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Downeast Credit Union

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$14.2M (2022)

Expenses
$10.8M (2022)

Total Assets
$270M (2022)

Total Liabilities
$242M (2022)

Years with missing data
Source: Form 990 tax filings from 2013 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,151,528
Expenses
$10,777,939
Net Income
$3,373,589
Net Assets
$27,352,262
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,867,038
83.9%
Investment Income $218,383
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,066,107
14.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $587,204
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,368,556
40.5%
Assets/Debt
Total Assets $269,624,837
Total Liabilities $242,272,575
Net Assets $27,352,262
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Moses Joseph (President & Ceo) $328,807 $0 $40,006
Lanier Tonia (Svp Of Lending & Branch Op) $184,367 $0 $22,289
Fleming Matthew (Cfo) $184,182 $0 $30,816
Hamilton Jill (Vp Accounting) $161,205 $0 $13,115
Tomah Bette (Svp Of Internal Operations) $154,245 $0 $22,506
Sherrard Christopher (It Director) $141,623 $0 $14,470
Johansen Stacy (President, Dei) $134,387 $0 $9,366
Enman James (Director) $7,156 $0 $0
Whalen Mike (Director) $7,156 $0 $0
Curtis Robert (Vice Chairman) $7,156 $0 $0
Manza Joseph (Secretary) $7,156 $0 $0
Pottle Mason (Chairman) $7,156 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,995,471
Expenses
$11,020,879
Net Income
$3,974,592
Net Assets
$23,978,673
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,250,032
81.7%
Investment Income $12,923
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,732,516
18.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $452,717
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $4,492,029
40.8%
Assets/Debt
Total Assets $256,516,237
Total Liabilities $232,537,564
Net Assets $23,978,673
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Moses Joseph (President & Ceo) $264,013 $0 $32,737
Fleming Matthew (Cfo) $128,926 $0 $24,212
Lanier Tonia (Svp Of Lending & Branch Op) $124,650 $0 $18,482
Tomah Bette (Svp Of Internal Operations) $114,009 $0 $18,088
Sherrard Christopher (It Director) $110,299 $0 $11,720
Enman James (Director) $6,825 $0 $0
Whalen Mike (Director) $6,825 $0 $0
Curtis Robert (Vice Chairman) $6,825 $0 $0
Manza Joseph (Secretary) $6,825 $0 $0
Pottle Mason (Chairman) $6,825 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,598,749
Expenses
$12,648,532
Net Income
$2,950,217
Net Assets
$20,004,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,243,452
84.9%
Investment Income $16,464
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,338,833
15.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $453,689
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $225,778,198
Total Liabilities $205,774,117
Net Assets $20,004,081
Compensation
Key Employees and Officers Compensation Related Other
Moses Joseph (President & Ceo) $265,757 $0 $29,680
Lanier Tonia (Svp Of Lending & Branch Operations) $136,843 $0 $16,478
Fleming Matthew (Cfo) $133,033 $0 $22,618
Tomah Bette (Svp Of Internal Operations) $117,352 $0 $16,368
Sherrard Christopher (It Director) $105,695 $0 $10,233
Enman James (Director) $7,642 $0 $0
Whalen Mike (Director) $7,642 $0 $0
Curtis Robert (Vice Chairman) $7,642 $0 $0
Manza Joseph (Secretary) $7,642 $0 $0
Pottle Mason (Chairman) $7,642 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,438,472
Expenses
$14,349,619
Net Income
$1,088,853
Net Assets
$17,053,864
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,239,676
85.8%
Investment Income $74,809
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,123,987
13.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $399,260
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $4,520,864
31.5%
Assets/Debt
Total Assets $204,294,220
Total Liabilities $187,240,356
Net Assets $17,053,864
Compensation
Key Employees and Officers Compensation Related Other
Tozier David (Former Ceo) $288,804 $0 $0
Moses Joe (President & Ceo) $263,620 $0 $35,814
Daggett Dan (Agent Bay Finl/ Pres Of Culane) $179,154 $0 $28,827
Munsey Melanie (Agent Bay Finl/ Pres Of Dei) $170,099 $0 $12,832
Lanier Tonia (Vice President Of Branch Operations) $130,501 $0 $19,347
Fleming Matthew (Cfo) $77,854 $0 $19,448
Whalen Mike (Director) $8,437 $0 $0
Curtis Robert (Vice Chairman) $8,437 $0 $0
Manza Joseph (Secretary) $8,437 $0 $0
Pottle Mason (Chairman) $8,437 $0 $0
Enman James (Director) $7,775 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,668,251
Expenses
$11,022,692
Net Income
$1,645,559
Net Assets
$14,313,629
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,497,012
82.9%
Investment Income $19,966
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,151,273
