Civic Intelligence

Brassies Credit Union

990 • Fiscal year 2013 • EIN 63-0337435

Jan 01, 2013 to Dec 31, 2013 • Filed on May 12, 2014

Organization Profile

View Organization Page

P O Box 122936202

(256) 831-7180

Siviq Scores

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

Liabilities / Assets

80th percentile

0.90x

Higher debt load relative to assets than 80% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

73rd percentile

23.37x

Higher debt load relative to revenue than 73% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Net Margin

2nd percentile

-106%

Higher net margin than 2% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

22nd percentile

$31,693

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Asset Growth

22nd percentile

-3.7%

Faster asset growth than 22% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

18th percentile

-12%

Faster revenue growth than 18% of similar nonprofits.

2013 filings • $5M-$10M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$7,292,048

Down $280,466 (-3.7%) from 2012

Net Assets

Up

$731,000

Up $731,000 from 2012

Liabilities

Down

$6,561,048

Down $1,011,466 (-13%) from 2012

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin2nd percentile

Revenue

Down

$280,794

Down $39,784 (-12%) from 2012

Expenses

Up

$577,578

Up $260,375 (+82%) from 2012

Net Income

Down

-$296,784

Down $300,159 (-8894%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$10M$5.0M$0Assets 2011: $8,277,743Liabilities 2011: $7,209,027Net Assets 2011: $1,068,7162011Assets 2012: $7,572,514Liabilities 2012: $7,572,514Net Assets 2012: $02012Assets 2013: $7,292,048Liabilities 2013: $6,561,048Net Assets 2013: $731,0002013Assets 2014: $6,079,262Liabilities 2014: $5,262,734Net Assets 2014: $816,5282014Assets 2015: $5,472,285Liabilities 2015: $4,644,991Net Assets 2015: $827,2942015Assets 2016: $5,290,580Liabilities 2016: $4,444,689Net Assets 2016: $845,8912016Assets 2017: $4,455,676Liabilities 2017: $3,662,211Net Assets 2017: $793,4652017Assets 2018: $4,042,758Liabilities 2018: $3,327,570Net Assets 2018: $715,1882018Assets 2019: $3,682,008Liabilities 2019: $3,005,425Net Assets 2019: $676,5832019

Highlighted filing

2013

Assets$7,292,048
Liabilities$6,561,048
Net Assets$731,000
Open 2013 Filing

Operations Trend

Revenue Growth18th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $365,542Expenses 2011: $323,985Net Income 2011: $41,5572011Revenue 2012: $320,578Expenses 2012: $317,203Net Income 2012: $3,3752012Revenue 2013: $280,794Expenses 2013: $577,578Net Income 2013: -$296,7842013Revenue 2014: $218,917Expenses 2014: $133,389Net Income 2014: $85,5282014Revenue 2015: $217,778Expenses 2015: $207,013Net Income 2015: $10,7652015Revenue 2016: $207,743Expenses 2016: $189,146Net Income 2016: $18,5972016Revenue 2017: $213,511Expenses 2017: $265,937Net Income 2017: -$52,4262017Revenue 2018: $199,618Expenses 2018: $277,895Net Income 2018: -$78,2772018Revenue 2019: $201,393Expenses 2019: $239,998Net Income 2019: -$38,6052019

Highlighted filing

2013

Revenue$280,794
Expenses$577,578
Net Income-$296,784
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 12, 2014
Return Version
2013v3.1
Gross Receipts
$280,794
Mission and Program Overview

Mission

Credit Union - To provide services for approximately 614 members in the form of loans, checking and savings accounts, and other financial services.

Credit union-to provide services for approximately 750 members in the form of loans, savings, and other financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$413,883$2,418,752▲ $2,004,869
Accounts Receivable$3,551,590$2,179,535▼ $1,372,055
Investments Other Securities-$1,870,000-
Savings and Temporary Cash Investments$3,574,319$750,000▼ $2,824,319
Cap Stk Tr Prin Current Funds$780,000$620,000▼ $160,000
Rtn Earn Endowment Incm Other Fnds$247,784$111,000▼ $136,784
Prepaid Expenses and Deferred Charges$1,046$1,614▲ $568
Land, Buildings, and Equipment, Net$1,866$821▼ $1,045
Total Assets$7,572,513$7,292,048▼ $280,465
Other Assets Total$29,809$71,326▲ $41,517
Liabilities
Other Liabilities$6,544,729$6,540,106▼ $4,623
Accounts Payable and Accrued Expenses-$20,942-
Total Liabilities$6,544,729$6,561,048▲ $16,319
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,027,784$731,000▼ $296,784
Total Liabilities and Net Assets / Fund Balance$7,572,513$7,292,048▼ $280,465

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$821$1,405$2,226
Other Securities$170,000--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hakari K Draco SweatCEO/managerFT$27,652$4,041$31,693
Ryan D MillerCEO/managerFT$3,600$511$4,111

