Consumer Credit Counseling Foundation Inc
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 36
- Location
- Livermore, CA
- Founding
- 09/2002
- Data as of
- 12/2021
- 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 12/2021, Consumer Credit Counseling Foundation Inc employed 36 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 12/2021, Consumer Credit Counseling Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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
2021
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 |
|---|---|---|---|
Porus Engineer Manager | 40 | $153,000 | |
Tony Judge President, Treasurer, Secr | OfficerTrustee | 10 | $0 |
Sandeep Bhasin Director | Trustee | 0 | $0 |
Aloke Bhalla Director | Trustee | 0 | $0 |
Kulwant Sran Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $297,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,897 |
| Total Program Service Revenue | $1,092,784 |
| 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 | $1,541,681 |
| 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 | $604,515 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,132 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $143,629 |
| Office expenses | $6,135 |
| Information technology | $2,080 |
| Royalties | $0 |
| Occupancy | $56,700 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,833 |
| Insurance | $24,765 |
| All other expenses | $67,485 |
| Total functional expenses | $1,072,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $913,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,634 |
| 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 | $15,540 |
| Net Land, buildings, and equipment | $4,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,222,431 |
| Accounts payable and accrued expenses | $74,466 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $90,570 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $315,036 |
| Net assets without donor restrictions | $907,395 |
| 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 | $1,222,431 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Credit Counseling Service Of San Francisco Concord, CA | $9,996,299 | $17,336,495 |
Springboard Non-Profit Consumer Credit Management Inc Riverside, CA | $8,795,796 | $5,993,379 |
Take Charge America Inc Phoenix, AZ | $22,881,953 | $7,255,476 |
Usa Homeownership Foundation Inc Corona, CA | $3,434,411 | $5,441,843 |
Debtwave Credit Counseling Inc Escondido, CA | $1,629,187 | $5,189,974 |
Access Counseling Inc Los Angeles, CA | $878,879 | $2,910,345 |
Earn To Learn Tucson, AZ | $1,535,362 | $2,450,878 |
Christian Credit Counselors Inc Carlsbad, CA | $6,458,952 | $2,790,959 |
Abacus Credit Counseling Encino, CA | $7,151,653 | $2,039,579 |
Cricket Debt Counseling Portland, OR | $3,870,920 | $1,652,866 |
National Budget Planners Of South Florida Inc Livermore, CA | $1,611,064 | $2,018,775 |
Helping Feet Reno, NV | $1,178,095 | $32,218 |