Winnebago County Schools Credit in Rockford, Illinois (IL)

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Winnebago County Schools Credit
Employer Identification Number (EIN)361696245
Name of OrganizationWinnebago County Schools Credit
Address4563 Hydraulic Rd, Rockford, IL 61109-2613
ActivitiesCredit union, Non financial services of facilities to other organizations
SubsectionGovernment Instrumentality
Ruling Date04/1956
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$100,000 to $499,999
Filing Requirement990 - Government 501(c)(1)
Asset Amount$13,915,179
Amount of Income$374,258
Form 990 Revenue Amount$374,258


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$399,801
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$252,972
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$130,012
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$16,817
Statement of Functional Expenses (for 2012)
Total functional expenses$410,126
Compensation of current officers, directors, trustees, and key employees$61,154
Other salaries and wages$72,239
Payroll taxes$13,342
Professional fundraising services$0
Other$263,391
Balance Sheet (for 2012)
Total assets$14,852,973
Total liabilities$13,875,182
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$13,875,182
Total net assets or fund balances$977,791
Retained earnings, endowment, accumulated income, or other funds$977,791
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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11Winnebago County Schools Credit4563 Hydraulic Rd, Rockford, IL 61109-2613IL1956-04$374,258
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