FORUM CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- FORUM CREDIT UNION (EIN 35-0779057)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-15
- IRS object ID
- 201203209349305335
- 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 | 2012-11-15T14:47:14-00:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350779057 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM Credit Union | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FORU | NameControl |
| Phone | 3175586000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 50738 | AddressLine1 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeff Welch | Name |
| Title | Chief Financial Officer | Title |
| Phone | 3175586000 | Phone |
| Date Signed | 2012-11-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3128997000 | Phone |
| Date Prepared | 2012-11-15 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Douglas True | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA Parkway | AddressLine1 |
| City | Fishers | City |
| State | IN | State |
| ZIP Code | 46037 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 59417418 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.forumcu.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1941 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | FORUM CREDIT UNIONS MISSION IS TO BE AN INNOVATIVE, DYNAMIC, RESPONSIVE FINANCIAL SERVICES ORGANIZATION THAT PROVIDES PRODUCTS AND SERVICES THAT CREATE VALUE FOR ITS MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 364 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 1051386 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 145580 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 63532675 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 57184205 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 112125 | InvestmentIncomePriorYear |
| Investment Income Current Year | 262743 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1185209 | OtherRevenuePriorYear |
| Other Revenue Current Year | 997185 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 64830009 | TotalRevenuePriorYear |
| Total Revenue Current Year | 58444133 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15713766 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 16164927 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 54449696 | OtherExpensePriorYear |
| Other Expenses Current Year | 37228091 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 70163462 | TotalExpensesPriorYear |
| Total Expenses Current Year | 53393018 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -5333453 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5051115 | RevenuesLessExpensesCY |
| Total Assets BOY | 945801972 | TotalAssetsBOY |
| Total Assets EOY | 909399428 | TotalAssetsEOY |
| Total Liabilities BOY | 854819778 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 813766695 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 90982194 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 95632733 | NetAssetsOrFundBalancesEOY |
| Mission Description | FORUM IS A 501C14 EXEMPT ORGANIZATION THAT IS OPERATED FOR MUTUAL PURPOSES AND WITHOUT PROFIT THAT 1PROMOTE THRIFT AMONG MEMBERS AND 2PROVIDE LOW COST CREDIT FOR MEMBERS. ITS COLLECTIVE CHARGE IS TO BE AN INNOVATIVE, DYNAMIC, AND RESPONSIVE FINANCIAL SERVICES ORGANIZATION PROVIDING PRODUCTS AND SERVICES THAT CREATE VALUE FOR ITS MEMBERS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | PROVIDING LOW COST CREDIT FOR MEMBERS IS THE BASIC FUNCTION OF A CREDIT UNION. THE COOPERATIVE NATURE OF THE CREDIT UNON ALLOWS FOR MARKET LEADING