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Southpoint Financial Credit Union

  • Sleepy Eye, MN
  • EIN: 41-0518425

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Organization summary might be incomplete or out of date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
$21.3M (2022)

Expenses
$18.1M (2022)

Total Assets
$533M (2022)

Total Liabilities
$480M (2022)

Years with missing data
Source: Form 990 tax filings from 2016 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
$21,293,740
Expenses
$18,078,756
Net Income
$3,214,984
Net Assets
$52,706,505
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,121,281
94.5%
Investment Income $1,370,371
6.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$197,912
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $801,758
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $5,124,238
28.3%
Assets/Debt
Total Assets $533,091,091
Total Liabilities $480,384,586
Net Assets $52,706,505
Compensation
Key Employees and Officers Compensation Related Other
Jay Gostonczik (Ceo) $225,453 $0 $30,740
Patrice Gohl (Chief Operations Officer) $165,863 $0 $9,810
Troy Diedrich (Chief Experience Officer) $154,298 $0 $8,930
Al Peterson (Cfo) $154,187 $0 $16,726
Adam Seifert (Director) $8,148 $0 $0
Robert Weiss (Director) $5,154 $0 $0
Jerry Forster (Director) $4,822 $0 $0
Mike Krueger (Vice Chairman) $4,490 $0 $0
Charles Gravelle (Director) $4,375 $0 $0
Matthew Lux (Chairman) $3,363 $0 $0
Mark Bruggeman (Director) $2,711 $0 $0
Scott Suprenant (Director) $1,788 $0 $0
Jeffrey Ibberson (Director (Thru Q3 2022)) $900 $0 $0
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Document Links

990
Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,366,397
Expenses
$16,850,522
Net Income
$4,515,875
Net Assets
$55,057,201
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,927,736
97.9%
Investment Income $440,653
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,992
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $681,531
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $5,044,880
29.9%
Assets/Debt
Total Assets $509,297,128
Total Liabilities $454,239,927
Net Assets $55,057,201
Compensation
Key Employees and Officers Compensation Related Other
Jay Gostonczik (Ceo) $192,434 $0 $26,726
Patrice Gohl (Chief Operations Officer) $157,545 $0 $9,342
Al Peterson (Cfo) $134,151 $0 $14,069
Troy Diedrich (Chief Experience Officer) $131,707 $0 $7,799
Matthew Lux (Chairman) $2,138 $0 $0
Scott Suprenant (Director) $1,525 $0 $0
Jeffrey Ibberson (Secretary/Treasurer) $1,450 $0 $0
Mike Krueger (Vice Chairman) $1,192 $0 $0
Jerry Forster (Director) $483 $0 $0
Robert Weiss (Director) $438 $0 $0
Mark Bruggeman (Director) $394 $0 $0
Charles Gravelle (Director) $138 $0 $0
Adam Seifert (Director) $0 $0 $0
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Document Links

990
Filed on Sept. 30, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,893,636
Expenses
$18,431,945
Net Income
$2,461,691
Net Assets
$51,225,413
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,556,785
98.4%
Investment Income $351,442
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$14,591
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $593,142
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $432,718,666
Total Liabilities $381,493,253
Net Assets $51,225,413
Compensation
Key Employees and Officers Compensation Related Other
Jay Gostonczik (Ceo) $181,690 $0 $24,502
Patrice Gohl (Chief Operations Officer) $149,821 $0 $10,012
Troy Diedrich (Chief Experience Officer) $124,253 $0 $7,430
Al Peterson (Cfo) $80,812 $0 $4,977
Robert Weiss (Director) $1,698 $0 $0
Mike Krueger (Vice Chairman) $1,596 $0 $0
Matthew Lux (Chairman) $1,506 $0 $0
Jeffrey Ibberson (Secretary/Treasurer) $1,177 $0 $0
Scott Suprenant (Director) $1,113 $0 $0
Adam Seifert (Director) $1,067 $0 $0
Mark Bruggeman (Director) $963 $0 $0
Gordon Osmonson (Chairman) $525 $0 $0
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Document Links

