MIDFLORIDA CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MIDFLORIDA CREDIT UNION (EIN 59-6194363)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-12-11
- IRS object ID
- 201233469349300018
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-12-11T14:41:29-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gerald E Creasman CPA PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10691 North Kendall Drive Suite 107 | AddressLine1 |
| City | Miami | City |
| State | FL | State |
| ZIP Code | 33176 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 596194363 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MIDF | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33802 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | D KEVIN JONES | Name |
| Title | PRESIDENT CEO | Title |
| Date Signed | 2012-12-11 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Gerald E Creasman CPA | Name |
| Phone | 3055960903 | Phone |
| Date Prepared | 2012-12-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | D KEVIN JONES | NameOfPrincipalOfficerPerson |
| Gross Receipts | 180994641 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MIDFLORIDA.COM | WebSite |
| Type Of Organization Association | X | TypeOfOrganizationAssociation |
| Year Formation | 1954 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE O | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 604 | TotalNbrEmployees |
| Total Nbr Volunteers | 13 | TotalNbrVolunteers |
| Total Gross UBI | 913260 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 81421157 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 91276373 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 10510498 | InvestmentIncomePriorYear |
| Investment Income Current Year | 12428657 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | -3447252 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 91931655 | TotalRevenuePriorYear |
| Total Revenue Current Year | 100257778 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 26730573 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 30818716 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 51945231 | OtherExpensePriorYear |
| Other Expenses Current Year | 54814221 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 78675804 | TotalExpensesPriorYear |
| Total Expenses Current Year | 85632937 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 13255851 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 14624841 | RevenuesLessExpensesCY |
| Total Assets BOY | 1520143890 | TotalAssetsBOY |
| Total Assets EOY | 1597448941 | TotalAssetsEOY |
| Total Liabilities BOY | 1387047183 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1453613544 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 133096707 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 143835397 | NetAssetsOrFundBalancesEOY |
| Mission Description | SEE SCHEDULE O | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 85632937 | Expense |
| Description | EMPLOYEE LABOR AND BENEFIT COSTS INCURRED TO SUPPORT SAVINGS SERVICES LOAN ORIGINATIONS AND SERVICING THE LOAN PORTFOLIO FOR ITS MEMBERS | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OFFICE EXPENSES AND DATA PROCESSING EXPENSES NECESSARY TO SUPPORT MEMBER ACCOUNT AND LOAN ACTIVITY BY PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING ATM NETWORKS AND IN PERSON AT THE CREDIT UNION OFFICES | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DIVIDENDS AND INTEREST PAID TO MEMBERS ON THEIR SHARE ACCOUNTS MONEY MARKET ACCOUNTS AND CERTIFICATE OF DEPOSIT ACCOUNTS | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 85632937 | TotalProgramServiceExpense |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 162 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 604 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | true | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SAMUEL STEVE MOSLEY | NamePerson |
| Telephone Number | 8136162101 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33802 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Average Hours Per WeekAverageHoursPerWeek | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| CHESTER BROJEK | ||||||||
| SECRETARY | X | 0 | 0 | 0 | ||||
| DAN PIERCE | ||||||||
| DIRECTOR | X | 0 | 0 | 0 | ||||
| DON WILLIAMS | ||||||||
| DIRECTOR | X | 0 | 0 | 0 | ||||
| GARY RHULE | ||||||||
| DIRECTOR | X | 0 | 0 | 0 | ||||
| HARRY WILLIAMS | ||||||||
| TREASURER | X | 0 | 0 | 0 | ||||
| NICK SUDINZA | ||||||||
| DIRECTOR | X | 0 | 0 | 0 | ||||
| RICHARD ISINGHOOD | ||||||||
| VICE CHAIRMAN | X | 0 | 0 | 0 | ||||
| SANDY PRINCE | ||||||||
| CHAIRMAN | X | 0 | 0 | 0 | 5.00 | |||
| TIM HARRIS | ||||||||
| DIRECTOR | X | 0 | 0 | 0 | ||||
| D KEVIN JONES | ||||||||
| PRESIDENT CEO | 533336 | 0 | 0 | 50.00 | X | X | ||
| KATHY BRITT | ||||||||
| CHIEF OPERATING OFFICER | 246358 | 0 | 0 | 50.00 | X | |||
| SAMUEL STEVE MOSLEY | ||||||||
| EXEC VICE PRESIDENT CFO | 308376 | 0 | 0 | 50.00 | X | |||
| AMANDA GAYLE OBRIEN | ||||||||
| CHIEF ADMINISTRATIVE OFFICER | 223369 | 0 | 0 | 50.00 | X | |||
| DAVID HAND | ||||||||
| CHIEF OF BUSINESS | 228743 | 0 | 0 | 50.00 | X | |||
| DENNIS PERSHING | ||||||||
| CHIEF LENDING OFFICER | 242816 | 0 | 0 | 50.00 | X | |||
| MARK GRAY | ||||||||
| CHIEF TECHNOLOGY OFFICER | 163462 | 0 | 0 | 50.00 | X | |||
| SANDRA GIBSON | ||||||||
