GEORGIA'S OWN CREDIT UNION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- GEORGIA'S OWN CREDIT UNION (EIN 58-0147128)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2021-07-27
- IRS object ID
- 202112089349300511
- Schema version
- 2019v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-27T09:03:37-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 N MAIN STREET SUITE 200 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55912 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580147128 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA'S OWN CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GEOR | BusinessNameControlTxt |
| Phone | 4045751817 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 PEACHTREE ST NW NO 2800 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30303 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GREGORY L GIBSON | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 4045751817 | PhoneNum |
| Signature | 2021-07-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TANYA MEDGAARDEN | PreparerPersonNm |
| PTIN | P01717240 | PTIN |
| Phone | 5074347000 | PhoneNum |
| Preparation | 2021-07-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Principal Officer | DAVID A PRETER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 PEACHTREE ST NW NO 2800 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30303 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $150,329,607 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.GEORGIASOWN.ORG | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | CU | OtherOrganizationDsc |
| Formation | 1943 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE THRIFT SAVINGS/BORROWING TO MEMBER-OWNED COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 567 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $1,251,025 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $122,689,664 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $135,079,310 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,132,165 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,790,410 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $130,821,829 | PYTotalRevenueAmt |
| CY Total Revenue | $142,869,720 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $272,754 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $300,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,816,417 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $9,393,745 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $41,436,965 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $47,676,049 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $63,892,233 | PYOtherExpensesAmt |
| CY Other Expenses | $64,473,540 | CYOtherExpensesAmt |
| PY Total Expenses | $111,418,369 | PYTotalExpensesAmt |
| CY Total Expenses | $121,843,834 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $19,403,460 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $21,025,886 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,406,137,741 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,494,603,277 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,157,612,255 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,222,913,901 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $248,525,486 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $271,689,376 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE THRIFT SAVING/BORROWING TO MEMBER-OWNED COOPERATIVE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDED THRIFT SAVINGS/BORROWINGS TO 182,766 MEMBERS. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 28473 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 567 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERESA MARTIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4045751817 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 105205 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30348 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| DAVID A PRETER | |||||||||
