Consumer Credit Counseling Service Of Southern Oregon Inc
- Assets
- $1.5m
- Revenue
- $733.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Medford, OR
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 93-0585893
Organization Overview
Consumer Credit Counseling Service Of Southern Oregon Inc is located in Medford, OR. The organization was established in 1996. 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, Consumer Credit Counseling Service Of Southern Oregon Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer Credit Counseling Service Of Southern Oregon 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, Consumer Credit Counseling Service Of Southern Oregon Inc generated $733.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $702.4k during the year ending 12/2023. While expenses have increased by 10.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RECOGNIZE AND ADDRESS THE FINANCIAL CHALLENGES OF OUR CLIENTS AND OUR COMMUNITY. THROUGH PROFESSIONAL COUNSELING AND EDUCATION, WE ENDEAVOR TO PROMOTE FINANCIAL STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY PROVIDES FREE FINANCIAL COUNSELING, IN PERSON OR BY PHONE. COUNSELING IS CONFIDENTIAL AND IS PROVIDED BY A CREDIT COUNSELOR CERTIFIED BY THE NATIONAL FOUNDATION FOR CREDIT COUNSELING. IN 2023, WE CONDUCTED 1,2023 COUNSELING APPOINTMENTS. DURING THE APPOINTMENT, A PERSONALIZED BUDGET IS DEVELOPED AND A COMPREHENSIVE LIST OF CREDITORS IS CREATED. BASED ON THE PERSONS SPECIFIC FINANCIAL SITUATION, POSSIBLE OPTIONS ARE DISCUSSED. CLIENTS COMPLETE A FINANCIAL EXIT EVALUATION AND IN 2023 95% OF THE CLIENTS COUNSELED SAID THEY WOULD RATE OUR SERVICES AS EXCELLENT.
THE AGENCY PROVIDES DEBT MANAGEMENT PLANS FOR THOSE CLIENTS THAT QUALIFY FOR, AND ARE INTERESTED IN, REPAYING THEIR CREDITORS THROUGH OUR AGENCY. IN 2023 ABOUT 8% OF THE CLIENTS COUNSELED CHOSE THIS OPTION AS THE BEST OPTION FOR THEIR SITUATION. PAYMENTS TO CREDITORS ARE CALCULATED BY THE COUNSELOR ACCORDING TO CRITERIA ESTABLISHED BY THE CREDITORS. CLIENTS MAKE PAYMENTS TO THE AGENCY EVERY MONTH AND THOSE PAYMENTS ARE FORWARDED TO THEIR CREDITORS SETUP AND MONTHLY FEES ARE CHARGED, BUT CAN BE WAIVED IF THEY WOULD BE A BARRIER TO RECEIVING THE SERVICE.
THE AGENCY PROVIDES COMMUNITY EDUCATION AND PRESENTATIONS ON BUDGETING, CREDIT, GOAL SETTING, HOUSING, AND MONEY MANAGEMENT. IN 2023, A TOTAL OF 27 COMMUNITY PRESENTATIONS TO 4,323 PERSONS WERE MADE AT THE INVITATION OF THE AGENCYS COMMUNITY PARTNERS (FOR EXAMPLE; HEAD START, ADDICTIONS RECOVERY CENTER) FOR THEIR CLIENTS. PRESENTATIONS ARE GENERALLY MADE AT THE PARTNERS LOCATION SO THAT CLIENTS CAN FEEL COMFORTABLE ATTENDING AND THE EDUCATION CAN FIT THE CLIENTS OVERALL GOALS. MOST OF THE FUNDING COMES FROM GRANTS FROM LOCAL AND REGIONAL FOUNDATIONS AND CORPORATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Ihle CEO | Officer | 40 | $92,334 |
John Blackhurst Director | Trustee | 1 | $0 |
Jim Hayek Director | Trustee | 1 | $0 |
Fernando Medrano Secretary | OfficerTrustee | 4 | $0 |
Jose Bugarin Vice President | OfficerTrustee | 1 | $0 |
Rene L Ordonez Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,070 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,082 |
| Total Program Service Revenue | $442,470 |
| Investment income | $6,524 |
| 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 | $733,076 |
| 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. | $92,334 |
| Compensation of current officers, directors, key employees. | $8,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,765 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,803 |
| Payroll taxes | $32,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,040 |
| Advertising and promotion | $20,659 |
| Office expenses | $10,492 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,012 |
| Travel | $3,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,023 |
| Insurance | $5,934 |
| All other expenses | $4,197 |
| Total functional expenses | $702,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,959 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,712 |
| 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 | $4,000 |
| Net Land, buildings, and equipment | $5,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $855,520 |
| Total assets | $1,480,711 |
| Accounts payable and accrued expenses | $25,692 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,912 |
| 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 | $827,608 |
| Total liabilities | $881,212 |
| Net assets without donor restrictions | $599,499 |
| 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 | $1,480,711 |