LAUNCH CREDIT UNION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LAUNCH CREDIT UNION (EIN 59-1030268)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-10
IRS object ID
202513149349303171
Schema version
2024v5.2
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

FieldValueIRS element (for citing)
Return2025-11-10T11:47:53-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454084437PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WARREN AVERETT LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1350 W CEDAR STREET SUITE 400AddressLine1Txt
CityPENSACOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32502ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN591030268EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAUNCH CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAUNBusinessNameControlTxt
Phone3214559400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S PLUMOSA STAddressLine1Txt
CityMERRITT ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEVIN LEBEAUPersonNm
Person TitleEVP CFOPersonTitleTxt
Phone3214559400PhoneNum
Signature2025-11-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCLAIRE C DUREN CPAPreparerPersonNm
PTINP01577924PTIN
Phone8504357400PhoneNum
Preparation2025-11-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKEVIN LEBEAUPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S PLUMOSA STAddressLine1Txt
CityMERRITT ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32952ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$85,220,506GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressHTTP://LAUNCHCU.COMWebsiteAddressTxt
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Other Organization DscSTATE-CHARTERED CREDIT UNIONOtherOrganizationDsc
Formation1963FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. WE PROVIDE FINANCIAL SERVICES TO THE COMMUNITIES WE SERVE. WE OFFER FINANCIAL PRODUCTS AND SERVICES OUR MEMBERS NEED AND WANT WITH LOWER FEES. WE OFFER LOAN PRODUCTS OUR MEMBERS CAN AFFORD AND HELP BETTER THEM FINANCIALLY.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee350TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$2,141,665TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$59,162NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$56,776,163PYProgramServiceRevenueAmt
CY Program Service Revenue$60,295,047CYProgramServiceRevenueAmt
PY Investment Income$6,256,571PYInvestmentIncomeAmt
CY Investment Income$9,659,257CYInvestmentIncomeAmt
PY Other Revenue$15,081,914PYOtherRevenueAmt
CY Other Revenue$15,263,860CYOtherRevenueAmt
PY Total Revenue$78,114,648PYTotalRevenueAmt
CY Total Revenue$85,218,164CYTotalRevenueAmt
PY Grants And Similar Paid$230,803PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$247,268CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$28,577,580PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$30,219,137CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$42,813,644PYOtherExpensesAmt
CY Other Expenses$49,994,769CYOtherExpensesAmt
PY Total Expenses$71,622,027PYTotalExpensesAmt
CY Total Expenses$80,461,174CYTotalExpensesAmt
PY Revenues Less Expenses$6,492,621PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,756,990CYRevenuesLessExpensesAmt
Total Assets BOY$1,385,231,153TotalAssetsBOYAmt
Total Assets EOY$1,395,191,746TotalAssetsEOYAmt
Total Liabilities BOY$1,265,604,021TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,270,747,535TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$119,627,132NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$124,444,211NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN BREVARD, VOLUSIA, ORANGE, SEMINOLE, FLAGLER, AND OSCEOLA COUNTIES IN FLORIDA. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 70,000 MEMBERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescIN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescTO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document19967IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee350EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or Procedure0WrittenPolicyOrProcedureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKEVIN LEBEAU EVP CFOPersonNm
Phone3214559400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S PLUMOSA STAddressLine1Txt
CityMERRITT ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32952ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ERIC OSTARLY
VICE CHAIR1.000.00Yes (X)$0$0$0
MARILYN CHERUBINI
DIRECTOR1.000.00Yes (X)$0$0$0
HOLLIMARIE MONTIJO
CHAIR1.000.00Yes (X)$0$0$0
DOMINIC MORGESE
DIRECTOR1.000.00Yes (X)$0$0$0
PERCY COHRS
TREASURER1.000.00Yes (X)$0$0$0
LINDA SOUTH
SECRETARY1.000.00Yes (X)$0$0$0
CONNIE MORICE
DIRECTOR/AUDIT CHAIR1.000.00Yes (X)$0$0$0