| PRESIDENT / CEO | 40.00 | Yes (X) | Yes (X) | $1,353,284 | $0 | $365,783 | |||
| ERIC S BROOME | |||||||||
| CHIEF OPERATIONS OFFICER | 40.00 | Yes (X) | $604,929 | $0 | $166,142 | ||||
| JOHN J CAREW III | |||||||||
| CHIEF STRATEGIC OFFICER | 40.00 | Yes (X) | $387,190 | $0 | $192,441 | ||||
| KELLY M GARMON | |||||||||
| CHIEF MEMBERSHIP OFFICER | 40.00 | Yes (X) | $404,230 | $0 | $141,052 | ||||
| CINDY R BOYLES | |||||||||
| CHIEF TALENT OFFICER | 40.00 | Yes (X) | $322,301 | $0 | $173,461 | ||||
| GREGORY L GIBSON | |||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $350,941 | $0 | $77,045 | ||||
| RALPH E HAWORTH | |||||||||
| DIRECTOR SBA/USDA LENDING | 40.00 | $338,368 | $0 | $39,798 | Yes (X) | ||||
| DREW A PUTT | |||||||||
| CHIEF BUSINESS OFFICER | 40.00 | Yes (X) | $284,125 | $0 | $67,810 | ||||
| AARON W CRAIG | |||||||||
| DIRECTOR OF MORTGAGE AND INDIRECT SALES | 40.00 | $300,099 | $0 | $24,848 | Yes (X) | ||||
| BONNIE KIMMEY | |||||||||
| FORMER CHIEF OPERATIONS OFFICER | 0.00 | $260,852 | $0 | $39,462 | Yes (X) | ||||
| MATTHEW F HAVICE | |||||||||
| PRINCIPAL RISK OFFICER & GENERAL COUNSEL | 40.00 | $251,978 | $0 | $34,971 | Yes (X) | ||||
| KENNETH D BREHM | |||||||||
| SVP, OPERATIONS | 40.00 | Yes (X) | $234,356 | $0 | $45,162 | ||||
| KEVAN T WILLIAMSON | |||||||||
| PRINCIPAL ENTERPRISE TECHNOLOGY OFFICER | 40.00 | $234,575 | $0 | $36,514 | Yes (X) | ||||
| LORENZO L BROWN | |||||||||
| VP, STRATEGIC TECHNICAL SOLUTIONS | 40.00 | $217,144 | $0 | $44,054 | Yes (X) | ||||
| JANET F LAMBERT | |||||||||
| MORTGAGE LOAN ORIGINATOR | 40.00 | $218,417 | $0 | $32,617 | Yes (X) | ||||
| CHRISTIN K HEWITT | |||||||||
| SENIOR CREDIT OFFICER | 40.00 | $209,962 | $0 | $37,939 | Yes (X) | ||||
| TERESA L MARTIN | |||||||||
| PRINCIPAL ACCOUNTING OFFICER | 40.00 | $195,523 | $0 | $48,986 | Yes (X) | ||||
| MICHAEL D STONE | |||||||||
| VP, MEMBER BUSINESS LENDING | 40.00 | $199,869 | $0 | $36,808 | Yes (X) | ||||
| DAVID A MARLOWE | |||||||||
| PRINCIPAL MARKET DEVELOPMENT OFFICER | 40.00 | $208,678 | $0 | $27,577 | Yes (X) | ||||
| ELIZABETH W BALDWIN | |||||||||
| PRIVATE BANKING RELATIONSHIP MANAGER | 40.00 | $202,900 | $0 | $27,646 | Yes (X) | ||||
| MICHAEL S MASSEY | |||||||||
| PRINCIPAL PRODUCT STRATEGY OFFICER | 40.00 | $184,113 | $0 | $39,679 | Yes (X) | ||||
| LAURA I STERLING | |||||||||
| VP, MARKETING | 40.00 | $182,630 | $0 | $35,173 | Yes (X) | ||||
| ANTHONY L STRIPLING | |||||||||
| VP, PRIVATE BANKING | 40.00 | $172,965 | $0 | $39,316 | Yes (X) | ||||
| RODNEY D COWAN | |||||||||
| VP INTERNAL AUDIT & DIVERSITY AND INCLUSION OFFICE | 40.00 | $174,927 | $0 | $36,430 | Yes (X) | ||||
| LEE D NORRIS | |||||||||
| VP, FACILITIES & REAL ESTATE | 40.00 | $177,914 | $0 | $33,311 | Yes (X) | ||||
| TODD A LAMBRIGHT | |||||||||
| VP, RETAIL SALES | 40.00 | $197,580 | $0 | $12,029 | Yes (X) | ||||
| DINA HAIRSTON | |||||||||
| VP, BUSINESS DEVELOPMENT | 40.00 | $167,584 | $0 | $29,635 | Yes (X) | ||||
| JAMES V BRYSON | |||||||||
| VP, BUSINESS SERVICES | 40.00 | $150,348 | $0 | $38,987 | Yes (X) | ||||
| LAURA M KING | |||||||||
| SVP, RETAIL SALES | 40.00 | Yes (X) | $116,081 | $0 | $287 | ||||
| RICHARD E BURNS | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $16,486 | $0 | $0 | ||||
| JOAN K SIMS | |||||||||
| DIRECTOR - SECRETARY | 1.00 | Yes (X) | Yes (X) | $13,644 | $0 | $0 | |||
| MICHAEL W BAUMGARTNER | |||||||||
| DIRECTOR - CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $13,491 | $0 | $0 | |||
| PARTICK H CASEY | |||||||||
| DIRECTOR - TREASURER | 1.00 | Yes (X) | Yes (X) | $13,491 | $0 | $0 | |||
| WILLIAM E CONINE | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $13,491 | $0 | $0 | ||||
| DAVID DICKEY | |||||||||
| DIRECTOR - VICE CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $13,491 | $0 | $0 | |||
