1368 Code Credit Union
- Assets
- $163.8m
- Revenue
- $7.5m
- Investments
- $16.5m
- Employees
- 39
- Location
- Dayton, OH
- Founding
- 04/1969
- Data as of
- 12/2022
- EIN
- 31-1225765
Organization Overview
1368 Code Credit Union is located in Dayton, OH. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, 1368 Code Credit Union employed 39 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 1368 Code Credit Union 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, 1368 Code Credit Union generated $7.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $6.4m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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 FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Scott Rutherford President/ceo/treasurer | OfficerTrustee | 40 | $245,528 |
A Doyle Burke Board Chairman | Trustee | 1 | $0 |
J Chris Krug Director | Trustee | 0.25 | $0 |
William Gillispie Director | Trustee | 0.25 | $0 |
David Seagraves Board Vice Chair | Trustee | 0.25 | $0 |
Michael Deborde Board Secretary | Trustee | 0.5 | $0 |
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 | $6,727,812 |
| Investment income | $733,524 |
| 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 | $7,461,336 |
| 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. | $647,160 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,128,238 |
| Pension plan accruals and contributions | $149,102 |
| Other employee benefits | $249,409 |
| Payroll taxes | $127,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,421 |
| Fees for services: Accounting | $42,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,274 |
| Advertising and promotion | $286,905 |
| Office expenses | $762,988 |
| Information technology | $865,065 |
| Royalties | $0 |
| Occupancy | $297,674 |
| Travel | $5,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,950 |
| Interest | $396,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,574 |
| Insurance | $39,874 |
| All other expenses | $0 |
| Total functional expenses | $6,419,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $968,866 |
| Savings and temporary cash investments | $10,315,917 |
| 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 | $91,565,499 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $838,036 |
| Net Land, buildings, and equipment | $5,008,361 |
| Investments—publicly traded securities | $27,661,474 |
| Investments—other securities | $16,546,134 |
| Investments—program-related | $1,042,495 |
| Intangible assets | $0 |
| Other assets | $9,870,970 |
| Total assets | $163,817,752 |
| Accounts payable and accrued expenses | $1,438,302 |
| 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 | $2,000,000 |
| Other liabilities | $144,069,477 |
| Total liabilities | $147,507,779 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $16,309,973 |
| Total liabilities and net assets/fund balances | $163,817,752 |