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First Basin Credit Union

  • Odessa, TX
  • Tax-exempt since June 1976
  • EIN: 75-1084210

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
$18.7M (2022)

Expenses
$15.9M (2022)

Total Assets
$322M (2022)

Total Liabilities
$297M (2022)

Source: Form 990 tax filings from 2011 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
$18,692,893
Expenses
$15,925,435
Net Income
$2,767,458
Net Assets
$25,050,089
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,444,279
88.0%
Investment Income $1,238,965
6.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,009,649
5.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $801,799
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,775,103
30.0%
Assets/Debt
Total Assets $322,243,586
Total Liabilities $297,193,497
Net Assets $25,050,089
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (Chief Executive Officer) $344,219 $0 $51,851
Tim O'reilly (Chief Marketing Officer) $201,600 $0 $30,213
Bradley Stillwell (Chief Operations Officer) $143,175 $0 $5,772
Julia Tarin (Chief Retail Officer) $137,754 $0 $8,515
Ana Gonzalez (Chief Financial Officer) $137,338 $0 $9,778
Doug Sypolt (Chief Lending Officer) $134,573 $0 $17,947
Gary Windham (Board Secretary) $4,800 $0 $0
Samuel Gonzalez (Chaiperson) $4,800 $0 $0
Rebecca Marler (Board Treasurer) $4,800 $0 $0
Cathy Laracuente (Board Member) $4,800 $0 $0
Steve Compton (Board Vice Chairperson) $4,000 $0 $0
Wesley Burnett (Board Member) $3,600 $0 $0
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Document Links

990
Filed on Nov. 9, 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
$15,708,343
Expenses
$14,068,586
Net Income
$1,639,757
Net Assets
$30,267,895
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,097,273
89.7%
Investment Income $489,961
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $545,709
3.5%
Net Inventory Sales $0
Other Revenue $575,400
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $785,745
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,270,547
30.4%
Assets/Debt
Total Assets $306,636,605
Total Liabilities $276,368,710
Net Assets $30,267,895
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (Chief Executive Officer) $327,191 $0 $65,826
Tim O'reilly (Chief Marketing Officer) $183,897 $0 $45,042
Bradley Stillwell (Chief Operations Officer) $140,130 $0 $6,797
Julia Tarin (Chief Retail Officer) $128,562 $0 $1,645
Ana Gonzalez (Chief Financial Officer) $128,087 $0 $9,302
Doug Sypolt (Chief Lending Officer) $123,224 $0 $20,771
Samuel Gonzalez (Chaiperson) $4,800 $0 $0
Cathy Laracuente (Board Treasurer) $4,800 $0 $0
Gary Windham (Board Secretary/Treasurer) $4,400 $0 $0
Rebecca Marler (Board Member) $4,400 $0 $0
Wesley Burnett (Board Member) $4,000 $0 $0
Steve Compton (Board Vice Chairperson) $4,000 $0 $0
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Document Links

990
Filed on Nov. 2, 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
$14,304,352
Expenses
$13,233,617
Net Income
$1,070,735
Net Assets
$29,386,638
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,592,882
95.0%
Investment Income $286,870
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $424,600
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $791,870
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,989,730
30.1%
Assets/Debt
Total Assets $291,617,955
Total Liabilities $262,231,317
Net Assets $29,386,638
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (Chief Executive Officer) $374,279 $0 $26,053
Tim O'reilly (Chief Marketing Officer) $204,398 $0 $24,605
Doug Sypolt (Chief Lending Officer) $152,203 $0 $9,154
Bradley Stillwell (Chief Operations Officer) $134,547 $0 $15,004
Julia Tarin (Chief Retail Officer) $128,525 $0 $8,034
Ana Gonzalez (Chief Financial Officer) $127,361 $0 $9,174
Samuel Gonzalez (Chaiperson) $4,800 $0 $0
Gary Windham (Board Secretary/Treasurer) $4,800 $0 $0
Rebecca Marler (Board Member) $4,800 $0 $0
Cathy Laracuente (Board Member) $4,800 $0 $0
Wesley Burnett (Board Member) $3,600 $0 $0
Steve Compton (Board Member) $3,200 $0 $0
+ View more people

Document Links

990
Filed on Oct. 21, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,309,580
Expenses
$14,704,205
Net Income
$2,605,375
Net Assets
$28,361,986
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,076,093
87.1%
Investment Income $1,043,219
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,095,036
6.3%
Net Inventory Sales $0
Other Revenue $95,232
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $756,612
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,911,098
26.6%
Assets/Debt
Total Assets $267,217,357
Total Liabilities $238,855,371
Net Assets $28,361,986
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (Chief Executive Officer) $375,776 $0 $25,641
Tim O'reilly (Chief Marketing Officer) $187,908 $0 $28,818
Bradley Stillwell (Chief Operations Officer) $123,582 $0 $13,657
Julia Tarin (Chief Retail Officer) $114,945 $0 $7,074
Ana Gonzalez (Chief Financial Officer) $104,545 $0 $7,524
Samuel Gonzalez (Board Treasurer) $5,200 $0 $0
Gary Windham (Board Secretary) $5,200 $0 $0
Rebecca Marler (Board Member) $5,200 $0 $0
Steve Compton (Board Member) $4,800 $0 $0
Cathy Laracuente (Board Member) $3,200 $0 $0
Julian Beseril (Chairperson) $2,800 $0 $0
+ View more people

Document Links

990
Filed on Nov. 4, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,783,936
Expenses
$14,111,863
Net Income
$2,672,073
Net Assets
$25,710,528
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,199,804
96.5%
Investment Income $264,260
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $224,601
1.3%
Net Inventory Sales $0
Other Revenue $95,271
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $871,647
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,201,164
29.8%
Assets/Debt
Total Assets $260,569,116
Total Liabilities $234,858,588
Net Assets $25,710,528
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (Ceo/Board Member) $346,771 $0 $15,374
John Cody Kidd (Vp Of Lending) $195,944 $0 $10,347
Tim O'reilly (Vp Of Marketing) $171,749 $0 $8,881
Bradley Stillwell (Vp Of It) $127,473 $0 $8,220
Julia Tarin (Vp Of Branch Operations) $106,996 $0 $3,085
Randall Bell (Asst. Vp Lending Real Estate/Commercial) $102,978 $0 $4,009
Ana Gonzalez (Vp Of Accounting) $95,301 $0 $4,080
Samuel Gonzalez (Treasurer) $5,200 $0 $0
Steve Compton (Board Member) $5,200 $0 $0
Rebecca Marler (Board Member) $4,800 $0 $0
Gary Windham (Secretary) $4,400 $0 $0
Julian Beseril (Chairperson) $3,600 $0 $0
+ View more people

Document Links

990
Filed on Sept. 9, 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
$14,406,310
Expenses
$12,286,220
Net Income
$2,120,090
Net Assets
$23,038,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,118,351
98.0%
Investment Income $197,091
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $90,868
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $359,448
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,260,259
34.7%
Assets/Debt
Total Assets $248,258,677
Total Liabilities $225,220,222
Net Assets $23,038,455
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (Ceo/Board Member) $319,731 $0 $12,917
John Cody Kidd (Vp Of Lending) $166,408 $0 $10,725
Tim O'reilly (Vp Of Marketing) $151,690 $0 $8,438
Bradley Stillwell (Vp Of It) $112,515 $0 $7,954
Julia Tarin (Vp Of Branch Operations) $101,649 $0 $348
Julian Beseril (Chairperson) $5,600 $0 $0
Samuel Gonzalez (Treasurer) $5,600 $0 $0
Gary Windham (Secretary) $5,200 $0 $0
Rebecca Marler (Board Member) $5,200 $0 $0
Steve Compton (Board Member) $5,200 $0 $0
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990
Filed on June 26, 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
$11,811,289
Expenses
$10,700,389
Net Income
$1,110,900
Net Assets
$20,900,865
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,477,953
97.2%
Investment Income $241,682
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $91,654
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $406,437
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,788,152
35.4%
Assets/Debt
Total Assets $203,527,316
Total Liabilities $182,626,451
Net Assets $20,900,865
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (Ceo/Board Member) $326,819 $0 $55,218
John Cody Kidd (Vp Of Lending) $144,120 $0 $25,492
Tim O'reilly (Vp Of Marketing) $128,066 $0 $16,871
Julian Beseril (Chairperson) $5,200 $0 $0
Samuel Gonzalez (Vice Chairperson) $5,200 $0 $0
Rebecca Marler (Board Member) $5,200 $0 $0
Gary Windham (Secretary/Treasurer) $4,800 $0 $0
Steve Compton (Board Member) $4,000 $0 $0
+ View more people

