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Flowers Employees Credit League

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581185704 ✦ Thomasville, GA ✦ Designated as a 501(c)(14)

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Overview

What is Flowers Employees Credit League?

Flowers Employees Credit League is a nonprofit organization that aims to foster thrift among its members. They provide an easy payroll deduction method for members to accumulate savings, making it a convenient way to build up financial reserves. Additionally, the league serves as a source of borrowing for productive purposes, offering loans at reasonable interest rates. This strategy encourages members to save and invest in beneficial ventures, thus promoting financial stability and growth.


Official website here: www.creditleague.org

Is Flowers Employees Credit League legitimate?

Flowers Employees Credit League is a legitimate nonprofit organization registered as a 501(c)(14) entity. Flowers Employees Credit League submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $87,598
Professional Fundraising Fees: $0
Other Salaries and Wages: $232,459

For more financial information, click here


Official website here: www.creditleague.org

What is the mission statement of Flowers Employees Credit League?

The Flowers Employees Credit League was established with a mission to encourage savings among its members. They achieve this by offering an easy payroll deduction method, making it convenient for members to accumulate savings. Additionally, the league serves as a source of borrowing funds for productive purposes, providing these loans at reasonable interest rates. This approach aims to support members in their financial endeavors, promoting financial stability and growth. Unfortunately, it appears that this nonprofit organization is no longer active or has been terminated.


Official website here: www.creditleague.org

Who is the CEO of Flowers Employees Credit League?

Jack Singletary is the Chairman of Flowers Employees Credit League.


Official website here: www.creditleague.org

What is the revenue of Flowers Employees Credit League?

Flowers Employees Credit League's revenue in 2021 was $832,020.


Official website here: www.creditleague.org

Who are the executives of Flowers Employees Credit League and what are their salaries?

The average compensation at Flowers Employees Credit League during 2021 was $29,096. There are 11 employees at Flowers Employees Credit League.


Here are 10 key members and their salaries:


Dan Stone (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Harrison (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Baggett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Jones (Audit Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Yestrumsky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherry Harper (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Hancock Jr (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alyssa Hamil (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel C Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Singletary (President)
  • Compensation: $87,598
  • Related: $0
  • Other: $0


Official website here: www.creditleague.org

Where can I find the form 990 for Flowers Employees Credit League?

Flowers Employees Credit League's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.creditleague.org

Learn more at the official website: www.creditleague.org

Mission Statement of Flowers Employees Credit League

Flowers Employees Credit League, a now-inactive organization, was established with a mission to promote thrift among its members. It achieved this by offering an easy payroll deduction method, enabling members to accumulate savings steadily. Furthermore, the league acted as a reliable source of borrowing, providing loans for productive purposes at reasonable interest rates. This dual approach aimed to empower its members financially, fostering a culture of savings and responsible borrowing.

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Impact




October, 2024

Flowers Employees Credit League significantly impacted its members by promoting financial literacy and encouraging savings through an accessible payroll deduction system. This method enabled employees to accumulate savings effortlessly, fostering a culture of thrift and financial responsibility. Additionally, it provided a reliable source for borrowing, allowing members to access funds for productive purposes at reasonable interest rates. This dual approach not only supported individual financial growth but also contributed to the overall economic stability and welfare of the community in Thomasville, GA.




This information is meant to be a general summary of Flowers Employees Credit League. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$832,020 (2021)
Expenses
$988,505 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $103,575
  • Program Service Revenue: $728,445
  • Gross Receipts: $832,020

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$655,919

OTHER OPERATING INCOME

Revenue

$72,526

Organization Details

Founding Year

1971

Principal Officer

Jack Singletary

Main Address

612 SOUTH BROAD STREET, THOMASVILLE, GA, 31792

NTEE Category

Code: W61 - Public benefit

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