Allen Credit & Debt Counseling Agency
- Assets
- $414.0k
- Revenue
- $889.1k
- Investments
- $0.0
- Employees
- 15
- Location
- Wolsey, SD
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 20-3413292
Organization Overview
Allen Credit & Debt Counseling Agency is located in Wolsey, SD. The organization was established in 2007. 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 06/2022, Allen Credit & Debt Counseling Agency employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allen Credit & Debt Counseling Agency 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 06/2022, Allen Credit & Debt Counseling Agency generated $889.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $895.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
CONSUMER CREDIT COUNSELING & LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES CONSUMER CREDIT MANAGEMENT SERVICES, CONVENIENT PRE-BANKRUPTCY CREDIT COUNSELING AND PERSONAL FINANCIAL MANAGEMENT INSTRUCTIONAL COURSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Jungemann CEO | Officer | 40 | $39,194 |
Matt Niederbaumer Vice Preside | OfficerTrustee | 1 | $0 |
Joel Prybil Member | OfficerTrustee | 1 | $0 |
David Struck President | OfficerTrustee | 1 | $0 |
Mike Vaupel Member | OfficerTrustee | 1 | $0 |
Damon Wolf Member | OfficerTrustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $889,068 |
| Investment income | $10 |
| 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 | $889,078 |
| 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. | $42,301 |
| Compensation of current officers, directors, key employees. | $42,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $401,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,694 |
| Payroll taxes | $28,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,025 |
| Office expenses | $13,409 |
| Information technology | $16,193 |
| Royalties | $0 |
| Occupancy | $121,069 |
| Travel | $21,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,750 |
| Interest | $9,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,566 |
| Insurance | $43,024 |
| All other expenses | $1,797 |
| Total functional expenses | $895,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,834 |
| Savings and temporary cash investments | $14,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,253 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $224,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,000 |
| Other assets | $70,385 |
| Total assets | $413,969 |
| Accounts payable and accrued expenses | $105,376 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $96,452 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,057 |
| Total liabilities | $296,885 |
| Net assets without donor restrictions | $117,084 |
| 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 | $413,969 |