RATES TO BE OFFERED FOR MORTGAGE LOANS, HOME EQUITY LOANS, AUTO LOANS AND PERSONAL LOANS. IN ADDITION, FORUM WORKS CLOSELY WITH THE FHA AND OTHER HOME OWNERSHIP ORGANIZATIONS TO HELP CONSUMERS REALIZE THE DREAM OF OWNING A HOME. FORUM ORIGINATES OVER 340 MILLION IN LOANS PER YEAR IN ITS EFFORTS TO MEET MEMBERS LENDING NEEDS. | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | true | 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 | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | 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 | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 20975 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 364 | 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 | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | 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 | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | 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 | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JULIA CLARK | NamePerson |
| Telephone Number | 3175586216 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA PARKWAY | AddressLine1 |
| City | FISHERS | City |
| State | IN | State |
| ZIP Code | 46037 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| RICK RAMBO | |||||||||
| TREASURER | 005.00 | X | X | 0 | 0 | 0 | |||
| TERRI ATKINSON | |||||||||
| SECRETARY | 005.00 | X | X | 0 | 0 | 0 | |||
| MAX FALL | |||||||||
| VICE CHAIRMAN | 005.00 | X | X | 0 | 0 | 0 | |||
| JOHN DIERDORF | |||||||||
| CHAIRMAN | 005.00 | X | X | 0 | 0 | 0 | |||
| TRACY MILLS | |||||||||
| SECRETARY | 005.00 | X | X | 0 | 0 | 0 | |||
| MARK MITCHELL | |||||||||
| DIRECTOR | 005.00 | X | 0 | 0 | 0 | ||||
| CATHY KANE | |||||||||
| DIRECTOR | 005.00 | X | 0 | 0 | 0 | ||||
| KEVIN HUNT | |||||||||
| DIRECTOR | 005.00 | X | 0 | 0 | 0 | ||||
| SANDRA HOLLINGSHEAD | |||||||||
| DIRECTOR | 005.00 | X | 0 | 0 | 0 | ||||
| JOHN GALLINA | |||||||||
| DIRECTOR | 005.00 | X | 0 | 0 | 0 | ||||
| DOUGLAS TRUE | |||||||||
| CHIEF EXECUTIVE OFFICER | 040.00 | X | 209994 | 0 | 65516 | ||||
| MICHAEL PETERSON | |||||||||
| CHIEF RISK OFFICER | 040.00 | 250078 | 0 | 111044 | X | ||||
| WILLIAM DAILEY | |||||||||
| CHIEF FINANCIAL OFFICER THRU JANUARY 2011 | 040.00 | X | 409500 | 0 | 51210 | ||||
| JEFF WELCH | |||||||||
| CHIEF FINANCIAL OFFICER START FEBRUARY 2011 | 040.00 | X | 167530 | 0 | 63732 | ||||
| CHARLES ANDREW MATTINGLY | |||||||||
| CHIEF OPERATING OFFICER | 040.00 | X | 175289 | 0 | 63616 | ||||
| JENNIFER BUDREAU | |||||||||
| CHIEF OPERATING OFFICER | 040.00 | X | 182749 | 0 | 48605 | ||||
| CAMERON PIERCEFIELD | |||||||||
| CHIEF INFORMATION OFFICER | 040.00 | 126219 | 0 | 28722 | X | ||||
| JIM JARZYNSKI | |||||||||
| VP- COLLECTIONS | 040.00 | 158715 | 0 | 25890 | X | ||||
| BRIAN CRUM | |||||||||
| VP - LENDING | 040.00 | 119366 | 0 | 25569 | X | ||||
| KRISTI LOWELL | |||||||||
| VP- RETAIL DELIVERY | 040.00 | 120082 | 0 | 3678 | X | ||||
| JAMES CARR | |||||||||
| VP - COMMERCIAL GROUP | 040.00 | 153556 | 0 | 29542 | X | ||||
| RICHARD RIDENOUR | |||||||||
| VP- PCG | 040.00 | 129268 | 0 | 14494 | X | ||||
| BENJAMEN BANKS | |||||||||
| FINANCIAL ADVISOR | 040.00 | 116804 | 0 | 26461 | X | ||||
| DENISE DYE | |||||||||
| MORTGAGE CONSULTANT | 040.00 | 128362 | 0 | 26519 | X | ||||
| GARY IRVIN | |||||||||
| FORMER CHIEF EXECUTIVE OFFICER | 001.00 | 868142 | 0 | 0 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3315654 | TotalReportableCompFromOrg |
| Total Other Compensation | 584598 | TotalOtherCompensation |
| Number Individuals GT100 K | 19 | NumberIndividualsGT100K |
