Nonprofit · EIN 59-1286880
ITHINK FINANCIAL CREDIT UNION
Tax-exempt · DELRAY BEACH, FL 33445
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $133,877,746 | $114,596,734 | $19,281,012 | $2,214,503,227 | $2,030,288,999 | $184,214,228 |
| December 31, 2023 | 990 | $109,353,591 | $96,223,992 | $13,129,599 | $2,185,778,208 | $2,025,506,425 | $160,271,783 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $114,217,362
- Investment income
- $13,335,777
- Other revenue
- $6,324,607
Expenses
- Grants and similar amounts paid
- $79,922
- Compensation of officers, directors and key employees
- $2,656,682
- Other salaries and wages
- $26,068,620
- Salaries, compensation and benefits (total)
- $37,193,263
- Professional fundraising fees
- $0
- Legal fees
- $79,695
- Accounting fees
- $945,640
- Occupancy
- $2,888,393
- Travel
- $944,768
- Depreciation
- $1,799,952
Balance sheet and other
- Total assets, start of year
- $2,185,778,208
- Total assets, end of year
- $2,214,503,227
- Total liabilities, end of year
- $2,030,288,999
- Net assets, end of year
- $184,214,228
- Land, buildings and equipment
- $21,533,680
- Publicly traded securities
- $148,110,894
- Gross unrelated business income
- $135,414
- Gross receipts
- $133,877,746
- Employees
- 455
- Volunteers
- 13
- Year formed
- 1969
- 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 |
|---|---|---|---|---|
| MICHAEL MILLER | CEO Officer | 40 | $932,791 | $83,298 |
| JEFFREY KOLHAGEN | CFO Officer | 40 | $363,317 | $85,969 |
| MARK SKINNER | CLO Officer | 40 | $348,870 | $72,216 |
| NICOLE HEFFELFINGER | CRO Officer | 40 | $321,633 | $50,975 |
| BENJAMIN MAFFETT | SBA & COMMERCIAL SALES MANAGER Highest-paid employee | 40 | $328,831 | $30,642 |
| EDISON CERVANTES | CTO Officer | 40 | $309,717 | $38,389 |
| BENJAMIN STURGELL | GENERAL COUNSEL Highest-paid employee | 40 | $263,222 | $42,232 |
| ANTHONY FURINO | AVP COMMERCIAL LENDING Highest-paid employee | 40 | $188,416 | $35,177 |
| BRADLEY STEWART | AVP RISK MANAGEMENT Highest-paid employee | 40 | $171,497 | $39,745 |
| STEPHEN JOHNSON | AVP ADMINISTRATION & MARKETING Highest-paid employee | 40 | $168,869 | $39,850 |
| MARIE I MASCARO | BOARD DIRECTOR Trustee or director | 1 | $7,049 | $0 |
| RANDEE ABRAMSON | AUDIT COMMITTEE Trustee or director | 1 | $6,969 | $0 |
| JUANA T KRAUSE | BOARD DIRECTOR Trustee or director | 1 | $6,752 | $0 |
| FRANK MAYS | AUDIT COMMITTEE Trustee or director | 1 | $5,024 | $0 |
| HILARY HUNTER | AUDIT COMMITTEE Trustee or director | 1 | $4,793 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD L LEE | BOARD DIRECTOR Trustee or director | 1 | $4,784 |
| MICHAEL W TOWNSEND | BOARD CHAIRPERSON Trustee or director | 1 | $3,289 |
| SHAWN M LIMERICK | AUDIT COMMITTEE Trustee or director | 1 | $3,250 |
| BRAD J DEBAUCHE | BOARD VICE CHAIRPERSON Trustee or director | 1 | $2,234 |
| JOHNNY BENNETT | BOARD TREASURER Trustee or director | 1 | $1,581 |
| STEPHANIE M FORSTER | BOARD SECRETARY Trustee or director | 1 | $1,552 |
| PETER L BLACKLOCK | BOARD DIRECTOR Trustee or director | 1 | $1,162 |
| THOMAS E BRAWLEY | BOARD DIRECTOR Trustee or director | 1 | $1,068 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MILLER | PRESIDENT/CEO Officer | 40 | $1,065,017 | $144,109 |
| JEFFREY KOLHAGEN | CFO Officer | 40 | $359,734 | $85,025 |
| MARK SKINNER | CLO Officer | 40 | $352,812 | $68,380 |
