2024-11-14T09:26:08-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 592252733 SOUTHEASTERN CREDIT UNION FOUNDATION SOUT 8662310545 3692 COOLIDGE COURT TALLAHASSEE FL 32311 STEVE J SCHWARTZ CFO 8662310545 2024-11-12 1 0 ROBERT WILLIAMS P01345960 5712279500 2024-11-12 2023 2024-10-15 13:58:12Z STEVE J SCHWARTZ 3692 COOLIDGE COURT TALLAHASSEE FL 32311 2289501 0 X WWW.LSCU.COOP/FOUNDATION X 1982 FL ADVANCE SCIENCE, EDUCATION, AND OTHER CONSUMER CREDIT CHARITABLE PURPOSES 10 9 0 30 0 0 1942819 692036 0 0 -374128 171050 622 -278984 1569313 584102 970155 812366 0 0 0 0 0 0 0 480704 427129 1450859 1239495 118454 -655393 4926905 4491985 97165 130699 4829740 4361286 X OPERATE FOR THE ADVANCEMENT OF CHARITY & EDUCATION, AND FOR OTHER CHARITABLE PURPOSES, ESPECIALLY AS THEY RELATE TO CONSUMER CREDIT. 0 0 772423 812366 0 COMMUNITY SPARKS PROGRAM - SPARKING COLLABORATION AMONG CREDIT UNIONS IN EACH FLORIDA, ALABAMA, AND GEORGIA TO ADDRESS AN OVERLYING DEVELOPMENT ISSUE WITHIN THE COMMUNITIES THEY SERVE. ALABAMA AND GEORGIA HAVE CHOSEN TO PROVIDE HISTORICALLY BLACK COLLEGE & UNIVERSITY SCHOLARSHIPS TO PROVIDE FINANCIAL ASSISTANCE TO THE UNDERSERVED/FIRST-GENERATION COLLEGE STUDENTS ATTENDING HBCU'S WITHIN EACH OF THEIR STATES. FLORIDA IS WORKING ON A JOB UPSCALING PROJECT WITH GENERATIONS USA TO TRAIN JOB CANDIDATES WHO ARE DISPLACED OR OTHERWISE DISENGAGED IN THE CURRENT WORKFORCE AND PLACE THEM IN FLORIDA CREDIT UNIONS. 113920 0 0 FINANCIAL COUNSELING CERTIFICATION PROGRAM (FICEP) FOR CREDIT UNION STAFF, DESIGNED FOR THOSE WHO WORK WITH MEMBERS THROUGH MEMBER SERVICE, LENDING, COLLECTIONS, AND ANY OTHERS DEDICATED TO ASSISTING MEMBERS WITH FINANCIAL CAPABILITY GOALS. INCLUDES TWO PARTS OF FOUR LEARNING MODULES EACH AND TWO EXAMS TO OBTAIN THE CERTIFIED CREDIT UNION FINANCIAL COUNSELOR DESIGNATION. 66298 0 0 UPDATING AND OPERATING PROGRAMS FOR DISASTER RELIEF FOR CREDIT UNIONS AND/OR CREDIT UNION EMPLOYEES AND VOLUNTEERS WHO HAVE BEEN AFFECTED BY A NATURAL DISASTER. 216901 0 0 SMALL ASSET SIZED CREDIT UNION GRANTS 216901 0 0 1169542 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X STEVEN J SCHWARTZ 8505581110 3692 COOLIDGE COURT TALLAHASSEE FL 32311 PATRICK LAPINE CEO 1.00 40.00 X X 0 690447 495683 HANK HALTER CHAIR 1.00 1.00 X X 0 0 0 OLA ANISE VICE CHAIR (FROM 7/23) 1.00 1.00 X X 0 0 0 RICHARD SKAGGS CHAIR-ELECT 1.00 1.00 X X 0 0 0 BOB CLAMPETT SECRETARY (UNTIL 6/23) 1.00 1.00 X X 0 0 0 STEVE MOSELEY SECRETARY (FROM 7/23) 1.00 1.00 X X 0 0 0 TINA WILLIAMS TREASURER (UNTIL 6/23) 1.00 1.00 X X 0 0 0 BRIAN AKIN TREASURER (FROM 7/23) 1.00 1.00 X X 0 0 0 HENRY ARMSTRONG PAST CHAIR 1.00 1.00 X X 0 0 0 BRENT LISTER TRUSTEE 1.00 1.00 X 