Georgia Guard Credit Union
- Assets
- $4.7m
- Revenue
- $243.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Macon, GA
- Founding
- Data as of
- 12/2021
- EIN
- 58-2323817
Organization Overview
Georgia Guard Credit Union is located in Macon, GA. As of 12/2021, Georgia Guard Credit Union employed 5 individuals. Georgia Guard 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, Georgia Guard Credit Union generated $243.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $289.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
TO PROVIDE THIFT SAVINGS AND BORROWING TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Tooker Admin Assist/treasurer | Officer | 40 | $49,506 |
Karen Fowler Back Office Admin | Officer | 40 | $36,467 |
Twanda Ellis Loan Depart | Officer | 40 | $26,550 |
Anna Waters Msr Front Oper | Officer | 40 | $26,329 |
Betty Sue Adams Loan Dept/marketing | OfficerTrustee | 40 | $9,679 |
Mark Thompson Chairman Of Board | Trustee | $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 | $183,777 |
| Investment income | $8,675 |
| 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 | $243,583 |
| 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. | $157,006 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $689 |
| Pension plan accruals and contributions | $999 |
| Other employee benefits | $7,989 |
| Payroll taxes | $11,605 |
| Fees for services: Management | $3,320 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $40,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,340 |
| Office expenses | $5,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,494 |
| Interest | $18,177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,947 |
| Insurance | $6,303 |
| All other expenses | $350 |
| Total functional expenses | $289,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,992,687 |
| Savings and temporary cash investments | $159,481 |
| 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 | $2,462,537 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,079 |
| Net Land, buildings, and equipment | $2,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,525 |
| Total assets | $4,674,077 |
| Accounts payable and accrued expenses | $37,350 |
| 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 | $4,326,094 |
| Total liabilities | $4,363,444 |
| 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 | $39,755 |
| Retained earnings, endowment, accumulated income, or other funds | $270,878 |
| Total liabilities and net assets/fund balances | $4,674,077 |
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