Nonprofit · EIN 59-0678236
ADDITION FINANCIAL CREDIT UNION
Tax-exempt · LAKE MARY, FL 32746
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $172,550,204 | $155,260,898 | $17,289,306 | $2,735,864,519 | $2,509,406,304 | $226,458,215 |
| December 31, 2023 | 990 | $170,511,185 | $164,238,136 | $6,273,049 | $2,912,144,631 | $2,708,084,595 | $204,060,036 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $144,910,984
- Investment income
- $27,639,220
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $423,002
- Compensation of officers, directors and key employees
- $3,724,550
- Other salaries and wages
- $33,042,402
- Salaries, compensation and benefits (total)
- $45,702,932
- Professional fundraising fees
- $0
- Legal fees
- $2,359,160
- Accounting fees
- $600,768
- Occupancy
- $4,713,372
- Depreciation
- $3,707,586
Balance sheet and other
- Total assets, start of year
- $2,912,144,631
- Total assets, end of year
- $2,735,864,519
- Total liabilities, end of year
- $2,509,406,304
- Net assets, end of year
- $226,458,215
- Land, buildings and equipment
- $60,956,885
- Publicly traded securities
- $462,087,611
- Gross unrelated business income
- $203,784
- Gross receipts
- $172,550,204
- Employees
- 734
- Volunteers
- 12
- Year formed
- 1937
- State of legal domicile
- FL
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 |
|---|---|---|---|---|
| KEVIN MILLER | PRESIDENT/CEO Officer | 40 | $999,561 | $51,284 |
| KEVIN DOUGHERTY | CHIEF OPERATING OFFICER Officer | 40 | $497,196 | $28,504 |
| SAM NELSON | CHIEF ADMINISTRATIVE OFFICER Key employee | 40 | $424,242 | $51,114 |
| KEVIN WRIGHT | CHIEF INFORMATION OFFICER Key employee | 40 | $426,331 | $40,896 |
| QING LU | CHIEF FINANCIAL OFFICER Officer | 40 | $421,247 | $42,728 |
| MIRIAM MITCHELL | CHIEF LENDING OFFICER Key employee | 40 | $343,895 | $51,114 |
| NORA RODRIGUEZ PATTERSON | CHIEF COMMUNICATIONS OFFICER Key employee | 40 | $300,614 | $26,784 |
| JOSEPH MACLAREN | ASSISTANT GENERAL COUNSEL Highest-paid employee | 40 | $227,238 | $46,029 |
| SHIRLEY SHOEMAKER | SVP BRANCH OPERATIONS Highest-paid employee | 40 | $229,721 | $22,854 |
| JASON HANSEN | VP MARKETING Highest-paid employee | 40 | $187,374 | $35,084 |
| MATTHEW WALSH | VP INFORMATION TECHNOLOGY Highest-paid employee | 40 | $186,651 | $35,511 |
| ALEX DEJESUS | SVP MEMBER EXPERIENCE Highest-paid employee | 40 | $200,266 | $10,065 |
| GABRIELA ORTIGONI | BOARD MEMBER Trustee or director | 10 | $7,758 | $0 |
| JANET BUSH | BOARD MEMBER Trustee or director | 10 | $5,585 | $0 |
| RICHARD COLLINS | BOARD CHAIRPERSON Trustee or director | 10 | $4,074 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY MARTEN | BOARD MEMBER Trustee or director | 10 | $831 |
| JUDITH PADRES | BOARD MEMBER Trustee or director | 10 | $792 |
| DALE KELLY | BOARD VICE CHAIRPERSON Trustee or director | 10 | $0 |
| RONALD PERSON | BOARD SECRETARY Trustee or director | 10 | $0 |
| NAVAL MODANI | BOARD TREASURER Trustee or director | 10 | $0 |
| CARY DORTONA | BOARD MEMBER Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN MILLER | PRESIDENT & CEO Officer | 50 | $907,166 | $49,060 |
| KEVIN J DOUGHERTY | COO Officer | 50 | $535,130 | $27,262 |
| SAMUEL M NELSON | CAOGENERAL COUNSEL Officer | 50 | $448,749 | $38,316 |
| KEVIN S WRIGHT | CIO Officer | 50 | $448,496 | $32,355 |
| QING LU | CFO Officer | 50 | $426,543 | $24,714 |
| MIRIAM MITCHELL | CHIEF LENDING OFFICER Officer | 50 | $360,606 | $36,426 |