| Formers Listed | true | 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 |
|---|---|---|---|---|---|
| ALLIED SOLUTIONS LLC | |||||
| PO BOX 937 | NILES | MI | 49120 | INSURANCE | 614365 |
| CELLAR MASTERS LLC | |||||
| 313 E CARMEL DRIVE | CARMEL | IN | 46032 | CATERING | 562709 |
| BARNES & THORNBURG | |||||
| 11 SOUTH MERIDIAN ST | INDIANAPOLIS | IN | 46204 | LEGAL | 286484 |
| MERCER BELANGER | |||||
| 111 MONUMENT CIRCLE STE 3400 | INDIANAPOLIS | IN | 46244 | LEGAL | 236124 |
| DGU INSURANCE ASSOCIATES LLC | |||||
| 263 BROAD STREET | RED BANK | NJ | 07701 | INSURANCE | 156006 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST AND FEES ON LOANS | 522100 | 39706216 | 39634517 | 71699 |
| SERVICE FEES ON SHARE ACCOUNTS | 522100 | 8322724 | 8184268 | 138456 |
| DEBIT AND CREDIT CARD FEES | 522210 | 5270350 | 5270350 | |
| MORTGAGE BANKING | 522292 | 3722838 | 3722838 | |
| INSURANCE | 524298 | 162077 | 162077 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 57184205 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 700099 | TotalRevenueColumn |
| Exclusion | $700,099 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 506304 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 535929 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -29625 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -29625 | TotalRevenueColumn |
| Unrelated Business Revenue | -201616 | UnrelatedBusinessRevenue |
| Exclusion | $231,241 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 437356 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -437356 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -437356 | TotalRevenueColumn |
| Exclusion | -$437,356 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| ACCOUNTING TAX CONSULTING | 541200 | 70670 | 70670 | |
| INVESTMENT ADVISORY FEES | 523930 | 676340 | 676340 | |
| OTHER FEES | 230547 | 133703 | 96844 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 49253 | TotalRevenueColumn |
| Related Or Exempt Function Income | 49196 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 57 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1026810 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 58444133 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56958013 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1051386 | UnrelatedBusinessRevenue |
| Exclusion | $493,984 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2321507 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10748233 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 464719 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1575693 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1054775 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 332856 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36343 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1636528 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1086873 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1428624 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3110492 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6286 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 386230 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12995728 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2552741 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 350722 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSSES | 5501553 |
| COLLECTION AND OTHER LOAN EXPENSES | 4252319 |
| CORRESPONDANT SERVICE EXPENSE | 375468 |
