Brown Forman Employees Credit Union is located in Louisville, KY. The organization was established in 1985. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brown Forman Employees 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, Brown Forman Employees Credit Union generated $633.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $452.8k during the year ending 12/2021. 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
PROVIDE LOANS & SAVINGS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROWN-FORMAN EMPLOYEES CREDIT UNION PROVIDES FINANCIAL SERVICES TO APPROXIMATELY 1,535 MEMBERS WITHIN BROWN-FORMAN CORPORATION.
N/A
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lori Mohr Board Vice Chair | Officer | 0 | $0 |
Steve Cassin Board Secretary | Officer | 0 | $0 |
Sanjhi Agrawal Board Member | Officer | 0 | $0 |
Andy Coates Board Member | Officer | 0 | $0 |
Jennifer Mcclinton Board Member | Officer | 0 | $0 |
Mike Mulrooney Board Member | Officer | 0 | $0 |
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 | $616,589 |
Investment income | $17,210 |
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 | $633,799 |
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 | $46,115 |
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 | $206,761 |
Fees for services: Legal | $1,426 |
Fees for services: Accounting | $4,220 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $8,840 |
Office expenses | $71,233 |
Information technology | $2,026 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $271 |
Conferences, conventions, and meetings | $7,075 |
Interest | $0 |
Payments to affiliates | $6,521 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $16,523 |
Total functional expenses | $452,771 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $106,179 |
Savings and temporary cash investments | $6,304,614 |
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 | $8,046,188 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $531 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $103,737 |
Total assets | $14,561,249 |
Accounts payable and accrued expenses | $46,259 |
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 | $12,394,833 |
Total liabilities | $12,441,092 |
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 | $313,439 |
Retained earnings, endowment, accumulated income, or other funds | $1,806,718 |
Total liabilities and net assets/fund balances | $14,561,249 |
Organization Name | Assets | Revenue |
---|---|---|
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Commonwealth Credit Union Frankfort, KY | $1,891,090,350 | $88,350,902 |
Department Of Financial Institution Division Of Credit Unions In Ind Columbus, IN | $1,964,165,275 | $88,438,069 |
Forum Credit Union Indianapolis, IN | $1,879,317,913 | $93,129,055 |
Scott Credit Union Edwardsville, IL | $1,647,347,103 | $74,654,217 |
Deere Employees Credit Union Moline, IL | $1,799,657,083 | $82,112,773 |
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810 Seven Seventeen Credit Union Inc Warren, OH | $1,389,210,526 | $71,202,563 |
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