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Waltham Municipal Employees 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Organization summary might be incomplete or out of date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.

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
$20.7k (2020)

Expenses
$707k (2020)

Total Assets
$1 (2020)

Total Liabilities
$0 (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 990-EZ
Revenue
$20,705
Expenses
$706,653
Net Income
-$685,948
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,355
45.2%
Investment Income $11,350
54.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1
Compensation
Key Employees and Officers Compensation Other
Michael J Davis (Treasurer) $48,836 $0
William R Macdonald (Asst Treasurer) $29,362 $0
Barry P Sullivan (Clerkloan Officer) $13,098 $0
Wilfred J Petipas (Chairman) $0 $0
Dennis P Quinn (Director) $0 $0
Stephen P Mahoney (Director) $0 $0
Charlie Bastarache (Director) $0 $0
Jean Mackenzie (Director) $0 $0
John E Cronin Jr (Vice Presendent) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$253,089
Expenses
$204,207
Net Income
$48,882
Net Assets
$1,638,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $113,587
44.9%
Investment Income $138,280
54.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,222
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $85,613
41.9%
Professional Fundraising Fees $0
Other Salaries and Wages $33,505
16.4%
Assets/Debt
Total Assets $8,588,518
Total Liabilities $6,950,224
Net Assets $1,638,294
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael J Davis (Treasurer) $45,079 $0 $0
William R Macdonald (Asst Treasurer) $27,103 $0 $0
Barry P Sullivan (Clerkloan Officer) $13,430 $0 $0
Wilfred J Petipas (Chairman) $0 $0 $0
Dennis Quinn (Director) $0 $0 $0
Stephen P Mahoney (Director) $0 $0 $0
Charlie Bastarache (Director) $0 $0 $0
Jean Mackenzie (Director) $0 $0 $0
John E Cronin (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$234,828
Expenses
$223,501
Net Income
$11,327
Net Assets
$1,589,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $109,209
46.5%
Investment Income $119,887
51.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,732
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,119
37.2%
Professional Fundraising Fees $0
Other Salaries and Wages $32,828
14.7%
Assets/Debt
Total Assets $8,758,650
Total Liabilities $7,169,239
Net Assets $1,589,411
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Davis (Treasurer) $43,766 $0 $0
William Macdonald (Asst Treasurer) $26,314 $0 $0
Barry Sullivan (Clerkloan Officer) $13,039 $0 $0
Wifred Petipas (Chairman) $0 $0 $0
Dennis Quinn (Director) $0 $0 $0
Stephen Mahoney (Director) $0 $0 $0
Charlie Bastarache (Director) $0 $0 $0
Jean Mackenzie (Director) $0 $0 $0
John Cronin (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$208,690
Expenses
$199,693
Net Income
$8,997
Net Assets
$1,578,084
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $108,642
52.1%
Investment Income $100,048
47.9%
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 $80,698
40.4%
Professional Fundraising Fees $0
Other Salaries and Wages $31,292
15.7%
Assets/Debt
Total Assets $8,674,925
Total Liabilities $7,096,841
Net Assets $1,578,084
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Davis (Treasurer) $42,492 $0 $0
William Macdonald (Asst Treasurer) $25,547 $0 $0
Barry Sullivan (Clerkloan Officer) $12,659 $0 $0
Wifred Petipas (Chairman) $0 $0 $0
John Cronin (Vice Chairman) $0 $0 $0
Dennis Quinn (Director) $0 $0 $0
Stephen Mahoney (Director) $0 $0 $0
Charlie Bastarache (Director) $0 $0 $0
Jean Mackenzie (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$188,420
Expenses
$193,824
Net Income
-$5,404
Net Assets
$1,569,087
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $104,990
55.7%
Investment Income $83,430
44.3%
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 $78,348
40.4%
Professional Fundraising Fees $0
Other Salaries and Wages $32,153
16.6%
Assets/Debt
Total Assets $9,127,477
Total Liabilities $7,558,390
Net Assets $1,569,087
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael J Davis (Treasurer) $41,254 $0 $0
Willaim R Macdonald (Asst Treasurer) $24,803 $0 $0
Barry P Sullivan (Clerkloan Officer) $12,290 $0 $0
Wilfred Petipas (Chairman) $0 $0 $0
Stephen P Mahoney (Director) $0 $0 $0
Dennis P Quinn (Director) $0 $0 $0
John E Cronin (Vice Chairman) $0 $0 $0
Donald Russo (Director) $0 $0 $0
Charlie Bastarache (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$176,200
Expenses
$180,252
Net Income
-$4,052
Net Assets
$1,574,490
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $109,249
62.0%
Investment Income $66,951
38.0%
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 $70,575
39.2%
Professional Fundraising Fees $0
Other Salaries and Wages $29,954
16.6%
Assets/Debt
Total Assets $8,737,579
Total Liabilities $7,163,089
Net Assets $1,574,490
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Davis (Treasurer) $40,052 $0 $4,328
William R Macdonald (Asst. Treasurer) $18,589 $0 $323
Barry P Sullivan (Clerk Loan Officer) $11,932 $0 $323
Wilfred Petipas (Chairman) $0 $0 $323
Stephen P Mahoney (Director) $0 $0 $323
Dennis P Quinn (Director) $0 $0 $323
John E Cronin (Director) $0 $0 $323
Donald Russo (Director) $0 $0 $323
Charlie Bastarache (Director) $0 $0 $458

