Heartland Credit Union Association
- Assets
- $10.3m
- Revenue
- $4.0m
- Investments
- $762.5k
- Employees
- 21
- Location
- Overland Park, KS
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-4430428
Organization Overview
Heartland Credit Union Association is located in Overland Park, KS. The organization was established in 2015. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Heartland Credit Union Association employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Credit Union Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Heartland Credit Union Association generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 6 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
TO ENHANCE THE ABILITY OF CREDIT UNIONS TO SUCCESSFULLY MEET THE NEEDS OF THEIR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS, PUBLICATIONS, EDUCATIONAL SEMINARS FOR MEMBERS TO FURTHER THE EDUCATION AND UNDERSTANDING OF CREDIT UNIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Nastars Chair | OfficerTrustee | 1 | $0 |
Rick Nichols Vice Chair | OfficerTrustee | 1 | $0 |
Brenda Kliewer Secretary/treasurer | OfficerTrustee | 1 | $0 |
Brad Douglas President & CEO | Officer | 24 | $0 |
Amy Mclard Exc. Director Of Legal Affairs | Officer | 40 | $0 |
Lisa Althoff-Simmons Interim CEO | Officer | 38 | $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 | $3,715,119 |
| Investment income | $291,504 |
| 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 | $4,005,798 |
| 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. | $1,187,086 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,468 |
| Pension plan accruals and contributions | $233,891 |
| Other employee benefits | $185,538 |
| Payroll taxes | $16,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,865 |
| Fees for services: Accounting | $11,665 |
| Fees for services: Lobbying | $185,065 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,374 |
| Fees for services: Other | $295,442 |
| Advertising and promotion | $2,349 |
| Office expenses | $89,065 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,188 |
| Travel | $46,727 |
| 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 | $67,127 |
| Insurance | $0 |
| All other expenses | -$225,339 |
| Total functional expenses | $3,487,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,274,309 |
| Savings and temporary cash investments | $1,669,886 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $401,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $112,195 |
| Net Land, buildings, and equipment | $575,275 |
| Investments—publicly traded securities | $4,541,136 |
| Investments—other securities | $762,512 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,336,481 |
| Accounts payable and accrued expenses | $408,702 |
| Grants payable | $0 |
| Deferred revenue | $437,090 |
| 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 | $354,938 |
| Total liabilities | $1,200,730 |
| 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 | $9,135,751 |
| Total liabilities and net assets/fund balances | $10,336,481 |
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|---|---|---|
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Mountain West Credit Union Association Denver, CO | $19,431,586 | $5,605,169 |
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