IOWA CREDIT UNION LEAGUE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- IOWA CREDIT UNION LEAGUE (EIN 83-0494970)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-10
- IRS object ID
- 201103149349302155
- Schema version
- 2010v3.4
- 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 | 2011-11-10T10:47:10-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM MCGLADREY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 LOCUST ST STE 640 | AddressLine1 |
| City | DES MOINES | City |
| State | IA | State |
| ZIP Code | 503092354 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830494970 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IOWA CREDIT UNION LEAGUE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | IOWA | NameControl |
| Phone | 5152213000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 NW 118TH STREET | AddressLine1 |
| City | DES MOINES | City |
| State | IA | State |
| ZIP Code | 50325 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL J POWERS | Name |
| Title | CFO | Title |
| Phone | 5152213000 | Phone |
| Date Signed | 2011-11-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | VIRGINIA M STRIEGEL | Name |
| Phone | 5155586600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL J POWERS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 NW 118TH STREET | AddressLine1 |
| City | DES MOINES | City |
| State | IA | State |
| ZIP Code | 50325 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3020111 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.IOWACREDITUNIONS.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1933 | YearFormation |
| State Legal Domicile | IA | StateLegalDomicile |
| Activity Or Mission Description | TO STRENGTHEN THE CREDIT UNION MOVEMENT BY PROMOTING ITS GROWTH AND WELL-BEING, AND PROVIDING THE TOOLS FOR MEMBERS TO SUCCEED. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 30 | TotalNbrVolunteers |
| Total Gross UBI | 33283 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -124697 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 489828 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 223257 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1201848 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -77852 | InvestmentIncomePriorYear |
| Investment Income Current Year | 259965 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 258557 | OtherRevenuePriorYear |
| Other Revenue Current Year | 31162 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 893790 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1492975 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 17457 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 32425 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 382340 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 791203 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 830195 | OtherExpensePriorYear |
| Other Expenses Current Year | 1541979 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1229992 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2365607 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -336202 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -872632 | RevenuesLessExpensesCY |
| Total Assets BOY | 21274775 | TotalAssetsBOY |
| Total Assets EOY | 20061455 | TotalAssetsEOY |