| NICOLE HEFFELFINGER | CRO Officer | 40 | $318,797 | $48,406 |
| EDISON CERVANTES | CTO Officer | 40 | $309,559 | $31,461 |
| Benjamin Maffett | SBA and Commercial Sales Manager Highest-paid employee | 40 | $255,478 | $29,131 |
| ANTHONY FURINO | AVP OF COMMERCIAL LENDING Highest-paid employee | 40 | $187,644 | $35,927 |
| BRADLEY STEWART | AVP OF RISK MANAGEMENT Highest-paid employee | 40 | $179,830 | $37,608 |
| STEPHEN JOHNSON | AVP ADMINISTRATION & MARKETING Highest-paid employee | 40 | $172,090 | $36,999 |
| DIANA CRULL | DIRECTOR OF FINANCE Highest-paid employee | 40 | $168,328 | $22,021 |
| JUANA KRAUSE | VICE CHAIRPERSON Trustee or director | 1 | $10,408 | $0 |
| JOHNNY BENNETT | DIRECTOR Trustee or director | 1 | $8,076 | $0 |
| MICHAEL W TOWNSEND | CHAIRPERSON Trustee or director | 1 | $6,837 | $0 |
| DONALD L LEE | DIRECTOR Trustee or director | 1 | $6,062 | $0 |
| PETER BLACKLOCK | DIRECTOR Trustee or director | 1 | $6,021 | $0 |
| MARIE MASCARO | DIRECTOR Trustee or director | 1 | $5,801 | $0 |
| BRAD J DEBAUCHE | DIRECTOR Trustee or director | 1 | $1,054 | $0 |
| STEPHANIE M FORSTER | SECRETARY Trustee or director | 1 | $904 | $0 |
| THOMAS E BRAWLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 NW 17TH AVE, DELRAY BEACH, FL 33445-2555
- In care of
- % ITHINK FINANCIAL CREDIT UNIO
- Principal officer (990 for 2024)
- MICHAEL MILLER, 1000 NW 17 AVE, DELRAY BEACH, FL 334452555
- Signed the 990
- MICHAEL MILLER, CEO
- Phone
- (561) 982-4700
- Website
- WWW.ITHINKFI.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
TO DELIVER SERVICE EXCELLENCE TO THE MEMBERSHIP AND THE COMMUNITIES WE SERVE WHILE ENSURING THE SAFETY AND SOUNDNESS OF THE CREDIT UNION.
Program accomplishments
- THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, LOANS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS.
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
- 59-1286880
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $2,214,503,227
- Income (IRS master file)
- $133,877,746
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $133,877,746 | $114,596,734 | $2,214,503,227 | IRS |
| 990 | December 2023 | $109,353,591 | $96,223,992 | $2,185,778,208 | XML |
| 990 | December 2022 | $86,426,438 | $67,193,462 | $2,178,700,861 | 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 59-1286880).
Questions about ITHINK FINANCIAL CREDIT UNION
- What is the EIN of ITHINK FINANCIAL CREDIT UNION?
- The employer identification number (EIN) of ITHINK FINANCIAL CREDIT UNION is 59-1286880.
- Is ITHINK FINANCIAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2016.
- Are donations to ITHINK FINANCIAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ITHINK 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 ITHINK 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 ITHINK 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 ITHINK FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names MICHAEL MILLER.
- Who are the officers and directors of ITHINK FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 23 people; 23 received compensation from the organization, the highest $932,791 (MICHAEL MILLER, CEO).
- How much revenue does ITHINK FINANCIAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $133,877,746, expenses of $114,596,734 and total assets of $2,214,503,227 at year end.
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