Nonprofit · EIN 04-1163260
ALLCOM CREDIT UNION
Tax-exempt · WORCESTER, MA 01609
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,691,561 | $3,195,774 | $495,787 | $78,978,570 | $66,868,943 | $12,109,627 |
| December 31, 2023 | 990 | $3,270,336 | $2,685,476 | $584,860 | $78,702,922 | $67,246,401 | $11,456,521 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,127,799
- Investment income
- $1,118,628
- Net gain from sales of assets
- $1,700
- Other revenue
- $445,134
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $724,515
- Compensation of officers, directors and key employees
- $245,495
- Other salaries and wages
- $707,852
- Salaries, compensation and benefits (total)
- $1,216,468
- Professional fundraising fees
- $0
- Accounting fees
- $27,840
- Occupancy
- $147,219
- Depreciation
- $139,494
- Program services (functional)
- $1,911,999
- Management and general (functional)
- $1,283,775
Balance sheet and other
- Total assets, start of year
- $78,702,922
- Total assets, end of year
- $78,978,570
- Total liabilities, end of year
- $66,868,943
- Net assets, end of year
- $12,109,627
- Land, buildings and equipment
- $1,970,065
- Publicly traded securities
- $7,688,356
- Gross receipts
- $3,711,561
- Employees
- 22
- Volunteers
- 0
- Year formed
- 1922
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA YBARRA | PRES., CEO & DIRECTOR Officer | 40 | $210,307 | $41,838 |
| JOHN J NAUGHTON | CHAIRMAN OF THE BOARD Trustee or director, Officer | 2 | $2,000 | $0 |
| SCOTT MORRISON | TREASURER & DIRECTOR Trustee or director, Officer | 2 | $1,500 | $0 |
| JAMES A CIULLO | CLERK & DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| DENNIS F GRIMALDI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN M HUNTER | VICE CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN MAGUIRE JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN MARSHALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HUNG PHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER ROCHE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN MIRABILE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA YBARRA | PRES., CEO & DIRECTOR Officer | 40 | $202,455 | $41,268 |
| JOHN J NAUGHTON | CHAIRMAN OF THE BOARD Trustee or director | 2 | $2,000 | $0 |
| SCOTT MORRISON | TREASURER & DIRECTOR Trustee or director, Officer | 2 | $1,375 | $0 |
| JAMES A CIULLO | CLERK & DIRECTOR Trustee or director | 0 | $0 | $0 |
| DENNIS F GRIMALDI | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SEAN M HUNTER | VICE CHAIRMAN OF THE BOARD Trustee or director | 0 | $0 | $0 |
| KEVIN MAGUIRE JR | CHAIRMAN, CREDIT COMMITTEE Trustee or director | 0 | $0 | $0 |
| RYAN MARSHALL | CHAIRMAN, ALM COMMITTEE Trustee or director | 0 | $0 | $0 |
| HUNG PHAM | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JENNIFER ROCHE | CHAIRWOMEN, PERSONNEL COMM Trustee or director | 0 | $0 | $0 |
| KAREN MIRABILE | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 36 PARK AVE, WORCESTER, MA 01609-1720
- In care of
- % DENISE LESSARD
- Principal officer (990 for 2024)
- LAURA C YBARRA, 36 PARK AVENUE, WORCESTER, MA 01609
- Signed the 990
- LAURA C YBARRA, PRESIDENT, CEO & DIRECTOR
- Phone
- (508) 754-9980
- Website
- WWW.ALLCOMCU.ORG
- Return prepared by
- SPINELLI CPA PC
Mission
THE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS.
Program accomplishments
- DIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS.Expenses $724,515
- GRANTING OF CREDIT (CONSUMER AND MORTGAGE LOAN PRODUCTS) TO MEMBERS.Expenses $893,121
- OFFERING OF DEBIT AND CREDIT CARD SERVICES FOR MEMBER PURCHASES.Expenses $294,363
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-1163260
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1934
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61Z)
- Assets (IRS master file)
- $78,978,570
- Income (IRS master file)
- $3,711,561
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,691,561 | $3,195,774 | $78,978,570 | XML |
| 990 | December 2023 | $3,270,336 | $2,685,476 | $78,702,922 | XML |
| 990 | December 2022 | $2,581,253 | $2,267,125 | $79,689,682 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-1163260).
Questions about ALLCOM CREDIT UNION
- What is the EIN of ALLCOM CREDIT UNION?
- The employer identification number (EIN) of ALLCOM CREDIT UNION is 04-1163260.
- Is ALLCOM CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1934.
- Are donations to ALLCOM CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALLCOM CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ALLCOM CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALLCOM CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ALLCOM CREDIT UNION?
- The 990 for the year ended December 31, 2024 names LAURA C YBARRA.
- Who are the officers and directors of ALLCOM CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 11 people; 3 received compensation from the organization, the highest $210,307 (LAURA YBARRA, PRES., CEO & DIRECTOR).
- How much revenue does ALLCOM CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,691,561, expenses of $3,195,774 and total assets of $78,978,570 at year end.
Other nonprofits in WORCESTER
- PROJECT NEW HOPE INC EIN 27-4555998 · last filed 990 for 2024
- WORCESTER REGIONAL RESEARCH BUREAU INC EIN 04-2901298 · last filed 990 for 2024
- RAE TOWN MISSIONARY CHURCH OF JESUS CHRIST MOUNT ZION EIN 85-3466538 · last filed 990-EZ for 2025
- VETERANS SUPPORT SERVICES INC EIN 99-2462795 · last filed 990-N for 2025
- 2325 HELPING HANDS EIN 83-2711323 · last filed 990-N for 2025
- COMBAT VETERANS MOTORCYCLE ASSOCIATION MA2-1 INC EIN 45-3552103 · last filed 990-N for 2025
- PAMOJA CARE INC EIN 46-1853101 · last filed 990-N for 2024
- UMASS MEMORIAL HEALTH CARE INC EIN 91-2155626 · last filed 990 for 2025
All nonprofits in WORCESTER · Massachusetts · Public and societal benefit