American Consumer Credit Counseling Inc
- Assets
- $18.2m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 115
- Location
- Auburndale, MA
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 04-3166982
Organization Overview
American Consumer Credit Counseling Inc is located in Auburndale, MA. The organization was established in 1994. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, American Consumer Credit Counseling Inc employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Consumer Credit Counseling Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Consumer Credit Counseling Inc generated $13.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $10.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHMENT PAGE 1 & 2
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT PAGE 1 & 2
SEE ATTACHMENT PAGE 1 & 2
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Amadin President & | Officer | 40 | $240,019 |
Tracey R Macomber VP Governanc | Officer | 40 | $190,042 |
Katherine H Ross Vice Preside | Officer | 40 | $177,147 |
Paul Glover Senior Softw | 40 | $145,894 | |
Donna M Conley V.p.& Clerk | Officer | 40 | $145,056 |
Michelle Hurley Customer Ser | 40 | $132,526 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,615,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,479,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,094,209 |
| Total Program Service Revenue | $9,962,190 |
| Investment income | $195,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,019 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,306,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $752,264 |
| Compensation of current officers, directors, key employees. | $752,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,053,750 |
| Pension plan accruals and contributions | $76,065 |
| Other employee benefits | $659,769 |
| Payroll taxes | $494,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,943 |
| Fees for services: Accounting | $52,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,465 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $164,291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $483,149 |
| Travel | $37,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,024 |
| Insurance | $26,949 |
| All other expenses | $750,159 |
| Total functional expenses | $10,853,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,332,033 |
| Savings and temporary cash investments | $7,720,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,941 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,560 |
| Net Land, buildings, and equipment | $327,170 |
| Investments—publicly traded securities | $2,579,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,184,034 |
| Accounts payable and accrued expenses | $131,615 |
| Grants payable | $0 |
| Deferred revenue | $800,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,698,432 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,628 |
| Total liabilities | $2,747,675 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,436,359 |
| Total liabilities and net assets/fund balances | $18,184,034 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Consumer Credit Counseling Inc has recieved totaling $107,138.
| Awarding Organization | Amount |
|---|---|
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: FINANCIAL EDUCATION SUPPORT | $107,138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Consumer Credit Counseling Inc Auburndale, MA | $18,184,034 | $13,306,197 |
Cambridge Credit Counseling Corp Agawam, MA | $10,545,696 | $7,101,425 |
Hebrew Free Loan Society Inc New York, NY | $39,139,675 | $5,814,730 |
Consumers Credit Counseling Service Of Rochester Inc Rochester, NY | $7,908,723 | $3,468,563 |
Start Small Think Big Inc New York, NY | $5,478,531 | $5,454,234 |
Money Management New York, NY | $8,835,712 | $4,309,180 |
Intl Federation Of Red Cross And Red Crescent Soc At The U N Inc New York, NY | $144,561 | $1,804,361 |
Parachute Credit Counseling Inc West Seneca, NY | $1,575,678 | $1,698,417 |
Safeguard Credit Counseling Services Inc Northport, NY | $4,600,765 | $1,433,533 |
New Haven Homeownership Center Inc New Haven, CT | $925,496 | $726,500 |
Grow Brooklyn Inc Brooklyn, NY | $930,864 | $1,128,015 |
Neighborhood Housing Services Of Brooklyn Bedford-Stuyvesant Cdc In Brooklyn, NY | $839,212 | $801,648 |