Consumer Bankruptcy Assistance Project Inc
- Assets
- $426.5k
- Revenue
- $262.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 23-2694116
Organization Overview
Consumer Bankruptcy Assistance Project Inc is located in Philadelphia, PA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Consumer Bankruptcy Assistance Project Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer Bankruptcy Assistance Project 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 Bankruptcy Assistance Project Inc generated $262.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $235.6k during the year ending 12/2021. While expenses have increased by 1.0% 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
ASSIST PHILADELPHIANS WHOSE INCOMES ARE BELOW THE FEDERAL PROVERTY LEVEL AND SEEK TO STABILIZE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST INDIGENT PHILADELPHIANS WITH THEIR SEVERE DEBT PROBLEMS THROUGH DEBT COUNSELING AND/OR PRO BONO CHAPTER 7 BANKRUPTCY REPRESENTATION THROUGH VOLUNTEER ATTORNEYS. ALSO PROVIDED FREE TRAININGS AND EDUCATIONAL SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Aaronson President | OfficerTrustee | 1 | $0 |
Jeffrey Carbino President - Elect | OfficerTrustee | 1 | $0 |
Matthew Hamermesh Secretary | OfficerTrustee | 1 | $0 |
Neil Gupta Treasurer | OfficerTrustee | 1 | $0 |
Sherry Hoban Executive Director | Officer | 40 | $0 |
Monique Bair Disabatino Board Member | Trustee | 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 | $262,672 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,672 |
| Total Program Service Revenue | $0 |
| Investment income | $89 |
| 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 | $262,761 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,326 |
| Pension plan accruals and contributions | $44,225 |
| Other employee benefits | $0 |
| Payroll taxes | $12,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $7,820 |
| Total functional expenses | $235,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,804 |
| Savings and temporary cash investments | $114,226 |
| Pledges and grants receivable | $82,500 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $426,530 |
| Accounts payable and accrued expenses | $256,172 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,287 |
| Total liabilities | $289,459 |
| Net assets without donor restrictions | $44,571 |
| Net assets with donor restrictions | $92,500 |
| 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 | $426,530 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Consumer Bankruptcy Assistance Project Inc has recieved totaling $96,038.
| Awarding Organization | Amount |
|---|---|
Pennsylvania Interest On Lawyer Trust Account Board Harrisburg, PA PURPOSE: LEGAL ASSISTANCE | $40,000 |
Horace W Goldsmith Foundation New York, NY PURPOSE: GENERAL OPERATIONS | $12,500 |
Horace W Goldsmith Foundation New York, NY PURPOSE: GENERAL OPERATIONS | $12,500 |
Philadelphia Bar Foundation Philadelphia, PA PURPOSE: NON-PROFIT LEGAL AID | $12,100 |
American College Of Bankruptcy Foundation Stanardsville, VA PURPOSE: TO PROVIDE PROJECT SUPPORT FOR BANKRUPTCY TRAININGS FOR ATTORNEYS. | $10,000 |
T/W Mary F Lindback Residuary Tr Nect Las Vegas, NV PURPOSE: GENERAL OPERATING | $3,000 |
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