2024-11-13T15:42:53-06:00 2023-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2023-01-01 060606505 THE CREDIT UNION LEAGUE OF CONNECTICUT INC CRED 2032655657 24 WEST MAIN STREET 109 CLINTON CT 06413 KAREN VIETS CHAIRPERSON 2032655657 2024-11-12 1 1 VALENTINO CREUS CPA P01054153 8189549700 2023 2024-10-15 13:58:12Z BRUCE ADAMS 24 WEST MAIN STREET 109 CLINTON CT 06413 763219 0 X WWW.CULCT.COM X 1935 CT THE LEAGUE PROVIDES PROGRAMS AND SERVICES TO ITS MEMBER CREDIT UNIONS. 9 9 8 9 0 0 0 0 894426 987234 7027 24407 -350362 -254776 551091 756865 9491 1000 0 4697 951518 958103 0 0 0 -268490 -241815 692519 721985 -141428 34880 2153416 2746551 133173 584183 2020243 2162368 TO ACHIEVE EXCELLENCE IN THE CORE SERVICE AREAS OF GOVERNMENT RELATIONS, EDUCATION AND HUMAN RESOURCE DEVELOPMENT, CREDIT UNION SERVICE, COMPLIANCE, MEMBER/PUBLIC RELATIONS, AND COMMUNICATIONS. 0 0 THE LEAGUE PROVIDES VARIOUS PROGRAMS AND SERVICES TO APPROXIMATELY 75 CONNECTICUT CREDIT UNIONS WHO ARE MEMBERS OF THE LEAGUE. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 X 11 0 1 8 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 1 1 0 1 0 1 1 1 0 X LAURA HAPKE AT PLEXCITY 9094698656 2100 E ROUTE 66 SUITE 101 GLENDORA CA 91740 KAREN VIETS CHAIRPERSON 1.00 X X 0 0 0 JOHN HOLT VICE-CHAIR 1.00 X X 0 0 0 CARL CASPER TREASURER 1.00 X X 0 0 0 JO-ANN PALLADINO SECRETARY 1.00 X X 0 0 0 HOWARD BRADY DIRECTOR 1.00 X 0 0 0 JOSEPH CHILDRESS DIRECTOR 1.00 X 0 0 0 ANDREW KLIMKOSKI DIRECTOR 1.00 X 0 0 0 VANESSA KUDUK DIRECTOR 1.00 X 0 0 0 JAMES HIGGINS DIRECTOR 1.00 X 0 0 0 BRUCE ADAMS PRESIDENT/CEO 19.00 21.00 X 251783 0 14572 JUDY BRITT VP-COMPLIANCE 1.00 40.00 X 113401 0 4070 365184 0 18642 2 0 1 0 0 MEMBERSHIP DUES 900099 915232 915232 CONFERENCES/EDUCATION 561499 72002 72002 987234 24272 24272 6489 6354 135 135 135 APEX MEETING REVENUE 900099 50173 50173 MISCELLANEOUS INCOME 900099 3562 3562 OTHER REVENUE 900099 100 100 -308611 -308611 -254776 756865 732593 0 24272 1000 4697 365184 455042 22471 64396 51010 103576 687 15595 77591 10755 62901 22321 6703 51038 18613 6626 20671 EDUCATION PROGRAMS & EV 69927 SUBSCRIPTIONS & MEMBERS 26408 OTHER EXPENSES 14116 TRAINING 11782 -761125 721985 114458 352719 830549 1247481 1265128 1561313 108385 69321 253132 237264 26435 15868 -191539 -500151 2153416 2746551 130145 366989 3028 217194 133173 584183 X 2020243 2162368 2020243 2162368 2153416 2746551 34880 124272 -17027 0 X X 0 1 X 1 0 1 0 0 253132 237264 15868 15868 X PART X, LINE 2: THE LEAGUE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC), EXCEPT FOR INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AS DEFINED IN THE IRC. LSC IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION FOLLOWS THE FASB GUIDANCE 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 CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE LEAGUE AND ITS SUBSIDIARY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE LEAGUE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AS WELL AS ACCOUNTING IN INTERIM PERIODS. AS OF DECEMBER 31, 2023 AND 2022, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. 1 X X X X 0 0 0 BRUCE ADAMS PRESIDENT/CEO 240017 0 0 0 11766 0 9760 0 4812 0 266355 0 0 0 FORM 990, PART V, LINE 2A THE ORGANIZATION'S EMPLOYEES ARE PAID THROUGH COLLABORATIVE OFFICE SOLUTIONS, LLC (EIN 27-1415599), A PROFESSIONAL EMPLOYER ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERS ARE CREDIT UNIONS. FORM 990, PART VI, SECTION A, LINE 7A ONE MEMBER OF THE BOARD IS ELECTED FROM EACH OF THE SIX REGIONAL CHAPTERS BY THE CREDIT UNION MEMBERS OF THE PARTICULAR CHAPTER AND THREE MEMBERS ARE ELECTED BY ALL MEMBERS AT LARGE. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY AN OFFICER OF THE ORGANIZATION PRIOR TO FILING. THE ENTIRE BOARD OF DIRECTORS WILL BE PROVIDED A FINAL COPY OF THE RETURN AT THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REMINDED OF THE POLICY AND ITS REQUIREMENTS AT VARIOUS BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES SALARIES OF THE PRESIDENT/CEO. OTHER OFFICERS AND TOP MANAGEMENT PERSONNEL SALARIES ARE ESTABLISHED BY CEO THOUGH REVIEW OF OTHER LIKE ORGANIZATIONS SALARY STRUCTURES AND INCLUDED IN THE ANNUAL BUDGET PROCESS. THE BOARD OF DIRECTORS THEN APPROVES THE BUDGET. THE MOST RECENT REVIEW WAS IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT DURING THE YEAR. CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC 1064 E MAIN STREET 201 MERIDEN CT 06540 061029942 MAKING DONATIONS TO OTHER NONPROFIT ORGANIZATIONS CT 501(C)(3) LINE 10 0 LEAGUE SERVICES CORPORATION 1064 E MAIN STREET SUITE 201 MERIDEN CT 06450 060808594 SERVICE PROVIDER TO CREDIT UNIONS CT CREDIT UNION LEAGUE OF CT C 659743 1146581 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 LEAGUE SERVICES CORPORATION O COST ALLOCATION