2015-11-12T12:58:00-06:00 2014-12-31 521853933 RIBIS JONES & MARESCA PA 10500 LITTLE PATUXENT PKWY SUITE 770 COLUMBIA MD 21044 990 2014-01-01 330770440 INCHARGE DEBT SOLUTIONS INCH 4072917770 5750 MAJOR BLVD NO 300 ORLANDO FL 32819 ETTA W MONEY PRESIDENT & CEO 4072917770 2015-11-12 1 DAVID JONES P01361002 4108840220 2014 2016-02-25 16:41:14Z ETTA W MONEY 5750 MAJOR BLVD STE 300 ORLANDO FL 32819 26794185 0 X WWW.INCHARGE.ORG X 1997 NV INCHARGE DEBT SOLUTIONS (IDS) PROVIDES CREDIT, BANKRUPTCY AND HOUSING COUNSELING SERVICES TO THE GENERAL PUBLIC. THESE SERVICES INCLUDE EDUCATIONAL MATERIALS AND RESOURCES, SOLUTIONS-BASED COUNSELING, CLIENT DEBT MANAGEMENT PROGRAMS, BANKRUPTCY CREDIT COUNSELING AND PRE-DISCHARGE DEBTOR EDUCATION SERVICES, FORECLOSURE PREVENTION, HOMEBUYER EDUCATION, PRE-PURCHASE HOUSING COUNSELING, AND OTHER FINANCIAL LITERACY ACTIVITIES FOR THE BENEFIT OF THE GENERAL PUBLIC. 11 10 111 10 0 0 7156163 6368896 9732611 8495392 25513 30988 34494 38483 16948781 14933759 52834 0 0 0 6362253 4902617 0 0 22977 10395683 11490799 16810770 16393416 138011 -1459657 8118399 6378131 2523961 2264114 5594438 4114017 X INCHARGE DEBT SOLUTIONS HELPS PEOPLE ACHIEVE AND MAINTAIN A BETTER FINANCIAL FUTURE THROUGH HIGH QUALITY, RESPONSIVE COUNSELING AND PERSONALIZED EDUCATION. 0 0 9161928 CREDIT COUNSELING AND EDUCATION - THIS PROGRAM ASSISTS CONSUMERS IN MANAGING THEIR PERSONAL FINANCES THROUGH THE PROVISION OF SOLUTIONS-BASED CREDIT COUNSELING, BUDGET PLANNING AND FINANCIAL EDUCATIONAL MATERIALS. SOLUTIONS-BASED COUNSELING IS DESIGNED TO FIND THE RIGHT SOLUTION FOR EACH DEBT DISTRESSED CONSUMER. NEARLY 50,000 FINANCIALLY DISTRESSED INDIVIDUALS RECEIVED CREDIT COUNSELING AND FINANCIAL EDUCATIONAL MATERIALS DURING 2014. FINANCIAL EDUCATIONAL MATERIALS ASSIST CONSUMERS IN ACQUIRING AND IMPROVING MONEY MANAGEMENT SKILLS AND MANAGING CREDIT. CREDIT COUNSELING SERVICES ARE OFFERED IN PERSON FOR INDIVIDUALS RESIDING IN THE CENTRAL FLORIDA AREA, AND NATIONALLY OVER THE TELEPHONE AND THROUGH THE INTERNET. 3448641 6960167 DEBT MANAGEMENT - IDS OFFERS DEBT MANAGEMENT PROGRAMS TO ASSIST CONSUMERS IN PAYING OFF THEIR UNSECURED DEBTS AND TO BETTER MANAGE THEIR FINANCIAL OBLIGATIONS IN THE FUTURE. IDS PROCESSES DEBT PAYMENTS, ATTEMPTS TO SECURE A REDUCTION IN INTEREST RATES, AND ATTEMPTS TO ESTABLISH AFFORDABLE MONTHLY PAYMENTS ON THE CLIENTS' BEHALF. CLIENTS ARE PROVIDED INITIAL AND CONTINUING EDUCATIONAL ASSISTANCE THROUGH FINANCIAL EDUCATIONAL MATERIALS AND GUIDANCE IN FINANCIAL MATTERS AS DETERMINED BY THEIR NEEDS. 1518436 946297 BANKRUPTCY COUNSELING AND DEBTOR EDUCATION - BANKRUPTCY LEGISLATION ENACTED BY CONGRESS IN 2005 REQUIRES INDIVIDUALS FILING FOR BANKRUPTCY TO COMPLETE A BANKRUPTCY CREDIT COUNSELING SESSION PRIOR TO FILING, AND AN INSTRUCTIONAL COURSE IN PERSONAL FINANCIAL MANAGEMENT (DEBTOR EDUCATION) PRIOR TO RECEIVING A BANKRUPTCY DISCHARGE. TO OFFER CONVENIENT, ON-DEMAND ACCESS TO THIS REQUIRED CONTENT, IDS PROVIDES INTERACTIVE WEB-BASED AND TELEPHONIC BANKRUPTCY CREDIT COUNSELING AND DEBTOR EDUCATION PROGRAMS. BOTH PROGRAMS ISSUE CERTIFICATES TO INDIVIDUALS WHO COMPLETE EACH PROGRAM AS REQUIRED BY THE TITLE 11 BANKRUPTCY CODE. DURING 2014, OVER 52,000 CERTIFICATES WERE ISSUED TO BANKRUPTCY PETITIONERS EVIDENCING THEIR SUCCESSFUL COMPLETION OF THE BANKRUPTCY CREDIT COUNSELING SESSION AND THE PERSONAL FINANCIAL MANAGEMENT COURSE. 849142 588928 HOUSING COUNSELING AND EDUCATION - IDS IS A LOCAL U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") APPROVED AGENCY IN THE STATE OF FLORIDA AND A MEMBER OF THE NATIONAL FOUNDATION FOR CREDIT COUNSELING ("NFCC") WHICH ENABLES IDS TO SERVE CONSUMERS ON A NATIONWIDE BASIS. HOUSING COUNSELING SERVICES INCLUDE FORECLOSURE PREVENTION AND MORTGAGE DELINQUENCY COUNSELING, HOMEBUYER EDUCATION AND PRE-PURCHASE HOMEBUYER COUNSELING. FORECLOSURE PREVENTION AND MORTGAGE DELINQUENCY COUNSELING IS DESIGNED TO PROVIDE EXISTING BORROWERS WITH INFORMATION AND ASSISTANCE NEEDED TO AVOID FORECLOSURE. PROGRAM HIGHLIGHTS INCLUDE BUDGET PLANNING, EVALUATION OF ELIGIBILITY FOR LOAN MODIFICATION, ASSESSMENT OF ABILITY TO SUSTAIN A HOME AND ALTERNATIVE HOUSING OPTIONS. HOMEBUYER EDUCATION IS DESIGNED TO BETTER PREPARE POTENTIAL HOMEOWNERS FOR HOMEOWNERSHIP. PARTICIPANTS EXAMINE THEIR HOUSING NEEDS, ANALYZE THEIR FINANCIAL SITUATION AND LEARN STRATEGIES TO IMPROVE FINANCIAL MANAGEMENT IN AN EFFORT TO BETTER PREPARE FOR HOMEOWNERSHIP. PARTICIPANTS ALSO LEARN HOW TO SHOP FOR A HOME, OBTAIN A MORTGAGE AND PREPARE FOR LIFE AS A HOMEOWNER. PRE-PURCHASE HOMEBUYER COUNSELING, A PERSONAL ONE-ON-ONE SESSION, IS OFFERED TO PROVIDE EDUCATION AND TIPS TO ASSIST POTENTIAL HOMEBUYERS IN IMPROVING FINANCIAL MANAGEMENT SKILLS AND UNDERSTANDING ALTERNATIVE SOURCES OF FUNDING AND MORTGAGE OPTIONS. DURING 2014, OVER 9,000 HOUSING COUNSELING SESSIONS WERE CONDUCTED. FINANCIAL LITERACY OUTREACH - IDS, IN CONJUNCTION WITH ITS SUPPORTING ORGANIZATION, INCHARGE EDUCATION FOUNDATION, CONDUCTS NUMEROUS FINANCIAL LITERACY WORKSHOPS, AND HOME BUYER EDUCATION CLASSES FOR THE GENERAL PUBLIC. THE GOAL OF EACH OUTREACH EVENT IS TO IMPROVE THE FINANCIAL CAPABILITIES OF ATTENDEES BY PROVIDING RELEVANT INFORMATION AND TOOLS CONCERNING PERSONAL FINANCE, MONEY MANAGEMENT, THE RESPONSIBLE USE OF CREDIT, AND THE HOME BUYING PROCESS. DURING 2014, OVER 3,900 INDIVDIUALS ATTENDED THE WORKSHOPS INCHARGE PROVIDED. 849142 588928 14978147 1 1 0 0 0 0 0 0 1 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 24 0 1 111 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ CA IL MA MD NJ OR SC X X INCHARGE DEBT SOLUTIONS 4072917770 5750 MAJOR BLVD SUITE 300 ORLANDO FL 32819 RICHARD ANDERSON TRUSTEE 1.00 2.00 X 8533 17067 0 DR JOSEPH CHAVEZ TRUSTEE 2.00 X 0 0 0 PETER KENNEDY TRUSTEE 2.00 X 600 0 0 MICHAEL KOCH TRUSTEE 2.00 X 0 0 0 LONNIE RITZER TRUSTEE 1.00 2.00 X 150 300 0 ROBERT RUIZ TRUSTEE 2.00 X 600 0 0 KRISTEN SOLES TRUSTEE 2.00 X 600 0 0 MAXINE SWEET TRUSTEE 2.00 X 695 0 0 VERONICA WHITELAW TRUSTEE 2.00 X 600 0 0 CAREY TARBELL TRUSTEE 2.00 X 0 0 0 PATRICIA WEXLER TRUSTEE 2.00 X 600 0 0 ETTA W MONEY PRESIDENT & CEO 47.00 3.00 X 913050 48055 