Civic Intelligence

Memphis City Employees Credit Union

990 • Fiscal year 2013 • EIN 62-0630690

Jan 01, 2013 to Dec 31, 2013 • Filed on May 07, 2014

Organization ProfileWWW.MEMPHISCU.ORG

View Organization Page

2678 MT Moriah Terrace Cove38115

(901) 321-1200

Siviq Scores

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

Liabilities / Assets

10th percentile

0.83x

Higher debt load relative to assets than 10% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

40th percentile

16.74x

Higher debt load relative to revenue than 40% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Net Margin

79th percentile

17%

Higher net margin than 79% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

83rd percentile

$271,943

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Asset Growth

62nd percentile

3.8%

Faster asset growth than 62% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

22nd percentile

-5.2%

Faster revenue growth than 22% of similar nonprofits.

2013 filings • $100M-$250M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$234,582,901

Up $8,499,446 (+3.8%) from 2012

Net Assets

Up

$40,157,181

Up $1,702,201 (+4.4%) from 2012

Liabilities

Up

$194,425,720

Up $6,797,245 (+3.6%) from 2012

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin79th percentile

Revenue

Down

$11,617,095

Down $637,632 (-5.2%) from 2012

Expenses

Down

$9,609,356

Down $318,854 (-3.2%) from 2012

Net Income

Down

$2,007,739

Down $318,778 (-14%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$600M$400M$200M$0Assets 2010: $220,006,564Liabilities 2010: $184,650,570Net Assets 2010: $35,355,9942010Assets 2011: $227,152,118Liabilities 2011: $189,820,094Net Assets 2011: $37,332,0242011Assets 2012: $226,083,455Liabilities 2012: $187,628,475Net Assets 2012: $38,454,9802012Assets 2013: $234,582,901Liabilities 2013: $194,425,720Net Assets 2013: $40,157,1812013Assets 2014: $245,026,634Liabilities 2014: $203,322,944Net Assets 2014: $41,703,6902014Assets 2015: $254,950,800Liabilities 2015: $211,143,149Net Assets 2015: $43,807,6512015Assets 2016: $263,594,251Liabilities 2016: $219,601,448Net Assets 2016: $43,992,8032016Assets 2017: $285,603,291Liabilities 2017: $239,402,445Net Assets 2017: $46,200,8462017Assets 2018: $301,196,525Liabilities 2018: $251,387,252Net Assets 2018: $49,809,2732018Assets 2019: $333,261,695Liabilities 2019: $279,880,193Net Assets 2019: $53,381,5022019Assets 2020: $399,234,146Liabilities 2020: $344,614,891Net Assets 2020: $54,619,2552020Assets 2021: $441,662,639Liabilities 2021: $385,106,336Net Assets 2021: $56,556,3032021Assets 2022: $442,390,600Liabilities 2022: $391,863,867Net Assets 2022: $50,526,7332022Assets 2023: $443,259,152Liabilities 2023: $385,230,380Net Assets 2023: $58,028,7722023Assets 2024: $455,354,464Liabilities 2024: $391,539,801Net Assets 2024: $63,814,6632024

Highlighted filing

2013

Assets$234,582,901
Liabilities$194,425,720
Net Assets$40,157,181
Open 2013 Filing