| JAMES L FOWLER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $13,491 | $0 | $0 | ||||
| GARY M LUDGOOD | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $13,491 | $0 | $0 | ||||
| ERVIN M WALKER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $13,371 | $0 | $0 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,428,310 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,924,963 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 64 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AVTEX SOLUTIONS LLC | |||||
| 3500 AMERICAN BLVD WEST STE 300 | BLOOMINGTON | MN | 55431 | SOFTWARE/INSTALLATION OF PHONE SYSTEM | $909,001 |
| CA SOUTH LLC | |||||
| 800 BATTERY AVE STE 420 | ATLANTA | GA | 30339 | GENERAL CONTRACTOR | $594,058 |
| CU ENGAGE LLC | |||||
| 450 CARILLON PKWY SUITE 130 | ST PETERSBURG | FL | 33716 | CONSULTING | $590,495 |
| ADRENALINE LLC | |||||
| 195 NEW HAMPSHIRE AVE STE 115 | PORTSMOUTH | NH | 03801 | CONSULTING | $531,983 |
| KAUFMAN HALL & ASSOCIATES LLC | |||||
| 5202 OLD ORCHARD RD STE N700 | SKOKIE | IL | 60077 | CONSULTING/INSTALLATION OF FINANCIAL REP | $478,176 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 19 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 900099 | $92,234,012 | $92,234,012 | |
| OTHER INCOME | 524298 | $28,534,208 | $27,283,183 | $1,251,025 |
| FEE INCOME | 522100 | $14,311,090 | $14,311,090 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $135,079,310 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,628,287 | TotalRevenueColumnAmt |
| Exclusion | $7,628,287 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,500,000 | SecuritiesAmt |
| Other | $2,122,010 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,481,880 | SecuritiesAmt |
| Other | $1,978,007 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $18,120 | SecuritiesAmt |
| Other | $144,003 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $162,123 | TotalRevenueColumnAmt |
| Exclusion | $162,123 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $142,869,720 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $133,828,285 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,251,025 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,790,410 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $300,500 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,393,745 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,620,365 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,815,670 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,735,411 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,077,330 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,427,273 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $320,122 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $218,998 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,481,769 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,811,333 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,599,821 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $700,408 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,340,233 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,601,713 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $10,000,000 |
| LOAN SERVICING EXPENSE | $7,996,422 |
| PROFESSIONAL AND OUTSID | $5,374,709 |
| MISCELLANEOUS OPERATING | $3,833,380 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $194,632 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,843,834 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,057,728 | BOYAmt |
| EOY | $25,770,272 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,056,159 | BOYAmt |
| EOY | $190,768,770 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,381,658 | BOYAmt |
| EOY | $18,339,884 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,699,718 | BOYAmt |
| EOY | $16,291,103 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,881,540,285 | BOYAmt |
