Quaker Oats Credit Union
- Assets
- $13.3m
- Revenue
- $494.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Cedar Rapids, IA
- Founding
- Data as of
- 12/2021
- EIN
- 42-0816863
Organization Overview
Quaker Oats Credit Union is located in Cedar Rapids, IA. As of 12/2021, Quaker Oats Credit Union employed 4 individuals. Quaker Oats 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 12/2021, Quaker Oats Credit Union generated $494.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $486.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 5 years. 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 BE A SAFE AND SOUND CREDIT UNION. LENDING AND SAVINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES APPROXIMATELY 1,815 MEMBERS FOR LOANS AND SAVINGS IN 2021. THE ORGANIZATIONS LARGEST EXPENSE IS DIVIDEND EXPENSE PAID ON SHARE ACCOUNTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Lemke CEO | Officer | 50 | $47,420 |
Joann Elliott President | OfficerTrustee | 1 | $0 |
Ken Owens Chairman | OfficerTrustee | 1 | $0 |
Joe Conner Vice Chairman | OfficerTrustee | 1 | $0 |
Brad Dvorak Secretary | OfficerTrustee | 1 | $0 |
Rook Gerhardt Audit Committee | 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 | $366,472 |
| Investment income | $18,490 |
| 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 | $494,944 |
| 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. | $58,140 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,780 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,116 |
| Payroll taxes | $11,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $356 |
| Fees for services: Accounting | $11,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,045 |
| Office expenses | $67,368 |
| Information technology | $22,745 |
| Royalties | $0 |
| Occupancy | $23,264 |
| Travel | $753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,850 |
| Interest | $23,936 |
| Payments to affiliates | $2,407 |
| Depreciation, depletion, and amortization | $16,845 |
| Insurance | $615 |
| All other expenses | $10,989 |
| Total functional expenses | $486,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,416,495 |
| Savings and temporary cash investments | $1,042,928 |
| 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 | $6,359,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,231 |
| Net Land, buildings, and equipment | $81,983 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,265,205 |
| Intangible assets | $0 |
| Other assets | $104,758 |
| Total assets | $13,295,600 |
| Accounts payable and accrued expenses | $47,602 |
| 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 | $11,590,341 |
| Total liabilities | $11,637,943 |
| 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 | $442,001 |
| Retained earnings, endowment, accumulated income, or other funds | $1,215,656 |
| Total liabilities and net assets/fund balances | $13,295,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Colorado Coalition For The Homeless Denver, CO | $156,626,043 | $115,127,641 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Cckc4 Inc Wichita, KS | $1,278,082,464 | $69,570,660 |