Kansas Teachers Community Credit Union
- Assets
- $128.8m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 69
- Location
- Pittsburg, KS
- Founding
- 12/1978
- Data as of
- 12/2022
- EIN
- 48-0590867
Organization Overview
Kansas Teachers Community Credit Union is located in Pittsburg, KS. The organization was established in 1978. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Kansas Teachers Community Credit Union employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Teachers Community 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, Kansas Teachers Community Credit Union generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 4.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR 13,378 MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $244,324 FOR THE YEAR 2022. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. LOANS OUTSTANDING AS OF DECEMBER 31, 2022, TOTALED $80,495,718..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elesa Parsons Current Presidentceo | Officer | 40 | $156,722 |
Becky Franklin Vice President | Officer | 40 | $94,269 |
Mark Kolarik President | 40 | $74,391 | |
Tim Gray Vice President Of Operations | Officer | 40 | $6,038 |
Chris Okeke Board Member | Trustee | 1 | $0 |
Theresa Presley Board 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 | $4,160,344 |
| Investment income | $603,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,800,601 |
| 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. | $331,420 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $961,277 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $246,312 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $565,243 |
| Advertising and promotion | $66,305 |
| Office expenses | $464,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $280,395 |
| Travel | $18,458 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $116,662 |
| Total functional expenses | $3,982,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,233,335 |
| Savings and temporary cash investments | $38,672,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $193,582 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $80,302,136 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $449,319 |
| Net Land, buildings, and equipment | $2,933,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,046,403 |
| Total assets | $128,829,987 |
| Accounts payable and accrued expenses | $1,478,635 |
| 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 | $114,729,657 |
| Total liabilities | $116,208,292 |
| 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 | $12,621,695 |
| Total liabilities and net assets/fund balances | $128,829,987 |