THE CREDIT UNION OF RICHMOND INC Charity Report

Public IRS 990 nonprofit record

THE CREDIT UNION OF RICHMOND INC

EIN 54-0357460

What they do

THE CREDIT UNION is A COOPERATIVE ORGANZIED for THE PURPOSE of PROMOTING THRIFT AMONG ITS MEMBERS and CREATING A SOURCE of CREDIT for PROVIDENT or PRODUCTIVE PURPOSES.

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 2024The charity has a recent tax report to read.

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

They name their leaders15 people are listed in the latest report.

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

Money made simple

93.49%of revenue went to mission work100.0% of expenses · Program services

$99.26spent for every $100 of revenueRevenue covered expenses this year.

$18.45in assets for every $1 spent this yearSome assets cannot be spent right away.

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 $210,772 for ARTHUR HART (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 2024

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$3,891,448

Mission workProgram services$3,638,26393.49% 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$253,1856.51% of revenueShown in gray on the chart

Total expenses$3,638,26393.49% of revenue

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

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2018CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 93.49% of revenue

2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 78.80% of revenue

Money in and money out

Revenue$3,587,198

Expenses$3,560,555

Annual surplus $26,643 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)$3,638,263 · 102.2% of expenses

This source amount exceeds total expenses; compare the filing details carefully.

See all reported dollar amounts

Revenue$3,587,198

Expenses$3,560,555

Assets$65,687,162

Mission work (program services)$3,638,263

Accounting fees$36,000

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

ARTHUR HARTPRESIDENT/CEO · 40 hrs/week $210,772Base $181,120 · Other $29,652

ALVIN STROTHERBOARD MEMBER · 1 hrs/week $3,400

GARY V SHELTON JRBOARD MEMBER · 1 hrs/week $2,800

YVONNE BAYLORBOARD MEMBER · 1 hrs/week $2,800

ARCHIE THOMPSONBOARD MEMBER · 1 hrs/week $2,200

BRANDIZE CAREY BRAXTONBOARD MEMBER · 1 hrs/week $2,200

CURT DAVIDSONBOARD MEMBER · 1 hrs/week $2,200

DONALD HALLBOARD MEMBER · 1 hrs/week $2,200

ELMER SIMSBOARD MEMBER · 1 hrs/week $2,200

JANICE MCMOOREBOARD MEMBER · 1 hrs/week $2,200

LARRY LINDSEYBOARD MEMBER · 1 hrs/week $2,200

SAMEATRIA MORTONBOARD MEMBER · 1 hrs/week $2,200

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 (15)

ARTHUR HARTPRESIDENT/CEO

ALVIN STROTHERBOARD MEMBER

GARY V SHELTON JRBOARD MEMBER

YVONNE BAYLORBOARD MEMBER

ARCHIE THOMPSONBOARD MEMBER

BRANDIZE CAREY BRAXTONBOARD MEMBER

CURT DAVIDSONBOARD MEMBER

DONALD HALLBOARD MEMBER

ELMER SIMSBOARD MEMBER

JANICE MCMOOREBOARD MEMBER

LARRY LINDSEYBOARD MEMBER

SAMEATRIA MORTONBOARD MEMBER

BETTY T STROTHERBOARD MEMBER

KAREN LIPSCOMBBOARD MEMBER

WILLIAM W LAUTERBACHBOARD MEMBER

About this charity

Location: 1601 OWNBY LANE, RICHMOND, VA 23220
County: City of Richmond
In care of: ARTHUR HART
Primary officer: ARTHUR HART, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Phone(804) 355-9684

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KEITER STEPHENS HURST GARY & SHREAVES