Civic Intelligence

Brazos Star Credit Union

990 • Fiscal year 2014 • EIN 74-1465415

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

Organization Profilewww.fedstarcu.com
701 Harvey RoadCollege Station, TX 77840

(979) 846-7456

Siviq Scores

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

Liabilities / Assets

69th percentile

0.90x

Higher debt load relative to assets than 69% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

31.29x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

78th percentile

14%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

35th percentile

$84,522

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

50th percentile

1.6%

Faster asset growth than 50% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

38th percentile

-2.2%

Faster revenue growth than 38% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$25,286,495

Up $403,201 (+1.6%) from 2013

Net Assets

Up

$2,595,898

Up $104,273 (+4.2%) from 2013

Liabilities

Up

$22,690,597

Up $298,928 (+1.3%) from 2013

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin78th percentile

Revenue

Down

$725,163

Down $16,314 (-2.2%) from 2013

Expenses

Down

$620,890

Down $74,391 (-11%) from 2013

Net Income

Up

$104,273

Up $58,077 (+126%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$40M$30M$20M$10M$0Assets 2010: $18,317,803Liabilities 2010: $16,108,388Net Assets 2010: $2,209,4152010Assets 2011: $20,502,369Liabilities 2011: $18,164,696Net Assets 2011: $2,337,6732011Assets 2012: $23,610,231Liabilities 2012: $21,164,802Net Assets 2012: $2,445,4292012Assets 2013: $24,883,294Liabilities 2013: $22,391,669Net Assets 2013: $2,491,6252013Assets 2014: $25,286,495Liabilities 2014: $22,690,597Net Assets 2014: $2,595,8982014Assets 2015: $26,962,135Liabilities 2015: $24,160,531Net Assets 2015: $2,801,6042015Assets 2016: $25,351,139Liabilities 2016: $22,395,256Net Assets 2016: $2,955,8832016Assets 2017: $26,229,764Liabilities 2017: $23,284,053Net Assets 2017: $2,945,7112017Assets 2018: $25,827,044Liabilities 2018: $22,695,039Net Assets 2018: $3,132,0052018Assets 2019: $27,746,378Liabilities 2019: $24,247,011Net Assets 2019: $3,499,3672019Assets 2020: $30,204,972Liabilities 2020: $26,432,079Net Assets 2020: $3,772,8932020Assets 2021: $33,146,750Liabilities 2021: $29,098,044Net Assets 2021: $4,048,7062021Assets 2022: $34,065,082Liabilities 2022: $29,678,357Net Assets 2022: $4,386,7252022Assets 2023: $33,794,454Liabilities 2023: $29,189,407Net Assets 2023: $4,605,0472023Assets 2024: $34,501,355Liabilities 2024: $29,651,908Net Assets 2024: $4,849,4472024

Highlighted filing

2014

Assets$25,286,495
Liabilities$22,690,597
Net Assets$2,595,898
Open 2014 Filing

Operations Trend

Revenue Growth38th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $937,5612010Expenses 2011: $752,9852011Revenue 2012: $846,547Expenses 2012: $738,791Net Income 2012: $107,7562012Revenue 2013: $741,477Expenses 2013: $695,281Net Income 2013: $46,1962013Revenue 2014: $725,163Expenses 2014: $620,890Net Income 2014: $104,2732014Revenue 2015: $860,437Expenses 2015: $654,731Net Income 2015: $205,7062015Revenue 2016: $950,704Expenses 2016: $796,425Net Income 2016: $154,2792016Revenue 2017: $913,033Expenses 2017: $923,205Net Income 2017: -$10,1722017Revenue 2018: $971,952Expenses 2018: $785,658Net Income 2018: $186,2942018Revenue 2019: $1,060,008Expenses 2019: $692,646Net Income 2019: $367,3622019Revenue 2020: $1,050,347Expenses 2020: $774,801Net Income 2020: $275,5462020Revenue 2021: $984,136Expenses 2021: $708,323Net Income 2021: $275,8132021Revenue 2022: $1,125,854Expenses 2022: $787,835Net Income 2022: $338,0192022Revenue 2023: $1,140,474Expenses 2023: $922,152Net Income 2023: $218,3222023Revenue 2024: $1,420,643Expenses 2024: $1,176,243Net Income 2024: $244,4002024

