LIGHTHOUSE FEDERAL CREDIT UNION F/K/A NORTHEAST CREDIT UNION Charity Report

Public IRS 990 nonprofit record

LIGHTHOUSE FEDERAL CREDIT UNION F/K/A NORTHEAST CREDIT UNION

EIN 02-0222930 · Telecommunications (W50)

What they do

PROVIDE CREDIT UNION SERVICES to ITS MEMBERS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

84.49%of revenue went to mission work100.0% of expenses · Program services

$93.53spent for every $100 of revenueRevenue covered expenses this year.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $967,541 for CHRISTOPHER G PARKER (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$47,726,591

Mission workProgram services$40,324,59284.49% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$7,401,99915.51% of revenueShown in gray on the chart

Total expenses$40,324,59284.49% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$78,609,434

Expenses$73,523,184

Annual surplus $5,086,250 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$40,324,592 · 54.8% of expenses

See all reported dollar amounts

Revenue$78,609,434

Expenses$73,523,184

Mission work (program services)$40,324,592

Grants given$1,507,500

Average grant$94,219

Stocks and bonds$95,597,065

Accounting fees$191,313

Investing fees$4,200

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CHRISTOPHER G PARKERPRESIDENT/CEO · 40 hrs/week $967,541Base $926,083 · Other $41,458

LEE P SCHAFERSVP COO/GENERAL COUNSEL · 40 hrs/week $571,918Base $536,936 · Other $34,982

NEIL GORDONSVP CFO · 40 hrs/week $539,269Base $522,581 · Other $16,688

SEAN MCNAIRSVP CME · 40 hrs/week $535,662Base $501,572 · Other $34,090

KELLY MCGRATHSVP CRO · 40 hrs/week $528,712Base $496,533 · Other $32,179

KENNETH LAWRENCESVP CIO · 40 hrs/week $479,997Base $465,963 · Other $14,034

TRACI TENGGRENSVP CHRO · 40 hrs/week $437,296Base $403,530 · Other $33,766

ANDREA PRUNASVP CGO · 40 hrs/week $388,319Base $346,084 · Other $42,235

ARTHUR WILLIAM MACGREGORSALES REP · 40 hrs/week $263,362Base $231,962 · Other $31,400

CHRISTINA J ZAUDKEVP BRANCH STRATEGY AND INNOVATION · 40 hrs/week $258,851Base $227,790 · Other $31,061

RICHARD LIPARIVP, OPERATIONS AND BUSINESS INTELLIGENCE & AU · 40 hrs/week $254,619Base $226,449 · Other $28,170

BONNIE J WARD ENDED 042423VP IT · 40 hrs/week $252,133Base $226,567 · Other $25,566

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

CHRISTOPHER G PARKERPRESIDENT/CEO

LEE P SCHAFERSVP COO/GENERAL COUNSEL

NEIL GORDONSVP CFO

SEAN MCNAIRSVP CME

KELLY MCGRATHSVP CRO

KENNETH LAWRENCESVP CIO

TRACI TENGGRENSVP CHRO

ANDREA PRUNASVP CGO

ARTHUR WILLIAM MACGREGORSALES REP

CHRISTINA J ZAUDKEVP BRANCH STRATEGY AND INNOVATION

RICHARD LIPARIVP, OPERATIONS AND BUSINESS INTELLIGENCE & AU

BONNIE J WARD ENDED 042423VP IT

JOHN L GALLAGHERVP INTERNAL AUDIT

SUZANNE R LADDVP CONSUMER DIRECT LENDING

CHRISTOPHER SAUCIERVP MORTGAGE LENDING AND PAYMENT RESOLUTION

GINA MARIE JONESVP PRODUCT

DOUGLAS SITESVP CONSUMER & INDIRECT LENDING

KATHALEEN P HALL-GRIGALUSVP BUSINESS DEVELOPMENT

DANIEL RAPOSAEXECUTIVE DIRECTOR OF FOUNDATION

RYAN FRANCIS GRACEVP BRAND

STEPHANIE KOCHVP RISK MANAGEMENT

JACQUELYN MICHELE SNOWAVP DATA ANALYTICS

SEAN TIPTONAVP MEMBER CARE

JEANNE WARDAV PAYMENT RESOLUTION

DAVID AUTHUR PERRONAVP IT

JUSTIN GAMESTERDIRECTOR

JULIE CUTTING-KELLYDIRECTOR

RAYMOND BALDCHAIRMAN

REGIS SAUCIERDIRECTOR

DAVID PACIENCIADIRECTOR

TERRANCE BEERSVICE CHARIMAN

THERESA PALUMBOSECRETARY

BRIAN GIBBDIRECTOR

VICTOR COLLININOTREASURER

About this charity

Recognized since: November 1976
Location: PO BOX 1240, PORTSMOUTH, NH 038021240
County: Rockingham
In care of: CHRISTOPHER G PARKER
Primary officer: CHRISTOPHER G PARKER, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(603) 436-1847

Filing and classification

Latest tax year: 2023
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WOLF & COMPANY PC
NTEE classification: Telecommunications (W50)
IRS tax category: Telecommunications
Grant-giving organization: Yes