Board Members and Trustees

NameTitle
Sandra K FosterBoard Chairp
Debbie J FergusonBoard Member
Lance Nichols JrBoard Member
Richard RayBoard Vice C
Judy VinsonCredit Comm
Richard BarnhillCredit Comm
Peggy H VickersSecretary
James H YoungSupervisor C
Richard E Couch JrSupervisory
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$264,038
Investment Income
$16,461
Other Revenue
$295
Change in Net Assets
$-296,784
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$501,691
Salaries, Compensation, and Employee Benefits$75,887
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$67,491-$67,491
Office Expenses-$41,765-$41,765
Interest-$39,210-$39,210
All Other Expenses-$13,162-$13,162
Other Expenses-$9,476-$9,476
Other Employee Benefits-$5,481-$5,481
Payroll Taxes-$2,915-$2,915
Conferences and Meetings-$340-$340
Total Functional Expenses$0$577,578$0$577,578
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
Regular Shares$6,192,523
All Other Shares$347,583
Other Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 6

“The credit union is owned by the members.”

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

“The board of directors is elected by the membership (one member, one vote). All duties, powers, and responsibilities are controlled by the board of directors. The members elect the boaerd of directors at the annual meeting every year.”

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

“Some decisions made by the board of directors are affirmed by the members.”

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

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

Form 990, Page 6, Part VI, Line 19

“Financial documents are posted in the credit union lobby by the 15th of the subsequent month.”

Filing and Contact Details

Filer

EIN
63-0337435
Phone
2568317180

Signing Officer

Name
Ryan Miller
Title
President/CEO
Phone
2568317180
Signed
2014-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Miller
Formed
1954
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
9

Preparer

Preparer
Keith Mcmurtrie
Phone
8505581102
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Hours of service are related to duties of the board of directors, supervisory committee, and credit committee without compensation.”

Form 990, Page 5, Part V, Line 3B

“The credit does not have any unrelated trade or business income.”

Form 990, Part XII

“Annual agreed upon procedures are performed by an independent auditor.”

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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01405
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06192523
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1347583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01700000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1170000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORPORATE CU PAID-IN CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0821
IRS990ScheduleD/TotalBookValueSecuritiesAmt01870000
IRS990ScheduleD/TotalLiabilityAmt06540106
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS, SUPERVISORY COMMITTEE, AND CREDIT COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT DOES NOT HAVE ANY UNRELATED TRADE OR BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOAERD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07572513
IRS990/TotalAssetsEOYAmt07292048
IRS990/TotalAssetsGrp/BOYAmt07572513
IRS990/TotalAssetsGrp/EOYAmt07292048
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0577578
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0577578
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06544729
IRS990/TotalLiabilitiesEOYAmt06561048
IRS990/TotalLiabilitiesGrp/BOYAmt06544729
IRS990/TotalLiabilitiesGrp/EOYAmt06561048
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01027784
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0731000
IRS990/TotalOtherCompensationAmt04552
IRS990/TotalProgramServiceExpensesAmt0616728
IRS990/TotalProgramServiceRevenueAmt0264038
IRS990/TotalReportableCompFromOrgAmt031252
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0280794
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0280794
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07572513
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07292048
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10P O BOX 1229
IRS990/USAddress/City0ANNISTON
IRS990/USAddress/State0AL
IRS990/USAddress/ZIPCode036202
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RYAN MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02568317180
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10BRASSIES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0BRAS
ReturnHeader/Filer/EIN0630337435
ReturnHeader/Filer/PhoneNum02568317180
ReturnHeader/Filer/USAddress/AddressLine10P O BOX 1229
ReturnHeader/Filer/USAddress/City0ANNISTON
ReturnHeader/Filer/USAddress/State0AL
ReturnHeader/Filer/USAddress/ZIPCode036202
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10LEVERAGE THE LSCU SERVICE CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine103773 COMMONWEALTH BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0323033175
ReturnHeader/PreparerPersonGrp/PhoneNum08505581102
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEITH MCMURTRIE
ReturnHeader/ReturnTs02014-05-15T16:38:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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
$7,292,048
Liabilities
$6,561,048
Net assets
$731,000
Revenue
$280,794
Expenses
$577,578
Net income
-$296,784
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$3.68$3.01$0.68$0.20$0.24$0.04
2018Detailed filing. Detailed filing data is available for this year.$4.04$3.33$0.72$0.20$0.28$0.08
2017Detailed filing. Detailed filing data is available for this year.$4.46$3.66$0.79$0.21$0.27$0.05
2016Detailed filing. Detailed filing data is available for this year.$5.29$4.44$0.85$0.21$0.19$0.02
2015Detailed filing. Detailed filing data is available for this year.$5.47$4.64$0.83$0.22$0.21$0.01
2014Detailed filing. Detailed filing data is available for this year.$6.08$5.26$0.82$0.22$0.13$0.09
2013Detailed filing. Detailed filing data is available for this year.$7.29$6.56$0.73$0.28$0.58$0.30
2012Summary only. Only limited summary data is available for this year.$7.57$7.57$0.00$0.32$0.32$0.00
2011Summary only. Only limited summary data is available for this year.$8.28$7.21$1.07$0.37$0.32$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)14 • $5M-$10M nonprofits