Nonprofit · EIN 04-6061145
RIVER WORKS CREDIT UNION
Tax-exempt · LYNN, MA 01905
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,231,359 | $9,591,619 | $639,740 | $184,606,689 | $167,762,879 | $16,843,810 |
| December 31, 2024 | 990 | $8,278,993 | $7,849,972 | $429,021 | $151,358,711 | $134,854,665 | $16,504,046 |
| December 31, 2023 | 990 | $6,428,970 | $5,563,055 | $865,915 | $123,514,563 | $107,439,538 | $16,075,025 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,375,736
- Investment income
- $1,125,183
- Other revenue
- $730,440
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $870,985
- Other salaries and wages
- $1,101,647
- Salaries, compensation and benefits (total)
- $2,401,162
- Professional fundraising fees
- $0
- Accounting fees
- $86,327
- Occupancy
- $355,451
- Depreciation
- $143,323
Balance sheet and other
- Total assets, start of year
- $151,358,711
- Total assets, end of year
- $184,606,689
- Total liabilities, end of year
- $167,762,879
- Net assets, end of year
- $16,843,810
- Land, buildings and equipment
- $1,777,108
- Gross unrelated business income
- $8,925
- Gross receipts
- $10,231,359
- Employees
- 26
- Volunteers
- 8
- Year formed
- 1936
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES DONAHUE | CEO/TREASURE Trustee or director, Officer | 40 | $218,077 | $33,326 |
| COLLEEN TWINEM | AVP OPERATIO Trustee or director | 40 | $155,481 | $8,865 |
| PETER KOPOULOS | CFO Officer | 40 | $141,231 | $8,049 |
| PAUL T CROWLEY | VICE CHAIRPE Trustee or director, Officer | 25 | $7,249 | $0 |
| KEVIN J CHILES | CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| GEORGE HONOR | DIRECTOR Trustee or director | 10 | $0 | $0 |
| PAUL BARRON | SECRETARY/DI Trustee or director, Officer | 10 | $0 | $0 |
| KEVIN MONAHAN | DIRECTOR Trustee or director | 10 | $0 | $0 |
| KEITH KENYON | DIRECTOR Trustee or director | 10 | $0 | $0 |
| NILSON GARCIA | DIRECTOR Trustee or director | 10 | $0 | $0 |
| TIM LONG | DIRECTOR Trustee or director | 10 | $0 | $0 |
| JOHN MAGAZZU | DIRECTOR Trustee or director | 10 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES DONAHUE | CEO/TREASURE Trustee or director, Officer | 40 | $196,307 | $32,238 |
| DAVID JENSEN | LOAN ORIGINA Highest-paid employee | 40 | $206,415 | $11,305 |
| COLLEEN TWINEM | AVP OPERATIO Trustee or director | 40 | $152,181 | $8,325 |
| PETER KOPOULOS | CFO Officer | 40 | $138,062 | $7,516 |
| PAUL T CROWLEY | VICE CHAIRPE Trustee or director, Officer | 10 | $7,964 | $0 |
| KEVIN J CHILES | CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| GEORGE HONOR | DIRECTOR Trustee or director | 10 | $0 | $0 |
| PAUL BARRON | SECRETARY/DI Trustee or director, Officer | 10 | $0 | $0 |
| KEVIN MONAHAN | DIRECTOR Trustee or director | 10 | $0 | $0 |
| KEITH KENYON | DIRECTOR Trustee or director | 10 | $0 | $0 |
| NILSON GARCIA | DIRECTOR Trustee or director | 10 | $0 | $0 |
| TIM LONG | DIRECTOR Trustee or director | 10 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES DONAHUE | CEO/TREASURE Trustee or director, Officer | 40 | $211,058 | $32,975 |
| COLLEEN TWINEM | AVP OPERATIO Trustee or director | 40 | $143,387 | $8,260 |
| PETER KOPOULOS | CFO Officer | 40 | $128,895 | $7,433 |
| PAUL T CROWLEY | VICE CHAIRPE Trustee or director, Officer | 10 | $4,292 | $0 |
| KEVIN J CHILES | CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| GEORGE HONOR | DIRECTOR Trustee or director | 10 | $0 | $0 |
| PAUL BARRON | SECRETARY/DI Trustee or director, Officer | 10 | $0 | $0 |
| KEVIN MONAHAN | DIRECTOR Trustee or director | 10 | $0 | $0 |
| KEITH KENYON | DIRECTOR Trustee or director | 10 | $0 | $0 |
| NILSON GARCIA | DIRECTOR Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 947 WESTERN AVE, LYNN, MA 01905-2640
- Principal officer (990 for 2025)
- JAMES DONAHUE, 947 WESTERN AVE, LYNN, MA 01905
- Signed the 990
- JAMES DONAHUE, CEO/TREASURER
- Phone
- (781) 599-0096
- Website
- RWCU.COM
- Return prepared by
- MYSTIC ACCOUNTING GROUP LLP
Mission
THE PROMOTION OF THRIFT AMONG ITS MEMBERS BY THE ACCUMULATION OF THEIR SAVINGS AND THE LOANING OF SUCH SAVINGS BACK TO ITS MEMBERS AT A MODERATE RATE OF INTEREST.
Program accomplishments
- MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS, THE PAYMENT OF INTEREST THEREON. NUMBER OF DEPOSIT ACCOUNTS IS 10,463. NUMBER OF LOAN ACCOUNTS IS 992.
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 | 990 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
- 04-6061145
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61Z)
- Assets (IRS master file)
- $184,606,689
- Income (IRS master file)
- $10,231,359
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,231,359 | $9,591,619 | $184,606,689 | XML |
| 990 | December 2024 | $8,278,993 | $7,849,972 | $151,358,711 | XML |
| 990 | December 2023 | $6,428,970 | $5,563,055 | $123,514,563 | XML |
| 990 | December 2022 | $4,574,179 | $4,399,314 | $112,516,103 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 04-6061145).
Questions about RIVER WORKS CREDIT UNION
- What is the EIN of RIVER WORKS CREDIT UNION?
- The employer identification number (EIN) of RIVER WORKS CREDIT UNION is 04-6061145.
- Is RIVER WORKS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1945.
- Are donations to RIVER WORKS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RIVER WORKS 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 RIVER WORKS CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIVER WORKS CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RIVER WORKS CREDIT UNION?
- The 990 for the year ended December 31, 2025 names JAMES DONAHUE.
- Who are the officers and directors of RIVER WORKS CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 12 people; 4 received compensation from the organization, the highest $218,077 (JAMES DONAHUE, CEO/TREASURE).
- How much revenue does RIVER WORKS CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,231,359, expenses of $9,591,619 and total assets of $184,606,689 at year end.
Other nonprofits in LYNN
- GENERAL WALTER SIKORSKI POST 56 EIN 04-6189014 · last filed 990-N for 2025
- SANTAS HELPING HANDS INC EIN 04-2628475 · last filed 990-N for 2025
- ATHENA PROJECT LYNN LIMITED EIN 33-4272633 · last filed 990-N for 2025
- CONCERNED CITIZENS OF LYNN INC EIN 87-2809537 · last filed 990-N for 2025
- ELEMENT CARE INC EIN 04-3267751 · last filed 990 for 2025
- LYNN COMMUNITY HEALTH INC EIN 04-2525066 · last filed 990 for 2025
- GREATER LYNN SENIOR SERVICES INC EIN 04-2581129 · last filed 990 for 2025
- CENTERBOARD INC EIN 04-3019658 · last filed 990 for 2025
All nonprofits in LYNN · Massachusetts · Public and societal benefit