Civic Intelligence

Hampton Roads Educators' Credit Union Inc

990 • Fiscal year 2014 • EIN 54-0623257

Oct 01, 2013 to Sep 30, 2014 • Filed on Mar 11, 2015

Organization ProfileWWW.HRECU.ORG

View Organization Page

2130 Cunningham DriveHampton, VA 23666

(757) 838-0707

Siviq Scores

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

Liabilities / Assets

99th percentile

0.95x

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

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

18th percentile

14.70x

Higher debt load relative to revenue than 18% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

22nd percentile

1.3%

Higher net margin than 22% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

16th percentile

$69,063

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

23rd percentile

-1.8%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

90th percentile

9.4%

Faster revenue growth than 90% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$29,293,884

Down $522,686 (-1.8%) from 2013

Net Assets

Down

$1,586,815

Down $156,305 (-9.0%) from 2013

Liabilities

Down

$27,707,069

Down $366,381 (-1.3%) from 2013

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin22nd percentile

Revenue

$1,885,150

No earlier filing loaded for comparison.

Expenses

Up

$1,861,126

Up $60,054 (+3.3%) from 2013

Net Income

$24,024

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$60M$40M$20M$0Assets 2010: $28,381,524Liabilities 2010: $26,528,231Net Assets 2010: $1,853,2932010Assets 2011: $28,160,658Liabilities 2011: $26,568,454Net Assets 2011: $1,592,2042011Assets 2012: $28,721,199Liabilities 2012: $27,343,439Net Assets 2012: $1,377,7602012Assets 2013: $29,816,570Liabilities 2013: $28,073,450Net Assets 2013: $1,743,1202013Assets 2014: $29,293,884Liabilities 2014: $27,707,069Net Assets 2014: $1,586,8152014Assets 2015: $28,483,512Liabilities 2015: $27,282,397Net Assets 2015: $1,201,1152015Assets 2016: $30,724,234Liabilities 2016: $29,464,685Net Assets 2016: $1,259,5492016Assets 2017: $31,263,996Liabilities 2017: $29,646,467Net Assets 2017: $1,617,5292017Assets 2018: $31,679,689Liabilities 2018: $29,930,308Net Assets 2018: $1,749,3812018Assets 2019: $31,226,873Liabilities 2019: $29,852,404Net Assets 2019: $1,374,4692019Assets 2020: $35,162,377Liabilities 2020: $33,781,057Net Assets 2020: $1,381,3202020Assets 2021: $39,238,874Liabilities 2021: $37,094,815Net Assets 2021: $2,144,0592021Assets 2022: $41,695,486Liabilities 2022: $39,715,452Net Assets 2022: $1,980,0342022Assets 2023: $42,749,283Liabilities 2023: $39,893,798Net Assets 2023: $2,855,4852023Assets 2024: $42,629,409Liabilities 2024: $39,098,725Net Assets 2024: $3,530,6842024Assets 2025: $44,680,099Liabilities 2025: $40,390,107Net Assets 2025: $4,289,9922025

Highlighted filing

2014

Assets$29,293,884
Liabilities$27,707,069
Net Assets$1,586,815
Open 2014 Filing

Operations Trend

Revenue Growth90th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,074,9912010Revenue 2011: $1,440,944Expenses 2011: $1,482,668Net Income 2011: -$41,7242011Expenses 2012: $2,119,5552012Expenses 2013: $1,801,0722013Revenue 2014: $1,885,150Expenses 2014: $1,861,126Net Income 2014: $24,0242014Revenue 2015: $1,881,121Expenses 2015: $1,824,083Net Income 2015: $57,0382015Revenue 2016: $1,719,850Expenses 2016: $1,702,764Net Income 2016: $17,0862016Revenue 2017: $1,777,876Expenses 2017: $1,645,398Net Income 2017: $132,4782017Revenue 2018: $1,873,591Expenses 2018: $1,784,332Net Income 2018: $89,2592018Revenue 2019: $1,958,963Expenses 2019: $1,793,208Net Income 2019: $165,7552019Revenue 2020: $1,765,985Expenses 2020: $1,637,388Net Income 2020: $128,5972020Revenue 2021: $1,854,459Expenses 2021: $1,638,121Net Income 2021: $216,3382021Revenue 2022: $1,823,029Expenses 2022: $1,673,580Net Income 2022: $149,4492022Revenue 2023: $2,070,345Expenses 2023: $1,941,823Net Income 2023: $128,5222023Revenue 2024: $2,292,107Expenses 2024: $2,102,539Net Income 2024: $189,5682024Revenue 2025: $2,566,952Expenses 2025: $2,237,774Net Income 2025: $329,1782025

Highlighted filing

2014

Revenue$1,885,150
Expenses$1,861,126
Net Income$24,024
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Mar 11, 2015
Return Version
2013v4.0
Gross Receipts
$1,885,150
Mission and Program Overview

Mission

Credit unions are organized to provide financial services to members. Credit unions are exempt by federal tax.

