2018-04-10T15:17:40-05:00 2017-06-30 911194016 CLARK NUBER PS 10900 NE 4TH ST SUITE 1400 BELLEVUE WA 98004 990 2016-07-01 911163554 NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION NORT 2063748844 600 UNIVERSITY STREET NO 2409 SEATTLE WA 98101 CINDY R SEREMEK PRESIDENT 2063748844 2018-04-08 1 MEGAN RYAN P00737884 4254544919 2018-04-09 65.158.230.202 2018-04-08 09:08:22 PD P EE9472A6866F5D2CC65667176191C38BB98995E0 C070BA3AF7F6D7D87E83B9D9DF9412DF7C2C6F3F 2016 2021-01-29 14:40:06Z AMERICAN FINANCIAL SOLUTIONS CINDY R SEREMEK 600 UNIVERSITY STREET NO 2409 SEATTLE WA 98101 3837313 0 X WWW.MYFINANCIALGOALS.ORG X 1986 WA NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION PROMOTES, SUPPORTS, MAINTAINS, DEVELOPS, AND EXTENDS EDUCATIONAL OFFERINGS AND THE PURSUIT THEREOF AT OR IN CONNECTION WITH NORTH SEATTLE COLLEGE.AMERICAN FINANCIAL SOLUTIONS (AFS) IS A DIVISION OF NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION, THE MISSION OF WHICH IS TO EMPOWER PEOPLE TO IMPROVE THE QUALITY OF THEIR LIVES THROUGH FINANCIAL EDUCATION AND COUNSELING. WE REDIRECT A PORTION OF OUR PROCEEDS TO A FUND THAT PROVIDES STUDENT SCHOLARSHIPS, FACULTY GRANTS, AND OTHER ACADEMIC PROGRAMS FOR NORTH SEATTLE COLLEGE. 9 9 43 3 0 0 1289071 1226558 1699761 2115075 121381 151714 0 0 3110213 3493347 135000 246500 0 0 2057034 2040988 0 0 0 1596373 1772340 3788407 4059828 -678194 -566481 5329494 5255331 718818 1043104 4610676 4212227 X THE NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION (THE FOUNDATION) OPERATES EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED. - SEE SCHEDULE O 0 0 3374719 2115075 CONSUMER CREDIT COUNSELING PROGRAM TO ASSIST FINANCIALLY DISTRESSED INDIVIDUALS GAIN CONTROL OF PERSONAL FINANCIAL SITUATIONS THROUGH EDUCATION AND INDIVIDUALLY TAILORED SOLUTIONS. NET REVENUES ARE AVAILABLE AT THE DISCRETION OF THE BOARD TO FUND THE FOUNDATION'S FINANCIAL AND PROGRAMMATIC SUPPORT OF THE COLLEGE.CREDIT COUNSELING - AMERICAN FINANCIAL SOLUTIONS (AFS) HELPS CLIENTS FREE THEMSELVES FROM THE ANXIETY AND STRESS OF CREDIT, DEBT AND FINANCIAL WORRIES BY PROVIDING CREDIT COUNSELING, FINANCIAL EDUCATION AND DEBT MANAGEMENT SERVICES THAT PUT CLIENTS IN CONTROL OF THEIR FINANCIAL SUCCESS. 7,954 CLIENTS WERE COUNSELED IN A CONFIDENTIAL, ONE-ON-ONE COUNSELING SESSION, WHERE CERTIFIED CREDIT COUNSELORS HELP ASSESS CLIENTS' SITUATIONS AND IDENTIFY OPTIONS TO MANAGE AND PAY OFF DEBTS. THERE IS NO CHARGE FOR COUNSELING OR EDUCATION SERVICES. DEBT MANAGEMENT PLANS - ONE OF THE OPTIONS AVAILABLE TO CLIENTS WHO ARE STRUGGLING WITH REPAYING UNSECURED DEBT IS A DEBT MANAGEMENT PLAN. A DEBT MANAGEMENT PLAN IS A WAY TO CONSOLIDATE