Nonprofit · EIN 62-6041473
BEACON FINANCIAL CREDIT UNION
Tax-exempt · JOHNSON CITY, TN 37604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,189,159 | $2,188,076 | $1,083 | $28,265,732 | $26,124,252 | $2,141,480 |
| December 31, 2024 | 990 | $3,380,669 | $2,810,314 | $570,355 | $28,183,455 | $24,949,155 | $3,234,300 |
| December 31, 2023 | 990 | $2,287,424 | $2,225,767 | $61,657 | $31,596,376 | $28,932,431 | $2,663,945 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,109,714
- Investment income
- $79,445
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $298,082
- Other salaries and wages
- $441,765
- Salaries, compensation and benefits (total)
- $902,817
- Professional fundraising fees
- $0
- Occupancy
- $119,230
- Travel
- $2,150
- Depreciation
- $107,820
Balance sheet and other
- Total assets, start of year
- $28,183,455
- Total assets, end of year
- $28,265,732
- Total liabilities, end of year
- $26,124,252
- Net assets, end of year
- $2,141,480
- Land, buildings and equipment
- $1,574,742
- Gross receipts
- $2,189,159
- Employees
- 0
- Year formed
- 1951
- 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 |
|---|---|---|---|
| DEBBIE DOVER | Board Member Trustee or director | 0 | $0 |
| SHANA TATE | Board Chairperson Trustee or director | 0 | $0 |
| DOUG JANZ | Secretary Trustee or director | 0 | $0 |
| SHANE HILTON | Board Vice Chairperson Trustee or director | 0 | $0 |
| CHRIS BRACKETT | Director Trustee or director | 0 | $0 |
| SHARON SHEPPARD | Director Trustee or director | 0 | $0 |
| TOM TULL | Director Trustee or director | 0 | $0 |
| ROBERT BENDER | Treasurer Trustee or director | 0 | $0 |
| JOHN-MICHAEL NELMS | CEO Key employee | 0 | $0 |
| DANIELLE BROOKS | COO Key employee | 0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBBIE DOVER | Board Member Trustee or director | 1 | $0 |
| SHANA TATE | Board Chairperson Trustee or director | 1 | $0 |
| DOUG JANZ | Secretary Trustee or director | 1 | $0 |
| SHANE HILTON | Board Vice Chairperson Trustee or director | 1 | $0 |
| CHRIS BRACKETT | Director Trustee or director | 1 | $0 |
| SHARON SHEPPARD | Director Trustee or director | 1 | $0 |
| TOM TULL | Director Trustee or director | 1 | $0 |
| ROBERT BENDER | Treasurer Trustee or director | 1 | $0 |
| ALISON JOHNSON | Board Member Trustee or director | 1 | $0 |
| JOHN-MICHAEL NELMS | CFO Key employee | 40 | $0 |
| DANIELLE BROOKS | COO Key employee | 40 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBBIE DOVER | Board Member Trustee or director | 1 | $0 |
| SHANA TATE | Board Chairperson Trustee or director | – | $0 |
| DOUG JANZ | Secretary Trustee or director | – | $0 |
| SHANE HILTON | Board Vice Chairperson Trustee or director | 1 | $0 |
| CHRIS BRACKETT | Director Trustee or director | – | $0 |
| SHARON SHEPPARD | Director Trustee or director | – | $0 |
| TOM TULL | Director Trustee or director | – | $0 |
| JOHN-MICHAEL NELMS | CFO Key employee | – | $0 |
| ROBERT BENDER | Treasurer Trustee or director | 1 | $0 |
| DANIELLE BROOKS | COO Officer | – | $0 |
| ALISON JOHNSON | Board Member Trustee or director | 1 | $0 |
| DANIELLE BROOKS | COO Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1102 W MARKET ST STE 20, JOHNSON CITY, TN 37604-5376
- In care of
- % JOHN-MICHAEL NELMS
- Principal officer (990 for 2025)
- JohnMichael Nelms, 1102 West Market Street Ste Suite 2, Johnson City, TN 37604
- Signed the 990
- JOHN-MICHAEL NELMS, Chief Executive Officer
- Phone
- (423) 975-0025
- Website
- www.beaconfcu.org
Mission
Credit Union - Providing a variety of financial services to members incluing loans and savings
Program accomplishments
- Dividends to member share accountsExpenses $531,579
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
- 62-6041473
- 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)
- $28,265,732
- Income (IRS master file)
- $2,189,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,189,159 | $2,188,076 | $28,265,732 | IRS |
| 990 | December 2024 | $3,380,669 | $2,810,314 | $28,183,455 | IRS |
| 990 | December 2023 | $2,287,424 | $2,225,767 | $31,596,376 | XML |
| 990 | December 2022 | $2,370,404 | $2,051,759 | $30,130,534 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 62-6041473).
Questions about BEACON FINANCIAL CREDIT UNION
- What is the EIN of BEACON FINANCIAL CREDIT UNION?
- The employer identification number (EIN) of BEACON FINANCIAL CREDIT UNION is 62-6041473.
- Is BEACON FINANCIAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
- Are donations to BEACON FINANCIAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BEACON 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 BEACON FINANCIAL 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 BEACON FINANCIAL CREDIT UNION 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 BEACON FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2025 names JohnMichael Nelms.
- Who are the officers and directors of BEACON FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does BEACON FINANCIAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,189,159, expenses of $2,188,076 and total assets of $28,265,732 at year end.
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