Credit unions are organized to provide financial services to members. Credit unions are exempt by federal law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$14,013,463$13,793,087▼ $220,376
Savings and Temporary Cash Investments$12,697,864$12,781,737▲ $83,873
Rtn Earn Endowment Incm Other Fnds$1,743,120$1,586,815▼ $156,305
Cash and Non-Interest-Bearing Accounts$1,026,552$587,690▼ $438,862
Land, Buildings, and Equipment, Net$152,000$191,114▲ $39,114
Prepaid Expenses and Deferred Charges$14,810$137,973▲ $123,163
Investments Other Securities$126,976$128,136▲ $1,160
Accounts Receivable$28,787$24,903▼ $3,884
Total Assets$29,816,570$29,293,884▼ $522,686
Other Assets Total$1,756,118$1,649,244▼ $106,874
Liabilities
Other Liabilities$27,537,005$27,455,043▼ $81,962
Accounts Payable and Accrued Expenses$536,445$252,026▼ $284,419
Total Liabilities$28,073,450$27,707,069▼ $366,381
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,743,120$1,586,815▼ $156,305
Total Liabilities and Net Assets / Fund Balance$29,816,570$29,293,884▼ $522,686

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$134,506$565,564$700,070
Equipment$56,608$179,523$236,131
Other Assets Org$13,466--
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Karen OrieManagerFT$69,063$69,063

Board Members and Trustees

NameTitle
William F Trimble JrBoard Chairm
Cornelius ChamblissDirector
Gloria F PressleyDirector
Gloria Winder-gilliamDirector
Tasha Williams-brownDirector
Naomi J Chadwick1st Vice CHA
Kelvin P Evans2nd Vice CHA
James C WarrenSecretary
Donald SandridgeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv-porticoData Processing-$304,704
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,641,189
Investment Income
$170,727
Other Revenue
$73,234
Change in Net Assets
$24,024

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,820,316
Revenue Not Reported on Financial Statements
$64,834
Revenue Not Reported on Form 990
$-180,329
Other Revenue Adjustments
$64,834
Total Revenue per Audited Statements
$1,639,987
Total Revenue per Form 990
$1,885,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,282,170
Salaries, Compensation, and Employee Benefits$571,940
Grants and Similar Amounts Paid$7,016
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$407,415
Fees for Services Other---$357,208
Office Expenses---$107,171
Other Expenses---$99,091
Current Officers, Directors, Trustees, and Key Employees---$72,043
Other Employee Benefits---$52,466
Payroll Taxes---$40,016
Occupancy---$39,797
Depreciation Depletion---$35,242
Insurance---$32,191
Advertising---$29,428
Conferences and Meetings---$20,009
Fees for Services Accounting---$19,261
All Other Expenses---$18,632
Interest---$12,601
Fees for Services Legal---$8,589
Grants to Domestic Individuals---$5,500
Travel---$2,385
Grants to Domestic Orgs---$1,516
Total Functional Expenses$0$0$0$1,861,126

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,861,126
Expenses per Audited Statements$1,796,292
Total Expenses per Audited Statements$1,796,292
Expenses Not Reported on Financial Statements$64,834
Other Expense Adjustments$64,834
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
MEMBERS' DEPOSITS$27,455,043
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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, Page 6, Part VI, Line 7A

“The members annually elect the board of directors.”

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

“By-law changes must be approved by the members.”

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

“Copies of the form 990 are distributed to all board members as well as the chair of the supervisory committee for review and discussion. Board members will get a copy of the 990 before filing only if the board meeting is prior to the filing deadline. If not, they will get a copy at the next scheduled board meeting.”

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

“Salary survey information from cuna is used by the personnel policies committee in determining the salary to be presented to the board. The information from cuna includes comparability data. Ceo compensation is approved by the board of directors.”

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

“Salary survey information from cuna is used by the personnel policies committee to determine salary recommendations. Other officers' and key employees' compensation are approved by the ceo.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request. The financial statements are posted in the lobby.”

Filing and Contact Details

Filer

EIN
54-0623257
Phone
7578380707

Signing Officer

Name
Karen Orie
Title
Manager/CEO
Phone
7578380707
Signed
2015-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Trimble
Formed
1954
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
19
Volunteers
20

Preparer

Preparer
Diane Y Smith CPA
Phone
7572239602
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers serve on the board of directors, the supervisory committee, the scholarship committee, and as teacher liaisons. Volunteers also work the student branches.”