| Total Liabilities BOY | 999723 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 916651 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 20275052 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 19144804 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE IOWA CREDIT UNION LEAGUE (ICUL) IS THE NON-PROFIT TRADE ASSOCIATION THAT REPRESENTS THE INTERESTS OF IOWA'S CREDIT UNIONS. ICUL WAS ESTABLISHED IN 1933 AND CONTINUES TO FOCUS ON OUR MISSION "TO STRENGTHEN THE CREDIT UNION MOVEMENT BY PROMOTING ITS GROWTH AND WELL-BEING, AND PROVIDING THE TOOLS FOR MEMBERS TO SUCCEED." ICUL PROVIDES THE FOLLOWING SERVICES TO IOWA CREDIT UNIONS: LEGISLATIVE ADVOCACY, REGULATORY COMPLIANCE, PUBLIC AFFAIRS, PROFESSIONAL DEVELOPMENT AND MANAGEMENT CONSULTING. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | LEGISLATIVE ADVOCACY - WORK TO SECURE A FAIR AND FAVORABLE LEGISLATIVE ENVIRONMENT FOR IOWA CREDIT UNIONS THROUGH PROFESSIONAL LOBBYING, COALITION BUILDING, GRASSROOTS ORGANIZATION AND THE CREDIT UNION POLITICAL ACTION COMMITTEE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REGULATORY COMPLIANCE - MONITOR REGULATORY ISSUES, FIELD COMPLIANCE QUESTIONS, PROVIDE STRATEGIC DIRECTION CONCERNING CREDIT UNION COMPLIANCE ISSUES, AND CONDUCT BSA INDEPENDENT TESTS AND WEBSITE COMPLIANCE AUDITS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PUBLIC AFFAIRS AND MARKETING - THE PUBLIC RELATIONS AND MARKETING DEPARTMENT WORKS CLOSELY WITH CREDIT UNIONS TO DISSEMINATE PERTINENT INFORMATION TO THE MEDIA AND COMMUNITY ABOUT IOWA CREDIT UNIONS AND NEW DEVELOPMENTS IN THE INDUSTRY. ALSO SERVES AS THE RESOURCE FOR COMMUNITY AND MEDIA RELATIONS, MARKETING THE CREDIT BRAND, AND THE ANNUAL ADVOCACY CAMPAIGN. | Description |
Activity Other ActivityOther (2 entries)
| DescriptionDescription |
|---|
| PROFESSIONAL DEVELOPMENT - THE LEAGUE, IN PARTNERSHIP WITH CUNA, HOLDS NUMEROUS PROFESSIONAL DEVELOPMENT SEMINARS EACH YEAR FOR IOWA CREDIT UNIONS TO HELP THEM LEARN MORE ABOUT HOW TO BEST SERVE THEIR MEMBERS. THE EDUCATION DEPARTMENT HELPS ORGANIZE ANNUAL CONVENTION AND MANAGES THE VENDOR INVOLVMENT PROGRAM. |
| MANAGMENT CONSULTATION - THE MANAGEMENT CONSULTANTS AT ICUL ARE STRATEGIC PARTNERS WITH INDIVIDUAL CREDIT UNIONS TO HELP THEM IDENTIFY GOALS AND CHALLENGES, AND TO PREPARE FOR THE FUTURE DEVELOPMENT OF THEIR CREDIT UNION. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 1 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 17 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIKE POWERS CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5152213000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 NW 118TH STREET | AddressLine1 |
| City | DES MOINES | City |
| State | IA | State |
| ZIP Code | 50325 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| JOHN BENTLER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JANINE KEIM | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOE GONZALEZ | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| TIM MARCSISAK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MIKE WHITTIE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RICK BENHART | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOE HEARN | ||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | |
| TIM CHAPMAN | ||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | |
| DENNIS CHOATE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PAT DRENNEN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| TIM WALLEN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BRENT HELIN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JIM HAGERMAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DENNIS SIEMERS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PATRICK JURY | ||||||
| CEO/SEC & TREAS | 8.00 | 0 | 347601 | 67512 | X | |
| MURRAY WILLIAMS | ||||||
| COO | 32.00 | 0 | 134674 | 23807 | X | |
| MIKE POWERS | ||||||
| CFO | 8.00 | 0 | 210982 | 37894 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 693257 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 129213 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| AFFILIATES MANAGEMENT COMPANY - POLICYWO | |||||
| 1500 NW 118TH STREET | DES MOINES | IA | 50325 | LOBBYING & REGULATORY SERVICE | 539895 |
