Creditguard Of America Inc

Organization Overview

Creditguard Of America Inc is located in Fort Lauderdale, FL. The organization was established in 2017. 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, Creditguard Of America Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creditguard Of America 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 12/2023, Creditguard Of America Inc generated $5.1m 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 (6.5%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CREDIT COUNSELING AND DEBT MANAGEMENT ALONG WITH FREE FINANCIAL EDUCATION TO CONSUMERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

CREDIT COUNSELING AND DEBT MANAGEMENT ALONG WITH FREE FINANCIAL EDUCATION TO CONSUMERS


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Board, Officers & Key Employees

Name (title)Compensation
Shon Lees
CEO
$321,325
Roger Costa
Officers/dir
$101,249
Juan Valladares
Treasurer
$92,250
Dan Ducharme
Director
$0
Tim Hill
Director
$0
Doug Lindstrom
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,166,901
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,166,901
Total Program Service Revenue$3,859,788
Investment income $89,835
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 $5,116,524

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Creditguard Of America Inc
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Jonathan D Rosen Family Foundation Inc
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Consumer Financial Education Foundation Of America
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Association Of Independent Consumer Credit Counseling Agencies Inc
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Consolidated Credit Counseling Service Inc
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$319,926
Big Solutions
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