Frsa Credit Union FY2020 filing

Orlando, FLUnknown exempt organization EIN 59-1612921Revenue $271K in FY2020Latest return filed Nov 26, 2025

On file with the IRSfrsacu.orgOrlando, FL

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Programs of credit unions offering personal financial services exclusively to the members

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-1612921) · Dispute this line
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $19K a year · 7% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 22% of spending
Pay to officers and key staff is 22% of spending.
Part VII, Section A
59.6 mo
of spending, in cash
59.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.0M
91% of total assets
Liabilities are 91% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$271K
Spent
$256K
To programs
0%
Net assets
$506K
By yearFY2020–FY2024
Revenue
$271K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$271K
FY2021$282K
FY2022$265K
FY2023$318K
FY2024$159K
Expenses
$256K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$256K
FY2021$260K
FY2022$263K
FY2023$287K
FY2024$132K
Net assets
$506K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$506K
FY2021$529K
FY2022$530K
FY2023$552K
FY2024$0

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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; $57K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$57,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Susan Lee———$21,894$57,000
Marissa Tatum—$8,514$47,728$39,205—
Adrienne Paul$21,667$43,200———

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 Frsa 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 credit union members with personal financial services.

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1 program · $256K · in their own filed words · FY2020
01

Providing credit union services

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-1612921) · Dispute this line
$256Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$271K
Ln 12
Fees for servicesLn 2g$265K
Investment incomeLn 3$7K
Money outPt IX
$256K
Ln 25
Owns and owesPt X
$506K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$5.5M
LiabilitiesLn 26$5.0M
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$265K
Investment incomeLn 3$7K
Total revenueLn 12$271K
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Accounts receivableLn 4$12K
Notes and loans receivableLn 7$4.2M
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$16K
InvestmentsLn 11–13$65K
Total assetsLn 16$5.5M
LiabilitiesLn 26$5.0M
Net assetsLn 32$506K
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
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 FY20End FY20
Cash and savingsLn 1–2$979K$1.3M
InvestmentsLn 11–13$66K$65K
Land, buildings, equipmentLn 10c$11K$16K
Total assetsLn 16$4.6M$5.5M
LiabilitiesLn 26$4.1M$5.0M
Net assetsLn 32$492K$506K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$57K
Other salaries and wagesLn 7$35K
Other employee benefitsLn 9$7K
Payroll taxesLn 10$7K
Legal feesLn 11b$645
Accounting feesLn 11c$30K
Other fees for servicesLn 11g$8K
Advertising and promotionLn 12$4K
Office expensesLn 13$64K
TravelLn 17$118
InterestLn 20$24K
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$6K
All other expensesLn 24e$525
Total functional expensesLn 25$256K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 26, 2025 $159K$132K$27K$0 990 PDF
FY2023Filed with the IRS Apr 16, 2024 $318K$287K$30K$552K 990 PDF
FY2022Filed with the IRS Apr 12, 2023 $265K$263K$2K$530K 990 PDF
FY2021Filed with the IRS Apr 12, 2022 $282K$260K$23K$529K 990 PDF
FY2020 ViewingFiled with the IRS Apr 14, 2021 $271K$256K$15K$506K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $271,238 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $255,277$264,574
I-10 Investment incomePrior year $17,750$6,664
I-11 Other revenue$0
I-12 Total revenuePrior year $273,027$271,238
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $106,355$106,751
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $142,660$149,681
I-18 Total expensesPrior year $249,015$256,432
I-19 Revenue less expensesPrior year $24,012$14,806
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $271,238 across 4 lines filed
Lines not itemized here account for $790 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $263,784$263,784
VIII-3 Investment incomeRelated to mission $6,664$6,664
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $271,238$271,238
Part IX · Statement of functional expenses $256,432 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$57,000
IX-7 Other salaries and wages$35,408
IX-9 Other employee benefits$7,120
IX-10 Payroll taxes$7,223
IX-11b Legal fees$645
IX-11c Accounting fees$30,015
IX-11g Other fees for services$8,055
IX-12 Advertising and promotion$3,798
IX-13 Office expenses$64,283
IX-17 Travel$118
IX-20 Interest$24,304
IX-22 Depreciation, depletion and amortization$5,488
IX-23 Insurance$6,414
IX-24 Other expenses (24a–d)$6,036
IX-24e All other expenses$525
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$256,432
Part X · Balance sheet $5,532,970 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $47,934$22,116
X-2 Savings and temporary cash investmentsStart of year $931,315$1,252,007
X-4 Accounts receivableStart of year $11,339$12,459
X-7 Notes and loans receivableStart of year $3,513,864$4,161,167
X-9 Prepaid expenses and deferred chargesStart of year $4,817$3,837
X-10c Land, buildings and equipment, netStart of year $10,821$15,989
X-13 Program-related investmentsStart of year $66,475$65,395
X-16 Total assetsStart of year $4,586,565$5,532,970
X-17 Accounts payable and accrued expensesStart of year $12,201$6,270
X-25 Other liabilitiesStart of year $4,082,853$5,020,430
X-26 Total liabilitiesStart of year $4,095,054$5,026,700
X-31 Retained earnings or endowmentStart of year $491,511$506,270
X-32 Total net assets or fund balancesStart of year $491,511$506,270
X-33 Total liabilities and net assetsStart of year $4,586,565$5,532,970
Part XI · Reconciliation of net assets $506,270 net assets at year end
XI-1 Total revenue$271,238
XI-2 Total expenses$256,432
XI-3 Revenue less expenses$14,806
XI-4 Net assets at start of year$491,511
XI-10 Net assets at end of year$506,270

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

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