| ASSOCIATION DUES | 127257 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3048071 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53393018 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15841750 | BOY |
| EOY | 16599376 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98069084 | BOY |
| EOY | 85998033 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12500 | BOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 758048583 | BOY |
| EOY | 697891502 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 57497134 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 22952786 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35706233 | BOY |
| EOY | 34544348 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5466494 | BOY |
| EOY | 36906296 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9491100 | BOY |
| EOY | 8801800 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23166228 | BOY |
| EOY | 28658073 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 945801972 | BOY |
| EOY | 909399428 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7714984 | BOY |
| EOY | 12876190 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 186857608 | BOY |
| EOY | 148250500 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 660247186 | BOY |
| EOY | 652640005 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 854819778 | BOY |
| EOY | 813766695 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90982194 | BOY |
| EOY | 95632733 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90982194 | BOY |
| EOY | 95632733 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 945801972 | BOY |
| EOY | 909399428 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5051115 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -400576 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 2702 | PoliticalExpenditures |
| Amt Expended For527 Activities | 702 | AmtExpendedFor527Activities |
| Amt Of Internal Funds Contributed | 2000 | AmtOfInternalFundsContributed |
| Total Exmpt Function Expenditures | 2702 | TotalExmptFunctionExpenditures |
| Form1120 Pol Filed | true | Form1120PolFiled |
Sec527 Pol Orgs Sec527PolOrgs
Name Of527 Organization NameOf527Organization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INDIANA CREDIT UNION LEAGUE PAC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 50425 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237305600 | EIN |
| Amt Pd From Internal Funds | 2000 | AmtPdFromInternalFunds |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | I-A | Identifier |
| Return Reference | 1 | ReturnReference |
| Explanation | FORUM CREDIT UNION CONTRIBUTES FUNDS TO THE INDIANA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE OF 2,000. FORUM ALSO PROVIDED RENTAL SPACE AND FOOD FOR A UNITED STATES CONGRESSIONAL FUNDRAISER 702. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Included On FS | false | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5658044 | OtherCostOrOtherBasis |
| Book Value | 5658044 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 36755372 | OtherCostOrOtherBasis |
| Depreciation | 11573133 | Depreciation |
| Book Value | 25182239 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2330819 | OtherCostOrOtherBasis |
| Depreciation | 1658422 | Depreciation |
| Book Value | 672397 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12752899 | OtherCostOrOtherBasis |
| Depreciation | 9721231 | Depreciation |
| Book Value | 3031668 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 34544348 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 113000 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Members Share Accounts | Description |