990
Filed on Oct. 19, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,496,430
Expenses
$14,735,064
Net Income
$1,761,366
Net Assets
$46,851,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,886,578
96.3%
Investment Income $609,852
3.7%
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 $496,463
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,210,870
28.6%
Assets/Debt
Total Assets $353,734,866
Total Liabilities $306,883,688
Net Assets $46,851,178
Compensation
Key Employees and Officers Compensation Related Other
Richard Nesvold (Ceo) $233,664 $0 $29,155
Patrice Gohl (Vp Operations) $165,803 $0 $18,318
Michael Schmid (Vp Business Services) $158,482 $0 $32,092
Troy Diedrich (Vp Marketing) $141,509 $0 $15,805
Jay Gostonczik (Vp Retail Services) $140,729 $0 $30,430
Gordon Osmonson (Chairman) $900 $0 $0
Scott Suprenant (Director) $900 $0 $0
Matthew Lux (Vice Chairman) $850 $0 $0
Michael Helget (Secretary/Treasurer) $850 $0 $0
Robert Weiss (Director) $850 $0 $0
Jeffrey Ibberson (Director) $700 $0 $0
Mark Bruggeman (Director) $650 $0 $0
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Document Links

990
Filed on Oct. 7, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,222,074
Expenses
$12,919,523
Net Income
$1,302,551
Net Assets
$45,113,612
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,593,502
95.6%
Investment Income $626,394
4.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,178
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $460,325
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,776,880
29.2%
Assets/Debt
Total Assets $334,971,962
Total Liabilities $289,858,350
Net Assets $45,113,612
Compensation
Key Employees and Officers Compensation Related Other
Richard Nesvold (Ceo) $225,434 $0 $73,485
Patrice Gohl (Vp Operations) $138,774 $0 $16,882
Jay Gostonczik (Vp Retail Services) $132,697 $0 $30,024
Michael Schmid (Vp Business Services) $129,692 $0 $30,538
Troy Diedrich (Vp Marketing) $116,566 $0 $15,529
Matthew Lux (Vice Chairman) $850 $0 $0
Michael Helget (Secretary/Treasurer) $850 $0 $0
Scott Suprenant (Director) $850 $0 $0
Gordon Osmonson (Chairman) $800 $0 $0
Robert Weiss (Director) $800 $0 $0
Mark Bruggeman (Director) $800 $0 $0
Jeffrey Ibberson (Director) $800 $0 $0
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Document Links

990
Filed on May 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,698,162
Expenses
$10,810,471
Net Income
$1,887,691
Net Assets
$43,851,183
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,048,393
94.9%
Investment Income $645,191
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,578
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $477,866
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,110,163
28.8%
Assets/Debt
Total Assets $308,277,923
Total Liabilities $264,426,740
Net Assets $43,851,183
Compensation
Key Employees and Officers Compensation Related Other
Richard Nesvold (Ceo) $226,475 $0 $107,739
Michael Schmid (Vp Business Services) $187,660 $0 $28,260
Patrice Gohl (Vp Operations) $123,259 $0 $16,168
Troy Diedrich (Vp Marketing) $112,253 $0 $15,518
Jay Gostonczik (Vp Retail Services) $104,000 $0 $31,671
Gordon Osmonson (Chairman) $625 $0 $0
Robert Weiss (Director) $625 $0 $0
Mark Bruggeman (Director) $625 $0 $0
Scott Suprenant (Director) $625 $0 $0
Jeffrey Ibberson (Director) $625 $0 $0
Matthew Lux (Vice Chairman) $575 $0 $0
Michael Helget (Secretary/Treasurer) $525 $0 $0
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Document Links

990
Filed on Sept. 18, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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.

Which Organizations Are Here?

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 »

Get the Data

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

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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