| EOY | $1,913,219,941 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,474,911 | BOYAmt |
| EOY | $5,094,004 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $63,027,202 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,383,180 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,207,515 | BOYAmt |
| EOY | $44,644,022 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,482,181 | BOYAmt |
| EOY | $184,775,359 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,143,481 | BOYAmt |
| EOY | $17,880,043 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,883,778 | BOYAmt |
| EOY | $5,641,139 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,210,327 | BOYAmt |
| EOY | $72,178,740 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,406,137,741 | BOYAmt |
| EOY | $2,494,603,277 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,948,880 | BOYAmt |
| EOY | $35,013,536 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,289,000 | BOYAmt |
| EOY | $153,289,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,020,374,375 | BOYAmt |
| EOY | $2,034,611,365 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,157,612,255 | BOYAmt |
| EOY | $2,222,913,901 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,525,486 | BOYAmt |
| EOY | $271,689,376 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,525,486 | BOYAmt |
| EOY | $271,689,376 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,406,137,741 | BOYAmt |
| EOY | $2,494,603,277 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $21,025,886 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $6,715,638 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$4,577,634 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,941,058 | OtherCostOrOtherBasisAmt |
| Book Value | $6,941,058 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,644,026 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,317,613 | DepreciationAmt |
| Book Value | $11,326,413 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,357,126 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,157,960 | DepreciationAmt |
| Book Value | $5,199,166 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,084,992 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,907,607 | DepreciationAmt |
| Book Value | $21,177,385 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $44,644,022 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| SHARE DRAFTS | $412,573,125 |
| REGULAR SHARES | $766,549,380 |
| MONEY MARKET SHARES | $386,120,800 |
| SHARE CERTIFICATES | $231,022,671 |
| IRA/KEOGH ACCOUNTS | $135,874,497 |
| OTHER SHARES | $1,796,892 |
| NONMEMBER DEPOSITS | $100,674,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,034,611,365 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $142,869,721 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $1 | OtherRevenueAmt |
| Revenue Not Reported | $1 | RevenueNotReportedAmt |
| Revenue Subtotal | $142,869,720 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $142,869,720 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $121,843,834 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $121,843,834 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $121,843,834 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AND HAS A NET OPERATING LOSS CARRYFORWARD AS OF THE 2018 CALENDAR YEAR. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2019 AND 2018. THE CREDIT UNION'S 2016 AND SUBSEQUENT TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | ROUNDING 1. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (10 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| GEORGIA'S OWN FOUNDATION INC | ||||||||||
| 100 PEACHTREE ST NW STE 3250 | ATLANTA | GA | 30303 | 474818845 | 501(C)(3) | $73,350 | $16,625 | FMV | AUCTION/RAFFLE ITEMS/DONATED SERVICES | CHARITABLE DONATION |
| KING'S RIDGE CHRISTIAN SCHOOL | ||||||||||
