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Brainerd B N Credit Union

Organization summary

Type of Nonprofit

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

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$4.5M (2023)

Expenses
$3.52M (2023)

Total Assets
$103M (2023)

Total Liabilities
$91.7M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,499,777
Expenses
$3,517,290
Net Income
$982,487
Net Assets
$11,753,731
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,534,131
56.3%
Investment Income $1,963,066
43.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,580
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $432,028
12.3%
Professional Fundraising Fees $0
Other Salaries and Wages $513,154
14.6%
Assets/Debt
Total Assets $103,465,347
Total Liabilities $91,711,616
Net Assets $11,753,731
Compensation
Key Employees and Officers Compensation Related Other
David Larson (Chief Fin'l) $126,132 $0 $27,063
Kaycie Hofmann (Treasurer) $111,200 $0 $20,039
Cindy Stunek (Asst. Treas.) $81,862 $0 $38,426
Crystal Bahma (Asst. Treas.) $66,606 $0 $32,003
Jessie Lecy (Exec. Secr.) $41,190 $0 $33,077
Lois Bourassa (Director) $975 $0 $0
Rhonda Sandell (Director) $963 $0 $0
Kelly Brown (Dir V. Chair) $919 $0 $0
Stacy Caughey (Director) $906 $0 $0
Brenda Whirley (Director) $731 $0 $0
Andrew Larson (Dir Chairman) $275 $0 $0
Jennifer Kiffmeyer (Director) $269 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,826,059
Expenses
$2,327,280
Net Income
$498,779
Net Assets
$10,752,451
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,233,068
79.0%
Investment Income $489,180
17.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $103,811
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $335,420
14.4%
Professional Fundraising Fees $0
Other Salaries and Wages $481,596
20.7%
Assets/Debt
Total Assets $97,066,978
Total Liabilities $86,314,527
Net Assets $10,752,451
Compensation
Key Employees and Officers Compensation Related Other
David Larson (Chief Fin'l) $113,854 $0 $26,163
Kaycie Mogensen (Treasurer) $102,027 $0 $13,554
Cindy Stunek (Asst. Treas.) $72,843 $0 $32,406
Crystal Bahma (Asst. Treas.) $26,121 $0 $10,355
Jessie Lecy (Exec. Secr.) $15,010 $0 $2,930
Lois Bourassa (Director) $1,080 $0 $0
Kelly Brown (Dir V. Chair) $1,052 $0 $0
Stacy Caughey (Director) $1,020 $0 $0
Rhonda Sandell (Director) $1,005 $0 $0
Brenda Whirley (Director) $710 $0 $0
Andrew Larson (Dir Chairman) $535 $0 $0
Jennifer Kiffmeyer (Director) $163 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,872,699
Expenses
$2,192,654
Net Income
$680,045
Net Assets
$10,253,672
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,294,995
79.9%
Investment Income $157,215
5.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $420,489
14.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $379,451
17.3%
Professional Fundraising Fees $0
Other Salaries and Wages $438,349
20.0%
Assets/Debt
Total Assets $95,654,277
Total Liabilities $85,400,605
Net Assets $10,253,672
Compensation
Key Employees and Officers Compensation Related Other
David Larson (Chief Fin'l) $105,793 $0 $22,142
Kaycie Mogensen (Treasurer) $98,472 $0 $11,743
Cindy Stunek (Asst. Treas.) $69,594 $0 $28,547
Judy Jourdan (Asst. Treas.) $65,054 $0 $30,408
Tricia Engholm (Exec. Secr.) $36,938 $0 $4,743
Rhonda Sandell (Director) $810 $0 $0
Stacy Caughey (Director) $800 $0 $0
Kelly Brown (Dir V. Chair) $740 $0 $0
Lois Bourassa (Director) $680 $0 $0
Jennifer Kiffmeyer (Director) $340 $0 $0
Ronald Opheim (Director) $230 $0 $0
Andrew Larson (Dir Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,855,252
Expenses
$2,557,073
Net Income
$298,179
Net Assets
$9,573,627
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,363,166
82.8%
Investment Income $468,597
16.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $23,489
0.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $385,156
15.1%
Professional Fundraising Fees $0
Other Salaries and Wages $430,496
16.8%
Assets/Debt
Total Assets $88,532,681
Total Liabilities $78,959,054
Net Assets $9,573,627
Compensation
Key Employees and Officers Compensation Related Other
David Larson (Chief Fin'l) $106,188 $0 $33,217
Kaycie Mogensen (Treasurer) $97,147 $0 $11,806
Judy Jourdan (Asst. Treas.) $67,311 $0 $30,634
Cindy Stunek (Asst. Treas.) $61,909 $0 $23,846
Donna Engholm (Exec. Secr.) $49,101 $0 $19,791
Stacy Caughey (Director) $760 $0 $0
Rhonda Sandell (Director) $750 $0 $0
