De Soto Mo Pac Credit Union
- Assets
- $22.0m
- Revenue
- $804.6k
- Investments
- $5.7m
- Employees
- 7
- Location
- De Soto, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-0722166
Organization Overview
De Soto Mo Pac Credit Union is located in De Soto, MO. As of 12/2021, DE Soto MO Pac Credit Union employed 7 individuals. DE Soto MO Pac 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, DE Soto MO Pac Credit Union generated $804.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $666.6k during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT CREDIT UNION FORMED TO ENCOURAGE THRIFT AMONG ITS MEMBERS. WE CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDE OUR MEMBERS WITH EARNINGS, SAVINGS, BENEFITS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTARY, NON-PROFIT CREDIT UNION, INCORPORATED UNDER MISSOURI STATUTES FOR THE PURPOSES OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT AT AT FAIR AND REASONABLE RATE OF INTEREST, PROVIDING FOR MUTUAL BENEFIT OF ITS MEMBERS WITH EARNINGS, SAVINGS, BENEFITS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Thebeau Treas./mgr | OfficerTrustee | 40 | $60,150 |
John Kite Chairperson | OfficerTrustee | 1 | $0 |
Richard Pica Secretary | OfficerTrustee | 1 | $0 |
John Rogers Vice-Chair | OfficerTrustee | 1 | $0 |
John Benson Member | Trustee | 0.5 | $0 |
Andrew Daugherty Member | 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 | $804,617 |
| Investment income | $0 |
| 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 | $804,617 |
| 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 | $199,895 |
| Pension plan accruals and contributions | $6,399 |
| Other employee benefits | $0 |
| Payroll taxes | $15,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,839 |
| Fees for services: Accounting | $4,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,720 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,872 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,214 |
| Insurance | $0 |
| All other expenses | $116,958 |
| Total functional expenses | $666,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,857 |
| Savings and temporary cash investments | $3,573,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $156,404 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,912,784 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $153,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,683,651 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,621 |
| Total assets | $21,956,500 |
| Accounts payable and accrued expenses | $0 |
| 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 | $82,679 |
| Total liabilities | $82,679 |
| 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 | $21,873,821 |
| Total liabilities and net assets/fund balances | $21,956,500 |
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