| AFFILIATES MANAGEMENT COMPANY (AMC) | |||||
| 1500 NW 118TH STREET | DES MOINES | IA | 50325 | HUMAN RESOURCES | 107052 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| MEMBERSHIP DUES | 561000 | 973518 | 973518 | |
| ANNUAL MEETING | 561000 | 169670 | 169670 | |
| SERVICE FEES | 561000 | 58660 | 56539 | 2121 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1201848 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 231287 | TotalRevenueColumn |
| Exclusion | $231,287 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1555814 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1527136 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 28678 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 28678 | TotalRevenueColumn |
| Exclusion | $28,678 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MANAGEMENT CONTRACTS | Description |
| Business Code | 561000 | BusinessCode |
| Total Revenue Column | 31162 | TotalRevenueColumn |
| Unrelated Business Revenue | 31162 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 31162 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1492975 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1199727 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 33283 | UnrelatedBusinessRevenue |
| Exclusion | $259,965 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10274 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22151 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 292774 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 399919 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24423 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35672 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38415 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 170686 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42740 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83346 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55909 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37135 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37584 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60693 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57203 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93216 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96920 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111123 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21875 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2861 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| SUPPORT SERVICES | 590296 |
| EDUCATION & TRAINING | 27969 |
| HUMAN RESOURCES | 27456 |
| RECEPTIONIST | 24900 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2365607 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48048 | BOY |
| EOY | 5054269 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136320 | BOY |
| EOY | 45241 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5000548 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46924 | BOY |
| EOY | 77890 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 182488 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 136022 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32759 | BOY |
| EOY | 46466 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8480 | BOY |
| EOY | 8480 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15899204 | BOY |
| EOY | 14827716 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102492 | BOY |
| EOY | 1393 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21274775 | BOY |
| EOY | 20061455 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 892086 | BOY |
| EOY | 842986 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80895 | BOY |
| EOY | 73665 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26742 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 999723 | BOY |
