CONSUMER EDUCATION SERVICES INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- CONSUMER EDUCATION SERVICES INC (EIN 56-2106758)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-02-13
- IRS object ID
- 201640449349300604
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-02-13T07:06:24-06:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 200427530 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RIVES & ASSOCIATES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4515 FALLS OF NEUSE ROAD SUITE 450 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27609 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562106758 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONSUMER EDUCATION SERVICES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CONS | BusinessNameControlTxt |
| Phone | 9198615340 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3700 BARRETT DR | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27609 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVEN COLE | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 9198615340 | PhoneNum |
| Signature | 2015-12-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS B CORNWELL CPA | PreparerPersonNm |
| PTIN | P00901347 | PTIN |
| Phone | 9198326848 | PhoneNum |
| Preparation | 2016-02-01 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DIANE CHEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3700 BARRETT DR | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27609 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,669,918 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CESISOLUTIONS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1998 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | CONSUMER EDUCATION SERVICES, INC ("CESI") IS A NON-PROFIT SERVICE PROVIDER FOR COMPREHENSIVE PERSONAL FINANCIAL EDUCATION AND SOLUTIONS FOR ALL LIFE STAGES AND FOR ALL LIFE'S MILESTONES. OUR GOAL IS ENHANCED ECONOMIC SECURITY FOR EVERYONE WE SERVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 98 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $175,110 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $44,198 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,927,709 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,724,938 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $9,613,496 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,998,796 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,985,446 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,801,013 | CYInvestmentIncomeAmt |
| PY Other Revenue | $24,875 | PYOtherRevenueAmt |
| CY Other Revenue | $21,888 | CYOtherRevenueAmt |
| PY Total Revenue | $15,551,526 | PYTotalRevenueAmt |
| CY Total Revenue | $10,546,635 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,200,917 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,264,442 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,895,684 | PYOtherExpensesAmt |
| CY Other Expenses | $6,493,861 | CYOtherExpensesAmt |
| PY Total Expenses | $13,096,601 | PYTotalExpensesAmt |
| CY Total Expenses | $10,758,303 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,454,925 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$211,668 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $36,346,440 | TotalAssetsBOYAmt |
| Total Assets EOY | $36,723,307 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,992,829 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,755,448 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $34,353,611 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $32,967,859 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CONSUMER EDUCATION SERVICES, INC ("CESI") IS A NON-PROFIT SERVICE PROVIDER FOR COMPREHENSIVE PERSONAL FINANCIAL EDUCATION AND SOLUTIONS FOR ALL LIFE STAGES AND FOR ALL LIFE'S MILESTONES. OUR GOAL IS ENHANCED ECONOMIC SECURITY FOR EVERYONE WE SERVE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $6,203,645 | ExpenseAmt |
