Sooper Credit Union FY2020 filing

Not tax-deductible

Arvada, COMutual-benefit / member-servingSince 1951EIN 84-0419976Revenue $22.1M in FY2020

On file with the IRSsoopercu.org5005 W 60th Ave, 80003-6918 · Arvada, COTax-exempt since Aug 1968

This page gets seen. Tell your story. Claim this org.

To improve our communities' quality of life by enhancing our members' financial well-being.

$2.0M 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $6.1M a year · 18% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$2.0M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$428.0M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.1M
Spent
$19.6M
Net assets
$49.3M
By yearFY2020–FY2024
Revenue
$22.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$22.1M
FY2021$25.5M
FY2022$32.9M
FY2023$42.6M
FY2024$50.6M
Expenses
$19.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$19.6M
FY2021$19.5M
FY2022$23.7M
FY2023$34.8M
FY2024$45.5M
Net assets
$49.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$49.3M
FY2021$54.9M
FY2022$60.8M
FY2023$68.5M
FY2024$73.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1968.

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

Who runs it and what they're paid

25 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/President
$368,050Pt VII · Sec A
$317,856Pt VII · Sec A
Chief Financial Officer
$215,001Pt VII · Sec A
Loan Officer
$154,216Pt VII · Sec A
Chief Lending Officer
$126,717Pt VII · Sec A
$118,145Pt VII · Sec A
VP Retail
$115,932Pt VII · Sec A
Branch Manager
$109,336Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Carrie Langgard$620,045$503,694$385,821$236,298$215,001
Daniel Kester——$323,334$412,307$368,050
Darrell Mann————$317,856
Gary Robbins$304,176$277,704$243,984$170,580$126,717
Charlie Emanuel$302,696$268,408$161,877——
Nathan Rogers$285,271$259,585———
Nate Rogers——$212,759$148,660$18,406
Iain McHenry$205,927$70,178———

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 Sooper Credit Union executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 II5 listed

Programs and updates

Boosts members' financial health to improve community life.

Questions for Sooper Credit Union

Tap to ask. Sooper Credit Union sees how many people are interested.

Your first name shows with your question. Sooper Credit Union answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2020
01

