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47 New Horizons Credit Union Inc

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Organization summary might be incomplete or out of date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.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Summary charts: organization finances over time

Revenue
$2.2M (2020)

Expenses
$2.45M (2020)

Total Assets
$41.3M (2020)

Total Liabilities
$38.6M (2020)

Source: Form 990 tax filings from 2011 to 2020

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.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,195,839
Expenses
$2,451,900
Net Income
-$256,061
Net Assets
$2,685,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,141,088
97.5%
Investment Income $54,751
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $90,000
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $501,724
20.5%
Assets/Debt
Total Assets $41,257,610
Total Liabilities $38,572,500
Net Assets $2,685,110
Compensation
Key Employees and Officers Compensation Related Other
Terri Van Antwerp (President) $90,000 $0 $5,027
Richard Fiddes (Vice Chairpe) $0 $0 $0
Kevin Hogan (Director) $0 $0 $0
Brian Richard (Secretary) $0 $0 $0
Polina Ruuge (Chairperson) $0 $0 $0
Stephen Von Wahlde (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,761,299
Expenses
$3,203,156
Net Income
-$441,857
Net Assets
$41,068,036
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,953,233
70.7%
Investment Income $111,259
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $696,807
25.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $137,122
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $600,103
18.7%
Assets/Debt
Total Assets $41,328,874
Total Liabilities $260,838
Net Assets $41,068,036
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Terri Van Antwerp (Ceo) $82,110 $0 $7,882
Gary Hesse (Former Ceo/President) $55,012 $0 $6,337
Kevin Hogan (Board Treasurer) $0 $0 $0
Richard Fiddes (Board Chairperson) $0 $0 $0
Stephen Von Wahlde (Board Director) $0 $0 $0
Brian Richard (Board Director) $0 $0 $0
Polina Ruuge (Board Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,870,562
Expenses
$2,937,346
Net Income
-$66,784
Net Assets
$42,611,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,026,492
70.6%
Investment Income $65,440
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $778,630
27.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $183,204
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $615,879
21.0%
Assets/Debt
Total Assets $42,888,107
Total Liabilities $276,126
Net Assets $42,611,981
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary Hesse (Former Ceo/President) $111,434 $0 $17,934
Terri Van Antwerp (Interim Ceo) $71,770 $0 $4,848
Sheila Shy (Board Director) $0 $0 $0
Richard Fiddes (Board Chairperson) $0 $0 $0
Klaus Ziermaier (Board Vice Chairperson) $0 $0 $0
Tim Worchester (Board Director) $0 $0 $0
Brian Richard (Board Director) $0 $0 $0
Polina Ruuge (Board Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,595,436
Expenses
$2,487,587
Net Income
$107,849
Net Assets
$41,983,884
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,776,393
68.4%
Investment Income $64,969
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $754,074
29.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $107,000
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $720,864
29.0%
Assets/Debt
Total Assets $42,243,609
Total Liabilities $259,725
Net Assets $41,983,884
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary Hesse (President / Ceo) $107,000 $0 $13,025
Sheila Shy (Board Director) $0 $0 $0
Richard Fiddes (Board Chairperson) $0 $0 $0
Klaus Ziermaier (Board Vice Chairperson) $0 $0 $0
Paul Woosley (Board Director) $0 $0 $0
Tim Worchester (Board Director) $0 $0 $0
Brian Richard (Board Director) $0 $0 $0
Polina Ruuge (Board Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,359,203
Expenses
$2,639,738
Net Income
-$280,535
Net Assets
$36,813,899
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,527,334
64.7%
Investment Income $110,676
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $721,193
30.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $822,836
31.2%
Assets/Debt
Total Assets $37,032,713
Total Liabilities $218,814
Net Assets $36,813,899
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary Hesse (President / Ceo) $105,000 $0 $28,000
Sheila Shy (Board Chairperson) $0 $0 $0
Richard Fiddes (Board Secretary) $0 $0 $0
Klaus Ziermaier (Board Vice Chairperson) $0 $0 $0
Steve Lipton (Board Director) $0 $0 $0
Paul Woosley (Board Director) $0 $0 $0
Tim Worchester (Board Director) $0 $0 $0
Brian Richard (Board Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,242,231
Expenses
$2,597,052
Net Income
-$354,821
Net Assets
$39,199,168
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,430,206
63.8%
Investment Income $197,856
8.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $614,169
27.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $103,190
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $721,275
27.8%
Assets/Debt
Total Assets $39,329,572
Total Liabilities $130,404
Net Assets $39,199,168

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,177,090
Expenses
$2,247,619
Net Income
-$70,529
Net Assets
$43,091,032
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,372,319
63.0%
Investment Income $216,648
10.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $588,123
27.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $85,963
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $650,471
28.9%
Assets/Debt
Total Assets $43,179,440
Total Liabilities $88,408
Net Assets $43,091,032
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary Hesse (President / Ceo) $85,693 $0 $0
Sheila Shy (Board Chairperson) $0 $0 $0
Tom Abare (Board Director) $0 $0 $0
Dick Fiddes (Board Secretary) $0 $0 $0
Rick Jansing (Board Vice Chairperson) $0 $0 $0
Sylvia Adkins (Board Director) $0 $0 $0
Klaus Ziermaier (Board Director) $0 $0 $0
Carl Goertemoeller (Board Director) $0 $0 $0
Steve Lipton (Board Director) $0 $0 $0
James Mchugh (Board Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,120,035
Expenses
$2,066,288
Net Income
$53,747
Net Assets
$4,039,772
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,879,185
88.6%
Investment Income $240,850
11.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $150,206
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $542,954
26.3%
Assets/Debt
Total Assets $38,327,631
Total Liabilities $34,287,859
Net Assets $4,039,772
Compensation
Key Employees and Officers Compensation Related Other
Gary Hesse (Ceo) $83,326 $0 $13,200
Elizabeth Ader (Controller) $42,620 $0 $11,060
Sheila Shy (Chairperson) $0 $0 $0
Richard Jansing (Vice Chairperson) $0 $0 $0
Richard Fiddes (Secretary) $0 $0 $0
Thomas Abare (Director) $0 $0 $0
Carl Goertemoeller (Director) $0 $0 $0
Klaus Ziermaier (Director) $0 $0 $0
Sylvia Williams (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,281,674
Expenses
$2,186,938
Net Income
$94,736
Net Assets
$3,986,025
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,012,499
88.2%
Investment Income $269,175
11.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $130,880
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $593,143
27.1%
Assets/Debt
Total Assets $41,583,216
Total Liabilities $37,597,191
Net Assets $3,986,025

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,519,675
Expenses
$3,335,458
Net Income
-$815,783
Net Assets
$3,891,289
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,216,631
88.0%
Investment Income $265,879
10.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $37,165
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $115,848
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $793,451
23.8%
Assets/Debt
Total Assets $43,641,519
Total Liabilities $39,750,230
Net Assets $3,891,289

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

About This Data

What Is 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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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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