St Thomas Credit Union
- Assets
- $35.4m
- Revenue
- $1.6m
- Investments
- $9.4m
- Employees
- 12
- Location
- Nashville, TN
- Founding
- 06/1952
- Data as of
- 12/2022
- EIN
- 62-6047295
Organization Overview
St Thomas Credit Union is located in Nashville, TN. The organization was established in 1952. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, St Thomas Credit Union employed 12 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Thomas 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, St Thomas Credit Union generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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
CREDIT UNION PROVIDING FINANCIAL SERVICE AND EDUCATION TO ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT UNION PROVIDES FINANCIAL AND EDUCATIONAL SERVICES TO OUR MEMBERSHIP
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chloe Nguyen Vice President | Officer | 40 | $75,993 |
William Dunn President | Officer | 40 | $66,938 |
John Raphael Board Of Directors-Chairperson | OfficerTrustee | 3 | $0 |
Robert Poteete Board Of Directors-Vice Chair Person | OfficerTrustee | 2 | $0 |
Sherry Warren Board Of Directors-Treasurer | OfficerTrustee | 7 | $0 |
Beth Smith Board Member-Secretary | OfficerTrustee | 2 | $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 | $1,539,477 |
| Investment income | $92,351 |
| 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 | $1,631,828 |
| 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. | $142,931 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,832 |
| Pension plan accruals and contributions | $6,768 |
| Other employee benefits | $63,678 |
| Payroll taxes | $32,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $156 |
| Fees for services: Accounting | $4,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $374,110 |
| Advertising and promotion | $3,820 |
| Office expenses | $100,168 |
| Information technology | $36,393 |
| Royalties | $0 |
| Occupancy | $143,403 |
| Travel | $3,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,820 |
| Interest | $131,949 |
| Payments to affiliates | $17,489 |
| Depreciation, depletion, and amortization | $17,420 |
| Insurance | $24,984 |
| All other expenses | $0 |
| Total functional expenses | $1,445,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485,213 |
| Savings and temporary cash investments | $821,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$90,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,271,864 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $182,673 |
| Net Land, buildings, and equipment | $59,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,425,479 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,881 |
| Total assets | $35,431,757 |
| Accounts payable and accrued expenses | $98,711 |
| 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 | $31,775,356 |
| Total liabilities | $31,874,067 |
| 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 | $3,557,690 |
| Total liabilities and net assets/fund balances | $35,431,757 |