Kelly Brown (Dir V. Chair) $680 $0 $0
Lois Bourassa (Director) $590 $0 $0
Jennifer Kiffmeyer (Director) $440 $0 $0
Ronald Opheim (Director) $280 $0 $0
Andrew Larson (Dir Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,030,553
Expenses
$2,654,407
Net Income
$376,146
Net Assets
$9,275,448
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,351,673
77.6%
Investment Income $678,880
22.4%
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 $357,991
13.5%
Professional Fundraising Fees $0
Other Salaries and Wages $450,362
17.0%
Assets/Debt
Total Assets $80,108,144
Total Liabilities $70,832,696
Net Assets $9,275,448
Compensation
Key Employees and Officers Compensation Related Other
David Larson (Chief Fin'l) $97,412 $0 $33,141
Kaycie Mogensen (Treasurer) $77,264 $0 $11,305
Connie Tisdell (Asst. Treas.) $72,784 $0 $21,098
Judy Jourdan (Asst. Treas.) $62,355 $0 $29,186
Donna Engholm (Exec. Secr.) $44,673 $0 $20,429
Kelly Brown (Dir V. Chair) $842 $0 $0
Stacy Caughey (Director) $812 $0 $0
Andrew Larson (Dir Chairman) $482 $0 $0
James Bourassa (Director) $462 $0 $0
Rhonda Sandell (Director) $350 $0 $0
Jennifer Kiffmeyer (Director) $295 $0 $0
Ronald Opheim (Director) $260 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,745,241
Expenses
$2,302,573
Net Income
$442,668
Net Assets
$8,899,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,254,768
82.1%
Investment Income $482,220
17.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,253
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $427,681
18.6%
Professional Fundraising Fees $0
Other Salaries and Wages $353,194
15.3%
Assets/Debt
Total Assets $74,758,804
Total Liabilities $65,859,502
Net Assets $8,899,302
Compensation
Key Employees and Officers Compensation Related Other
Mark Prince (Treasurer) $124,443 $0 $38,501
David Larson (Chief Fin'l) $91,834 $0 $30,450
Connie Tisdell (Asst. Treas.) $61,196 $0 $18,737
Judy Jourdan (Asst. Treas.) $55,793 $0 $26,808
Kaycie Mogensen (Asst. Tres.) $47,669 $0 $8,917
Donna Engholm (Exec. Secr.) $42,310 $0 $18,934
Michael Schuety (Director) $941 $0 $0
Kelly Brown (Dir V. Chair) $820 $0 $0
Bruce Segler (Director) $755 $0 $0
Andrew Larson (Dir Chairman) $671 $0 $0
James Bourassa (Director) $513 $0 $0
Ronald Opheim (Director) $373 $0 $0
Jennifer Kiffmeyer (Director) $363 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,406,161
Expenses
$2,070,108
Net Income
$336,053
Net Assets
$8,456,634
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,085,371
86.7%
Investment Income $320,790
13.3%
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 $408,131
19.7%
Professional Fundraising Fees $0
Other Salaries and Wages $337,595
16.3%
Assets/Debt
Total Assets $73,963,841
Total Liabilities $65,507,207
Net Assets $8,456,634
Compensation
Key Employees and Officers Compensation Related Other
Mark Prince (Treasurer) $123,618 $0 $35,351
David Larson (Chief Fin'l) $88,811 $0 $28,169
Jill Allord (Asst. Treas.) $58,943 $0 $21,682
Judy Jourdan (Asst. Treas.) $53,156 $0 $24,301
Donna Engholm (Exec. Secr.) $41,612 $0 $16,864
Kaycie Mogensen (Asst. Tres.) $37,804 $0 $7,457
Michael Schuety (Director) $848 $0 $0
Kelly Brown (Dir V. Chair) $801 $0 $0
Bruce Segler (Director) $680 $0 $0
Andrew Larson (Dir Chairman) $638 $0 $0
James Bourassa (Director) $531 $0 $0
Ronald Opheim (Director) $419 $0 $0
Jennifer Kiffmeyer (Director) $270 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,340,208
Expenses
$2,088,574
Net Income
$251,634
Net Assets
$8,120,581
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,027,570
86.6%
Investment Income $252,774
10.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $59,864
2.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $352,033
16.9%
Professional Fundraising Fees $0
Other Salaries and Wages $357,612
17.1%
Assets/Debt
Total Assets $73,182,717
Total Liabilities $65,062,136
Net Assets $8,120,581
Compensation
Key Employees and Officers Compensation Related Other
Mark Prince (Treasurer) $118,389 $0 $33,020
David Larson (Chief Fin'l) $85,021 $0 $25,309
Jill Allord (Asst. Treas.) $52,898 $0 $21,908
Judy Jourdan (Asst. Treas.) $50,453 $0 $25,947
Donna Engholm (Exec. Secr.) $40,183 $0 $14,838
Michael Schuety (Director) $1,035 $0 $0
Kelly Brown (Director) $988 $0 $0
Bruce Segler (Director) $820 $0 $0
Andrew Larson (Dir Chairman) $755 $0 $0
David Hermerding (Dir V. Chair) $615 $0 $0
James Bourassa (Director) $438 $0 $0