| Desc | CESI'S CREDIT COUNSELING PROGRAM ASSISTS CONSUMERS NATION-WIDE IN MANAGING THEIR PERSONAL FINANCES AND UNSECURED DEBT. CESI OFFERS DEBT MANAGEMENT SERVICES, EDUCATION AND TRAINING, BUDGET PLANNING AND ONGOING SUPPORT. ASSISTANCE IS OFFERED VIA PHONE, ONLINE AND IN-PERSON. CESI'S CERTIFIED CREDIT COUNSELORS DISCUSS THE VARIOUS OPTIONS AVAILABLE TO EACH CONSUMER TO ADDRESS THEIR UNIQUE FINANCIAL SITUATION. THE CONSUMER RECEIVES A COMPREHENSIVE FINANCIAL ASSESSMENT AND THE COUNSELOR WILL ASSIST THEM IN DEVELOPING A BUDGET. IN ADDITION TO THE COUNSELING SESSION AND FINANCIAL ASSESSMENT, THE CONSUMER IS PROVIDED WITH A LIST OF TOOLS AND EDUCATION RESOURCES THEY CAN UTILIZE TO CONTINUE LEARNING ABOUT PERSONAL FINANCE. DURING THE FISCAL YEAR ENDING JUNE 30, 2015, CESI COUNSELED APPROXIMATELY 17,000 INDIVIDUALS EXPERIENCING FINANCIAL DISTRESS. ALL OF THESE INDIVIDUALS RECEIVED CREDIT COUNSELING SERVICES AND FREE EDUCATIONAL TOOLS AND RESOURCES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $720,548 | ExpenseAmt |
| Desc | CESI SUPPORTS THE ADVANCEMENT OF FINANCIAL LITERACY EDUCATION WITHIN LOCAL AND STATE COMMUNITIES THROUGH A STRONG COMMUNITY OUTREACH PROGRAM. CESI'S COMMUNITY OUTREACH EFFORTS INCLUDE GROUP EDUCATION IN A CLASSROOM SETTING, TYPICALLY IN PARTNERSHIP WITH LOCAL NON-PROFIT AGENCIES, CHURCHES, SCHOOLS OR COMMUNITY GROUPS. DURING THE FISCAL YEAR ENDING JUNE 30, 2015, THE CESI OUTREACH TEAM CONDUCTED 281 OUTREACH SESSIONS SERVING MORE THAN 5, 469 INDIVIDUALS OR FAMILIES WHO ARE PRIMARILY LOW TO EXTREMELY LOW INCOME. WE CONDUCTED THESE SESSIONS THROUGH 28 DIFFERENT PARTNER AGENCIES OR GROUPS COVERING SESSIONS SUCH AS: BUDGETING AND SAVING, PREVENTING IDENTITY THEFT, READING AND UNDERSTANDING YOUR CREDIT REPORT, FINANCIAL GOAL SETTING, RETIREMENT SAVING, CREDIT AND DEBT AND MORE. CESI CURRENTLY HAS 9 COMMUNITY EDUCATORS OFFERING A LIST OF MORE THAN 30 DIFFERENT TOPICS OR CLASSES AVAILABLE TO THE COMMUNITY. THE CESI OUTREACH TEAM TRACKS SIGN IN FORMS AND FEEDBACK FORMS FROM EACH CLASS IN A CENTRALIZED DATABASE ALLOWING US TO REPORT BASIC DEMOGRAPHICS ON THE INDIVIDUALS SERVED AS WELL AS COLLECTING SPECIFIC FEEDBACK FROM THOSE WE SERVED TO HELP US IMPROVE OUR EFFORTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenue | $346,618 | RevenueAmt |
| Desc | CESI HOMEOWNERSHIP CENTER HAD ANOTHER PRODUCTIVE YEAR SERVICING OVER 650 CLIENTS WITH THEIR HOUSING NEEDS. WE PROVIDED A VARIETY OF COUNSELING SERVICES, RANGING FROM FORECLOSURE PREVENTION TO PRE PURCHASE COUNSELING. OUR ONLINE EHOME AMERICA HOMEBUYER EDUCATION COURSE IS IN DEMAND WITH A 50% INCREASE IN THE NUMBER OF COMPLETED SESSIONS OVER 2014. THE DEPARTMENT COMPLETED TWO APPLICATIONS FOR THE NCHFA COMMUNITY PARTNERS LOAN POOL ALLOWING US TO ASSIST TWO FIRST-TIME HOMEBUYERS IN SECURING OVER 50,000 IN SECOND MORTGAGES AT 0% DEFERRED FOR 30 YEARS, HELPING TO REDUCE THEIR MONTHLY MORTGAGE PAYMENT. IN SERVICING OUR SENIOR POPULATION, OUR REVERSE MORTGAGE COUNSELING SERVICES CONTINUES TO GROW; EDUCATING OVER 250 CLIENTS ABOUT THE LOAN PRODUCT. WE CONTINUE TO WORK WITH MULTIPLE COMMUNITY PARTNERS, FACILITATING HOME BUYER GROUP EDUCATION FOR HABITAT FOR HUMANITY OF WAKE COUNTY AND VOLUNTEERS OF AMERICA - MAPLE COURT. CESI STAFF PARTICIPATED IN SEVERAL COMMUNITY EVENTS INCLUDING LA FIESTA DEL PUEBLO 2015, AN ANNUAL FESTIVAL CELEBRATING LATINO CULTURE. CESI ALSO ASSISTED CONSUMERS THROUGH THE NORTH CAROLINA HOUSING FINANCE AGENCY (NCHFA). FIRST THROUGH THE STATE HOME FORECLOSURE PREVENTION PROJECT (SHFPP) WHICH HELPS NC HOMEOWNERS WHO HAVE RECEIVED A 45 DAY DELINQUENT LETTER FROM THEIR LOAN SERVICER TO AVOID FORECLOSURE BY PUTTING THEM IN CONTACT WITH A HUD HOUSING COUNSELING AGENCY WHO CAN ASSIST THEM WITH LOSS MITIGATION OPTIONS. THE SECOND PROJECT WAS THE HARDEST HIT FUND (HHF), NORTH CAROLINA FORECLOSURE PREVENTION FUND (FPF), OR THE MORTGAGE PAYMENT PROGRAM (MPP). THESE PROJECTS HELP NC HOMEOWNERS WHO HAVE LOST THEIR JOBS OR HAVE EXPERIENCED SOME OTHER TYPE OF EMPLOYMENT RELATED FINANCIAL HARDSHIP TO MAKE THEIR MORTGAGE PAYMENTS WHILE THEY LOOK FOR A JOB OR RETRAIN FOR A NEW JOB. BETWEEN JULY 1, 2013 AND JUNE 30, 2014, CESI HANDLED 108,599 PHONE CALLS FROM THE SHFPP AND FPF PROGRAMS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,580,768 | ExpenseAmt |