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$163,746
Expenses
$184,922
Net Income
-$21,176
Net Assets
$1,578,542
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $109,297
66.7%
Investment Income $54,449
33.3%
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 $69,271
37.5%
Professional Fundraising Fees $0
Other Salaries and Wages $28,416
15.4%
Assets/Debt
Total Assets $8,085,534
Total Liabilities $6,506,992
Net Assets $1,578,542
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Davis (Treasurer) $38,886 $0 $4,212
William Macdonald (Asst. Treasurer) $18,800 $0 $323
Barry Sullivan (Clerk Loan Officer) $11,585 $0 $323
Wilfred Petipas (Chairman) $0 $0 $323
John Cronin (Vice Chairman) $0 $0 $323
Stephen Mahoney (Director) $0 $0 $323
Dennis Quinn (Director) $0 $0 $323
Donald Russo (Director) $0 $0 $323
Charlie Bastarache (Director) $0 $0 $161

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$160,104
Expenses
$190,542
Net Income
-$30,438
Net Assets
$1,599,718
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $113,340
70.8%
Investment Income $46,764
29.2%
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 $71,270
37.4%
Professional Fundraising Fees $0
Other Salaries and Wages $27,671
14.5%
Assets/Debt
Total Assets $8,308,965
Total Liabilities $6,709,247
Net Assets $1,599,718
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Davis (Treasurer) $38,886 $0 $4,535
William Macdonald (Asst Treasurer) $20,800 $0 $323
Barry Sullivan (Clerk) $11,585 $0 $323
Wilfred Petipas (Chairman) $0 $0 $323
John Cronon (Vice President) $0 $0 $323
Stephen Mahoney (Director) $0 $0 $323
Dennis Quinn (Director) $0 $0 $323
Ellen Foley (Director) $0 $0 $323
Donald Russo (Director) $0 $0 $323

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$175,703
Expenses
$207,957
Net Income
-$32,254
Net Assets
$1,625,865
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $125,139
71.2%
Investment Income $50,564
28.8%
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 $72,380
34.8%
Professional Fundraising Fees $0
Other Salaries and Wages $25,606
12.3%
Assets/Debt
Total Assets $8,170,176
Total Liabilities $6,544,311
Net Assets $1,625,865

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$191,522
Expenses
$221,888
Net Income
-$30,366
Net Assets
$1,658,119
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $126,830
66.2%
Investment Income $64,692
33.8%
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 $70,272
31.7%
Professional Fundraising Fees $0
Other Salaries and Wages $24,540
11.1%
Assets/Debt
Total Assets $7,919,309
Total Liabilities $6,261,190
Net Assets $1,658,119

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

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.
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  • 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.
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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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