| Amount | $652,527,005 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 652640005 | TotalOfAmounts |
| Total Revenue | 58444133 | TotalRevenue |
| Total Expenses | 53393018 | TotalExpenses |
| Excess Or Deficit For Year | 5051115 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 174000 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 174000 | TotalAdjustments |
| Excess Or Deficit Per FS | 5225115 | ExcessOrDeficitPerFS |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| X | 2 | THE CREDIT UNION IS STATE CHARTERED, AND IS SUBJECT TO INDIANA STATE FRANCHISE TAX. THE FRANCHISE TAX RATE IS 8.5 BASED ON NET INCOME LESS STATUTORY RESERVE TRANSFERS FOR THE YEAR. THE CREDIT UNION IS EXEMPT FROM FEDERAL INCOME TAX. FORUM SOLUTIONS.COM, LLC, FS AND FORUM PRIVATE CLIENT GROUP, LLC PCG ARE LIMITED LIABILITY COMPANIES THAT ARE CONSIDERED PART OF THE CREDIT UNION FOR TAX PURPOSES. A CONSOLIDATED STATE FRANCHISE TAX RETURN IS FILED FOR ALL ENTITIES. THE CREDIT UNION IS |
| X | 2 | SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT ON CERTAIN INSURANCE AND OTHER INCOME AND THE TAXABLE INCOME OF FS AND PCG AS OF DECEMBER 31, 2011. THE CREDIT UNION HAS A UBIT LIABILITY OF 113,000 AND A STATE FRANCHISE TAX NET OPERATING LOSS CARRYFORWARD OF 17,249,000 WHICH WILL BEGIN TO EXPIRE IN 2026. A DEFERRED TAX ASSET OF 1,480,000 AND 1,883,000 WAS RECORDED AT DECEMBER 31,2011 AND 2010 RELATED TO THE FRANCHISE TAX LOSS CARRYFORWARD, AS REALIZATION IS EXPECTED PRIOR TO EXPIRATION. |
| X | 2 | THERE ARE NO OTHER SIGNIFICANT DEFERRED TAX ASSETS OR LIABILITIES. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE LIKELY THAN NOT TEST, NO TAX BENEFIT IS RECORDED. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg |
|---|---|---|---|---|---|---|
| DOUGLAS TRUE | ||||||
| 183001 | 25440 | 1553 | 41855 | 23661 | 275510 | 25440 |
| MICHAEL PETERSON | ||||||
| 219223 | 25440 | 5414 | 70640 | 20404 | 341121 | 25440 |
| WILLIAM DAILEY | ||||||
| 8042 | 25440 | 376018 | 21635 | 18575 | 449710 | 25440 |
| JEFF WELCH | ||||||
| 140771 | 25440 | 1319 | 40744 | 22988 | 231262 | 25440 |
| CHARLES ANDREW MATTINGLY | ||||||
| 148785 | 25440 | 1064 | 40396 | 23220 | 238905 | 25440 |
| JENNIFER BUDREAU | ||||||
| 155753 | 25440 | 1556 | 40550 | 8055 | 231354 | 25440 |
| CAMERON PIERCEFIELD | ||||||
| 108515 | 16960 | 744 | 27549 | 1173 | 154941 | 16960 |
| JIM JARZYNSKI | ||||||
| 157307 | 1408 | 5726 | 20164 | 184605 | ||
| JAMES CARR | ||||||
| 138848 | 14077 | 631 | 6461 | 23081 | 183098 | 14077 |
| DENISE DYE | ||||||
| 128344 | 18 | 5401 | 21118 | 154881 | ||
| GARY IRVIN | ||||||
| 868142 | 868142 | |||||
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| I | 4a | A SEVERANCE PAYMENT WAS PAID TO WILLIAM DAILEY DURING 2011 IN THE AMOUNT OF 187,377. |
| I | 4b | WILLIAM DAILEY AND MICHAEL PETERSON PARTICIPATE IN A SECTION 457F RETIREMENT PLAN. THE ORGANIZATION MADE THE FOLLOWING CONTRIBUTIONS TO THE 457F PLAN DURING THE YEAR. WILLIAM DAILEY 11,000 AND MICHAEL PETERSON 20,000. |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JIM JARZYNSKI | NamePerson |
| Purpose Of Loan | RELOCATION EXPENSES | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $25,000 | OriginalPrincipalAmount |
| Default | false | Default |
| Approved By Board | false | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| KELLI DIERDORF | |||
| FAMILY MEMBER OF JOHN DIERDORF,CHAIRMAN | 60623 | COMPENSATION AS EMPLOYEE OF FORUM CREDIT UNION | false |
| KATHLEEN PIERCEFIELD | |||
| FAMILY MEMBER OF CAMERON PIERCEFIELD,CIO | 71217 | COMPENSATION AS EMPLOYEE OF FORUM CREDIT UNION | false |