| Desc | CLIENT PAYMENT PROCESSING PROVIDES SERVICES TO CESI'S DEBT MANAGEMENT PARTICIPANTS BY PROCESSING ALL PAYMENTS, WORKING WITH CREDITORS TO SECURE A REDUCTION IN INTEREST RATES FOR THE CONSUMER, AND EDUCATING CONSUMERS ON HOW TO BETTER MANAGE THEIR FINANCES. FOR THE LEGACY PORTFOLIO, PAYMENT PROCESSING IS OUTSOURCED TO A THIRD PARTY SERVICE WITH CESI'S FINAL APPROVAL. IN FISCAL YEAR ENDING JUNE 30, 2015, CESI DISBURSED 57,598,946.87 TO CREDITORS ON BEHALF OF OUR CLIENTS. CESI'S STUDENT LOAN COUNSELING PROGRAM WAS CREATED TO ASSIST STUDENT LOAN BORROWERS WHO HAVE UNMANAGEABLE OR DELINQUENT STUDENT LOAN DEBTS. CONSUMERS WORK WITH A CESI COUNSELOR TO IDENTIFY THE BEST STUDENT LOAN SOLUTION FOR THEIR UNIQUE SITUATION AND RECEIVE GUIDANCE THROUGHOUT THE PROCESS OF SORTING THROUGH THE MANY REPAYMENT PLANS AVAILABLE AS WELL AS COMPLETING THE CONFUSING PAPERWORK TO ADDRESS THEIR STUDENT LOANS. IN THE FISCAL YEAR ENDING JUNE 30, 2015, CESI COUNSELED 963 INDIVIDUALS REGARDING THEIR STUDENT LOAN DEBT. PRE AND POST BANKRUPTCY COUNSELING IS OFFERED FOR CONSUMERS IN NEED OF THE REQUIRED PRE- FILING CREDIT COUNSELING CERTIFICATE OR THE POST-FILING DEBTOR EDUCATION COURSE TO COMPLETE THEIR BANKRUPTCY PROCESS. BEFORE AN INDIVIDUAL FILES FOR CHAPTER 7 OR 13 BANKRUPTCIES, A CREDIT COUNSELING CERTIFICATE FROM AN EOUST APPROVED AGENCY IS REQUIRED. THESE COURSES CAN BE COMPLETED BOTH ONLINE AND BY PHONE. IN MARCH OF 2015 CESI ACQUIRED START FRESH TODAY, A FIRM SPECIALIZING IN PRE AND POST- BANKRUPTCY EDUCATION COURSES. CESI/START FRESH TODAY BANKRUPTCY COUNSELORS COMPLETED 15,579 COURSES FOR CONSUMERS FROM MARCH 21, 2015 THROUGH JUNE 30, 2015. REPRESENTATIVE PAYEE SERVICE PROVIDES BUDGETING AND BILL PAYMENT SERVICES TO SOCIAL SECURITY ADMINISTRATION BENEFICIARIES WHO ARE UNABLE TO MANAGE THEIR SSI OR SSDI BENEFITS ON THEIR OWN AND WHO DO NOT HAVE A TRUSTED FAMILY MEMBER OR FRIEND TO PROVIDE THIS SERVICE ON THEIR BEHALF. DURING THE FISCAL YEAR ENDING JUNE 30, 2015 CESI HAD MORE THAN 100 REPRESENTATIVE PAYEE CLIENTS ENROLLED. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,580,768 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $9,504,961 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 13 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 98 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DIANE CHEN | PersonNm |
| Phone | 9198615330 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3700 BARRETT DRIVE | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27609 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| DR DIANE CHEN | ||||||
| CEO | 40.00 | Yes (X) | Yes (X) | $171,241 | $0 | $44,567 |
| ROBERRT J FITZGERALD | ||||||
| CHAIRMAN | 10.00 | Yes (X) | $0 | $0 | $0 | |
| DR FRED MANGUM | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| AMY BLACKWELL | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| WAYNE STALLINGS | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| STEVE COLE | ||||||
| TREASURER | 40.00 | Yes (X) | $78,225 | $0 | $16,506 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $249,466 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $61,073 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AMERIX CORPORATION | |||||
| 9755 PATUXENT WOODS DRIVE | COLUMBIA | MD | 21046 | THIRD PARTY PRO | $1,533,417 |
| NATIONAL DEBT RELIEF | |||||
| 11 BROADWAY 16TH FLOOR | NEW YORK | NY | 10004 | MARKETING | $1,063,553 |
| COX MEDIA | |||||
| PPO BOX 83191 | CHICAGO | IL | 606910191 | MARKETING | $651,686 |
