Family Budget Services Inc
- Assets
- $134.7k
- Revenue
- $909.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Sunrise, FL
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 36-4254969
Organization Overview
Family Budget Services Inc is located in Sunrise, FL. The organization was established in 2000. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Family Budget Services Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Budget Services 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, Family Budget Services Inc generated $909.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $911.0k during the year ending 12/2021. 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
FAMILY BUDGET SERVICES, INC. FBSI IS A 501 C 3 NON-PROFIT CREDIT COUNSELING ORGANIZATION OFFERING COUNSELING SERVICES FOR CONSUMERS WHO HAVE BECOME OVEREXTENDED WITH EXCESSIVE DEBT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CERTIFIED CREDIT COUNSELORS OF FBSI PROVIDES THEIR CLIENTS WITH EDUCATION AND ASSISTANCE IN GUIDING THEM TO A MORE SUSTAINABLE BUDGET, THE PROPER USE OF CREDIT, AND THE ABILITY TO PAY THEIR MONTHLY BILLS IN A TIMELY MANNER. THE GOAL IS TO PROVIDE THE CLIENT WITH ALL THE TOOLS THEY NEED TO PRACTICE MANAGING THEIR FINANCES BETTER AND PROMOTING SOUND FINANCIAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed CEO | Officer | 40 | $0 |
Name Not Listed Director, Secretary | OfficerTrustee | 2 | $0 |
Quin Hodges Director | Trustee | 2 | $0 |
Kyle Cassano Director | Trustee | 2 | $0 |
Lorenzo Valejo Bryant Director | Trustee | 2 | $0 |
Richard Meyers President | Officer | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $839,695 |
| Investment income | $0 |
| 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 | $909,667 |
| 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. | $185,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,029 |
| Pension plan accruals and contributions | $32,539 |
| Other employee benefits | $0 |
| Payroll taxes | $119,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,455 |
| Office expenses | $59,317 |
| Information technology | $34,053 |
| Royalties | $0 |
| Occupancy | $79,992 |
| Travel | $4,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,044 |
| Interest | $244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,167 |
| All other expenses | $0 |
| Total functional expenses | $910,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $30,100 |
| 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 | $14,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $134,680 |
| Accounts payable and accrued expenses | $27,292 |
| 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 | $158,900 |
| Total liabilities | $186,192 |
| Net assets without donor restrictions | -$51,512 |
| 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 | $134,680 |