Civic Intelligence

Elevator Credit Union

990 • Fiscal year 2015 • EIN 62-0514070

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 30, 2016

Organization Profile

View Organization Page

8279 Frontage RdOlive Branch, MS 38654

(662) 895-2964

Siviq Scores

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

Liabilities / Assets

39th percentile

0.85x

Higher debt load relative to assets than 39% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

76th percentile

26.70x

Higher debt load relative to revenue than 76% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

93rd percentile

23%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

28th percentile

$57,269

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 13.2% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

74th percentile

6.6%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

97th percentile

23%

Faster revenue growth than 97% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$13,651,834

Up $849,848 (+6.6%) from 2014

Net Assets

Up

$2,078,287

Up $98,605 (+5.0%) from 2014

Liabilities

Up

$11,573,547

Up $751,243 (+6.9%) from 2014

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin93rd percentile

Revenue

Up

$433,540

Up $80,092 (+23%) from 2014

Expenses

Up

$334,935

Up $50,316 (+18%) from 2014

Net Income

Up

$98,605

Up $29,776 (+43%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$15M$10M$5.0M$0Assets 2010: $11,129,687Liabilities 2010: $9,441,578Net Assets 2010: $1,688,1092010Assets 2011: $11,558,913Liabilities 2011: $9,796,534Net Assets 2011: $1,762,3792011Assets 2012: $12,011,165Liabilities 2012: $10,154,288Net Assets 2012: $1,856,8772012Assets 2013: $12,279,452Liabilities 2013: $10,368,599Net Assets 2013: $1,910,8532013Assets 2014: $12,801,986Liabilities 2014: $10,822,304Net Assets 2014: $1,979,6822014Assets 2015: $13,651,834Liabilities 2015: $11,573,547Net Assets 2015: $2,078,2872015Assets 2016: $14,463,921Liabilities 2016: $12,292,511Net Assets 2016: $2,171,4102016

Highlighted filing

2015

Assets$13,651,834
Liabilities$11,573,547
Net Assets$2,078,287
Open 2015 Filing

Operations Trend

Revenue Growth97th percentile

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

$600K$400K$200K$0Expenses 2010: $448,0872010Expenses 2011: $257,7762011Expenses 2012: $224,8222012Revenue 2013: $322,472Expenses 2013: $268,496Net Income 2013: $53,9762013Revenue 2014: $353,448Expenses 2014: $284,619Net Income 2014: $68,8292014Revenue 2015: $433,540Expenses 2015: $334,935Net Income 2015: $98,6052015Revenue 2016: $505,046Expenses 2016: $411,923Net Income 2016: $93,1232016

Highlighted filing

2015

Revenue$433,540
Expenses$334,935
Net Income$98,605
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 30, 2016
Return Version
2015v2.1
Gross Receipts
$433,540
Mission and Program Overview

Mission

N/A This credit union is a member-owned not-for-profit organization.

This credit union is a member-owned not for profit financial cooperative

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,035,028$9,635,223▲ $600,195
Accounts Receivable$3,010,886$3,386,359▲ $375,473
Rtn Earn Endowment Incm Other Fnds$1,979,681$2,014,378▲ $34,697
Cash and Non-Interest-Bearing Accounts$581,188$436,733▼ $144,455
Cap Stk Tr Prin Current Funds$0$63,909▲ $63,909
Other Notes and Loans Receivable, Net-$39,906-
Prepaid Expenses and Deferred Charges$16,058$27,070▲ $11,012
Land, Buildings, and Equipment, Net$26,859$18,447▼ $8,412
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Inventories for Sale or Use-$0-
Loans From Officers Directors$0$0→ $0
Total Assets$12,801,986$13,651,834▲ $849,848
Other Assets Total$131,967$108,096▼ $23,871
Liabilities
Other Liabilities$10,809,652$11,556,824▲ $747,172
Accounts Payable and Accrued Expenses$12,653$16,723▲ $4,070
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$10,822,305$11,573,547▲ $751,242
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,979,681$2,078,287▲ $98,606
Total Liabilities and Net Assets / Fund Balance$12,801,986$13,651,834▲ $849,848

