Consumer Credit Counseling Foundation Inc
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Livermore, CA
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 04-3638828
Organization Overview
Consumer Credit Counseling Foundation Inc is located in Livermore, CA. The organization was established in 2002. 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 12/2022, Consumer Credit Counseling Foundation Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer Credit Counseling Foundation 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 12/2022, Consumer Credit Counseling Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FREE CREDIT COUNSELING AND FINANCIAL EDUCATION TO ALL PEOPLE LIVING UNDER THE PRESSURES OF DEBT, AND TO PROVIDE CONSUMERS IN NEED WITH FREE OR LOW-COST DEBT MANAGEMENT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FREE FINANCIAL EDUCATION AND COUNSELING SERVICES, LOW-COST DEBT MANAGEMENT PROGRAM SERVICES, AND FREE COMMUNITY SERVICES INCLUDING COMMUNITY SEMINARS; OUTREACH TO LOW-INCOME AND MARGINALIZED INDIVIDUALS AND FAMILIES; OUTREACH TO UNDERSERVED LATINO COMMUNITIES, LOW-INCOME AND IMMAGRANT SENIORS, AND OTHER SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Judge President, Treasurer, Secr | OfficerTrustee | 10 | $0 |
Kulwant Sran Director | Trustee | 0 | $0 |
Aloke Bhalla Director | Trustee | 0 | $0 |
Sandeep Bhasin Director | Trustee | 0 | $0 |
Porus Engineer Manager | 40 | $153,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,088 |
| Total Program Service Revenue | $1,076,784 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,227,872 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $732,338 |
| Pension plan accruals and contributions | $6,857 |
| Other employee benefits | $22,506 |
| Payroll taxes | $64,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $444,229 |
| Office expenses | $1,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,700 |
| Travel | $305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,833 |
| Insurance | $12,941 |
| All other expenses | $71,465 |
| Total functional expenses | $1,571,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,130,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,140 |
| 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 | $33,576 |
| Net Land, buildings, and equipment | $1,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,664 |
| Total assets | $1,475,842 |
| Accounts payable and accrued expenses | $199,261 |
| Grants payable | $0 |
| Deferred revenue | $75,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $211,523 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $148,128 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $277,664 |
| Total liabilities | $911,576 |
| Net assets without donor restrictions | $564,266 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,475,842 |