Springfield Catholic Credit Union
- Assets
- $4.0m
- Revenue
- $148.2k
- Investments
- $1.8m
- Employees
- 3
- Location
- Springfield, MO
- Founding
- Data as of
- 12/2017
- EIN
- 23-7100203
Organization Overview
Springfield Catholic Credit Union is located in Springfield, MO. As of 12/2017, Springfield Catholic Credit Union employed 3 individuals. Springfield Catholic Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2017, Springfield Catholic Credit Union generated $148.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $157.3k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS WHO SHARE OUR COMMON BOND AND EXIST FOR THE FINANCIAL BENEFIT OF THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTARY, COOPERATIVE, NONPROFIT SAVINGS INSTITUTION WHICH ENCOURAGES THRIFT AMONG THEIR APPROXIMATE 1,159 MEMBERS BY PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDE AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Mccabe Chairman | OfficerTrustee | 1 | $0 |
Thomas A Saitta Vice-Chairma | OfficerTrustee | 1 | $0 |
John H Meese Secretary | OfficerTrustee | 1 | $0 |
Santiago Gagliardi Treasurer | OfficerTrustee | 1 | $0 |
Paul Penn Board Member | Trustee | 1 | $0 |
Steve San Paolo President | Officer | 40 | $43,846 |
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 | $121,950 |
| Investment income | $26,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,166 |
| 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. | $43,846 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $418 |
| Payroll taxes | $7,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $422 |
| Advertising and promotion | $1,942 |
| Office expenses | $3,049 |
| Information technology | $7,119 |
| Royalties | $0 |
| Occupancy | $12,394 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385 |
| Interest | $8,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,544 |
| Insurance | $7,157 |
| All other expenses | $178 |
| Total functional expenses | $157,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,955 |
| Savings and temporary cash investments | $64,144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,930,515 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $693 |
| Net Land, buildings, and equipment | $104,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,805,892 |
| Investments—program-related | $30,965 |
| Intangible assets | $0 |
| Other assets | $5,457 |
| Total assets | $3,957,022 |
| Accounts payable and accrued expenses | $9,640 |
| 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 | $3,245,786 |
| Total liabilities | $3,255,426 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $701,596 |