Rushmore Consumer Credit Resource Center
- Assets
- $1.1m
- Revenue
- $348.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Rapid City, SD
- Founding
- 07/1974
- Data as of
- 12/2023
- 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 12/2023, Cccs Of The Bh And Acce employed 4 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 12/2023, Cccs Of The Bh And Acce generated $348.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $353.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING FINANCIAL STABILITY THROUGH EDUCATION FOR A LIFETIME OF FINANCIAL WELL-BEING.
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, 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 486 HOUSEHOLDS AND 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 434,137.50.
THE AMERICAN CENTER FOR CREDIT EDUCATION DEVELOPS AND PUBLISHES FINANCIAL EDUCATION PROGRAMS INCLUDING CREDIT WHEN CREDIT IS DUE, MAKE YOUR MOVE - A 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, AND TEN STEPS TO BUYING A CAR. WE ALSO DISTRIBUTE THESE PROGRAMS NATIONWIDE TO NON-PROFIT CREDIT AND HOUSING COUNSELING AGENCIES AND COMMUNITY ACTION AGENCIES. WE HAVE DISTRIBUTED 1,843,335 FINANCIAL LITERACY PROGRAMS. LOCALLY, WE PROVIDED OUR FINANCIAL LITERACY PROGRAMS TO 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 TO 778 INDIVIDUALS VIA THE CLASSROOM AND 335 ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Spain Executive Di | Officer | 40 | $78,620 |
Deeann M Dietrich Chairwoman | OfficerTrustee | 2 | $0 |
Carolyn A Teigen Vice Chairwo | OfficerTrustee | 2 | $0 |
Melissa K Montgomery Treasurer | OfficerTrustee | 2 | $0 |
Katherine D Lee Secretary | OfficerTrustee | 2 | $0 |
Rick L Brady Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,717 |
| Total Program Service Revenue | $38,081 |
| Investment income | $5,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,013 |
| 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 | $85,296 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,125 |
| 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. | $82,426 |
| Compensation of current officers, directors, key employees. | $20,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,913 |
| Payroll taxes | $13,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,737 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,473 |
| Advertising and promotion | $0 |
| Office expenses | $13,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,543 |
| Travel | $3,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $408 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,708 |
| Insurance | $19,326 |
| All other expenses | $0 |
| Total functional expenses | $353,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,504 |
| Savings and temporary cash investments | $253,046 |
| Pledges and grants receivable | $36,728 |
| Accounts receivable, net | $1,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,463 |
| Prepaid expenses and deferred charges | $795 |
| Net Land, buildings, and equipment | $744,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,126,274 |
| Accounts payable and accrued expenses | $34,499 |
| 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 | $184,243 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $218,742 |
| Net assets without donor restrictions | $898,765 |
| Net assets with donor restrictions | $8,767 |
| 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 | $1,126,274 |