PARTNERSHIP TO PROTECT CONSUMER CREDIT: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: PARTNERSHIP TO PROTECT CONSUMER CREDIT (EIN 90-0416882)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-13
IRS object ID: 201343179349306204
Schema version: 2012v2.1
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
Form 990
Schedule C
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-13T17:26:47-06:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	521480805	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CHACONAS & WILSON PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	2100 PENNYLVANIA AVENUE NW SUITE	AddressLine1
Address Line2	580	AddressLine2
City	WASHINGTON	City
State	DC	State
ZIP Code	20037	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	900416882	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PARTNERSHIP TO PROTECT CONSUMER CREDIT	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PART	NameControl
Phone	2024648815	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1129 20TH STREET NW NO 300	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20036	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JEFFREY A TASSEY	Name
Title	DIRECTOR	Title
Phone	2024648815	Phone
Date Signed	2013-11-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	MOLLIE LAMBERT	Name
PTIN	P01336155	PTIN
Phone	2024298890	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JEFFREY A TASSEY	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1129 20TH STREET NW NO 300	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20036	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1911244	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2008	YearFormation
State Legal Domicile	DC	StateLegalDomicile
Activity Or Mission Description	TO PROTECT CONSUMERS' RIGHTS TO ACCESSIBLE, AFFORDABLE AND CONFIDENTIAL FINANCIAL SERVICES AND CREDIT, AND TO ENSURE SMOOTH AND EFFICIENT CREDIT-BASED TRANSACTIONS FOR BUSINESSES THROUGH OUR NATIONAL CONSUMER CREDIT SYSTEM.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	3	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	2	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	19772832	ContributionsGrantsPriorYear
Contributions Grants Current Year	1911244	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	0	ProgramServiceRevenuePriorYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	0	InvestmentIncomePriorYear
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	19772832	TotalRevenuePriorYear
Total Revenue Current Year	1911244	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	0	SalariesEtcPriorYear
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	17734222	OtherExpensePriorYear
Other Expenses Current Year	3857676	OtherExpensesCurrentYear
Total Expenses Prior Year	17734222	TotalExpensesPriorYear
Total Expenses Current Year	3857676	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	2038610	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-1946432	RevenuesLessExpensesCY
Total Assets BOY	2144530	TotalAssetsBOY
Total Assets EOY	198098	TotalAssetsEOY
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2144530	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	198098	NetAssetsOrFundBalancesEOY
Mission Description	THE MISSION OF PARTNERSHIP TO PROTECT CONSUMER CREDIT IS TO PROMOTE GENERAL ADVANCEMENT AND PUBLIC UNDERSTANDING OF THE CONSUMER CREDIT INDUSTRY.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Revenue	3830606	Revenue
Description	CONSUMER RIGHTS - PARTNERSHIP TO PROTECT CONSUMER CREDIT WORKS TO PROTECT CONSUMERS' RIGHTS TO ACCESSIBLE, AFFORDABLE AND CONFIDENTIAL FINANCIAL SERVICES AND CREDIT, AND TO ENSURE SMOOTH AND EFFICIENT CREDIT-BASED TRANSACTIONS FOR BUSINESSES THROUGH OUR NATIONAL CONSUMER CREDIT SYSTEM.	Description
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Subject To Proxy Tax	1	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	0	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	0	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	0	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	1	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	1	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	3	NbrVotingGoverningBodyMembers
Number Independent Voting Members	2	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	0	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	0	DocumentRetentionPolicy
Compensation Process CEO	0	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	PARTNERSHIP TO PROTECT CONSUMER CRE	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	2024648815	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1129 20TH STREET NW SUITE 300	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20036	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (3 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
ROBERT E MCKEW
DIRECTOR	0.70	X	0	0	0
JEFFREY A TASSEY
DIRECTOR	2.00	X	0	428734	0	X
MICHAEL MCENENEY
DIRECTOR	0.70	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	428734	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
BRYAN CAVE
1155 F ST NW	WASHINGTON	DC	20004	COMMUNICATIONS	1187361
VOX GLOBAL MANDATE
1909 K STREET NW SUITE 500	WASHINGTON	DC	20006	COMMUNICATIONS	1104723
TASSEY ASSOCIATES
1129 20TH STREET NW SUITE 300	WASHINGTON	DC	20036	MANAGEMENT FEES	428734
BROWNSTEIN HYATT FARBER SCHRECK
1350 I STREET NW SUITE 510	WASHINGTON	DC	20005	COMMUNICATIONS	360924
CLARK LYTLE & GEDULDIG
1001 PENNSYLVANIA AVENUE NW SUITE	WASHINGTON	DC	20004	COMMUNICATIONS	252000

