Container Mutual Credit Union FY2020 filing

Not tax-deductible

Fern Bch, FLMutual-benefit / member-servingEIN 59-6131478Revenue $201K in FY2020

On file with the IRS600 N 8th St, 32034-3319 · Fern Bch, FLTax-exempt since Feb 1972

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Credit Union - to provide financial services for its members.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
3 of 6
filings with a surplus
Average deficit $5K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
228 mo
of spending, in cash
Looks good: 228.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.7M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$201K
Spent
$230K
To programs
100%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$201K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$201K
FY2021$112K
FY2022$167K
FY2023$181K
FY2024$188K
FY2025$199K
Expenses
$230K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$230K
FY2021$202K
FY2022$125K
FY2023$190K
FY2024$161K
FY2025$168K
Net assets
$2.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$2.6M
FY2022$2.7M
FY2023$2.6M
FY2024$2.6M
FY2025$2.6M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 ruling in Feb 1972.

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% · $230K

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

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Debi Rowland$58,608$58,608$50,153$48,841

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 its members.

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Provided by the organization

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1 program · $230K · in their own filed words · FY2020
01

Investment income other revenue membership dues expenses

$230Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$201K
Ln 12
Other incomeLn 4–11$144K
Investment incomeLn 3$56K
Fees for servicesLn 2g$385
Money outPt IX
$230K
Ln 25
Programscol B$230K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$7.4M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$385
Investment incomeLn 3$56K
Other incomeLn 4–11$144K
Total revenueLn 12$201K
Assets in detailPt X, end of year
CashLn 1$318K
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$4.4M
Other assetsLn 15$45K
Total assetsLn 16$7.4M
LiabilitiesLn 26$4.7M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 52
VolunteersI 613
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 FY20End FY20
Cash and savingsLn 1–2$4.1M$4.4M
Total assetsLn 16$7.2M$7.4M
LiabilitiesLn 26$4.4M$4.7M
Net assetsLn 32$2.7M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$101K$101K
Other employee benefitsLn 9$36K$36K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$6K$6K
Office expensesLn 13$50K$50K
TravelLn 17$210$210
InterestLn 20$11K$11K
Depreciation, depletion and amortizationLn 22$1K$1K
Other expenses (24a–d)Ln 24$11K$11K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$230K$230K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $199K$168K$32K$2.6M 990 PDF
FY2024 $188K$161K$27K$2.6M 990 PDF
FY2023 $181K$190K−$9K$2.6M 990 PDF
FY2022 $167K$125K$42K$2.7M 990 PDF
FY2021 $112K$202K−$90K$2.6M 990 PDF
FY2020 Viewing $201K$230K−$29K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $200,623 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$385
I-10 Investment income$56,257
I-11 Other revenue$143,981
I-12 Total revenue$200,623
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$144,355
I-16a Professional fundraising fees$0
I-17 Other expenses$85,286
I-18 Total expenses$229,641
I-19 Revenue less expenses−$29,018
Part VI · Governance 0 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
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 $200,623 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $385$385
VIII-3 Investment incomeRelated to mission $56,257$56,257
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $143,981$143,981
VIII-12 Total revenueRelated to mission $200,623 · Unrelated business $0 · Excluded from tax $0$200,623
Part IX · Statement of functional expenses $229,641 across 10 lines filed
IX-7 Other salaries and wagesPrograms $100,675$100,675
IX-9 Other employee benefitsPrograms $35,656$35,656
IX-10 Payroll taxesPrograms $8,024$8,024
IX-11c Accounting feesPrograms $6,452$6,452
IX-13 Office expensesPrograms $50,138$50,138
IX-17 TravelPrograms $210$210
IX-20 InterestPrograms $11,272$11,272
IX-22 Depreciation, depletion and amortizationPrograms $1,284$1,284
IX-24 Other expenses (24a–d)Programs $10,930$10,930
IX-24e All other expensesPrograms $5,000$5,000
IX-25 Total functional expensesPrograms $229,641 · Management $0 · Fundraising $0$229,641
Part X · Balance sheet $7,386,361 assets, 10 lines filed
Asset lines not itemized here account for $2,963,636; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $398,323$317,725
X-2 Savings and temporary cash investmentsStart of year $3,728,572$4,047,333
X-9 Prepaid expenses and deferred chargesStart of year $19,033$13,059
X-15 Other assetsStart of year $46,996$44,608
X-16 Total assetsStart of year $7,170,028$7,386,361
X-17 Accounts payable and accrued expensesStart of year $13,205$10,302
X-25 Other liabilitiesStart of year $4,423,688$4,671,942
X-26 Total liabilitiesStart of year $4,436,893$4,682,244
X-32 Total net assets or fund balancesStart of year $2,733,135$2,704,117
X-33 Total liabilities and net assetsStart of year $7,170,028$7,386,361
Part XI · Reconciliation of net assets $2,704,117 net assets at year end
XI-1 Total revenue$200,623
XI-2 Total expenses$229,641
XI-3 Revenue less expenses−$29,018
XI-4 Net assets at start of year$2,733,135
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,704,117

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

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