Pie Credit Union FY2020 filing

Not tax-deductible

Houston, TXMutual-benefit / member-servingMutual / membership EIN 74-6176202Revenue $363K in FY2020

On file with the IRSpiecu.orgPo Box 35068, 77235-5068 · Houston, TXTax-exempt since Jun 1976

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PIE Credit Union is a cooperative thrift institution. Our mission is to maintain a sound financial institution and provide excellent services to our member-owners.

$155K 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
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
6 of 6
filings with a surplus
Average surplus $113K a year · 26% 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
$155K
to officers and key staff · 53% of spending
Concern: pay to officers and key staff is 53% of spending; over 30%.
Pt VII · Sec A
12 mo
of spending, in cash
Plus $7.8M in investments, Pt X · Ln 11–13
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8.7M
80% of total assets
Worth a look: liabilities are 80% 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
$363K
Spent
$295K
To programs
0%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$363K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$363K
FY2021$304K
FY2022$305K
FY2023$406K
FY2024$562K
FY2025$628K
Expenses
$295K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$295K
FY2021$275K
FY2022$277K
FY2023$274K
FY2024$376K
FY2025$395K
Net assets
$2.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.2M
FY2022$2.2M
FY2023$2.3M
FY2024$2.5M
FY2025$2.7M

From the FY2020 Form 990 · see the original

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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 Jun 1976.

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

Who runs it and what they're paid

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

Part VII, Section A · reportable compensation
President/Manager
$82,544Pt VII · Sec A
Assistant Manager
$72,476Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Orelia J Clay$92,452$90,984$75,683———
Jessica Inman———$74,731$82,544$82,544
Orelia Clay———$69,115$72,476$72,476
Sara Cantu——$33,196———

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

Helps members save money and access financial services.

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Provided by the organization

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3 programs · $295K · in their own filed words · FY2020
01

PIE Credit Union's share accounts offer advantages for members of all ages. The credit union has 1,116 member-owned accounts as of December 31, 2020. Our savings accounts pay monthly dividends and offer access in person, by phone or through online banking.

$240Kprogram expense
02

PIE Credit Union provides checking accounts for members with account access by writing checks, using debit cards or through online banking.

$29Kprogram expense
03

PIE Credit Union provides vehicle, motorcycle, boat, signature and home equity loans to qualified members. Credit life and disability insurance is available on any of these loans per applicant request.

$26Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$363K
Ln 12
Fees for servicesLn 2g$181K
Investment incomeLn 3$133K
Other incomeLn 4–11$49K
Money outPt IX
$295K
Ln 25
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$303K
Total assetsLn 16$10.8M
LiabilitiesLn 26$8.7M
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$181K
Investment incomeLn 3$133K
Other incomeLn 4–11$49K
Total revenueLn 12$363K
Assets in detailPt X, end of year
CashLn 1$303K
SavingsLn 2$0
Cash and savings togetherLn 1–2$303K
InvestmentsLn 11–13$7.8M
Land, buildings, equipmentLn 10c$33
Other assetsLn 15$21K
Total assetsLn 16$10.8M
LiabilitiesLn 26$8.7M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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$250K$303K
InvestmentsLn 11–13$6.7M$7.8M
Land, buildings, equipmentLn 10c$353$33
Total assetsLn 16$10.5M$10.8M
LiabilitiesLn 26$8.4M$8.7M
Net assetsLn 32$2.1M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$126K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$26K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$5K
Office expensesLn 13$19K
Information technologyLn 14$50K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$366
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$22K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$46K
All other expensesLn 24e$2K
Total functional expensesLn 25$295K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $628K$395K$233K$2.7M 990 PDF
FY2024 $562K$376K$186K$2.5M 990 PDF
FY2023 $406K$274K$132K$2.3M 990 PDF
FY2022 $305K$277K$28K$2.2M 990 PDF
FY2021 $304K$275K$29K$2.2M 990 PDF
FY2020 Viewing $363K$295K$68K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $362,970 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $202,499$181,120
I-10 Investment incomePrior year $154,603$133,101
I-11 Other revenuePrior year $7,444$48,749
I-12 Total revenuePrior year $364,546$362,970
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 $119,939$125,833
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $162,736$169,295
I-18 Total expensesPrior year $282,675$295,128
I-19 Revenue less expensesPrior year $81,871$67,842
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 $362,970 across 5 lines filed
Lines not itemized here account for $48,749 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $181,120 · Unrelated business $0 · Excluded from tax $0$181,120
VIII-3 Investment incomeRelated to mission $133,101 · Unrelated business $0 · Excluded from tax $0$133,101
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $359,796 · Unrelated business $3,174 · Excluded from tax $0$362,970
Part IX · Statement of functional expenses $295,128 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$125,833
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$25,504
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$4,800
IX-13 Office expenses$19,447
IX-14 Information technology$50,301
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$366
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$21,583
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$45,707
IX-24e All other expenses$1,587
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$295,128
Part X · Balance sheet $10,784,643 assets, 22 lines filed
Asset lines not itemized here account for $2,651,024; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $250,161$302,587
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $2,292$1,438
X-10c Land, buildings and equipment, netStart of year $353$33
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $6,705,963$7,808,281
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $24,505$21,280
X-16 Total assetsStart of year $10,469,699$10,784,643
X-17 Accounts payable and accrued expensesStart of year $23,259$23,070
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $8,380,504$8,627,795
X-26 Total liabilitiesStart of year $8,403,763$8,650,865
X-32 Total net assets or fund balancesStart of year $2,065,936$2,133,778
X-33 Total liabilities and net assetsStart of year $10,469,699$10,784,643
Part XI · Reconciliation of net assets $2,133,778 net assets at year end
XI-1 Total revenue$362,970
XI-2 Total expenses$295,128
XI-3 Revenue less expenses$67,842
XI-4 Net assets at start of year$2,065,936
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,133,778

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

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