Rushmore Consumer Credit Resource Center
- Assets
- $1.2m
- Revenue
- $416.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Rapid City, SD
- Founding
- 07/1974
- Data as of
- 12/2021
- EIN
- 23-7364664
Organization Overview
Rushmore Consumer Credit Resource Center, operating under the name Cccs Of The Bh And Acce, is located in Rapid City, SD. The organization was established in 1974. 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, Cccs Of The Bh And Acce employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cccs Of The Bh And Acce 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, Cccs Of The Bh And Acce generated $416.9k 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 (4.7%) each year. All expenses for the organization totaled $487.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING FINANCIAL STABILITY THROUGH EDUCATION FOR A LIFETIME OF FINANCIAL WELL-BEING. RUSHMORE CONSUMER CREDIT RESOURCE CENTER HAS TWO DIVISIONS: CONSUMER CREDIT COUNSELING SERVICE OF THE BLACK HILLS AND THE AMERICAN CENTER FOR CREDIT EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSUMER CREDIT COUNSELING SERVICE OF THE BLACK HILLS PROVIDES COMPREHENSIVE FINANCIAL AND HOUSING COUNSELING AT NO CHARGE. HOUSING SERVICES INCLUDE: PRE-PURCHASE HOUSING COUNSELING AND HOMEBUYER EDUCATION, REVERSE MORTGAGE COUNSELING, AND LOSS MITIGATION FORECLOSURE PREVENTION COUNSELING, A CERTIFIED CONSUMER CREDIT COUNSELOR MEETS WITH AN INDIVIDUAL OR FAMILY FOR 2 HOURS AND HELPS THEM DEVELOP A PERSONALIZED ACTION PLAN TO OVERCOME THEIR HOUSING AND FINANCIAL OBSTACLES AND OBTAIN AND MAINTAIN SAFE AND AFFORDABLE HOUSING, INCREASE THEIR FINANCIAL STABILITY, AND REACH FINANCIAL GOALS. WE PROVIDED HOUSING AND FINANCIAL COUNSELING FOR 170 HOUSEHOLDS AND 191 DMP CLIENTS. FOR SOME INSOLVENT INDIVIDUALS AND FAMILIES, THE FINANCIAL COUNSELING ASSESSMENT REVEALS THAT A DEBT MANAGEMENT PROGRAMS IS A VIABLE OPTION THAT HELPS THEM MANAGE THEIR FINANCES AND REPAY THEIR DEBTS. OUR DEBT MANAGEMENT CLIENTS REPAID OVER $1,046,262. FOR INDIVIDUALS CONSIDERING BANKRUPTCY WE PROVIDE PRE-FILING CREDIT COUNSELING AND POST-FILING DEBTOR EDUCATION. WE PROVIDED BANKRUPTCY SERVICES FOR 29 INDIVIDUALS.
THE AMERICAN CENTER FOR CREDIT EDUCATION DEVELOPS AND PUBLISHES FINANCIAL EDUCATION PROGRAMS INCLUDING CREDIT WHEN CREDIT IS DUE, MAKE YOUR MOVEA GUIDE TO HOMEOWNERSHIP, MONEY IN MOTION, START RIGHT: BUILD YOUR OWN BUSINESS, REBUILDING YOUR CREDIT, CUT THROUGH THE CONFUSION ON HEALTH INSURANCE AND MEDICAL BILLS. WE ALSO DISTRIBUTE THESE PROGRAMS NATIONWIDE TO NON-PROFIT CREDIT AND HOUSING COUNSELING AGENCIES AND COMMUNITY ACTION AGENCIES. WE HAVE DISTRIBUTED 1,822,226 FINANCIAL LITERACY PROGRAMS. WE PROVIDED OUR FINANCIAL LITERACY PROGRAMS FOR AREA OUR CLIENTS, HIGH SCHOOLS, UNIVERSITIES, NON-PROFIT ORGANIZATIONS, THE MILITARY, EMPLOYERS, CORRECTIONAL FACILITIES, JOB TRAINING, RESERVATIONS, GOVERNMENT AGENCIES AND MORE. IN SOUTH DAKOTA WE PROVIDED FINANCIAL EDUCATION PROGRAMS 433 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Spain CEO | Officer | 50 | $79,889 |
Carolyn Teigen Vice Chairwoman | OfficerTrustee | 2 | $0 |
Donna Danielson Secretary | OfficerTrustee | 2 | $0 |
Corey Weber Treasurer | OfficerTrustee | 2 | $0 |
Deeann Dietrich Chairwoman | OfficerTrustee | 2 | $0 |
Katherine Dennison Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $20,530 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $183,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,607 |
| Total Program Service Revenue | $75,290 |
| Investment income | $592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,865 |
| 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 | $89,286 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $416,877 |
| 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. | $86,082 |
| Compensation of current officers, directors, key employees. | $43,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,543 |
| Payroll taxes | $23,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,688 |
| Advertising and promotion | $0 |
| Office expenses | $13,546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,873 |
| Travel | $2,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,186 |
| Interest | $70 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,007 |
| Insurance | $19,465 |
| All other expenses | $0 |
| Total functional expenses | $487,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,941 |
| Savings and temporary cash investments | $286,086 |
| Pledges and grants receivable | $45,360 |
| Accounts receivable, net | $1,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,993 |
| Prepaid expenses and deferred charges | $594 |
| Net Land, buildings, and equipment | $794,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29 |
| Total assets | $1,176,938 |
| Accounts payable and accrued expenses | $31,785 |
| 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 | $214,133 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $245,918 |
| Net assets without donor restrictions | $890,460 |
| Net assets with donor restrictions | $40,560 |
| 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 | $1,176,938 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rushmore Consumer Credit Resource Center has recieved totaling $75,020.
| Awarding Organization | Amount |
|---|---|
Homeownership Education Resource Organization Pierre, SD PURPOSE: HOMEOWNER EDUCATION | $49,145 |
United Way Of The Black Hills Rapid City, SD PURPOSE: GENERAL SUPPORT | $25,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Empowerment Center Omaha, NE | $3,751,095 | $11,872,061 |
North Iowa Community Action Organization Mason City, IA | $4,791,194 | $9,251,857 |
Familymeans Stillwater, MN | $14,787,567 | $4,858,760 |
Prepare And Prosper St Paul, MN | $2,509,288 | $2,156,071 |
Consumer Credit Of Des Moines Des Moines, IA | $2,361,855 | $1,382,576 |
Credit Advisors Foundation Omaha, NE | $5,047,344 | $1,612,156 |
Allen Credit & Debt Counseling Agency Wolsey, SD | $408,689 | $1,340,879 |
Black Hills Childrens Ranch Inc Rapid City, SD | $795,827 | $1,321,713 |
Family Financial Education Foundation Evanston, WY | $2,580,776 | $1,346,527 |
Center For Siouxland Sioux City, IA | $2,429,304 | $818,535 |
Rural Dynamics Inc Great Falls, MT | $5,435,285 | $763,388 |
Rushmore Consumer Credit Resource Center Rapid City, SD | $1,176,938 | $416,877 |