Ellis Credit Union
- Assets
- $5.2m
- Revenue
- $152.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Ellis, KS
- Founding
- Data as of
- 12/2021
- EIN
- 48-0625757
Organization Overview
Ellis Credit Union is located in Ellis, KS. As of 12/2021, Ellis Credit Union employed 2 individuals. Ellis 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, Ellis Credit Union generated $152.0k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $136.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 2 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
WE ARE A PROVIDER OF FINANCIAL SERVICES FOR MUTUAL PURPOSES. WE ALSO PROVIDE A SOURCE OF CREDIT TO 757 MEMBERS AT FAIR AND REASONABLE RATES OF INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDER OF FINANCIAL SERVICES FOR MUTUAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Pfeifer Manager | 23 | $52,000 | |
Glen Keller President | OfficerTrustee | 3 | $0 |
Eldon Pfeifer Vice President | OfficerTrustee | 2.5 | $0 |
Amy Staab Secretary | OfficerTrustee | 4 | $0 |
Lisa Cox Treasurer | OfficerTrustee | 3.5 | $0 |
Sandra Roben Member | Trustee | 2.5 | $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 | $137,244 |
| Investment income | $9,698 |
| 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 | $151,978 |
| 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. | $52,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,615 |
| Office expenses | $32,139 |
| Information technology | $2,156 |
| Royalties | $0 |
| Occupancy | $3,010 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,785 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,236 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $135,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $1,302,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,967 |
| Loans from Officers, Directors, or Controlling Persons | $99,617 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,243,706 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,936 |
| Net Land, buildings, and equipment | $35,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,462,286 |
| Total assets | $5,165,178 |
| Accounts payable and accrued expenses | $3,666 |
| 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 | $4,315,072 |
| Total liabilities | $4,318,738 |
| 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 | $846,440 |
| Total liabilities and net assets/fund balances | $5,165,178 |
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