Civic Intelligence

Foundation Credit Union

990 • Fiscal year 2020 • EIN 44-0444355

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 26, 2021

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

26th percentile

0.86x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

27.58x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Net Margin

50th percentile

9.5%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

32nd percentile

$127,139

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Asset Growth

3rd percentile

2.8%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

70th percentile

0.2%

Faster revenue growth than 70% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$66,261,166

Up $1,832,976 (+2.8%) from 2019

Net Assets

Up

$9,337,904

Up $196,384 (+2.1%) from 2019

Liabilities

Up

$56,923,262

Up $1,636,592 (+3.0%) from 2019

Revenue

Up

$2,063,818

Up $4,307 (+0.2%) from 2019

Expenses

Down

$1,867,434

Down $64,047 (-3.3%) from 2019

Net Income

Up

$196,384

Up $68,354 (+53%) from 2019

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

2020

Assets$66,261,166
Liabilities$56,923,262
Net Assets$9,337,904

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

2020

Revenue$2,063,818
Expenses$1,867,434
Net Income$196,384
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 26, 2021
Return Version
2020v4.1
Gross Receipts
$2,124,113
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$41,714,673$43,437,873▲ $1,723,200
Savings and Temporary Cash Investments$14,987,346$17,753,788▲ $2,766,442
Rtn Earn Endowment Incm Other Fnds$9,141,520$9,337,904▲ $196,384
Land, Buildings, and Equipment, Net$2,534,581$2,439,077▼ $95,504
Cash and Non-Interest-Bearing Accounts$1,995,905$1,875,393▼ $120,512
Prepaid Expenses and Deferred Charges$63,834$89,151▲ $25,317
Investments Other Securities$2,500,000$20,000▼ $2,480,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$64,428,190$66,261,166▲ $1,832,976
Other Assets Total$631,851$645,884▲ $14,033
Liabilities
Other Liabilities$55,206,739$56,817,919▲ $1,611,180
Accounts Payable and Accrued Expenses$79,931$105,343▲ $25,412
Total Liabilities$55,286,670$56,923,262▲ $1,636,592
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,141,520$9,337,904▲ $196,384
Total Liabilities and Net Assets / Fund Balance$64,428,190$66,261,166▲ $1,832,976

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,602,362$420,261$2,022,623
Land$708,141-$708,141
Equipment$128,574$196,989$325,563
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie ThomasCEOFT$116,115$11,024$127,139

Board Members and Trustees

NameTitle
Matthew HudsonPresident
Debra HickeyVice President
Brent ForbesBoard Member
Forest OwensBoard Member
Jerome RansomSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500
Program Service Revenue
$1,801,618
Investment Income
$259,700
Other Revenue
$0
All Other Contributions
$2,500
Change in Net Assets
$196,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,196,790
Salaries, Compensation, and Employee Benefits$667,338
Grants and Similar Amounts Paid$3,306
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$423,096
Office Expenses---$169,298
Current Officers, Directors, Trustees, and Key Employees---$127,139
Depreciation Depletion---$99,290
Occupancy---$82,686
Information Technology---$72,967
Other Employee Benefits---$66,278
Insurance---$56,031
Fees for Services Accounting---$48,992
Payroll Taxes---$43,451
Other Expenses---$19,687
All Other Expenses---$14,911
Fees for Services Other---$14,495
Advertising---$11,796
Pension Plan Contributions---$7,374
Fees for Services Legal---$4,228
Grants to Domestic Orgs---$3,306
Conferences and Meetings---$3,119
Travel---$1,600
Total Functional Expenses$0$0$0$1,867,434
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$56,817,919
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
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 ceo reviews the form 990 and presents it to the board of directors for approval.

Form 990, Part VI, Section B, line 15

The board of directors conducts an annual review of the ceo's performance and sets compensation pursuant to a written employment contract, and taking cuna salary guidelines into consideration. Supervisors conduct annual reviews for all other employees. The board's 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
CEO
Phone
4178952770
Signed
2021-03-26
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
15
Volunteers
8

Preparer

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

Additional Explanations

Form 990, Part III, line 2

In 2020, the credit union expanded member loan services by offering gap, warranty and debt protection coverage.

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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31,2020, THERE WERE 1,602 MEMBER LOANS OUTSTANDING TOTALING $43,045,879.
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0325563
IRS990ScheduleD/LandGrp/BookValueAmt0708141
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0708141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056817919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02439077
IRS990ScheduleD/TotalLiabilityAmt056817919
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2020, THE CREDIT UNION EXPANDED MEMBER LOAN SERVICES BY OFFERING GAP, WARRANTY AND DEBT PROTECTION COVERAGE.
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 CEO REVIEWS THE FORM 990 AND PRESENTS IT TO THE BOARD OF DIRECTORS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS CONDUCTS AN ANNUAL REVIEW OF THE CEO'S PERFORMANCE AND SETS COMPENSATION PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT, AND TAKING CUNA SALARY GUIDELINES INTO CONSIDERATION. SUPERVISORS CONDUCT ANNUAL REVIEWS FOR ALL OTHER EMPLOYEES. THE BOARD'S 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/TotalAssetsBOYAmt064428190
IRS990/TotalAssetsEOYAmt066261166
IRS990/TotalAssetsGrp/BOYAmt064428190
IRS990/TotalAssetsGrp/EOYAmt066261166
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02500
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/TotalAmt01867434
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt055286670
IRS990/TotalLiabilitiesEOYAmt056923262
IRS990/TotalLiabilitiesGrp/BOYAmt055286670
IRS990/TotalLiabilitiesGrp/EOYAmt056923262
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09141520
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09337904
IRS990/TotalOtherCompensationAmt011024
IRS990/TotalProgramServiceRevenueAmt01801618
IRS990/TotalReportableCompFromOrgAmt0116115
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02061318
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02063818
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt064428190
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt066261166
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01600
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/WhistleblowerPolicyInd01
IRS990/WrittenPolicyOrProcedureInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04178952770
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-26
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/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/PreparationDt02021-03-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD TENBRINK
ReturnHeader/ReturnTs02021-03-26T15:22:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHANIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THOMAS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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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