Shaw-Ross Employees Credit Union
- Assets
- $7.7m
- Revenue
- $342.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 02/1972
- Data as of
- 12/2022
- EIN
- 59-2190492
Organization Overview
Shaw-Ross Employees Credit Union is located in Miami, FL. The organization was established in 1972. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Shaw-Ross Employees 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, Shaw-Ross Employees Credit Union generated $342.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $319.8k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 5 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
SHAW ROSS EMPLOYEES CREDIT UNION IS AN ORGANIZATION FORMED TO ACT AS A CREDIT UNION FOR THE EMPLOYEES OF SOUTHERN GLAZERS WINE & SPIRITS, LLC
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHAW ROSS EMPLOYEES CREDIT UNION IS A FEDERALLY INSURED, STATE CHARTERED CREDIT UNION ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT, AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS AT FAIR AND REASONABLE INTEREST RATES. MEMBERS ARE EMPLOYEES OF SOUTHERN GLAZER'S WINE AND SPIRITS, LLC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven R Becker Director/president | OfficerTrustee | 0 | $0 |
Robert Becker Director/treasurer | OfficerTrustee | 0 | $0 |
Tony Salum Director/vice President | OfficerTrustee | 0 | $0 |
Cary Garcia Director/member | Trustee | 0 | $0 |
Judith Hernandez Director/secretary | OfficerTrustee | 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 | $37,047 |
| Investment income | $28,218 |
| 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 | $342,616 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,052 |
| Pension plan accruals and contributions | $9,517 |
| Other employee benefits | $22,861 |
| Payroll taxes | $18,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,385 |
| Information technology | $743 |
| 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 | $0 |
| Interest | $26,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,961 |
| All other expenses | $0 |
| Total functional expenses | $319,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,373,113 |
| Savings and temporary cash investments | $5,021,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,524 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $261,824 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,270 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $66,156 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,735,168 |
| Accounts payable and accrued expenses | $8,133 |
| 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 | $6,749,922 |
| Total liabilities | $6,758,055 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $977,113 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,735,168 |