Crmc Employees Cu FY2020 filing

Douglas, GAUnknown exempt organization EIN 23-7421343Revenue $104K in FY2020Latest return filed Apr 29, 2024

On file with the IRSDouglas, GA

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To provide thrift savings and borrowing to its 305 members.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7421343) · Dispute this line
100¢ of each $1 spent went to programs.
$46K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $18K a year · 17% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 58% of spending
Pay to officers and key staff is 58% of spending.
Part VII, Section A
66.3 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
66.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
81% of total assets
Liabilities are 81% of assets.
Pt X · Ln 26
Independent board members
1201
of 1201 voting members
1201 of 1201 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$104K
Spent
$80K
To programs
100%
Net assets
$552K
By yearFY2020–FY2023
Revenue
$104K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$104K
FY2021$91K
FY2022$96K
FY2023$141K
Expenses
$80K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$80K
FY2021$92K
FY2022$90K
FY2023$98K
Net assets
$552K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$552K
FY2021$551K
FY2022$557K
FY2023$599K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $80K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $46K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$46,460Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Board, Credit Committee Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary/Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Mattie Bivens$57,485$54,043$52,181$46,460

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Crmc Employees Cu executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II5 listed

Programs and updates

Offers thrift savings and borrowing services to its 305 members.

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1 program · in their own filed words · FY2020
01

See additional data

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7421343) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$104K
Ln 12
Fees for servicesLn 2g$75K
Investment incomeLn 3$22K
Other incomeLn 4–11$7K
Money outPt IX
$80K
Ln 25
Programscol B$80K
Owns and owesPt X
$552K
net assets · Ln 32
Cash and savingsLn 1–2$441K
Total assetsLn 16$2.9M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a1,201
IndependentVI 1b1,201
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$75K
Investment incomeLn 3$22K
Other incomeLn 4–11$7K
Total revenueLn 12$104K
Assets in detailPt X, end of year
CashLn 1$441K
Cash and savings togetherLn 1–2$441K
Loans to officers and key peopleLn 5$54K
Notes and loans receivableLn 7$1.2M
Prepaid expenses and deferred chargesLn 9$4K
InvestmentsLn 11–13$1.2M
Total assetsLn 16$2.9M
LiabilitiesLn 26$2.3M
Net assetsLn 32$552K
OperationsPt I, VI
EmployeesI 51
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$111K$441K
InvestmentsLn 11–13$1.2M$1.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.7M$2.9M
LiabilitiesLn 26$2.2M$2.3M
Net assetsLn 32$472K$552K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$46K$46K$0$0
Other expenses (24a–d)Ln 24$33K$33K$0$0
Total functional expensesLn 25$80K$80K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Apr 29, 2024 $141K$98K$43K$599K 990 PDF
FY2022Filed with the IRS Feb 21, 2023 $96K$90K$6K$557K 990 PDF
FY2021Filed with the IRS May 11, 2022 $91K$92K−$1K$551K 990 PDF
FY2020 ViewingFiled with the IRS Oct 26, 2021 $104K$80K$24K$552K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $104,199 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $73,019$75,338
I-10 Investment incomePrior year $24,225$21,871
I-11 Other revenuePrior year $305$6,990
I-12 Total revenuePrior year $97,549$104,199
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $26,609$46,460
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $40,640$33,272
I-18 Total expensesPrior year $67,249$79,732
I-19 Revenue less expensesPrior year $30,300$24,467
Part VI · Governance 1,201 of 1,201 board members independent, 2 to look at
VI-1a Voting members of the governing body1,201
VI-1b Independent voting members1,201
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $104,199 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$75,338
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$21,871
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,990 · Unrelated business $0 · Excluded from tax $0$6,990
VIII-12 Total revenueRelated to mission $104,199 · Unrelated business $0 · Excluded from tax $0$104,199
Part IX · Statement of functional expenses $79,732 across 2 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $46,460 · Management $0 · Fundraising $0$46,460
IX-24 Other expenses (24a–d)Programs $33,272 · Management $0 · Fundraising $0$33,272
IX-25 Total functional expensesPrograms $79,732 · Management $0 · Fundraising $0$79,732
Part X · Balance sheet $2,891,321 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $110,890$440,717
X-5 Loans to officers and key peopleStart of year $84,662$54,174
X-7 Notes and loans receivableStart of year $1,268,655$1,170,873
X-9 Prepaid expenses and deferred chargesStart of year $3,781$3,874
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $1,202,046$1,200,517
X-13 Program-related investmentsStart of year $20,016$21,166
X-16 Total assetsStart of year $2,690,050$2,891,321
X-17 Accounts payable and accrued expensesStart of year $1,228$2,105
X-25 Other liabilitiesStart of year $2,217,033$2,337,688
X-26 Total liabilitiesStart of year $2,218,261$2,339,793
X-31 Retained earnings or endowmentStart of year $471,789$551,528
X-32 Total net assets or fund balancesStart of year $471,789$551,528
X-33 Total liabilities and net assetsStart of year $2,690,050$2,891,321
Part XI · Reconciliation of net assets $551,528 net assets at year end
XI-1 Total revenue$104,199
XI-2 Total expenses$79,732
XI-3 Revenue less expenses$24,467
XI-4 Net assets at start of year$471,789
XI-10 Net assets at end of year$551,528

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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