Highlighted filing

2014

Revenue$725,163
Expenses$620,890
Net Income$104,273
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$732,928
Mission and Program Overview

Mission

Credit Union serving the cooperative financial needs of consumers in our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$15,418,432$14,595,379▼ $823,053
Other Notes and Loans Receivable, Net$7,967,226$9,147,130▲ $1,179,904
Rtn Earn Endowment Incm Other Fnds$2,491,625$2,595,898▲ $104,273
Land, Buildings, and Equipment, Net$986,606$963,671▼ $22,935
Cash and Non-Interest-Bearing Accounts$173,009$194,990▲ $21,981
Savings and Temporary Cash Investments$58,000$58,000→ $0
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$24,883,294$25,286,495▲ $403,201
Other Assets Total$280,021$327,325▲ $47,304
Liabilities
Other Liabilities$22,252,607$22,342,161▲ $89,554
Accounts Payable and Accrued Expenses$139,062$348,436▲ $209,374
Total Liabilities$22,391,669$22,690,597▲ $298,928
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,491,625$2,595,898▲ $104,273
Total Liabilities and Net Assets / Fund Balance$24,883,294$25,286,495▲ $403,201

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$575,727$55,899$631,626
Land$383,080-$383,080
Equipment$4,864$245,301$250,165
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mary Beth BorroniPresident/CEOFT$84,522$84,522
Penny KornegayOffice ManagerFT$55,042$55,042

Board Members and Trustees

NameTitle
James MallettChairman
Pat BuckVice Chairman
Linda RichardsonDirector
Dan R KroppAsst Secy
Ron WeimanAsst Treas
Nancy GranovskySecretary
Carl AndersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$560,052
Investment Income
$164,186
Other Revenue
$925
Change in Net Assets
$104,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$383,254
Salaries, Compensation, and Employee Benefits$237,636
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$139,564
Office Expenses---$113,582
Other Salaries and Wages---$79,830
Fees for Services Other---$63,483
Occupancy---$35,916
Advertising---$30,666
Interest---$27,933
Depreciation Depletion---$22,935
All Other Expenses---$20,607
Other Employee Benefits---$18,242
Other Expenses---$7,778
Travel---$5,638
Insurance---$-4,000
Total Functional Expenses$0$0$0$620,890
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member accounts$22,342,161
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Members are account holders at the credit union.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A copy of the 990 was provided to each member of the governing body for review.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members are reminded periodically to disclose possible conflicts.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Board reviews executive compensation at least annually.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Board reviews key employee compensation at least annually.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents and information returns are available upon request.”

Filing and Contact Details

Filer

Filer Name
Fedstar Credit Union
EIN
74-1465415
Phone
9798467456
Address
701 Harvey Road, College Station, TX 77840

Signing Officer

Name
Mary Beth Borroni
Title
CEO
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1961
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
9

