Civic Intelligence

State Chartered Credit Unions in Florida

990 • Fiscal year 2016 • EIN 59-0965738

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 19, 2017

Organization Profilewww.smecu.org

View Organization Page

1558 1st StreetSarasota, FL 34236

(941) 953-6744

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.89x

Higher debt load relative to assets than 62% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

54th percentile

21.04x

Higher debt load relative to revenue than 54% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

59th percentile

9.9%

Higher net margin than 59% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

14th percentile

$54,486

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

76th percentile

6.1%

Faster asset growth than 76% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

2.1%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$29,936,831

Up $1,724,104 (+6.1%) from 2015

Net Assets

Up

$3,327,375

Up $125,717 (+3.9%) from 2015

Liabilities

Up

$26,609,456

Up $1,598,387 (+6.4%) from 2015

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin59th percentile

Revenue

Up

$1,264,425

Up $25,534 (+2.1%) from 2015

Expenses

Up

$1,138,708

Up $50,676 (+4.7%) from 2015

Net Income

Down

$125,717

Down $25,142 (-17%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$40M$30M$20M$10M$0Assets 2011: $23,104,362Liabilities 2011: $20,438,172Net Assets 2011: $2,666,1902011Assets 2012: $25,160,436Liabilities 2012: $22,340,222Net Assets 2012: $2,820,2142012Assets 2013: $26,041,857Liabilities 2013: $23,145,118Net Assets 2013: $2,896,7392013Assets 2014: $26,786,131Liabilities 2014: $23,735,332Net Assets 2014: $3,050,7992014Assets 2015: $28,212,727Liabilities 2015: $25,011,069Net Assets 2015: $3,201,6582015Assets 2016: $29,936,831Liabilities 2016: $26,609,456Net Assets 2016: $3,327,3752016Assets 2017: $30,826,655Liabilities 2017: $27,331,681Net Assets 2017: $3,494,9742017Assets 2018: $29,445,560Liabilities 2018: $25,785,206Net Assets 2018: $3,660,3542018Assets 2019: $31,224,237Liabilities 2019: $27,479,191Net Assets 2019: $3,745,0462019Assets 2020: $35,721,958Liabilities 2020: $32,020,206Net Assets 2020: $3,701,7522020Assets 2021: $39,446,205Liabilities 2021: $35,739,290Net Assets 2021: $3,706,9152021Assets 2022: $38,204,185Liabilities 2022: $34,244,120Net Assets 2022: $3,960,0652022Assets 2023: $33,820,328Liabilities 2023: $29,537,682Net Assets 2023: $4,282,6462023Assets 2024: $32,462,356Liabilities 2024: $27,908,239Net Assets 2024: $4,554,1172024

Highlighted filing

2016

Assets$29,936,831
Liabilities$26,609,456
Net Assets$3,327,375
Open 2016 Filing

Operations Trend

Revenue Growth43rd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,181,6692011Revenue 2012: $1,222,829Expenses 2012: $1,068,805Net Income 2012: $154,0242012Revenue 2013: $1,189,588Expenses 2013: $1,113,063Net Income 2013: $76,5252013Revenue 2014: $1,215,030Expenses 2014: $1,060,970Net Income 2014: $154,0602014Revenue 2015: $1,238,891Expenses 2015: $1,088,032Net Income 2015: $150,8592015Revenue 2016: $1,264,425Expenses 2016: $1,138,708Net Income 2016: $125,7172016Revenue 2017: $1,293,574Expenses 2017: $1,125,975Net Income 2017: $167,5992017Revenue 2018: $1,403,457Expenses 2018: $1,238,077Net Income 2018: $165,3802018Revenue 2019: $1,470,974Expenses 2019: $1,386,282Net Income 2019: $84,6922019Revenue 2020: $1,358,075Expenses 2020: $1,401,369Net Income 2020: -$43,2942020Revenue 2021: $1,236,235Expenses 2021: $1,231,072Net Income 2021: $5,1632021Revenue 2022: $1,367,644Expenses 2022: $1,173,638Net Income 2022: $194,0062022Revenue 2023: $1,520,782Expenses 2023: $1,139,057Net Income 2023: $381,7252023Revenue 2024: $1,535,871Expenses 2024: $1,264,400Net Income 2024: $271,4712024

Highlighted filing

2016

Revenue$1,264,425
Expenses$1,138,708
Net Income$125,717
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 19, 2017
Return Version
2016v3.0
Gross Receipts
$1,264,425
Mission and Program Overview

Mission

Programs of credit unions offering a variety of personal financial services exclusively to the members featuring competitive rates on loans & investments, and other products and services.

