Credit Union Self-Insured Group Of California Inc
- Assets
- $30.3m
- Revenue
- $2.3m
- Investments
- $21.0m
- Employees
- 0
- Location
- Orangevale, CA
- Founding
- 05/2005
- Data as of
- 12/2022
- 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 12/2022, Credit Union Self-Insured Group Of California Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 8 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
2022
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 |
|---|---|---|---|
Raquel Flores Chair | OfficerTrustee | 0.5 | $0 |
Chris Harris Vice Chair | OfficerTrustee | 0.5 | $0 |
Janet Mainenti Secretary | OfficerTrustee | 0.5 | $0 |
Hudson Lee Treasurer | OfficerTrustee | 0.5 | $0 |
Leeanne Giblin Member At Large | Trustee | 0.5 | $0 |
Tom Gray Member At Large | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Risk Strategies Company Broker | 12/30/22 | $850,976 |
Affinity Group Administrators Program Administration | 12/30/22 | $364,219 |
Acclamation Insurance Management Service Claims Handling | 12/30/22 | $138,498 |
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 | $2,085,044 |
| Investment income | $718,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$501,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,302,249 |
| 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 | $16,178 |
| Fees for services: Accounting | $42,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $147,095 |
| Fees for services: Other | $475,848 |
| 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 | $59,657 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,661 |
| All other expenses | $0 |
| Total functional expenses | $1,353,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,409 |
| Savings and temporary cash investments | $754,278 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,347 |
| 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 | $31,754 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,029,133 |
| Investments—other securities | $21,007,547 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,519,097 |
| Total assets | $30,294,565 |
| Accounts payable and accrued expenses | $27,880 |
| 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 | $6,925,225 |
| Total liabilities | $6,953,105 |
| 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 | $23,216,460 |
| Total liabilities and net assets/fund balances | $30,294,565 |