Credit Abuse Resistance Education
- Assets
- $328.0k
- Revenue
- $208.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Alexandria, VA
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-0788458
Organization Overview
Credit Abuse Resistance Education is located in Alexandria, VA. The organization was established in 2016. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Abuse Resistance Education 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 12/2021, Credit Abuse Resistance Education generated $208.1k 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 (20.2%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE IS A FREE FINANCIAL LITERACY INITIATIVE THAT MAKES EXPERIENCED MEMBERS OF THE BANKRUPTCY AND BUSINESS COMMUNITY AVAILABLE TO MAKE PRESENTATIONS ON BASIC FINANCIAL MANAGEMENT SKILLS TO HIGH SCHOOLS, COLLEGES AND OTHER GROUPS. THEY ARE MADE DURING INDIVIDUAL CLASSROOM PERIODS OR TO LARGER STUDENT GROUPS SUCH AS STUDENT ASSEMBLIES, EITHER IN PERSON OR VIRTUALLY. CARE'S PRIMARY TARGET IS HIGH SCHOOL SENIORS AND COLLEGE FRESHMAN THAT ARE MOST AT RISK BECAUSE THEY ARE DRIVEN BY HIGH COLLEGE COSTS TO INCUR UNSUSTAINABLE STUDENT LOAN DEBT AND MARKETED BY THE CREDIT CARD INDUSTRY AT A TIME WHEN THEY CARRY A VERY LOW FINANCIAL I.Q.
DEVELOPMENT OF EDUCATIONAL MATERIALS ABOUT FINANCIAL LITERACY TO BE DISTRIBUTED TO THE PUBLIC.
DEVELOPING AND PROVIDING FINANCIAL LITERACY EDUCATION THROUGH WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Hettinger Executive Director | Officer | 40 | $168,962 |
Patrick Clisham Secretary | OfficerTrustee | 3 | $0 |
Dan Fisher Chair | OfficerTrustee | 3 | $0 |
Ted King Treasurer | OfficerTrustee | 3 | $0 |
David Bird Board Member | Trustee | 1 | $0 |
Victor Owens Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,089 |
| Total Program Service Revenue | $0 |
| Investment income | $30 |
| 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 | $208,119 |
| 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. | $184,539 |
| Compensation of current officers, directors, key employees. | $27,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,286 |
| Fees for services: Management | $48,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,532 |
| Advertising and promotion | $2,251 |
| Office expenses | $1,303 |
| Information technology | $11,658 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,586 |
| All other expenses | $0 |
| Total functional expenses | $320,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,014 |
| Savings and temporary cash investments | $264,251 |
| Pledges and grants receivable | $6,152 |
| Accounts receivable, net | $11,195 |
| 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 | $1,402 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $328,014 |
| Accounts payable and accrued expenses | $34,836 |
| 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 | $34,836 |
| Net assets without donor restrictions | $285,204 |
| Net assets with donor restrictions | $7,974 |
| 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 | $328,014 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Credit Abuse Resistance Education has recieved totaling $13,424.
| Awarding Organization | Amount |
|---|---|
Ecmc Foundation Minneapolis, MN PURPOSE: General Support | $10,000 |
The Becket Family Foundation Malvern, PA PURPOSE: UNRESTRICTED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $624 |
First Eagle Investment Management Foundation Wilmington, DE PURPOSE: GENERAL PURPOSE | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Tenn Human Resource Agency Inc Knoxville, TN | $20,466,958 | $48,339,274 |
Lions Services Inc Charlotte, NC | $6,497,878 | $15,970,949 |
Gateway Community Services West Liberty, KY | $5,832,121 | $17,974,926 |
Jack & Jill Of America Inc Washington, DC | $9,408,863 | $16,824,619 |
Jewish Community Center Of Baltimore Inc Owings Mills, MD | $10,312,244 | $15,367,290 |
Hope House Foundation Inc Norfolk, VA | $8,074,708 | $12,111,448 |
Sertoma Center Inc Knoxville, TN | $10,787,048 | $12,520,977 |
Giffords Washington, DC | $9,121,826 | $14,275,071 |
Jack And Jill Of America Incorporated Washington, DC | $8,719,734 | $12,985,357 |
Randolph Community Service Inc Randleman, NC | $1,820,869 | $8,445,154 |
Virginia Regional Transit Purcellville, VA | $16,382,383 | $8,231,477 |
Jaars Inc Waxhaw, NC | $12,433,340 | $6,450,483 |