Credit Union Programs Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive dividend rates on investments, competitive interest rates on loans, and other products services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$14,701,554$16,651,943▲ $1,950,389
Other Notes and Loans Receivable, Net$12,115,021$12,047,670▼ $67,351
Rtn Earn Endowment Incm Other Fnds$3,201,658$3,327,375▲ $125,717
Investments Program Related$583,781$597,829▲ $14,048
Land, Buildings, and Equipment, Net$466,854$445,356▼ $21,498
Cash and Non-Interest-Bearing Accounts$205,131$106,707▼ $98,424
Prepaid Expenses and Deferred Charges$63,158$45,912▼ $17,246
Accounts Receivable$76,460$40,646▼ $35,814
Total Assets$28,212,727$29,936,831▲ $1,724,104
Other Assets Total$768$768→ $0
Liabilities
Other Liabilities$24,741,108$26,449,794▲ $1,708,686
Accounts Payable and Accrued Expenses$269,961$159,662▼ $110,299
Total Liabilities$25,011,069$26,609,456▲ $1,598,387
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,201,658$3,327,375▲ $125,717
Total Liabilities and Net Assets / Fund Balance$28,212,727$29,936,831▲ $1,724,104

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$229,289$260,460$489,749
Equipment$30,960$354,747$385,707
Land$185,107-$209,892
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Arthur HartCEOFT$48,798$48,798

Board Members and Trustees

NameTitle
Charles JosephDirector
Donita SumneyDirector
Dr Clifford SmithDirector
Norman StocktonDirector
Randy BoydDirector
Elaine KarinsFormer CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,058,877
Investment Income
$205,548
Other Revenue
$0
Change in Net Assets
$125,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$734,032
Salaries, Compensation, and Employee Benefits$404,676
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$275,438--$275,438
Other Salaries and Wages$204,921--$204,921
Information Technology$108,126--$108,126
Current Officers, Directors, Trustees, and Key Employees$103,284--$103,284
Interest$84,674--$84,674
Depreciation Depletion$41,236--$41,236
Occupancy$40,450--$40,450
Other Employee Benefits$39,208--$39,208
Pension Plan Contributions$34,265--$34,265
Fees for Services Other$31,685--$31,685
Payroll Taxes$22,998--$22,998
Insurance$22,892--$22,892
Other Expenses$20,543--$20,543
Advertising$20,065--$20,065
Travel$16,800--$16,800
Fees for Services Accounting$3,823--$3,823
Conferences and Meetings$3,564--$3,564
Fees for Services Legal$1,971--$1,971
Total Functional Expenses$1,138,708$0$0$1,138,708
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
Federal income taxes$26,449,794
Members Deposits-
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 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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 12C

“Employees are restricted from processing transactions on their own behalf or for a family member. There are regular reviews of the activity in the accounts of volunteers and employees.”

Form 990, Part VI, Section B, Line 15A

“Credit union industry salary surveys are used as a guide by the board to set salaries”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the lobby and other items that are required to be disclosed are available upon request”

Filing and Contact Details

Filer

Filer Name
State Chartered Credit Unions in FL
EIN
59-0965738
Phone
9419536744
Address
1558 1st Street, Sarasota, FL 34236
Doing Business As
Sarasota Municipal Employees Credit Union

Signing Officer

Name
Arthur Hart
Title
CEO
Signed
2017-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Athrur Hart
Formed
1951
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
10
Volunteers
9

