Civic Intelligence

Unknown Organization

990 • Fiscal year 2014 • EIN 59-0248185

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 16, 2015

401 W 1st StreetJacksonville, FL 32202

(904) 418-7300

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Net Margin

14th percentile

-16%

Higher net margin than 14% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

3rd percentile

-100%

Faster asset growth than 3% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

2nd percentile

-38%

Faster revenue growth than 2% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$0

Down $299,563,815 (-100%) from 2013

Net Assets

Down

$0

Down $59,166,626 (-100%) from 2013

Liabilities

Down

$0

Down $240,397,189 (-100%) from 2013

Revenue

Down

$4,525,815

Down $2,774,041 (-38%) from 2013

Expenses

Down

$5,234,443

Down $2,245,159 (-30%) from 2013

Net Income

Down

-$708,628

Down $528,882 (-294%) from 2013

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $303,741,084Liabilities 2010: $242,824,510Net Assets 2010: $60,916,5742010Assets 2011: $299,621,815Liabilities 2011: $238,093,936Net Assets 2011: $61,527,8792011Assets 2012: $304,359,563Liabilities 2012: $242,611,168Net Assets 2012: $61,748,3952012Assets 2013: $299,563,815Liabilities 2013: $240,397,189Net Assets 2013: $59,166,6262013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $9,368,3532010Expenses 2011: $8,515,8072011Expenses 2012: $7,823,8512012Revenue 2013: $7,299,856Expenses 2013: $7,479,602Net Income 2013: -$179,7462013Revenue 2014: $4,525,815Expenses 2014: $5,234,443Net Income 2014: -$708,6282014

Highlighted filing

2014

Revenue$4,525,815
Expenses$5,234,443
Net Income-$708,628
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 16, 2015
Return Version
2014v5.0
Gross Receipts
$4,525,815
Mission and Program Overview

Mission

State chartered federally insured credit union providing low cost financial services to 21749 members.

The credit union is a member owned cooperative that is operated under the philosophy of people helping people. The credit union returns the profits to its members with higher dividends on savings and lower interest on loans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$175,985,311--
Other Notes and Loans Receivable, Net$72,882,350--
Rtn Earn Endowment Incm Other Fnds$59,166,626--
Savings and Temporary Cash Investments$42,223,197--
Land, Buildings, and Equipment, Net$2,110,543--
Cash and Non-Interest-Bearing Accounts$1,333,989--
Prepaid Expenses and Deferred Charges$745,759--
Total Assets$299,563,815$0▼ $299,563,815
Other Assets Total$4,282,666--
Liabilities
Other Liabilities$238,365,595$0▼ $238,365,595
Accounts Payable and Accrued Expenses$2,031,594--
Total Liabilities$240,397,189$0▼ $240,397,189
Net Assets / Fund Balance
Total Net Assets Fund Balance$59,166,626$0▼ $59,166,626
Total Liabilities and Net Assets / Fund Balance$299,563,815$0▼ $299,563,815
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul E Numbers JrFormer CEOFT$143,900$12,872$156,772
Richard HarperCFOFT$94,178$13,435$107,613
Joseph CarpenterInterim CEOFT$90,953$10,249$101,202
Richard Harper CFO--$94,178$13,435$13,435
Paul E Numbers Jr Former CEO--$143,900$12,872$12,872
Joseph Carpenter Interim CEO--$90,953$10,249$10,249

Board Members and Trustees

NameTitle
Dean WillisChairman
Sandra MagyarVice Chairman
Don MillsDirector
Melba JordanDirector
Ken JonesSecretarytreas

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,229,130
Investment Income
$1,296,685
Other Revenue
$0
Change in Net Assets
$-708,628

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,525,815
Total Revenue per Audited Statements
$4,525,815
Total Revenue per Form 990
$4,525,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,432,049
Salaries, Compensation, and Employee Benefits$2,302,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,496,072
All Other Expenses---$794,981
Benefits to Members---$500,256
Information Technology---$381,100
Current Officers, Directors, Trustees, and Key Employees---$329,031
Depreciation Depletion---$259,246
Advertising---$234,104
Office Expenses---$227,125
Other Employee Benefits---$191,842
Pension Plan Contributions---$161,268
Payroll Taxes---$123,925
Occupancy---$101,521
Fees for Services Other---$69,653
Fees for Services Accounting---$48,936
Other Expenses---$42,015
Insurance---$39,625
Travel---$28,562
Fees for Services Legal---$11,152
Fees for Services Management---$5,210
Conferences and Meetings---$657
Total Functional Expenses$0$0$0$5,234,443

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,234,443
Total Expenses per Audited Statements$5,234,443
Total Expenses per Form 990$5,234,443
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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 Part VI Section A Line 6

The credit union has members. Membership is composed of those employed contracted with or assigned to the state of florida and their immediate families or this credit union and their immediate family the federal county municipal and public employees and their immediate family who reside within a geographic area where secu maintains an office and any person who resides or works in baker bradford clay duval franklin jefferson leon liberty madison nassau st johns taylor wakulla or union county florida.

Form 990 Part VI Section A Line 7A

The governing body which is our board of directors are elected by the credit unions membership in conjunction with our annual meeting. As terms expire each board member is elected to a 3 year term.