0 0 0 DEBBIE SMITH TRUSTEE 1.00 1.00 X 0 0 0 STEVE SWOFFORD TRUSTEE 1.00 1.00 X 0 0 0 SAMANTHA BEELER PRESIDENT LEAGUE 1.00 40.00 X 0 272798 36363 DR WEN HEMINGWAY CFO 1.00 40.00 X 0 278490 98169 0 1241735 630215 0 0 1 0 0 162970 83458 445608 692036 85208 85208 1492758 1406916 85842 85842 85842 0 162970 53148 -53148 -53148 19499 245335 -225836 -225836 584102 -225836 0 117902 784517 784517 27849 27849 4870 4870 35124 35124 74287 74287 22611 22611 2680 2680 13697 13697 45965 45965 54317 54317 10714 10714 1116 1116 SALARY ALLOCATION 141793 141793 MISC EXPENSE 19535 3273 16262 LICENSE FEES 420 420 1239495 1169542 69953 0 1462642 1349573 31101 41294 16208 521 5582 5117 1581 465 2804312 3100362 585454 25377 4926905 4491985 42746 68561 54419 62138 97165 130699 X 2567825 2540307 2261915 1820979 4829740 4361286 4926905 4491985 -655393 186939 0 X 0 1 X 1 0 X 337940 550005 1106698 1942819 692036 4629498 337940 550005 1106698 1942819 692036 4629498 175172 4454326 71826 31060 1990 7634 85208 197718 106660 112157 218817 5046033 19499 0.88270 0.88340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2021 AMOUNT: $ 2,430. 2022 AMOUNT: $ 3,121. FUNDRAISING REVENUE - 2021 AMOUNT: $ 104,230. 2022 AMOUNT: $ 109,036. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2261915 268487 1051760 1478642 1853411 1460264 1051760 2261915 1172132 712604 31325 1853411 1374492 377840 175480 1172132 1614244 30952 270704 1374492 0.40534 0.00000 0.59466 0 0 5582 5117 465 465 DUE TO RELATED PARTIES 62138 62138 X PART V, LINE 4: INTENDED USE OF THE TEMPORARILY RESTRICTED FUNDS ARE FOR DISASTER RELIEF EFFORTS. THE INTENDED USE OF THE PERMANENTLY RESTRICTED FUNDS ARE TO SUBSIDIZE THE FOUNDATION'S MISSION OF PROVIDING SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM TAXES UNDER CODE SECTION 501(C)(3) OF THE IRC, EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON THE DIFFERENCE BETWEEN THE FINANCIAL STATEMENT AND TAX BASES OF ASSETS AND LIABILITIES, USING ENACTED TAX RATES IN EFFECT FOR THE YEAR IN WHICH THE DIFFERENCES ARE EXPECTED TO REVERSE. CURRENT INCOME TAXES ARE BASED ON THE YEAR'S TAXABLE INCOME FOR FEDERAL AND STATE INCOME TAX REPORTING PURPOSES. GOLF 44776 44776 27927 POOLSIDE PARADISE 27950 27950 12556 12 90244 90244 12665 162970 162970 53148 53148 -53148 1 LEAGUE OF SOUTHEASTERN CREDIT UNIONS 3692 COLLIDGE COURT TALLAHASSEE FL 32311 943458406 501(C)(6) 592927 0 N.A N/A COMMUNITY SPARKS AND ALL IN FUND 0 1 EDUCATIONAL ASSISTANCE 3 27849 N/A N/A PART I, LINE 2: PROFESSIONAL DEVELOPMENT GRANT REQUESTS ARE REVIEWED BY THE PROFESSIONAL DEVELOPMENT GRANT COMMITTEE FOR DECISIONS AND APPROVED GRANTS REQUIRE RECEIPTS OF EXPENSE FOR REIMBURSEMENT. DISASTER RELIEF GRANTS TOTALING MORE THAN $2,500 REQUIRE PICTURES, INSURANCE ESTIMATES AND/OR WORK ORDERS. ALL GRANT REQUESTS ARE REVIEWED BY THE DISASTER RELIEF COMMITTEE FOR DECISION. 