Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
7 people listed on the 990; $35K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| Steve Selby | $34,642 | $41,375 |
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.
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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
Programs and updates
Offers financial services to residents and employees in specific Illinois counties and companies.
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Provide cooperative financial services to 1,996 members.
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By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.5M | $0 |
| InvestmentsLn 11–13 | $6.3M | $0 |
| Land, buildings, equipmentLn 10c | $197K | $0 |
| Total assetsLn 16 | $13.3M | $0 |
| LiabilitiesLn 26 | $115K | $0 |
| Net assetsLn 32 | $13.2M | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $35K | |||
| Other salaries and wagesLn 7 | $137K | |||
| Other employee benefitsLn 9 | $37K | |||
| Other fees for servicesLn 11g | $244K | |||
| Office expensesLn 13 | $77K | |||
| OccupancyLn 16 | $47K | |||
| TravelLn 17 | $1K | |||
| InterestLn 20 | $1 | |||
| Depreciation, depletion and amortizationLn 22 | $27K | |||
| Other expenses (24a–d)Ln 24 | $92K | |||
| Total functional expensesLn 25 | $696K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2021 Latest Viewing | $575K | $696K | −$122K | $0 | 990 PDF |
| FY2020 | $767K | $919K | −$152K | $13.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $574,607 across 4 lines filed
Part IX · Statement of functional expenses $696,476 across 10 lines filed
Part X · Balance sheet $0 assets, 17 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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