Envista Federal Credit Union
- Assets
- $527.8m
- Revenue
- $31.5m
- Investments
- $65.9m
- Employees
- 256
- Location
- Topeka, KS
- Founding
- Data as of
- 12/2022
- EIN
- 48-0669498
Organization Overview
Envista Federal Credit Union is located in Topeka, KS. As of 12/2022, Envista Federal Credit Union employed 256 individuals. Envista Federal 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, Envista Federal Credit Union generated $31.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $26.6m during the year ending 12/2022. While expenses have increased by 10.3% 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 MEMBERS WITH QUALITY SERVICES TO ACHIEVE THEIR FINANCIAL GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 45,080 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, LOANS OUTSTANDING TOTALED $428,550,096.
PAID DIVIDENDS ON DEPOSITS TOTALING $2,340,127 FOR THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Ramsey Chairman | Trustee | 1 | $0 |
Kevin Han Vice Chairman | Trustee | 1 | $0 |
Stephen Lowry Secretary | Trustee | 1 | $0 |
Janet Stanek Director | Trustee | 1 | $0 |
Deb Hall Director | Trustee | 1 | $0 |
Janney Duncan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Marketing & Advertising Partners Marketing Consulting | 12/30/22 | $164,540 |
Zimmerman & Zimmerman Pa Collection Services | 12/30/22 | $130,582 |
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 | $30,349,577 |
| Investment income | $1,089,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $63,104 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,503,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,092 |
| 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. | $730,690 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,694,126 |
| Pension plan accruals and contributions | $346,753 |
| Other employee benefits | $1,366,344 |
| Payroll taxes | $722,621 |
| Fees for services: Management | $61,131 |
| Fees for services: Legal | $41,700 |
| Fees for services: Accounting | $139,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $580,397 |
| Advertising and promotion | $986,567 |
| Office expenses | $6,337,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $906,605 |
| Travel | $44,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $265,361 |
| Interest | $131,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,081,614 |
| Insurance | $200,331 |
| All other expenses | $79,611 |
| Total functional expenses | $26,613,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,246,503 |
| Savings and temporary cash investments | $8,722,602 |
| 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 | $426,373,923 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,311,413 |
| Net Land, buildings, and equipment | $15,787,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $65,900,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,461,383 |
| Total assets | $527,804,654 |
| Accounts payable and accrued expenses | $3,133,214 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,702,951 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,068,299 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $462,069,156 |
| Total liabilities | $477,973,620 |
| 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 | $49,831,034 |
| Total liabilities and net assets/fund balances | $527,804,654 |
Grants Awarded
Over the last fiscal year, Envista Federal Credit Union has awarded $12,092 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER TOPEKA PARTNERSHIP INC PURPOSE: SUPPORT FOR TOPEKA & SHAWNEE COUNTY ECONOMIC DEVELOPMENT PLAN | $6,800 |
WASHBURN UNIVERSITY FOUNDATION PURPOSE: UNDERWRITING SUPPORT FOR KTWU | $5,292 |