0003 Postal Family
- Assets
- $67.6m
- Revenue
- $2.2m
- Investments
- $20.2m
- Employees
- 12
- Location
- Cincinnati, OH
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 31-0240910
Organization Overview
0003 Postal Family is located in Cincinnati, OH. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, 0003 Postal Family employed 12 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 0003 Postal Family 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 12/2021, 0003 Postal Family generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
TO PROMOTE THRIFT AND TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudolph J Rattman Jr President,ceo | Officer | 40 | $136,273 |
Karen Bepler Vice President | OfficerTrustee | 40 | $77,427 |
Christine Lindsey Compliance Officer | OfficerTrustee | 40 | $47,450 |
Dennis Marschner Secretary | OfficerTrustee | 0 | $0 |
William Nolan Treasurer | OfficerTrustee | 0 | $0 |
Mark Mercer Board Member | OfficerTrustee | 0 | $0 |
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 | $1,960,011 |
| Investment income | $203,331 |
| 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 | $2,163,342 |
| 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. | $261,150 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,687 |
| Pension plan accruals and contributions | $64,480 |
| Other employee benefits | $66,061 |
| Payroll taxes | $49,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,910 |
| Fees for services: Accounting | $44,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,172 |
| Advertising and promotion | $63,173 |
| Office expenses | $396,156 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,725 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,862 |
| All other expenses | $0 |
| Total functional expenses | $2,019,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,681 |
| Savings and temporary cash investments | $8,339,076 |
| 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 | $36,305,324 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,033,069 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,207,764 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,257,177 |
| Total assets | $67,568,091 |
| Accounts payable and accrued expenses | $469,723 |
| 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 | $57,955,109 |
| Total liabilities | $58,424,832 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,143,259 |
| Total liabilities and net assets/fund balances | $67,568,091 |
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