| CAROLINA IT | |||||
| 1600 HILLSBOROUGH STREET | RALEIGH | NC | 27605 | INFORMATION TEC | $175,025 |
| CLEAR ONE ADVANTAGE | |||||
| 1501 S CLINTON STREET SUITE 320 | BALTIMORE | MD | 21224 | MARKETING | $107,749 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,724,938 | AllOtherContributionsAmt |
| Total Contributions | $2,724,938 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | BusinessBusinessCd | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| DEBT MANAGEMENT PROGRAM | $5,080,618 | $5,080,618 | ||
| COUNSELING PROGRAMS | $396,450 | $396,450 | ||
| HOUSING SERVICES | $346,618 | $346,618 | ||
| MEMBER BENEFIT SERVICES | $175,110 | 900099 | $175,110 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,998,796 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $890,075 | TotalRevenueColumnAmt |
| Exclusion | $890,075 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,030,321 | SecuritiesAmt |
| Other | $3,900 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $12,121,192 | SecuritiesAmt |
| Other | $2,091 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $909,129 | SecuritiesAmt |
| Other | $1,809 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $910,938 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $200,050 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $710,888 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| OTHER INCOME | $17,345 | $17,345 |
| CHANGE IN VALUE LIFE INS POLI | $4,543 | $4,543 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $21,888 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,546,635 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,045,624 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $175,110 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,600,963 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $310,539 | TotalAmt |
| Management And General | $310,539 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,081,439 | TotalAmt |
| Program Services | $2,883,455 | ProgramServicesAmt |
| Management And General | $197,984 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $541,168 | TotalAmt |
| Program Services | $459,993 | ProgramServicesAmt |
| Management And General | $81,175 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,296 | TotalAmt |
| Program Services | $281,602 | ProgramServicesAmt |
| Management And General | $49,694 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,533 | TotalAmt |
| Program Services | $122,853 | ProgramServicesAmt |
| Management And General | $21,680 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,561 | TotalAmt |
| Management And General | $29,561 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $300,334 | TotalAmt |
| Program Services | $255,982 | ProgramServicesAmt |
| Management And General | $44,352 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,300,090 | TotalAmt |
| Program Services | $2,300,090 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $363,972 | TotalAmt |
| Program Services | $322,153 | ProgramServicesAmt |
| Management And General | $41,819 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $356,373 | TotalAmt |
| Program Services | $302,919 | ProgramServicesAmt |
| Management And General | $53,454 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,273 | TotalAmt |
| Program Services | $15,794 | ProgramServicesAmt |
| Management And General | $2,479 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,286 | TotalAmt |
| Program Services | $64,157 | ProgramServicesAmt |
| Management And General | $7,129 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,912 | TotalAmt |
| Program Services | $16,925 | ProgramServicesAmt |
| Management And General | $2,987 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,943 | TotalAmt |
| Management And General | $16,943 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,168 | TotalAmt |
