Credit Union Self-Insured Group Of California Inc
- Assets
- $33.8m
- Revenue
- $3.8m
- Investments
- $23.4m
- Employees
- 0
- Location
- Orangevale, CA
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 20-0406647
Organization Overview
Credit Union Self-Insured Group Of California Inc is located in Orangevale, CA. The organization was established in 2005. According to its NTEE Classification (W02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Union Self-Insured Group Of California Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Credit Union Self-Insured Group Of California Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS AN ORGANIZATION ESTABLISHED FOR THE EXCLUSIVE SUPPORT OF EXEMPT CREDIT UNIONS, IT PROVIDES CALIFORNIA CREDIT UNIONS WITH LOW-COST ALTERNATIVE TO WORKERS' COMPENSATION INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS SUPPORT ORGANIZATION ESTABLISHED FOR THE EXCLUSIVE SUPPORT OF EXEMPT CREDIT UNIONS, THE ORGANIZATION PROVIDES CALIFORNIA CREDIT UNIONS WITH A LOW COST ALTERNATIVE TO WORKERS' COMPENSATION INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Manns Chair | OfficerTrustee | 0.5 | $0 |
Raquel Flores Vice Chair | OfficerTrustee | 0.5 | $0 |
Janet Mainenti Secretary | OfficerTrustee | 0.5 | $0 |
Hudson Lee Treasurer | OfficerTrustee | 0.5 | $0 |
Tom Gray Member At Large | Trustee | 0.5 | $0 |
Lisa Pesta Member At Large | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Risk Strategies Company Broker | 12/30/21 | $791,768 |
Acclamation Insurance Management Service Claims Handling | 12/30/21 | $155,545 |
Affinity Group Administrators Program Administration | 12/30/21 | $294,147 |
Morgan Stanley Manage Reserve Funds | 12/30/21 | $149,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,971,860 |
| Investment income | $778,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,836,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,862 |
| Fees for services: Accounting | $32,116 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150,645 |
| Fees for services: Other | $495,487 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,027 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,659 |
| All other expenses | $0 |
| Total functional expenses | $1,358,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,197 |
| Savings and temporary cash investments | $463,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $537,991 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,976 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,179,352 |
| Investments—other securities | $23,387,193 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,984,122 |
| Total assets | $33,798,400 |
| Accounts payable and accrued expenses | $29,618 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,412,796 |
| Total liabilities | $6,442,414 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $125,000 |
| Retained earnings, endowment, accumulated income, or other funds | $27,230,986 |
| Total liabilities and net assets/fund balances | $33,798,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Northwest Portland, OR | $11,469,235 | $17,259,617 |
City Of San Francisco Japan Center Garage Corporation San Francisco, CA | $1,686,245 | $3,353,434 |
Fanangel Foundation Inc Morro Bay, CA | $56,980 | $2,499,077 |
Greeninfo Network Oakland, CA | $863,821 | $1,793,216 |
Credit Union Self-Insured Group Of California Inc Orangevale, CA | $33,798,400 | $3,836,752 |
Kern County Builders Exchange Inc Bakersfield, CA | $2,032,932 | $706,354 |
Bay Area Builders Exchange San Leandro, CA | $5,175,622 | $531,559 |
Nevada County Builders Exchange Grass Valley, CA | $1,436,297 | $396,900 |
De Novo Group Beaverton, OR | $295,443 | $0 |
San Luis Obispo County Builders Exchange San Luis Obispo, CA | $1,116,563 | $276,034 |
Oregon Workforce Partnership Salem, OR | $33,141 | $137,903 |
Decurion Institute For Wholeness And Development Los Angeles, CA | $0 | $128,272 |