Badger Globe Credit Union FY2023 filing

Neenah, WIUnknown exempt organizationSince 1947 EIN 39-0796087Revenue $2.2M in FY2023Latest return filed May 6, 2026

On file with the IRSbadgerglobecu.orgNeenah, WI

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To exceed our members' expectations through exceptional service.

$364K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $138K a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$364K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
38 mo
of spending, in cash
Plus $7.1M in investments, Pt X · Ln 11–13
Looks good: 37.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$44.7M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 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
$2.2M
+18% vs prior year
Spent
$2.2M
To programs
0%
Net assets
$7.1M
By yearFY2020–FY2025
Revenue
$2.2M
FY2023▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$1.9M
FY2023$2.2M
FY2024$2.6M
FY2025$2.7M
Expenses
$2.2M
FY2023▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$1.7M
FY2023$2.2M
FY2024$2.5M
FY2025$2.6M
Net assets
$7.1M
FY2023▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.7M
FY2021$7.0M
FY2022$7.2M
FY2023$7.1M
FY2024$7.2M
FY2025$7.2M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

11 people listed on the 990; $364K paid to officers and key staff.

Part VII, Section A · reportable compensation
President /
$111,419Pt VII · Sec A
$86,860Pt VII · Sec A
$83,335Pt VII · Sec A
VP Operation
$79,190Pt VII · Sec A
$599Pt VII · Sec A
$420Pt VII · Sec A
Vice Chair
$360Pt VII · Sec A
$360Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Heidi Moore—$150$360$360$30$379,907
Annita Hutter$131,507$116,233$111,419$101,114$11,158—
Carla Watson$300$360$300$81,330$123,127$117,338
Joshua Lee$108,702$94,068$79,190$65,086$56,853—
Michael Mehlberg$96,553$41,832————
Michael Mallow$16,802$91,700$86,860$22,862——
Thomas Linskens———$85,403$79,969—
Michael Shadduck—$44,036$83,335$1,716——

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 Badger Globe 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides exceptional service to exceed members' expectations.

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2 programs · in their own filed words · FY2023
01

The credit union has several types of loan programs available for our members. We funded 1,105 new loans during 2023. As of 12/31/23 we had 1,810 loans receivable.