Form 990, Page 2, Part III, Line 4D

“To provide financial services to its members.”

Form 990, Part IX, Line 11G

“Eds data processing 350,308 0 0 state examiner fee 6,900 0 0”

Form 990, Part XI, Line 9

“Net change in pension asset -180,329 pension refund netted with expense on f/s -64,834 pension refund netted with expene on f?s 64,834”

Financial Statement Notes

Schedule D, Page 3, Part X

“While it seems likely that certain income streams of state chartered credit unions will be subject to unrelated business income tax (ubit), the issue remains open.”

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

“Net change in pension asset -180,329”

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

“Pension refund netted with expense on f/s 64,834”

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

“Pension refund netted with expene on f?s 64,834”

Raw XML AppendixShowing 400 of 408 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/OtherExpensesGrp/Desc1ATM EXPENSES
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING COSTS
IRS990/OtherExpensesGrp/Desc3SHARE AND BANK COSTS
IRS990/OtherExpensesGrp/TotalAmt0179030
IRS990/OtherExpensesGrp/TotalAmt1162445
IRS990/OtherExpensesGrp/TotalAmt2159090
IRS990/OtherExpensesGrp/TotalAmt399091
IRS990/OtherLiabilitiesGrp/BOYAmt027537005
IRS990/OtherLiabilitiesGrp/EOYAmt027455043
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0REFUND OF PENSION EXPENSE
IRS990/OtherRevenueMiscGrp/Desc1GAP INSURANCE COMMISSION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt064834
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt064834
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18400
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt08400
IRS990/OtherRevenueTotalAmt073234
IRS990/OtherSalariesAndWagesGrp/TotalAmt0407415
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt014013463
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013793087
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt040016
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014810
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0137973
IRS990/PrincipalOfficerNm0WILLIAM TRIMBLE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON MEMBER LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01182885
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1458304
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01182885
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1458304
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt012008
IRS990/PYInvestmentIncomeAmt0155137
IRS990/PYOtherExpensesAmt01206156
IRS990/PYOtherRevenueAmt01419
IRS990/PYProgramServiceRevenueAmt01683185
IRS990/PYRevenuesLessExpensesAmt038669
IRS990/PYSalariesCompEmpBnftPaidAmt0582908
IRS990/PYTotalExpensesAmt01801072
IRS990/PYTotalRevenueAmt01839741
IRS990/ReconcilationRevenueExpnssAmt024024
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01743120
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01586815
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012697864
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012781737
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0134506
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0565564
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0700070
IRS990ScheduleD/EquipmentGrp/BookValueAmt056608
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0179523
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0236131
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt064834
IRS990ScheduleD/ExpensesSubtotalAmt01796292
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01186513
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1284336
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt282929
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt382000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt413466
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PREPAID PENSION PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3FISERV EFT SETTLEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER ASSETS
IRS990ScheduleD/OtherExpensesNotIncludedAmt064834
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027455043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0-180329
IRS990ScheduleD/OtherRevenuesNotIncludedAmt064834
IRS990ScheduleD/RevenueNotReportedAmt0-180329
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt064834
IRS990ScheduleD/RevenueSubtotalAmt01820316
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WHILE IT SEEMS LIKELY THAT CERTAIN INCOME STREAMS OF STATE CHARTERED CREDIT UNIONS WILL BE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT), THE ISSUE REMAINS OPEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NET CHANGE IN PENSION ASSET -180,329
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PENSION REFUND NETTED WITH EXPENSE ON F/S 64,834
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3PENSION REFUND NETTED WITH EXPENE ON F?S 64,834
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0191114
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01649244
IRS990ScheduleD/TotalExpensesPerForm990Amt01861126
IRS990ScheduleD/TotalLiabilityAmt027455043
IRS990ScheduleD/TotalRevenuePerForm990Amt01885150
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01639987
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01796292
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS SERVE ON THE BOARD OF DIRECTORS, THE SUPERVISORY COMMITTEE, THE SCHOLARSHIP COMMITTEE, AND AS TEACHER LIAISONS. VOLUNTEERS ALSO WORK THE STUDENT BRANCHES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ANNUALLY ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BY-LAW CHANGES MUST BE APPROVED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE FORM 990 ARE DISTRIBUTED TO ALL BOARD MEMBERS AS WELL AS THE CHAIR OF THE SUPERVISORY COMMITTEE FOR REVIEW AND DISCUSSION. BOARD MEMBERS WILL GET A COPY OF THE 990 BEFORE FILING ONLY IF THE BOARD MEETING IS PRIOR TO THE FILING DEADLINE. IF NOT, THEY WILL GET A COPY AT THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARY SURVEY INFORMATION FROM CUNA IS USED BY THE PERSONNEL POLICIES COMMITTEE IN DETERMINING THE SALARY TO BE PRESENTED TO THE BOARD. THE INFORMATION FROM CUNA INCLUDES COMPARABILITY DATA. CEO COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALARY SURVEY INFORMATION FROM CUNA IS USED BY THE PERSONNEL POLICIES COMMITTEE TO DETERMINE SALARY RECOMMENDATIONS. OTHER OFFICERS' AND KEY EMPLOYEES' COMPENSATION ARE APPROVED BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EDS DATA PROCESSING 350,308 0 0 STATE EXAMINER FEE 6,900 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET CHANGE IN PENSION ASSET -180,329 PENSION REFUND NETTED WITH EXPENSE ON F/S -64,834 PENSION REFUND NETTED WITH EXPENE ON F?S 64,834
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt029816570
IRS990/TotalAssetsEOYAmt029293884
IRS990/TotalAssetsGrp/BOYAmt029816570
IRS990/TotalAssetsGrp/EOYAmt029293884
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01861126
IRS990/TotalGrossUBIAmt08400
IRS990/TotalLiabilitiesBOYAmt028073450
IRS990/TotalLiabilitiesEOYAmt027707069
IRS990/TotalLiabilitiesGrp/BOYAmt028073450
IRS990/TotalLiabilitiesGrp/EOYAmt027707069
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01743120
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01586815
IRS990/TotalProgramServiceRevenueAmt01641189
IRS990/TotalReportableCompFromOrgAmt069063
IRS990/TotalRevenueGrp/ExclusionAmt0170727
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01706023
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01885150
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08400
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt029816570
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029293884
IRS990/TravelGrp/TotalAmt02385
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102310 CUNNINGHAM DRIVE
IRS990/USAddress/City0HAMPTON
IRS990/USAddress/State0VA
IRS990/USAddress/ZIPCode023666
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.HRECU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN ORIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07578380707
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10HAMPTON ROADS EDUCATORS
ReturnHeader/Filer/BusinessName/BusinessNameLine20CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HAMP
ReturnHeader/Filer/EIN0540623257
ReturnHeader/Filer/PhoneNum07578380707
ReturnHeader/Filer/USAddress/AddressLine102130 CUNNINGHAM DRIVE
ReturnHeader/Filer/USAddress/City0HAMPTON
ReturnHeader/Filer/USAddress/State0VA
ReturnHeader/Filer/USAddress/ZIPCode023666
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203760975
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10DIANE Y SMITH CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1011832 ROCK LANDING DR STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0NEWPORT NEWS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0236064277

