San Francisco Bay Area Educators Credit Union
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- San Francisco, CA
- Founding
- 06/1961
- Data as of
- 02/2020
- EIN
- 94-1521282
Organization Overview
San Francisco Bay Area Educators Credit Union is located in San Francisco, CA. The organization was established in 1961. 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 02/2020, San Francisco Bay Area Educators Credit Union employed 5 individuals. San Francisco Bay Area Educators 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 02/2020, San Francisco Bay Area Educators Credit Union generated $89.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.9%) each year. All expenses for the organization totaled $83.3k during the year ending 02/2020. As we would expect to see with falling revenues, expenses have declined by (29.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
PROVIDED DEPOSIT AND LOAN ACCOUNTS TO 1,464 MEMBERS. PROVIDED LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDED SOURCE OF MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Fong CEO | 45 | $15,000 | |
Judith Grady Bd Director | 2 | $0 | |
Owen Raven Bd Vice Chairma | 2 | $0 | |
Steven Edwards Bd Chairman | 2 | $0 | |
Timothy Tindol Bd Treasurer | 2 | $0 | |
Emily Sparkhul Bd Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $48,472 |
| Membership dues | $0 |
| Investment income | $28,954 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,361 |
| Total Revenue | $89,787 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $403 |
| Salaries, other compensation, and employee benefits | $29,172 |
| Professional fees and other payments to independent contractors | $3,076 |
| Occupancy, rent, utilities, and maintenance | $13,467 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,136 |
| Total expenses | $83,254 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |