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Ithink Financial Credit Union

  • Delray Beach, FL
  • Tax-exempt since Sept. 2016
  • EIN: 59-1286880

Organization summary

Type of Nonprofit

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

Category: Public, Society Benefit — Multipurpose and Other / Credit Unions (NTEE)

Donations to this organization are not tax deductible.

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
$86.4M (2022)

Expenses
$67.2M (2022)

Total Assets
$2.18B (2022)

Total Liabilities
$2.03B (2022)

Years with missing data
Source: Form 990 tax filings from 2015 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
$86,426,438
Expenses
$67,193,462
Net Income
$19,232,976
Net Assets
$149,764,710
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $81,246,392
94.0%
Investment Income $3,482,711
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,697,335
2.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,343,664
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $24,948,351
37.1%
Assets/Debt
Total Assets $2,178,700,861
Total Liabilities $2,028,936,151
Net Assets $149,764,710
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Miller (President/Ceo) $952,768 $0 $146,240
Jeffrey Kolhagen (Cfo) $301,596 $0 $77,911
Mark Skinner (Clo) $289,986 $0 $63,594
Nicole Heffelfinger (Cro) $271,638 $0 $45,895
David Lyons (Cao) $263,838 $0 $28,986
Edison Cervantes (Cto) $263,838 $0 $28,894
Anthony Furino (Avp Of Commercial Lending) $165,796 $0 $34,148
Diana Crull (Director Of Finance) $161,315 $0 $20,790
Carol Foxwell (Avp Of Project Management) $146,449 $0 $20,697
Bradley Stewart (Avp Of Risk Management) $144,315 $0 $36,031
Stephen Johnson (Avp Administration & Marketing) $131,815 $0 $33,165
Juana Krause (Vice Chairperson) $11,052 $0 $0
Marie Mascaro (Director) $8,263 $0 $0
Michael W Townsend (Chairperson) $5,477 $0 $0
Donald L Lee (Director) $4,164 $0 $0
Johnny Bennett (Director) $2,070 $0 $0
Brad J Debauche (Director) $2,008 $0 $0
Peter Blacklock (Director) $1,684 $0 $0
Stephanie M Forster (Secretary) $162 $0 $0
Thomas E Brawley (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 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
$78,735,447
Expenses
$61,171,316
Net Income
$17,564,131
Net Assets
$149,763,346
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,395,185
93.2%
Investment Income $1,619,771
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,720,491
4.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,015,694
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $22,467,965
36.7%
Assets/Debt
Total Assets $1,871,522,123
Total Liabilities $1,721,758,777
Net Assets $149,763,346
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Miller (President/Ceo) $836,425 $0 $136,401
Benjamin Maffett (Sba & Commercial Sales Mgr) $525,023 $0 $27,721
Jeffrey Kolhagen (Cfo) $257,596 $0 $73,143
Mark Skinner (Clo) $242,533 $0 $56,639
Christopher Russell Thru 123121 (Vp Business Lending) $241,858 $0 $32,701
Nicole Heffelfinger (Cro) $226,380 $0 $43,165
Edison Cervantes (Cto) $226,380 $0 $27,917
David Lyons (Cao) $226,380 $0 $27,411
Nicholas Vigil (It Systems Analyst) $172,752 $0 $30,167
Anthony Furino (Avp Of Commercial Lending) $155,000 $0 $30,370
Diana Crull (Director Of Finance) $154,500 $0 $24,687
Michael W Townsend (Chairperson) $3,472 $0 $0
Donald L Lee (Director) $2,847 $0 $0
Juana Krause (Director) $2,191 $0 $0
Marie Mascaro Start 102021 (Director) $1,715 $0 $0
Brad J Debauche (Director) $1,094 $0 $0
James M Dorman Thru 80921 (Director) $900 $0 $0
Johnny Bennett (Director) $0 $0 $0
Stephanie M Forster (Secretary) $0 $0 $0
Peter Blacklock (Director) $0 $0 $0
Thomas E Brawley (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 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
$83,061,032
Expenses
$71,355,061
Net Income
$11,705,971
Net Assets
$131,442,005
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $74,626,235
89.8%
Investment Income $2,061,737
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,373,060
7.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,025,784
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $22,123,139
31.0%
Assets/Debt
Total Assets $1,712,161,633
Total Liabilities $1,580,719,628
Net Assets $131,442,005
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Miller (President/Ceo) $633,637 $0 $118,407
Jeffrey Kolhagen (Cfo) $391,609 $0 $90,152
Mark Skinner (Clo) $327,472 $0 $76,397
Christopher Russell (Vp Business Lending) $249,309 $0 $36,375
Nicole Heffelfinger (Cro) $238,838 $0 $45,360
David Lyons (Cao) $217,114 $0 $40,012
Edison Cervantes (Cto) $217,114 $0 $27,796
Laura Hetherington (Vp Lending (End 7/31/20)) $196,028 $0 $4,418
Diana Crull (Director Of Finance) $158,340 $0 $32,111
Kimberley Burns Donnell (Director Of Member Bus Lending) $141,923 $0 $19,831
Carol Foxwell (Avp Project Management) $124,879 $0 $19,341
James M Dorman (Treasurer) $10,800 $0 $0
Michael W Townsend (Chairperson) $2,847 $0 $0
Brad J Debauche (Director) $460 $0 $0
Donald L Lee (Director) $0 $0 $0
Johnny Bennett (Director) $0 $0 $0
Stephanie M Forster (Secretary) $0 $0 $0
Peter Blacklock (Director) $0 $0 $0
Thomas E Brawley (Director) $0 $0 $0
Juana Krause (Vice Chairperson) $0 $0 $0
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Document Links

