08591435
IRS990/TotalProgramServiceRevenueAmt0915902
IRS990/TotalReportableCompFromOrgAmt0226331
IRS990/TotalRevenueGrp/ExclusionAmt0380906
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0915902
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01296808
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt062951028
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt063689871
IRS990/TravelGrp/TotalAmt0912
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01768 HIGHWAY 215
IRS990/USAddress/CityNm0PLEASANT HOPE
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd065725
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FOUNDATIONCREDITUNION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELE L SECHLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04178952770
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0440444355
ReturnHeader/Filer/PhoneNum04178952770
ReturnHeader/Filer/USAddress/AddressLine1Txt01726 W ELFINDALE
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd065807
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205694382
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRS CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03854 SOUTH AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRINGFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0658075285
ReturnHeader/PreparerPersonGrp/PhoneNum04178770505
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARIN C RAMLOW
ReturnHeader/ReturnTs02016-05-13T08:43:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$68.3$57.9$10.4$3.41$3.21$0.19
2023Detailed filing. Detailed filing data is available for this year.$71.5$61.3$10.2$2.88$2.76$0.12
2022Detailed filing. Detailed filing data is available for this year.$75.7$65.6$10.2$2.70$2.27$0.43
2021Detailed filing. Detailed filing data is available for this year.$74.5$64.7$9.72$2.28$1.90$0.38
2020Detailed filing. Detailed filing data is available for this year.$66.3$56.9$9.34$2.06$1.87$0.20
2019Detailed filing. Detailed filing data is available for this year.$64.4$55.3$9.14$2.06$1.93$0.13
2018Detailed filing. Detailed filing data is available for this year.$58.3$49.3$9.01$2.01$1.95$0.06
2017Detailed filing. Detailed filing data is available for this year.$64.4$55.4$8.95$1.69$1.48$0.21
2016Detailed filing. Detailed filing data is available for this year.$63.9$55.1$8.74$1.47$1.32$0.15
2015Detailed filing. Detailed filing data is available for this year.$63.7$55.1$8.59$1.30$1.01$0.29
2014Detailed filing. Detailed filing data is available for this year.$63.0$54.6$8.30$1.29$1.03$0.26
2013Detailed filing. Detailed filing data is available for this year.$64.9$56.8$8.04$1.36$1.10$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.4$57.6$7.78$0.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.7$61.4$7.28$1.17