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Bea Credit Union

Not tax-deductible

Bethalto, ILMutual-benefit / member-servingSince 1954Mutual / membership EIN 37-6036417Revenue $145K in FY2025Latest return filed May 11, 2026

On file with the IRSBethalto, ILTax-exempt since May 1954

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To assist our members by providing loans and savings accounts.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-6036417) · Dispute this line
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $454 a year · 0.3% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
50.5 mo
of spending, in cash
50.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
73% of total assets
Liabilities are 73% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$145K
-1% vs prior year
Spent
$132K
To programs
100%
Net assets
$632K
By yearFY2020–FY2025
Revenue
$145K
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$129K
FY2021$149K
FY2022$112K
FY2023$145K
FY2024$147K
FY2025$145K
Expenses
$132K
FY2025▼ -0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$201K
FY2021$131K
FY2022$111K
FY2023$114K
FY2024$133K
FY2025$132K
Net assets
$632K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$557K
FY2021$575K
FY2022$575K
FY2023$606K
FY2024$619K
FY2025$632K

From the FY2025 Form 990 · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1954.

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% · $132K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Terrina Harris
Vice Chair
$0Pt VII · Sec A
Kary Morgan
Director
$0Pt VII · Sec A
April Wrenn
Director
$0Pt VII · Sec A
Ann Patrick
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bea Credit Union 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

Programs and updates

Provides loans and savings accounts to help members.

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1 program · $132K · in their own filed words · FY2025
01

Provided 65 consumer loans to members and received deposits on savings from 423 members.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-6036417) · Dispute this line
$132Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$145K
Ln 12
Fees for servicesLn 2g$135K
Investment incomeLn 3$5K
Gifts and grantsLn 1h$5K
Money outPt IX
$132K
Ln 25
Programscol B$132K
Owns and owesPt X
$632K
net assets · Ln 32
Cash and savingsLn 1–2$558K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$135K
Investment incomeLn 3$5K
Other incomeLn 4–11$709
Total revenueLn 12$145K
Assets in detailPt X, end of year
CashLn 1$446K
SavingsLn 2$112K
Cash and savings togetherLn 1–2$558K
Notes and loans receivableLn 7$1.7M
Prepaid expenses and deferred chargesLn 9$29K
Other assetsLn 15$4K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.7M
Net assetsLn 32$632K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$514K$558K
Total assetsLn 16$2.5M$2.3M
LiabilitiesLn 26$1.9M$1.7M
Net assetsLn 32$619K$632K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$37K$37K
Other salaries and wagesLn 7$7K$7K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$5K$5K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$5K$5K
Information technologyLn 14$7K$7K
OccupancyLn 16$3K$3K
Conferences, conventions and meetingsLn 19$6K$6K
InterestLn 20$4K$4K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$36K$36K
Total functional expensesLn 25$132K$132K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 11, 2026 $145K$132K$13K$632K 990 PDF
FY2024Filed with the IRS May 7, 2025 $147K$133K$13K$619K 990 PDF
FY2023Filed with the IRS May 1, 2024 $145K$114K$31K$606K 990 PDF
FY2022Filed with the IRS May 9, 2023 $112K$111K$341$575K 990 PDF
FY2021Filed with the IRS May 18, 2022 $149K$131K$18K$575K 990 PDF
FY2020Filed with the IRS May 14, 2021 $129K$201K−$72K$557K 990 PDF

Schedules filed Part IV

D · Assets and endowments O · Explanations
See the full FY2025 990
Part I · Summary $145,147 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,960$4,565
I-9 Program service revenuePrior year $132,004$134,617
I-10 Investment incomePrior year $9,298$5,256
I-11 Other revenuePrior year $411$709
I-12 Total revenuePrior year $146,673$145,147
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $46,257$48,160
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $87,185$84,296
I-18 Total expensesPrior year $133,442$132,456
I-19 Revenue less expensesPrior year $13,231$12,691
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $145,147 across 7 lines filed
VIII-1b Membership dues$4,565
VIII-1h Total contributions, gifts and grants$4,565
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $134,617$134,617
VIII-3 Investment incomeRelated to mission $5,256$5,256
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $709$709
VIII-12 Total revenueRelated to mission $140,582 · Unrelated business $0 · Excluded from tax $0$145,147
Part IX · Statement of functional expenses $132,456 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $36,896$36,896
IX-7 Other salaries and wagesPrograms $7,494$7,494
IX-10 Payroll taxesPrograms $3,770$3,770
IX-11a Management feesPrograms $4,757$4,757
IX-11b Legal feesPrograms $3,470$3,470
IX-11c Accounting feesPrograms $7,661$7,661
IX-12 Advertising and promotionPrograms $2,751$2,751
IX-13 Office expensesPrograms $4,525$4,525
IX-14 Information technologyPrograms $7,414$7,414
IX-16 OccupancyPrograms $2,725$2,725
IX-19 Conferences, conventions and meetingsPrograms $5,782$5,782
IX-20 InterestPrograms $3,501$3,501
IX-23 InsurancePrograms $5,580$5,580
IX-24 Other expenses (24a–d)Programs $36,130$36,130
IX-25 Total functional expensesPrograms $132,456 · Management $0 · Fundraising $0$132,456
Part X · Balance sheet $2,318,479 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $406,339$446,204
X-2 Savings and temporary cash investmentsStart of year $107,214$111,565
X-7 Notes and loans receivableStart of year $1,993,368$1,728,130
X-9 Prepaid expenses and deferred chargesStart of year $31,997$28,909
X-15 Other assetsStart of year $4,224$3,671
X-16 Total assetsStart of year $2,543,142$2,318,479
X-17 Accounts payable and accrued expensesStart of year $1,152$5,430
X-24 Unsecured notes and loans payableStart of year $75,000$65,000
X-25 Other liabilitiesStart of year $1,848,160$1,616,528
X-26 Total liabilitiesStart of year $1,924,312$1,686,958
X-31 Retained earnings or endowmentStart of year $618,830$631,521
X-32 Total net assets or fund balancesStart of year $618,830$631,521
X-33 Total liabilities and net assetsStart of year $2,543,142$2,318,479
Part XI · Reconciliation of net assets $631,521 net assets at year end
XI-1 Total revenue$145,147
XI-2 Total expenses$132,456
XI-3 Revenue less expenses$12,691
XI-4 Net assets at start of year$618,830
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$631,521

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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