Credit Advisors Foundation
- Assets
- $5.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Omaha, NE
- Founding
- 09/1992
- Data as of
- 12/2023
- 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 12/2023, Credit Advisors Foundation employed 18 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 12/2023, Credit Advisors Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
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
BANKRUPTCY COUNSELING AND REPRESENTATIVE PAYEE SERVICES
EDUCATION- SEE SCHEDULE O
DEBT MANAGEMENT PLANS- SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleanor Hohman Executive Director | OfficerTrustee | 50 | $158,635 |
Robert Buglewicz Director | Trustee | 5 | $0 |
Judy Davis Director | Trustee | 5 | $0 |
Dave Phillips Director | Trustee | 5 | $0 |
Juan Picon 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 | $1,503,947 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,812,947 |
| Total Program Service Revenue | $718,955 |
| Investment income | $50,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,605,907 |
| 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. | $217,753 |
| Compensation of current officers, directors, key employees. | $29,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $676,484 |
| Pension plan accruals and contributions | $31,993 |
| Other employee benefits | $0 |
| Payroll taxes | $67,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,181 |
| Fees for services: Other | $3,473 |
| Advertising and promotion | $0 |
| Office expenses | $37,060 |
| Information technology | $59,923 |
| Royalties | $0 |
| Occupancy | $30,856 |
| Travel | $9,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,451 |
| Insurance | $26,588 |
| All other expenses | $145,098 |
| Total functional expenses | $1,771,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,278 |
| Savings and temporary cash investments | $616,282 |
| Pledges and grants receivable | $588,582 |
| Accounts receivable, net | $0 |
| 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 | $12,433 |
| Net Land, buildings, and equipment | $459,126 |
| Investments—publicly traded securities | $4,000,846 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,860 |
| Total assets | $5,868,407 |
| Accounts payable and accrued expenses | $31,817 |
| 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 | $589,864 |
| Total liabilities | $621,681 |
| Net assets without donor restrictions | $5,246,726 |
| 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 | $5,868,407 |