| 2765 BETHANY BEND RD | APLHARETTA | GA | 30004 | 582600863 | 501(C)(3) | $20,000 | CHARITABLE DONATION | |||
| GEORGIA STATE UNIVERSITY FOUNDATION INC | ||||||||||
| 1 PARK PLACE SUITE 533 | ATLANTA | GA | 30303 | 586033185 | 501(C)(3) | $101,000 | CHARITABLE DONATION | |||
| OURSONG INC | ||||||||||
| PO BOX 53405 | ATLANTA | GA | 30355 | 113656911 | 501(C)(3) | $6,000 | CHARITABLE DONATION | |||
| NACD | ||||||||||
| 1515 N COURTHOUSE RD STE 1200 | ARLINGTON | VA | 22201 | 522314113 | 501(C)(3) | $8,075 | CHARITABLE DONATION | |||
| THE BRIAN JORDAN FOUNDATION | ||||||||||
| 320 CHASON WOOD WAY | ROSWELL | GA | 30076 | 522091069 | 501(C)(3) | $30,000 | CHARITABLE DONATION | |||
| EO ATLANTA CHAPTER INC | ||||||||||
| PO BOX 924202 | NORCROSS | GA | 30010 | 582355941 | 501(C)(3) | $15,000 | CHARITABLE DONATION | |||
| CLAYTON STATE UNIVERSITY | ||||||||||
| FOUNDATION 2000 CLAYTON STATE BLVD | MORROW | GA | 30260 | 237419285 | 501(C)(3) | $10,500 | CHARITABLE DONATION | |||
| THEATRICAL OUTFIT INC | ||||||||||
| 84 LUCKIE ST NW | ATLANTA | GA | 30303 | 581524285 | 501(C)(3) | $10,000 | CHARITABLE DONATION | |||
| LAKEVIEW ACADEMY | ||||||||||
| 796 LAKEVIEW DR | GAINESVILLE | GA | 30501 | 581077096 | 501(C)(3) | $9,500 | CHARITABLE DONATION | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 10 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL ASSISTANCE IS CURRENTLY COMPRISED OF DONATIONS TO 501(C)(3) CHARITABLE ORGANIZATIONS. WE DO NOT MONITOR HOW THE DONATED FUNDS ARE SPENT BY THE CHARITY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (28 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID A PRETER | ||||||||||||||
| PRESIDENT / CEO | $555,093 | $0 | $771,997 | $0 | $26,194 | $0 | $331,194 | $0 | $34,589 | $0 | $1,719,067 | $0 | $500,000 | $0 |
| ERIC S BROOME | ||||||||||||||
| CHIEF OPERATIONS OFFICER | $272,400 | $0 | $330,148 | $0 | $2,381 | $0 | $136,169 | $0 | $29,973 | $0 | $771,071 | $0 | $250,000 | $0 |
| JOHN J CAREW III | ||||||||||||||
| CHIEF STRATEGIC OFFICER | $277,615 | $0 | $107,253 | $0 | $2,322 | $0 | $146,610 | $0 | $45,831 | $0 | $579,631 | $0 | $0 | $0 |
| KELLY M GARMON | ||||||||||||||
| CHIEF MEMBERSHIP OFFICER | $288,071 | $0 | $103,277 | $0 | $12,882 | $0 | $99,031 | $0 | $42,021 | $0 | $545,282 | $0 | $0 | $0 |
| CINDY R BOYLES | ||||||||||||||
| CHIEF TALENT OFFICER | $224,364 | $0 | $85,586 | $0 | $12,351 | $0 | $128,293 | $0 | $45,168 | $0 | $495,762 | $0 | $0 | $0 |
| GREGORY L GIBSON | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $258,799 | $0 | $88,578 | $0 | $3,564 | $0 | $48,962 | $0 | $28,083 | $0 | $427,986 | $0 | $0 | $0 |
| RALPH E HAWORTH | ||||||||||||||
| DIRECTOR SBA/USDA LENDING | $136,114 | $0 | $167,153 | $0 | $35,101 | $0 | $19,688 | $0 | $20,110 | $0 | $378,166 | $0 | $0 | $0 |
| DREW A PUTT | ||||||||||||||
| CHIEF BUSINESS OFFICER | $227,578 | $0 | $54,257 | $0 | $2,290 | $0 | $44,338 | $0 | $23,472 | $0 | $351,935 | $0 | $0 | $0 |
| AARON W CRAIG | ||||||||||||||
| DIRECTOR OF MORTGAGE AND INDIRECT SA | $39,980 | $0 | $255,018 | $0 | $5,101 | $0 | $12,911 | $0 | $11,937 | $0 | $324,947 | $0 | $0 | $0 |
| BONNIE KIMMEY | ||||||||||||||
| FORMER CHIEF OPERATIONS OFFICER | $0 | $0 | $258,437 | $0 | $2,415 | $0 | $39,462 | $0 | $0 | $0 | $300,314 | $0 | $0 | $0 |
| MATTHEW F HAVICE | ||||||||||||||
| PRINCIPAL RISK OFFICER & GENERAL COU | $198,790 | $0 | $52,648 | $0 | $540 | $0 | $21,420 | $0 | $13,551 | $0 | $286,949 | $0 | $0 | $0 |
| KENNETH D BREHM | ||||||||||||||
| SVP, OPERATIONS | $192,478 | $0 | $39,556 | $0 | $2,322 | $0 | $21,572 | $0 | $23,590 | $0 | $279,518 | $0 | $0 | $0 |
| KEVAN T WILLIAMSON | ||||||||||||||
| PRINCIPAL ENTERPRISE TECHNOLOGY OFFI | $185,570 | $0 | $48,465 | $0 | $540 | $0 | $14,298 | $0 | $22,216 | $0 | $271,089 | $0 | $0 | $0 |
| LORENZO L BROWN | ||||||||||||||
| VP, STRATEGIC TECHNICAL SOLUTIONS | $176,231 | $0 | $32,507 | $0 | $8,406 | $0 | $21,463 | $0 | $22,591 | $0 | $261,198 | $0 | $0 | $0 |