| ANTHEM BLUE CROSS AND BLUE SHIELD | |||
| SEE SUPPLEMENTAL INFO | 1576376 | INSURANCE PAYMENTS | false |
| CREDIT UNION CENTERS LLC | |||
| SEE SUPPLEMENTAL INFO | 135636 | SHARED BRANCH SERVICES | false |
Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| IV | 3 | JOHN GALINA, BOARD MEMBER OF FORUM CREDIT UNION IS THE CHIEF RISK OFFICER FOR ANTHEMS PARENT COMPANY WELLPOINT, INC |
| IV | 4 | KRISTI LOWELL, VP RETAIL DELIVERY IS A BOARD MEMBER OF CUCC. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990 Part VI | 6 | THERE IS ONE CLASS OF MEMBERS. CREDIT UNION MEMBERS HAVE THE RIGHT TO ELECT THE BOARD AND SUPERVISORY COMMITTEE MEMBERS AT THE ANNUAL MEMBERSHIP MEETING. |
| Form 990 Part VI | 7A | EACH MEMBER OWNS ONE SHARE AND CAN ONLY VOTE ONCE. MEMBERS HAVE THE OPPORTUNITY TO VOTE AT THE ANNUAL MEETING ON NOMINEES FOR THE BOARD POSITIONS SELECTED BY THE NOMINATING COMMITTEE. THE BOARD APPOINTS FROM WITHIN ITSELF MEMBERS OF THE NOMINATING COMMITTEE. SHOULD A BOARD POSITION HAVE MORE THAN ONE CANDIDATE, A BALLOT WOULD BE MAILED 60 DAYS PRIOR TO THE ANNUAL MEETING TO ALL VOTING MEMBERS. THE BALLOTS MUST BE RETURNED FIVE DAYS PRIOR TO THE ANNUAL MEETING. ALL BALLOTS WOULD BE VERIFIED AND TALLIED. THE RESULTS OF THE BALLOTS WOULD BE ANNOUNCED AT THE ANNUAL MEETING. |
| Form 990 Part VI | 11B | THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY AN INDEPENDENT TAX RETURN PREPARER. SENIOR MANAGEMENT AND THE TREASURER CONDUCTS THE INITIAL REVIEW OF THE FORM 990. THE BOARD TREASURER THEN PROVIDES COPIES OF THE RETURN TO THE BOARD AND RESPONDS TO ANY QUESTIONS THAT ARISE. |
| Form 990 Part VI | 12C | BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN ANNUALLY TO DISCLOSE POTENTIAL CONFLICTS. INTERESTED BOARD MEMBERS DO NOT PARTICIPATE IN VOTING ON MATTERS WHERE CONFLICTS OF INTEREST EXIST. THE BOARD CHAIRMAN ENSURES THIS PRACTICE IS UPHELD. LIKEWISE, OFFICERS AND KEY EMPLOYEES WITH CONFLICTS OF INTEREST SHALL DISCLOSE THE MATTER WITH CEO AND CHAIRMAN OF THE BOARD OF DIRECTORS. THE INDIVIDUAL SHALL MAKE NO DECISION OR TAKE ANY ACTION WITH RESPECT TO THE MATTER UNLESS AUTHORIZED BY THE CEO AND/OR BOARD OF DIRECTORS. THE OFFICER, DIRECTOR, OR KEY EMPLOYEE MAY BE ASKED TO RESIGN OR END THE CONFLICT. |
| Form 990 Part VI | 15A | THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE CEOS SALARY AND BENEFITS ANNUALLY. APPROXIMATELY EVERY THREE YEARS THE COMMITTEE USES COMPENSATION SURVEYS WITH CRITERIA ON SIMILAR SIZE ORGANIZATIONS IN ITS DECISION MAKING PROCESS. ALL DELIBERATONS AND DECISIONS REGARDING THE COMPENSATION AND BENEFITS ARE INCLUDED IN THE COMMITTEE MINUTES. THIS WAS UNDERTAKEN IN 2011 FOR THE NEW CEO. |
| Form 990 Part VI | 15B | SALARIES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE HR DEPARTMENT. ANNUAL ADJUSTMENTS TO SALARIES ARE BASED ON RESULTS OF PERFORMANCE REVIEWS. THE COMPARABILITY DATA IS USED WHEN A POSITION HAS BEEN FILLED. THIS PROCESS WAS LAST UNDERTAKEN IN 2011. |
| Form 990 Part VI | 19 | A SUMMARY OF THE FINANCIAL STATEMENTS ARE AVAILABLE AT EACH BRANCH LOCATION. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
| Form 990 Part XI | 5 | NET UNREALIZED GAINS LOSSES ON INVESTMENTS 174,000 INCOME TAX EXPENSE RECORDED ON AUDITED FINANCIAL STATEMENTS 622,739 CHANGE IN UNREALIZED POSTRETIREMENT BENEFIT TRANSITION OBLIGATION 48,163 |
