Mountain Gem Credit Union

Nampa, IDUnknown exempt organization EIN 82-0231516Revenue $4K in FY2021

On file with the IRSmountaingemcu.org421 11th Ave S Po Box 309 · Nampa, ID

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State Chartered Credit Union

Run by 5 volunteers and 17 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $1.1M a year · 18642% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 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
$47K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4K
-43% vs prior year
Spent
$908K
To programs
0%
Net assets
$0
By yearFY2020–FY2021
Revenue
$4K
FY2021▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$7K
FY2021$4K
Expenses
$908K
FY2021▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$908K
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$18.2M
FY2021$0

From the FY2021 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Who runs it and what they're paid

6 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Director/CEO
$46,875Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2021FY2020
Cheri L Schaafs$46,875$74,275

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

Mountain Gem Credit Union is a nonprofit organization based in Nampa, ID.

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1 program · in their own filed words · FY2021
01

Mutual, Member Benefit Programs, General/Other

Operating for over 50 years providing safe, high quality financial services to the member owners.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4K
Ln 12
Investment incomeLn 3$4K
Money outPt IX
$908K
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fundraising eventsLn 1c$0
Investment incomeLn 3$4K
Gains on assetsLn 7$0
Total revenueLn 12$4K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 517
VolunteersI 65
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 FY21End FY21
Cash and savingsLn 1–2$6.3M$0
Land, buildings, equipmentLn 10c$98K$0
Total assetsLn 16$18.5M$0
LiabilitiesLn 26$284K$0
Net assetsLn 32$18.2M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$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$47K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$173K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$35K
Payroll taxesLn 10$18K
Management feesLn 11a$726
Legal feesLn 11b$0
Accounting feesLn 11c$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K
Office expensesLn 13$183K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$38K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$36K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$50K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$320K
Total functional expensesLn 25$908K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $4K$908K−$903K$0 990 PDF
FY2020 $7K$1.3M−$1.2M$18.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $4,208 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,319$4,208
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,319$4,208
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 $509,880$272,762
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $742,877$634,896
I-18 Total expensesPrior year $1,252,757$907,658
I-19 Revenue less expensesPrior year −$1,245,438−$903,450
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $4,208 across 8 lines filed
VIII-1c Fundraising events$0
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $4,208 · Unrelated business $0 · Excluded from tax $0$4,208
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $4,208 · Unrelated business $0 · Excluded from tax $0$4,208
Part IX · Statement of functional expenses $907,658 across 29 lines filed
IX-1 Grants to domestic organizations$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$46,875
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$172,758
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$34,905
IX-10 Payroll taxes$18,224
IX-11a Management fees$726
IX-11b Legal fees$0
IX-11c Accounting fees$1,402
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$2,193
IX-13 Office expenses$182,639
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$37,700
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$36,345
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$49,764
IX-23 Insurance$4,194
IX-24 Other expenses (24a–d)$319,933
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$907,658
Part X · Balance sheet $0 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $111,904$0
X-2 Savings and temporary cash investmentsStart of year $6,233,160$0
X-9 Prepaid expenses and deferred chargesStart of year $69,274$0
X-10c Land, buildings and equipment, netStart of year $97,887$0
X-15 Other assetsStart of year $189,924$0
X-16 Total assetsStart of year $18,474,987$0
X-17 Accounts payable and accrued expensesStart of year $24,756$0
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 $258,860$0
X-26 Total liabilitiesStart of year $283,616$0
X-32 Total net assets or fund balancesStart of year $18,191,371$0
X-33 Total liabilities and net assetsStart of year $18,474,987$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$4,208
XI-2 Total expenses$907,658
XI-3 Revenue less expenses−$903,450
XI-4 Net assets at start of year$18,191,371
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−$17,287,921
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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