Bedrock Credit America Inc
- Assets
- $2.9k
- Revenue
- $202.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Southbury, CT
- Founding
- Data as of
- 12/2023
- EIN
- 88-1829727
Organization Overview
Bedrock Credit America Inc is located in Southbury, CT. 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, Bedrock Credit America Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bedrock Credit 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, Bedrock Credit America Inc generated $202.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 47.0% each year . All expenses for the organization totaled $209.7k during the year ending 12/2023. While expenses have increased by 51.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THERE IS A GENERAL LACK OF UNDERSTANDING AS TO HOW THE CREDIT SYSTEM WORKS AND WHAT CAN BE DONE TO MAINTAIN PROPER CREDIT. BEDROCK CREDIT AMERICA (BCA) PLANS TO CORRECT THIS PROBLEM THROUGH COMMUNITY OUTREACH AND EDUCATION. THE ORGANIZATION HAS BEEN ESTABLISHED TO FULFILL SEVERAL CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE (THE CODE), INCLUDING: (1) PROVIDING RELIEF FOR THE POOR, DISTRESSED AND THE UNDERPRIVILEGED; (2)SUPPORTING UNDERACKNOWLEDGED INDIVIDUALS ON MATTERS BOTH USEFUL TO THE INDIVIDUALS AND BENEFICIAL TO THE COMMUNITY; (3) COMBATING COMMUNITY DETERIORATION; AND (4) ELIMINATING PREJUDICE AND DISCRIMINATION WITHIN THE COMMUNITY. BCA WILL SERVE THE UNDERPRIVILEGED WITHIN THE COMMUNITIES BY OFFERING FREE CREDIT EDUCATION AND PRACTICAL APPLICATION BY CREATING CUSTOMIZED EDUCATION AND ACTION PLANS FOR INDIVIDUALS. THIS WILL ALLOW SPECIFIC ISSUES TO BE ADDRESSED IN AN EASY-TO-UNDERSTAND MANNER AND CREATE HOPE FOR THOSE WHO ARE CURRENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH PUBLIC OUTREACH AND EDUCATION, BEDROCK CREDIT AMERICA IS PROVIDING TO THE PUBLIC AN UNDERSTANDING OF HOW THE CREDIT SYSTEM WORKS AND WHAT CAN BE DONE TO MAINTAIN PROPER CREDIT.
THROUGH PUBLIC OUTREACH AND EDUCATION, BEDROCK CREDIT AMERICA IS PROVIDING TO THE PUBLIC AN UNDERSTANDING OF HOW THE CREDIT SYSTEM WORKS AND WHAT CAN BE DONE TO MAINTAIN PROPER CREDIT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Barreto Director | Trustee | $0 | |
Greg Beno Director | Trustee | $0 | |
Jason Poniatowski Director | Trustee | $0 | |
Stephen Preisig Exec Directo | Trustee | $0 | |
Linda Suarez Director | Trustee | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $202,738 |
| 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 | $202,738 |
| 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 | $144,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,231 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $12,980 |
| Royalties | $0 |
| Occupancy | $13,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $329 |
| All other expenses | $0 |
| Total functional expenses | $209,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,948 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,948 |
| Accounts payable and accrued expenses | $6,896 |
| 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 | $6,896 |
| Net assets without donor restrictions | -$3,948 |
| 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 | $2,948 |