| Program Services | $142,943 | ProgramServicesAmt |
| Management And General | $25,225 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,901 | TotalAmt |
| Program Services | $54,346 | ProgramServicesAmt |
| Management And General | $9,555 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PROCESSING FEES | $1,403,505 | $1,403,505 | |
| BANK FEES | $494,804 | $181,027 | $313,777 |
| COMMUNITY OUTREACH | $266,201 | $227,015 | $39,186 |
| LICENSES AND PERMITS | $199,477 | $199,477 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $276,528 | TotalAmt |
| Program Services | $270,725 | ProgramServicesAmt |
| Management And General | $5,803 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,758,303 | TotalAmt |
| Program Services | $9,504,961 | ProgramServicesAmt |
| Management And General | $1,253,342 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,977,334 | BOYAmt |
| EOY | $1,636,525 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,179,750 | BOYAmt |
| EOY | $1,086,648 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $478,997 | BOYAmt |
| EOY | $74,128 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,550,000 | BOYAmt |
| EOY | $1,090,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,478 | BOYAmt |
| EOY | $82,872 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,889,448 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,413,053 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,614,457 | BOYAmt |
| EOY | $1,476,395 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,099,916 | BOYAmt |
| EOY | $27,229,882 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,343,508 | BOYAmt |
| EOY | $4,046,857 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,346,440 | BOYAmt |
| EOY | $36,723,307 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $410,369 | BOYAmt |
| EOY | $499,482 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,329,402 | BOYAmt |
| EOY | $877,885 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,096,672 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $253,058 | BOYAmt |
| EOY | $281,409 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,992,829 | BOYAmt |
| EOY | $3,755,448 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,353,611 | BOYAmt |
| EOY | $32,967,859 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,353,611 | BOYAmt |
| EOY | $32,967,859 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,346,440 | BOYAmt |
| EOY | $36,723,307 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$211,668 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,174,084 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,888,564 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,106,233 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,000,680 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,927,709 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,724,938 | CurrentTaxYearAmt |
| Total | $25,648,124 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,888,564 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,106,233 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,000,680 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,927,709 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,724,938 | CurrentTaxYearAmt |
| Total | $25,648,124 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $7,002,880 | SubstantialContributorsTotAmt |
| Public Support Total170 | $18,645,244 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $183,584 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $100,434 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,717,659 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,631,220 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $890,075 | CurrentTaxYearAmt |
| Total | $4,522,972 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $132,282 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,198 | CurrentTaxYearAmt |