Operations Trend

Revenue Growth22nd percentile

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

$30M$20M$10M$0Expenses 2010: $11,479,5962010Expenses 2011: $10,610,7932011Revenue 2012: $12,254,727Expenses 2012: $9,928,210Net Income 2012: $2,326,5172012Revenue 2013: $11,617,095Expenses 2013: $9,609,356Net Income 2013: $2,007,7392013Revenue 2014: $12,040,864Expenses 2014: $9,935,418Net Income 2014: $2,105,4462014Revenue 2015: $12,563,477Expenses 2015: $10,558,184Net Income 2015: $2,005,2932015Revenue 2016: $13,132,345Expenses 2016: $11,257,863Net Income 2016: $1,874,4822016Revenue 2017: $14,445,888Expenses 2017: $12,242,820Net Income 2017: $2,203,0682017Revenue 2018: $16,926,900Expenses 2018: $14,278,131Net Income 2018: $2,648,7692018Revenue 2019: $20,247,496Expenses 2019: $17,392,892Net Income 2019: $2,854,6042019Revenue 2020: $20,584,059Expenses 2020: $19,043,612Net Income 2020: $1,540,4472020Revenue 2021: $21,190,840Expenses 2021: $18,182,571Net Income 2021: $3,008,2692021Revenue 2022: $23,689,199Expenses 2022: $20,820,305Net Income 2022: $2,868,8942022Revenue 2023: $26,086,110Expenses 2023: $24,006,804Net Income 2023: $2,079,3062023Revenue 2024: $28,993,090Expenses 2024: $27,188,905Net Income 2024: $1,804,1852024

Highlighted filing

2013

Revenue$11,617,095
Expenses$9,609,356
Net Income$2,007,739
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 7, 2014
Return Version
2013v3.0
Gross Receipts
$11,617,095
Mission and Program Overview

Mission

State chartered credit union created to provide the highest quality of personal financial services in a friendly, professional manner; to encourage savings and the wise use of credit; to increase the knowledge and ability of our members to manage and control their finances.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$101,495,501$102,780,741▲ $1,285,240
Other Notes and Loans Receivable, Net$82,946,596$93,057,313▲ $10,110,717
Rtn Earn Endowment Incm Other Fnds$29,869,163$31,571,364▲ $1,702,201
Savings and Temporary Cash Investments$33,013,138$30,420,817▼ $2,592,321
Cap Stk Tr Prin Current Funds$8,585,817$8,585,817→ $0
Prepaid Expenses and Deferred Charges$3,028,220$2,659,867▼ $368,353
Cash and Non-Interest-Bearing Accounts$1,736,110$1,710,308▼ $25,802
Land, Buildings, and Equipment, Net$1,393,355$1,449,053▲ $55,698
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$226,083,455$234,582,901▲ $8,499,446
Other Assets Total$2,470,535$2,504,802▲ $34,267
Liabilities
Other Liabilities$186,289,734$193,269,141▲ $6,979,407
Accounts Payable and Accrued Expenses$1,338,741$1,156,579▼ $182,162
Total Liabilities$187,628,475$194,425,720▲ $6,797,245
Net Assets / Fund Balance
Total Net Assets Fund Balance$38,454,980$40,157,181▲ $1,702,201
Total Liabilities and Net Assets / Fund Balance$226,083,455$234,582,901▲ $8,499,446

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,051,502$1,377,821$2,429,323
Buildings$242,551$1,614,255$1,856,806
Land$155,000-$155,000
Other Securities$1,974,037--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth SwannPresident/CEOFT$224,115$47,828$271,943
Allen PetersonChief Financial OfficerFT$104,260$6,053$110,313
John Michael RheaVP Accounting/auditFT$100,503$937$101,440

Board Members and Trustees

NameTitle
Barbara FarmerDirector
Charles ChumleyDirector
Darryl PorterDirector
Delphone HubbardDirector
J Harvey HerringDirector
Jacqueline AndersonDirector
James SturdivantDirector
Norvell WallaceDirector
Terri BrownDirector
Wanda CorcoranDirector
William OldhamDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,002,435
Investment Income
$1,088,629
Other Revenue
$4,526,031
Change in Net Assets
$2,007,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,054,226
Salaries, Compensation, and Employee Benefits$4,555,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons---$2,862,954
Fees for Services Other---$1,379,478
Other Employee Benefits---$967,157
Interest---$941,757
Office Expenses---$623,053
Current Officers, Directors, Trustees, and Key Employees---$476,238
Occupancy---$431,670
Depreciation Depletion---$402,181
Insurance---$302,905
Payroll Taxes---$248,781
Other Expenses---$130,213
All Other Expenses---$92,036
Conferences and Meetings---$31,238
Total Functional Expenses$0$0$0$9,609,356
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 Deposits$193,269,141
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 is a member-owned cooperative that is owned, managed and utilized by its member-owners.”

