Pie
- Assets
- $11.6m
- Revenue
- $304.7k
- Investments
- $7.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 74-6176202
Organization Overview
Pie is located in Houston, TX. The organization was established in 1976. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pie 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, Pie generated $304.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $276.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PIE CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION. OUR MISSION IS TO MAINTAIN A SOUND FINANCIAL INSTITUTION AND PROVIDE EXCELLENT SERVICES TO OUR MEMBER-OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIE CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES FOR MEMBERS OF ALL AGES. THE CREDIT UNION HAS 1,088 MEMBER-OWNED ACCOUNTS AS OF DECEMBER 31, 2022. OUR SAVINGS ACCOUNTS PAY MONTHLY DIVIDENDS AND OFFER ACCESS IN PERSON, BY PHONE OR THROUGH ONLINE BANKING.
PIE CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH ACCOUNT ACCESS BY WRITING CHECKS, USING DEBIT CARDS OR THROUGH ONLINE BANKING.
PIE CREDIT UNION PROVIDES VEHICLE, MOTORCYCLE, BOAT, SIGNATURE AND HOME EQUITY LOANS TO QUALIFIED MEMBERS. CREDIT LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS PER APPLICANT REQUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Inman President/manager | Officer | 40 | $74,731 |
Orelia Clay Assistant Manager | Officer | 40 | $69,115 |
Elvis Wilkerson Secretary | Trustee | 1 | $0 |
Peter Kozak Chairman | Trustee | 1 | $0 |
Patricia Hatridge Director | Trustee | 1 | $0 |
Hal Hazen Director | 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 | $178,577 |
| Investment income | $85,626 |
| 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 | $304,669 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,083 |
| 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 | $3,600 |
| Office expenses | $18,455 |
| Information technology | $51,456 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,395 |
| Total functional expenses | $276,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,234 |
| Savings and temporary cash investments | $0 |
| 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 | $3,670,459 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,552 |
| Net Land, buildings, and equipment | $33 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,679,026 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,410 |
| Total assets | $11,592,714 |
| Accounts payable and accrued expenses | $67,363 |
| 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 | $9,334,352 |
| Total liabilities | $9,401,715 |
| 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 | $2,190,999 |
| Total liabilities and net assets/fund balances | $11,592,714 |
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East Texas Professional Credit Longview, TX | $963,213,382 | $39,825,100 |
Texell Credit Union Temple, TX | $562,565,721 | $32,645,542 |
Capital Certified Development Corporation Austin, TX | $10,331,482 | $7,851,539 |
Brazos Student Finance Corporation Waco, TX | $111,165,594 | $4,506,585 |
Trans Texas Southwest San Angelo, TX | $44,278,686 | $2,099,854 |
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Human Milk Banking Association Of North America Fort Worth, TX | $1,162,714 | $410,642 |
George T & Effie L Seay Dallas, TX | $4,185,319 | $820,552 |
Pie Houston, TX | $11,592,714 | $304,669 |