Civic Intelligence

Foundation Credit Union

990 • Fiscal year 2019 • EIN 44-0444355

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 16, 2020

Organization ProfileWWW.FOUNDATIONCREDITUNION.COM

View Organization Page

1726 W Elfindale StreetSpringfield, MO 65807-1289

(417) 895-2770

Siviq Scores

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

Liabilities / Assets

30th percentile

0.86x

Higher debt load relative to assets than 30% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

26.84x

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

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Net Margin

27th percentile

6.2%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$138,391

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Asset Growth

91st percentile

10%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

2.7%

Faster revenue growth than 21% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$64,428,190

Up $6,085,204 (+10%) from 2018

Net Assets

Up

$9,141,520

Up $128,030 (+1.4%) from 2018

Liabilities

Up

$55,286,670

Up $5,957,174 (+12%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin27th percentile

Revenue

Up

$2,059,511

Up $53,844 (+2.7%) from 2018

Expenses

Down

$1,931,481

Down $14,598 (-0.8%) from 2018

Net Income

Up

$128,030

Up $68,442 (+115%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

2019

Assets$64,428,190
Liabilities$55,286,670
Net Assets$9,141,520
Open 2019 Filing

Operations Trend

Revenue Growth21st percentile

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

2019

Revenue$2,059,511
Expenses$1,931,481
Net Income$128,030
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 16, 2020
Return Version
2019v5.0
Gross Receipts
$2,059,511
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$38,886,401$41,714,673▲ $2,828,272
Savings and Temporary Cash Investments$12,136,544$14,987,346▲ $2,850,802
Rtn Earn Endowment Incm Other Fnds$9,013,490$9,141,520▲ $128,030
Land, Buildings, and Equipment, Net$2,299,240$2,534,581▲ $235,341
Investments Other Securities$3,000,000$2,500,000▼ $500,000
Cash and Non-Interest-Bearing Accounts$1,391,064$1,995,905▲ $604,841
Prepaid Expenses and Deferred Charges$12,621$63,834▲ $51,213
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$58,342,986$64,428,190▲ $6,085,204
Other Assets Total$617,116$631,851▲ $14,735
Liabilities
Other Liabilities$48,419,102$55,206,739▲ $6,787,637
Mortgage Notes Payable Secured by Investment Property$782,789--
Accounts Payable and Accrued Expenses$127,605$79,931▼ $47,674
Total Liabilities$49,329,496$55,286,670▲ $5,957,174
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,013,490$9,141,520▲ $128,030
Total Liabilities and Net Assets / Fund Balance$58,342,986$64,428,190▲ $6,085,204

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,673,223$352,916$2,026,139
Land$708,141-$708,141
Equipment$153,217$165,044$318,261
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michele SechlerPresident/CEO (through 8/5/2019)FT$122,662$15,729$138,391
Stephanie ThomasVP & Interim President/CEOFT$95,192$10,472$105,664

Board Members and Trustees

NameTitle
Matthew S HudsonChairman
Jerome F RansomVice President
Debra a HickeyBoard Member
Forest L OwensBoard Member
Brent D ForbesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,752,790
Investment Income
$306,721
Other Revenue
$0
Change in Net Assets
$128,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,249,266
Salaries, Compensation, and Employee Benefits$682,215
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$344,640
Current Officers, Directors, Trustees, and Key Employees---$244,055
Office Expenses---$181,283
Depreciation Depletion---$101,755
Occupancy---$86,722
Information Technology---$79,692
Insurance---$51,213
Payroll Taxes---$50,145
Advertising---$44,960
Other Employee Benefits---$37,729
Fees for Services Accounting---$36,261
Other Expenses---$19,247
Fees for Services Legal---$15,507
Pension Plan Contributions---$5,646
Travel---$3,303
Fees for Services Other---$3,000
Conferences and Meetings---$2,627
Interest---$2,397
All Other Expenses---$-5,520
Total Functional Expenses$0$0$0$1,931,481
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
Member Shares and Deposits$55,206,739
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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 are elected by the credit union members.”

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

“Certain significant changes are subject to approval by the credit union members; however, no such changes were made during the year.”

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

“The president reviews the form 990 and presents it to the board of directors for approval before filing.”

Form 990, Part VI, Section B, line 15

“The president and board members complete performance evaluation forms, reveiw credit union results for the year, products/services added and overall growth in addition to using cuna salary guidelines when setting compensation. Deliberations and decisions are documented in the minutes.”

Form 990, Part VI, Section C, line 19

“Financial statements are 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
Foundation Credit Union
EIN
44-0444355
Phone
4178952770
Address
1726 W ELFINDALE STREET, SPRINGFIELD, MO 65807-1289

Signing Officer

Name
Stephanie Thomas
Title
President/CEO
Phone
4178952770
Signed
2020-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Thomas
Formed
1933
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
5
Employees
18
Volunteers
8

Preparer

Firm
J Tenbrink & Associates
Address
11272 S RIDGEVIEW RD, OLATHE, KS 66061
Preparer
Jerry Tenbrink
Phone
9138946214
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

“Member services were expanded to include certificates of deposits.”

