Burlington Northtown Community Credit Union Union
- Assets
- $15.3m
- Revenue
- $629.9k
- Investments
- $0.0
- Employees
- 3
- Location
- North Kansas City, MO
- Founding
- Data as of
- 12/2022
- EIN
- 44-0401329
Organization Overview
Burlington Northtown Community Credit Union Union is located in North Kansas City, MO. As of 12/2022, Burlington Northtown Community Credit Union Union employed 3 individuals. Burlington Northtown Community Credit Union 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, Burlington Northtown Community Credit Union Union generated $629.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $512.3k during the year ending 12/2022. While expenses have increased by 0.4% 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 HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 1,470 MEMBERS
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $47,615
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Galloway President | 40 | $97,452 | |
David Smith Chairperson | Trustee | 3 | $0 |
Kenneth Britt Vice Chairperson | Trustee | 3 | $0 |
Kelly Pollard Treasurer | Trustee | 3 | $0 |
Valetha Perry Board Secretary | Trustee | 3 | $0 |
Edward Williams Board Member | Trustee | 3 | $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 | $460,866 |
| Investment income | $169,012 |
| 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 | $629,878 |
| 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. | $97,452 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,497 |
| Pension plan accruals and contributions | $6,314 |
| Other employee benefits | $25,384 |
| Payroll taxes | $18,609 |
| Fees for services: Management | $3,309 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,056 |
| Office expenses | $18,430 |
| Information technology | $77,264 |
| Royalties | $0 |
| Occupancy | $42,323 |
| Travel | $550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,650 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,508 |
| Insurance | $9,296 |
| All other expenses | $0 |
| Total functional expenses | $512,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,260 |
| Savings and temporary cash investments | $4,506,472 |
| 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 | $7,678,231 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,125 |
| Net Land, buildings, and equipment | $384,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,533,568 |
| Total assets | $15,313,731 |
| Accounts payable and accrued expenses | $165,910 |
| 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 | $12,452,780 |
| Total liabilities | $12,618,690 |
| 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 | $2,695,041 |
| Total liabilities and net assets/fund balances | $15,313,731 |
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