| CHIEF OF REAL ESTATE LENDING | 235553 | 0 | 0 | 50.00 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2182013 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MIDFLORIDA TITLE PROFESSIONALS | |||||
| PO BOX 8008 | LAKELAND | FL | 33803 | TITLE PREPARATION | 3181650 |
| PENTEGRA PENSION SERVICES | |||||
| 108 CORPORATE PARK DRIVE | WEST HARRISON | NY | 10604 | PENSION SERVICES | 2518306 |
| DIEBOLD INC | |||||
| PO BOX 643543 | PITTSBURGH | PA | 152643543 | EQUIPMENT & SEC | 1094803 |
| HENKELMAN CONSTRUCTION INC | |||||
| 1830 N CRYSTAL LAKE DRIVE | LAKELAND | FL | 33801 | CONSTRUCTION | 843639 |
| FISERV | |||||
| PO BOX 6974 | CHICAGO | IL | 606756974 | DATA PROCESSING | 765238 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 900099 | 56963167 | 56963167 | |
| FEE INCOME | 900099 | 17141679 | 17141679 | |
| OTHER OPERATING INCOME | 900099 | 16258267 | 16258267 | |
| NON-MEMBER ATM FEE INC | 525990 | 913260 | 913260 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 91276373 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10210656 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10210656 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 82954864 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 80736863 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2218001 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2218001 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2218001 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| GAIN ON DISP OF ASSETS | 900099 | 68470 | 68470 |
| NON OPERATING LOSS | 900099 | -3515722 | -3515722 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | -3447252 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 100257778 | TotalRevenueColumn |
| Related Or Exempt Function Income | 99344518 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 913260 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2188538 | Total |
| Program Services | 2188538 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21136326 | Total |
| Program Services | 21136326 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 582015 | Total |
| Program Services | 582015 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6911837 | Total |
| Program Services | 6911837 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107881 | Total |
| Program Services | 107881 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57150 | Total |
| Program Services | 57150 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5854571 | Total |
| Program Services | 5854571 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 706896 | Total |
| Program Services | 706896 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5260718 | Total |
| Program Services | 5260718 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3662439 | Total |
| Program Services | 3662439 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7569 | Total |
| Program Services | 7569 | ProgramServices |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SEE ATTACHED SCHEDULE | Description |
| Total | 39156997 | Total |
| Program Services | 39156997 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85632937 | Total |
| Program Services | 85632937 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26538275 | BOY |
| EOY | 15775132 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2509060 | BOY |
| EOY | 5662388 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 939746871 | BOY |
| EOY | 993657213 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 3220764 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 95627823 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 28812181 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63574805 | BOY |
| EOY | 66815642 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 471742569 | BOY |
| EOY | 502050947 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4371792 | BOY |
| EOY | 4371792 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11660518 | BOY |
| EOY | 5895063 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1520143890 | BOY |
| EOY | 1597448941 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119699101 | BOY |
| EOY | 116585565 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1267348082 | BOY |
| EOY | 1337027979 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1387047183 | BOY |
| EOY | 1453613544 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133096707 | BOY |
| EOY | 143835397 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133096707 | BOY |
| EOY | 143835397 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1520143890 | BOY |
| EOY | 1597448941 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 14624841 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -3886151 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | true | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18404148 | OtherCostOrOtherBasis |
| Book Value | 18404148 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 51209976 | OtherCostOrOtherBasis |
| Depreciation | 10552658 | Depreciation |
| Book Value | 40657318 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1394537 | OtherCostOrOtherBasis |
| Depreciation | 652106 | Depreciation |
| Book Value | 742431 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 22057706 | OtherCostOrOtherBasis |
| Depreciation | 17607417 | Depreciation |
