Nonprofit · EIN 62-6041453
KINGSPORT PRESS CU
Tax-exempt · KINGSPORT, TN 37660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,562,539 | $3,927,628 | $1,634,911 | $92,729,400 | $77,985,862 | $14,743,538 |
| December 31, 2024 | 990 | $5,167,292 | $3,880,573 | $1,286,719 | $86,710,686 | $73,754,086 | $12,956,600 |
| December 31, 2023 | 990 | $4,440,263 | $3,112,477 | $1,327,786 | $80,324,321 | $68,774,476 | $11,549,845 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,045
- Membership dues
- $2,045
- Program service revenue
- $4,315,523
- Investment income
- $1,047,472
- Other revenue
- $197,499
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $115,703
- Other salaries and wages
- $809,651
- Salaries, compensation and benefits (total)
- $1,139,998
- Professional fundraising fees
- $0
- Accounting fees
- $13,997
- Occupancy
- $84,342
- Travel
- $8,763
- Depreciation
- $104,759
Balance sheet and other
- Total assets, start of year
- $86,710,686
- Total assets, end of year
- $92,729,400
- Total liabilities, end of year
- $77,985,862
- Net assets, end of year
- $14,743,538
- Land, buildings and equipment
- $2,263,894
- Gross receipts
- $5,562,539
- Employees
- 21
- Volunteers
- 7
- Year formed
- 1932
- State of legal domicile
- TN
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 |
|---|---|---|---|
| Walter Salyers | President/CEO Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $115,703 |
| Christine Grant | Chairperson Trustee or director | 2 | $0 |
| Larry Gullion | Director Trustee or director | 1 | $0 |
| Hollis Anderson | Director Trustee or director | 1 | $0 |
| Mark Taylor | Vice-Chairman Trustee or director | 1 | $0 |
| Bryce Castle | Director Trustee or director | 4 | $0 |
| Billy White | Director Trustee or director | 1 | $0 |
| Andrea Hooper | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Walter Salyers | President/CEO Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $99,233 |
| Christine Grant | Chairperson Trustee or director | 2 | $0 |
| Larry Gullion | Director Trustee or director | 1 | $0 |
| Hollis Anderson | Director Trustee or director | 1 | $0 |
| Mark Taylor | Vice-Chairman Trustee or director | 1 | $0 |
| Bryce Castle | Director Trustee or director | 2 | $0 |
| Jack Parsons | Director Trustee or director | 1 | $0 |
| Billy White | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Walter Salyers | President/CEO Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $94,229 |
| Christine Grant | Chairperson Trustee or director | 2 | $0 |
| Larry Gullion | Director Trustee or director | 1 | $0 |
| Hollis Anderson | Director Trustee or director | 1 | $0 |
| Mark Taylor | Vice-Chairman Trustee or director | 1 | $0 |
| Bryce Castle | Director Trustee or director | 2 | $0 |
| Jack Parsons | Director Trustee or director | 1 | $0 |
| Billy White | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 528 W CENTER ST, KINGSPORT, TN 37660-3660
- In care of
- % DEBORAH SALYER
- Principal officer (990 for 2025)
- Walter Salyers, 528 West Center Street, Kingsport, TN 37660
- Signed the 990
- Jeff Morris, V/P Finance
- Phone
- (423) 378-9292
- Website
- www.kpcu.org
Mission
See Form 990, Page 1, Part 1, Line 1
Program accomplishments
- See Form 990, page 1, Part 1, Line 1
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
- 62-6041453
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1182: CREDIT UNIONS CHARTERED IN THE STATE OF TENNESSEE
- Assets (IRS master file)
- $92,729,400
- Income (IRS master file)
- $5,562,539
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,562,539 | $3,927,628 | $92,729,400 | IRS |
| 990 | December 2024 | $5,167,292 | $3,880,573 | $86,710,686 | IRS |
| 990 | December 2023 | $4,440,263 | $3,112,477 | $80,324,321 | XML |
| 990 | December 2022 | $3,565,234 | $2,741,572 | $81,978,043 | 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 62-6041453).
Questions about KINGSPORT PRESS CU
- What is the EIN of KINGSPORT PRESS CU?
- The employer identification number (EIN) of KINGSPORT PRESS CU is 62-6041453.
- Is KINGSPORT PRESS CU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
- Are donations to KINGSPORT PRESS CU tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KINGSPORT PRESS CU 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 KINGSPORT PRESS CU 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 KINGSPORT PRESS CU 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 KINGSPORT PRESS CU?
- The 990 for the year ended December 31, 2025 names Walter Salyers.
- Who are the officers and directors of KINGSPORT PRESS CU?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $115,703 (Walter Salyers, President/CEO).
- How much revenue does KINGSPORT PRESS CU have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,562,539, expenses of $3,927,628 and total assets of $92,729,400 at year end.
Other nonprofits in KINGSPORT
- EASTMAN CREDIT UNION EIN 62-6039479 · last filed 990 for 2025
- SECOND HARVEST FOOD BANK OF NORTHEAST TENNESSEE INC EIN 62-1303822 · last filed 990 for 2025
- UPPER EAST TENNESSEE HUMAN DEVELOPMENT AGENCY EIN 62-0902005 · last filed 990 for 2025
- GOODWILL INDUSTRIES OF TENNEVA AREA INC EIN 23-7217515 · last filed 990 for 2024
- GREATER KINGSPORT FAMILY YOUNG MENS EIN 58-1564232 · last filed 990 for 2025
- HOLSTON HABITAT FOR HUMANITY INC EIN 62-1288397 · last filed 990 for 2025
- KINGSPORT CHAMBER FOUNDATION EIN 58-1453565 · last filed 990 for 2025
- JULIA C WEST FOUNDATION EIN 99-3511118 · last filed 990-PF for 2025