Civic Intelligence

Pegasus Credit Union

EIN 75-0821781 • 501(c)14 • Dallas, TX

Profile

Cooperative provider of credit union financial services

1201 Elm StDallas, TX 75270-2000

www.pegasusccu.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2016

Net Margin

99th percentile

894%

Higher net margin than 99% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Assets

Down

$0

Down $201,205,996 (-100%) from 2015

Liabilities

Down

$0

Down $178,501,454 (-100%) from 2015

Net Assets

Down

$0

Down $22,704,542 (-100%) from 2015

Revenue

Down

-$351,182

Down $9,750,199 (-104%) from 2015

Expenses

Down

$2,789,245

Down $6,428,403 (-70%) from 2015

Net Income

Down

-$3,140,427

Down $3,321,796 (-1832%) from 2015

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $197,531,216Liabilities 2010: $174,704,738Net Assets 2010: $22,826,4782010Assets 2011: $197,916,970Liabilities 2011: $172,479,456Net Assets 2011: $25,437,5142011Assets 2012: $200,582,766Liabilities 2012: $173,841,817Net Assets 2012: $26,740,9492012Assets 2013: $199,300,541Liabilities 2013: $178,310,103Net Assets 2013: $20,990,4382013Assets 2014: $217,371,674Liabilities 2014: $195,170,960Net Assets 2014: $22,200,7142014Assets 2015: $201,205,996Liabilities 2015: $178,501,454Net Assets 2015: $22,704,5422015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $5,813,6112010Expenses 2011: $5,157,3312011Expenses 2012: $4,603,2912012Revenue 2013: $5,607,225Expenses 2013: $5,269,441Net Income 2013: $337,7842013Revenue 2014: $8,085,630Expenses 2014: $7,980,871Net Income 2014: $104,7592014Revenue 2015: $9,399,017Expenses 2015: $9,217,648Net Income 2015: $181,3692015Revenue 2016: -$351,182Expenses 2016: $2,789,245Net Income 2016: -$3,140,4272016

Highlighted filing

2016

Revenue-$351,182
Expenses$2,789,245
Net Income-$3,140,427

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 23, 2017
Return Version
2016v3.0
Gross Receipts
$26,901
Mission and Program Overview

Mission

Cooperative provider of credit union financial services

Cooperative provider of credit union financial services voluntary, cooperative, non-profit savings institution (credit union), incorporated under the provisions ofthe texas credit union act, for the purpose of providing thrift among it's members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$112,692,339--
Investments in Publicly Traded Securities$48,623,721--
Savings and Temporary Cash Investments$35,958,915--
Rtn Earn Endowment Incm Other Fnds$22,704,542--
Land, Buildings, and Equipment, Net$1,031,795--
Cash and Non-Interest-Bearing Accounts$512,907--
Prepaid Expenses and Deferred Charges$276,317--
Total Assets$201,205,996$0▼ $201,205,996
Other Assets Total$2,110,002--
Liabilities
Other Liabilities$167,373,866--
Mortgage Notes Payable Secured by Investment Property$10,000,000--
Accounts Payable and Accrued Expenses$1,127,588--
Total Liabilities$178,501,454$0▼ $178,501,454
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,704,542$0▼ $22,704,542
Total Liabilities and Net Assets / Fund Balance$201,205,996$0▼ $201,205,996
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jason Z ScottPresidentFT$23,895$23,895
Jason Z Scott--$23,895$23,895

Board Members and Trustees

NameTitle
John BreitweiserChairman
Jan FrumVice-chair
Edwin LoutherbackDirector
Glenda HolbrookDirector
Ronald TaylorDirector
Dan BianchiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$-63,618
Investment Income
$-287,564
Other Revenue
$0
Change in Net Assets
$-3,140,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,601,279
Salaries, Compensation, and Employee Benefits$1,187,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,124,019$0$0$1,124,019
All Other Expenses$176,841$0$0$176,841
Other Expenses$125,000$0$0$125,000
Interest$101,157$0$0$101,157
Information Technology$84,576$0$0$84,576
Office Expenses$53,539$0$0$53,539
Insurance$37,381$0$0$37,381
Depreciation Depletion$36,910$0$0$36,910
Other Employee Benefits$30,689$0$0$30,689
Occupancy$28,681--$28,681
Payroll Taxes$22,722$0$0$22,722
Pension Plan Contributions$10,536$0$0$10,536
Advertising$8,841$0$0$8,841
Fees for Services Legal$7,816$0$0$7,816
Fees for Services Accounting$7,440$0$0$7,440
Conferences and Meetings$1,067$0$0$1,067
Total Functional Expenses$2,789,245$0$0$2,789,245
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Pegasus Community Credit Union
EIN
75-0821781
Phone
8003524614
Address
1201 ELM ST, DALLAS, TX 75270-2000