Raw XML Appendix345 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0127605
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt079931
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
IRS990/AdvertisingGrp/TotalAmt044960
IRS990/AllOtherExpensesGrp/TotalAmt0-5520
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STEPHANIE THOMAS
IRS990/BooksInCareOfDetail/PhoneNum04178952770
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01726 W ELFINDALE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0SPRINGFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0658071289
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IRS990/BusinessRlnWithOrgMemInd00
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IRS990/CashNonInterestBearingGrp/EOYAmt01995905
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0244055
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
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IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
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IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02059511
IRS990/DecisionsSubjectToApprovaInd01
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IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0101755
IRS990/Desc0PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 2,878 MEMBERS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
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IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt018
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt036261
IRS990/FeesForServicesLegalGrp/TotalAmt015507
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IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt515729
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt610472
IRS990/Form990PartVIISectionAGrp/PersonNm0MATTHEW S HUDSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JEROME F RANSOM
IRS990/Form990PartVIISectionAGrp/PersonNm2BRENT D FORBES
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBRA A HICKEY
IRS990/Form990PartVIISectionAGrp/PersonNm4FOREST L OWENS
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHELE SECHLER
IRS990/Form990PartVIISectionAGrp/PersonNm6STEPHANIE THOMAS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT/CEO (THROUGH 8/5/2019)
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP & INTERIM PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02059511
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt079692
IRS990/InsuranceGrp/TotalAmt051213
IRS990/InterestGrp/TotalAmt02397
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03000000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02500000
IRS990/IRPDocumentCnt01255
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt09141520
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt086722
IRS990/OfficeExpensesGrp/TotalAmt0181283
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0617116
IRS990/OtherAssetsTotalGrp/EOYAmt0631851
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt037729
IRS990/OtherExpensesGrp/Desc0MEMBER DIVIDENDS
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2ASSOCIATION DUES
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt0522151
IRS990/OtherExpensesGrp/TotalAmt182899
IRS990/OtherExpensesGrp/TotalAmt221769
IRS990/OtherExpensesGrp/TotalAmt319247
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt041714673
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt050145
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
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IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012621
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt063834
IRS990/PrincipalOfficerNm0STEPHANIE THOMAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & OTHER INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt198903
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt198903
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31,2019, THERE WERE 1,626 LOANS OUTSTANDING TOTALING $41,801,847.
IRS990/ProgSrvcAccomActy3Grp/Desc0PAID DIVIDENDS AND INTEREST ON MEMBER DEPOSITS TOTALING $522,151 FOR THE YEAR.
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReconcilationRevenueExpnssAmt0128030
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09013490
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09141520
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012136544
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014987346
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01673223
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0352916
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02026139
IRS990ScheduleD/EquipmentGrp/BookValueAmt0153217
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0165044
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0318261
IRS990ScheduleD/LandGrp/BookValueAmt0708141
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0708141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055206739
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02534581
IRS990ScheduleD/TotalLiabilityAmt055206739
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBER SERVICES WERE EXPANDED TO INCLUDE CERTIFICATES OF DEPOSITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT REVIEWS THE FORM 990 AND PRESENTS IT TO THE BOARD OF DIRECTORS FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENT AND BOARD MEMBERS COMPLETE PERFORMANCE EVALUATION FORMS, REVEIW CREDIT UNION RESULTS FOR THE YEAR, PRODUCTS/SERVICES ADDED AND OVERALL GROWTH IN ADDITION TO USING CUNA SALARY GUIDELINES WHEN SETTING COMPENSATION. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt058342986
IRS990/TotalAssetsEOYAmt064428190
IRS990/TotalAssetsGrp/BOYAmt058342986
IRS990/TotalAssetsGrp/EOYAmt064428190
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/TotalAmt01931481
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049329496
IRS990/TotalLiabilitiesEOYAmt055286670
IRS990/TotalLiabilitiesGrp/BOYAmt049329496
IRS990/TotalLiabilitiesGrp/EOYAmt055286670
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09013490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09141520
IRS990/TotalOtherCompensationAmt026201
IRS990/TotalProgramServiceRevenueAmt01752790
IRS990/TotalReportableCompFromOrgAmt0217854
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02059511
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02059511
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt058342986
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt064428190
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt03303
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01726 W ELFINDALE STREET
IRS990/USAddress/CityNm0SPRINGFIELD
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd0658071289
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FOUNDATIONCREDITUNION.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04178952770
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0440444355
ReturnHeader/Filer/PhoneNum04178952770
ReturnHeader/Filer/USAddress/AddressLine1Txt01726 W ELFINDALE STREET
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd0658071289
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId090B5988E53CBDDD12AFD5F67CACC6EB659604036
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId090B5988E53CBDDD12AFD5F67CACC6EB659604036
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.87.82.114
ReturnHeader/FilingSecurityInformation/IPDt02020-03-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:39:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810781371
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J TENBRINK & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011272 S RIDGEVIEW RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OLATHE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd066061
ReturnHeader/PreparerPersonGrp/PhoneNum09138946214
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERRY TENBRINK
ReturnHeader/ReturnTs02020-03-16T14:39:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,428,190
Liabilities
$55,286,670
Net assets
$9,141,520
Revenue
$2,059,511
Expenses
$1,931,481
Net income
$128,030
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