Fort Dodge Family Credit Union
- Assets
- $39.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 27
- Location
- Fort Dodge, IA
- Founding
- Data as of
- 12/2022
- EIN
- 42-6066958
Organization Overview
Fort Dodge Family Credit Union is located in Fort Dodge, IA. As of 12/2022, Fort Dodge Family Credit Union employed 27 individuals. Fort Dodge Family 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 12/2022, Fort Dodge Family Credit Union generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 8.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Pingel Manager | 40 | $105,042 | |
Andrew Campbell Board Member | Trustee | 1 | $0 |
Marsha Condon Board Member | Trustee | 1 | $0 |
Chris Hanson Board Member | Trustee | 1 | $0 |
August Lanning Board Member | Trustee | 1 | $0 |
Curt Lehman Board Member | 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 | $1,941,902 |
| Investment income | $243,099 |
| 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 | $2,185,001 |
| 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 | $574,182 |
| Pension plan accruals and contributions | $9,983 |
| Other employee benefits | $6,397 |
| Payroll taxes | $44,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,942 |
| Office expenses | $76,977 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,365 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,523 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,328 |
| Insurance | $19,061 |
| All other expenses | $34,812 |
| Total functional expenses | $2,118,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,734 |
| Savings and temporary cash investments | $12,832,230 |
| 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 | $24,679,011 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,302 |
| Net Land, buildings, and equipment | $1,025,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $612,151 |
| Total assets | $39,681,951 |
| Accounts payable and accrued expenses | $448,107 |
| 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 | $34,613,244 |
| Total liabilities | $35,061,351 |
| 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 | $1,015,000 |
| Retained earnings, endowment, accumulated income, or other funds | $3,605,600 |
| Total liabilities and net assets/fund balances | $39,681,951 |