Springboard Non-Profit Consumer Credit Management Inc
- Assets
- $9.9m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 64
- Location
- Riverside, CA
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 33-0656671
Organization Overview
Springboard Non-Profit Consumer Credit Management Inc, operating under the name creditorg, is located in Riverside, CA. The organization was established in 2001. 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, creditorg employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. creditorg 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, creditorg generated $9.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $7.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 9 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
TO PROVIDE CREDIT EDUCATION, PROMOTE FINANCIAL LITERACY, PROVIDE HOUSING AND COUNSELING SERVICES, RELIEVE THE BURDENS OF GOVERNMENT AND ASSIST INDIVIDUALS IN FINANCIAL DIFFICULTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEBT MANAGEMENT PLANSCREDIT.ORG OFFERS DEBT REPAYMENT PLANS (I.E., DEBT MANAGEMENT PLANS ["DMP"]) IN SITUATIONS WHERE SUCH A PLAN IS THE MOST BENEFICIAL COURSE OF ACTION FOR A PARTICULAR COUNSELEE AS AN INCIDENTAL FEATURE OF BUDGET AND DEBT COUNSELING. CREDIT.ORG USES ITS DMP PROGRAM AS AN EDUCATIONAL TOOL THAT PROVIDES INDIVIDUALS WITH AN OPPORTUNITY TO DEVELOP THE DISCIPLINE AND FINANCIAL MANAGEMENT SKILLS NECESSARY TO OVERCOME THEIR FINANCIAL PROBLEMS AND LEARN NEW SPENDING AND FAVORABLE CREDIT MANAGEMENT HABITS.
HOUSING COUNSELINGCREDIT.ORG IS APPROVED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS A COMPREHENSIVE HOUSING COUNSELING AGENCY AND PROVIDES PRE-PURCHASE/FIRST-TIME HOMEBUYER EDUCATION, LANDLORD/TENANT RENTAL COUNSELING POST-HOME BUYER COUNSELING.
REVERSE MORTGAGE COUNSELING: REVERSE MORTGAGE OFFERS CLIENTS GUIDANCE AS TO WHETHER A REVERSE MORTGAGE LOAN OPTION IS RIGHT FOR THEM AND, IF SO, HOW TO QUALIFY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Todd Emerson President-Ceo | OfficerTrustee | 60 | $338,187 |
Stacie Anctil Director | Trustee | 1 | $0 |
Mike Fraschilla Director | Trustee | 1 | $0 |
John Perlstein Secretary | Trustee | 1 | $0 |
Ethan Horn Treasurer | Trustee | 1 | $0 |
Jamie Deason Executive Vice President | Officer | 50 | $159,372 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Springboard Social Enterprises Management Consulting | 12/30/23 | $1,281,870 |
Speridian Technologies Software Consultant | 12/30/23 | $230,520 |
National Foundation For Credit Counselin Trade Association | 12/30/23 | $171,708 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,238,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,423,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,662,524 |
| Total Program Service Revenue | $3,173,470 |
| Investment income | $143,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $253,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,859,029 |
| 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. | $673,619 |
| Compensation of current officers, directors, key employees. | $673,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,761,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $474,553 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $567,704 |
| Advertising and promotion | $254,521 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,767 |
| Travel | $44,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $302,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $707,043 |
| Insurance | $120,348 |
| All other expenses | $471,981 |
| Total functional expenses | $7,756,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,987,747 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $828,780 |
| Accounts receivable, net | $121,942 |
| 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 | $130,273 |
| Net Land, buildings, and equipment | $516,772 |
| Investments—publicly traded securities | $4,500,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $736,037 |
| Other assets | $29,999 |
| Total assets | $9,852,454 |
| Accounts payable and accrued expenses | $646,804 |
| 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 | $230,880 |
| Unsecured mortgages and notes payable | $2,151,861 |
| Other liabilities | $735,340 |
| Total liabilities | $3,764,885 |
| Net assets without donor restrictions | $5,824,944 |
| Net assets with donor restrictions | $262,625 |
| 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 | $9,852,454 |