Sikeston Public Schools Credit Union
- Assets
- $5.1m
- Revenue
- $131.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Sikeston, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-1327512
Organization Overview
Sikeston Public Schools Credit Union is located in Sikeston, MO. Sikeston Public Schools 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, Sikeston Public Schools Credit Union generated $131.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $106.5k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 4 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
ACCEPTING DEPOSITS FOR SAVINGS & PROVIDING LOANS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION PRESENTLY HAS 1,121 MEMBERS AND 289 OUTSTANDING LOANS. THE CREDIT UNIONS SOLE PURPOSE IS TO PROVIDE A SAFE HAVEN FOR MEMBERS SAVINGS AND A RELIABLE SOURCE FOR LENDING TO OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Bridger President | Officer | 0 | $58,140 |
Darrell Hoppe Director | Trustee | 0 | $0 |
Christopher Starr Secretary | Trustee | 0 | $0 |
Kevin Miller Chairman | Trustee | 0 | $0 |
Stephen Borgsmiller Treasurer | Trustee | 0 | $0 |
Brad Blackman Director | Trustee | 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 | $105,015 |
| Investment income | $20,751 |
| 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 | $131,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,500 |
| 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 | $58,140 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $242 |
| Office expenses | $3,482 |
| 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 | $0 |
| Interest | $15,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $277 |
| Insurance | $5,325 |
| All other expenses | $427 |
| Total functional expenses | $106,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,602 |
| Savings and temporary cash investments | $2,289,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $115,603 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,460,777 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,621 |
| Net Land, buildings, and equipment | $1,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $5,144,141 |
| Accounts payable and accrued expenses | $2,806 |
| 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 | $0 |
| Total liabilities | $2,806 |
| 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 | $5,141,335 |
| Total liabilities and net assets/fund balances | $5,144,141 |
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