Div 819 Transit Employees CU
- Assets
- $21.7m
- Revenue
- $825.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Irvington, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 22-1500095
Organization Overview
Div 819 Transit Employees CU is located in Irvington, NJ. As of 12/2021, Div 819 Transit Employees CU employed 12 individuals. Div 819 Transit Employees CU is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Div 819 Transit Employees CU generated $825.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $765.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAVINGS ACCOUNTS AND LOANS TO NEW JERSEY TRANSIT UNION MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SAVINGS ACCOUNT AND LOANS TO NEW JERSEY TRANSIT UNION MEMBERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley King Manager | Officer | 35 | $65,063 |
Gloria Rivera Assistant Manager | Officer | 35 | $51,750 |
Alexandria Burroughs Teller | Officer | 35 | $42,406 |
Orlando Riley Chairman | Officer | 2 | $18,000 |
Clarise Tabron Financial Secretary | Trustee | 10 | $8,400 |
Veronica Cobb Director | Officer | 2 | $5,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $741,651 |
| Investment income | $83,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $825,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $214,185 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,199 |
| Other employee benefits | $0 |
| Payroll taxes | $18,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,773 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $38,540 |
| Information technology | $18,704 |
| Royalties | $0 |
| Occupancy | $23,684 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $255,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,646 |
| Insurance | $44,762 |
| All other expenses | $0 |
| Total functional expenses | $765,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,119 |
| Savings and temporary cash investments | $14,728,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,331 |
| Net Land, buildings, and equipment | $11,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,589,655 |
| Total assets | $21,662,700 |
| Accounts payable and accrued expenses | $224,189 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,748,561 |
| Total liabilities | $18,972,750 |
| Net assets without donor restrictions | $2,551,851 |
| Net assets with donor restrictions | $138,099 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,662,700 |
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