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$18,447$74,598$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Pam CollierOffice ManagerFT$57,269$57,269
Ray GinnBoard TreasuerPT$5,300$5,300

Board Members and Trustees

NameTitle
Charles Cunning hamBoard President
Jeremy PratherBoard Vice-President
Kaleb LordBoard Member-at-large
Sue PoffBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$261,777
Investment Income
$163,227
Other Revenue
$8,536
Change in Net Assets
$98,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,858
Salaries, Compensation, and Employee Benefits$120,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$94,601
Current Officers, Directors, Trustees, and Key Employees---$92,570
Interest---$40,051
Occupancy---$24,843
Fees for Services Accounting---$16,252
Other Employee Benefits---$11,512
Pension Plan Contributions---$8,681
Other Expenses---$7,523
Payroll Taxes---$7,314
Travel---$6,904
Advertising---$2,825
Depreciation Depletion---$1,649
Total Functional Expenses$0$0$0$334,935
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$11,556,824
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Other officer compensation reviewed
No
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 does not have "stockholders" in the normal sense. All its members have voting rights, but only one vote per member.”

Form 990, Part VI, Section A, Line 7A

“All its members have voting rights (one vote per member, regardless of the dollar amount of their holdings within the credit union).”

Form 990, Part VI, Section A, Line 7B

“Every member has a vote in electing members of the board of directors, supervisory committee and credit committee.”

Form 990, Part VI, Section A, Line 8B

“There are no committes authorized to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Each board member is furnished a copy of the Form 990 and it is reviewed by the full board at its monthly board meeting.”

Form 990, Part VI, Section C, Line 19

“These records are available upon request at the credit union's office.”

Filing and Contact Details

Filer

Filer Name
Elevator Credit Union
EIN
62-0514070
Phone
6628952964
Address
8279 Frontage Rd, Olive Branch, MS 38654

Signing Officer

Name
Pam Collier
Title
Manager
Phone
6628952964
Signed
2016-04-30

Organization Details

Principal Officer
Charles Cunningham
Formed
1966
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
8
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.

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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The credit union does not have "stockholders" in the normal sense. All its members have voting rights, but only one vote per member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All its members have voting rights (one vote per member, regardless of the dollar amount of their holdings within the credit union).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Every member has a vote in electing members of the board of directors, supervisory committee and credit committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no committes authorized to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Each board member is furnished a copy of the Form 990 and it is reviewed by the full board at its monthly board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5These records are available upon request at the credit union's office.
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 A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012801986
IRS990/TotalAssetsEOYAmt013651834
IRS990/TotalAssetsGrp/BOYAmt012801986
IRS990/TotalAssetsGrp/EOYAmt013651834
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0334935
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010822305
IRS990/TotalLiabilitiesEOYAmt011573547
IRS990/TotalLiabilitiesGrp/BOYAmt010822305
IRS990/TotalLiabilitiesGrp/EOYAmt011573547
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01979681
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02078287
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0261777
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0261777
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0261777
IRS990/TotalReportableCompFromOrgAmt062569
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0433540
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0433540
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012801986
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013651834
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt06904
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08279 Frontage Rd
IRS990/USAddress/CityNm0Olive Branch
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038654
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Pam Collier
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum06628952964
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELEVATOR CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0ELEV
ReturnHeader/Filer/EIN0620514070
ReturnHeader/Filer/PhoneNum06628952964
ReturnHeader/Filer/USAddress/AddressLine1Txt08279 Frontage Rd
ReturnHeader/Filer/USAddress/CityNm0Olive Branch
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038654
ReturnHeader/ReturnTs02016-04-30T17:55:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,651,834
Liabilities
$11,573,547
Net assets
$2,078,287
Revenue
$433,540
Expenses
$334,935
Net income
$98,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$14.5$12.3$2.17$0.51$0.41$0.09
2015Detailed filing. Detailed filing data is available for this year.$13.7$11.6$2.08$0.43$0.33$0.10
2014Detailed filing. Detailed filing data is available for this year.$12.8$10.8$1.98$0.35$0.28$0.07
2013Detailed filing. Detailed filing data is available for this year.$12.3$10.4$1.91$0.32$0.27$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$10.2$1.86$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$9.80$1.76$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$9.44$1.69$0.45