Credit Unions Chartered In The State Of Michigan, 16 Tower Family Credit Union in Kalamazoo, Michigan (MI)

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Credit Unions Chartered In The State Of Michigan, 16 Tower Family Credit Union
Employer Identification Number (EIN)381338132
Name of OrganizationCredit Unions Chartered In The State Of Michigan
Secondary Name16 Tower Family Credit Union
Address3302 Mindy Ln, Kalamazoo, MI 49001-4897
SubsectionGovernment Instrumentality
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$100,000 to $499,999
Filing Requirement990 - Government 501(c)(1)
Asset Amount$7,591,966
Amount of Income$313,039
Form 990 Revenue Amount$313,039


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$323,395
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$202,553
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$115,434
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$5,408
Statement of Functional Expenses (for 2012)
Total functional expenses$344,378
Compensation of current officers, directors, trustees, and key employees$52,946
Other salaries and wages$53,064
Payroll taxes$8,757
Professional fundraising services$0
Other$229,611
Balance Sheet (for 2012)
Total assets$7,189,003
Total liabilities$38,615
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$38,615
Total net assets or fund balances$7,150,388
Retained earnings, endowment, accumulated income, or other funds$864,223
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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