| EOY | 916651 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20275052 | BOY |
| EOY | 19144804 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20275052 | BOY |
| EOY | 19144804 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21274775 | BOY |
| EOY | 20061455 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -872632 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -257616 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | 1 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 1 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 0 | AgreeToCarryoverPriorYear |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV, SUPPLEMENTAL INFORMATION: | Identifier |
| Explanation | PURSUANT TO REV. PROC. 98-19, EXEMPT FROM 6033(E) DISCLOSURE AS ALL MEMBERS UNDER IRC SECTION 501(A), NOT SECTION 501(C)(4)/(5)/(6). | Explanation |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 47166 | OtherCostOrOtherBasis |
| Depreciation | 46689 | Depreciation |
| Book Value | 477 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 135322 | OtherCostOrOtherBasis |
| Depreciation | 89333 | Depreciation |
| Book Value | 45989 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 46466 | TotalOfBookValueLandBuildings |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 10459156 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENT IN CREDIT UNION HOUSE LLC | 34794 | F |
| SECURITIES AVAILABLE FOR SALE | 4331765 | F |
| INVESTMENT IN IOWA BUSINESS GROWTH | 2001 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 14827716 | TotalOfBookValueSecurities |
| Total Revenue | 1492975 | TotalRevenue |
| Total Expenses | 2365607 | TotalExpenses |
| Excess Or Deficit For Year | -872632 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 257097 | NetUnrealizedGLOnInvestments |
| Other | -$514,713 | OtherAmount |
| Total Adjustments | -257616 | TotalAdjustments |
| Excess Or Deficit Per FS | -1130248 | ExcessOrDeficitPerFS |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE COMPANY FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. THE COMPANY HAS EVALUATED THE MATERIAL TAX POSITIONS AND DETERMINED NO INCOME TAX EFFECTS WITH RESPECT TO THE FINANCIAL STATEMENTS. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | EQUITY EARNINGS OF AFFILIATES MANAGEMENT COMPANY -817,593. INCREASE IN VALUE FROM NONCONTROLLING INTEREST CONTRIBUTION 302,880. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | PANAMA REGION | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | CREDIT UNION AWARENESS - PROGRAM SERVICES | TypeOfActivitiesConducted |
| Specific Services Provided | SEE SCHEDULE O. | SpecificServicesProvided |
| Total Expenditures | 22151 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 22151 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 22151 | TotalAmountSpent |
| No Recipient Over5 K | X | NoRecipientOver5K |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IOWA CREDIT UNION FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 NW 118TH STREET | AddressLine1 |
| City | DES MOINES | City |
| State | IA | State |
| ZIP Code | 50325 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 421438113 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 10144 | AmountOfCashGrant |
| Purpose Of Grant | FINANCIAL EDUCATIONFINANCIAL EDUCATION | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | OTHER INFORMATION: | Identifier |
| Return Reference | PART IV: | ReturnReference |
| Explanation | GRANTS ARE PROVIDED TO IOWA CREDIT UNION FOUNDATION TO PROVIDE FINANCIAL EDUCATION THROUGH COMMUNITY OUTREACH INITIATIVES, COMMUNITY DEVELOPMENT ACTIVITIES, AND YOUTH ORGANIZATIONS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PATRICK JURY | |||||||||||||