| JANET F LAMBERT | ||||||||||||||
| MORTGAGE LOAN ORIGINATOR | $44,880 | $0 | $172,638 | $0 | $899 | $0 | $14,104 | $0 | $18,513 | $0 | $251,034 | $0 | $0 | $0 |
| CHRISTIN K HEWITT | ||||||||||||||
| SENIOR CREDIT OFFICER | $176,299 | $0 | $32,853 | $0 | $810 | $0 | $20,904 | $0 | $17,035 | $0 | $247,901 | $0 | $0 | $0 |
| TERESA L MARTIN | ||||||||||||||
| PRINCIPAL ACCOUNTING OFFICER | $163,882 | $0 | $30,690 | $0 | $951 | $0 | $20,577 | $0 | $28,409 | $0 | $244,509 | $0 | $0 | $0 |
| MICHAEL D STONE | ||||||||||||||
| VP, MEMBER BUSINESS LENDING | $168,679 | $0 | $30,658 | $0 | $532 | $0 | $20,661 | $0 | $16,147 | $0 | $236,677 | $0 | $0 | $0 |
| DAVID A MARLOWE | ||||||||||||||
| PRINCIPAL MARKET DEVELOPMENT OFFICER | $170,996 | $0 | $30,037 | $0 | $7,645 | $0 | $9,439 | $0 | $18,138 | $0 | $236,255 | $0 | $0 | $0 |
| ELIZABETH W BALDWIN | ||||||||||||||
| PRIVATE BANKING RELATIONSHIP MANAGER | $102,404 | $0 | $99,165 | $0 | $1,331 | $0 | $13,889 | $0 | $13,757 | $0 | $230,546 | $0 | $0 | $0 |
| MICHAEL S MASSEY | ||||||||||||||
| PRINCIPAL PRODUCT STRATEGY OFFICER | $154,483 | $0 | $28,425 | $0 | $1,205 | $0 | $16,534 | $0 | $23,145 | $0 | $223,792 | $0 | $0 | $0 |
| LAURA I STERLING | ||||||||||||||
| VP, MARKETING | $147,822 | $0 | $34,075 | $0 | $733 | $0 | $18,321 | $0 | $16,852 | $0 | $217,803 | $0 | $0 | $0 |
| ANTHONY L STRIPLING | ||||||||||||||
| VP, PRIVATE BANKING | $144,698 | $0 | $27,117 | $0 | $1,150 | $0 | $16,692 | $0 | $22,624 | $0 | $212,281 | $0 | $0 | $0 |
| RODNEY D COWAN | ||||||||||||||
| VP INTERNAL AUDIT & DIVERSITY AND IN | $140,610 | $0 | $33,256 | $0 | $1,061 | $0 | $17,906 | $0 | $18,524 | $0 | $211,357 | $0 | $0 | $0 |
| LEE D NORRIS | ||||||||||||||
| VP, FACILITIES & REAL ESTATE | $145,361 | $0 | $29,442 | $0 | $3,111 | $0 | $16,578 | $0 | $16,733 | $0 | $211,225 | $0 | $0 | $0 |
| TODD A LAMBRIGHT | ||||||||||||||
| VP, RETAIL SALES | $183,933 | $0 | $10,268 | $0 | $3,379 | $0 | $9,171 | $0 | $2,858 | $0 | $209,609 | $0 | $0 | $0 |
| DINA HAIRSTON | ||||||||||||||
| VP, BUSINESS DEVELOPMENT | $124,917 | $0 | $35,545 | $0 | $7,122 | $0 | $14,334 | $0 | $15,301 | $0 | $197,219 | $0 | $0 | $0 |
| JAMES V BRYSON | ||||||||||||||
| VP, BUSINESS SERVICES | $128,395 | $0 | $20,938 | $0 | $1,015 | $0 | $16,323 | $0 | $22,664 | $0 | $189,335 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | RICHARD E BURNS (DIRECTOR) - $2,000 TRAVEL FOR COMPANIONS INCLUDED IN COMPENSATION DAVID A PRETER (CEO/PRESIDENT) - HEALTH/SOCIAL CLUB DUES |
| PART I, LINE 1B | THERE IS NO WRITTEN, BOARD APPROVED, POLICY COVERING THE PAYMENT OF DIRECTOR SPOUSE TRAVEL. WHEN SUCH PAYMENTS OCCUR THEY ARE INCLUDED IN TAXABLE COMPENSATION. THERE IS NO WRITTEN, BOARD APPROVED, POLICY COVERING HEALTH/SOCIAL CLUB DUES PAID FOR CEO/PRESIDENT. HOWEVER, IT IS ADDRESSED IN HIS EMPLOYMENT CONTRACT WHICH WAS SIGNED BY THE BOARD. |
| PART I, LINE 4B | DAVID A PRETER - PARTICIPATED IN 457F PLAN - 2019 ACCRUAL $237,634 - 2019 PAYOUT $500,000 KELLY GARMON - PARTICIPATED IN 457F PLAN - 2019 ACCRUAL $56,086 JOHN J CAREW III - PARTICIPATED IN 457F PLAN - 2019 ACCRUAL $92,195 ERIC BROOME - PARTICIPATED IN 457F PLAN - 2019 ACCRUAL $90,569 - 2019 PAYOUT $250,000 CINDY R BOYLES - PARTICIPATED IN 457F PLAN - 2019 ACCRUAL $81,371 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (9 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| DAVID PRETER | |||||||
| PRESIDENT/CEO | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $7,801,230 | $6,274,885 | 0 | Yes (1) | Yes (1) |
| KELLY GARMON | |||||||
| CMO | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $2,194,815 | $2,224,477 | 0 | Yes (1) | Yes (1) |
| GREG GIBSON | |||||||
| CFO | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $2,900,000 | $2,937,569 | 0 | Yes (1) | Yes (1) |
| WILLIAM LUSK | |||||||