CREDIT AND UNSECURED DEBT INTO ONE MONTHLY PAYMENT THAT FITS WITHIN A CLIENT'S BUDGET, ALLOWING REPAYMENT OF DEBTS MORE QUICKLY OVER TIME THAN WOULD OTHERWISE BE POSSIBLE. CHARGES APPLY TO ENROLL IN DEBT MANAGEMENT PLANS BUT FEES ARE WAIVED IN CASES OF FINANCIAL HARDSHIP. THESE FEES ARE REGULATED BY THE 50 STATES IN WHICH AFS IS LICENSED AND BY INDUSTRY GUIDELINES DEVELOPED BY NON-PROFIT CREDIT COUNSELING AGENCIES. 3,232 DEBT MANAGEMENT PLANS WERE ENTERED INTO DURING THE FISCAL YEAR.HOME FORECLOSURE COUNSELING - AFS IS A SUB-GRANTEE OF THE WASHINGTON STATE HOUSING FINANCE COMMISSION, A HUD-APPROVED HOUSING COUNSELING AGENCY. AFS OFFERS ASSISTANCE TO CLIENTS TO HELP THEM TRY TO AVOID THE LOSS OF THEIR HOMES. IN CONFIDENTIAL, ONE-ON-ONE COUNSELING SESSIONS, 145 CLIENTS WERE OFFERED HELP BY AFS COUNSELORS WHO ASSESS THEIR SITUATIONS, INFORM THEM OF OPTIONS AND WORK DIRECTLY WITH THEIR LENDERS TO TRY TO FIND SOLUTIONS THAT WILL WORK FOR THE CLIENT. MORTGAGE COUNSELING SESSIONS ARE OFFERED FREE OF CHARGE TO CLIENTS.HOME BUYER COUNSELING - AFS ASSISTS CLIENTS TO PREPARE FOR HOME OWNERSHIP BY ASSESSING THEIR INCOME, ASSETS, MONTHLY EXPENSES AND DEBT. OUR COUNSELORS HELP CLIENTS UNDERSTAND THE LENDING PROCESS AND DETERMINE WHAT THEY CAN BORROW, ESTABLISH GOALS FOR SAVING FOR A DOWN PAYMENT AND INFORM THEM OF DOWN PAYMENT ASSISTANCE PROGRAMS IN THE LOCAL COMMUNITY. OUR HOUSING COUNSELORS WILL ASSIST WITH PREPARATION OF A HOME BUDGET INCLUDING EXPENSES RELATED TO THE HOME SUCH AS UTILITIES, MAINTENANCE, TAXES AND INSURANCE. THE COUNSELORS ALSO OFFER TO REVIEW LOAN DOCUMENTS TO ENSURE THAT THE CLIENT UNDERSTANDS THEM.COUNSELING BEFORE BANKRUPTCY - IN CONFIDENTIAL, ONE-ON-ONE COUNSELING SESSIONS, AFS CERTIFIED CREDIT COUNSELORS HELPED 120 CLIENTS ASSESS THEIR CURRENT INCOME AND ASSETS VERSUS MONTHLY EXPENSES AND DEBTS. WITH THIS INFORMATION, AFS CREATES AN ACCURATE AND DETAILED MONTHLY BUDGET THAT CAPTURES THE CLIENT'S OVERALL FINANCIAL SITUATION. THIS PROCESS ALLOWS THE COUNSELOR TO BETTER EXPLAIN WHAT BANKRUPTCY MEANS TO THE CLIENT AND THE POSSIBLE ALTERNATIVES FOR HANDLING DEBTS. AFS IS APPROVED BY THE EXECUTIVE OFFICE FOR U.S. TRUSTEES (EOUST) TO ISSUE CERTIFICATES OF CREDIT COUNSELING IN COMPLIANCE WITH THE BANKRUPTCY CODES OF ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEW HAMPSHIRE, NEW MEXICO, NEVADA, NEW JERSEY, NEW YORK, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WYOMING, WASHINGTON DC, AND WISCONSIN. APPROVAL DOES NOT ENDORSE OR ASSURE THE QUALITY OF AN AGENCY'S SERVICES.POST-BANKRUPTCY EDUCATION - THE BANKRUPTCY CODE REQUIRES CONSUMERS TO COMPLETE AN APPROVED FINANCIAL EDUCATION COURSE, ALSO KNOWN AS