Nonprofit · EIN 34-0764365
444 PAINESVILLE CREDIT UNION
Tax-exempt · PAINESVILLE, OH 44077
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,775,766 | $1,997,587 | $778,179 | $45,148,644 | $38,321,188 | $6,827,456 |
| December 31, 2023 | 990 | $2,437,042 | $1,822,310 | $614,732 | $43,929,411 | $37,880,134 | $6,049,277 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,247,424
- Investment income
- $528,342
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $183,613
- Compensation of officers, directors and key employees
- $264,491
- Other salaries and wages
- $367,905
- Salaries, compensation and benefits (total)
- $763,426
- Professional fundraising fees
- $0
- Occupancy
- $115,632
- Travel
- $9,098
Balance sheet and other
- Total assets, start of year
- $43,929,411
- Total assets, end of year
- $45,148,644
- Total liabilities, end of year
- $38,321,188
- Net assets, end of year
- $6,827,456
- Land, buildings and equipment
- $1,470,695
- Gross receipts
- $2,775,766
- Employees
- 12
- Volunteers
- 10
- Year formed
- 1941
- State of legal domicile
- OH
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 |
|---|---|---|---|
| LORI GUZZI | CEO Officer | 50 | $137,319 |
| LYNNE KLINE | COO Officer | 40 | $127,172 |
| KENNETH TAKACS | BOARD PRESIDENT Trustee or director, Officer | 5 | $0 |
| DAVID SHOOK | BOARD MEMBER Trustee or director | 1 | $0 |
| REX BUCHS | BOARD VICE CHAIR Trustee or director | 1 | $0 |
| TIM MURPHY | BOARD MEMBER Trustee or director | 1 | $0 |
| ALI PALECEK | BOARD MEMBER Trustee or director | 1 | $0 |
| TOBY BURGETT | BOARD TREASURER Trustee or director, Officer | 1 | $0 |
| DEBBIE DOMINISH | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORI GUZZI | CEO Officer | 50 | $130,176 |
| LYNNE KLINE | COO Officer | 40 | $121,703 |
| KENNETH TAKACS | BOARD CHAIR Trustee or director, Officer | 3 | $0 |
| DAVID SHOOK | BOARD MEMBER Trustee or director | 1 | $0 |
| DEBBIE DOMINISH | BOARD MEMBER Trustee or director | 2 | $0 |
| REX BUCHS | BOARD VICE CHAIR Trustee or director | 1 | $0 |
| TIM MURPHY | BOARD MEMBER Trustee or director | 1 | $0 |
| ALI PALECEK | BOARD MEMBER Trustee or director | 1 | $0 |
| TOBY BURGETT | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 280 N SAINT CLAIR ST, PAINESVILLE, OH 44077-4060
- Principal officer (990 for 2024)
- LORI GUZZI, 280 N CLAIR STREET, PAINESVILLE, OH 44077
- Signed the 990
- LORI GUZZI, CEO
- Phone
- (440) 352-8974
- Website
- WWW.PAINESVILLECU.ORG
- Return prepared by
- GBQ PARTNERS LLC
Mission
TO PROMOTE THRIFT IN ITS MEMBERS BY PROVIDING LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO QUALIFIED MEMBERS.
Program accomplishments
- OUR PRIMARY SERVICE IS LENDING, AND THE REVENUE THAT WE RECEIVE IS IN THE FORM OF INTEREST AND FEES ON LOANS. THE FUNDS THAT WE LOAN OUT ARE THOSE THAT HAVE BEEN DEPOSITED BY OUR MEMBERS, SO THE EXPENSES--THE COST OF THOSE FUNDS--ARE THE DIVIDENDS THAT WE PAY ON THESE DEPOSITS PLUS ANY INTEREST THAT WE PAY ON FUNDS THAT WE NEED TO BORROW.
- WE ALSO OFFER SHARE DRAFT-CHECKING ACCOUNT WITH ATM CARDS. WE RECEIVE REVENUE FROM THE MEMBERS BY PROVIDING THESE SERVICES AND INCUR COSTS AS WELL.
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
- 34-0764365
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1990: OHIO CHARTERED CREDIT UNIONS
- Assets (IRS master file)
- $45,148,644
- Income (IRS master file)
- $2,775,766
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,775,766 | $1,997,587 | $45,148,644 | XML |
| 990 | December 2023 | $2,437,042 | $1,822,310 | $43,929,411 | XML |
| 990 | December 2022 | $1,819,388 | $1,521,353 | $46,622,160 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 34-0764365).
Questions about 444 PAINESVILLE CREDIT UNION
- What is the EIN of 444 PAINESVILLE CREDIT UNION?
- The employer identification number (EIN) of 444 PAINESVILLE CREDIT UNION is 34-0764365.
- Is 444 PAINESVILLE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to 444 PAINESVILLE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 444 PAINESVILLE 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 444 PAINESVILLE 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 444 PAINESVILLE 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 444 PAINESVILLE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names LORI GUZZI.
- Who are the officers and directors of 444 PAINESVILLE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $137,319 (LORI GUZZI, CEO).
- How much revenue does 444 PAINESVILLE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,775,766, expenses of $1,997,587 and total assets of $45,148,644 at year end.
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