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Nonprofit · EIN 48-6111926

WHEAT STATE CREDIT UNION

Tax-exempt · WICHITA, KS 67218

Financials

$2.3M$2.2M2023$2.3M$2.5M2024
Revenue Expenses · by fiscal year end
Financials of WHEAT STATE CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,307,987$2,546,946-$238,959$22,387,404$20,256,160$2,131,244
December 31, 2023990$2,274,023$2,183,290$90,733$23,529,648$21,159,445$2,370,203
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,225,816
Investment income
$74,338
Royalties
$7,833
Other revenue
$7,833

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$154,200
Other salaries and wages
$369,806
Salaries, compensation and benefits (total)
$653,763
Professional fundraising fees
$0
Legal fees
$13,697
Accounting fees
$26,600
Occupancy
$105,366
Travel
$115
Depreciation
$31,335

Balance sheet and other

Total assets, start of year
$23,529,648
Total assets, end of year
$22,387,404
Total liabilities, end of year
$20,256,160
Net assets, end of year
$2,131,244
Land, buildings and equipment
$376,574
Gross unrelated business income
$38,071
Gross receipts
$2,307,987
Employees
13
Volunteers
7
Year formed
1963
State of legal domicile
KS

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.

NameTitleHours / weekCompensationOther / benefits
DOUG CHEATUMPRESIDENT/CEO
Officer
40$130,961$23,239
LELAND BITTLECHAIRPERSON
Trustee or director
1$0$0
LARRY GRAYVICE CHAIRPERSON
Trustee or director
1$0$0
LINDA BURNSIDESECRETARY/TREASURER
Trustee or director
1$0$0
JO LAFLEURBOARD MEMBER
Trustee or director
1$0$0
FORREST EHMKEBOARD MEMBER
Trustee or director
1$0$0
JAMES HAYESBOARD MEMBER
Trustee or director
0$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
DOUG CHEATUMPRESIDENT/CEO
Officer
40$91,504$22,346
LELAND BITTLECHAIRPERSON
Trustee or director
1$0$0
LARRY GRAYVICE CHAIRPERSON
Trustee or director
1$0$0
LINDA BURNSIDESECRETARY/TREASURER
Trustee or director
1$0$0
SUSAN SCHMELZERBOARD MEMBER
Trustee or director
1$0$0
JO LAFLEURBOARD MEMBER
Trustee or director
1$0$0
FORREST EHMKEBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1400 S OLIVER AVE, WICHITA, KS 67218-3226
Principal officer (990 for 2024)
DOUG CHEATUM, 1400 SOUTH OLIVER, WICHITA, KS 672183226
Signed the 990
DOUG CHEATUM, PRESIDENT/CEO
Phone
(316) 687-4101
Return prepared by
J TENBRINK & ASSOCIATES

Mission

COOPERATIVE FINANCIAL INSTITUTION (CREDIT UNION)

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 3,445 MEMBERS.
  • PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2024, THERE WERE 2,225 LOANS OUTSTANDING TOTALING $20,047,850.
  • PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $373,786 FOR THE YEAR.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Check at the IRS
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
48-6111926
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1978
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$21,805,071
Income (IRS master file)
$2,262,062

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,307,987$2,546,946$22,387,404XML
990December 2023$2,274,023$2,183,290$23,529,648XML
990December 2022$1,999,955$1,852,150$24,510,704IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 48-6111926).

Questions about WHEAT STATE CREDIT UNION

What is the EIN of WHEAT STATE CREDIT UNION?
The employer identification number (EIN) of WHEAT STATE CREDIT UNION is 48-6111926.
Is WHEAT STATE CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1978.
Are donations to WHEAT STATE CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WHEAT STATE 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 WHEAT STATE 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 WHEAT STATE 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 WHEAT STATE CREDIT UNION?
The 990 for the year ended December 31, 2024 names DOUG CHEATUM.
Who are the officers and directors of WHEAT STATE CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $130,961 (DOUG CHEATUM, PRESIDENT/CEO).
How much revenue does WHEAT STATE CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,307,987, expenses of $2,546,946 and total assets of $22,387,404 at year end.

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