| Book Value | 4450289 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2561456 | OtherCostOrOtherBasis |
| Book Value | 2561456 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 66815642 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| OTHER ASSETS | 3768163 |
| LOANS HELD FOR SALE | 2126900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 5895063 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER SHARE ACCOUNTS | Description |
| Amount | $1,337,027,979 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1337027979 | TotalOfAmounts |
| Total Revenue | 100257778 | TotalRevenue |
| Total Expenses | 85632937 | TotalExpenses |
| Excess Or Deficit For Year | 14624841 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 3626799 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 3626799 | TotalAdjustments |
| Excess Or Deficit Per FS | 18251640 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 100257778 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 100257778 | RevenueSubtotal |
| Total Revenue Per Form990 | 100257778 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 85632937 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 85632937 | ExpensesSubtotal |
| Total Expenses Per Form990 | 85632937 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D KEVIN JONES | |||||||||||||
| 533336 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 533336 | 0 | 0 | 0 |
| SAMUEL STEVE MOSLEY | |||||||||||||
| 308376 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 308376 | 0 | 0 | 0 |
| KATHY BRITT | |||||||||||||
| 246358 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 246358 | 0 | 0 | 0 |
| DAVID HAND | |||||||||||||
| 228743 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 228743 | 0 | 0 | 0 |
| SANDRA GIBSON | |||||||||||||
| 235553 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 235553 | 0 | 0 | 0 |
| DENNIS PERSHING | |||||||||||||
| 242816 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 242816 | 0 | 0 | 0 |
| AMANDA GAYLE OBRIEN | |||||||||||||
| 223369 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 223369 | 0 | 0 | 0 |
| MARK GRAY | |||||||||||||
| 163462 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163462 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 01. Member election for additional members (Part VI, line 7a) | ANNUAL ELECTIONS ARE HELD AND ALL MEMBERS IN GOOD STANDING ARE ENTITLED TO VOTE FOR THE SLATE OF VOLUNTEERS THAT HAVE BEEN PLACED ON BALLOTS |
| 02. Governing body decisions (Part VI, line 7b) | DECISIONS ARE SUBJECT TO APPROVAL BY MEMBERS AND THE BOARD OF DIRECTORS |
| 03. Form 990 governing body review (Part VI, line 11) | ANNUAL TAX RETURNS ARE REVIEWED BY OFFICERS AND BOARD OF DIRECTORS |
| 04. Conflict of interest policy compliance (Part VI, line 12c) | THE ENFORCEMENT OF CONFLICTS OF INTEREST ARE CARRIED OUT BY THE ORGANIZATION ANY CONFLICTS OF INTEREST RELATED TO OFFICERS AND DIRECTORS ARE REPORTED TO THE STATE AS PART OF ANNUAL REGULATORY AUDIT |
| 05. CEO, executive director, top management comp (Part VI, line 15a) | COMPENSATION FOR TOP OFFICIAL CEO IS COMPRISED OF BOTH A CREDIT UNION AND BANK PEER COMPARISON SURVEY THE SURVEY IS PRESENTED TO THE BOARD OF DIRECTORS AND THE BOARD APPROVES THE SALARY OF THE CEO THE CEO CONTRACT IS WRITTEN AND APPROVED BY THE BOARD OF DIRECTORS |
| 06. Other officer or key employee compensation (Part VI, line 15b | COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS DETERMINED USING CREDIT UNION AND BANK PEER COMPARISON SURVEY THE INFORMATION IS PRESENTED TO THE BOARD OF DIRECTORS AND A SALARY RANGE OR INCREASES ARE APPROVED BY BOARD OF DIRECTORS THE CEO THAN APPROVES ALL SALARY INCREASES BASED ON BOARD GUIDELINES |
| 07. Governing documents, etc, available to public (Part VI, line 19) | GOVERNING DOCUMENTS BYLAWS AND COPIES OF TAX RETURNS ARE MADE AVAILABLE BY REQUEST ONLY THESE DOCUMENTS ARE PROVIDED IN COPY FORMAT WITHIN REASONABLE TIME FRAMES |
| 08. Explanation of other changes in net assets or fund balances (Part XI, line 5) | ADJUSTMENT FOR MARKET VAULE RELATED INVESTMENTS AND ACCUMULATED OTHER COMPREHENSIVE INCOME |
Schedule R IRS990ScheduleR
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLOORIDA TITLE LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33803 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510423632 | EIN |
| Primary Activity | TITLE | PrimaryActivity |
| Legal Domicile State | FL | LegalDomicileState |
| Predominant Income Type | 1 - RELATED | PredominantIncomeType |
| Share Of Total Income | 158232 | ShareOfTotalIncome |
| Share Of EOY Assets | 69320 | ShareOfEOYAssets |
| Disproportionate Allocations | false | DisproportionateAllocations |
| General Or Managing Partner | true | GeneralOrManagingPartner |
| Percentage Ownership | 0.5500 | PercentageOwnership |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDFLORIDA REAL ESTATE LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8008 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33802 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261481756 | EIN |
| Primary Activity | REAL ESTATE SALES | PrimaryActivity |
| Legal Domicile State | FL | LegalDomicileState |
| Type Of Entity | C Corp | TypeOfEntity |
| Share Of Total Income | 20954 | ShareOfTotalIncome |
| Share Of EOY Assets | 362953 | ShareOfEOYAssets |
| Percentage Ownership | 1.0000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Comments