Omaha Firefighters Credit Union
- Assets
- $75.1m
- Revenue
- $1.9m
- Investments
- $1.4m
- Employees
- 9
- Location
- Omaha, NE
- Founding
- 07/1971
- Data as of
- 12/2022
- EIN
- 47-0386023
Organization Overview
Omaha Firefighters Credit Union is located in Omaha, NE. The organization was established in 1971. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Omaha Firefighters Credit Union employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Omaha Firefighters 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, Omaha Firefighters Credit Union generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. 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 SERVING 3742 MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Winkelmann President | 40 | $105,706 | |
Robert Gottsch Board Member | Trustee | 0 | $6,000 |
Ken Self Board Member | Trustee | 1 | $0 |
Jeff Kalina Board Member | Trustee | 0 | $0 |
Mickey Mcleaughlin Board Member | Trustee | 1 | $0 |
Kevin Mandina 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 | $788,317 |
| Investment income | $806,423 |
| 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 | $1,880,444 |
| 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 | $269,404 |
| Compensation of current officers, directors, key employees. | $111,706 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,649 |
| Pension plan accruals and contributions | $21,628 |
| Other employee benefits | $109,560 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $173,504 |
| Information technology | $301,641 |
| Royalties | $0 |
| Occupancy | $81,790 |
| Travel | $2,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $129,193 |
| Total functional expenses | $1,489,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,715 |
| Savings and temporary cash investments | $50,040,411 |
| 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 | $21,998,455 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $662,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,410,642 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $764,899 |
| Total assets | $75,132,969 |
| Accounts payable and accrued expenses | $188,814 |
| 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 | $188,814 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $63,881,484 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,684,380 |
| Retained earnings, endowment, accumulated income, or other funds | $9,378,291 |
| Total liabilities and net assets/fund balances | $75,132,969 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Backstoppers Inc Saint Louis, MO | $58,482,364 | $10,650,014 |
Firemens Relief Association Olathe, KS | $708,183 | $1,513,081 |
Omaha Firefighters Credit Union Omaha, NE | $75,132,969 | $1,880,444 |
Overland Park Fire District No 1 Firemen S Relief Association Overland Park, KS | $0 | $1,392,450 |
Nebraska State Volunteer Firemens Association Milford, NE | $601,877 | $917,828 |
International Association Of Fire Fighters Denver, CO | $1,289,536 | $1,025,595 |
First Responders Foundation Omaha, NE | $1,004,406 | $993,934 |
International Association Of Fire Fighters Omaha, NE | $1,687,518 | $943,837 |
Irvington Volunteer Fire Department Incorporated Omaha, NE | $5,856,295 | $991,435 |
West Region Wildfire Council Ridgway, CO | $591,486 | $662,511 |
Wolf Creek Fire Protection Association Farmington, MO | $21,949 | $139,420 |
Shawnee Firemens Relief Association Shawnee, KS | $1,396,099 | $741,013 |