0 1 0 0 0 0 0 0 0 PATRICK LAPINE CEO 0 673691 0 0 0 16756 0 470822 0 24861 0 1186130 0 0 DR WEN HEMINGWAY CFO 0 220926 0 55000 0 2564 0 97177 0 992 0 376659 0 0 SAMANTHA BEELER PRESIDENT LEAGUE 0 212530 0 48750 0 11518 0 26128 0 10235 0 309161 0 0 PART I, LINE 4B PATRICK LAPINE HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $437,822 IN 2023. SAMANTHA BEELER HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $71,181 IN 2023. FORM 990, PART VI, SECTION A, LINE 1A STANDING AND SPECIAL COMMITTEES, APPOINTED BY THE CHAPTER PRESIDENT OR REQUESTED BY THE LEAGUE, MAY BE CREATED FROM TIME TO TIME TO FACILITATE THE OPERATION AND PROPER FUNCTION OF THE CHAPTER. THESE COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AS PRESCRIBED BY THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 3 LSCU SERVICE CORPORATION, INC. PROVIDES ALL MANAGEMENT DUTIES. THEIR SERVICES INCLUDE PAYROLL, HUMAN RESOURCES, ACCOUNTING, FACILITIES, AND INFORMATION TECHNOLOGY FOR THE LEAGUE AND AFFILIATES. ALL OFFICERS, TRUSTEE AND KEY EMPLOYEES ARE PAID BY LSCU SERVICE CORPORATION INC. AND THEIR COMPENSATION IS REPORTED ON PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION INCLUDE EACH MEMBER OF THE EXECUTIVE COMMITTEE OF LEAGUE OF SOUTHEASTERN CREDIT UNION, AS LONG AS HE/SHE HOLDS OFFICE AS A MEMBER OF THAT BOARD. FORM 990, PART VI, SECTION A, LINE 7A CONFIRMATION OF THE BOARD OF TRUSTEES SHALL BE BY THE MEMBERS OF THE LEAGUE OF SOUTHEASTERN CREDIT UNIONS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS SHALL REVIEW AND APPROVE THE ANNUAL BUDGET. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED WITH THE BOARD TREASURER, CFO, AND LEAGUE PRESIDENT PRIOR TO FILING AND THEN SHARED WITH THE ENTIRE BOARD AT THE NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C NO DIRECTOR, COMMITTEE MEMBER, OFFICER, AGENT OR EMPLOYEE OF THE CORPORATION IN ANY MANNER, DIRECTLY OR INDIRECTLY PARTICIPATE IN THE DELIBERATION UPON THE DETERMINATION OF ANY QUESTION AFFECTING HIS PECUNIARY INTEREST OR THE PECUNIARY INTEREST OF ANY CORPORATION, PARTNERSHIP, OR ASSOCIATION IN WHICH HE IS DIRECTLY OR INDIRECTLY INTERESTED. IN THE EVENT OF THE DISQUALIFICATION OF ANY DIRECTOR RESPECTING ANY MANNER PRESENTED TO THE BOARD OF DIRECTORS FOR DELIBERATION OR DETERMINATION, SUCH DIRECTOR SHALL WITHDRAW FROM SUCH DELIBERATION OR DETERMINATION; AND IN SUCH EVENT THE REMAINING QUALIFIED DIRECTORS PRESENT AT THE MEETING, IF CONSTITUTING A QUORUM WITH THE DISQUALIFIED DIRECTORS, MAY EXERCISE