Credit Advisors Foundation
- Assets
- $5.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Omaha, NE
- Founding
- 09/1992
- Data as of
- 12/2021
- EIN
- 47-0751100
Organization Overview
Credit Advisors Foundation is located in Omaha, NE. The organization was established in 1992. 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, Credit Advisors Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Advisors Foundation 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, Credit Advisors Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.3m 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
OUR MISSION IS TO EMPOWER CONSUMERS TO EFFECTIVELY MANAGE THEIR FINANCES, CREATE ECONOMIC SECURITY, AND REALIZE EQUALITY OF ACCESS AND OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING- SEE SCHEDULE O
EDUCATION- SEE SCHEDULE O
DEBT MANAGEMENT PLANS- SEE SCHEDULE O
BANKRUPTCY COUNSELING AND REPRESENTATIVE PAYEE SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleanor Hohman Executive Director | OfficerTrustee | 50 | $125,000 |
Lisa Cameron Secretary | Officer | 45 | $54,275 |
Judy Davis Director | Trustee | 5 | $0 |
Juan Picon Director | Trustee | 5 | $0 |
Robert Buglewicz Director | Trustee | 5 | $0 |
Melissa Pearson Director | Trustee | 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 | $935,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $935,729 |
| Total Program Service Revenue | $629,962 |
| Investment income | $25,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,612,156 |
| 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. | $179,275 |
| Compensation of current officers, directors, key employees. | $12,043 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $405,688 |
| Pension plan accruals and contributions | $18,785 |
| Other employee benefits | $36,977 |
| Payroll taxes | $42,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,521 |
| Fees for services: Other | $17,615 |
| Advertising and promotion | $0 |
| Office expenses | $21,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,024 |
| Travel | $5,136 |
| 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 | $40,908 |
| Insurance | $23,895 |
| All other expenses | $116,837 |
| Total functional expenses | $1,346,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,558 |
| Savings and temporary cash investments | $516,668 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,860 |
| 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 | $8,631 |
| Net Land, buildings, and equipment | $427,250 |
| Investments—publicly traded securities | $3,639,377 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,047,344 |
| Accounts payable and accrued expenses | $25,926 |
| 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 | $636,093 |
| Total liabilities | $662,019 |
| Net assets without donor restrictions | $4,385,325 |
| 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 | $5,047,344 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Credit Advisors Foundation has recieved totaling $47,722.
| Awarding Organization | Amount |
|---|---|
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: FINANCIAL EDUCATION SUPPORT | $47,722 |
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 |
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 |
Prosperity Connection St Louis, MO | $1,393,127 | $1,257,430 |
Center For Siouxland Sioux City, IA | $2,429,304 | $818,535 |
Community Enterprise Development Services Aurora, CO | $7,776,464 | $2,438,749 |
Housing And Credit Counseling Inc Topeka, KS | $1,465,189 | $741,277 |
Consumer Credit Counseling Service Of Salina Inc Salina, KS | $360,345 | $376,593 |