Civic Intelligence

Forbes Field Credit Union

EIN 48-0826566 • 501(c)14 • Topeka, KS

Profile

Credit Union providing low cost services with high yield savings rates for members.

5920 SE Coyote DriveTopeka, KS 66619-1429

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.87x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

20.84x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Net Margin

64th percentile

7.3%

Higher net margin than 64% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

19th percentile

-8.0%

Faster asset growth than 19% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $5,578,632 (-100%) from 2022

Liabilities

Down

$0

Down $4,847,817 (-100%) from 2022

Net Assets

Down

$0

Down $730,815 (-100%) from 2022

Revenue

Down

$174,352

Down $58,292 (-25%) from 2022

Expenses

Down

$210,462

Down $5,139 (-2.4%) from 2022

Net Income

Down

-$36,110

Down $53,153 (-312%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $4,954,468Liabilities 2013: $4,225,886Net Assets 2013: $728,5822013Assets 2014: $5,136,867Liabilities 2014: $4,368,320Net Assets 2014: $768,5472014Assets 2015: $5,138,652Liabilities 2015: $4,354,688Net Assets 2015: $783,9642015Assets 2016: $5,295,390Liabilities 2016: $4,502,218Net Assets 2016: $793,1722016Assets 2017: $5,717,372Liabilities 2017: $4,906,457Net Assets 2017: $810,9152017Assets 2018: $5,592,927Liabilities 2018: $4,750,028Net Assets 2018: $842,8992018Assets 2019: $5,825,566Liabilities 2019: $4,998,801Net Assets 2019: $826,7652019Assets 2020: $5,889,420Liabilities 2020: $5,121,984Net Assets 2020: $767,4362020Assets 2021: $6,061,123Liabilities 2021: $5,362,596Net Assets 2021: $698,5272021Assets 2022: $5,578,632Liabilities 2022: $4,847,817Net Assets 2022: $730,8152022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2013: $234,334Expenses 2013: $179,450Net Income 2013: $54,8842013Revenue 2014: $209,669Expenses 2014: $169,704Net Income 2014: $39,9652014Revenue 2015: $191,309Expenses 2015: $175,892Net Income 2015: $15,4172015Revenue 2016: $186,953Expenses 2016: $177,745Net Income 2016: $9,2082016Revenue 2017: $200,812Expenses 2017: $184,666Net Income 2017: $16,1462017Revenue 2018: $216,062Expenses 2018: $184,078Net Income 2018: $31,9842018Revenue 2019: $245,662Expenses 2019: $261,796Net Income 2019: -$16,1342019Revenue 2020: $219,360Expenses 2020: $275,178Net Income 2020: -$55,8182020Revenue 2021: $199,180Expenses 2021: $265,012Net Income 2021: -$65,8322021Revenue 2022: $232,644Expenses 2022: $215,601Net Income 2022: $17,0432022Revenue 2023: $174,352Expenses 2023: $210,462Net Income 2023: -$36,1102023

Highlighted filing

2023

Revenue$174,352
Expenses$210,462
Net Income-$36,110

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Sep 30, 2023
Signed
Feb 13, 2024
Return Version
2023v5.0
Gross Receipts
$174,352
Mission and Program Overview

Mission

Credit Union providing low cost services with high yield savings rates for 662 members.

Credit Union providing low cost services with high yield savings rates for members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,899,736$0▼ $4,899,736
Rtn Earn Endowment Incm Other Fnds$730,815$0▼ $730,815
Savings and Temporary Cash Investments$380,293$0▼ $380,293
Cash and Non-Interest-Bearing Accounts$293,052$0▼ $293,052
Prepaid Expenses and Deferred Charges$5,550$0▼ $5,550
Land, Buildings, and Equipment, Net$1$0▼ $1
Pledges and Grants Receivable-$0-
Investments Other Securities-$0-
Investments Program Related$0$0→ $0
Inventories for Sale or Use-$0-
Total Assets$5,578,632$0▼ $5,578,632
Liabilities
Other Liabilities$4,841,537$0▼ $4,841,537
Accounts Payable and Accrued Expenses$6,280$0▼ $6,280
Total Liabilities$4,847,817$0▼ $4,847,817
Net Assets / Fund Balance
Total Net Assets Fund Balance$730,815$0▼ $730,815
Total Liabilities and Net Assets / Fund Balance$5,578,632$0▼ $5,578,632

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$3,450$3,450
Equipment$0$2,731$2,731
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wendy MoneyCEO/ManagerFT$51,750$51,750

