Energy Plus Credit Union
- Assets
- $42.1m
- Revenue
- $2.0m
- Investments
- $11.2m
- Employees
- 18
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2022
- EIN
- 35-6031691
Organization Overview
Energy Plus Credit Union is located in Indianapolis, IN. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Energy Plus Credit Union employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Plus 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, Energy Plus Credit Union generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 2.0% 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
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAN AND SHARE PRODUCTS TO CREDIT UNION MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Grimmer Chairperson | OfficerTrustee | 1 | $0 |
Mark Vogler Vice Chair | OfficerTrustee | 1 | $0 |
John Hopwood Treasurer | OfficerTrustee | 1 | $0 |
Brenda Wade Secretary | OfficerTrustee | 1 | $0 |
Jim Davis Director | Trustee | 1 | $0 |
Vicki Garrett 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 | $1,849,900 |
| Investment income | $152,649 |
| 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 | $2,002,549 |
| 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 | $602,604 |
| Pension plan accruals and contributions | $16,053 |
| Other employee benefits | $118,764 |
| Payroll taxes | $45,309 |
| 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 | $512,185 |
| Advertising and promotion | $58,640 |
| Office expenses | $72,687 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,129 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,311 |
| Insurance | $17,560 |
| All other expenses | $27,623 |
| Total functional expenses | $1,799,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $29,736,350 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $196,235 |
| Net Land, buildings, and equipment | $74,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,185,400 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $419,265 |
| Total assets | $42,138,149 |
| Accounts payable and accrued expenses | $231,846 |
| 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 | $35,695,726 |
| Total liabilities | $35,927,572 |
| 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 | $6,210,577 |
| Total liabilities and net assets/fund balances | $42,138,149 |