Civic Intelligence

Instep Credit Union

EIN 72-0456989 • 501(c)14 • New Orleans, LA

Profile

To encourage thrift among its members, creating a source of credit at fair and reasonable rates of interest, providing other financial services, and providing an opportunity for its members to use and control their own money on a democratic basis.

400 Russell Ave Bldg 509New Orleans, LA 70143-5999

www.nasjrb.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.84x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

10th percentile

9.73x

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

501(c)14 • $25M-$50M nonprofits • Source year 2022

Net Margin

47th percentile

8.7%

Higher net margin than 47% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

55th percentile

0.5%

Faster asset growth than 55% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

29th percentile

1.4%

Faster revenue growth than 29% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$49,616,390

Up $230,806 (+0.5%) from 2021

Liabilities

Down

$41,796,711

Down $141,840 (-0.3%) from 2021

Net Assets

Up

$7,819,679

Up $372,646 (+5.0%) from 2021

Revenue

Up

$4,296,522

Up $59,392 (+1.4%) from 2021

Expenses

Up

$3,923,876

Up $460,799 (+13%) from 2021

Net Income

Down

$372,646

Down $401,407 (-52%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $35,115,149Liabilities 2010: $32,503,479Net Assets 2010: $2,611,6702010Assets 2011: $31,822,514Liabilities 2011: $29,443,102Net Assets 2011: $2,379,4122011Assets 2012: $30,393,476Liabilities 2012: $27,874,773Net Assets 2012: $2,518,7032012Assets 2013: $28,285,307Liabilities 2013: $25,756,650Net Assets 2013: $2,528,6572013Assets 2014: $27,937,418Liabilities 2014: $25,490,348Net Assets 2014: $2,447,0702014Assets 2015: $27,896,884Liabilities 2015: $25,477,911Net Assets 2015: $2,418,9732015Assets 2016: $29,226,430Liabilities 2016: $26,555,723Net Assets 2016: $2,670,7072016Assets 2017: $29,775,128Liabilities 2017: $26,760,353Net Assets 2017: $3,014,7752017Assets 2018: $29,852,004Liabilities 2018: $26,629,952Net Assets 2018: $3,222,0522018Assets 2019: $36,955,865Liabilities 2019: $31,458,130Net Assets 2019: $5,497,7352019Assets 2020: $42,768,365Liabilities 2020: $36,095,385Net Assets 2020: $6,672,9802020Assets 2021: $49,385,584Liabilities 2021: $41,938,551Net Assets 2021: $7,447,0332021Assets 2022: $49,616,390Liabilities 2022: $41,796,711Net Assets 2022: $7,819,6792022

Highlighted filing

2022

Assets$49,616,390
Liabilities$41,796,711
Net Assets$7,819,679

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,707,5112010Expenses 2011: $2,546,8682011Expenses 2012: $2,203,2352012Revenue 2013: $2,349,985Expenses 2013: $2,340,031Net Income 2013: $9,9542013Revenue 2014: $2,337,126Expenses 2014: $2,418,713Net Income 2014: -$81,5872014Revenue 2015: $2,337,593Expenses 2015: $2,365,690Net Income 2015: -$28,0972015Revenue 2016: $2,387,980Expenses 2016: $2,136,246Net Income 2016: $251,7342016Revenue 2017: $2,630,516Expenses 2017: $2,286,448Net Income 2017: $344,0682017Revenue 2018: $2,959,239Expenses 2018: $2,751,962Net Income 2018: $207,2772018Revenue 2019: $3,643,376Expenses 2019: $3,125,186Net Income 2019: $518,1902019Revenue 2020: $4,143,620Expenses 2020: $2,968,375Net Income 2020: $1,175,2452020Revenue 2021: $4,237,130Expenses 2021: $3,463,077Net Income 2021: $774,0532021Revenue 2022: $4,296,522Expenses 2022: $3,923,876Net Income 2022: $372,6462022

