Energy Plus Credit Union
- Assets
- $43.6m
- Revenue
- $2.1m
- Investments
- $17.5m
- Employees
- 18
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2021
- EIN
- 35-6031691
Organization Overview
Energy Plus Credit Union is located in Indianapolis, IN. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Energy Plus Credit Union employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Plus 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 12/2021, Energy Plus Credit Union generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAN AND SHARE PRODUCTS TO CREDIT UNION MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cari Palmer President/ceo | Officer | 40 | $92,334 |
Brenda Wade Secretary | OfficerTrustee | 1 | $0 |
Nick Grimmer Chairperson | OfficerTrustee | 1 | $0 |
John Hopwood Treasurer | OfficerTrustee | 1 | $0 |
Randy Jones Vice Chair | OfficerTrustee | 1 | $0 |
Jim Davis Director | Trustee | 1 | $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 | $2,004,404 |
| Investment income | $117,691 |
| 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 | $2,122,095 |
| 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 | $534,487 |
| Pension plan accruals and contributions | $16,807 |
| Other employee benefits | $114,774 |
| Payroll taxes | $36,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $496,889 |
| Advertising and promotion | $65,504 |
| Office expenses | $69,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,773 |
| Travel | $7,641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,126 |
| Insurance | $18,032 |
| All other expenses | $27,239 |
| Total functional expenses | $1,720,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,005,605 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,213 |
| Net Land, buildings, and equipment | $89,133 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,507,563 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $371,148 |
| Total assets | $43,570,640 |
| Accounts payable and accrued expenses | $185,520 |
| 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 | $37,377,503 |
| Total liabilities | $37,563,023 |
| 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 | $6,007,617 |
| Total liabilities and net assets/fund balances | $43,570,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |
Progressive Housing Inc Olympia Fields, IL | $9,843,151 | $16,511,202 |
Service Inc Of Illinois Joliet, IL | $4,263,062 | $14,668,077 |
Behavioral Healthcare Services Inc Owensboro, KY | $8,995,827 | $13,461,445 |
Paraquad Inc St Louis, MO | $25,560,219 | $14,042,236 |
Urban Strategies Inc Saint Louis, MO | $8,412,015 | $14,857,524 |
Pioneer Center For Human Services Mchenry, IL | $8,285,691 | $11,622,289 |
Community Alternatives Unlimited Chicago, IL | $6,938,632 | $11,063,143 |
Faith Healthcare Louisville, KY | $3,715,273 | $10,559,306 |
Rimland Services Nfp Evanston, IL | $9,728,915 | $10,325,660 |
Community Workshop & Training Center Inc Peoria, IL | $8,337,130 | $9,328,524 |