Preparer

Firm
Edwin W Ewart Jr CPA
Address
7480 FAIRWAY DR 207, MIAMI LAKES, FL 33014
Preparer
Edwin W Ewart Jr CPA
Phone
3052136453
Raw XML Appendix372 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0269961
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0159662
IRS990/AccountsReceivableGrp/BOYAmt076460
IRS990/AccountsReceivableGrp/EOYAmt040646
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Credit Union Programs Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive dividend rates on investments, competitive interest rates on loans, and other products services.
IRS990/AdvertisingGrp/ProgramServicesAmt020065
IRS990/AdvertisingGrp/TotalAmt020065
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Arthur Hart
IRS990/BooksInCareOfDetail/PhoneNum09419536744
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01558 1st Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Sarasota
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd034236
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0205131
IRS990/CashNonInterestBearingGrp/EOYAmt0106707
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0103284
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0103284
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03564
IRS990/ConferencesMeetingsGrp/TotalAmt03564
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0205548
IRS990/CYOtherExpensesAmt0734032
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01058877
IRS990/CYRevenuesLessExpensesAmt0125717
IRS990/CYSalariesCompEmpBnftPaidAmt0404676
IRS990/CYTotalExpensesAmt01138708
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01264425
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt041236
IRS990/DepreciationDepletionGrp/TotalAmt041236
IRS990/Desc0Credit Union Programs Programs of credit unions which offer a wide variety of personal financial services
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0Sarasota Municipal Employees Credit Union
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt01138708
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt03823
IRS990/FeesForServicesAccountingGrp/TotalAmt03823
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01971
IRS990/FeesForServicesLegalGrp/TotalAmt01971
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt031685
IRS990/FeesForServicesOtherGrp/TotalAmt031685
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6040.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0DR CLIFFORD SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm1NORMAN STOCKTON
IRS990/Form990PartVIISectionAGrp/PersonNm2DONITA SUMNEY
IRS990/Form990PartVIISectionAGrp/PersonNm3RANDY BOYD
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES JOSEPH
IRS990/Form990PartVIISectionAGrp/PersonNm5ELAINE KARINS
IRS990/Form990PartVIISectionAGrp/PersonNm6ARTHUR HART
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt554486
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt648798
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5FORMER CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt6CEO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01951
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01264425
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0108126
IRS990/InformationTechnologyGrp/TotalAmt0108126
IRS990/InsuranceGrp/ProgramServicesAmt022892
IRS990/InsuranceGrp/TotalAmt022892
IRS990/InterestGrp/ProgramServicesAmt084674
IRS990/InterestGrp/TotalAmt084674
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0205548
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0205548
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0583781
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0597829
IRS990/IRPDocumentCnt0523
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0639992
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0466854
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0445356
IRS990/LandBldgEquipCostOrOtherBssAmt01085348
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Credit Union Programs Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive dividend rates on investments, competitive interest rates on loans, and other products services
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03201658
IRS990/NetAssetsOrFundBalancesEOYAmt03327375
IRS990/NetUnrelatedBusTxblIncmAmt0-122
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt040450
IRS990/OccupancyGrp/TotalAmt040450
IRS990/OfficeExpensesGrp/ProgramServicesAmt0275438
IRS990/OfficeExpensesGrp/TotalAmt0275438
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0768
IRS990/OtherAssetsTotalGrp/EOYAmt0768
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039208
IRS990/OtherEmployeeBenefitsGrp/TotalAmt039208
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/Desc1DUES REGULATORS
IRS990/OtherExpensesGrp/ProgramServicesAmt062765
IRS990/OtherExpensesGrp/ProgramServicesAmt120543
IRS990/OtherExpensesGrp/TotalAmt062765
IRS990/OtherExpensesGrp/TotalAmt120543
IRS990/OtherLiabilitiesGrp/BOYAmt024741108
IRS990/OtherLiabilitiesGrp/EOYAmt026449794
IRS990/OtherOrganizationDsc0501c14
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0204921
IRS990/OtherSalariesAndWagesGrp/TotalAmt0204921
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt012115021
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt012047670
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt022998
IRS990/PayrollTaxesGrp/TotalAmt022998
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt034265
IRS990/PensionPlanContributionsGrp/TotalAmt034265
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt063158
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt045912
IRS990/PrincipalOfficerNm0Athrur Hart
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2522210
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS TO MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2CARD INTERCHANGE
IRS990/ProgramServiceRevenueGrp/Desc3INSURANCE RELATED COMMISSION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0687397
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1221398
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2124789
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt320635
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0687397
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1222173
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2124789
