Take Charge America Inc
- Assets
- $31.3m
- Revenue
- $7.5m
- Investments
- $5.0k
- Employees
- 88
- Location
- Phoenix, AZ
- Founding
- 01/2014
- Data as of
- 06/2024
- EIN
- 86-0593598
Organization Overview
Take Charge America Inc is located in Phoenix, AZ. The organization was established in 2014. 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 06/2024, Take Charge America Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Take Charge 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 06/2024, Take Charge America Inc generated $7.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $7.6m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL EDUCATION AND SERVICES TO IMPROVE THE LIVES OF INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL CREDIT COUNSELING - SEE SCHEDULE O.
HOUSING: TAKE CHARGE AMERICA HELPED NEARLY 610 ARIZONANS IN FISCAL YEAR 2024 THROUGH A WIDE RANGE OF HUD-APPROVED HOUSING COUNSELING AND EDUCATIONAL SERVICES. TCA OFFERS SERVICES DESIGNED FOR EACH INDIVIDUAL'S NEEDS, WHETHER THEY RENT, OWN, OR WANT TO BUY. SPECIALIZED COUNSELING IS ALSO AVAILABLE FOR THOSE NEEDING RENTAL ASSISTANCE OR GUIDANCE IN RESOLVING DELINQUENCIES IN PAST DUE RENT AND MORTGAGE PAYMENTS. THE ORGANIZATION WORKS WITH A HOUSING INTERMEDIARY TO OBTAIN HUD GRANT FUNDS TO PROVIDE TO CLIENTS.
STUDENT LOAN COUNSELING: TCA'S CERTIFIED COUNSELORS HELPED FEDERAL STUDENT LOAN BORROWERS NAVIGATE THE VARIOUS REPAYMENT OPTIONS AVAILABLE TO DETERMINE THE BEST OPTION FOR EACH SPECIFIC SITUATION. WHETHER USING THE SELF-GUIDED ONLINE SERVICE OR WITH THE AID OF ONE OF OUR REPRESENTATIVES ACTING AS A CONSUMER ADVOCATE, TCA ENSURED THAT EACH CLIENT FIND THE BEST REPAYMENT PLAN AVAILABLE. IN FISCAL YEAR 2024, TCA HAS NOT HELPED ANY CLIENTS ADDRESS THEIR STUDENT LOAN DEBT SITUATIONS AS THE COUNSELING SERVICE IS STILL PAUSED FROM SEPTEMBER 2022 AND HAS NOT BEEN RESUMED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Gilbertsen Chair | OfficerTrustee | 2 | $0 |
Deborah Haynes Vice Chair | OfficerTrustee | 1 | $0 |
Brenda Blunt Director | Trustee | 1 | $0 |
Kerwin Brown Director | Trustee | 1 | $0 |
Jody Davis Director | Trustee | 1 | $0 |
Jonathan Fox Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trapp Technology Llc It Support | 6/29/22 | $388,679 |
Nfcc Marketing | 6/29/22 | $154,814 |
Mitel Networks It Support | 6/29/22 | $100,623 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,826,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,826,880 |
| Total Program Service Revenue | $3,581,866 |
| Investment income | $827,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $191,103 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,454,960 |
| 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. | $588,108 |
| Compensation of current officers, directors, key employees. | $303,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,283,127 |
| Pension plan accruals and contributions | $40,437 |
| Other employee benefits | $30,495 |
| Payroll taxes | $266,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,233 |
| Fees for services: Accounting | $41,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,080 |
| Fees for services: Other | $697,917 |
| Advertising and promotion | $407,408 |
| Office expenses | $502,294 |
| Information technology | $162,602 |
| Royalties | $0 |
| Occupancy | $179,619 |
| Travel | $50,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,723 |
| Insurance | $426,603 |
| All other expenses | $6,803 |
| Total functional expenses | $7,598,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,173,415 |
| Savings and temporary cash investments | $1,218,928 |
| Pledges and grants receivable | $174,119 |
| Accounts receivable, net | $198,847 |
| 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 | $114,987 |
| Net Land, buildings, and equipment | $90,314 |
| Investments—publicly traded securities | $27,419,867 |
| Investments—other securities | $5,000 |
| Investments—program-related | $150,000 |
| Intangible assets | $0 |
| Other assets | $785,275 |
| Total assets | $31,330,752 |
| Accounts payable and accrued expenses | $354,839 |
| Grants payable | $0 |
| Deferred revenue | $187,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $897,922 |
| 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 | $727,257 |
| Total liabilities | $2,167,518 |
| Net assets without donor restrictions | $29,163,234 |
| 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 | $31,330,752 |