Simplot Employees Credit Union: FY2021 Nonprofit Profile & Form 990 (EIN 82-0374112)

Revenue by fiscal year
FY2020	$1.1M
FY2021	$960K
FY2022	$1.0M

Expenses by fiscal year
FY2020	$1.0M
FY2021	$1.1M
FY2022	$1.5M

Net assets by fiscal year
FY2020	$21.3M
FY2021	$22.9M
FY2022	$21.7M

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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; $102K paid to officers and key staff.

Part VII, Section A · reportable compensation

Ben Grayson

Former CEO

$101,512Pt VII · Sec A

Sarah Dance

Vice Chair

$0Pt VII · Sec A

Gene Gallegos

Director

$0Pt VII · Sec A

Wendy Miller

Director

$0Pt VII · Sec A

Raelene Durant

Board Chair

$0Pt VII · Sec A

Howard Skidmore

Director

$0Pt VII · Sec A

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

Name	FY2021	FY2020
Ben Grayson	$101,512	$111,986

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
Loans to or from officersSch L · Pt II2 listed

Programs and updates

Offers loans and savings services to improve members' financial health.

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1 program · in their own filed words · FY2021

01

Savings, loans, and investments

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$960K

Ln 12

Fees for servicesLn 2g$685K

Other incomeLn 4–11$180K

Investment incomeLn 3$95K

Money outPt IX

$1.1M

Ln 25

Owns and owesPt X

$22.9M

net assets · Ln 32

Cash and savingsLn 1–2$8.2M

Total assetsLn 16$23.0M

LiabilitiesLn 26$35K

PeoplePt VI, VII

6

listed · VII A

PaidVII A1

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$685K

Investment incomeLn 3$95K

Other incomeLn 4–11$180K

Total revenueLn 12$960K

Assets in detailPt X, end of year

CashLn 1$3.4M

SavingsLn 2$4.7M

Cash and savings togetherLn 1–2$8.2M

InvestmentsLn 11–13$3.2M

Land, buildings, equipmentLn 10c$972K

Other assetsLn 15$65K

Total assetsLn 16$23.0M

LiabilitiesLn 26$35K

Net assetsLn 32$22.9M

OperationsPt I, VI

EmployeesI 513

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$9.0M	$8.2M
InvestmentsLn 11–13	$1.6M	$3.2M
Land, buildings, equipmentLn 10c	$55K	$972K
Total assetsLn 16	$21.3M	$23.0M
LiabilitiesLn 26	$32K	$35K
Net assetsLn 32	$21.3M	$22.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$382K
Pension plan contributionsLn 8	$11K
Other employee benefitsLn 9	$41K
Payroll taxesLn 10	$30K
Accounting feesLn 11c	$62K
Advertising and promotionLn 12	$3K
Office expensesLn 13	$261K
Information technologyLn 14	$32K
OccupancyLn 16	$38K
TravelLn 17	$473
Conferences, conventions and meetingsLn 19	$368
Depreciation, depletion and amortizationLn 22	$56K
InsuranceLn 23	$21K
Other expenses (24a–d)Ln 24	$116K
Total functional expensesLn 25	$1.1M	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest	$1.0M	$1.5M	−$430K	$21.7M	990 PDF
FY2021 Viewing	$960K	$1.1M	−$95K	$22.9M	990 PDF
FY2020	$1.1M	$1.0M	$40K	$21.3M	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 FY2021 990 (6 parts)

Part I · Summary $960,278 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $789,860$685,194

I-10 Investment incomePrior year $127,067$94,631

I-11 Other revenuePrior year $159,672$180,453

I-12 Total revenuePrior year $1,076,599$960,278

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $530,345$464,062

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $505,829$590,982

I-18 Total expensesPrior year $1,036,174$1,055,044

I-19 Revenue less expensesPrior year $40,425−$94,766

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 $960,278 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $685,194$685,194

VIII-3 Investment incomeRelated to mission $94,631$94,631

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $177,511 · Unrelated business $2,942$180,453

VIII-12 Total revenueRelated to mission $957,336 · Unrelated business $2,942$960,278

Part IX · Statement of functional expenses $1,055,044 across 14 lines filed

IX-7 Other salaries and wages$382,262

IX-8 Pension plan contributions$10,634

IX-9 Other employee benefits$41,259

IX-10 Payroll taxes$29,907

IX-11c Accounting fees$62,168

IX-12 Advertising and promotion$3,198

IX-13 Office expenses$261,115

IX-14 Information technology$32,062

IX-16 Occupancy$37,688

IX-17 Travel$473

IX-19 Conferences, conventions and meetings$368

IX-22 Depreciation, depletion and amortization$56,294

IX-23 Insurance$21,161

IX-24 Other expenses (24a–d)$116,455

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,055,044

Part X · Balance sheet $22,977,752 assets, 12 lines filed

Asset lines not itemized here account for $10,494,126; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $2,592,442$3,429,639

X-2 Savings and temporary cash investmentsStart of year $6,414,852$4,732,753

X-4 Accounts receivableStart of year $37,799$32,251

X-9 Prepaid expenses and deferred chargesStart of year $23,223$50,100

X-10c Land, buildings and equipment, netStart of year $54,781$972,479

X-11 Publicly traded securitiesStart of year $1,556,533$3,201,870

X-15 Other assetsStart of year $56,676$64,534

X-16 Total assetsStart of year $21,304,974$22,977,752

X-17 Accounts payable and accrued expensesStart of year $31,895$34,834

X-26 Total liabilitiesStart of year $31,895$34,834

X-32 Total net assets or fund balancesStart of year $21,273,079$22,942,918

X-33 Total liabilities and net assetsStart of year $21,304,974$22,977,752

Part XI · Reconciliation of net assets $22,942,918 net assets at year end

XI-1 Total revenue$960,278

XI-2 Total expenses$1,055,044

XI-3 Revenue less expenses−$94,766

XI-4 Net assets at start of year$21,273,079

XI-8 Prior period adjustments$6,882

XI-9 Other changes in net assets$1,757,723

XI-10 Net assets at end of year$22,942,918

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

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Simplot Employees Credit Union FY2021 filing

Before you give

Is it real?

Who runs it and what they're paid

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

Questions the 990 asks

Programs and updates

Questions for Simplot Employees Credit Union

By the numbers

Filing history

Schedules filed Part IV