Nonprofit · EIN 38-1480245
IGNITE CREDIT UNION
Also known as Lakeview Middle School Parent Teacher Association
Tax-exempt · BATTLE CREEK, MI 49015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $24,499,429 | $23,650,396 | $849,033 | $364,563,300 | $327,812,474 | $36,750,826 |
| December 31, 2023 | 990 | $18,467,433 | $15,279,739 | $3,187,694 | $224,315,902 | $204,073,087 | $20,242,815 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $331,642
- of which government grants
- $331,642
- Program service revenue
- $19,341,791
- Investment income
- $1,925,648
- Net rental income
- -$1,251
- Net gain from sales of assets
- $87,450
- Other revenue
- $2,900,348
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $688,119
- Other salaries and wages
- $5,787,429
- Salaries, compensation and benefits (total)
- $8,356,913
- Professional fundraising fees
- $0
- Legal fees
- $127,141
- Occupancy
- $719,574
- Travel
- $130,538
- Depreciation
- $1,393,713
Balance sheet and other
- Total assets, start of year
- $224,315,902
- Total assets, end of year
- $364,563,300
- Total liabilities, end of year
- $327,812,474
- Net assets, end of year
- $36,750,826
- Land, buildings and equipment
- $10,309,657
- Publicly traded securities
- $15,317,833
- Gross unrelated business income
- $52,649
- Gross receipts
- $24,876,527
- Employees
- 168
- Volunteers
- 13
- Year formed
- 1936
- State of legal domicile
- MI
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| S COBB | PRESIDENT Officer | 40 | $256,498 | $46,123 |
| K LEWIS | CEO Officer | 40 | $203,928 | $29,934 |
| W HEPPE | VP HR - STAFF DEVELOPMENT Highest-paid employee | 40 | $127,421 | $39,075 |
| D SLAVENS | VP IT Highest-paid employee | 40 | $143,843 | $11,507 |
| J ADDINGTON | VP RETAIL Highest-paid employee | 40 | $123,610 | $30,234 |
| J ROOD | VP ACCOUNTING FINANCE Officer | 40 | $117,298 | $34,338 |
| J TANGE | VP OPERATIONS Highest-paid employee | 40 | $129,676 | $21,109 |
| A NASH | VP RISK MANAGEMT Highest-paid employee | 40 | $126,319 | $10,789 |
| D HICKS | DIRECTOR CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| S ELLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| M DUTCHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| F HETHERWICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J KIRKPATRICK | DIRECTOR SECRETARY Trustee or director | 1 | $0 | $0 |
| G GOLEMBIEWSKI | DIRECTOR VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| J MAES | DIRECTOR TREASURER Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| M WALLACE | DIRECTOR Trustee or director | 1 | $0 |
| J RATTI | DIRECTOR Trustee or director | 1 | $0 |
| A HARTMAN | TREASURER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| S COBB | CEO Officer | 40 | $218,078 | $39,985 |
| W HEPPE | VP HR Highest-paid employee | 40 | $116,297 | $38,293 |
| D SLAVENS | VP IT Highest-paid employee | 40 | $133,514 | $10,681 |
| J ROOD | SVP ACCOUNTING/FINANCE Officer | 40 | $108,206 | $33,812 |
| D HICKS | DIRECTOR/ CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| D VOSHELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| M DUTCHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| F HETHERWICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J KIRKPATRICK | DIRECTOR/ SECRETARY Trustee or director | 1 | $0 | $0 |
| J RATTI | DIRECTOR/VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| J MAES | DIRECTOR/TREASURER Trustee or director | 1 | $0 | $0 |
| M WALLACE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| T JOHNSON | ASSOCIATE DIRECTOR Trustee or director | 1 | $0 | $0 |
| A MUMFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 115 RIVERSIDE DR, BATTLE CREEK, MI 49015-2529
- Mailing address (990-N for 2013)
- 300 S 28th Street, Battle Creek MI 49015
- Principal officer (990 for 2024)
- KRISTOPHER LEWIS, 115 RIVERSIDE DR, BATTLE CREEK, MI 49015
- Principal officer (990-N for 2013)
- Sherry Palmer, 565 Breezy Bluff St, Battle Creek MI 49015
- Signed the 990
- Michael Ogrin, Director of Finance
- Phone
- (800) 648-8035
- Website
- http://lms-pta.weebly.com
- Return prepared by
- MiCUSO LLC
Mission
IGNITE CREDIT UNION WAS FOUNDED UPON THE SEVEN COOPERATIVE PRINCIPLES BASED IN THE PHILOSOPHY OF COOPERATION AND THE CENTRAL VALUES OF EQUALITY EQUITY AND MUTUAL SELF-HELP. IGNITE CREDIT UNIONS MISSION STATEMENT ILLUSTRATES THE BROTHERHOOD OF MAN THROUGH PEOPLE WORKING TOGETHER TO ACHIEVE A BETTER LIFE FOR THEMSELVES AND THEIR COMMUNITY.
Program accomplishments
- INCOME FROM CREDIT UNIONS MEMBERSHIP AND FROM INVESTMENT OF MEMBERS FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.0
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 | Not 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
- 38-1480245
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1359: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- Assets (IRS master file)
- $364,563,300
- Income (IRS master file)
- $24,876,527
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $24,499,429 | $23,650,396 | $364,563,300 | IRS |
| 990 | December 2023 | $18,467,433 | $15,279,739 | $224,315,902 | XML |
| 990 | December 2022 | $13,169,848 | $12,477,470 | $222,746,006 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Sherry Palmer | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 38-1480245).
Questions about IGNITE CREDIT UNION
- What is the EIN of IGNITE CREDIT UNION?
- The employer identification number (EIN) of IGNITE CREDIT UNION is 38-1480245.
- Is IGNITE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to IGNITE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IGNITE 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 IGNITE CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IGNITE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IGNITE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names KRISTOPHER LEWIS.
- Who are the officers and directors of IGNITE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 18 people; 8 received compensation from the organization, the highest $256,498 (S COBB, PRESIDENT).
- How much revenue does IGNITE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $24,499,429, expenses of $23,650,396 and total assets of $364,563,300 at year end.
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