31891 WILLIAM MALSEED TREASURER 43.00 2.00 X 151420 7969 25677 JODI MCGREGOR SECRETARY 43.00 2.00 X 459084 24162 28352 SORAIA DEARAUJO V.P. OF OPERATIONS 45.00 X 171099 0 25118 CHRIS HENNINGSEN V.P. OF CONSUMER AWARENESS 45.00 X 158619 0 8988 ROBERT DARROCH SOFTWARE ENGINEER 45.00 X 109607 0 5655 1975257 97553 125681 6 0 1 0 GOOGLE 13169 COLLECTION CENTER DRIVE CHICAGO IL 60693 PUBLIC SERVICE ANNOUNCEMENT 3057524 YAHOO PO BOX 13683 NEWARK NJ 07188 PUBLIC SERVICE ANNOUNCEMENT 601000 FACEBOOK 1 HACKER WAY MENLO PARK CA 94205 PUBLIC SERVICE ANNOUNCEMENT 412388 ENVOY MEDIA GROUP 19350 BUSINESS CENTER DRIVE SUITE NORTHRIDGE CA 91324 PUBLIC SERVICE ANNOUNCEMENT 315178 EQUIFAX AUTHENTICATION SERVICES PO BOX 4472 ATLANTA GA 30302 CREDIT BUREAU SERVICE 141603 6 500000 5868896 6368896 CLIENT PROCESSING FEES 900099 6960167 6960167 BANKRUPTCY COUNSEL. & DEBTOR ED. 900099 946297 946297 HOUSING COUNSELING FEES 900099 588928 588928 8495392 34873 34873 11856541 11860426 -3885 -3885 -3885 OTHER INCOME 900099 38483 38483 38483 14933759 8495392 0 69471 1002872 897081 105791 2966124 2697011 263600 5513 141046 122191 18855 472192 433122 38218 852 320383 290121 29817 445 7134 6421 713 48400 43560 4840 128602 116762 11584 256 1288 1166 120 2 100177 90715 9323 139 332282 300896 30924 462 46148 41789 4295 64 556302 503755 51774 773 1687 1528 157 2 PUBLIC AWARENESS 4665667 4224958 434228 6481 OVERHEAD SUPPORT 3968093 3593274 369307 5512 EDUC. SERV. & MATERIALS 1440536 1437683 648 2205 DUES AND SUBSCRIPTIONS 69017 62498 6423 96 125466 113616 11675 175 16393416 14978147 1392292 22977 1444710 877563 154240 141543 476650 70307 2518 3191 360825 310456 8794862 7281531 1646066 1513331 1319801 1825363 704290 594044 2009299 1042333 8118399 6378131 414662 1071781 100000 150000 1033571 857905 975728 184428 2523961 2264114 X 5388129 3970042 206309 143975 5594438 4114017 8118399 6378131 -1459657 -20764 0 X X 0 1 X 1 0 X 9403431 8176967 7691064 7156163 6368896 38796521 9403431 8176967 7691064 7156163 6368896 38796521 23262619 15533902 80544 34416 35493 25513 34873 210839 34494 38483 72977 39080337 56122518 0.39750 0.37750 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REBATE ON CARD PURCHASES - 2013 AMOUNT: $ 34,494. 2014 AMOUNT: $ 38,483. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 8794862 7281531 1513331 1513331 CERTIFICATES OF DEPOSIT 49987 C MONEY MARKET FUNDS 544057 C 594044 RESTRICTED CASH 857905 DEFERRED COMPENSATION 184428 1042333 DEFERRED COMPENSATION 184428 184428 X 14912995 -20764 -20764 14933759 0 14933759 16393416 0 16393416 0 16393416 PART IV, LINE 2B: FUNDS RECEIVED FROM CLIENTS PARTICIPATING IN THE DEBT MANAGEMENT PROGRAM ARE HELD IN VARIOUS SEPARATE FBO BANK ACCOUNTS UNTIL THEY ARE DISTRIBUTED TO CREDITORS AND CONTRIBUTIONS AND FEES ARE DISBURSED TO IDS. CERTAIN STATES REQUIRE THAT CASH ACCOUNTS BE HELD IN THE SAME STATE THAT FUNDS ARE RECEIVED. ALL RESTRICTED CASH ACCOUNTS ARE NOT AVAILABLE FOR IDS' OPERATING EXPENSES OR CREDITORS OF IDS. PART X, LINE 2: IDS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. TAX