Highlighted filing

2022

Revenue$4,296,522
Expenses$3,923,876
Net Income$372,646

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$49.6$41.8$7.82$4.30$3.92$0.37
2021Detailed filing. Detailed filing data is available for this year.$49.4$41.9$7.45$4.24$3.46$0.77
2020Detailed filing. Detailed filing data is available for this year.$42.8$36.1$6.67$4.14$2.97$1.18
2019Detailed filing. Detailed filing data is available for this year.$37.0$31.5$5.50$3.64$3.13$0.52
2018Detailed filing. Detailed filing data is available for this year.$29.9$26.6$3.22$2.96$2.75$0.21
2017Detailed filing. Detailed filing data is available for this year.$29.8$26.8$3.01$2.63$2.29$0.34
2016Detailed filing. Detailed filing data is available for this year.$29.2$26.6$2.67$2.39$2.14$0.25
2015Detailed filing. Detailed filing data is available for this year.$27.9$25.5$2.42$2.34$2.37$0.03
2014Detailed filing. Detailed filing data is available for this year.$27.9$25.5$2.45$2.34$2.42$0.08
2013Detailed filing. Detailed filing data is available for this year.$28.3$25.8$2.53$2.35$2.34$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.4$27.9$2.52$2.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.8$29.4$2.38$2.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.1$32.5$2.61$2.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 23, 2023
Return Version
2022v5.0
Gross Receipts
$4,296,522
Mission and Program Overview

Mission

To encourage thrift among it's members, creating a source of credit at fair and reasonable rates of interest, providing other financial services, and providing an opportunity for its members to use and control their own money on a democratic basis.

To encourage thrift among its members, creating a source of credit at fair and reasonable rates of interest, providing other financial services, and providing an opportunity for its members to use and control their own money on a democratic basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$32,945,336$34,534,393▲ $1,589,057
Savings and Temporary Cash Investments$12,933,130$8,893,301▼ $4,039,829
Land, Buildings, and Equipment, Net$1,606,635$4,528,310▲ $2,921,675
Cash and Non-Interest-Bearing Accounts$899,118$775,249▼ $123,869
Prepaid Expenses and Deferred Charges$194,939$202,068▲ $7,129
Accounts Receivable$341,734$161,182▼ $180,552
Total Assets$49,385,584$49,616,390▲ $230,806
Other Assets Total$464,692$521,887▲ $57,195
Liabilities
Other Liabilities$41,610,915$41,782,779▲ $171,864
Accounts Payable and Accrued Expenses$327,636$13,932▼ $313,704
Total Liabilities$41,938,551$41,796,711▼ $141,840
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,447,033$7,819,679▲ $372,646
Total Net Assets Fund Balance$7,447,033$7,819,679▲ $372,646
Total Liabilities and Net Assets / Fund Balance$49,385,584$49,616,390▲ $230,806

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$311,688$339,401-
Leasehold Improvements$4,216,622$800,504-
Other Assets Org$112--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Helen DelinPresident & CEOFT$145,282$145,282
Joyce KelleyChief Financial OfficerFT$75,874$75,874

Board Members and Trustees

NameTitle
Emanuel StevensonChairman
Steven NelsonVice Chairman
Jesse HasemkampfDirector
Nancy WolfeDirector
Sasha SandersDirector
Tami PrineSecretary
Ronald MelnykTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$92,368
Other Revenue
$4,204,154
Change in Net Assets
$372,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,564,144
Salaries, Compensation, and Employee Benefits$1,359,732
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,055,950
All Other Expenses---$595,082
Advertising---$194,729
Other Expenses$194,342--$194,342
Other Employee Benefits---$153,266
Fees for Services Legal---$138,843
Payroll Taxes---$95,474
Conferences and Meetings---$95,115
Depreciation Depletion---$93,922
Interest---$65,789
Pension Plan Contributions---$55,042
Fees for Services Accounting---$44,918
Fees for Services Other---$41,071
Office Expenses---$41,001
Occupancy---$30,750
Total Functional Expenses$0$0$0$3,923,876
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$41,782,779
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Active duty and active reserve members of the military; retirees of the military ; federal civil service employees; credit union employees; Plaquemines Parish residents; and immediate families of these groups.