POST-BANKRUPTCY CREDIT COUNSELING, WITH AN APPROVED AGENCY BEFORE DEBTS CAN BE DISCHARGED. AFS PROVIDES THIS COURSE UTILIZING THE "MONEY IN MOTION" PROGRAM. AFS IS APPROVED BY THE EXECUTIVE OFFICE FOR U.S. TRUSTEES (EOUST) TO PROVIDE THE REQUIRED POST-BANKRUPTCY EDUCATION IN COMPLIANCE WITH THE BANKRUPTCY CODES OF ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING, AND WASHINGTON DC. THERE WERE 54 CLIENTS SERVED DURING THE YEAR.STUDENT LOAN COUNSELING - AFS CERTIFIED STUDENT LOAN COUNSELORS HELP PERSONS MANAGE THEIR STUDENT LOANS WITH A PLAN SPECIFICALLY TAILORED TO THEM. THE PROGRAM IS DESIGNED TO HELP CLIENTS SUCCESSFULLY MANAGE THEIR STUDENT LOAN DEBT AND AVOID THE NEGATIVE CONSEQUENCES OF LOAN DELINQUENCY AND DEFAULT. COUNSELORS HELP EVALUATE THE LOAN INFORMATION, REVIEW AVAILABLE PAYMENT OPTIONS AND PUT A PLAN IN PLACE FOR REPAYMENT. ADDITIONALLY, AFS, IN PARTNERSHIP WITH COLLEGES AND UNIVERSITIES, OFFERS ROADMAP FOR STUDENTS, A POWERFUL TOOLBOX OF DEBT MANAGEMENT RESOURCES THAT SUPPORT AND POSITION COLLEGES AND THEIR STUDENTS FOR CONTINUED SUCCESS BY REDUCING OR AVOIDING HIGH STUDENT LOAN DEFAULT RATES AND HOLISTICALLY APPROACHING STUDENTS' FINANCIAL SITUATIONS. COLLEGES AND UNIVERSITIES CAN PURCHASE THE PROGRAM FROM AFS AND OFFER IT TO THEIR STUDENTS AND ALUMNI. THE PROGRAM INCLUDES ONSITE CLASSES, TARGETED AND INTEGRATED EMAIL CAMPAIGNS, ONLINE CLASSES AND TOOLS, A MOBILE APP, WORKBOOKS, CLASS FLYERS, AND POSTERS. 246500 246500 SUPPORTS NORTH SEATTLE COLLEGE THROUGH FINANCIAL CONTRIBUTIONS FOR SCHOLARSHIPS, FACULTY GRANTS AND OTHER PURPOSES, AND BY PROVIDING FOUNDATION PERSONNEL THE RESOURCES FOR SPECIFIC EDUCATIONAL PROJECTS IN COLLABORATION WITH THE COLLEGE. 7315 PUBLIC EDUCATIONAL OUTREACH ACTIVITIES FOCUS ON CONSUMER DEBT AND OTHER PERSONAL FINANCE SUBJECTS, INCLUDING FREE WORKSHOPS, SEMINARS, PUBLICATIONS AND ONLINE COURSES. 2,665 INDIVIDUALS PARTICIPATED IN FACE TO FACE EDUCATION CLASSES, WHILE 3,149 INDIVIDUALS PARTICIPATED IN ON-LINE EDUCATION CLASSES.FINANCIAL LITERACY EDUCATION - IN JANUARY 2017, AMERICAN FINANCIAL SOLUTIONS LAUNCHED UPDATED VERSIONS OF OUR PERSONAL FINANCES COURSES, INVESTING IN YOURSELF. THE UPDATED VIDEOS AND COURSEWORK INCLUDE THE ORIGINAL EIGHT PART SERIES AND TWO ADDITIONAL COURSES, ROADMAP FOR STUDENTS, A GUIDE FOR PAYING FOR COLLEGE AND ROADMAP FOR STUDENTS, STUDENT LOAN REPAYMENT. THIS SERIES OF PROGRAMS IS FREE TO THE PUBLIC AND TEACHES THE ESSENTIALS OF SMART MONEY MANAGEMENT. AFS ALSO CONDUCTS WORKSHOPS IN THE WESTERN WASHINGTON COMMUNITY TO BUILD FINANCIAL LITERACY AND HELP INDIVIDUALS TO BETTER MANAGE THEIR MONEY. A VARIETY OF PROGRAMS ARE AVAILABLE FOR ADULTS, YOUNG ADULTS, PARENTS AND TEACHERS. 