Board Members and Trustees

NameTitle
Joshua GorskiChairman
Lewis SheddVice Chairman
Ashley TremblayDirector
Christopher MooreDirector
Daniel BerendsDirector
Nathaniel BrownDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$167,705
Investment Income
$6,647
Other Revenue
$0
Change in Net Assets
$-36,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,794
Salaries, Compensation, and Employee Benefits$104,668
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$0$0$0$51,750
All Other Expenses$0$0$0$43,660
Other Salaries and Wages$0$0$0$40,880
Information Technology$0$0$0$11,834
Pension Plan Contributions$0$0$0$9,608
Office Expenses$0$0$0$9,293
Payroll Taxes$0$0$0$7,265
Insurance$0$0$0$2,872
Other Expenses$0$0$0$2,136
Travel$0$0$0$600
Other Employee Benefits$0$0$0$-4,835
Total Functional Expenses$0$0$0$210,462
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 Share Deposits$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Filing and Contact Details

Filer

Filer Name
Forbes Field Credit Union
EIN
48-0826566
Phone
9136516575
Address
5920 SE Coyote Drive, Topeka, KS 66619-1429

Signing Officer

Name
Michael Augustine
Title
CEO/President
Phone
9136516575
Signed
2024-02-13
Discuss with paid preparer
Yes

Organization Details

Formed
1958
Legal Domicile
Ks
Voting Board Members
7
Independent Board Members
6
Employees
2
Volunteers
13

Preparer

Firm
Agnew's Accounting & Tax Service
Address
2204 S 16TH TER, LEAVENWORTH, KS 66048
Preparer
Gerard F Agnew
Phone
9136510727
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The credit union was mutually owned by members

Pt VI, Line 7A

The board of directors were elected by the creditunion members.

Pt VI, Line 7B

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

Pt VI, Line 11B

The form 990 was completed by an outside accountant based on information provided by the credit union management. Before filing, the review and approval of the return is performed by frontier community credit union.

Pt VI, Line 15A

The board of directors performed an annual review of the ceo/manager's performance and determines compensation based on various information including comparative data from the cuna salary survey. All other employee compensation was determined by the ceo/manager and was presented as part of the budget package to the board of directors. Deliberations and decisions were documented in the board minutes.

Pt VI, Line 19

Financial statements were posted monthly in the credit union lobby, presented at the annual meeting and were 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.

Pt XII, Line 1

Ms. Wendy money was the only compensated officer

Pt XI

Assets & Liabilities were transferred to Frontier Community Credit Union.

Form 990, Part IX, Line 24E

AMI Deconverion Fee 37500.

Form 990, Part IX, Line 24E

Other Consulting 6160.

Raw XML AppendixShowing 400 of 403 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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IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Members Loan & Share
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Frontier Community Credit Union
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-09-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0480663659
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0694704
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c) 14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Cash Value
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0690 Eisenhower Road
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Leavenworth
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0KS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd066048
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION WAS MUTUALLY OWNED BY MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS WERE ELECTED BY THE CREDITUNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN SIGNIFICANT CHANGES WERE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS: HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS COMPLETED BY AN OUTSIDE ACCOUNTANT BASED ON INFORMATION PROVIDED BY THE CREDIT UNION MANAGEMENT. BEFORE FILING, THE REVIEW AND APPROVAL OF THE RETURN IS PERFORMED BY FRONTIER COMMUNITY CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS PERFORMED AN ANNUAL REVIEW OF THE CEO/MANAGER'S PERFORMANCE AND DETERMINES COMPENSATION BASED ON VARIOUS INFORMATION INCLUDING COMPARATIVE DATA FROM THE CUNA SALARY SURVEY. ALL OTHER EMPLOYEE COMPENSATION WAS DETERMINED BY THE CEO/MANAGER AND WAS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS. DELIBERATIONS AND DECISIONS WERE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS WERE POSTED MONTHLY IN THE CREDIT UNION LOBBY, PRESENTED AT THE ANNUAL MEETING AND WERE 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/ExplanationTxt6MS. WENDY MONEY WAS THE ONLY COMPENSATED OFFICER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Assets & Liabilities were transferred to Frontier Community Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AMI Deconverion Fee 37500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Other Consulting 6160.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt05578632
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt05578632
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0210462
IRS990/TotalGrossUBIAmt01050
IRS990/TotalLiabilitiesBOYAmt04847817
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt04847817
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0730815
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0167705
IRS990/TotalReportableCompFromOrgAmt051750
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0173302
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0174352
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01050
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05578632
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0600
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05920 SE Coyote Drive
IRS990/USAddress/CityNm0Topeka
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd0666191429
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Augustine
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/President
ReturnHeader/BusinessOfficerGrp/PhoneNum09136516575
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Forbes Field Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0FORB
ReturnHeader/Filer/EIN0480826566
ReturnHeader/Filer/PhoneNum09136516575
ReturnHeader/Filer/USAddress/AddressLine1Txt05920 SE Coyote Drive
ReturnHeader/Filer/USAddress/CityNm0Topeka
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd0666191429
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461119847
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Agnew's Accounting & Tax Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02204 S 16TH TER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEAVENWORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd066048
ReturnHeader/PreparerPersonGrp/PhoneNum09136510727
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gerard F Agnew
ReturnHeader/ReturnTs02024-06-04T11:51:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Michael
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Augustine

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