The credit union is owned by approximately 35,500 members. The creditunion provides financial services to its members. Some of theseservices include consumer lending, mortgage lending, checking andsavings accounts, and share certificates. The credit union also offersatm, debit and credit cards, in addition to other financial services.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$22.1M
Ln 12
Fees for servicesLn 2g$20.7M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$19K
Money outPt IX
$19.6M
Ln 25
Owns and owesPt X
$49.3M
net assets · Ln 32
Cash and savingsLn 1–2$13.4M
Total assetsLn 16$477.3M
LiabilitiesLn 26$428.0M
PeoplePt VI, VII
25
listed · VII A
PaidVII A15
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$20.7M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$19K
Gains on assetsLn 7$412K
Total revenueLn 12$22.1M
Assets in detailPt X, end of year
CashLn 1$3.5M
SavingsLn 2$9.8M
Cash and savings togetherLn 1–2$13.4M
InvestmentsLn 11–13$31.9M
Land, buildings, equipmentLn 10c$9.4M
Other assetsLn 15$11.9M
Total assetsLn 16$477.3M
LiabilitiesLn 26$428.0M
Net assetsLn 32$49.3M
OperationsPt I, VI
EmployeesI 5135
VolunteersI 69
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$34.2M$13.4M
InvestmentsLn 11–13$39.0M$31.9M
Land, buildings, equipmentLn 10c$9.5M$9.4M
Total assetsLn 16$414.2M$477.3M
LiabilitiesLn 26$367.9M$428.0M
Net assetsLn 32$46.2M$49.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.1M
Other salaries and wagesLn 7$4.5M
Pension plan contributionsLn 8$257K
Other employee benefitsLn 9$639K
Payroll taxesLn 10$461K
Legal feesLn 11b$5K
Accounting feesLn 11c$158K
Other fees for servicesLn 11g$276K
Advertising and promotionLn 12$220K
Office expensesLn 13$3.3M
OccupancyLn 16$1.1M
TravelLn 17$89K
Conferences, conventions and meetingsLn 19$412
InterestLn 20$13K
Depreciation, depletion and amortizationLn 22$820K
InsuranceLn 23$137K
Other expenses (24a–d)Ln 24$5.6M
All other expensesLn 24e$43K
Total functional expensesLn 25$19.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $50.6M$45.5M$5.1M$73.5M 990 PDF
FY2023 $42.6M$34.8M$7.8M$68.5M 990 PDF
FY2022 $32.9M$23.7M$9.2M$60.8M 990 PDF
FY2021 $25.5M$19.5M$6.1M$54.9M 990 PDF
FY2020 Viewing $22.1M$19.6M$2.4M$49.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $22,056,098 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $21,195,848$20,723,615
I-10 Investment incomePrior year $1,387,829$1,313,312
I-11 Other revenuePrior year $23,540$19,171
I-12 Total revenuePrior year $22,607,217$22,056,098
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 $7,925,559$7,910,237
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,342,987$11,718,258
I-18 Total expensesPrior year $19,268,546$19,628,495
I-19 Revenue less expensesPrior year $3,338,671$2,427,603
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $22,056,098 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,723,615$20,723,615
VIII-3 Investment incomeExcluded from tax $901,593$901,593
VIII-7 Net gain or loss on sales of assetsExcluded from tax $411,719$411,719
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $19,171$19,171
VIII-12 Total revenueRelated to mission $20,723,615 · Unrelated business $19,171 · Excluded from tax $1,313,312$22,056,098
Part IX · Statement of functional expenses $19,628,495 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$2,100,577
IX-7 Other salaries and wages$4,451,611
IX-8 Pension plan contributions$257,477
IX-9 Other employee benefits$639,301
IX-10 Payroll taxes$461,271
IX-11b Legal fees$5,047
IX-11c Accounting fees$158,462
IX-11g Other fees for services$276,273
IX-12 Advertising and promotion$220,033
IX-13 Office expenses$3,260,247
IX-16 Occupancy$1,099,415
IX-17 Travel$88,846
IX-19 Conferences, conventions and meetings$412
IX-20 Interest$13,120
IX-22 Depreciation, depletion and amortization$820,331
IX-23 Insurance$136,522
IX-24 Other expenses (24a–d)$5,596,230
IX-24e All other expenses$43,320
IX-25 Total functional expenses$19,628,495
Part X · Balance sheet $477,256,074 assets, 15 lines filed
Asset lines not itemized here account for $409,857,833; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,395,761$3,545,894
X-2 Savings and temporary cash investmentsStart of year $30,834,069$9,804,950
X-4 Accounts receivableStart of year $317,515$141,813
X-9 Prepaid expenses and deferred chargesStart of year $812,852$724,735
X-10c Land, buildings and equipment, netStart of year $9,527,351$9,401,061
X-11 Publicly traded securitiesStart of year $34,826,493$28,118,933
X-12 Other securitiesStart of year $422,000$450,500
X-13 Program-related investmentsStart of year $3,801,011$3,341,374
X-15 Other assetsStart of year $16,317,677$11,868,981
X-16 Total assetsStart of year $414,152,437$477,256,074
X-17 Accounts payable and accrued expensesStart of year $2,836,397$2,902,596
X-25 Other liabilitiesStart of year $365,096,645$425,048,361
X-26 Total liabilitiesStart of year $367,933,042$427,950,957
X-32 Total net assets or fund balancesStart of year $46,219,395$49,305,117
X-33 Total liabilities and net assetsStart of year $414,152,437$477,256,074
Part XI · Reconciliation of net assets $49,305,117 net assets at year end
XI-1 Total revenue$22,056,098
XI-2 Total expenses$19,628,495
XI-3 Revenue less expenses$2,427,603
XI-4 Net assets at start of year$46,219,395
XI-5 Net unrealized gains (losses) on investments$658,119
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$49,305,117

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.