WITH RESPECT TO THIS MATTER, BY MAJORITY VOTE, ALL THE POWERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 LSCU SERVICE CORPORATION, A RELATED ORGANIZATION, PAYS ALL SALARY AND BENEFITS. AN OUTSIDE CONSULTANT IS HIRED BY THE BOARD TO PRODUCE A COMPREHENSIVE COMPENSATION REVIEW AND MAKES RECOMMENDATIONS TO THE COMPENSATION COMMITTEE. ONCE REVIEWED BY THE COMPENSATION COMMITTEE, ANY RECOMMENDED CHANGES TO THE CEO COMPENSATION ARE BROUGHT TO THE BOARD FOR APPROVAL. ALL OTHER OFFICERS' COMPENSATION IS REVIEWED BY LABOR IQ TO COMPARE SALARIES OF LIKE JOBS IN THE ASSOCIATION INDUSTRY AT OUR REVENUE SIZE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. LEAGUE OF SOUTHEASTERN CREDIT UNIONS 3692 COOLIDGE COURT TALLAHASSEE FL 32311 943458406 MEMBERSHIP ASSOCIATION FL 501(C)(6) 0 ALABAMA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 591681138 POLITICAL COMMITTEE AL 527 LEAGUE OF SOUTHEASTERN CREDIT UNIONS 0 FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 591889104 POLITICAL COMMITTEE FL 527 LEAGUE OF SOUTHEASTERN CREDIT UNIONS 0 GEORGIA CREDIT UNION POLITICAL ACTION COMMITTEE 3692 COOLIDGE COURT TALLAHASSEE FL 32311 581434794 POLITICAL COMMITTEE GA 527 LEAGUE OF SOUTHEASTERN CREDIT UNIONS 0 AFFILIATES CONSOLIDATED SERVICES LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 834690782 HOLDING CO FL N/A N/A 0 0 CREDIT UNION VENDOR MANAGEMENT 3692 COOLIDGE CT TALLAHASSEE FL 32311 263465697 FNCL SVCS FL N/A C 0 COMMON BOND TITLE OF FL 3692 COOLIDGE CT TALLAHASSEE FL 32311 862798465 TITLE SVCS FL N/A C 0 LEVERAGE BUSINESS LENDING LLC PO BOX 3108 TALLAHASSEE FL 32315 474390648 FNCL SVCS FL N/A C 0 CU AUDIT AND COMPLIANCE GROUP PO BOX 3108 TALLAHASSEE FL 32315 202711127 FNCL SVCS FL N/A C 0 CSI ASSETS LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 834697389 FNCL SVCS FL N/A C 0 MEMBERS ATM ALLIANCE LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 474162054 FNCL SVCS FL N/A C 0 LEVERAGE PAYMENT SOLUTIONS 3692 COOLIDGE CT TALLAHASSEE FL 32311 581900087 FNCL SVCS FL N/A C 0 GROWTH BY DESIGN INC 3692 COOLIDGE CT TALLAHASSEE FL 32311 581047790 FNCL SVCS FL N/A C 0 COMMON BOND TITLE LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 454292185 FNCL SVCS FL N/A C 0 SHARED COOPERATIVE SERVICES LLC 3692 COOLIDGE CT TALLAHASSEE FL 32311 834718990 FNCL SVCS FL N/A C 0 GETTINGAHEAD ASSOCIATION INC 3692 COOLIDGE CT TALLAHASSEE FL 32311 200038434 FNCL EDUCATION GA N/A C 0 LSCU SERVICE CORPORATION INC PO BOX 3108 TALLAHASSEE FL 32315 591086132 FNCL SVCS FL N/A C 0 GEORGIA CREDIT UNION AFFILIATES 3692 COOLIDGE CT TALLAHASSEE FL 32311 581556060 FNCL SVCS FL N/A C 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0