| Form 990 Part VI Section A Line 6 THERE IS ONE CLASS OF MEMBERS. CREDIT UNION MEMBERS HAVE THE RIGHT TO ELECT THE BOARD AND SUPERVISORY COMMITTEE MEMBERS AT THE ANNUAL MEMBERSHIP MEETING. Form 990 Part VI Section A Line 7A EACH MEMBER OWNS ONE SHARE AND CAN ONLY VOTE ONCE. MEMBERS HAVE THE OPPORTUNITY TO VOTE AT THE ANNUAL MEETING ON NOMINEES FOR THE BOARD POSITIONS SELECTED BY THE NOMINATING COMMITTEE. THE BOARD APPOINTS FROM WITHIN ITSELF MEMBERS OF THE NOMINATING COMMITTEE. SHOULD A BOARD POSITION HAVE MORE THAN ONE CANDIDATE, A BALLOT WOULD BE MAILED 60 DAYS PRIOR TO THE ANNUAL MEETING TO ALL VOTING MEMBERS. THE BALLOTS MUST BE RETURNED FIVE DAYS PRIOR TO THE ANNUAL MEETING. ALL BALLOTS WOULD BE VERIFIED AND TALLIED. THE RESULTS OF THE BALLOTS WOULD BE ANNOUNCED AT THE ANNUAL MEETING. Form 990 Part VI Section B Line 11B THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY AN INDEPENDENT TAX RETURN PREPARER. SENIOR MANAGEMENT AND THE TREASURER CONDUCTS THE INITIAL REVIEW OF THE FORM 990. THE BOARD TREASURER THEN PROVIDES COPIES OF THE RETURN TO THE BOARD AND RESPONDS TO ANY QUESTIONS THAT ARISE. Form 990 Part VI Section B Line 12C BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN ANNUALLY TO DISCLOSE POTENTIAL CONFLICTS. INTERESTED BOARD MEMBERS DO NOT PARTICIPATE IN VOTING ON MATTERS WHERE CONFLICTS OF INTEREST EXIST. THE BOARD CHAIRMAN ENSURES THIS PRACTICE IS UPHELD. LIKEWISE, OFFICERS AND KEY EMPLOYEES WITH CONFLICTS OF INTEREST SHALL DISCLOSE THE MATTER WITH CEO AND CHAIRMAN OF THE BOARD OF DIRECTORS. THE INDIVIDUAL SHALL MAKE NO DECISION OR TAKE ANY ACTION WITH RESPECT TO THE MATTER UNLESS AUTHORIZED BY THE CEO AND/OR BOARD OF DIRECTORS. THE OFFICER, DIRECTOR, OR KEY EMPLOYEE MAY BE ASKED TO RESIGN OR END THE CONFLICT. Form 990 Part VI Section B Line 15A THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE CEOS SALARY AND BENEFITS ANNUALLY. APPROXIMATELY EVERY THREE YEARS THE COMMITTEE USES COMPENSATION SURVEYS WITH CRITERIA ON SIMILAR SIZE ORGANIZATIONS IN ITS DECISION MAKING PROCESS. ALL DELIBERATONS AND DECISIONS REGARDING THE COMPENSATION AND BENEFITS ARE INCLUDED IN THE COMMITTEE MINUTES. THIS WAS UNDERTAKEN IN 2011 FOR THE NEW CEO. Form 990 Part VI Section B Line 15B SALARIES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE HR DEPARTMENT. ANNUAL ADJUSTMENTS TO SALARIES ARE BASED ON RESULTS OF PERFORMANCE REVIEWS. THE COMPARABILITY DATA IS USED WHEN A POSITION HAS BEEN FILLED. THIS PROCESS WAS LAST UNDERTAKEN IN 2011. Form 990 Part VI Section B Line 19 A SUMMARY OF THE FINANCIAL STATEMENTS ARE AVAILABLE AT EACH BRANCH LOCATION. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Form 990 Part XI Line 5 NET UNREALIZED GAINS LOSSES ON INVESTMENTS 174,000 INCOME TAX EXPENSE RECORDED ON AUDITED FINANCIAL STATEMENTS 622,739 CHANGE IN UNREALIZED POSTRETIREMENT BENEFIT TRANSITION OBLIGATION 48,163 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| FORUM SOLUTIONSCOM LLC | |||||||||
| PO BOX 50738 | INDIANAPOLIS | IN | 46250 | 350779057 | Software sales | IN | 128055 | 4311351 | NA |
| FORUM PRIVATE CLIENT GROUP LLC | |||||||||
| PO BOX 50738 | INDIANAPOLIS | IN | 46250 | 208174999 | Investment Mgmt | IN | 747010 | 113510 | NA |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIMI INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA PARKWAY | AddressLine1 |
| City | FISHERS | City |
| State | IN | State |
| ZIP Code | 46037 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351714970 | EIN |
| Primary Activity | MORTGAGE LOAN SERVICE | PrimaryActivity |
| Legal Domicile State | IN | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C Corp | TypeOfEntity |
| Share Of Total Income | 70023 | ShareOfTotalIncome |
| Share Of EOY Assets | 3131300 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | 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 | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |