Div 819 Transit Employees CU
- Assets
- $17.6m
- Revenue
- $735.2k
- Investments
- $0.0
- Employees
- 13
- Location
- Irvington, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 22-1500095
Organization Overview
Div 819 Transit Employees CU is located in Irvington, NJ. As of 12/2022, Div 819 Transit Employees CU employed 13 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 12/2022, Div 819 Transit Employees CU generated $735.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $800.3k during the year ending 12/2022. 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
2022
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 | $66,274 |
Gloria Rivera Assistant Manager | Officer | 35 | $53,035 |
Alexandria Burroughs Teller | Officer | 35 | $35,159 |
Orlando Riley Chairman | Officer | 10 | $18,000 |
Clarise Tabron Financial Secretary | Officer | 10 | $8,400 |
Veronica Cobb Director | Officer | 2 | $5,700 |
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 | $650,036 |
| Investment income | $85,169 |
| 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 | $735,205 |
| 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. | $209,836 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,217 |
| Other employee benefits | $0 |
| Payroll taxes | $18,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,748 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $40,618 |
| Information technology | $27,760 |
| Royalties | $0 |
| Occupancy | $23,866 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $205,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,366 |
| Insurance | $18,574 |
| All other expenses | $0 |
| Total functional expenses | $800,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,541 |
| Savings and temporary cash investments | $10,407,030 |
| 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 | $5,163 |
| Net Land, buildings, and equipment | $9,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,377,792 |
| Total assets | $17,627,058 |
| Accounts payable and accrued expenses | $168,707 |
| 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 | $14,834,051 |
| Total liabilities | $15,002,758 |
| Net assets without donor restrictions | $2,486,201 |
| 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 | $17,627,058 |