17.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $575,090
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,778,835
34.3%
Assets/Debt
Total Assets $177,992,446
Total Liabilities $163,678,817
Net Assets $14,313,629
Compensation
Key Employees and Officers Compensation Related Other
Tozier David (Ceo) $284,836 $0 $23,639
Moses Joseph (President) $235,698 $0 $28,179
Munsey Melanie (President Downeast Insurance) $143,691 $0 $6,630
Daggett Daniel (President Consolidated Sol) $141,933 $0 $21,982
Beaulieu Bert (Former Vice President Of Compliance) $102,087 $0 $6,753
Enman James (Director) $6,991 $0 $0
Whalen Michael (Director) $6,991 $0 $0
Curtis Robert (Vice Chairman) $6,991 $0 $0
Manza Joseph (Secretary) $6,991 $0 $0
Pottle Mason (Chairman) $6,991 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,506,262
Expenses
$9,069,893
Net Income
$1,436,369
Net Assets
$12,668,070
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,739,918
83.2%
Investment Income $15,244
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,751,100
16.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $459,811
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,077,766
33.9%
Assets/Debt
Total Assets $165,292,140
Total Liabilities $152,624,070
Net Assets $12,668,070
Compensation
Key Employees and Officers Compensation Related Other
Tozier David (President/Ceo) $260,772 $0 $21,432
Moses Joseph (Evp/Cfo) $150,424 $0 $25,151
Munsey Melanie (Pres. Downeast Insurance) $119,655 $0 $5,351
Daggett Daniel (Pres. Consolidated Solutions) $117,580 $0 $19,678
Enman James (Director) $2,138 $0 $0
Whalen Michael (Director) $2,138 $0 $0
Curtis Robert (Vice Chairman) $2,138 $0 $0
Manza Joseph (Secretary) $2,138 $0 $0
Pottle Mason (Chairman) $2,138 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,250,031
Expenses
$7,987,194
Net Income
$1,262,837
Net Assets
$11,479,308
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,516,506
81.3%
Investment Income $14,106
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,719,419
18.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $373,145
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,584,723
32.4%
Assets/Debt
Total Assets $153,275,459
Total Liabilities $141,796,151
Net Assets $11,479,308
Compensation
Key Employees and Officers Compensation Related Other
David Tozier (President/Ceo) $206,513 $0 $19,711
Melanie Munsey (President Downeast Insuran) $124,546 $0 $3,780
Joseph Moses (Evp/Cfo) $123,767 $0 $23,154
Daniel Daggett (President Consolidated Sol) $109,565 $0 $18,405
Michael Atwood (Dealership Relationship Manager) $102,423 $0 $9,019
Michael Whalen (Director) $0 $0 $0
James Enman (Director) $0 $0 $0
Mason Pottle (Chairman) $0 $0 $0
Robert Curtis (Vice Chairman) $0 $0 $0
Joseph Manza (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,106,009
Expenses
$7,901,749
Net Income
$204,260
Net Assets
$10,216,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,571,270
81.1%
Investment Income $77,438
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,617
0.1%
Net Inventory Sales $0
Other Revenue $1,447,684
17.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $378,368
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,573,809
32.6%
Assets/Debt
Total Assets $129,260,575
Total Liabilities $119,044,104
Net Assets $10,216,471
Compensation
Key Employees and Officers Compensation Related Other
David Tozier (President/Ceo) $198,761 $0 $18,442
Joseph Moses (Evp/Cfo) $139,620 $0 $21,545
Melanie Munsey (President Downeast Insurance Agency) $106,084 $0 $6,052
Daniel Daggett (President Consolidated Sol) $105,203 $0 $16,941
Mason Pottle (Chairman) $0 $0 $0
Robert Curtis (Vice Chairman) $0 $0 $0
Joseph Manza (Secretary) $0 $0 $0
Michael Whalen (Director) $0 $0 $0
James Enman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,608,164
Expenses
$6,734,124
Net Income
$874,040
Net Assets
$10,012,211
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,136,483
80.7%
Investment Income $64,002
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,407,679
18.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $329,822
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,345,444
34.8%
Assets/Debt
Total Assets $110,022,619
Total Liabilities $100,010,408
Net Assets $10,012,211
Compensation
Key Employees and Officers Compensation Related Other
David Tozier (President/Ceo) $183,469 $0 $17,816
Joseph Moses (Evp/Cfo) $107,771 $0 $20,766
Daniel Daggett (President Consolidated Solutions) $106,676 $0 $16,026
Mason Pottle (Chairman) $0 $0 $0
Robert Curtis (Vice Chairman) $0 $0 $0
Joseph Manza (Secretary) $0 $0 $0
Michael Whalen (Director) $0 $0 $0
James Enman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

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