Kemba Indianapolis Credit Union
- Assets
- $83.8m
- Revenue
- $3.5m
- Investments
- $52.4m
- Employees
- 17
- Location
- Indianapolis, IN
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 35-6028204
Organization Overview
Kemba Indianapolis Credit Union is located in Indianapolis, IN. The organization was established in 2019. 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, Kemba Indianapolis Credit Union employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kemba Indianapolis 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, Kemba Indianapolis Credit Union generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $3.2m 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
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LOANS AND DEPOSITS SERVICES TO CREDIT UNION MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Sahm Director | Trustee | 1 | $0 |
Ron Seay Director | Trustee | 1 | $0 |
Tom Bohn Director | Trustee | 1 | $0 |
Tom Greiner Director | Trustee | 1 | $0 |
Paul Heazeltine Director | Trustee | 1 | $0 |
Alice Wessel Director | Trustee | 1 | $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 | $2,718,192 |
| Investment income | $583,979 |
| 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 | $3,531,627 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,255,658 |
| Pension plan accruals and contributions | $42,018 |
| Other employee benefits | $155,691 |
| Payroll taxes | $90,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $474,488 |
| Advertising and promotion | $29,508 |
| Office expenses | $0 |
| Information technology | $19,189 |
| Royalties | $0 |
| Occupancy | $56,618 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,299 |
| Interest | $120,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,209 |
| Insurance | $10,352 |
| All other expenses | $133 |
| Total functional expenses | $3,186,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,586 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,517 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,762,369 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $110,616 |
| Net Land, buildings, and equipment | $324,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $52,399,120 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,953,946 |
| Total assets | $83,830,914 |
| Accounts payable and accrued expenses | $398,857 |
| 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 | $72,337,962 |
| Total liabilities | $72,736,819 |
| 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 | $3,168,393 |
| Retained earnings, endowment, accumulated income, or other funds | $7,925,702 |
| Total liabilities and net assets/fund balances | $83,830,914 |