| Total | $176,480 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $30,347,576 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $126,471,825 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.61440 | PublicSupportCY170Pct |
| Public Support PY170 | 0.47160 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $156,896 | InvestmentCostOrOtherBasisAmt |
| Book Value | $156,896 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,378,399 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $188,116 | DepreciationAmt |
| Book Value | $1,190,283 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,271,439 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $1,184,695 | DepreciationAmt |
| Book Value | $86,744 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $82,714 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $40,242 | DepreciationAmt |
| Book Value | $42,472 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,476,395 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INTANGIBLE PROPERTY | $2,200,000 |
| ESCROW BONDS | $943,503 |
| NOTE RECEIVABLE | $460,000 |
| NONQUALIFIED RETIREMENT PLAN ASSETS | $281,409 |
| CASH SURRENDER VALUE OF LIFE INS POL | $138,384 |
| SECURITY DEPOSITS | $23,561 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $4,046,857 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONQUALIFIED RETIREMENT PLAN LIABILI | Desc |
| Amt | $281,409 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $281,409 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,546,635 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $10,546,635 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $10,546,635 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $10,758,303 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $10,758,303 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $10,758,303 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 2, 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 INTO A SEPARATE ACCOUNT TITLED FOR THE BENEFIT OF OTHER (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 RESPECTICVE CREDITORS ARE PAID. IN THIS SITUATION CREDITORS ARE PAID FROM MONIES FROM THIS STATE'S SEPOSITORY 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. |
| SCHEDULE D, PAGE 3, PART X | CESI HAS ADOPTED THE PROVISIONS OF FASB ASX 740-10-25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS PROVISION, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX PROVISIONS FOR THE TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION OF THIS STANDARD HAS HAD NO IMPACT ON CESI'S FINANCIAL STATEMENT. CURRENTLY, THE 2012, 2013, AND 2014 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. CESI DOES NOT BELIEVE TEHRE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITIES FOR THE UNRECOGNIZED TAX BENEFIT. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DR DIANE CHEN | PersonNm |
| Title | CEO | TitleTxt |
| Base Compensation Filing Org | $171,241 | BaseCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | $44,567 | DeferredCompensationFlngOrgAmt |
| Total Compensation Filing Org | $215,808 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | CONSUMER EDUCATION SERVICES, INC ("CESI") IS A NON-PROFIT SERVICE PROVIDER FOR COMPREHENSIVE PERSONAL FINANCIAL EDUCATION AND SOLUTIONS FOR ALL LIFE STAGES AND FOR ALL LIFE'S MILESTONES. OUR GOAL IS ENHANCED ECONOMIC SECURITY FOR EVERYONE WE SERVE. |
| FORM 990, PAGE 2, PART III, LINE 4A | 17,000 INDIVIDUALS EXPERIENCING FINANCIAL DISTRESS. ALL OF THESE INDIVIDUALS RECEIVED CREDIT COUNSELING SERVICES AND FREE EDUCATIONAL TOOLS AND RESOURCES. |
| FORM 990, PAGE 2, PART III, LINE 4B | COMMUNITY EDUCATORS OFFERING A LIST OF MORE THAN 30 DIFFERENT TOPICS OR CLASSES AVAILABLE TO THE COMMUNITY. THE CESI OUTREACH TEAM TRACKS SIGN IN FORMS AND FEEDBACK FORMS FROM EACH CLASS IN A CENTRALIZED DATABASE ALLOWING US TO REPORT BASIC DEMOGRAPHICS ON THE INDIVIDUALS SERVED AS WELL AS COLLECTING SPECIFIC FEEDBACK FROM THOSE WE SERVED TO HELP US IMPROVE OUR EFFORTS. |
| FORM 990, PAGE 2, PART III, LINE 4C | PARTNERS, FACILITATING HOME BUYER GROUP EDUCATION FOR HABITAT FOR HUMANITY OF WAKE COUNTY AND VOLUNTEERS OF AMERICA - MAPLE COURT. CESI STAFF PARTICIPATED IN SEVERAL COMMUNITY EVENTS INCLUDING LA FIESTA DEL PUEBLO 2015, AN ANNUAL FESTIVAL CELEBRATING LATINO CULTURE. CESI ALSO ASSISTED CONSUMERS THROUGH THE NORTH CAROLINA HOUSING FINANCE AGENCY (NCHFA). FIRST THROUGH THE STATE HOME FORECLOSURE PREVENTION PROJECT (SHFPP) WHICH HELPS NC HOMEOWNERS WHO HAVE RECEIVED A 45 DAY DELINQUENT LETTER FROM THEIR LOAN SERVICER TO AVOID FORECLOSURE BY PUTTING THEM IN CONTACT WITH A HUD HOUSING COUNSELING AGENCY WHO CAN ASSIST THEM WITH LOSS MITIGATION OPTIONS. THE SECOND PROJECT WAS THE HARDEST HIT FUND (HHF), NORTH CAROLINA FORECLOSURE PREVENTION FUND (FPF), OR THE MORTGAGE PAYMENT PROGRAM (MPP). THESE PROJECTS HELP NC HOMEOWNERS WHO HAVE LOST THEIR JOBS OR HAVE EXPERIENCED SOME OTHER TYPE OF EMPLOYMENT RELATED FINANCIAL HARDSHIP TO MAKE THEIR MORTGAGE PAYMENTS WHILE THEY LOOK FOR A JOB OR RETRAIN FOR A NEW JOB. BETWEEN JULY 1, 2013 AND JUNE 30, 2014, CESI HANDLED 108,599 PHONE CALLS FROM THE SHFPP AND FPF PROGRAMS. |
| FORM 990, PAGE 2, PART III, LINE 4D | CLIENT PAYMENT PROCESSING PROVIDES SERVICES TO CESI'S DEBT MANAGEMENT PARTICIPANTS BY PROCESSING ALL PAYMENTS, WORKING WITH CREDITORS TO SECURE A REDUCTION IN INTEREST RATES FOR THE CONSUMER, AND EDUCATING CONSUMERS ON HOW TO BETTER MANAGE THEIR FINANCES. FOR THE LEGACY PORTFOLIO, PAYMENT PROCESSING IS OUTSOURCED TO A THIRD PARTY SERVICE WITH CESI'S FINAL APPROVAL. IN FISCAL YEAR ENDING JUNE 30, 2015, CESI DISBURSED 57,598,946.87 TO CREDITORS ON BEHALF OF OUR CLIENTS. CESI'S STUDENT LOAN COUNSELING PROGRAM WAS CREATED TO ASSIST STUDENT LOAN BORROWERS WHO HAVE UNMANAGEABLE OR DELINQUENT STUDENT LOAN DEBTS. CONSUMERS WORK WITH A CESI COUNSELOR TO IDENTIFY THE BEST STUDENT LOAN SOLUTION FOR THEIR UNIQUE SITUATION AND RECEIVE GUIDANCE THROUGHOUT THE PROCESS OF SORTING THROUGH THE MANY REPAYMENT PLANS AVAILABLE AS WELL AS COMPLETING THE CONFUSING PAPERWORK TO ADDRESS THEIR STUDENT LOANS. IN THE FISCAL YEAR ENDING JUNE 30, 2015, CESI COUNSELED 963 INDIVIDUALS REGARDING THEIR STUDENT LOAN DEBT. PRE AND POST BANKRUPTCY COUNSELING IS OFFERED FOR CONSUMERS IN NEED OF THE REQUIRED PRE- FILING CREDIT COUNSELING CERTIFICATE OR THE POST-FILING DEBTOR EDUCATION COURSE TO COMPLETE THEIR BANKRUPTCY PROCESS. BEFORE AN INDIVIDUAL FILES FOR CHAPTER 7 OR 13 BANKRUPTCIES, A CREDIT COUNSELING CERTIFICATE FROM AN EOUST APPROVED AGENCY IS REQUIRED. THESE COURSES CAN BE COMPLETED BOTH ONLINE AND BY PHONE. IN MARCH OF 2015 CESI ACQUIRED START FRESH TODAY, A FIRM SPECIALIZING IN PRE AND POST- BANKRUPTCY EDUCATION COURSES. CESI/START FRESH TODAY BANKRUPTCY COUNSELORS COMPLETED 15,579 COURSES FOR CONSUMERS FROM MARCH 21, 2015 THROUGH JUNE 30, 2015. REPRESENTATIVE PAYEE SERVICE PROVIDES BUDGETING AND BILL PAYMENT SERVICES TO SOCIAL SECURITY ADMINISTRATION BENEFICIARIES WHO ARE UNABLE TO MANAGE THEIR SSI OR SSDI BENEFITS ON THEIR OWN AND WHO DO NOT HAVE A TRUSTED FAMILY MEMBER OR FRIEND TO PROVIDE THIS SERVICE ON THEIR BEHALF. DURING THE FISCAL YEAR ENDING JUNE 30, 2015 CESI HAD MORE THAN 100 REPRESENTATIVE PAYEE CLIENTS ENROLLED. |
| FORM 990, PAGE 6, PART VI, LINE 11B | 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, PAGE 6, PART VI, LINE 12C | 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 INTREST REQUIRE IMMEDIATE DISCLOSURE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF DIRECTORS GENERALLY DETERMINES AND REVIEWS THE SALARY OF THE PRESIDENT AND CEO. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE BOARD OF DIRECTORS GENERALLY DETERMINES AND REVIEWS THE SALARY OF KEY EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | 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. |