Nonprofit · EIN 94-2341618
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as ORGANIZED LABOR CREDIT UNION, Coastal Valley Council Organizing Account
Tax-exempt · MODESTO, CA 95350
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,839,610 | $1,563,838 | $275,772 | $37,951,551 | $34,514,126 | $3,437,425 |
| December 31, 2023 | 990 | $1,660,304 | $1,325,262 | $335,042 | $37,741,365 | $34,579,712 | $3,161,653 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $881,974
- Investment income
- $561,326
- Other revenue
- $396,310
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $83,407
- Compensation of officers, directors and key employees
- $213,517
- Other salaries and wages
- $422,330
- Salaries, compensation and benefits (total)
- $635,847
- Professional fundraising fees
- $0
- Occupancy
- $169,792
- Travel
- $24,364
Balance sheet and other
- Total assets, start of year
- $37,741,365
- Total assets, end of year
- $37,951,551
- Total liabilities, end of year
- $34,514,126
- Net assets, end of year
- $3,437,425
- Land, buildings and equipment
- $2,236,117
- Gross receipts
- $1,839,610
- Employees
- 7
- Volunteers
- 13
- Year formed
- 1974
- State of legal domicile
- CA
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 |
|---|---|---|---|---|
| Sara Klein | President/CEO Officer | 40 | $207,154 | $6,363 |
| Ed Dicochea | BD Chairman Trustee or director | 2 | $0 | $0 |
| Sean Wilkins | BD Vice Chair Trustee or director | 2 | $0 | $0 |
| Valerie Rodgers | BD Sec/Treas Trustee or director | 2 | $0 | $0 |
| Derek Miles | Director Trustee or director | 2 | $0 | $0 |
| Scott Taylor | SC member Trustee or director | 1 | $0 | $0 |
| Connie Floyd | Director Trustee or director | 2 | $0 | $0 |
| Brenda Gorshuch | SC Chair Trustee or director | 1 | $0 | $0 |
| James Wood | SC member Trustee or director | 1 | $0 | $0 |
| Larry Machado | Director Trustee or director | 2 | $0 | $0 |
| Dee Gotelli | SC member Trustee or director | 1 | $0 | $0 |
| Michael Scott Naylor | SC member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sara Klein | President/CEO Officer | 40 | $173,034 |
| Ed Dicochea | BD Chairman Trustee or director | 2 | $0 |
| Sean Wilkins | BD Vice Chair Trustee or director | 2 | $0 |
| Valerie Rodgers | BD Sec/Treas Trustee or director | 2 | $0 |
| Scott Taylor | SC member Trustee or director | 1 | $0 |
| Alfred Wiley | Director Trustee or director | 2 | $0 |
| Connie Floyd | Director Trustee or director | 2 | $0 |
| Charles Bush | Director Trustee or director | 2 | $0 |
| Brenda Gorshuch | SC Chair Trustee or director | 1 | $0 |
| James Wood | SC member Trustee or director | 1 | $0 |
| Larry Machado | Director Trustee or director | 2 | $0 |
| Virginia Beeman | SC member Trustee or director | 1 | $0 |
| Derek Miles | SC member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2112 MCHENRY AVE, MODESTO, CA 95350-3261
- In care of
- % LYNN JOHNSON
- Mailing address (990-N for 2009)
- 1125 Kansas Ave, Modesto CA 95351
- Principal officer (990 for 2024)
- Sara Klein, 2112 McHenry Ave A, Modesto, CA 95350
- Principal officer (990-N for 2009)
- Scott Howeth, 1125 Kansas Ave, Modesto CA 95351
- Signed the 990
- Sara Klein, CEO
- Phone
- (209) 527-8731
- Website
- www.olcu.org
- Return prepared by
- RICHARDS & ASSOCIATES
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2341618 or by the name CREDIT UNIONS IN THE STATE OF CALIFORNIA.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.
Program accomplishments
- Provided deposit and loan accounts to 3,377 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.
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
- 94-2341618
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $37,951,551
- Income (IRS master file)
- $1,839,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,839,610 | $1,563,838 | $37,951,551 | XML |
| 990 | December 2023 | $1,660,304 | $1,325,262 | $37,741,365 | XML |
| 990 | December 2022 | $1,286,713 | $1,049,019 | $34,765,063 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: Scott Howeth | December 31, 2009 | ≤ $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 94-2341618).
Questions about CREDIT UNIONS IN THE STATE OF CALIFORNIA
- What is the EIN of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF CALIFORNIA is 94-2341618.
- Is CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF CALIFORNIA 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 CREDIT UNIONS IN THE STATE OF CALIFORNIA 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 CREDIT UNIONS IN THE STATE OF CALIFORNIA 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 CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 names Sara Klein.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $207,154 (Sara Klein, President/CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF CALIFORNIA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,839,610, expenses of $1,563,838 and total assets of $37,951,551 at year end.
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