Preparer

Firm
Thompson Derrig & Craig PC
Address
4500 Carter Creek Suite 201, Bryan, TX 77802-4456
Preparer
Durwood Thompson JrCPA CFP
Phone
9792609696
Raw XML Appendix395 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/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fees
IRS990/ProgramServiceRevenueGrp/Desc1Interest on Credit Cards
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0133786
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt185662
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2340604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0133786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt185662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2340604
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0157312
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0441788
IRS990/PYOtherRevenueAmt0149
IRS990/PYProgramServiceRevenueAmt0584016
IRS990/PYRevenuesLessExpensesAmt046196
IRS990/PYSalariesCompEmpBnftPaidAmt0253493
IRS990/PYTotalExpensesAmt0695281
IRS990/PYTotalRevenueAmt0741477
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0104273
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0725163
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02491625
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02595898
IRS990/SavingsAndTempCashInvstGrp/BOYAmt058000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt058000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0575727
IRS990ScheduleD/BuildingsGrp/DepreciationAmt055899
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0631626
IRS990ScheduleD/EquipmentGrp/BookValueAmt04864
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0245301
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0250165
IRS990ScheduleD/LandGrp/BookValueAmt0383080
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0383080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022342161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0963671
IRS990ScheduleD/TotalBookValueSecuritiesAmt014595379
IRS990ScheduleD/TotalLiabilityAmt022342161
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members are account holders at the credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the 990 was provided to each member of the governing body for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are reminded periodically to disclose possible conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board reviews executive compensation at least annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board reviews key employee compensation at least annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents and information returns are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024883294
IRS990/TotalAssetsEOYAmt025286495
IRS990/TotalAssetsGrp/BOYAmt024883294
IRS990/TotalAssetsGrp/EOYAmt025286495
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0620890
IRS990/TotalGrossUBIAmt0925
IRS990/TotalLiabilitiesBOYAmt022391669
IRS990/TotalLiabilitiesEOYAmt022690597
IRS990/TotalLiabilitiesGrp/BOYAmt022391669
IRS990/TotalLiabilitiesGrp/EOYAmt022690597
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02491625
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02595898
IRS990/TotalProgramServiceExpensesAmt0620890
IRS990/TotalProgramServiceRevenueAmt0560052
IRS990/TotalReportableCompFromOrgAmt0139564
IRS990/TotalRevenueGrp/ExclusionAmt0164186
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0560052
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0725163
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0925
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024883294
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025286495
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt05638
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.fedstarcu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mary Beth Borroni
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fedstar Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0FEDS
ReturnHeader/Filer/EIN0741465415
ReturnHeader/Filer/PhoneNum09798467456
ReturnHeader/Filer/USAddress/AddressLine1Txt0701 Harvey Road
ReturnHeader/Filer/USAddress/CityNm0College Station
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Thompson Derrig & Craig PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04500 Carter Creek Suite 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bryan
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0778024456
ReturnHeader/PreparerPersonGrp/PhoneNum09792609696
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Durwood Thompson JrCPA CFP
ReturnHeader/ReturnTs02015-05-14T08:15:01-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,286,495
Liabilities
$22,690,597
Net assets
$2,595,898
Revenue
$725,163
Expenses
$620,890
Net income
$104,273
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.5$29.7$4.85$1.42$1.18$0.24
2023Detailed filing. Detailed filing data is available for this year.$33.8$29.2$4.61$1.14$0.92$0.22
2022Detailed filing. Detailed filing data is available for this year.$34.1$29.7$4.39$1.13$0.79$0.34
2021Detailed filing. Detailed filing data is available for this year.$33.1$29.1$4.05$0.98$0.71$0.28
2020Detailed filing. Detailed filing data is available for this year.$30.2$26.4$3.77$1.05$0.77$0.28
2019Detailed filing. Detailed filing data is available for this year.$27.7$24.2$3.50$1.06$0.69$0.37
2018Detailed filing. Detailed filing data is available for this year.$25.8$22.7$3.13$0.97$0.79$0.19
2017Detailed filing. Detailed filing data is available for this year.$26.2$23.3$2.95$0.91$0.92$0.01
2016Detailed filing. Detailed filing data is available for this year.$25.4$22.4$2.96$0.95$0.80$0.15
2015Detailed filing. Detailed filing data is available for this year.$27.0$24.2$2.80$0.86$0.65$0.21
2014Detailed filing. Detailed filing data is available for this year.$25.3$22.7$2.60$0.73$0.62$0.10
2013Detailed filing. Detailed filing data is available for this year.$24.9$22.4$2.49$0.74$0.70$0.05
2012Summary only. Only limited summary data is available for this year.$23.6$21.2$2.45$0.85$0.74$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$18.2$2.34$0.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$16.1$2.21$0.94