3628534 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 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 0 0 0 0 1 14 0 1 43 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CT IL MA MT OR WA X KIM NGUYEN 2063748855 600 UNIVERSITY STREET SUITE 2409 SEATTLE WA 98101 JEROME GRONFEIN CHAIRMAN 1.50 X X 2100 0 0 JOSEPH JAHN VICE-CHAIR 1.00 X X 2100 0 0 JAMES MEDLEY SECRETARY 1.00 X X 1800 0 0 CAROLYN BARTON DIRECTOR 1.00 X 0 0 0 WARREN BROWN DIRECTOR, EX OFFICIO 1.00 X 0 0 0 REED DAVIS DIRECTOR 1.00 X 2100 0 0 WILLIAMS JARVIS DIRECTOR 1.00 X 600 0 0 MARY ELLEN O'KEEFFE DIRECTOR 1.00 X 1800 0 0 V LEE REES DIRECTOR 1.00 X 2100 0 0 CINDY R SEREMEK PRESIDENT 40.00 X 154718 0 16577 THERESE COAD TREASURER 20.00 X 46153 0 4658 213471 0 21235 1 0 1 0 3C INCORPORATED 9755 PATUXENT WOODS DRIVE SUITE 10 COLUMBIA MD 21046 MARKETING 558755 GOOGLE 1600 AMPHITHEATER PARKWAY MOUNTAIN VIEW CA 94043 MARKETING 130508 2 X 94449 1132109 1226558 CLIENT/SETUP, NSF FEES 541990 2115075 2115075 2115075 118973 118973 376457 250 343966 0 32491 250 32741 32741 3493347 2115075 0 151714 246500 246500 235930 58982 176948 1469008 1414685 54323 24031 23073 958 167723 164343 3380 144296 139536 4760 31321 31321 33279 33279 14400 14400 852968 852968 121480 102020 19460 66007 58451 7556 214948 177987 36961 15748 3937 11811 24481 23458 1023 144160 84492 59668 PROCESSING & BANK FEES 124231 124231 LICENSES & PERMITS 44815 44815 DUES & SUBSCRIPTIONS 40688 36619 4069 CLIENT EDUCATION 7315 7315 36499 19401 17098 4059828 3628534 431294 0 428429 479395 2022382 1508912 27748 21187 61610 91405 474495 448056 43934 26439 2745391 3127993 5329494 5255331 225529 502904 493289 540200 718818 1043104 X 4610676 4212227 4610676 4212227 5329494 5255331 -566481 168032 0 X 0 1 X 1 0 X 2300804 1867050 1446935 1289071 1226558 8130418 2300804 1867050 1446935 1289071 1226558 8130418 4415356 3715062 37152 50104 88636 121381 118973 416246 8546664 9640950 0.43470 0.45910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 114189 111237 2952 360306 336819 23487 26439 3661379 168032 168032 3493347 0 3493347 4059828 0 4059828 0 4059828 PART IV, LINE 2B: AMERICAN FINANCIAL SOLUTIONS, A DIVISION OF NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION, COLLECTS PAYMENTS FROM CLIENTS THAT IT DISTRIBUTES TO VARIOUS CREDITORS ON THE CLIENT'S BEHALF IN ACCORDANCE WITH EACH CLIENT'S DEBT MANAGEMENT PLAN. THE AMOUNTS COLLECTED BUT NOT YET REMITTED TO CREDITORS ARE SHOWN AS CASH HELD IN TRUST WITH A CORRESPONDING LIABILITY FOR THE AMOUNTS HELD IN TRUST. 