Credit Counseling Center
- Assets
- $587.4k
- Revenue
- $501.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Richboro, PA
- Founding
- 08/1994
- Data as of
- 12/2023
- EIN
- 23-2754268
Organization Overview
Credit Counseling Center is located in Richboro, PA. 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 12/2023, Credit Counseling Center employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Counseling Center 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 12/2023, Credit Counseling Center generated $501.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $510.9k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT COUNSELING AND DEBT MANAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT COUNSELING - THE ORGANIZATION PROVIDES THE FOLLOWING TYPES OF COUNSELING: BANKRUPTCY COUNSELING - THE CENTER IS US TRUSTEE APPROVED TO PROVIDE PRE- FILING BUDGET COUNSELING AND THE PRE-DISCHARGE FINANCIAL MANAGEMENT COURSE. HOUSING COUNSELING - THE CENTER OFFERS PRE-PURCHASE/PRE-CLOSING, AND FORECLOSURE PREVENTION AND LOSS MITIGATION COUNSELING. BUDGET COUNSELING/DEBT MANAGEMENT/BANK GRANTS - THE CENTER PROVIDES AN INCOME AND EXPENSE REVIEW, DEVELOPS A BUDGET AND, IF NECESSARY, CONTACTS CREDITORS TO REPAY CREDIT CARD DEBT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Fuller Board Chairm | OfficerTrustee | 5 | $0 |
Teri Reif Vice-Chairma | OfficerTrustee | 5 | $0 |
Anne Berlin Treasurer | OfficerTrustee | 5 | $0 |
Bradford Connard Secretary | OfficerTrustee | 5 | $0 |
Larry Grant Director | Trustee | 5 | $0 |
David Breidinger Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $239,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,736 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,225 |
| Total Program Service Revenue | $202,467 |
| Investment income | $4,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,734 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $501,198 |
| 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 | $338,446 |
| Pension plan accruals and contributions | $3,756 |
| Other employee benefits | $18,070 |
| Payroll taxes | $27,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,992 |
| Advertising and promotion | $19,204 |
| Office expenses | $14,150 |
| Information technology | $20,511 |
| Royalties | $0 |
| Occupancy | $14,544 |
| 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 | $1,401 |
| Insurance | $10,380 |
| All other expenses | $1,758 |
| Total functional expenses | $510,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,821 |
| Savings and temporary cash investments | $130,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,792 |
| 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 | $4,063 |
| Net Land, buildings, and equipment | $2,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $587,429 |
| Accounts payable and accrued expenses | $10,507 |
| 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 | $0 |
| Total liabilities | $10,507 |
| Net assets without donor restrictions | $576,922 |
| 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 | $587,429 |