DAN SICCHIO
DIRECTOR1.000.00Yes (X)$0$0$0
DR KEVIN REED
ASSOCIATE BOARD MEMBER1.000.00Yes (X)$0$0$0
MICHAEL CADORE
ASSOCIATE BOARD MEMBER1.000.00Yes (X)$0$0$0
CHRIS WALDEN
ASSOCIATE BOARD MEMBER1.000.00Yes (X)$0$0$0
DOROTHY BOURLIER
AUDIT CHAIR1.000.00Yes (X)$0$0$0
STUART DAWLEY
ASSOCIATE BOARD MEMBER1.000.00Yes (X)$0$0$0
DORIS PUNDERSON
AUDIT VICE CHAIR1.000.00Yes (X)$0$0$0
CHUCK JENKINS
DIRECTOR1.000.00Yes (X)$0$0$0
JOSEPH MIRACHI
PRESIDENT & CEO40.000.00$782,424$0$93,118Yes (X)
GARY LEVAR
EVP COO40.000.00$331,929$0$22,903Yes (X)
KEVIN LEBEAU
EVP CFO40.000.00$281,072$0$67,620Yes (X)
MARK BREWER
SVP CIO40.000.00$305,547$0$38,730Yes (X)
JANE SCHROPP
SVP CAO40.000.00$297,784$0$32,449Yes (X)
ALAN ROPES
PRESIDENT & CEO (CUSO - VYFI, LLC)40.000.00$149,145$0$0Yes (X)
SHARAL HENDERSON
VP IN-HOUSE COUNSEL40.000.00$227,318$0$12,030Yes (X)
MICHAEL D'ACQUISTO
AVP CORE APP SERVICES40.000.00$193,130$0$27,313Yes (X)
ANGELA CROSBY
VP PROJECT MGMT OFFICE40.000.00$178,664$0$34,635Yes (X)
MICAH FLUHARTY
CORE SYSTEM PROG MANAGER40.000.00$173,123$0$30,036Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,920,136TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$358,834TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K46IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
RHODES BUILDING CO LLC
2009 LONGWOOD LAKE MARY RD SUITE 1LONGWOODFL32750CONSTRUCTION & BUILDING$2,003,668
MEMBER BUSINESS FINANCIAL SERVICES LLC
2655 INTERPLEX DRIVE SUITE 104TREVOSEPA19053COMMERCIAL LOAN SERVICER$1,729,434
ALKAMI TECHNOLOGY
5601 GRANITE PARKWAY SUITE 120PLANOTX75024ONLINE BANKING PLATFORM$1,108,767
GLORY GLOBAL
3333 WARRENVILLE ROADLISLEIL60532HARDWARE AND MAINTENANCE$999,776
FSSI EAST INC
1500 TRADEPORT DRIVE SUITE BORLANDOFL32824FORMS/PRINTING SERVICES$674,271
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K40CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescINTEREST ON LOANSDesc
Business522100BusinessCd
Total Revenue Column$60,295,047TotalRevenueColumnAmt
Related Or Exempt Func Income$60,295,047RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$60,295,047TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,647,099TotalRevenueColumnAmt
Exclusion$9,647,099ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$14,500OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$2,342OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$12,158OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,158TotalRevenueColumnAmt
Exclusion$12,158ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
FEES AND SERVICE CHARGES522100$13,351,960$13,351,960
INCOME FROM CUSO INVESTMENTS522100$2,075,122$2,075,122
OTHER GAIN522100$174,904$174,904

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$338,126TotalRevenueColumnAmt
Related Or Exempt Func Income-$404,669RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$66,543UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$15,263,860OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$85,218,164TotalRevenueColumnAmt
Related Or Exempt Func Income$73,417,242RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$2,141,665UnrelatedBusinessRevenueAmt
Exclusion$9,659,257ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$247,268TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,402,721TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$19,223,835TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$658,049TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$6,259,362TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,675,170TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$198,437TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$308,400TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,243,116TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,207,969TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,828,105TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,836,198TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,251,827TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$460,701TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$15,783,677TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,227,740TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$432,776TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
FEDERAL AND STATE OPERA$46,688
PROVISION FOR LOAN LOSS$5,290,673
INTEREST ON BORROWED MO$4,492,217
ATM AND DEBIT CARD EXPE$2,913,999

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,472,246TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$80,461,174TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$8,073,999BOYAmt
EOY$8,676,797EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$131,622,491BOYAmt