Ronald Opheim (Director) $438 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,185,343
Expenses
$1,977,700
Net Income
$207,643
Net Assets
$7,868,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,000,105
91.5%
Investment Income $185,238
8.5%
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 $345,112
17.5%
Professional Fundraising Fees $0
Other Salaries and Wages $343,642
17.4%
Assets/Debt
Total Assets $69,247,310
Total Liabilities $61,378,363
Net Assets $7,868,947
Compensation
Key Employees and Officers Compensation Related Other
Mark Prince (Treasurer) $118,949 $0 $75,996
David Larson (Chief Fin'l) $81,860 $0 $24,558
Jill Allord (Asst. Treas.) $50,495 $0 $20,385
Judy Jourdan (Asst. Treas.) $49,729 $0 $23,444
Donna Engholm (Exec. Secr.) $39,384 $0 $13,830
Michael Schuety (Director) $1,137 $0 $0
Bruce Segler (Director) $867 $0 $0
David Hermerding (Dir V. Chair) $606 $0 $0
Kelly Brown (Director) $606 $0 $0
Andrew Larson (Dir Chairman) $522 $0 $0
James Bourassa (Director) $491 $0 $0
Ronald Opheim (Director) $466 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,153,096
Expenses
$1,916,727
Net Income
$236,369
Net Assets
$7,661,304
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,988,380
92.3%
Investment Income $164,716
7.7%
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 $320,886
16.7%
Professional Fundraising Fees $0
Other Salaries and Wages $356,763
18.6%
Assets/Debt
Total Assets $64,593,027
Total Liabilities $56,931,723
Net Assets $7,661,304
Compensation
Key Employees and Officers Compensation Related Other
Mark Prince (Treasurer) $114,021 $0 $72,212
David Larson (Asst. Treas.) $76,766 $0 $23,241
Judy Jourdan (Asst. Treas.) $46,214 $0 $21,117
Jill Allord (Asst. Treas.) $41,202 $0 $19,281
Donna Engholm (Exec. Secr.) $38,248 $0 $12,661
Michael Schuety (Director) $1,072 $0 $0
Stephen Lockwood (Director) $885 $0 $0
Bruce Segler (Director) $885 $0 $0
David Hermerding (Dir V. Chair) $531 $0 $0
Ronald Opheim (Director) $363 $0 $0
Andrew Larson (Dir Chairman) $354 $0 $0
James Bourassa (Director) $345 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,152,206
Expenses
$1,994,094
Net Income
$158,112
Net Assets
$7,424,935
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,987,530
92.3%
Investment Income $164,676
7.7%
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 $332,605
16.7%
Professional Fundraising Fees $0
Other Salaries and Wages $361,921
18.1%
Assets/Debt
Total Assets $63,160,597
Total Liabilities $55,735,662
Net Assets $7,424,935
Compensation
Key Employees and Officers Compensation Related Other
Mark Prince (Treasurer) $113,421 $0 $70,084
David Larson (Asst. Treas.) $76,118 $0 $20,451
Bonnie Billman (Asst. Treas.) $56,585 $0 $22,114
Judy Jourdan (Asst. Treas.) $44,373 $0 $19,638
Donna Engholm (Exec. Secr.) $37,234 $0 $12,047
Michael Schuety (Director) $1,136 $0 $0
Bruce Segler (Director) $895 $0 $0
Stephen Lockwood (Director) $765 $0 $0
Andrew Larson (Dir Chairman) $601 $0 $0
David Hermerding (Dir V. Chair) $526 $0 $0
James Bourassa (Director) $492 $0 $0
Ronald Opheim (Director) $459 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,234,562
Expenses
$2,044,455
Net Income
$190,107
Net Assets
$7,266,823
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,053,282
91.9%
Investment Income $181,280
8.1%
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 $322,921
15.8%
Professional Fundraising Fees $0
Other Salaries and Wages $344,831
16.9%
Assets/Debt
Total Assets $62,016,236
Total Liabilities $54,749,413
Net Assets $7,266,823

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,345,370
Expenses
$2,265,499
Net Income
$79,871
Net Assets
$7,076,716
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,074,252
88.4%
Investment Income $271,118
11.6%
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 $308,416
13.6%
Professional Fundraising Fees $0
Other Salaries and Wages $341,788
15.1%
Assets/Debt
Total Assets $60,259,904
Total Liabilities $53,183,188
Net Assets $7,076,716

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

Fiscal Year Ending Dec.
2006

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.
2005

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.
2004

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.

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 »

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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.

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