Texas Telcom Credit Union

Not tax-deductible

Dallas, TXMutual-benefit / member-servingMutual / membership EIN 75-0899177Revenue $2.4M in FY2023Latest return filed Feb 21, 2024

On file with the IRStextelcu.orgDallas, TXTax-exempt since Jun 1976

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Provider of credit union financial services.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-0899177) · Dispute this line
Run by 7 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $150K a year · 6% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 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
$147K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
15.3 mo
of spending, in cash
Plus $22.1M in investments, Pt X · Ln 11–13
15.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$113K
0.2% of total assets
Liabilities are 0.2% of assets.
Pt X · Ln 26
Independent board members
0
of 7 voting members
None of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.4M
+4% vs prior year
Spent
$2.5M
To programs
0%
Net assets
$57.2M
By yearFY2020–FY2023
Revenue
$2.4M
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.4M
FY2022$2.3M
FY2023$2.4M
Expenses
$2.5M
FY2023▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.2M
FY2022$2.1M
FY2023$2.5M
Net assets
$57.2M
FY2023▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$59.9M
FY2021$65.7M
FY2022$62.7M
FY2023$57.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 1976.

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; $147K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President/CEO
$142,934Pt VII · Sec A
Board Member
$720Pt VII · Sec A
Chairman of the Board
$720Pt VII · Sec A
Vice Chairman of Board
$720Pt VII · Sec A
$720Pt VII · Sec A
Board Member
$660Pt VII · Sec A
Secretary of Board
$660Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Pam Toler$142,934$130,980$120,694$116,405
Ed Long JR$720$900—$720
Michael Robbins$720$900—$720
Larry Starrett$660$900—$720
Jim Williams$720$780—$720
Martin Daniel SR—$780——
Robert Edmondson JR$720$660—$600
Walter Ashwood$660$720—$720

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 Texas Telcom 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 II10 listed

Programs and updates

Offers credit union financial services to members.

Questions for Texas Telcom Credit Union

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1 program · $2.5M · in their own filed words · FY2023
01

Voluntary, cooperative, non-profit savings institution (credit union), incorporated under the provisions of the Texas Credit Union Act, for the purpose of encouraging thrift among its members, providing credit at a fair and reasonable rate of interest and providing an opportunity to improve their economic condition.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-0899177) · Dispute this line
$2.5Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$342K
Money outPt IX
$2.5M
Ln 25
Owns and owesPt X
$57.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$57.3M
LiabilitiesLn 26$113K
PeoplePt VI, VII
8
listed · VII A
PaidVII A7
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$342K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$243K
SavingsLn 2$3.0M
Cash and savings togetherLn 1–2$3.2M
Accounts receivableLn 4$79K
Loans to officers and key peopleLn 5$123K
Notes and loans receivableLn 7$30.5M
Prepaid expenses and deferred chargesLn 9$200K
Land, buildings, equipmentLn 10c$859K
InvestmentsLn 11–13$22.1M
Other assetsLn 15$181K
Total assetsLn 16$57.3M
LiabilitiesLn 26$113K
Net assetsLn 32$57.2M
OperationsPt I, VI
EmployeesI 510
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 FY23End FY23
Cash and savingsLn 1–2$3.2M$3.2M
InvestmentsLn 11–13$28.5M$22.1M
Land, buildings, equipmentLn 10c$886K$859K
Total assetsLn 16$63.0M$57.3M
LiabilitiesLn 26$292K$113K
Net assetsLn 32$62.7M$57.2M
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 officers and key staff (Part IX, line 5)Ln 5$147K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$481K
Pension plan contributionsLn 8$55K
Other employee benefitsLn 9$33K
Payroll taxesLn 10$49K
Management feesLn 11a$0
Legal feesLn 11b$10K
Accounting feesLn 11c$13K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$72K
Advertising and promotionLn 12$156K
Office expensesLn 13$113K
Information technologyLn 14$234K
RoyaltiesLn 15$0
OccupancyLn 16$81K
TravelLn 17$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19−$6K
InterestLn 20$789K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$27K
Other expenses (24a–d)Ln 24$285K
All other expensesLn 24e−$2K
Total functional expensesLn 25$2.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Feb 21, 2024 $2.4M$2.5M−$103K$57.2M 990 PDF
FY2022Filed with the IRS Mar 24, 2023 $2.3M$2.1M$201K$62.7M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $2.4M$2.2M$169K$65.7M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $2.5M$2.2M$332K$59.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $2,445,041 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,978,049$2,103,497
I-10 Investment incomePrior year $361,838$341,544
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,339,887$2,445,041
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 $735,904$764,882
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,402,736$1,782,816
I-18 Total expensesPrior year $2,138,640$2,547,698
I-19 Revenue less expensesPrior year $201,247−$102,657
Part VI · Governance 0 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
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 $2,445,041 across 5 lines filed
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 $2,103,497 · Unrelated business $0 · Excluded from tax $0$2,103,497
VIII-3 Investment incomeRelated to mission $341,544 · Unrelated business $0 · Excluded from tax $0$341,544
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $2,445,041 · Unrelated business $0 · Excluded from tax $0$2,445,041
Part IX · Statement of functional expenses $2,547,698 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 officers and key staff (Part IX, line 5)$147,134
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$480,701
IX-8 Pension plan contributions$54,921
IX-9 Other employee benefits$33,448
IX-10 Payroll taxes$48,678
IX-11a Management fees$0
IX-11b Legal fees$9,736
IX-11c Accounting fees$13,334
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$72,271
IX-12 Advertising and promotion$156,050
IX-13 Office expenses$113,093
IX-14 Information technology$233,571
IX-15 Royalties$0
IX-16 Occupancy$81,432
IX-17 Travel$2,000
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings−$5,833
IX-20 Interest$788,696
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$8,501
IX-23 Insurance$26,881
IX-24 Other expenses (24a–d)$285,028
IX-24e All other expenses−$1,944
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,547,698
Part X · Balance sheet $57,273,243 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $221,130$243,233
X-2 Savings and temporary cash investmentsStart of year $2,975,788$3,003,646
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $107,929$79,473
X-5 Loans to officers and key peopleStart of year $123,875$122,944
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $29,777,622$30,505,090
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $169,961$200,085
X-10c Land, buildings and equipment, netStart of year $886,046$858,731
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $28,541,304$22,079,268
X-14 Intangible assets$0
X-15 Other assetsStart of year $172,814$180,773
X-16 Total assetsStart of year $62,976,469$57,273,243
X-17 Accounts payable and accrued expensesStart of year $291,861$113,432
X-26 Total liabilitiesStart of year $291,861$113,432
X-29 Capital stock or trust principalStart of year $55,382,058$49,463,608
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $7,302,550$7,696,203
X-32 Total net assets or fund balancesStart of year $62,684,608$57,159,811
X-33 Total liabilities and net assetsStart of year $62,976,469$57,273,243
Part XI · Reconciliation of net assets $57,159,811 net assets at year end
XI-1 Total revenue$2,445,041
XI-2 Total expenses$2,547,698
XI-3 Revenue less expenses−$102,657
XI-4 Net assets at start of year$62,684,608
XI-5 Net unrealized gains (losses) on investments$332,874
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−$5,755,014
XI-10 Net assets at end of year$57,159,811

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

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