EOY$203,736,984EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,118,749,285BOYAmt
EOY$1,071,723,907EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,111,379BOYAmt
EOY$2,567,827EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$72,030,406LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$35,315,512LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$35,229,961BOYAmt
EOY$36,714,894EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$29,238,505BOYAmt
EOY$32,034,912EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$60,205,533BOYAmt
EOY$39,736,425EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,385,231,153BOYAmt
EOY$1,395,191,746EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$133,234,584BOYAmt
EOY$128,409,177EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,132,369,437BOYAmt
EOY$1,142,338,358EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,265,604,021BOYAmt
EOY$1,270,747,535EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$119,627,132BOYAmt
EOY$124,444,211EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$119,627,132BOYAmt
EOY$124,444,211EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,385,231,153BOYAmt
EOY$1,395,191,746EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$4,756,990ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$60,089NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,085,183OtherCostOrOtherBasisAmt
Book Value$10,085,183BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$35,158,638OtherCostOrOtherBasisAmt
Depreciation$14,031,492DepreciationAmt
Book Value$21,127,146BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$502,500OtherCostOrOtherBasisAmt
Depreciation$341,586DepreciationAmt
Book Value$160,914BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$26,284,085OtherCostOrOtherBasisAmt
Depreciation$20,942,434DepreciationAmt
Book Value$5,341,651BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$36,714,894TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER DEPOSITSDesc
Amt$1,142,338,358Amt
FieldValueIRS element (for citing)
Total Liability$1,142,338,358TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
FUTURES FOUNDATION FOR VOLUSIA COUNTY SCHOOLS
3750 OLSON DRIVEDAYTONA BEACHFL32124592560862501(C)(3)$6,000$0SCHOOL/CLASS-ROOM FUNDING ASSISTANCE
GO BEYOND FOUNDATION
300 S PLUMOSA STMERRITT ISLANDFL32952320652294501(C)(3)$122,091$0CONTINUED SUPPORT OF FOUNDATION
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationLAUNCH CU DETERMINES THE AMOUNT OF THE DONATION GIVEN TO EDUCATORS ACCORDING TO THE PUBLICITY LAUNCH RECEIVES. LAUNCH BUDGETS A DETERMINED AMOUNT OF DONATION FUNDS PER YEAR, CRITERIA IS BASED ON PUBLICITY RECEIVED. WHEN LAUNCH DONATES FUNDS, THE FUNDS ARE DESIGNATED TO SCHOOLS, SPECIFICALLY TEACHERS, FOR USE ON CLASSROOM PROJECTS. LAUNCH DOES NOT REQUEST ANYTHING SPECIFIC AS FAR AS OUTCOMES FROM THE PROJECTS THEY UTILIZE THE DONATED FUNDS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOSEPH MIRACHI
PRESIDENT & CEO$577,424$0$205,000$0$0$0$63,016$0$30,102$0$875,542$0$0$0
GARY LEVAR
EVP COO$272,198$0$59,731$0$0$0$10,911$0$11,992$0$354,832$0$0$0
KEVIN LEBEAU
EVP CFO$262,986$0$18,086$0$0$0$39,547$0$28,073$0$348,692$0$0$0
MARK BREWER
SVP CIO$245,909$0$59,638$0$0$0$9,765$0$28,965$0$344,277$0$0$0
JANE SCHROPP
SVP CAO$238,981$0$58,803$0$0$0$11,030$0$21,419$0$330,233$0$0$0
SHARAL HENDERSON
VP IN-HOUSE COUNSEL$223,995$0$3,323$0$0$0$10,139$0$1,891$0$239,348$0$0$0
MICHAEL D'ACQUISTO
AVP CORE APP SERVICES$187,670$0$5,460$0$0$0$7,893$0$19,420$0$220,443$0$0$0
ANGELA CROSBY
VP PROJECT MGMT OFFICE$173,436$0$5,228$0$0$0$7,425$0$27,210$0$213,299$0$0$0
MICAH FLUHARTY
CORE SYSTEM PROG MANAGER$168,309$0$4,814$0$0$0$7,119$0$22,917$0$203,159$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4BFormAndLineReferenceDesc
ExplanationJOSEPH MIRACHI - $51,765 KEVIN LEBEAU - $27,993ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION IS OWNED BY ITS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7ATHERE ARE NINE BOARD MEMBERS THAT SERVE THREE-YEAR TERMS. THE TERMS EXPIRE EVERY YEAR. IN SEPTEMBER A CALL FOR NOMINATIONS IS SENT OUT IN THE QUARTERLY NEWSLETTER. ALL NOMINATIONS ARE REVIEWED BY THE NOMINATING COMMITTEE, AND THEY WILL PICK THE THREE CANDIDATES FOR THE THREE OPEN POSITIONS. MEMBERS NOT NOMINATED CAN RUN BY FILING A PETITION AND FULFILLING THE REQUIREMENTS. IF MORE THAN THREE ARE RUNNING FOR THE THREE OPEN POSITIONS, THEN AN ELECTION WILL BE HELD WHERE ALL ELIGIBLE-TO-VOTE MEMBERS WILL BE ALLOWED TO VOTE FOR THE BOARD MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7BAPPROVAL IS REQUIRED FOR A CHANGE IN CHARTER OR AN ELECTION OF BOARD MEMBERS IF THE NUMBER OF MEMBERS RUNNING EXCEEDS THE NUMBER OF OPEN SEATS.