| 0 | 288911 | 0 | 52185 | 0 | 6505 | 0 | 41113 | 0 | 26399 | 0 | 415113 | 0 | 0 |
| MURRAY WILLIAMS | |||||||||||||
| 0 | 131446 | 0 | 100 | 0 | 3128 | 0 | 20808 | 0 | 2999 | 0 | 158481 | 0 | 0 |
| MIKE POWERS | |||||||||||||
| 0 | 182334 | 0 | 22014 | 0 | 6634 | 0 | 21660 | 0 | 16234 | 0 | 248876 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | PATRICK JURY, MURRAY WILLIAMS, AND MIKE POWERS RECEIVE COMPENSATION FROM THE MEMBERS GROUP (TMG), A COMMON PAYMASTER. TMG PROVIDES ALL COMPENSATION AND HUMAN RESOURCE FUNCTIONS FOR ICUL, INCLUDING EXECUTIVE MANAGEMENT. SEE CORE FORM PART VI SECTION B LINE 15 FOR FURTHER INFORMATION REGARDING THE PROCESS UTILIZED. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (15 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | JOE HEARN, TIM CHAPMAN, MIKE POWERS, AND PATRICK JURY ARE OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF POLICYWORKS, A 100% OWNED AFFILIATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. PATRICK JURY IS AN OFFICER, DIRECTOR, OR KEY EMPLOYEE OF COMMUNITY BUSINESS LENDERS, A 53.33% OWNED AFFILIATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. JOE HEARN, TIM CHAPMAN, PATRICK JURY, AND MIKE POWERS ARE OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF AFFILIATES MANAGEMENT COMPANY, A 100% OWNED AFFILIATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. PATRICK JURY IS AN OFFICER, DIRECTOR, OR KEY EMPLOYEE OF IOWA CORPORATE CENTRAL CREDIT UNION, AN ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. PATRICK JURY, PAT DRENNEN,AND TIM MARCSISAK ARE OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF TMG FINANCIAL SERVICES, A 85.121% OWNED AFFILIATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. JANINE KEIM, PAT DRENNEN, AND TIM MARCSISAK ARE OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF CUPAC, AN ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. | |
| FORM 990, PART VI, SECTION A, LINE 3 | THE MEMBERS GROUP, A WHOLLY-OWNED SUBSIDIARY, IS THE PAYMASTER FOR THE ORGANIZATION. | |
| FORM 990, PART VI, SECTION A, LINE 3 | AFFILIATES MANAGMENT COMPANY, A WHOLLY-OWNED SUBSIDIARY, PROVIDES ACCOUNTING, HUMAN RESOURCES, RISK MANAGEMENT, AND FACILITIES MANAGEMENT FOR THE ORGANIZATION. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THIS ORGANIZATION HAS MEMBERS. THESE MEMBERS MAY BE DIVIDED INTO TWO CLASSES: REGULAR MEMBERS AND ASSOCIATE MEMBERS. REGULAR MEMBERS INCLUDE ALL MEMBERS THAT ARE CREDIT UNIONS INCORPORATED IN THE STATE OF IOWA, WHETHER STATE OR FEDERALLY CHARTERED. ASSOCIATE MEMBERS INCLUDE ALL MEMBERS THAT ARE CREDIT UNIONS LOCATED OUTSIDE THE STATE OF IOWA, WHETHER STATE OR FEDERALLY CHARTERED, AND ANY OTHER MEMBERS THAT THE BOARD OF DIRECTORS AUTHORIZES FOR MEMBERSHIP. REGULAR MEMBERS SHALL HAVE VOTING RIGHTS; ASSOCIATE MEMBERS SHALL NOT HAVE VOTING RIGHTS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | AT LEAST FIVE MONTHS PRIOR TO THE LEAGUE'S ANNUAL MEETING, THE LEAGUE WILL SEND TO ALL MEMBERS THE FOLLOWING: 1)A REPORT OF EACH MEMBER'S RESPECTIVE ASSET CATEGORY, BASED ON THE MOST RELEVANT CALL REPORT DATA; AND 2) A NOMINATION FORM INDICATING THE OPEN BOARD POSITION(S) TO BE FILLED WITHIN EACH RESPECTIVE ASSET CATEGORY AT THE UP-COMING ELECTION. THE BOARD OF DIRECTORS OF ANY MEMBER CREDIT UNION MAY NOMINATE ONE OF THE MEMBERS OF THE CREDIT UNION AS A CANDIDATE IN WHICH THERE WILL BE A VACANCY AT THE ENSUING ANNUAL MEETING AND (2) THE CREDIT UNION DOES NOT ALREADY HAVE A MEMBER ON THE BOARD, UNLESS THE CURRENT DIRECTOR'S TERM IS EXPIRING OR IS NOT SEEKING RE-ELECTION. WITHIN THIRTY DAYS FOLLOWING THE LEAGUE'S DISTRIBUTION OF A NOMINATION FOR THE MEMBERS, EACH MEMBER SHALL SUBMIT ITS NOMINATIONS. WITHIN THIRTY DAYS FOLLOWING THE DEADLINE FOR THE SUBMISSION OF NOMINATION FORMS TO THE LEAGUE, THE LEAGUE SHALL SEND TO ALL MEMBERS THE LIST OF CANDIDATES WITHIN THEIR RESPECTIVE ASSET CATEGORY FOR OPEN BOARD POSITION TO BE FILLED. EACH MEMBER CREDIT UNION SHALL BE ENTITLED TO CAST A VOTE FOR EACH DIRECTOR TO BE ELECTED IN ITS RESPECTIVE ASSET CATEGORY. A NOMINEE MUST RECEIVE A MAJORITY OF THE VOTES CAST IN ORDER TO BE DECLARED ELECTED. WITHIN THIRTY DAYS FOLLOWING THE DEADLINE FOR THE LEAGUE TO SEND THE LIST OF CANDIDATES TO EACH MEMBER, EACH MEMBER WILL SEND ITS VOTE TO THE LEAGUE FOR TABULATION. | |
