Kansas Blue Cross & Blue Sheild C U
- Assets
- $52.3m
- Revenue
- $2.2m
- Investments
- $8.9m
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 11/2013
- Data as of
- 12/2023
- EIN
- 48-6108090
Organization Overview
Kansas Blue Cross & Blue Sheild C U is located in Topeka, KS. The organization was established in 2013. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Blue Cross & Blue Sheild C U 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, Kansas Blue Cross & Blue Sheild C U generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENHANCE MEMBERS FINANCIAL WELLNESS BY PROVIDING EXCEPTIONAL PRODUCTS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 3,557 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT FAIR AND REASONABLE RATES OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 1,886 LOANS OUTSTANDING TOTALING $29,607,329.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $481,251 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tish Hermann Chairman | OfficerTrustee | 1 | $0 |
Randall Lambrecht Vice Chairman | OfficerTrustee | 1 | $0 |
Amie Brown Secretary | OfficerTrustee | 1 | $0 |
Pete Didio Treasurer | OfficerTrustee | 1 | $0 |
Cathy Holmes Board Member | Trustee | 1 | $0 |
Donna Pashman 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 | $1,798,876 |
| Investment income | $434,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $554 |
| 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 | $2,233,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $748,582 |
| Advertising and promotion | $12,045 |
| Office expenses | $253,104 |
| Information technology | $151,225 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,152 |
| Interest | $636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $758 |
| Insurance | $22,704 |
| All other expenses | $1,815 |
| Total functional expenses | $1,784,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,096 |
| Savings and temporary cash investments | $13,010,538 |
| 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 | $29,528,866 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,742 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,942,485 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $508,337 |
| Total assets | $52,316,064 |
| Accounts payable and accrued expenses | $229,383 |
| 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 | $43,086,957 |
| Total liabilities | $43,316,340 |
| 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 | $8,999,724 |
| Total liabilities and net assets/fund balances | $52,316,064 |