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	7	NumberOfContractorsGT100K
Membership Dues	1911244	MembershipDues
Total Contributions	1911244	TotalContributions

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1911244	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	X	InfoInScheduleOPartIX

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	428734	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	4885	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	3373308	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	749	Total

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	CONTRIBUTION	Description
Total	50000	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3857676	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	2144530	BOY
EOY	198098	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2144530	BOY
EOY	198098	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2144530	BOY
EOY	198098	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2144530	BOY
EOY	198098	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2144530	BOY
EOY	198098	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-1946432	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	0	FSAudited
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Substantially All Dues Nondeduct	1	SubstantiallyAllDuesNondeduct
Only In House Lobbying	0	OnlyInHouseLobbying
Agree To Carryover Prior Year	0	AgreeToCarryoverPriorYear

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	JEFFREY A TASSEY	NamePerson
Title	DIRECTOR	Title
Base Compensation Filing Org	0	BaseCompensationFilingOrg
Comp Based On Related Orgs	0	CompBasedOnRelatedOrgs
Bonus Filing Org	0	BonusFilingOrg
Bonus Related Orgs	0	BonusRelatedOrgs
Other Compensation Filing Org	0	OtherCompensationFilingOrg
Other Compensation Related Orgs	428734	OtherCompensationRelatedOrgs
Deferred Comp Filing Org	0	DeferredCompFilingOrg
Deferred Comp Related Orgs	0	DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org	0	NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs	0	NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org	0	TotalCompensationFilingOrg
Total Compensation Related Orgs	428734	TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org	0	CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs	0	CompReportPrior990RelatedOrgs

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	TASSEY & ASSOCIATES	BusinessNameLine1

Field	Value	IRS element (for citing)
Relationship	SEE SCHEDULE '0'	Relationship
Amount Of Transaction	428734	AmountOfTransaction
Description Of Transaction	MANAGEMENT SERVICES	DescriptionOfTransaction
Sharing Of Revenues	0	SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11	THE BOARD OF DIRECTORS HAS DESIGNATED THE OFFICER OF THE BOARD TO REVIEW FORM 990 WITH THE TAX PREPARER BEFORE IT IS FILED WITH THE IRS. THE OFFICER REPORTS ON HIS REVIEW OF THE 990 TO THE COMPLETE BOARD AT THEIR NEXT MEETING.
FORM 990, PART VI, SECTION B, LINE 12C	THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 18	PARTNERSHIP TO PROTECT CONSUMER CREDIT'S FORM 1024 AND FORM 990 ARE AVAILABLE UPON WRITTEN REQUEST.
FORM 990, PART VI, SECTION C, LINE 19	PARTNERSHIP TO PROTECT CONSUMER CREDIT MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON WRITTEN REQUEST.
FORM 990, PART IX, LINE 11G	OTHER PROFESSIONAL FEES: TOTAL EXPENSES 3,373,308.	OTHER FEES
SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:	PARTNERSHIP TO PROTECT CONSUMER CREDIT PAID TASSEY & ASSOCIATES, A SINGLE MEMBER LLC OPERATED BY JEFF TASSEY,$428,734 FOR MANAGEMENT SERVICES. THIS COMPENSATION WAS APPROVED BY THE BOARD OF DIRECTORS. THE MEMBERS WERE ALSO MADE AWARE THAT A PORTION OF THEIR DUES WOULD BE USED TO PAY FOR THESE SERVICES PROVIDED BY TASSEY & ASSOCIATES.