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt321010
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0775
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1375
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0202289
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0655756
IRS990/PYProgramServiceRevenueAmt01036602
IRS990/PYRevenuesLessExpensesAmt0150859
IRS990/PYSalariesCompEmpBnftPaidAmt0432276
IRS990/PYTotalExpensesAmt01088032
IRS990/PYTotalRevenueAmt01238891
IRS990/ReconcilationRevenueExpnssAmt0125717
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01264425
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03201658
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03327375
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014701554
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016651943
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0229289
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0260460
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0489749
IRS990ScheduleD/EquipmentGrp/BookValueAmt030960
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0354747
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0385707
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0185107
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0209892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026449794
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Members Deposits
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0445356
IRS990ScheduleD/TotalLiabilityAmt026449794
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ELAINE KARINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER CEO
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMPLOYEES ARE RESTRICTED FROM PROCESSING TRANSACTIONS ON THEIR OWN BEHALF OR FOR A FAMILY MEMBER. THERE ARE REGULAR REVIEWS OF THE ACTIVITY IN THE ACCOUNTS OF VOLUNTEERS AND EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CREDIT UNION INDUSTRY SALARY SURVEYS ARE USED AS A GUIDE BY THE BOARD TO SET SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND OTHER ITEMS THAT ARE REQUIRED TO BE DISCLOSED ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028212727
IRS990/TotalAssetsEOYAmt029936831
IRS990/TotalAssetsGrp/BOYAmt028212727
IRS990/TotalAssetsGrp/EOYAmt029936831
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01138708
IRS990/TotalFunctionalExpensesGrp/TotalAmt01138708
IRS990/TotalGrossUBIAmt01150
IRS990/TotalLiabilitiesBOYAmt025011069
IRS990/TotalLiabilitiesEOYAmt026609456
IRS990/TotalLiabilitiesGrp/BOYAmt025011069
IRS990/TotalLiabilitiesGrp/EOYAmt026609456
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03201658
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03327375
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt03508
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt03508
IRS990/TotalProgramServiceExpensesAmt01138708
IRS990/TotalProgramServiceRevenueAmt01058877
IRS990/TotalReportableCompFromOrgAmt0103284
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01263275
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01264425
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01150
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028212727
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029936831
IRS990/TravelGrp/ProgramServicesAmt016800
IRS990/TravelGrp/TotalAmt016800
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01558 1st Street
IRS990/USAddress/CityNm0Sarasota
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034236
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.smecu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Arthur Hart
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0State Chartered Credit Unions in FL
ReturnHeader/Filer/BusinessNameControlTxt0STAT
ReturnHeader/Filer/EIN0590965738
ReturnHeader/Filer/PhoneNum09419536744
ReturnHeader/Filer/USAddress/AddressLine1Txt01558 1st Street
ReturnHeader/Filer/USAddress/CityNm0Sarasota
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034236
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CFD72DE24C102B2D66C9DA36A8C21D4A48686104
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CFD72DE24C102B2D66C9DA36A8C21D4A48686104
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.115.41.3
ReturnHeader/FilingSecurityInformation/IPDt02017-04-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm017:20:59
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EDWIN W EWART JR CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07480 FAIRWAY DR 207
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI LAKES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033014
ReturnHeader/PreparerPersonGrp/PhoneNum03052136453
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWIN W EWART JR CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-04-19T01:21:29-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,936,831
Liabilities
$26,609,456
Net assets
$3,327,375
Revenue
$1,264,425
Expenses
$1,138,708
Net income
$125,717
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$27.9$4.55$1.54$1.26$0.27
2023Summary only. Only limited summary data is available for this year.$33.8$29.5$4.28$1.52$1.14$0.38
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.2$34.2$3.96$1.37$1.17$0.19
2021Summary only. Only limited summary data is available for this year.$39.4$35.7$3.71$1.24$1.23$0.01
2020Summary only. Only limited summary data is available for this year.$35.7$32.0$3.70$1.36$1.40$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.2$27.5$3.75$1.47$1.39$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.4$25.8$3.66$1.40$1.24$0.17
2017Summary only. Only limited summary data is available for this year.$30.8$27.3$3.49$1.29$1.13$0.17
2016Detailed filing. Detailed filing data is available for this year.$29.9$26.6$3.33$1.26$1.14$0.13
2015Detailed filing. Detailed filing data is available for this year.$28.2$25.0$3.20$1.24$1.09$0.15
2014Detailed filing. Detailed filing data is available for this year.$26.8$23.7$3.05$1.22$1.06$0.15
2013Detailed filing. Detailed filing data is available for this year.$26.0$23.1$2.90$1.19$1.11$0.08
2012Summary only. Only limited summary data is available for this year.$25.2$22.3$2.82$1.22$1.07$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$20.4$2.67$1.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)14 • $25M-$50M nonprofits