Envista Credit Union
- Assets
- $506.4m
- Revenue
- $28.9m
- Investments
- $60.5m
- Employees
- 252
- Location
- Topeka, KS
- Founding
- Data as of
- 12/2021
- EIN
- 48-0669498
Organization Overview
Envista Credit Union is located in Topeka, KS. As of 12/2021, Envista Credit Union employed 252 individuals. Envista 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, Envista Credit Union generated $28.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $24.1m during the year ending 12/2021. While expenses have increased by 10.3% 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
2021
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 45,815 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, LOANS OUTSTANDING TOTALED $384,485,433.
PAID DIVIDENDS ON DEPOSITS TOTALING $2,480,979 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald D Smeltzer President/ceo, Treasurer | OfficerTrustee | 40 | $370,268 |
Elizabeth Steffen Chief Financial Officer | Officer | 40 | $229,952 |
Tara Dimick Chief Business Development Officer | 40 | $166,684 | |
Andrea Kaberline Chief Lending Officer | 40 | $157,708 | |
Ashley Esquibel Vice President-Human Resou | 40 | $132,996 | |
Stan Rumford Vice President-It | 40 | $124,344 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kelley Construction Co Inc Construction | 12/30/21 | $1,891,753 |
Schwerdt Design Group Architect Services | 12/30/21 | $150,290 |
Zimmerman & Zimmerman Pa Collection Services | 12/30/21 | $131,200 |
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 | $27,591,823 |
| Investment income | $1,260,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $59,562 |
| 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 | $28,912,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| 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. | $811,202 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,447,973 |
| Pension plan accruals and contributions | $624,376 |
| Other employee benefits | $1,125,946 |
| Payroll taxes | $651,808 |
| Fees for services: Management | $46,937 |
| Fees for services: Legal | $38,185 |
| Fees for services: Accounting | $143,544 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,168 |
| Fees for services: Other | $306,794 |
| Advertising and promotion | $1,045,518 |
| Office expenses | $5,966,230 |
| Information technology | $4,320 |
| Royalties | $0 |
| Occupancy | $795,465 |
| Travel | $40,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $172,914 |
| Interest | $34,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,095,308 |
| Insurance | $131,605 |
| All other expenses | $34,792 |
| Total functional expenses | $24,073,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,601,301 |
| Savings and temporary cash investments | $30,592,647 |
| 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 | $383,875,816 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,277,659 |
| Net Land, buildings, and equipment | $16,207,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $60,542,540 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,350,716 |
| Total assets | $506,447,862 |
| Accounts payable and accrued expenses | $2,706,040 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,598,825 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $446,195,948 |
| Total liabilities | $454,000,813 |
| 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 | $52,447,049 |
| Total liabilities and net assets/fund balances | $506,447,862 |
Grants Awarded
Over the last fiscal year, Envista Credit Union has awarded $64,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Topeka, KS PURPOSE: ENHANCEMENT OF ECONOMIC DEVELOPMENT & QUALITY OF LIFE IN TOPEKA & SHAWNEE COUNTY | $16,500 |
Topeka, KS PURPOSE: ENHANCEMENT OF ECONOMIC DEVELOPMENT & QUALITY OF LIFE IN TOPEKA & SHAWNEE COUNTY | $16,500 |
Topeka, KS PURPOSE: PATIENT CARE SERVICES & COMMUNITY HEALTH EDUCATION PROGRAMS | $10,000 |
Topeka, KS PURPOSE: PATIENT CARE SERVICES & COMMUNITY HEALTH EDUCATION PROGRAMS | $10,000 |
NORTH TOPEKA ARTS DISTRICT INC PURPOSE: ECONOMIC DEVELOPMENT & ENHANCEMENT OF THE NOTO ARTS & ENTERTAINMENT DISTRICT | $5,500 |
NORTH TOPEKA ARTS DISTRICT INC PURPOSE: ECONOMIC DEVELOPMENT & ENHANCEMENT OF THE NOTO ARTS & ENTERTAINMENT DISTRICT | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-America Nazarene University Olathe, KS | $55,334,319 | $63,656,687 |
Adler University Chicago, IL | $54,030,129 | $55,024,940 |
Cornerstones Of Care Kansas City, MO | $33,252,192 | $62,036,711 |
Foodbank For The Heartland Omaha, NE | $18,090,007 | $45,859,600 |
Oneworld Community Health Centers Inc Omaha, NE | $55,753,804 | $50,338,832 |
Donald Danforth Plant Science Center Saint Louis, MO | $503,520,795 | $58,321,490 |
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |
Industrial Manufacturing Professional And Commercial Trust Lexington, KY | $8,502,513 | $49,520,230 |
Dean Mcgee Eye Institute Oklahoma City, OK | $54,603,133 | $49,025,501 |
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
Goodwill Industries Of Arkansas Inc Little Rock, AR | $54,825,832 | $52,717,160 |
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |