Consumer Education And Training Services
- Assets
- $325.8k
- Revenue
- $254.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Seattle, WA
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 91-2061723
Organization Overview
Consumer Education And Training Services is located in Seattle, WA. The organization was established in 2000. 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 12/2022, Consumer Education And Training Services employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer Education And Training Services 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 12/2022, Consumer Education And Training Services generated $254.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $220.9k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONSUMER BANKRUPTCY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEBT SLAPPED DEBT SLAPPED HELPS HIGH SCHOOL STUDENTS OBTAIN CRITICAL INFORMATION SO THEY CAN MAKE INFORMED DECISIONS ABOUT THEIR POSTSECONDARY EDUCATION. CENTS MAIN FOCUS FOR 2022 WAS TO EMBARK ON A DIVERSITY, EQUITY AND INCLUSION OUTREACH TOUR FOCUSING ON SCHOOLS WITH HIGHER POPULATIONS OF BLACK, INDIGENOUS AND PEOPLE OF COLOR BIPOC STUDENTS SCHOOLS WITH HIGHER PERCENTAGES OF STUDENTS ELIGIBLE FOR FREE OR REDUCED LUNCHES AND SCHOOLS IN DIFFERENT REGIONS OF WASHINGTON. CENTS HELD 108 PRESENTATIONS STATEWIDE FOR STUDENTS AND 15 TRAININGS FOR EDUCATORS, REACHING OVER 1,200 STUDENTS AND 80 TEACHERS. THE PROGRAM IS EFFECTIVE AND WELL RECEIVED BY BOTH TEACHERS AND STUDENTS. BY COMPARING THE PRE-ASSESSMENT TESTS TO THE POST-ASSESSMENT TESTS, STUDENTS ARE MAKING SIGNIFICANT GAINS IN THE KNOWLEDGE THEY LEARN FROM THE PRESENTATIONS. OVER 90 OF STUDENTS MARK IN THEIR EVALUATIONS THE WOULD RECOMMEND OUR PROGRAM TO A FRIEND.
SENIOR MONEY SENIOR MONEY WAS ORIGINALLY DEVELOPED WITH WASHINGTON ATTORNEY BOB FERGUSON AND IT HELPS SENIOR CITIZENS IDENTIFY AND AVOID SCAMS. CENTS HAS PIVOTED TO PROVIDING REMOTE PRESENTATIONS AT SENIOR CENTERS ACROSS WASHINGTON AND CONTRIBUTING ARTICLES TO THEIR NEWSLETTERS. IN 2022, CENTS WROTE EIGHT MONTHLY ARTICLES FOR THE NEWSLETTERS OF SEVERAL SENIOR CENTERS.
DEBT SLAPPED FOR PARENTS ALSO KNOWN AS DONT GET DEBT FOR PARENTS/PLANNING FOR HIGHER EDUCATION FOR FAMILIES CENTS PARTNERED WITH THE WA529 TO PROMOTE CENTS FREE RESOURCE TO HELP PARENTS OF K-12 STUDENTS PLAN FOR THEIR CHILDRENS FUTURE HIGHER EDUCATION. THE PROGRAM CONSISTS OF AN ACTIVITY WORKBOOK, RESOURCE GUIDE AND VIDEO. IN 2022, CENTS UPDATED THE WRITTEN MATERIALS AND ENHANCED ITS VIDEO WHICH WILL FURTHER HELP PARENTS STRATEGIZE AND PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Leahy Executive Director | Trustee | 60 | $155,000 |
Sandra Jones President | OfficerTrustee | 2 | $0 |
Jennifer Aspaas Director | Trustee | 1 | $0 |
David Neu Director | Trustee | 1 | $0 |
Brian Free Director | OfficerTrustee | 1 | $0 |
Melissa Huelsman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,034 |
| Related organizations | $0 |
| Government grants | $102,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,289 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,632 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,952 |
| 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. | $172,482 |
| Compensation of current officers, directors, key employees. | $21,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,335 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $350 |
| Payroll taxes | $13,441 |
| Fees for services: Management | $3,082 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,440 |
| Advertising and promotion | $333 |
| Office expenses | $2,159 |
| Information technology | $392 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $436 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,157 |
| All other expenses | $439 |
| Total functional expenses | $220,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,123 |
| Savings and temporary cash investments | $125,416 |
| 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 | $265 |
| Total assets | $325,804 |
| Accounts payable and accrued expenses | $728 |
| Grants payable | $0 |
| Deferred revenue | $16,000 |
| 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 | $10,000 |
| Other liabilities | $0 |
| Total liabilities | $26,728 |
| Net assets without donor restrictions | $0 |
| 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 | $299,076 |
| Total liabilities and net assets/fund balances | $325,804 |