Ellis Credit Union
- Assets
- $5.2m
- Revenue
- $194.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Ellis, KS
- Founding
- Data as of
- 12/2023
- EIN
- 48-0625757
Organization Overview
Ellis Credit Union is located in Ellis, KS. As of 12/2023, 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 12/2023, Ellis Credit Union generated $194.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $163.3k during the year ending 12/2023. 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
2023
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 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 | $57,458 | |
Eldon Pfeifer President | OfficerTrustee | 0 | $0 |
Glen Keller Vice President | OfficerTrustee | 0 | $0 |
Lisa Cox Director | OfficerTrustee | 0 | $0 |
Amy Staab Secretary | OfficerTrustee | 0 | $0 |
Mike Schuster Chairman | Trustee | 0 | $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 | $105,765 |
| Investment income | $86,166 |
| 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 | $194,686 |
| 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. | $57,458 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,875 |
| 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 | $2,257 |
| Office expenses | $24,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,706 |
| Travel | $1,418 |
| 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 | $3,000 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $163,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60 |
| Savings and temporary cash investments | $259,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,950,479 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,822 |
| Net Land, buildings, and equipment | $29,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,968,530 |
| Total assets | $5,231,148 |
| Accounts payable and accrued expenses | $18,722 |
| 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 | $4,326,419 |
| Total liabilities | $4,345,141 |
| 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 | $886,007 |
| Total liabilities and net assets/fund balances | $5,231,148 |