Pt IX · col B
02

The credit union has various types of deposit accounts available for our members. We added 512 new deposit accounts in 2023. As of 12/31/23 we had 2,623 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$18K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$416K
Gifts and grantsLn 1h$15K
Money outPt IX
$2.2M
Ln 25
Owns and owesPt X
$7.1M
net assets · Ln 32
Cash and savingsLn 1–2$6.9M
Total assetsLn 16$51.8M
LiabilitiesLn 26$44.7M
PeoplePt VI, VII
11
listed · VII A
PaidVII A11
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$416K
Other incomeLn 4–11$3K
Gains on assetsLn 7−$2K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$170K
SavingsLn 2$6.7M
Cash and savings togetherLn 1–2$6.9M
Loans to officers and key peopleLn 5$1K
Notes and loans receivableLn 7$33.0M
Prepaid expenses and deferred chargesLn 9$109K
Land, buildings, equipmentLn 10c$366K
InvestmentsLn 11–13$7.1M
Other assetsLn 15$4.4M
Total assetsLn 16$51.8M
LiabilitiesLn 26$44.7M
Net assetsLn 32$7.1M
OperationsPt I, VI
EmployeesI 516
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$5.4M$6.9M
InvestmentsLn 11–13$9.6M$7.1M
Land, buildings, equipmentLn 10c$234K$366K
Total assetsLn 16$55.0M$51.8M
LiabilitiesLn 26$47.8M$44.7M
Net assetsLn 32$7.2M$7.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K
Grants to domestic individualsLn 2$1K
Pay of current officers, directors and key staffLn 5$364K
Other salaries and wagesLn 7$375K
Pension plan contributionsLn 8$44K
Other employee benefitsLn 9$80K
Payroll taxesLn 10$55K
Legal feesLn 11b$25K
Accounting feesLn 11c$5K
Other fees for servicesLn 11g$30K
Advertising and promotionLn 12$55K
Office expensesLn 13$333K
Information technologyLn 14$158K
OccupancyLn 16$50K
TravelLn 17$33K
Conferences, conventions and meetingsLn 19$13K
InterestLn 20$36K
Depreciation, depletion and amortizationLn 22$49K
InsuranceLn 23$31K
Other expenses (24a–d)Ln 24$459K
Total functional expensesLn 25$2.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 6, 2026 $2.7M$2.6M$36K$7.2M 990 PDF
FY2024Filed with the IRS Aug 15, 2025 $2.6M$2.5M$49K$7.2M 990 PDF
FY2023 ViewingFiled with the IRS May 3, 2024 $2.2M$2.2M$29K$7.1M 990 PDF
FY2022Filed with the IRS Jun 21, 2023 $1.9M$1.7M$177K$7.2M 990 PDF
FY2021Filed with the IRS Oct 25, 2022 $1.8M$1.5M$312K$7.0M 990 PDF
FY2020Filed with the IRS Sep 14, 2021 $1.9M$1.7M$227K$6.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,232,111 revenue, 12 lines filed
I-8 Contributions and grants$15,000
I-9 Program service revenuePrior year $1,700,253$1,798,847
I-10 Investment incomePrior year $183,105$415,561
I-11 Other revenuePrior year $2,675$2,703
I-12 Total revenuePrior year $1,886,033$2,232,111
I-13 Grants and similar amounts paidPrior year $3,644$7,982
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $810,159$917,451
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $895,518$1,277,466
I-18 Total expensesPrior year $1,709,321$2,202,899
I-19 Revenue less expensesPrior year $176,712$29,212
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,232,111 across 7 lines filed
VIII-1f All other contributions, gifts and grants$15,000
VIII-1h Total contributions, gifts and grants$15,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,798,247 · Unrelated business $600$1,798,847
VIII-3 Investment incomeExcluded from tax $417,626$417,626
VIII-5 RoyaltiesExcluded from tax $2,703$2,703
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,065−$2,065
VIII-12 Total revenueRelated to mission $1,796,182 · Unrelated business $600 · Excluded from tax $420,329$2,232,111
Part IX · Statement of functional expenses $2,202,899 across 20 lines filed
IX-1 Grants to domestic organizations$6,707
IX-2 Grants to domestic individuals$1,275
IX-5 Pay of current officers, directors and key staff$363,533
IX-7 Other salaries and wages$374,854
IX-8 Pension plan contributions$44,060
IX-9 Other employee benefits$80,232
IX-10 Payroll taxes$54,772
IX-11b Legal fees$24,630
IX-11c Accounting fees$5,153
IX-11g Other fees for services$30,310
IX-12 Advertising and promotion$55,192
IX-13 Office expenses$333,352
IX-14 Information technology$157,677
IX-16 Occupancy$49,860
IX-17 Travel$32,613
IX-19 Conferences, conventions and meetings$13,273
IX-20 Interest$35,919
IX-22 Depreciation, depletion and amortization$49,215
IX-23 Insurance$31,472
IX-24 Other expenses (24a–d)$458,800
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,202,899
Part X · Balance sheet $51,840,108 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $221,861$169,667
X-2 Savings and temporary cash investmentsStart of year $5,179,450$6,723,616
X-5 Loans to officers and key people$1,340
X-7 Notes and loans receivableStart of year $33,699,298$32,955,118
X-9 Prepaid expenses and deferred chargesStart of year $114,356$109,312
X-10c Land, buildings and equipment, netStart of year $233,834$366,228
X-13 Program-related investmentsStart of year $9,570,208$7,069,208
X-15 Other assetsStart of year $5,963,291$4,445,619
X-16 Total assetsStart of year $54,986,298$51,840,108
X-17 Accounts payable and accrued expensesStart of year $733,555$493,560
X-23 Secured mortgages and notes payable$250,299
X-25 Other liabilitiesStart of year $46,605,897$43,965,747
X-26 Total liabilitiesStart of year $47,790,932$44,709,606
X-31 Retained earnings or endowmentStart of year $7,195,366$7,130,502
X-32 Total net assets or fund balancesStart of year $7,195,366$7,130,502
X-33 Total liabilities and net assetsStart of year $54,986,298$51,840,108
Part XI · Reconciliation of net assets $7,130,502 net assets at year end
XI-1 Total revenue$2,232,111
XI-2 Total expenses$2,202,899
XI-3 Revenue less expenses$29,212
XI-4 Net assets at start of year$7,195,366
XI-8 Prior period adjustments−$65,295
XI-9 Other changes in net assets−$28,781
XI-10 Net assets at end of year$7,130,502

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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