2023-02-22T11:16:24-06:00 2022-06-30 561304727 BLACKMAN & SLOOP CPAS PA 1414 RALEIGH RD SUITE 300 CHAPEL HILL NC 27517 990 2021-07-01 562106758 CONSUMER EDUCATION SERVICES INC CONS 9198615324 3724 NATIONAL DRIVE SUITE 220 RALEIGH NC 27612 STEVEN COLE TREASURER 9198615324 2023-02-21 1 STEVEN COLE 999009999 ROBERT LEWIS P00332659 9199428700 2023-02-21 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z STEVEN COLE 3724 NATIONAL DRIVE SUITE 220 RALEIGH NC 27612 13325332 0 X WWW.CESISOLUTIONS.ORG X 1988 NC CONSUMER EDUCATION SERVICES, INC. EMPOWERS PEOPLE TO OVERCOME THEIR FINANCIAL CHALLENGES AND LEAD FINANCIALLY-HEALTHY LIVES. 5 5 86 20 0 0 2336133 2037006 3435370 2799972 1271210 2624141 69922 68552 7112635 7529671 250000 450000 0 0 4163202 2926176 0 0 0 2394215 2046888 6807417 5423064 305218 2106607 26795782 23360630 1770718 979555 25025064 22381075 X CONSUMER EDUCATION SERVICES, INC. EMPOWERS PEOPLE TO OVERCOME THEIR FINANCIAL CHALLENGES AND LEAD FINANCIALLY-HEALTHY LIVES. 0 0 2790175 1780240 THIS PROGRAM ASSISTS CLIENTS IN MANAGING THEIR PERSONAL FINANCES THROUGH THE PROVISION OF DEBT MANAGEMENT SERVICES, CREDIT COUNSELING, EDUCATION AND TRAINING, AND BUDGET PLANNING. CESI OFFERS ASSISTANCE OVER THE PHONE, ONLINE, AND IN PERSON. CERTIFIED CREDIT COUNSELOR'S DISCUSS VARIOUS OPTIONS WITH CLIENTS REGARDING FINANCIAL DECISIONS. THEY ASSESS INDIVIDUALS' PERSONAL FINANCIAL SITUATIONS AND ASSIST THEM IN DEVELOPING A BUDGET IN ORDER TO IMPROVE THEIR OVERALL CREDIT. DURING THE FISCAL YEAR ENDING JUNE 30, 2022 APPROXIMATELY 12,266 FINANCIALLY DISTRESSED INDIVIDUALS RECEIVED CREDIT COUNSELING AND FREE EDUCATIONAL RESOURCE MATERIALS. 478874 778634 THE HUD HOUSING PROGRAM OFFERS A WIDE VARIETY OF HOUSING COUNSELING SERVICES TO POTENTIAL HOMEBUYERS, RENTERS AND CURRENT HOMEOWNERS. THESE SERVICES INCLUDE EDUCATION THROUGH GROUP SESSIONS AND ON-ON-ONE COUNSELING. THE AREAS OF FOCUS ARE PRE-PURCHASE EDUCATION AND COUNSELING, RENTAL COUNSELING, FORECLOSURE PREVENTION COUNSELING, AND REVERSE MORTGAGE COUNSELING. CESI PROVIDED HOUSING STABILITY COUNSELING PROGRAM WITH ASSISTANCE TO 1,207 HOMEOWERS AND RENTERS BY REACHING OUT TO LOAN SERVICERS, LANDLORDS, EMERGENCY RENTAL ASSISTANCE FUNDERS, AND LOCAL/STATE HOUSING ASSISTANCE FUNDING PROGRAMS. CLIENTS WERE ALSO ASSISTED WITH BUDGETING NEEDS AND CREDIT REVIEW AND RECOMMENDATIONS AS WARRANTED. 331904 COMMUNITY EDUCATION OUTREACH- CESI SUPPORTS THE ADVANCEMENT OF FINANCIAL LITERACY EDUCATION WITHIN LOCAL AND STATE COMMUNITIES THROUGH A STRONG COMMUNITY OUTREACH PROGRAM. OUTREACH EFFORTS INCLUDE GROUP EDUCATION PROGRAMS, USUALLY IN PARTNERSHIP WITH LOCAL COMMUNITY AGENCIES OR EDUCATIONAL INSTITUTIONS. THE SECOND PART OF THE CESI OUTREACH EFFORT IS IN THE FORM OF FREE INDIVIDUAL FINANCIAL COUNSELING AT THE CESI CENTER WITH AN ACCREDITED CESI COUNSELOR. DURING THE YEAR ENDED JUNE 30, 2022, CESI CONDUCTED 58 CLASSES ASSISTING APPROXIMATELY 729 INDIVIDUALS. CESI OFFERS NUMEROUS FINANCIAL EDUCATIONAL RESOURCES, WHICH ARE EASILY ACCESSED BY ALL CONSUMERS AND NOT JUST CESI CUSTOMERS. THESE RESOURCES ARE DESIGNED TO HELP CONSUMERS BETTER MANAGE THEIR FINANCES AND TO ACHIEVE THE GOAL OF BECOMING DEBT FREE.IN ADDITION, CONSUMERS MAY PARTICIPATE IN CESI'S FREE ONLINE COURSES THROUGH CESI COMPREHENSIVE GUIDE TO PERSONAL FINANCE, WHICH PROVIDES A COMPREHENSIVE FINANCIAL LITERACY CURRICULAM THAT OFFERS SELF-PACED INSTRUCTIONAL SESSIONS. THIS PROGRAM ASSISTS CONSUMERS WITH THE NECESSARY SKILLS TO IMPROVE THEIR FINANCIAL MANAGEMENT PRACTICES THAT INCLUDE DEBT MANAGEMENT, MINIMIZING CREDIT CARD SPENDING, AND DEVELOPING A BUDGET. CESI ALSO OFFERS A VARIETY OF EDUCATIONAL RESOURCES THAT INCLUDE PERSONAL FINANCIAL CALCULATORS, A BI-MONTHLY E-NEWSLETTER, EDUCATIONAL BLOGS ON ON-LINE COMMUNITY MESSAGE BOARDS, AS WELL AS VARIOUS E-LEARNING RESOURCES SUCH AS VIDEO WEBCASTS. 743375 450000 241098 BANKRUPTCY COUNSELING- CESI OFFERS BANKRUPTCY COUNSELING FOR INDIVIDUALS IN NEED OF EITHER PRE-FILING CREDIT COUNSELING OR POST-FILING DEBTOR EDUCATION. BEFORE AN INDIVIDUAL FILES FOR CHAPTER 7 OR CHAPTER 13 BANKRUPTCY, A CREDIT COUNSELING CERTIFICATE FROM AN EXECUTIVE OFFICE FOR UNITED STATES TRUSTEES ( EOUST) APPROVED AGENCY IS REQUIRED. CESI PROVIDES THE REQUIRED COUNSELING FOR OUR CLIENTS IN ORDER TO OBTAIN THE CERTIFICATE. THIS CAN BE DONE BOTH ONLINE AND BY PHONE. AFTER COMPLETING THE CREDIT COUNSELING AND FILING FOR BANKRUPTCY, INDIVIDUALS ARE REQUIRED TO COMPLETE A DEBTOR EDUCATION COURSE BY AN EOUST APPROVED PROVIDER. THIS COURSE IS OFFERED BOTH ONLINE AND BY PHONE. BOTH PRE-CREDIT COUNSELING AND POST-CREDIT COUNSELING ARE PERFORMED BY CERTIFIED COUNSELORS.CESI ALSO PROVIDES SUPPORT OF THE CAROLINA COMMUNITY IMPACT, INC'S PROGRAMS. 743375 450000 241098 4344328 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 86 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC WV IL OR X X X STEVEN COLE 9198615324 3724 NATIONAL DRIVE SUITE 220 RALEIGH NC 27612 MICHAEL CROXSON PRESIDENT/CEO 30.00 10.00 X 235952 0 38787 JEAN ELIAS VICE PRESIDENT OF MARKETIN 40.00 X 159926 0 6982 STEVEN COLE TREASURER 40.00 X 102980 0 15147 DIANE CHEN CHAIRMAN / SECRETARY 5.00 5.00 X X 0 0 0 ALEXIS NELSON BOARD MEMBER 5.00 5.00 X 0 0 0 WAYNE STALLINGS BOARD MEMBER 5.00 X 0 0 0 ROBERT FITZGERALD BOARD MEMBER 5.00 X 0 0 0 NAVEED IFTIKHAR BOARD MEMBER 5.00 X 0 0 0 498858 0 60916 3 0 1 0 ENVOY MEDIA 30721 RUSSELL RANCH RD STE 140 WESTLAKE VILLAGE CA 91362 MARKETING 141366 1 793400 1243606 2037006 DEBT MANAGEMENT PROGRAM 522298 1780240 1780240 HOUSING STABILITY 531390 437930 437930 HOUSING SERVICES 531390 340704 340704 COUNSELING PROGRAMS 541990 241098 241098 2799972 439332 439332 4980470 3000000 4668781 1126880 311689 1873120 2184809 2184809 MISCELLANEOUS 900099 68552 68552 68552 7529671 2799972 0 2692693 450000 450000 525453 105090 420363 1894330 1716602 177728 315770 267120 48650 190623 144849 45774 36625 36625 114099 114099 79400 39700 39700 461617 456794 4823 234393 187514 46879 138969 111175 27794 43750 35000 8750 16417 13134 3283 1221 977 244 123 123 27905 23719 4186 58049 46439 11610 CREDIT COUNSELING 319411 319411 MISCELLANEOUS 167852 109978 57874 BANK FEES 127135 110749 16386 BANKRUPTCY COUNSELING 81402 81402 138520 124675 13845 5423064 4344328 1078736 0 4076764 2686798 30373 30376 333845 32300 327480 55110 53471 139623 56660 1029702 82963 18395778 18526448 2874210 1620794 26795782 23360630 326496 248061 129790 492968 367294 793400 200000 157854 34410 1770718 979555 X 24812564 22348775 212500 32300 25025064 22381075 26795782 23360630 X 2106607 -3750596 -1000000 X X 0 1 X 1 0 X 1900594 1794060 1771841 2336133 2037006 9839634 1900594 1794060 1771841 2336133 2037006 9839634 2392551 7447083 627790 486171 526873 374388 439332 2454554 80913 69922 68552 219387 12513575 0.59510 0.60530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER MISCELLANEOUS INCOME - 2019 AMOUNT: $ 80,913. 2020 AMOUNT: $ 69,922. 2021 AMOUNT: $ 68,552. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 95025 27671 67354 44598 28989 15609 82963 INTANGIBLE PROPERTY 1200000 NONQUALIFIED RETIREMENT PLAN ASSETS 34410 SECURITY DEPOSITS 9034 FUNDS HELD ON BEHALF OF OTHERS 377350 1620794 NONQUALIFIED RETIREMENT PLAN LIABILITES 34410 34410 PART IV, LINE 2B: CESI OFFERS DEBT MANAGEMENT PROGRAMS TO ASSIST CLIENTS IN PAYING THEIR UNSECURED DEBTS FUNDS RECIEVED FROM CLIENTS PARTICIPATING IN THE DEBT MANAGEMENT PROGRAM ARE DEPOSITED INTO VARIOUS DEPOSITORY ACCOUNTS AND IN TO A SEPARATE FOR THE BENEFIT OF OTHER ACCOUNT (THE "FBO ACCOUNT") ON A DAILY BASIS. FUNDS RESIDING IN THE FBO ACCOUNTS ARE DISBURSED TO CESI'S OPERATING ACCOUNT AS CONTRIBUTIONS MADE TO CESI BY CREDITORS AND/OR CLIENTS. CERTAIN STATES REQUIRE THAT CLIENTS FUNDS BE HELD IN A DEPOSITORY ACCOUNT WITHIN THAT STATE UNTIL THE RESPECTIVE CREDITORS ARE PAID. IN THIS SITUATION CREDITORS ARE PAID FROM MONIES FROM THIS STATE'S DEPOSITORY ACCOUNT. INTEREST INCOME EARNED ON FUNDS HELD IN THE VARIOUS RESTRICTED ACCOUNTS IS USED TO PAY FOR BANK FEES AND OTHER EXPENSES. CESI IS RESPONSIBLE FOR ANY EXCESS EXPENSE ARISING FROM THE ACTIVITIES OF THESE ACCOUNTS. 0 CAROLINA COMMUNITY IMPACT INC 3724 NATIONAL DRIVE SUITE 220 RALEIGH NC 27612 823990062 450000 0 TO SUPPORT CCI. 1 X 0 0 0 0 0 0 0 0 0 MICHAEL CROXSON PRESIDENT/CEO 235952 0 0 0 0 0 17465 0 21322 0 274739 0 0 0 JEAN ELIAS VICE PRESIDENT OF MARKETIN 159926 0 0 0 0 0 6302 0 680 0 166908 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 - THE PRESIDENT & CEO AND THE DIRECTOR OF FINANCE ARE RESPONSIBLE FOR REVIEWING AND APPROVING THE FORM 990 AND THE FORM 990-T BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ANNUALLY ON A CONFLICT OF INTEREST FORM. ANY KNOWN CONFLICTS OF INTEREST REQUIRE IMMEDIATE DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIALS - THE BOARD OF DIRECTORS GENERALLY DETERMINES AND REVIEWS THE SALARY OF THE PRESIDENT AND CEO. COMPENSATION PROCESS FOR OFFICERS - THE BOARD OF DIRECTORS GENERALLY DETERMINES AND REVIEWS THE SALARY OF KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION CESI MAKES IT GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS -1,000,000. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. BARRETT RESOURCES LLC 3700 BARRETT DRIVE RALEIGH NC 27609 843406327 PROVIDES TRIAGE FINANCIAL ASSISTANCE TO CONSUMERS NC 29312 CONSUMER EDUCATION SERVICES INC CAROLINA COMMUNITY IMPACT INC 3700 BARRETT DRIVE RALEIGH NC 27609 823990062 LOANS NC 501(C)(3) 12C CONSUMER EDUCATION SERVICES INC 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 CAROLINA COMMUNITY IMPACT INC O 383538 ACTUAL AMOUNT PAID CAROLINA COMMUNITY IMPACT INC B 450000 ACTUAL AMOUNT PAID