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

“The members elect the board of directors.”

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

“Some governance decisions are reserved for the members to vote but most governance decisions are made by the board of directors, who are elected by the members.”

Form 990, Part VI, Section B, Line 11

“The form 990 is available for review by the board of directors upon request.”

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

“The board of directors is responsible for monitoring and enforcing the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“Compensation of officers and highest compensated employees is determined by the board of directors.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

EIN
62-0630690
Phone
9013211200

Signing Officer

Name
Ken Swann
Title
President/CEO
Phone
9013211200
Signed
2014-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Swann
Formed
1969
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
99
Volunteers
11

Preparer

Preparer
W Paul Pennebaker
Phone
9016822431
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional & outside services: total expenses 1,379,478.”

FORM 990, PART XI, LINE 9:

“Oci adjustment related to pension plan -144.”

SUPPLEMENTAL INFORMATION: TAX YEAR VS. ACCOUNTING YEAR

“The taxpayer files its tax returns based on a tax year ending december 31. The taxpayer does receive a gaap audit of its financial statements but the audit is based on a june 30 accounting year. All required gaap disclosures are made in its audited financial statements. The taxpayer bases its tax return on its ncua certified december 31 call report.”

Raw XML AppendixShowing 400 of 433 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/NetUnrlzdGainsLossesInvstAmt0-305394
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0431670
IRS990/OfficeExpensesGrp/TotalAmt0623053
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02470535
IRS990/OtherAssetsTotalGrp/EOYAmt02504802
IRS990/OtherChangesInNetAssetsAmt0-144
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0967157
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1EXAMINATION & SUPERVISI
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL & PROMOTION
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/TotalAmt0295000
IRS990/OtherExpensesGrp/TotalAmt1266594
IRS990/OtherExpensesGrp/TotalAmt2158101
IRS990/OtherExpensesGrp/TotalAmt3130213
IRS990/OtherLiabilitiesGrp/BOYAmt0186289734
IRS990/OtherLiabilitiesGrp/EOYAmt0193269141
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
IRS990/OtherRevenueMiscGrp/Desc0FEE INCOME
IRS990/OtherRevenueMiscGrp/Desc1NON-MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/Desc2NON-MEMBER CHECK CASHING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02709513
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02709513
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt151099
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt215753
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt051099
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt115753
IRS990/OtherRevenueTotalAmt04526031
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt082946596
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt093057313
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0248781
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03028220
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02659867
IRS990/PrincipalOfficerNm0KEN SWANN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0523000
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06002435
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06002435
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01402457
IRS990/PYOtherExpensesAmt05933111
IRS990/PYOtherRevenueAmt04515601
IRS990/PYProgramServiceRevenueAmt06336669
IRS990/PYRevenuesLessExpensesAmt02326517
IRS990/PYSalariesCompEmpBnftPaidAmt03995099
IRS990/PYTotalExpensesAmt09928210
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012254727
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02007739
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt029869163
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt031571364
IRS990/SavingsAndTempCashInvstGrp/BOYAmt033013138
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030420817
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0242551
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01614255
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01856806
IRS990ScheduleD/EquipmentGrp/BookValueAmt01051502
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01377821
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02429323
IRS990ScheduleD/LandGrp/BookValueAmt0155000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0155000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0193269141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt058925393