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,293,884
Liabilities
$27,707,069
Net assets
$1,586,815
Revenue
$1,885,150
Expenses
$1,861,126
Net income
$24,024
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$44.7$40.4$4.29$2.57$2.24$0.33
2024Detailed filing. Detailed filing data is available for this year.$42.6$39.1$3.53$2.29$2.10$0.19
2023Detailed filing. Detailed filing data is available for this year.$42.7$39.9$2.86$2.07$1.94$0.13
2022Detailed filing. Detailed filing data is available for this year.$41.7$39.7$1.98$1.82$1.67$0.15
2021Detailed filing. Detailed filing data is available for this year.$39.2$37.1$2.14$1.85$1.64$0.22
2020Detailed filing. Detailed filing data is available for this year.$35.2$33.8$1.38$1.77$1.64$0.13
2019Detailed filing. Detailed filing data is available for this year.$31.2$29.9$1.37$1.96$1.79$0.17
2018Detailed filing. Detailed filing data is available for this year.$31.7$29.9$1.75$1.87$1.78$0.09
2017Detailed filing. Detailed filing data is available for this year.$31.3$29.6$1.62$1.78$1.65$0.13
2016Detailed filing. Detailed filing data is available for this year.$30.7$29.5$1.26$1.72$1.70$0.02
2015Detailed filing. Detailed filing data is available for this year.$28.5$27.3$1.20$1.88$1.82$0.06
2014Detailed filing. Detailed filing data is available for this year.$29.3$27.7$1.59$1.89$1.86$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$28.1$1.74$1.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$27.3$1.38$2.12
2011Summary only. Only limited summary data is available for this year.$28.2$26.6$1.59$1.44$1.48$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.4$26.5$1.85$2.07