2023-11-09T19:04:44-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-01-01 943458406 LEAGUE OF SOUTHEASTERN CREDIT UNIONS LEAG 8662310545 3692 COOLIDGE COURT TALLAHASSEE FL 32311 DR WEN HEMINGWAY CHIEF FINANCIAL OFFICER 8662310545 2023-11-09 1 DR WEN HEMINGWAY 999009999 0 SARAH REICHLING P01587996 6123764500 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR WEN HEMINGWAY 3692 COOLIDGE COURT TALLAHASSEE FL 32311 7373117 0 X WWW.LSCU.COOP X 2008 FL PROMOTE ADVANCEMENT AND SUCCESS OF CREDIT UNIONS THROUGH ADVOCACY, INFORMATION AND EDUCATION. 18 18 0 18 0 0 718043 9105 4857366 4995032 15095 40426 968601 1246674 6559105 6291237 852069 867726 0 0 0 0 0 0 0 4816921 5140534 5668990 6008260 890115 282977 39760758 45129409 2324356 3965307 37436402 41164102 TO CREATE AN ENVIRONMENT THAT ENABLES CREDIT UNIONS TO GROW AND SUCCEED. 0 0 CREDIT UNIONS AND OFFICIALS. DEVELOPING CREDIT UNION PROGRAMS AVAILABLE LEAGUE OF SOUTHEASTERN CREDIT UNIONS 94-3458406 RESEARCH, INFORMATION, AND TECHNICAL SERVICES. ECONOMIC NEWSLETTER TO CREDIT UNIONS. CRISIS TEAM ASSISTANCE AVAILABLE TO CREDIT UNIONS. COMMUNICATIONS, PUBLIC RELATIONS, PLANNING. BI-WEEKLY GENERAL INFORMATION LETTER TO CREDIT UNIONS AND OFFICIALS. STRATEGIC PLANNING SESSIONS FOR CREDIT UNIONS AROUND STATES. NEWS RELEASES AND ISSUES AFFECTING CREDIT UNIONS. HUMAN RESOURCE DEVELOPMENT AND EDUCATION. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 1 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 0 0 X DR WEN HEMINGWAY 8505581110 3692 COOLIDGE COURT TALLAHASSEE FL 32311 KEVIN JOHNSON CHAIR THROUGH JUNE 2022 1.00 1.00 X X 0 0 0 HENRY ARMSTRONG CHAIR 1.00 1.00 X X 0 0 0 HANK HALTER CHAIR-ELECT 1.00 1.00 X X 0 0 0 RICHARD SKAGGS VICE CHAIR 1.00 1.00 X X 0 0 0 ROBERT CLAMPETT SECRETARY 1.00 1.00 X X 0 0 0 TINA WILLIAMS TREASURER 1.00 1.00 X X 0 0 0 BRIAN AKIN PAST CHAIR 1.00 1.00 X X 0 0 0 TIM ANTONITION TRUSTEE 1.00 1.00 X 0 0 0 CARYL GREENE TRUSTEE 1.00 1.00 X 0 0 0 STACIE BRANCH TRUSTEE 1.00 1.00 X 0 0 0 JAN PAGE TRUSTEE 1.00 1.00 X 0 0 0 CHRIS LEGGETT TRUSTEE 1.00 1.00 X 0 0 0 OLA ANISE TRUSTEE 1.00 1.00 X 0 0 0 MARY OTT WOOD TRUSTEE 1.00 1.00 X 0 0 0 SHARON DOWNING TRUSTEE 1.00 1.00 X 0 0 0 BRAD GREEN TRUSTEE 1.00 1.00 X 0 0 0 ROY BIBB TRUSTEE 1.00 1.00 X 0 0 0 BOBBY MICHAEL TRUSTEE 1.00 1.00 X 0 0 0 STEVE MOSELEY TRUSTEE 1.00 1.00 X 0 0 0 ANDY HARRIS TRUSTEE THROUGH JUNE 2022 1.00 1.00 X 0 0 0 JOE MCGEE TRUSTEE THROUGH JUNE 2022 1.00 1.00 X 0 0 0 PATRICK LAPINE CEO 1.00 40.00 X 0 844537 114902 SAMANTHA BEELER PRESIDENT LEAGUE 1.00 40.00 X 0 264378 122221 DR WEN HEMINGWAY CFO 1.00 40.00 X 0 277835 74670 0 1386750 311793 0 0 1 0 LSCU SERVICE CORPORATION INC 3692 COOLIDGE COURT TALLAHASSEE FL 32311 PAYROLL, HUMAN RESOURCES, ACCOUNTING, FA 2785172 1 9105 9105 MEMBERSHIP DUES 522100 4956857 4956857 OTHER 900099 38175 38175 4995032 36406 36406 4020 0 4020 4020 4020 0 9105 0 0 506936 1081880 -574944 -574944 SCHOOLS AND CONFERENCES 611600 1819881 1819881 SPECIAL PROJECTS 900099 1737 1737 1821618 6291237 4420088 0 1862044 867726 2785172 382 373706 245840 186598 51210 243496 295639 380095 93609 10563 46084 ASSOCIATION DUES 337244 TAX & LICENSES 15709 SECURITY 4070 DEVELOPMENT 1738 69379 6008260 2961088 5947785 84031 193784 313284 93872 65437 60652 15348 4785 36387007 38889183 39760758 45129409 841904 1197582 1482452 1911272 0 856453 2324356 3965307 X 36411395 40164780 1025007 999322 37436402 41164102 39760758 45129409 X 282977 3444723 X 0 1 X 1 0 1 1030496 1030496 0 1 0 0 65437 60652 4785 4785 INVESTMENT IN ACS 38805333 RETIREMENT PLAN 83850 38889183 INTERCOMPANY DUE TO 856453 856453 X PART X, LINE 2: THE LEAGUE IS A CORPORATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE IRC, EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON THE DIFFERENCE BETWEEN THE FINANCIAL STATEMENT AND TAX BASES OF ASSETS AND LIABILITIES, USING ENACTED TAX RATES IN EFFECT FOR THE YEAR IN WHICH THE DIFFERENCES ARE EXPECTED TO REVERSE. CURRENT INCOME TAXES ARE BASED ON THE YEAR'S TAXABLE INCOME FOR FEDERAL AND STATE INCOME TAX REPORTING PURPOSES. 