Central Kansas Education Credit Union
- Assets
- $4.3m
- Revenue
- $218.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Salina, KS
- Founding
- Data as of
- 12/2022
- EIN
- 48-0678416
Organization Overview
Central Kansas Education Credit Union is located in Salina, KS. As of 12/2022, Central Kansas Education Credit Union employed 4 individuals. Central Kansas Education 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, Central Kansas Education Credit Union generated $218.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $204.1k during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 3 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
PROVIDE FINANCIAL & FINACIALLY RELATED SERVICES TO 760 MEMBERS FOR MUTUAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DEPOSIT SERVICE TO 782 MEMBERS
PROVIDE A SOURCE OF CREDIT TO MEMBERS AT A FAIR & REASONABLE RATE OF INTEREST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trena Lackey Manager/treasurer Of The Board | OfficerTrustee | 50 | $59,500 |
Robert Sauber Chairman Of The Board | Officer | 1 | $0 |
David Turner Vice President Of The Board | Officer | 1 | $0 |
Amber Fouard Secretary Of The Board | Officer | 1 | $0 |
Troy Donnelly Board Member | Officer | 1 | $0 |
Eric Boyle Board Of Director | Officer | 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 | $192,009 |
| Investment income | $7,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $469 |
| 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 | $218,515 |
| 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. | $63,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,214 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $849 |
| Advertising and promotion | $5,420 |
| Office expenses | $14,246 |
| Information technology | $16,729 |
| Royalties | $0 |
| Occupancy | $19,337 |
| Travel | $1,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $633 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $950 |
| Insurance | $3,883 |
| All other expenses | $276 |
| Total functional expenses | $204,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,628 |
| Savings and temporary cash investments | $652,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $103,192 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,451,838 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,618 |
| Net Land, buildings, and equipment | $384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,035 |
| Total assets | $4,255,743 |
| Accounts payable and accrued expenses | $19,046 |
| 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 | $3,483,369 |
| Total liabilities | $3,502,415 |
| 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 | $753,328 |
| Total liabilities and net assets/fund balances | $4,255,743 |