National Foundation For Credit Counseling Inc
- Assets
- $1.2k
- Revenue
- -$43.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Montgomery, AL
- Founding
- 07/1974
- Data as of
- 12/2018
- EIN
- 51-0235743
Organization Overview
National Foundation For Credit Counseling Inc is located in Montgomery, AL. 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 12/2014, National Foundation For Credit Counseling Inc employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. National Foundation For Credit Counseling Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SAFE AND AFFORDABLE HOUSING, HOME OWNERSHIP, AND FINANCIAL LITERACY THROUGH PROFESSIONAL CONFIDENTIAL COUNSELING, EDUCATIONAL PROGRAMS, AND BY PROVIDING ALTERNATIVES TO BANKRUPTCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL EDUCATION AND COUNSELING PROGRAM - CCSA'S PRIMARY MISSION IS TO HELP CONSUMERS LEARN HOW TO MANAGE FAMILY FINANCES, CREATE AND BALANCE BUDGETS, DEVELOP SOUND FINANCIAL DECISION-MAKING SKILLS, USE CREDIT INTELLIGENTLY, AND SOLVE FINANCIAL PROBLEMS. A TOTAL OF 2,011 PERSONS BENEFITED FROM THE PROGRAM IN 2014.
HOUSING ACQUISITION AND STABILIZATION PROGRAM - CCSA ADVANCES HOME OWNERSHIP IN ALABAMA BY HELPING CONSUMERS BECOME HOMEOWNERS AND BY HELPING EXISTING HOMEOWNERS SOLVE FINANCIAL PROBLEMS THAT THREATEN HOME RETENTION. COUNSELING AND TRAINING PROGRAMS FOR FIRST-TIME HOMEBUYERS HELP CONSUMERS WEIGH THE PROS AND CONS OF OWNERSHIP, EVALUATE THEIR "MORTGAGE READINESS", UNDERSTAND THE BUYING PROCESS, AND LEARN TO MANAGE A HOUSEHOLD BUDGET. DELINQUENT HOMEOWNERS RECEIVE COUNSELING TO ASSESS HOME RETENTI
CCCSA'S DEBT MANAGEMENT PROGRAM HELPS CONSUMERS REPAY DEBT WITHOUT HAVING TO RESORT TO BANKRUPTCY. THE NUMBER OF PERSONS BENEFITED DURING 2014 TOTALED 149.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Knauff Executive Director- Nonvoting | Officer | 50 | $54,956 |
Chris Kervin Vice Chairman | OfficerTrustee | 0.3 | $0 |
Barbara S White CPA Treasurer | OfficerTrustee | 0.3 | $0 |
Jeff Greene Chairman | OfficerTrustee | 1 | $0 |
Chester Mallory Member | Trustee | 0.3 | $0 |
Dr A Wayne Lacey Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$46,158 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$43,027 |
| Statement of Expenses | |
|---|---|
| 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. | $6,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,004 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $555 |
| Information technology | $1,334 |
| Royalties | $0 |
| Occupancy | $2,764 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,330 |
| All other expenses | $0 |
| Total functional expenses | $22,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,192 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,192 |
| 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 |
| Total liabilities and net assets/fund balances | $1,192 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Foundation For Credit Counseling Inc has recieved totaling $11,250.
| Awarding Organization | Amount |
|---|---|
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: HOUSING, LOSS MITIGATION, FINANCIAL EDUCATION, AND PROGRAM SUPPORT | $11,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Freedom Rain Inc Birmingham, AL | $1,488,299 | $8,388,398 |
Creditguard Of America Inc Fort Lauderdale, FL | $3,308,944 | $7,102,054 |
Incharge Education Foundation Inc Orlando, FL | $6,605,610 | $4,105,406 |
Credit Card Management Services Inc West Palm Beach, FL | $6,354,828 | $4,043,282 |
Debt Management Credit Counseling Corp Deerfield Beach, FL | $2,036,555 | $1,940,140 |
Real Estate Education And Communityhousing Inc Palm Beach Gardens, FL | $2,680,215 | $1,438,929 |
Consumer Debt Counselors Inc Winter Park, FL | $1,532,219 | $1,793,369 |
Compass Finances God S Way Inc Lake Mary, FL | $1,558,933 | $1,806,509 |
Incharge Institute Of America Inc Orlando, FL | $3,848,389 | $1,124,873 |
Alma Financial Assistance Corp Deerfield Beach, FL | $648,458 | $950,327 |
D&e A Financial Education And Training Institute Inc East Point, GA | $953,735 | $847,505 |
Consumer Credit Counseling Services Of West Florida Inc Pensacola, FL | $120,940 | $16,151 |