Civic Intelligence

Brazos Star Credit Union

990 • Fiscal year 2019 • EIN 74-1465415

Jan 01, 2019 to Dec 31, 2019 • Filed on May 19, 2020

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

54th percentile

0.87x

Higher debt load relative to assets than 54% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

22.87x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Net Margin

97th percentile

35%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

45th percentile

$101,984

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Asset Growth

86th percentile

7.4%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

9.1%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$27,746,378

Up $1,919,334 (+7.4%) from 2018

Net Assets

Up

$3,499,367

Up $367,362 (+12%) from 2018

Liabilities

Up

$24,247,011

Up $1,551,972 (+6.8%) from 2018

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin97th percentile

Revenue

Up

$1,060,008

Up $88,056 (+9.1%) from 2018

Expenses

Down

$692,646

Down $93,012 (-12%) from 2018

Net Income

Up

$367,362

Up $181,068 (+97%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2019

Assets$27,746,378
Liabilities$24,247,011
Net Assets$3,499,367
Open 2019 Filing

Operations Trend

Revenue Growth69th 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

2019

Revenue$1,060,008
Expenses$692,646
Net Income$367,362
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 19, 2020
Return Version
2019v5.0
Gross Receipts
$1,068,637
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$12,521,252$15,227,956▲ $2,706,704
Other Notes and Loans Receivable, Net$11,735,251$10,889,537▼ $845,714
Rtn Earn Endowment Incm Other Fnds$3,132,005$3,499,367▲ $367,362
Land, Buildings, and Equipment, Net$907,387$894,532▼ $12,855
Cash and Non-Interest-Bearing Accounts$278,698$338,121▲ $59,423
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$25,827,044$27,746,378▲ $1,919,334
Other Assets Total$326,456$338,232▲ $11,776
Liabilities
Other Liabilities$22,553,416$24,050,683▲ $1,497,267
Accounts Payable and Accrued Expenses$141,623$196,328▲ $54,705
Total Liabilities$22,695,039$24,247,011▲ $1,551,972
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,132,005$3,499,367▲ $367,362
Total Liabilities and Net Assets / Fund Balance$25,827,044$27,746,378▲ $1,919,334

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$511,452$120,174$631,626
Land$383,080-$383,080
Equipment-$251,196$251,196
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mary Beth BorroniPresident/CEOFT$101,984$101,984

Board Members and Trustees

NameTitle
Pat BuckChairman
Fred BingamanVice Chairman
Jubal HancockAsst Secy
Ted PeabodyAsst Treasurer
Bill McGuireMember
Linda JeffressSecretary
Ron WeimanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$741,276
Investment Income
$315,122
Other Revenue
$3,610
Change in Net Assets
$367,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$415,977
Salaries, Compensation, and Employee Benefits$276,669
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$152,617
Current Officers, Directors, Trustees, and Key Employees---$101,984
Fees for Services Other---$94,898
Office Expenses---$92,689
Interest---$81,629
Occupancy---$59,572
Other Employee Benefits---$22,068
Advertising---$8,024
Other Expenses---$6,306
Travel---$1,568
All Other Expenses---$-61,202
Total Functional Expenses$0$0$0$692,646
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member accounts$24,036,002
other liabilities$14,681
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
2020-05-19
Discuss with paid preparer
Yes

Organization Details

Formed
1961
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
14

Preparer

Firm
Thompson Derrig & Craig PC
Address
1598 Copperfield Pkwy, College Station, TX 77845-4674
Preparer
Jacquelyn Kuciemba CPA
Phone
9792609696
Raw XML Appendix376 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/PYOtherExpensesAmt0505670
IRS990/PYOtherRevenueAmt0849
IRS990/PYProgramServiceRevenueAmt0744544
IRS990/PYRevenuesLessExpensesAmt0186294
IRS990/PYSalariesCompEmpBnftPaidAmt0279988
IRS990/PYTotalExpensesAmt0785658
IRS990/PYTotalRevenueAmt0971952
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0367362
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03132005
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03499367
IRS990/SavingsAndTempCashInvstGrp/BOYAmt058000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt058000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0511452
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0120174
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0631626
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0251196
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0251196
IRS990ScheduleD/LandGrp/BookValueAmt0383080
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0383080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024036002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114681
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1other liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0894532
IRS990ScheduleD/TotalBookValueSecuritiesAmt015227956
IRS990ScheduleD/TotalLiabilityAmt024050683
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025827044
IRS990/TotalAssetsEOYAmt027746378
IRS990/TotalAssetsGrp/BOYAmt025827044
IRS990/TotalAssetsGrp/EOYAmt027746378
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0692646
IRS990/TotalGrossUBIAmt03610
IRS990/TotalLiabilitiesBOYAmt022695039
IRS990/TotalLiabilitiesEOYAmt024247011
IRS990/TotalLiabilitiesGrp/BOYAmt022695039
IRS990/TotalLiabilitiesGrp/EOYAmt024247011
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03132005
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03499367
IRS990/TotalProgramServiceExpensesAmt0692646
IRS990/TotalProgramServiceRevenueAmt0741276
IRS990/TotalReportableCompFromOrgAmt0101984
IRS990/TotalRevenueGrp/ExclusionAmt0315122
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0741276
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01060008
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03610
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025827044
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027746378
IRS990/TravelGrp/TotalAmt01568
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0701 Harvey Road
IRS990/USAddress/CityNm0College Station
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077840
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.fedstarcu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mary Beth Borroni
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-19
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/PreparerFirmEIN0742581874
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Thompson Derrig & Craig PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01598 Copperfield Pkwy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0College Station
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0778454674
ReturnHeader/PreparerPersonGrp/PhoneNum09792609696
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jacquelyn Kuciemba CPA
ReturnHeader/ReturnTs02020-05-19T10:38:40-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,746,378
Liabilities
$24,247,011
Net assets
$3,499,367
Revenue
$1,060,008
Expenses
$692,646
Net income
$367,362
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