Brewery Credit Union

Milwaukee, WIUnknown exempt organization EIN 39-0181775Revenue $5.7M in FY2024

On file with the IRSbrewerycu.com1351 N Dr Martin Luther King JR D · Milwaukee, WI

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Providing superior financial services while economically improving our members and community.

Run by 7 volunteers and 33 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $752K a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$155K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
29 mo
of spending, in cash
Looks good: 28.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45.6M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.7M
+5% vs prior year
Spent
$5.2M
Net assets
$13.5M
By yearFY2020–FY2024
Revenue
$5.7M
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$4.5M
FY2022$4.8M
FY2023$5.4M
FY2024$5.7M
Expenses
$5.2M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.7M
FY2021$3.3M
FY2022$3.9M
FY2023$4.6M
FY2024$5.2M
Net assets
$13.5M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.2M
FY2021$11.5M
FY2022$12.4M
FY2023$13.1M
FY2024$13.5M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

8 people listed on the 990; $155K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$155,382Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Steven Janssen—$113,572$156,508$136,248$210,142
Kristin Brojanac$155,382$144,486$108,422$91,003$97,839
Rob Seetan———$146,030$102,531

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial services to improve members and the community economically.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Holding deposits for and making loans to members.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$13K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.7M
Ln 12
Fees for servicesLn 2g$4.8M
Investment incomeLn 3$729K
Other incomeLn 4–11$95K
Money outPt IX
$5.2M
Ln 25
Owns and owesPt X
$13.5M
net assets · Ln 32
Cash and savingsLn 1–2$12.5M
Total assetsLn 16$59.1M
LiabilitiesLn 26$45.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.8M
Investment incomeLn 3$729K
Other incomeLn 4–11$95K
Total revenueLn 12$5.7M
Assets in detailPt X, end of year
CashLn 1$766K
SavingsLn 2$11.7M
Cash and savings togetherLn 1–2$12.5M
InvestmentsLn 11–13$851K
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$3.3M
Total assetsLn 16$59.1M
LiabilitiesLn 26$45.6M
Net assetsLn 32$13.5M
OperationsPt I, VI
EmployeesI 533
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$11.7M$12.5M
InvestmentsLn 11–13$796K$851K
Land, buildings, equipmentLn 10c$2.0M$1.9M
Total assetsLn 16$63.2M$59.1M
LiabilitiesLn 26$50.1M$45.6M
Net assetsLn 32$13.1M$13.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$155K
Other salaries and wagesLn 7$1.2M
Pension plan contributionsLn 8$81K
Other employee benefitsLn 9$162K
Payroll taxesLn 10$104K
Other fees for servicesLn 11g$101K
Advertising and promotionLn 12$193K
Office expensesLn 13$149K
Information technologyLn 14$270K
OccupancyLn 16$118K
TravelLn 17$776
Conferences, conventions and meetingsLn 19$23K
InterestLn 20$1
Depreciation, depletion and amortizationLn 22$120K
InsuranceLn 23$54K
Other expenses (24a–d)Ln 24$2.4M
All other expensesLn 24e$99K
Total functional expensesLn 25$5.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.7M$5.2M$420K$13.5M 990 PDF
FY2023 $5.4M$4.6M$791K$13.1M 990 PDF
FY2022 $4.8M$3.9M$921K$12.4M 990 PDF
FY2021 $4.5M$3.3M$1.2M$11.5M 990 PDF
FY2020 $4.1M$3.7M$397K$10.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $5,669,713 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,799,584$4,846,184
I-10 Investment incomePrior year $511,327$728,910
I-11 Other revenuePrior year $92,017$94,619
I-12 Total revenuePrior year $5,402,928$5,669,713
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,475,221$1,705,313
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,136,602$3,544,110
I-18 Total expensesPrior year $4,611,823$5,249,423
I-19 Revenue less expensesPrior year $791,105$420,290
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $5,669,713 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,811,295 · Unrelated business $34,889$4,846,184
VIII-3 Investment incomeExcluded from tax $728,910$728,910
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $22,280 · Excluded from tax $72,339$94,619
VIII-12 Total revenueRelated to mission $4,811,295 · Unrelated business $57,169 · Excluded from tax $801,249$5,669,713
Part IX · Statement of functional expenses $5,249,423 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$155,382
IX-7 Other salaries and wages$1,202,622
IX-8 Pension plan contributions$80,607
IX-9 Other employee benefits$162,227
IX-10 Payroll taxes$104,475
IX-11g Other fees for services$101,005
IX-12 Advertising and promotion$193,231
IX-13 Office expenses$148,519
IX-14 Information technology$270,340
IX-16 Occupancy$118,149
IX-17 Travel$776
IX-19 Conferences, conventions and meetings$22,937
IX-20 Interest$1
IX-22 Depreciation, depletion and amortization$119,990
IX-23 Insurance$54,016
IX-24 Other expenses (24a–d)$2,415,984
IX-24e All other expenses$99,162
IX-25 Total functional expenses$5,249,423
Part X · Balance sheet $59,118,050 assets, 13 lines filed
Asset lines not itemized here account for $40,520,825; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $398,713$766,352
X-2 Savings and temporary cash investmentsStart of year $11,282,731$11,740,540
X-9 Prepaid expenses and deferred chargesStart of year $65,929$71,537
X-10c Land, buildings and equipment, netStart of year $2,005,328$1,892,809
X-12 Other securitiesStart of year $156,646$212,379
X-13 Program-related investmentsStart of year $639,102$639,102
X-15 Other assetsStart of year $3,225,069$3,274,506
X-16 Total assetsStart of year $63,207,864$59,118,050
X-17 Accounts payable and accrued expensesStart of year $597,732$619,755
X-25 Other liabilitiesStart of year $49,378,780$44,850,402
X-26 Total liabilitiesStart of year $50,086,760$45,576,656
X-32 Total net assets or fund balancesStart of year $13,121,104$13,541,394
X-33 Total liabilities and net assetsStart of year $63,207,864$59,118,050
Part XI · Reconciliation of net assets $13,541,394 net assets at year end
XI-1 Total revenue$5,669,713
XI-2 Total expenses$5,249,423
XI-3 Revenue less expenses$420,290
XI-4 Net assets at start of year$13,121,104
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,541,394

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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