National Institute For State Credit Union Examination in Arlington, Virginia (VA)
Table of contents:
| National Institute For State Credit Union Examination | |
| Employer Identification Number (EIN) | 541205520 |
| Name of Organization | National Institute For State Credit Union Examination |
| Address | 1655 Fort Myer Dr Ste 650, Arlington, VA 22209-3199 |
| Activities | Scholarships (other), Discussion groups, forums, panels lectures, etc. |
| Subsection | Educational Organization |
| Ruling Date | 07/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $240,415 |
| Amount of Income | $170,771 |
| Form 990 Revenue Amount | $170,771 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Credit Unions |
Non-representatives - add comments:
Amount of income in 2014: $170,771 (it was $157,285 in 2013)
| National Institute For State Credit Union Examination: | $170,771 |
| Other organizations performing similar types of work: | $2,111,110 |
Assets in 2014: $240,415 (it was $199,383 in 2013)
| This organization: | $240,415 |
| Other organizations performing similar types of work: | $44,258,091 |
Expenses in 2014: $141,769
| This organization: | $141,769 |
| Other organizations performing similar types of work: | $2,228,839 |
Income to expenses ratio in 2014: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2014: 54.4%
| National Institute For State Credit Union Examination: | 54.4% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $128,581 | $157,285 | $170,771 |
| Contributions, gifts, grants, and similar amounts received | $54,070 | $82,141 | $92,920 |
| Program service revenue including government fees and contracts | $74,280 | $74,940 | $77,700 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $231 | $204 | $151 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $118,342 | $148,914 | $141,769 |
| Total net assets | $190,862 | $199,233 | $228,235 |
| Excess/Deficit for the year | $10,239 | $8,371 | $29,002 |
| Net assets or fund balances at beginning of year | $180,623 | $190,862 | $199,233 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $199,233 | $228,235 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $190,862 | $199,383 | $240,415 |
| Total liabilities | $0 | $150 | $12,180 |
| Net assets or fund balances | $190,862 | $199,233 | $228,235 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $780,469 |
| Subtotal | $780,469 |
| Gifts, grants, contributions, and membership fees received | $407,977 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $372,492 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $781,541 |
| Public support | $780,469 |
| Subtotal | $1,072 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,072 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Liberty Bay Credit Union | 350 Granite St Ste 1102, Braintree, MA 02184-4999 | MA | 1937-11 | $297,227,185 |
| 2 | State Chartered Credit Unions In Florida, Community Credit Union Of Florida | 1030 Us Highway 1, Rockledge, FL 32955-2716 | FL | 1972-02 | $25,357,945 |
| 3 | The Tennessee Credit Union | 1400 8th Ave S, Nashville, TN 37203-5007 | TN | 1952-06 | $10,842,718 |
| 4 | River Works Credit Union | 947 Western Ave, Lynn, MA 01905-2640 | MA | 1945-05 | $4,811,426 |
| 5 | Premier Source Credit Union | 232 N Main St, E Longmeadow, MA 01028-1803 | MA | 1942-03 | $3,568,321 |
| 6 | City Employees-Knoxville | 1720 Western Ave, Knoxville, TN 37921-6739 | TN | 1952-06 | $2,936,301 |
| 7 | Commonwealth Utilities Employees Credit Union | 312 Wareham Rd, Marion, MA 02738-1133 | MA | 1934-10 | $2,554,034 |
| 8 | Allcom Credit Union | 36 Park Ave, Worcester, MA 01609-1720 | MA | 1934-11 | $2,307,887 |
| 9 | Cranston Municipal Employees Credit Union | 1615 Pontiac Ave, Cranston, RI 02920-4491 | RI | 1988-05 | $2,111,110 |
| 10 | Elgin City Employees Credit Union | 1151 Lillian St, Elgin, IL 60123-7103 | IL | 1944-10 | $1,255,201 |
| 11 | Lowell Firefighters Credit Union | 642 Chelmsford St, Lowell, MA 01851-4724 | MA | 1945-02 | $579,133 |
| 12 | Knox County Employees Credit Union | 400 W Main St Rm 355, Knoxville, TN 37902-3707 | TN | 1952-06 | $436,326 |
| 13 | Maternity Bvm Credit Union | PO BOX 56, Bourbonnais, IL 60914-0056 | IL | 1957-05 | $275,461 |
| 14 | Courier-Journal & Times Credit Union Inc | 525 W Broadway, Louisville, KY 40202-2206 | KY | 1938-05 | $270,632 |
| 15 | Minnesota Ore Operations Employees Credit Union, Minnesota Ore Operations Emp Cu | 2540 E Beltline Ste 1, Hibbing, MN 55746-2306 | MN | 1944-09 | $263,474 |
| 16 | National Institute For State Credit Union Examination | 1655 Fort Myer Dr Ste 650, Arlington, VA 22209-3199 | VA | 1983-07 | $170,771 |
| 17 | Michigan Credit Union Foundation | 38695 7 Mile Rd Ste 200, Livonia, MI 48152-7097 | MI | 1957-02 | $117,305 |
| 18 | Haverhill Credit Union | PO BOX 7008, Lowell, MA 01852-0008 | MA | $34,312 | |
| 19 | Morton Credit Union Inc | 88 Washington St, Taunton, MA 02780-2465 | MA | $0 | |
| 20 | Oregon Hunters Association, Clatsop County Chapter | 1815 Hanover St, Astoria, OR 97103-5609 | OR | 1994-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||
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| Total | 21 | ||||||||||||||||||||||
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