Metropolitan Credit Union in Chelsea, Massachusetts (MA)
Table of contents:
| Metropolitan Credit Union | |
| Employer Identification Number (EIN) | 041695745 |
| Name of Organization | Metropolitan Credit Union |
| In Care of Name | Eileen Danahey |
| Address | 200 Revere Beach Pkwy, Chelsea, MA 02150-1608 |
| Activities | Endowment fund or financial services, Loans or credit reporting |
| Subsection | Credit Union |
| Ruling Date | 08/1948 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $50,000,000 to greater |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,279,777,202 |
| Amount of Income | $283,499,653 |
| Form 990 Revenue Amount | $58,316,336 |
Non-representatives - add comments:
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? | Yes |
| 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 | $57,522,772 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $46,234,518 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $1,711,345 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $8,002,503 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $2,168,181 / $223,635,086 |
| Less: cost or other basis and sales expenses (Securities / Other) | $2,151,535 / $215,649,229 |
| Gain or (loss) (Securities / Other) | $16,646 / $7,985,857 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $1,574,406 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $47,121,551 |
| Compensation of current officers, directors, trustees, and key employees | $2,740,060 |
| Other salaries and wages | $10,870,165 |
| Payroll taxes | $1,114,957 |
| Professional fundraising services | $0 |
| Other | $32,396,369 |
| Balance Sheet (for 2012) | |
| Total assets | $1,126,560,711 |
| Total liabilities | $1,008,329,870 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $82,210,369 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $926,119,501 |
| Total net assets or fund balances | $118,230,841 |
| Retained earnings, endowment, accumulated income, or other funds | $118,230,841 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | Not provided |
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|---|---|---|---|---|---|
| 1 | Metro West Premier Soccer | 5 Tallwood Dr, Medfield, MA 02052-3334 | MA | 2000-08 | $17,864 |
| 2 | Metro-Boston Alive Inc | 116 Roxbury St, Roxbury, MA 02119-1524 | MA | 1990-11 | $27,000 |
| 3 | Metro-Boston Amateur Softball Association Inc | 265 Winn St Ste 301, Burlington, MA 01803-2634 | MA | 1998-06 | $179,445 |
| 4 | Metrofire Inc | 120 Main St, Medford, MA 02155-4510 | MA | 2004-09 | $88,355 |
| 5 | Metrofuture Inc | 60 Temple Place, Boston, MA 02111-1324 | MA | 2004-01 | $627 |
| 6 | Metrolacrosse Inc | 209 Green St, Jamaica Plain, MA 02130-2660 | MA | 2001-02 | $1,069,095 |
| 7 | Metropolitan Boston Emergency Medical Services Council Inc | 25 B St Ste A, Burlington, MA 01803-3401 | MA | 1999-11 | $828,478 |
| 8 | Metropolitan Boston Hockey League Inc | 485 Rogers Ave, W Springfield, MA 01089-1960 | MA | 1980-07 | $0 |
| 9 | Metropolitan Boston Housing Partnership Inc | 125 Lincoln Street, Boston, MA 02111-2503 | MA | 1983-05 | $132,157,226 |
| 10 | Metropolitan Council For Educational Opportunity Metco Inc | 40 Dimock St, Roxbury, MA 02119-1210 | MA | 1969-09 | $3,341,273 |
| 11 | Metropolitan Credit Union | 200 Revere Beach Pkwy, Chelsea, MA 02150-1608 | MA | 1948-08 | $283,499,653 |
| 12 | Metropolitan Interfaith Congregations Acting For Hope Inc | 19 Cortland Drive, Hudson, MA 01749 | MA | 2005-04 | $63,655 |
| 13 | Metropolitan Law Enforcement Council Inc | 3 Walpole St, Dover, MA 02030-2537 | MA | 2003-04 | $111,856 |
| 14 | Metropolitan Waterworks Museum Inc | 2450 Beacon St, Chestnut Hill, MA 02467-1460 | MA | 1995-04 | $125,170 |
| 15 | Metropolitan Wind Symphony Inc, Mws | 62 Mossdale Road, Jamaica Plain, MA 02130 | MA | 1974-05 | $86,111 |
| 16 | Cat Rescue Of Marlborough And Hudson | 16 Abigail Dr, Hudson, MA 01749-3200 | MA | 2010-12 | $77,779 |
| 17 | Metrowest Center For Independent Living Inc | 280 Irving St, Framingham, MA 01702-4300 | MA | 1987-12 | $1,023,463 |
| 18 | Metrowest Chamber Educational Foundation Inc | 1671 Worcester Rd Ste 301, Framingham, MA 01701-5400 | MA | 1999-09 | $10,131 |
| 19 | Metrowest Chamber Foundation Inc | 1671 Worcester Rd, Framingham, MA 01701-5408 | MA | 1992-08 | $8 |
| 20 | Metrowest Emergency Physicians Inc | 160 Federal St Fl 9, Boston, MA 02110-1700 | MA | 1983-06 | $13,488,343 |
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