Money Management International Inc
- Assets
- $39.9m
- Revenue
- $37.3m
- Investments
- $0.0
- Employees
- 320
- Location
- Phoenix, AZ
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 54-1837741
Organization Overview
Money Management International Inc is located in Phoenix, AZ. The organization was established in 2003. 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 12/2022, Money Management International Inc employed 320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Money Management International 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 12/2022, Money Management International Inc generated $37.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $39.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE STRIVE TO BENEFIT THE COMMUNITY BY PROVIDING EXCEPTIONAL FINANCIAL EDUCATION AND COUNSELING PROGRAMS INCLUDING CREDIT, HOUSING, AND BANKRUPTCY COUNSELING.
Describe the Organization's Program Activity:
CREDIT COUNSELING AND DEBT MANAGEMENT - SEE SCHEDULE O.
OTHER PROGRAMS - SEE SCHEDULE O
HOUSING COUNSELING AND EDUCATION - SEE SCHEDULE O.
SINCE 2005, MMI HAS BEEN APPROVED TO PROVIDE PRE-FILING BANKRUPTCY COUNSELING AND ISSUE COUNSELING CERTIFICATES IN COMPLIANCE WITH THE BANKRUPTCY CODE. MMI IS ALSO APPROVED TO DELIVER PRE-DISCHARGE BANKRUPTCY EDUCATION SERVICES ALONG WITH THE CERTIFICATE OF PARTICIPATION THAT ALLOWS THE CONSUMER TO PROCEED WITH THE BANKRUPTCY DISCHARGE PROCESS. IN 2022, MMI PROVIDED MORE THAN 500 COUNSELING SESSIONS FOR CONSUMERS PRIOR TO THEIR FILING FOR BANKRUPTCY AND 200 CONSUMERS PARTICIPATED IN PRE-DISCHARGE EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Triggs President & CEO | OfficerTrustee | 40 | $416,007 |
Douglas Durnin Audit Chair (term End 12/22) | Trustee | 3 | $0 |
Karen Ancillai Board Resources Chair | OfficerTrustee | 3 | $0 |
Greg Mcbride Compensation & Investment Chair | Trustee | 3 | $0 |
Elizabeth Hotze Director | Trustee | 3 | $0 |
William A Pupo Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simple A Llc Consulting Services | 12/30/22 | $1,123,649 |
Synergi Partners Inc Consulting Services | 12/30/22 | $949,278 |
Mj Brunner Inc Advertising Services | 12/30/22 | $526,023 |
Sequium Asset Solutions Consulting Services | 12/30/22 | $455,549 |
Callcentered Llc Consulting Services | 12/30/22 | $446,618 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,121,441 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,227,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,348,518 |
| Total Program Service Revenue | $23,448,084 |
| Investment income | $432,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,250,721 |
| 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. | $2,283,059 |
| Compensation of current officers, directors, key employees. | $1,622,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,109,831 |
| Pension plan accruals and contributions | $342,599 |
| Other employee benefits | $3,241,512 |
| Payroll taxes | $1,514,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $697,589 |
| Fees for services: Accounting | $51,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,248 |
| Fees for services: Other | $3,163,685 |
| Advertising and promotion | $2,000,469 |
| Office expenses | $923,168 |
| Information technology | $111,998 |
| Royalties | $0 |
| Occupancy | $746,606 |
| Travel | $193,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $411,399 |
| Interest | $17,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,451,859 |
| Insurance | $419,382 |
| All other expenses | $181,513 |
| Total functional expenses | $39,688,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,070,704 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,585,646 |
| 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 | $694,637 |
| Net Land, buildings, and equipment | $3,727,899 |
| Investments—publicly traded securities | $19,840,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,021,883 |
| Total assets | $39,941,484 |
| Accounts payable and accrued expenses | $4,000,372 |
| Grants payable | $0 |
| Deferred revenue | $2,420,769 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,169,019 |
| 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 | $567,834 |
| Total liabilities | $13,157,994 |
| Net assets without donor restrictions | $26,681,876 |
| Net assets with donor restrictions | $101,614 |
| 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 | $39,941,484 |