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt141875933
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt25378
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31974037
IRS990ScheduleD/OtherSecuritiesGrp/Desc0U.S. FEDERAL AGENCY SECURITIES - AVAILABLE FOR SALE
IRS990ScheduleD/OtherSecuritiesGrp/Desc1U.S. FEDERAL AGENCY SECURITIES - HELD-TO-MATURITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc2RESIDENTIAL MORTGAGE BACKED SECURITIES- HELD-TO-MATURITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc3OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01449053
IRS990ScheduleD/TotalBookValueSecuritiesAmt0102780741
IRS990ScheduleD/TotalLiabilityAmt0193269141
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0224115
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount045000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0468
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt02360
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KENNETH SWANN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0271943
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS A MEMBER-OWNED COOPERATIVE THAT IS OWNED, MANAGED AND UTILIZED BY ITS MEMBER-OWNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOME GOVERNANCE DECISIONS ARE RESERVED FOR THE MEMBERS TO VOTE BUT MOST GOVERNANCE DECISIONS ARE MADE BY THE BOARD OF DIRECTORS, WHO ARE ELECTED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION OF OFFICERS AND HIGHEST COMPENSATED EMPLOYEES IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL & OUTSIDE SERVICES: TOTAL EXPENSES 1,379,478.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OCI ADJUSTMENT RELATED TO PENSION PLAN -144.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE TAXPAYER FILES ITS TAX RETURNS BASED ON A TAX YEAR ENDING DECEMBER 31. THE TAXPAYER DOES RECEIVE A GAAP AUDIT OF ITS FINANCIAL STATEMENTS BUT THE AUDIT IS BASED ON A JUNE 30 ACCOUNTING YEAR. ALL REQUIRED GAAP DISCLOSURES ARE MADE IN ITS AUDITED FINANCIAL STATEMENTS. THE TAXPAYER BASES ITS TAX RETURN ON ITS NCUA CERTIFIED DECEMBER 31 CALL REPORT.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9SUPPLEMENTAL INFORMATION: TAX YEAR VS. ACCOUNTING YEAR
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0226083455
IRS990/TotalAssetsEOYAmt0234582901
IRS990/TotalAssetsGrp/BOYAmt0226083455
IRS990/TotalAssetsGrp/EOYAmt0234582901
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt099
IRS990/TotalFunctionalExpensesGrp/TotalAmt09609356
IRS990/TotalGrossUBIAmt066852
IRS990/TotalLiabilitiesBOYAmt0187628475
IRS990/TotalLiabilitiesEOYAmt0194425720
IRS990/TotalLiabilitiesGrp/BOYAmt0187628475
IRS990/TotalLiabilitiesGrp/EOYAmt0194425720
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt038454980
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt040157181
IRS990/TotalOtherCompensationAmt07458
IRS990/TotalProgramServiceRevenueAmt06002435
IRS990/TotalReportableCompFromOrgAmt0476238
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011550243
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011617095
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt066852
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0226083455
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0234582901
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102678 MT MORIAH TERRACE COVE
IRS990/USAddress/City0MEMPHIS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$234,582,901
Liabilities
$194,425,720
Net assets
$40,157,181
Revenue
$11,617,095
Expenses
$9,609,356
Net income
$2,007,739
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$455$392$63.8$29.0$27.2$1.80
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$443$385$58.0$26.1$24.0$2.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$442$392$50.5$23.7$20.8$2.87
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$442$385$56.6$21.2$18.2$3.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$399$345$54.6$20.6$19.0$1.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$333$280$53.4$20.2$17.4$2.85
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$301$251$49.8$16.9$14.3$2.65
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$286$239$46.2$14.4$12.2$2.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$264$220$44.0$13.1$11.3$1.87
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$255$211$43.8$12.6$10.6$2.01
2014Detailed filing. Detailed filing data is available for this year.$245$203$41.7$12.0$9.94$2.11
2013Detailed filing. Detailed filing data is available for this year.$235$194$40.2$11.6$9.61$2.01
2012Summary only. Only limited summary data is available for this year.$226$188$38.5$12.3$9.93$2.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$227$190$37.3$10.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$220$185$35.4$11.5
Peer Organizations

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