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990
Filed on Nov. 3, 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
$11,340,961
Expenses
$9,363,127
Net Income
$1,977,834
Net Assets
$19,734,667
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,004,728
97.0%
Investment Income $238,226
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,566
0.0%
Net Inventory Sales $0
Other Revenue $95,441
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $830,438
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,056,888
32.6%
Assets/Debt
Total Assets $204,683,315
Total Liabilities $184,948,648
Net Assets $19,734,667
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (Ceo/Board Member) $317,443 $0 $54,803
Cathy Laracuente (Vp Of Operations) $129,247 $0 $28,988
John Cody Kidd (Vp Of Lending) $125,722 $0 $23,977
Tim O'reilly (Vp Of Marketing) $121,004 $0 $11,854
Julian Beseril (Chairperson) $3,600 $0 $0
Samuel Gonzalez (Vice Chairperson) $3,600 $0 $0
Gary Windham (Secretary/Treasurer) $3,600 $0 $0
Rebecca Marler (Board Member) $3,600 $0 $0
Jerome Reed (Board Member) $3,000 $0 $0
+ View more people

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990
Filed on Nov. 14, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,447,219
Expenses
$8,431,673
Net Income
$2,015,546
Net Assets
$17,602,931
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,579,189
91.7%
Investment Income $546,961
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $26,759
0.3%
Net Inventory Sales $0
Other Revenue $294,310
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $601,339
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,847,673
33.8%
Assets/Debt
Total Assets $202,753,149
Total Liabilities $185,150,218
Net Assets $17,602,931
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (Ceo/Board Member) $274,479 $0 $41,215
John Cody Kidd (Vp Of Accounting) $115,279 $0 $12,571
Cathy Laracuente (Vp Of Operations) $114,721 $0 $25,674
Julian Beseril (Chairperson) $3,600 $0 $0
Samuel Gonzalez (Vice Chairperson) $3,600 $0 $0
Gary Windham (Secretary/Treasurer) $3,600 $0 $0
Rebecca Marler (Board Member) $3,600 $0 $0
Jerome Reed (Board Member) $3,000 $0 $0
+ View more people

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990
Filed on Nov. 4, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,194,400
Expenses
$7,869,976
Net Income
$1,324,424
Net Assets
$15,814,085
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,194,400
100%
Investment Income $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 $503,819
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,619,082
33.3%
Assets/Debt
Total Assets $196,501,040
Total Liabilities $180,686,955
Net Assets $15,814,085
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Shem Culpepper (President/Ceo/Board Member) $254,677 $0 $22,784
Cathy Laracuente (Vp Of Operations) $116,470 $0 $11,392
John Cody Kidd (Vp Of Accounting) $115,872 $0 $5,696
Julian Beseril (Chairperson) $3,900 $0 $0
Gary Windham (Secretary/Treasurer) $3,900 $0 $0
Samuel Gonzalez (Vice Chairperson) $3,300 $0 $0
Jerome Reed (Board Member) $3,000 $0 $0
Rebecca Marler (Board Member) $2,700 $0 $0
+ View more people

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990
Filed on Aug. 14, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,335,365
Expenses
$8,198,493
Net Income
$1,136,872
Net Assets
$14,381,575
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,335,365
100%
Investment Income $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 $426,932
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $193,061,002
Total Liabilities $178,679,427
Net Assets $14,381,575

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,909,826
Expenses
$9,067,872
Net Income
$841,954
Net Assets
$13,306,467
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,909,826
100%
Investment Income $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 $479,527
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $173,439,378
Total Liabilities $160,132,911
Net Assets $13,306,467

Document Links

990

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

PDF

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

990

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

PDF

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

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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