| FORM 990, PART VI, SECTION A, LINE 7B | AT ALL MEETINGS EACH MEMBER CREDIT UNION SHALL BE ENTITLED TO CAST TWO (2) VOTES ON ALL QUESTIONS. SAID VOTES SHALL BE CAST BY ONE OF TWO DELEGATES OR ALTERNATIVES WHO MUST BE MEMBERS OF THE CREDIT UNION, AND WHO HAVE BEEN SELECTED BY THE CREDIT UNION'S BOARD OF DIRECTORS, WHICH SELECTIONS SHALL BE CERTIFIED TO THE CREDENTIALS COMMITTEE PRIOR TO EACH MEETING. ONLY DELEGATES OR ALTERNATIVES SO CERTIFIED SHALL HAVE THE PRIVILEGE OF VOTING AT ANY MEETING. THERE SHALL NOT BE VOTING BY PROXY. AT ALL REGULAR OR SPECIAL MEETINGS TEN PERCENT (10%) OR MORE OF THE MEMBER CREDIT UNIONS SHALL CONSTITUTE A QUORUM. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE TAX RETURN IS REVIWED BY THE CEO AND CFO. AN ELECTRONIC COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. | |
| IOWA CREDIT UNION LEAGUE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY ANNUALLY REVIEWING THE POLICY WITH BOARD MEMBERS AND HAVING THEM SIGN THE FORM EACH YEAR. ADHERANCE TO THE POLICY IS MONITORED BY FELLOW BOARD MEMBERS AND EXECUTIVE MANAGEMENT THROUGHOUT THE YEAR. | FORM 990, PART VI, SECTION B, LINE 12C | |
| IOWA CREDIT UNION LEAGUE UTILITIZES AN INDEPENDENT THIRD PARTY TO COMPLETE AND COMPILE SALARY SURVEY DATA EVERY YEAR, GIVING THE COMPANY A MARKET VALUE FOR THE CEO POSITION. THE SURVEY WAS LAST COMPLETED IN JUNE 2009. A FORMAL COMPENSATION SYSTEM IS USED IN DETERMINING THE ACTUAL VALUE OF THE CEO POSITION BASED ON COMPENSATION FACTORS. THE BOARD OF DIRECTORS APPROVES THE RECOMMENDATIONS OF THE SALARY. AFFILIATES MANAGMENT COMPANY (AMC) IS A WHOLLY-OWNED SUBSIDIARY OF THE IOWA CREDIT UNION LEAGUE (ICUL). THE AMC BOARD OF DIRECTORS HAS FORMED A COMPENSATION COMMITTEE TO REVIEW MARKET DATA COMPILED BY AN INDEPENDENT THIRD PARTY AND OTHER RELEVANT INFORMATION TO DESIGN THE COMPENSATION PLAN FOR THE CEO. THE PLAN DESIGNED BY THE AMC COMPENSATION COMMITTEE IS SUBJECT TO REVIEW BY THE ICUL BOARD OF DIRECTORS. THE COMPENSATION OF THE OTHER KEY OFFICIALS OF THE ORGANIZATION IS ESTABLISHED BY THE CEO AFTER REVIEW OF THE MARKET DATA COMPILED BY AN INDEPENDENT THIRD PARTY AND OTHER RELEVANT FACTORS. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS, AND FORM 990 RETURNS ARE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| AVERAGE HOURS PER WEEK DEVOTED TO POSITION WITH RELATED ORGANIZATION: PATRICK JURY 32 HOURS MIKE POWERS 32 HOURS MURRAY WILLIAMS 8 HOURS | FORM 990, PART VII | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 257,097. EQUITY EARNINGS OF AFFILIATES MANAGEMENT COMPANY -817,593. INCREASE IN VALUE FROM NONCONTROLLING INTEREST CONTRIBUTION 302,880. TOTAL TO FORM 990, PART XI, LINE 5: -257,616. | FORM 990, PART XI, LINE 5: |
| THE ORGANIZATION HAS AN INDEPENDENT AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY OF OVERSIGHT OF THE INDEPENDENT AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTING FIRM. NO CHANGES HAVE BEEN MADE TO THE OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. | FORM 990, PAGE 12, PART XII, LINE 2C | |
| THE TWELVE MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS ARE UNPAID AND ARE CONSIDERED VOLUNTEERS. THERE ARE ALSO EIGHTEEN OTHER INDIVIDUALS WHO WORK ON COMMITTEES AS VOLUNTEERS. | FORM 990, PART I, LINE 6: EXPLANATION OF VOLUNTEERS | |