FORM 990, PART VI, SECTION B, LINE 11BMANAGEMENT WILL REVIEW BEFORE THE FORM IS FILED.
FORM 990, PART VI, SECTION B, LINE 12CANNUALLY, ALL BOARD MEMBERS AND EMPLOYEES, TO INCLUDE OFFICERS AND KEY EMPLOYEES, ARE REQUIRED TO ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY HOUSED IN THE EMPLOYEE HANDBOOK WHICH AFFIRMS THEIR OBLIGATION TO DISCLOSE ANY REAL OR PERCEIVED CONFLICTS OF INTEREST. BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE THE CONFLICT IMMEDIATELY AT THE TIME IT TRANSPIRES.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION SURVEY DATA , COMPRISED OF LIKE-SIZED CREDIT UNIONS IN THE SOUTH, IS REVIEWED BY THE SVP HR. INFORMATION IS PROVIDED TO THE CHAIRMAN OF THE BOARD AS WELL AS THE ANNUAL REPORT GENERATED BY THE CU'S COMP MANAGEMENT VENDOR, WHICH DETAILS MARKET CONDITIONS AND TRENDS. BASED ON INFORMATION AND CEO PERFORMANCE, THE CHAIRMAN RECOMMENDS MERIT INCREASES AND BONUSES TO THE EXECUTIVE COMMITTEE, WHICH THEN HAS TO HAVE BOARD APPROVAL. OTHER KEY EMPLOYEES AND OFFICERS COMPENSATION ARE BASED ON COMPENSATION INFORMATION THAT IS AGGREGATED BASED ON A NUMBER OF COMPENSATION SURVEYS MANAGED BY A VENDOR.
FORM 990, PART VI, SECTION C, LINE 19MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED IN EACH BRANCH ONCE APPROVED BY THE BOARD OF DIRECTORS. THE ANNUAL REPORT IS AVAILABLE ON OUR WEBSITE.
FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2:ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ASSOCIATION EXAMINES THE FINANCIAL STATEMENTS OF THE CREDIT UNION. AN ANNUAL AUDITED FINANCIAL STATEMENT IS PREPARED IN ACCORDANCE WITH GAAP BY AN INDEPENDENT CPA ON A FISCAL YEAR-END OF JUNE 30TH.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1LAUNCH CUSO HOLDINGS LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S PLUMOSA STREETAddressLine1Txt
CityMERRITT ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32952ZIPCd
FieldValueIRS element (for citing)
EIN364979168EIN
Primary ActivitiesFINANCIAL SERVICESPrimaryActivitiesTxt
Legal Domicile StateFLLegalDomicileStateCd
Total Income-$1,220,040TotalIncomeAmt
End Of Year Assets$14,712,508EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1LAUNCH CREDIT UNIONBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1GO BEYOND FOUNDATION INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S PLUMOSA STAddressLine1Txt
CityMERRITT ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32952ZIPCd
FieldValueIRS element (for citing)
EIN320652294EIN
Primary ActivitiesEDUCATIONAL ACTIVITIES FOR LOCAL COMMUNITYPrimaryActivitiesTxt
Legal Domicile StateFLLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusPFPublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
GO BEYOND FOUNDATION INC
B$122,091CASH VALUE
LAUNCH CUSO HOLDINGS
B$450,000CASH VALUE

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.