Member election for additional members Part VI line 7A

Members vote to seat Board of Directors. Board of Directors are charged with governing the Credit Union.

Form 990 governing body review Part VI line 11

CPA firm hired to prepare Form 990. Management reviews 990 prior to filing.

Conflict of interest policy compliance Part VI line 12C

Annual review of policy and requirements with officers, directors, and key employees.

Other officer or key employee compensation Part VI line 15B

Board of Directors reviews comparability data and CUNA compensation data for determining compensation of CEO.

Governing documents etc available to public Part VI line 19

The Organization makes governing documents, policies, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
INSTEP Credit Union
EIN
72-0456989
Address
400 Russell Ave Bldg 509, New Orleans, LA 70143-5999

Signing Officer

Name
Helen Delin
Title
CEO
Phone
5046783563
Signed
2023-06-23
Discuss with paid preparer
Yes

Organization Details

Formed
1948
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
33

Preparer

Firm
Griffin and Company LLC
Address
P O Box 983, Mandeville, LA 70470
Preparer
Stephen M Griffin CPA
Phone
9857279924
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Other change in net assets is the net assets acquired through a merger deal.

List of other expenses Part IX line 24E

See Overflow Statement for a list of other expenses.

Raw XML Appendix371 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/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt220186
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04063662
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1120306
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt220186
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt017049
IRS990/OtherRevenueTotalAmt04204154
IRS990/OtherSalariesAndWagesGrp/TotalAmt01055950
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt032945336
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt034534393
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt095474
IRS990/PensionPlanContributionsGrp/TotalAmt055042
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0194939
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0202068
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt020433
IRS990/PYOtherExpensesAmt02281100
IRS990/PYOtherRevenueAmt04216697
IRS990/PYRevenuesLessExpensesAmt0774053
IRS990/PYSalariesCompEmpBnftPaidAmt01181977
IRS990/PYTotalExpensesAmt03463077
IRS990/PYTotalRevenueAmt04237130
IRS990/ReconcilationRevenueExpnssAmt0372646
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012933130
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08893301
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04216622
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0800504
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt05017126
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0428428
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt193347
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2112
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NCUSIF
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Accrued Income - Loans
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Accrued Income - Certificates
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0311688
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0339401
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0651089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041782779
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04528310
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0521887
IRS990ScheduleD/TotalLiabilityAmt041782779
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Active duty and active reserve members of the military; retirees of the military ; federal civil service employees; credit union employees; Plaquemines Parish residents; and immediate families of these groups.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote to seat Board of Directors. Board of Directors are charged with governing the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CPA firm hired to prepare Form 990. Management reviews 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annual review of policy and requirements with officers, directors, and key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board of Directors reviews comparability data and CUNA compensation data for determining compensation of CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes governing documents, policies, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other change in net assets is the net assets acquired through a merger deal.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7See Overflow Statement for a list of other expenses.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt049385584
IRS990/TotalAssetsEOYAmt049616390
IRS990/TotalAssetsGrp/BOYAmt049385584
IRS990/TotalAssetsGrp/EOYAmt049616390
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt033
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03923876
IRS990/TotalGrossUBIAmt017049
IRS990/TotalLiabilitiesBOYAmt041938551
IRS990/TotalLiabilitiesEOYAmt041796711
IRS990/TotalLiabilitiesGrp/BOYAmt041938551
IRS990/TotalLiabilitiesGrp/EOYAmt041796711
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07447033
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07819679
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03923874
IRS990/TotalReportableCompFromOrgAmt0221156
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04279473
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04296522
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt017049
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt049385584
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt049616390
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.nasjrb.org
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Helen Delin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05046783563
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSTEP Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0INST
ReturnHeader/Filer/EIN0720456989
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 Russell Ave Bldg 509
ReturnHeader/Filer/USAddress/CityNm0New Orleans
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd0701435999
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721506949
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Griffin and Company LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 983
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mandeville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070470
ReturnHeader/PreparerPersonGrp/PhoneNum09857279924
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen M Griffin CPA
ReturnHeader/ReturnTs02023-07-03T09:29:38-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Helen
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Delin
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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