YEARS PRIOR TO 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. X X X X X 1 1 0 0 0 0 0 0 0 ETTA W MONEY PRESIDENT & CEO 245144 12902 0 0 667906 35153 28738 1513 1558 82 943346 49650 656808 34569 WILLIAM MALSEED TREASURER 146575 7714 0 0 4845 255 22626 1191 1767 93 175813 9253 0 0 JODI MCGREGOR SECRETARY 155362 8177 0 0 303722 15985 25433 1339 1501 79 486018 25580 205970 10840 SORAIA DEARAUJO V.P. OF OPERATIONS 165099 0 0 0 6000 0 24158 0 960 0 196217 0 0 0 CHRIS HENNINGSEN V.P. OF CONSUMER AWARENESS 152844 0 0 0 5775 0 7803 0 1185 0 167607 0 0 0 PART I, LINES 4A-B NON-QUALIFIED DEFERRED COMPENSATION PLANS EXIST FOR CERTAIN KEY EXECUTIVES. UNDER THE DEFERRED COMPENSATION PLANS, A PORTION OF THE PARTICIPATING EXECUTIVES' COMPENSATION IS DEFERRED. THE DEFERRED COMPENSATION BALANCE IS PAYABLE UPON 100% VESTING IN THE PLAN OR SEPARATION FROM SERVICE. THE DEFERRED COMPENSATION HAS BEEN INVESTED IN ANNUITY POLICIES AND OTHER PARTICIPANT DIRECTED INVESTMENT OPTIONS. DURING 2014, DISTRIBUTIONS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS WERE RECEIVED AS FOLLOWS: ETTA MONEY $691,377 JODI MCGREGOR $216,810 DURING 2014, JODI MCGREGOR RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $96,013. RICHARD F ANDERSON BOARD TRUSTEE 25000 CONSULTING SERVICES ON LEGISLATIVE MATTERS 0 FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER, AUDIT COMMITTEE, THE PRESIDENT & CEO OF INCHARGE DEBT SOLUTIONS, AND THE FULL BOARD REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON A CONFLICT OF INTEREST FORM THAT IS COMPLETED ANNUALLY. POTENTIAL CONFLICTS ARE TO BE REPORTED TO THE ORGANIZATION AS SOON AS KNOWN. FOLLOW UP IS PERFORMED TO ENSURE ALL CONFLICT OF INTEREST FORMS ARE RECEIVED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A SEPARATE BOARD APPOINTED COMPENSATION COMMITTEE THAT DETERMINES THE SALARY OF THE OFFICERS ON AN ANNUAL BASIS. SALARY COMPARABILITY DATA AND PERFORMANCE IS REVIEWED FOR OFFICERS ANNUALLY. ON A REGULAR BASIS, AN INDEPENDENT COMPENSATION CONSULTANT MAY BE USED TO PERFORM A COMPENSATION SURVEY OR STUDY. KEY EMPLOYEES MAY RECEIVE INCREASES AND ARE ELIGIBLE FOR INCREASES BASED ON PERFORMANCE. PERIODICALLY, KEY EMPLOYEES' SALARIES ARE COMPARED TO MARKET DATA. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN JANUARY - FEBRUARY 2015. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AS VALID REQUESTS ARE RECEIVED. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S AUDIT COMMITTEE IS RESPONSIBLE FOR SELECTING AN INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT OF ITS FINANCIAL STATEMENTS ON AN ANNUAL BASIS. THE PROCESS HAS NOT BEEN CHANGED DURING THE TAX YEAR. INCHARGE INSTITUTE OF AMERICA INC 5750 MAJOR BLVD SUITE 320 ORLANDO FL 32819 522196183 GENERAL AND ADMINISTRATIVE SUPPORT SERVICES DE 501(C)(3) LINE 11C, III-FI N/A 0 INCHARGE EDUCATION FOUNDATION INC 5750 MAJOR BLVD SUITE 310 ORLANDO FL 32819 200152720 DEVELOP FINANCIAL EDUCATIONAL MATERIALS AND RESOURCES DE 501(C)(3) LINE 11B, II INCHARGE DEBT SOLUTIONS 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1