1 NORTH SEATTLE COLLEGE EDUCATION FUND 9600 COLLEGE WAY NORTH SEATTLE WA 98103 412178833 501(C)(3) 10000 SPONSORSHIP FOR AUCTION AND SCHOLARSHIPS FOR STUDENTS. NORTH SEATTLE COLLEGE 9600 COLLEGE WAY NORTH SEATTLE WA 98103 910826872 GOV'T ENTITY 236500 SCHOLARSHIPS FOR STUDENTS, FACULTY GRANTS, COLLEGE PROGRAMS AND OTHER ACADEMIC PURPOSES AT THE DISCRETION OF THE COLLEGE PRESIDENT. 2 0 PART I, LINE 2: NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION GRANTED FUNDS FOR SCHOLARSHIPS, FACULTY GRANTS AND OTHER PURPOSES. A SUMMARY IS RECEIVED FROM THE RECIPIENTS SHOWING HOW THE FUNDS WERE SPENT. X X X 0 0 0 0 0 0 0 0 0 CINDY R SEREMEK PRESIDENT 154718 0 0 0 0 0 4523 0 12054 0 171295 0 0 0 FORM 990, PART I, LINE 6 - VOLUNTEER ACTIVITIES: THERE WERE THREE VOLUNTEERS DURING THE YEAR. TWO VOLUNTEERS SERVED ON THE BOARD OF DIRECTORS, ONE AS AN EX-OFFICIO BOARD MEMBER AND ONE WHO SERVED WITHOUT ACCEPTING A MEETING FEE. THE OTHER VOLUNTEER PERFORMED ADMINISTRATIVE DUTIES FOR THE ORGANIZATION. THE ADDITIONAL SEVEN VOTING DIRECTORS OF THE BOARD CONTRIBUTED A SIGNIFICANT AMOUNT OF TIME TO THE ORGANIZATION. HOWEVER, THEY RECEIVED A NOMINAL MEETING FEE FOR THEIR SERVICE AND ARE THEREFORE NOT INCLUDED ON PART I, LINE 6 OF THE TAX RETURN. FORM 990, PART III, LINE 1, ORGANIZATION MISSION STATEMENT INCLUDING PROMOTING, SUPPORTING, MAINTAINING, DEVELOPING, AND EXTENDING EDUCATIONAL OFFERINGS AND THE PURSUIT THEREOF AT OR IN CONNECTION WITH NORTH SEATTLE COLLEGE. AMERICAN FINANCIAL SOLUTIONS (AFS) IS A DIVISION OF NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION, A NON-PROFIT 501(C)(3) TAX EXEMPT ORGANIZATION. AFS IS DEDICATED TO: -EDUCATING THE GENERAL PUBLIC ON THE PROPER USE OF CREDIT, DEBT MANAGEMENT, AND OTHER RELATED PURPOSES. -PROVIDING FINANCIAL SUPPORT TO NORTH SEATTLE COLLEGE TO FUND STUDENT SCHOLARSHIPS AND OTHER EDUCATIONAL PROGRAMS. NO PART OF THE NET EARNINGS OF THE FOUNDATION OR OF AFS INURES TO THE BENEFIT OF ANY PRIVATE PERSON OR ORGANIZATION OTHER THAN STUDENT SCHOLARSHIPS AND RELATED PROGRAMS OF NORTH SEATTLE COLLEGE. AFS WAS ESTABLISHED AS A PROGRAM OF THE FOUNDATION DURING THE FISCAL YEAR ENDED JUNE 30, 1999. AFS OPERATES A CONSUMER CREDIT COUNSELING PROGRAM AND AS SUCH, OFFERS COUNSELING, EDUCATION, REFERRAL RESOURCES, AND DEBT MANAGEMENT PROGRAMS TO ITS CALLERS. AFS ALSO OFFERS A VARIETY OF EDUCATIONAL AND COUNSELING RESOURCES AND PROGRAMS TO THE GENERAL PUBLIC AND COMMUNITY ORGANIZATIONS. THE PURPOSE OF THESE SERVICES IS TO ENABLE FINANCIALLY DISTRESSED PEOPLE TO HAVE A BETTER UNDERSTANDING OF THEIR PERSONAL FINANCES AND USE OF CREDIT BY OFFERING RESOURCES AND ALTERNATIVES TO THEM. PROGRAMS OFFERED INCLUDE FINANCIAL LITERACY EDUCATION, CREDIT COUNSELING, DEBT MANAGEMENT PLANS, HOME FORECLOSURE COUNSELING, COUNSELING BEFORE BANKRUPTCY, POST-BANKRUPTCY EDUCATION AND STUDENT LOAN COUNSELING. FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER IS PROVIDED A COPY OF THE FORM 990 AND ASKED TO REVIEW THE FORM AND PROVIDE ANY COMMENTS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS COMPLETE A CONFLICT OF INTEREST DISCLOSURE YEARLY. THE ORGANIZATION'S ATTORNEY REVIEWS ALL INFORMATION TO ENSURE THERE ARE NO CONFLICTS. IF A CONFLICT OF INTEREST ARISES WITH A BOARD MEMBER, THEY WILL NOT BE ABLE TO PARTICIPATE IN DISCUSSION OR VOTE ON SUCH TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND SETS THE SALARY OF THE CEO BASED UPON COMPARABILITY DATA. IN ADDITION, THEY APPROVE THE SALARIES SUGGESTED BY THE CEO FOR HER DIRECT REPORTS. SALARY REVISIONS WERE BASED ON LOCAL SALARY SURVEYS OBTAINED AND JOB PERFORMANCE. THE LAST COMPENSATION REVIEW WAS PERFORMED IN SEPTEMBER OF 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WOULD REVIEW EACH REQUEST AND IF DEEMED REASONABLE, PROVIDE COPIES OF THE REQUESTED DATA. FORM 990, PART VIII, LINE 2 NSF REFERS TO NON-SUFFICIENT FUNDS. I.R.C. SECTION 501(Q) DISCLOSURE THE INTERNAL REVENUE SERVICE HAS ESTABLISHED GUIDELINES FOR TAX EXEMPT CREDIT COUNSELING ORGANIZATIONS, WHICH ARE DESCRIBED IN IRC SECTION 501(Q). NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION REVIEWS THESE GUIDELINES EACH YEAR AND VERIFIES THAT IT DOES MEET THE REQUIREMENTS OF IRC SECTION 501(Q), AS FOLLOWS: THE ORGANIZATION PROVIDES CREDIT COUNSELING SERVICES TAILORED TO THE SPECIFIC NEEDS AND CIRCUMSTANCES OF THE CONSUMER; DOES NOT MAKE LOANS TO DEBTORS; PROVIDES ONLY INCIDENTAL SERVICES TO IMPROVE CONSUMER CREDIT RECORDS AND CREDIT HISTORY, AND DOES NOT CHARGE A SEPARATE FEE FOR SUCH SERVICES; DOES NOT REFUSE SERVICES BASED ON ABILITY TO PAY OR INELIGIBILITY/UNWILLINGNESS OF CONSUMER TO ENROLL IN A DEBT MANAGEMENT PLAN (DMP); CHARGES REASONABLE FEES AND PROVIDES WAIVERS IF CONSUMER IS UNABLE TO PAY; THE MAJORITY OF THE ORGANIZATION'S BOARD MEMBERS REPRESENT BROAD INTERESTS OF THE PUBLIC AND ARE NOT EMPLOYED BY THE ORGANIZATION OR BENEFIT FROM IT; THE ORGANIZATION DOES NOT HAVE OWNERSHIP IN AN ENTITY THAT IS INVOLVED IN THE CREDIT COUNSELING OR SIMILAR BUSINESS; AND DOES NOT PAY FOR REFERRALS OR RECEIVE AMOUNTS FOR PROVIDING REFERRALS FOR DEBT MANAGEMENT PLANS. IN ADDITION, THE ORGANIZATION DOES NOT SOLICIT CONTRIBUTIONS FROM CONSUMERS DURING THE INITIAL COUNSELING PROCESS, OR WHILE A CONSUMER IS RECEIVING SERVICES FROM THE ORGANIZATION; AND THE AMOUNT OF REVENUE THE ORGANIZATION RECEIVES FROM ITS CUSTOMERS' CREDITORS ATTRIBUTABLE TO DMP SERVICES DOES NOT EXCEED THE LIMIT OF 50 PERCENT OF TOTAL REVENUES.