| NORA RODRIGUEZ-PATTERSON | CCO Officer | 50 | $253,090 | $25,135 |
| SHIRLEY A SHOEMAKER | SVP OPERATIONS Highest-paid employee | 50 | $242,197 | $20,910 |
| JOSEPH A MACLAREN | GENERAL COUNSEL Highest-paid employee | 50 | $221,242 | $31,406 |
| ROBERT J KINDERMANN | SVP HUMAN RES Highest-paid employee | 50 | $222,544 | $9,415 |
| MATTHEW J WALSH | VP IT Highest-paid employee | 50 | $178,428 | $28,295 |
| ALEX DEJESUS | SR VP MEMBER SERVICES Highest-paid employee | 50 | $180,086 | $9,179 |
| RONALD PERSON | DIRECTOR Trustee or director | 10 | $0 | $0 |
| DALE C KELLY | 1ST VICE CHAIR Trustee or director | 10 | $0 | $0 |
| GABY ORTIGONI | DIRECTOR Trustee or director | 10 | $0 | $0 |
| NAVAL MODANI | TREASURER Trustee or director | 10 | $0 | $0 |
| JANET E BUSH | 2ND VICE CHAIR Trustee or director | 10 | $0 | $0 |
| RICHARD L COLLINS | CHAIR Trustee or director | 10 | $0 | $0 |
| MARY LYNN WILLIAMS | SECRETARY Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 PRIMERA BLVD, LAKE MARY, FL 32746-2194
- Principal officer (990 for 2024)
- KEVIN MILLER, 1000 PRIMERA BLVD, LAKE MARY, FL 32746
- Signed the 990
- QING LU, CFO
- Phone
- (407) 708-1695
- Website
- WWW.ADDITIONFI.COM
- Return prepared by
- DOEREN MAYHEW
Mission
ADDITION FINANCIAL CREDIT UNION IS COMMITTED TO HELPING MEMBERS ACHIEVE THEIR MONEY MANAGEMENT GOALS.
Program accomplishments
- PROVIDE 187,897 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA, HEALTH SAVINGS AND MONEY MARKET ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $2,426,067,000 AS OF DECEMBER 31, 2024.
- PROVIDE 87,349 LOANS INCLUDING MORTGAGES, BUSINESS, HOME EQUITY, CREDIT CARDS, SHARE SECURED, VEHICLE, AND LINE OF CREDIT LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $1,850,385,000 AS OF DECEMBER 31, 2024.
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
- 59-0678236
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $2,735,864,519
- Income (IRS master file)
- $172,550,204
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $172,550,204 | $155,260,898 | $2,735,864,519 | XML |
| 990 | December 2023 | $170,511,185 | $164,238,136 | $2,912,144,631 | XML |
| 990 | December 2022 | $126,516,804 | $103,558,609 | $2,764,171,874 | IRS |
| 990 | December 2021 | – | – | – | 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 59-0678236).
Questions about ADDITION FINANCIAL CREDIT UNION
- What is the EIN of ADDITION FINANCIAL CREDIT UNION?
- The employer identification number (EIN) of ADDITION FINANCIAL CREDIT UNION is 59-0678236.
- Is ADDITION FINANCIAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2022.
- Are donations to ADDITION FINANCIAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ADDITION FINANCIAL 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 ADDITION FINANCIAL 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 ADDITION FINANCIAL 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 ADDITION FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names KEVIN MILLER.
- Who are the officers and directors of ADDITION FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 21 people; 17 received compensation from the organization, the highest $999,561 (KEVIN MILLER, PRESIDENT/CEO).
- How much revenue does ADDITION FINANCIAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $172,550,204, expenses of $155,260,898 and total assets of $2,735,864,519 at year end.
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All nonprofits in LAKE MARY · Florida · Public and societal benefit