Form 990 Part VI Section A Line 7B

Membership is required to vote on any merger opportunity.

Form 990 Part VI Section B Line 11

The cfo is responsible for the prepartation of the form 990. Upon completion the return is reviewed by the ceo and cfo. Once all parties have completed their review and any necessary corrections have been made the return is filed and a copy of the 990 will be made available upon request. The board of directors shall review the form subsequent to filling.

Form 990 Part VI Section B Line 12C

The conflict of interest policy is approved by the board of directors and reviewed annually. Any possible conflict is researched and reviewed requiring full disclosure.

Form 990 Part VI Section B Line 15

The review of the ceo's compensation is a fuction of the board of directors. Annually the board uses an executive compensation survey from independant third parties to determine the ceo's compensation. For all other positions in the organization pay ranges are reviewed on an annual basis utilizing data from an independant compenstion study.

Form 990 Part VI Section C Line 19

Governing documents the conflict of interest policy and financial statements will be made available to the public upon request. The credit union's quarterly financial statements are available for public viewing on the ncua.gov website.

Filing and Contact Details

Filer

Filer Name
State Employees Credit Union
EIN
59-0248185
Address
401 W 1ST STREET, JACKSONVILLE, FL 32202

Signing Officer

Name
Richard Harper
Title
CFO
Phone
9044187300
Signed
2015-03-16

Organization Details

Principal Officer
Richard Harper
Formed
1937
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
50
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990 Part XI Line 9

Change in net assets due to merger with first florida credit union ein 59-0705380

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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/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2NOTES AND LOANS RECEIVABLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3PREPAID EXPENSES AND DEFERRED CHARGES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4LAND BUILDINGS AND EQUIPMENT-NET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6OTHER ASSETS
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0FIRST FLORIDA CREDIT UNION
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm6FIRST FLORIDA CREDIT UNION
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1500 W 1ST ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2500 W 1ST ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt3500 W 1ST ST
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0STATE EMPLOYEES CREDIT UNION EIN 59-0248185 MERGED WITH FIRST FLORIDA CREDIT UNION EIN 59-0705380. LEGAL MERGE DATE IS 812014
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1DIRECTORS DEAN WILLIS SANDRA MAGYAR KEN JONES MELBA JORDAN AND DON MILLS BECAME DIRECTORS OF FIRST FLORIDA CREDIT UNION
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt2OFFICERS RICHARD HARPER AND JOSEPH CARPENTER BECAME EMPLOYEES OF FIRST FLORIDA CREDIT UNION
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART 1 2A
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc2PART 1 2B
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS MEMBERS. MEMBERSHIP IS COMPOSED OF THOSE EMPLOYED CONTRACTED WITH OR ASSIGNED TO THE STATE OF FLORIDA AND THEIR IMMEDIATE FAMILIES OR THIS CREDIT UNION AND THEIR IMMEDIATE FAMILY THE FEDERAL COUNTY MUNICIPAL AND PUBLIC EMPLOYEES AND THEIR IMMEDIATE FAMILY WHO RESIDE WITHIN A GEOGRAPHIC AREA WHERE SECU MAINTAINS AN OFFICE AND ANY PERSON WHO RESIDES OR WORKS IN BAKER BRADFORD CLAY DUVAL FRANKLIN JEFFERSON LEON LIBERTY MADISON NASSAU ST JOHNS TAYLOR WAKULLA OR UNION COUNTY FLORIDA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY WHICH IS OUR BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNIONS MEMBERSHIP IN CONJUNCTION WITH OUR ANNUAL MEETING. AS TERMS EXPIRE EACH BOARD MEMBER IS ELECTED TO A 3 YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERSHIP IS REQUIRED TO VOTE ON ANY MERGER OPPORTUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CFO IS RESPONSIBLE FOR THE PREPARTATION OF THE FORM 990. UPON COMPLETION THE RETURN IS REVIEWED BY THE CEO AND CFO. ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEW AND ANY NECESSARY CORRECTIONS HAVE BEEN MADE THE RETURN IS FILED AND A COPY OF THE 990 WILL BE MADE AVAILABLE UPON REQUEST. THE BOARD OF DIRECTORS SHALL REVIEW THE FORM SUBSEQUENT TO FILLING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY IS APPROVED BY THE BOARD OF DIRECTORS AND REVIEWED ANNUALLY. ANY POSSIBLE CONFLICT IS RESEARCHED AND REVIEWED REQUIRING FULL DISCLOSURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE REVIEW OF THE CEO'S COMPENSATION IS A FUCTION OF THE BOARD OF DIRECTORS. ANNUALLY THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM INDEPENDANT THIRD PARTIES TO DETERMINE THE CEO'S COMPENSATION. FOR ALL OTHER POSITIONS IN THE ORGANIZATION PAY RANGES ARE REVIEWED ON AN ANNUAL BASIS UTILIZING DATA FROM AN INDEPENDANT COMPENSTION STUDY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CREDIT UNION'S QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THE NCUA.GOV WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN NET ASSETS DUE TO MERGER WITH FIRST FLORIDA CREDIT UNION EIN 59-0705380
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART VI SECTION A LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART VI SECTION A LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI SECTION A LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART VI SECTION B LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART VI SECTION B LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART VI SECTION C LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART XI LINE 9
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