| FORMER CFO | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $1,461,154 | $1,499,679 | 0 | Yes (1) | Yes (1) |
| TERESA MARTIN | |||||||
| VP - PRINCIPAL ACCOUNTING OFFICER | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $950,000 | $954,493 | 0 | Yes (1) | Yes (1) |
| MATT HAVICE | |||||||
| PRINCIPAL RISK OFFICER & GENERAL COUNSEL | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $450,000 | $450,000 | 0 | Yes (1) | Yes (1) |
| CHRISTIN HEWITT | |||||||
| SENIOR CREDIT OFFICER | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $600,000 | $600,000 | 0 | Yes (1) | Yes (1) |
| LAURA KING | |||||||
| SVP, RETAIL SALES | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $900,000 | $900,000 | 0 | Yes (1) | Yes (1) |
| KEVAN WILLIAMSON | |||||||
| PRINCIPAL ENTERPRISE TECHNOLOGY OFFICER | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $450,000 | $450,000 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $16,291,103 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID DICKEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | BOARD MEMBER | RelationshipDescriptionTxt |
| Transaction | $645,000 | TransactionAmt |
| Transaction | CU BOARD MEMBER, DAVID DICKEY, IS RELATED TO DICKEY BROADCASTING (BOARD MEMBER). THE CU CONDUCTS MARKETING, ADVERSTISING AND BRANDING BUSINESS WITH THIS ENTITY. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II | FormAndLineReferenceDesc |
| Explanation | NOTED THESE TO BE NON-RECOURSE PLANS THAT ARE RECORDED ON THE BALANCE SHEET AT THE LOWER OF LOAN BALANCE OR CASH CURRENDER VALUE. BECAUSE THE CASH SURRRENDER VALUES WERE LOWER, WE REPORTED THE AMOUNT OF 16,291,103 FOR BALANCE SHEET PURPOSES. HOWEVER, THE ACTUAL LOAN BALANCES ARE $17,570,542 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 182,766 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS. |
| FORM 990, PART VI, SECTION A, LINE 7A | CURRENT MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL OF MEMBERS. THESE DECISIONS MAY ALSO BE SUBJECT TO SCRUTINY BY VARIOUS GOVERNMENTAL AGENCIES. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY BOTH THE CREDIT UNION'S CFO AND SVP OF ACCOUNTING AFTER BEING PREPARED BY THE CPA FIRM. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED AND ENFORCED BY THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CREDIT UNION USES MCLAGAN, AN AON HEWITT COMPANY, TO CONSULT REGARDING COMPENSATION PRACTICES. THE CREDIT UNION PARTICIPATES IN AND PURCHASES SEVERAL COMPENSATION STUDIES, AND MCLAGAN ANALYZES THE DATA AND PROVIDES A WRITTEN REPORT TO THE COMPENSATION COMMITTEE OF THE BOARD. THIS INFORMATION IS PROVIDED ANNUALLY RELATED TO THE CEO, MOST RECENTLY IN 2019, AND BI-ENNIALLY RELATED TO OTHER OFFICERS, MOST RECENTLY IN 2019. THE COMPENSATION COMMITTEE RECOMMENDS AND APPROVES SALARY CHANGES FOR THE CEO, AND REVIEWS THE CEO'S DECISIONS FOR OTHER OFFICERS ANNUALLY. COMPENSATION OF KEY EMPLOYEES IS SUBJECT TO REVIEW AND APPROVAL OF THE CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | OTHER COMPREHENSIVE INCOME -4,577,635. ROUNDING 1. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990 AMENDED RETURN STATEMENT | TAXPAYER IS AMENDING THEIR 2019 TAX RETURN TO INCLUDE BONNIE KIMMEY, A FORMER OFFIER, ON FORM 990 VII, WHO WAS INADVERTENLY MISSED ON THE ORIGINALLY FILED TAX RETURN. TAXPAYER IS ALSO AMENDING TO REPORT THE CORRECT AMOUNT OF OFFICE EXPENSES ON FORM 990 PART IX. THE INCORRECT AMOUNT WAS INADVERTENLY REPORTED. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA'S OWN FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1155 PEACHTREE ST | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 474818845 | EIN |
| Primary Activities | CHARITY | PrimaryActivitiesTxt |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA'S OWN CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA'S OWN FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $232,348 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
Comments