Alliance Credit Counseling Inc
- Assets
- $217.7k
- Revenue
- $283.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Charlotte, NC
- Founding
- 02/2001
- Data as of
- 06/2020
- EIN
- 56-2196261
Organization Overview
Alliance Credit Counseling Inc is located in Charlotte, NC. The organization was established in 2001. 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 06/2020, Alliance Credit Counseling Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance 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.
For the year ending 06/2020, Alliance Credit Counseling Inc generated $283.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $448.1k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (18.4%) per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE ASSISTANCE FOR THE POOR AND DISTRESSED AND FINANCIAL EDUCATION FOR THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Porter President/ S | OfficerTrustee | 40 | $41,787 |
Kerry P Porter Treasurer | OfficerTrustee | 20 | $21,542 |
Joe Carlson Board Member | Trustee | 1 | $0 |
Charles E Oliphant CPA Board Member | Trustee | 1 | $0 |
Douglass C Colbert Jr MBA Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,391 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,654 |
| Total Program Service Revenue | $141,824 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $283,478 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,427 |
| Payroll taxes | $11,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,278 |
| Advertising and promotion | $0 |
| Office expenses | $38,814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,173 |
| Travel | $4,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $384 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,887 |
| Insurance | $31,838 |
| All other expenses | $0 |
| Total functional expenses | $448,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,504 |
| 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 |
| Net Land, buildings, and equipment | $25,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,424 |
| Total assets | $217,743 |
| Accounts payable and accrued expenses | $9,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,674 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $48,300 |
| Other liabilities | $0 |
| Total liabilities | $75,807 |
| Net assets without donor restrictions | $141,936 |
| 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 | $217,743 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alliance Credit Counseling Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Homefree Usa Inc Landover, MD PURPOSE: Property purchased for renovation and sale ot low and moderate income potential home owners. | $0 |
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 |