Hopi Credit Association
- Assets
- $3.2m
- Revenue
- $382.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Keams Canyon, AZ
- Founding
- 03/1956
- Data as of
- 12/2023
- EIN
- 86-6053269
Organization Overview
Hopi Credit Association is located in Keams Canyon, AZ. The organization was established in 1956. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Hopi Credit Association employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Hopi Credit Association 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, Hopi Credit Association generated $382.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $337.5k during the year ending 12/2023. While expenses have increased by 1.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY ON THE BUSINESS OF BORROWING MONEY AND RELENDING IT TO MEMBERS OF THE HOPI TRIBE FOR THEIR ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSUMER LENDING - PRIMARILY ENGAGED IN MAKING UNSECURED AND SECURED LOANS TO APPROXIMATELY 110 MEMBERS. MEMBERSHIP IS LIMITED TO MEMBERS OF THE HOPI TRIBE.DEVELOPMENT SERVICES - HOPI CREDIT ASSOCIATION PROVIDES DEVELOPMENT SERVICES TO THE HOPI RESERVATION. DEVELOPMENT SERVICES ARE FINANCIAL EDUCATION AND SMALL BUSINESS SUPPORT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vaughn Sieweumptewa President | Trustee | 1 | $1,548 |
Shawn Namoki Sr Vice President | Trustee | 1 | $1,455 |
Gloria Grover Member | Trustee | 1 | $1,073 |
Merwin Kooyahoema Member | Trustee | 1 | $1,388 |
Katrina Silas Treasurer/sec | Trustee | 1 | $1,357 |
Alissa Charley Executive Dir. | Officer | 40 | $72,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,434 |
| 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 | $230,434 |
| Total Program Service Revenue | $115,905 |
| Investment income | $36,119 |
| 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 | $382,832 |
| 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. | $78,931 |
| Compensation of current officers, directors, key employees. | $65,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,185 |
| Payroll taxes | $13,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,415 |
| Fees for services: Accounting | $11,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,887 |
| Advertising and promotion | $3,636 |
| Office expenses | $14,243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,303 |
| Interest | $11,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,868 |
| Insurance | $7,192 |
| All other expenses | -$54,058 |
| Total functional expenses | $337,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,253,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,312 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $800,384 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,687 |
| Net Land, buildings, and equipment | $66,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,152,113 |
| Accounts payable and accrued expenses | $39,449 |
| Grants payable | $0 |
| Deferred revenue | $39,563 |
| 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 | $700,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $179,388 |
| Total liabilities | $958,400 |
| Net assets without donor restrictions | $2,193,713 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,152,113 |