990
Filed on Nov. 16, 2021

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

View Filing
PDF 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
$60,890,654
Expenses
$50,168,360
Net Income
$10,722,294
Net Assets
$106,734,383
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,927,157
93.5%
Investment Income $3,147,766
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $815,731
1.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,236,993
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $15,634,542
31.2%
Assets/Debt
Total Assets $1,132,677,018
Total Liabilities $1,025,942,635
Net Assets $106,734,383
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Miller (President/Ceo) $855,631 $0 $132,096
Mark Skinner (Avp Real Estate & Comm Lending) $194,054 $0 $46,231
Jeffrey Kolhagen (Cfo) $191,702 $0 $57,564
David Lyons (Vp Hr & Marketing) $190,828 $0 $10,006
Laura Hetherington (Vp Lending) $186,567 $0 $6,395
Nicole Heffelfinger (Vp Of Operations) $178,262 $0 $11,302
Edison Cervantes (Vp Information Technology) $174,387 $0 $5,907
James M Dorman (Treasurer) $10,300 $0 $0
Peter Blacklock (Director) $3,121 $0 $0
Juana Krause (Vice Chairperson) $3,055 $0 $0
Michael W Townsend (Chairperson) $2,700 $0 $0
Brad J Debauche (Director) $2,658 $0 $0
Donald L Lee (Director) $2,360 $0 $0
Stephanie M Forster (Secretary) $2,146 $0 $0
Johnny Bennett (Director) $0 $0 $0
Thomas E Brawley (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 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
$52,976,687
Expenses
$44,164,118
Net Income
$8,812,569
Net Assets
$98,846,547
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $46,283,719
87.4%
Investment Income $2,740,314
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,373,947
2.6%
Net Inventory Sales $0
Other Revenue $2,578,707
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $728,453
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $14,966,645
33.9%
Assets/Debt
Total Assets $1,079,137,224
Total Liabilities $980,290,677
Net Assets $98,846,547
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Miller (President/Ceo) $517,074 $0 $24,909
Patricia Munro (Evp Retail Operations) $246,204 $0 $20,173
Mark Skinner (Avp Real Estate & Commerci) $178,166 $0 $12,908
Laura Hetherington (Vp Lending) $170,984 $0 $9,726
David Lyons (Vp Hr & Marketing) $169,500 $0 $22,933
Jeffrey Kolhagen (Vp Finance) $163,088 $0 $7,097
Edison Cervantes (Vp Information) $156,611 $0 $14,406
James M Dorman (Treasurer) $10,200 $0 $0
Michael W Townsend (Chairperson) $2,699 $0 $0
Donald L Lee (Director) $1,883 $0 $0
Johnny Bennett (V. Chairperson) $1,503 $0 $0
Brad J Debauche (Director) $0 $0 $0
Stephanie M Stevens (Secretary) $0 $0 $0
Peter Blacklock (Director) $0 $0 $0
Thomas E Brawley (Director) $0 $0 $0
Juana Krause (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 26, 2018

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

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,334,055
Expenses
$37,097,058
Net Income
$8,236,997
Net Assets
$90,758,970
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,332,153
77.9%
Investment Income $2,711,621
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $112,161
0.2%
Net Inventory Sales $0
Other Revenue $7,178,120
15.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $615,179
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $13,532,120
36.5%
Assets/Debt
Total Assets $940,271,063
Total Liabilities $849,512,093
Net Assets $90,758,970
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Miller (President/Ceo) $415,139 $0 $26,175
John Zells (Evp Chief Marketing Office) $279,075 $0 $22,368
Patricia Munro (Evp Retail Operations) $195,408 $0 $17,502
David Lyons (Vp Hr & Marketing) $161,367 $0 $21,741
Laura Hetherington (Vp Lending) $159,724 $0 $22,263
Mark Skinner (Avp Real Estate & Commercial Lending) $153,779 $0 $11,187
Jeffrey Kolhagen (Vp Finance) $144,318 $0 $6,346
James M Dorman (Treasurer) $9,500 $0 $0
Michael W Townsend (Chairperson) $6,343 $0 $0
Donald L Lee (Director) $2,620 $0 $0
Juana Krause (Director) $2,284 $0 $0
Peter Blacklock (Director) $1,286 $0 $0
Thomas E Brawley (Director) $1,168 $0 $0
Johnny Bennett (V. Chairperson) $0 $0 $0
Brad J Debauche (Director) $0 $0 $0
Stephanie M Stevens (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 20, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,271,522
Expenses
$16,530,493
Net Income
$5,741,029
Net Assets
$83,772,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,065,470
85.6%
Investment Income $1,477,029
6.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,530
0.2%
Net Inventory Sales $0
Other Revenue $1,694,493
7.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $264,601
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $6,161,931
37.3%
Assets/Debt
Total Assets $892,481,354
Total Liabilities $808,709,303
Net Assets $83,772,051
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Miller (President/Ceo) $178,544 $0 $11,929
John Zells (Evp Chief Marketing Officer) $112,621 $0 $10,081
Jeffrey Kolhagen (Vp Finance) $61,330 $0 $1,347
James M Dorman (Treasurer) $4,585 $0 $0
Michael W Townsend (Chairperson) $4,167 $0 $0
Brad J Debauche (Director) $1,211 $0 $0
Johnny Bennett (V. Chairperson) $793 $0 $0
Donald L Lee (Director) $695 $0 $0
Stephanie M Stevens (Secretary) $0 $0 $0
Peter Blacklock (Director) $0 $0 $0
Thomas E Brawley (Director) $0 $0 $0
Juana Krause (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 2, 2016

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

View Filing
PDF XML

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.

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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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