| THROUGH PARTNERSHIP, ICUL HAS HELPED TO OPEN THE DOORS FOR PANAMA'S NATIONAL CREDIT UNION SERVICE ORGANIZATION, CORPORACION FONDO DE ESTABILIZACION Y GARANTIA DE COOPERATIVAS DE AHORRO Y CREDITA DE PANAMA (COFEP), TO HAVE A VOICE WITHIN PANAMA'S GOVERNMENT, HELPING COFEP ACCOMPLISH ITS MISSION OF CRAFTING AND PASSING SPECIFIC REGULATIONS AND A LAW FOR THE CREDIT UNION INDUSTRY. ICUL ACHIEVED THIS BY CREATING AWARENESS WITHIN COFEP THAT THE BEST WAY TO ADVANCE THE INDUSTRY IS TO HAVE CONNECTIONS WITHIN THE GOVERNMENT THROUGH A WELL-THOUGHT OUT LOBBYING STRATEGY. ICUL HAS ALSO STARTED TO BUILD AWARENESS WITHIN COFEP OF THE NEED TO DIVERSIFY ITS REVENUE STREAMS AND RELY LESS ON DUES BY CREATING NEW PRODUCTS AND SERVICES THAT ARE IN DEMAND AND THAT WILL SATISFY MEMBER CREDIT UNION NEEDS. ICUL HAS PARTICIPATED IN FIVE INTERNATIONAL CONFERENCES ATTENDED BY 576 CREDIT UNION PARTICIPANTS. ICUL REPRESENTATIVES HAVE SERVED AS MC'S AND EXPERT PANELISTS AT THESE EVENTS. ICUL AND COFEP ARE CURRENTLY ADOPTING A NEW PROJECT, THE DEVELOPMENT OF A CENTRAL FINANCE FACILITY OR "CAJA CENTRAL." THE DEVELOPMENT OF THE CAJA CENTRAL WOULD ALLOW PANAMA CREDIT UNIONS TO INVEST THEIR LIQUIDITY IN A CREDIT UNION RATHER THAN A BANK. THE EFFORT OPENED THE DOOR FOR 1ST GATEWAY CREDIT UNION IN CAMANCHE, IOWA TO CREATE A RELATIONSHIP WITH THE US EMBASSY CREDIT UNION IN PAMANA CITY, PANAMA. THE INTENTION IS TO EXPLORE OPPORTUNITIES FOR COLLABORATION. | SCHEDULE F, PART 1, LINE 3, COLUMN E: TYPE OF SERVICE |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CU STRUCTURED FINANCE LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 NW 118TH ST | AddressLine1 |
| City | DES MOINES | City |
| State | IA | State |
| ZIP Code | 50325 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273552312 | EIN |
| Primary Activities | BUSINESS SERVICES | PrimaryActivities |
| Legal Domicile State | IA | LegalDomicileState |
| Total Income | 46720 | TotalIncome |
| EOY Assets | 46720 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TMG FINANCIAL SERVICES | BusinessNameLine1 |
Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | General Or Managing PartnerGeneralOrManagingPartner |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COMMUNITY BUSINESS LENDERS | ||||||||||||
| 1500 NW 118TH STREET | DES MOINES | IA | 50325 | 342033742 | LOAN SERVICES AND SUPPORT | IA | AFFILIATES MANAGMENT COMPANY | UNRELATED | 120650 | 1006496 | 0 | 0 |
| COOPERA CONSULTING | ||||||||||||
| 1500 NW 118TH STREET | DES MOINES | IA | 50325 | 900340857 | CONSULTING SERVICES | IA | AFFILIATES MANAGMENT COMPANY | UNRELATED | -16466 | 69866 | 0 | 0 |
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AFFILIATES MANAGEMENT COMPANY | ||||||||||||
| 1500 NW 118TH ST | DES MOINES | IA | 50325 | 263263563 | HOLDING COMPANY | IA | N/A | C | 3003338 | 17449148 | 1.00000 | |
| TMG FINANCIAL SERVICES | ||||||||||||
| 1500 NW 118TH ST | DES MOINES | IA | 50325 | 743203348 | CREDIT CARD SERVICES | IA | C | 12030937 | 108637310 | 0.85120 | AFFILIATES MANAGEMENT COMPANY | |
| THE MEMBERS GROUP | ||||||||||||
| 1500 NW 118TH ST | DES MOINES | IA | 50325 | 421290173 | BUSINESS SERVICES | IA | C | 19766354 | 20197013 | 1.00000 | AFFILIATES MANAGEMENT COMPANY | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (8 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| TMG FS (SUBSIDIARY OF AMC) | ||
| A | 116439 | GAAP |
| AFFILIATES MANAGEMENT COMPANY (AMC) | ||
| A | 1623 | GAAP |
| AFFILIATES MANAGEMENT COMPANY - POLICYWORKS | ||
| L | 539895 | GAAP |
| AFFILIATES MANAGEMENT COMPANY (AMC) | ||
| L | 107052 | GAAP |
| TMG FS (SUBSIDIARY OF AMC) | ||
| L | 13268 | GAAP |
| AFFILIATES MANAGEMENT COMPANY (AMC) | ||
| J | 93216 | GAAP |
| COOPERA CONSULTING (SUBSIDIARY OF AMC) | ||
| L | 51384 | GAAP |
| THE MEMBERS GROUP | ||
| N | 810085 | GAAP |