0 SOUTHEASTERN CREDIT UNION FOUNDATION 3692 COOLIDGE COURT TALLAHASSEE FL 32311 592252733 501(C)(3) 450000 0 N/A N/A COMMUNITY SPARKS NATIONAL CREDIT UNION FOUNDATION 5710 MINERAL POINT ROAD MADISON WI 53705 391383650 501(C)(3) 16701 0 N/A N/A FINANCIAL WELLNESS TRAINING AND DISASTER RELIEF 2 0 0 1 0 PATRICK LAPINE CEO 0 627638 0 203574 0 13325 0 92896 0 22006 0 959439 0 0 SAMANTHA BEELER PRESIDENT LEAGUE 0 187910 0 58750 0 17718 0 113957 0 8264 0 386599 0 0 DR WEN HEMINGWAY CFO 0 222285 0 55000 0 550 0 71318 0 3352 0 352505 0 0 PART I, LINE 4B PATRICK LAPINE HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $68,969 IN 2022. DR. WEN HEMINGWAY HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $45,558 IN 2022. SAMANTHA BEELER HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $95,000 IN 2022. FORM 990, PART VI, SECTION A, LINE 1A STANDING AND SPECIAL COMMITTEES, APPOINTED BY THE CHAPTER PRESIDENT OR REQUESTED BY THE LEAGUE, MAY BE CREATED FROM TIME TO TIME TO FACILITATE THE OPERATION AND PROPER FUNCTION OF THE CHAPTER. THESE COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AS PRESCRIBED BY THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 3 LSCU SERVICE CORPORATION, INC. PROVIDES ALL MANAGEMENT DUTIES. THEIR SERVICES INCLUDE PAYROLL, HUMAN RESOURCES, ACCOUNTING, FACILITIES, AND INFORMATION TECHNOLOGY FOR THE LEAGUE AND AFFILIATES. ALL OFFICERS, TRUSTEE, AND KEY EMPLOYEES ARE PAID BY LSCU SERVICE CORPORATION, INC. AND THEIR COMPENSATION IS REPORTED ON PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS MADE UP OF CREDIT UNIONS THROUGHOUT THE STATES OF ALABAMA, FLORIDA, AND GEORGIA. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO ELECT THE GOVERNING BODY. ELECTIONS ARE HELD ANNUALLY BUT NOT ALL DIRECTORS' POSITIONS ARE UP FOR ELECTION. THE GOVERNING BODY HAS STAGGERED TERMS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE THE ANNUAL BUDGET. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED WITH THE BOARD TREASURER, CFO, CEO, AND LEAGUE PRESIDENT AND THEN SHARED WITH THE ENTIRE BOARD PRIOR TO FILING. THE DOCUMENT IS REVIEWED AT EACH LINE LEVEL. FORM 990, PART VI, SECTION B, LINE 12C NO DIRECTOR, COMMITTEE MEMBER, OFFICER, AGENT OR EMPLOYEE OF THE CORPORATION IN ANY MANNER, DIRECTLY OR INDIRECTLY PARTICIPATE IN THE DELIBERATION UPON THE DETERMINATION OF ANY QUESTION AFFECTING HIS PECUNIARY INTEREST OR THE PECUNIARY INTEREST OF ANY CORPORATION, PARTNERSHIP, OR ASSOCIATION IN WHICH HE IS DIRECTLY OR INDIRECTLY INTERESTED. IN THE EVENT OF THE DISQUALIFICATION OF ANY DIRECTOR RESPECTING ANY MANNER PRESENTED TO THE BOARD OF DIRECTORS FOR DELIBERATION OR DETERMINATION, SUCH DIRECTOR SHALL WITHDRAW FROM SUCH DELIBERATION OR DETERMINATION; AND IN SUCH EVENT THE REMAINING QUALIFIED DIRECTORS PRESENT AT THE MEETING, IF CONSTITUTING A QUORUM WITH THE DISQUALIFIED DIRECTORS, MAY EXERCISE WITH RESPECT TO THIS MATTER, BY MAJORITY VOTE, ALL THE POWERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 LSCU SERVICE CORPORATION, A RELATED ORGANIZATION, PAYS ALL SALARY AND BENEFITS. AN OUTSIDE CONSULTANT IS HIRED BY THE BOARD TO PRODUCE A COMPREHENSIVE COMPENSATION REVIEW AND MAKES RECOMMENDATIONS TO THE COMPENSATION COMMITTEE. ONCE REVIEWED BY THE COMPENSATION COMMITTEE, ANY RECOMMENDED CHANGES TO THE CEO COMPENSATION ARE BROUGHT TO THE BOARD FOR APPROVAL. ALL OTHER OFFICERS' COMPENSATION IS REVIEWED BY LABOR IQ TO COMPARE SALARIES OF LIKE JOBS IN THE ASSOCIATION INDUSTRY AT OUR REVENUE SIZE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INVESTMENT FROM SUBSIDIARIES 3,444,723. 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