Consumer Credit Counseling Service Of Western North Carolina Inc
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Asheville, NC
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 56-1056077
Organization Overview
Consumer Credit Counseling Service Of Western North Carolina Inc, operating under the name OnTrack Financial Education & Counseling, is located in Asheville, NC. The organization was established in 0000. 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 06/2022, OnTrack Financial Education & Counseling employed 17 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. OnTrack Financial Education & Counseling 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 06/2022, OnTrack Financial Education & Counseling generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ONTRACK WNC HELPS PEOPLE ACHIEVE THEIR MONEY AND HOUSING GOALS THROUGH FINANCIAL EDUCATION, COUNSELING AND SUPPORTS SO THAT THEY CAN OVERCOM CRISES, AFFORD BASIC NEEDS, IMPROVE MONEY MANAGEMENT SKILLS AND MAKE SOUND FINANCIAL CHOICES ROOTED IN THEIR VALUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT AND MONEY MANAGEMENT PROGRAM INCLUDES FACE-TO-FACE COUNSELING AND GROUP EDUCATION TO ASSIST CLIENTS WITH BUDGETING, CREDIT, STUDENT LOANS AND DEBT MANAGEMENT PLANS. OUR FINANCIAL CAPABILITIES APPROACH MOVES CLIENTS TOWARD THEIR MONEY AND HOUSING GOALS BY PROVIDING INFORMATION, ACTION PLAN DEVELOPMENT AND SUPPORTIVE ACCOUNTABILITY. COUNCELORS ARE CERTIFIED BY THE NATIONAL FOUNDATION FOR CREDIT COUNSELING. THIS PROGRAM AREA ALSO INCLUDES THE SERVICES OF THE WOMEN'S FINANCIAL EMPOWERMENT CENTER, THE FREE TAX PREPARATION PROGRAM, AND THE SECURE PROGRAM TO BUILD EMERGENCY FUNDS FOR LOW INCOME HOUSEHOLDS.
THE HOUSING PROGRAMS OFFER FACE-TO-FACE COUNSELING AND GROUP EDUCATION TO HELP CLIENTS OBTAIN AND MAINTAIN HOUSING, WHETHER THEY RENT OR OWN OR IN THE PROCESS OF BUYING THEIR FIRST HOME. SERVICE AREAS INCLUDE RENTAL, PRE-PURCHASE, REVERSE MORTGAGES AND FORECLOSURE PREVENTION. THIS PROGRAM AREA INCLUDES THE EMPLOYER-ASSISTED MATCHED SAVINGS HOUSING PROGRAMS WHICH ARE MANAGED BY LOCAL EMPLOYERS TO ASSIST THEIR EMPLOYEES WITH HOMEBUYING. THIS ORGANIZATION IS A CERTIFIED HUD HOUSING COUNSELING AGENCY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celeste Collins Executive Director | Officer | 40 | $103,722 |
Dave Werle President | OfficerTrustee | 2 | $0 |
Manori Dockery Vice-President | OfficerTrustee | 2 | $0 |
Amanda Cobb Treasurer | OfficerTrustee | 2 | $0 |
Robert Slagle Secretary | OfficerTrustee | 2 | $0 |
Harli Palme Immediate Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,462 |
| Membership dues | $0 |
| Fundraising events | $41,500 |
| Related organizations | $0 |
| Government grants | $575,040 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,289 |
| Noncash contributions included in lines 1a–1f | $3,792 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,034,291 |
| Total Program Service Revenue | $30,389 |
| Investment income | $22,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,767 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,072,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,454 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,030 |
| Compensation of current officers, directors, key employees. | $8,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $637,810 |
| Pension plan accruals and contributions | $16,226 |
| Other employee benefits | $66,566 |
| Payroll taxes | $52,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,163 |
| Advertising and promotion | $5,504 |
| Office expenses | $50,621 |
| Information technology | $27,805 |
| Royalties | $0 |
| Occupancy | $66,441 |
| Travel | $1,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,897 |
| Interest | $2,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,405 |
| Insurance | $9,617 |
| All other expenses | $529 |
| Total functional expenses | $1,188,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,812 |
| Savings and temporary cash investments | $1,291,430 |
| Pledges and grants receivable | $78,689 |
| Accounts receivable, net | $99,985 |
| 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 | $19,879 |
| Net Land, buildings, and equipment | $28,948 |
| Investments—publicly traded securities | $226,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,015,987 |
| Accounts payable and accrued expenses | $77,207 |
| Grants payable | $684,985 |
| Deferred revenue | $156,239 |
| 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 | $30,630 |
| Total liabilities | $949,061 |
| Net assets without donor restrictions | $517,970 |
| Net assets with donor restrictions | $548,956 |
| 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 | $2,015,987 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Consumer Credit Counseling Service Of Western North Carolina Inc has recieved totaling $95,367.
| Awarding Organization | Amount |
|---|---|
North Carolina Housing Coalition Inc Durham, NC | | $56,026 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: BUILDING COMMUNITY & ECONOMIC VITALITY | $15,750 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,000 |
Henderson County United Way Inc Hendersonville, NC PURPOSE: GENERAL SUPPORT | $6,778 |
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: FINANCIAL EDUCATION SUPPORT | $6,766 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Endowment Analysis
| Beg. Balance | $248,048 |
| Earnings | -$22,804 |
| Ending Balance | $225,244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Credit Union Greeneville, TN | $557,161,210 | $15,832,085 |
Consumer Education Services Inc Raleigh, NC | $23,360,630 | $7,529,671 |
Housing Consultants Group Greensboro, NC | $1,106,215 | $2,683,425 |
Motley Fool Foundation Alexandria, VA | $13,206,539 | $15,812,396 |
Financial Pathways Of The Piedmont Inc Winstonsalem, NC | $1,642,751 | $1,849,365 |
Consumer Credit Counseling Service Of Western North Carolina Inc Asheville, NC | $2,015,987 | $1,072,793 |
Consumer Credit Insurance Association Rocky Mount, NC | $1,066,199 | $942,381 |
American Financial Education Alliance Charlotte, NC | $225,082 | $614,339 |
D&e A Financial Education And Training Institute Inc East Point, GA | $953,735 | $847,505 |
Level Up 700 Incorporated Atlanta, GA | $69,929 | $257,513 |
Consumer Credit Counseling Service Of The Savannah Area Inc Savannah, GA | $1,147,306 | $564,336 |
Increasing H O P E North Charleston, SC | $127,870 | $448,680 |