Signing Officer

Name
James Frankeberger
Title
CFO
Phone
8003524614
Signed
2017-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tirzah Huddleston
Formed
1935
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
4

Preparer

Firm
Spillar Mitcham Eaton & Bicknell Llp
Address
110 NORTH SYLVANIA AVENUE, FORT WORTH, TX 76111
Preparer
Timothy J Bicknell
Phone
8178775050
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Member owned credit union

Pt VI, Line 7A

Membership of credit union elects board of directors

Pt VI, Line 11B

Board of directors reviewed and approved 990 before filing

Pt VI, Line 12C

All employees and board of directors are required to disclose conflict of interest

Pt VI, Line 15A

The board considers industry comps in the area, reviews accomplishments of predetermined goals before setting the salary and related increases

Pt VI, Line 19

Monthly financial statements are posted in the lobby. Other documents and policies are available upon request.

Pt XI

Line 5 - investment valuation reserve increase for mark to market investments

Pt XI

Line 9 - credit union merged with another credit union effective february 1,2016

Pt XII, Line 2C

The financial statements were audited on the fiscal year ended september 30, 2015 and not on the calendar year ended december 31, 2015

Form 990, Part IX, Line 24E

MANAGER & STAFF EXP

Form 990, Part IX, Line 24E

BOARD OF DIRECTOR EXP

Form 990, Part IX, Line 24E

ASSOCIATION DUES

Form 990, Part IX, Line 24E

REPAIRS AND MAINT

Form 990, Part IX, Line 24E

SUBSCRIPTIONS

Form 990, Part IX, Line 24E

BANK SERVICE CHARGES

Form 990, Part IX, Line 24E

CREDIT REPORTS

Form 990, Part IX, Line 24E

CREDIT CARD REBATES

Form 990, Part IX, Line 24E

SUPERVISION FEE

Form 990, Part IX, Line 24E

CASH OVER SHORT

Form 990, Part IX, Line 24E

ANNUAL MEETING

Form 990, Part IX, Line 24E

MISC OPERATING EXP

Form 990, Part IX, Line 24E

Credit card program expense

Form 990, Part IX, Line 24E

POSTAGE

Form 990, Part IX, Line 24E

S/d, atm. Debit and bill pay

Financial Statement Notes

Pt IV, Line 2B

NONE

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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt022704542
IRS990/SavingsAndTempCashInvstGrp/BOYAmt035958915
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NONE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 2b
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt023895
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JASON Z SCOTT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt023895
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0100% ASSET DISTRIBUTION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0NEIGHBORHOOD CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02016-02-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0750224670
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0197952052
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0P O BOX 803476
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0DALLAS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd075380
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBER OWNED CREDIT UNION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP OF CREDIT UNION ELECTS BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEWED AND APPROVED 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL EMPLOYEES AND BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD CONSIDERS INDUSTRY COMPS IN THE AREA, REVIEWS ACCOMPLISHMENTS OF PREDETERMINED GOALS BEFORE SETTING THE SALARY AND RELATED INCREASES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LINE 5 - INVESTMENT VALUATION RESERVE INCREASE FOR MARK TO MARKET INVESTMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LINE 9 - CREDIT UNION MERGED WITH ANOTHER CREDIT UNION EFFECTIVE FEBRUARY 1,2016
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FINANCIAL STATEMENTS WERE AUDITED ON THE FISCAL YEAR ENDED SEPTEMBER 30, 2015 AND NOT ON THE CALENDAR YEAR ENDED DECEMBER 31, 2015
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9MANAGER & STAFF EXP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10BOARD OF DIRECTOR EXP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ASSOCIATION DUES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12REPAIRS AND MAINT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SUBSCRIPTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14BANK SERVICE CHARGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15CREDIT REPORTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16CREDIT CARD REBATES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17SUPERVISION FEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18CASH OVER SHORT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20MISC OPERATING EXP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21CREDIT CARD PROGRAM EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22POSTAGE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23S/D, ATM. DEBIT AND BILL PAY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt0201205996
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0201205996
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02789245
IRS990/TotalFunctionalExpensesGrp/TotalAmt02789245
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0178501454
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0178501454
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022704542
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceRevenueAmt0-63618
IRS990/TotalReportableCompFromOrgAmt023895
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-351182
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-351182
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0201205996
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00

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