2012-11-12T14:07:21-06:00 2011-12-31 990 2011-01-01 541837741 MONEY MANAGEMENT INTERNATIONAL INC % DAVID JUENGEL MONE 7133943329 14141 SOUTHWEST FREEWAY SUGAR LAND TX 774783794 David Juengel 7133943329 2012-11-12 2011 2016-02-24 21:20:13Z IVAN HAND 14141 SOUTHWEST FRWY STE 1000 SUGAR LAND TX 77478 114633039 false X WWW.MONEYMANAGEMENT.ORG X 2002 TX MMI STRIVES TO BENEFIT THE COMMUNITY BY PROVIDING EXCEPTIONAL FINANCIAL EDUCATION AND COUNSELING PROGRAMS, INCLUDING CREDIT COUNSELING, HOUSING COUNSELING AND BANKRUPTCY COUNSELING. 10 8 1571 158 717957 -269885 29560859 25105055 79292768 72167519 1635754 1194090 1220506 826428 111709887 99293092 0 0 0 0 72334129 68528031 0 0 1141927 38082668 27987664 110416797 96515695 1293090 2777397 75575085 71317748 31346894 25941198 44228191 45376550 X WE IMPROVE LIVES THROUGH FINANCIAL EDUCATION. false false 624100 42322554 66227373 CREDIT COUNSELING AND DEBT MANAGEMENT. ("PROGRAM SERVICE #1") SEE SCHEDULE O FOR A DETAILED DESCRIPTION OF MMI'S CREDIT COUNSELING SERVICES. INCLUDED IN REVENUE FOR PROGRAM SERVICE #1 IS GRANT FUNDING OF $3,592,862 FROM CITIGROUP TO SUPPORT MMI'S FINANCIAL EDUCATION EFFORTS. THIS GRANT REVENUE IS INCLUDED IN PART VIII, LINE 1F ("ALL OTHER CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS NOT INCLUDED IN LINES 1A-1E"). 624100 29606678 24829928 HOUSING COUNSELING AND EDUCATION. ("PROGRAM SERVICE #2") SEE SCHEDULE O FOR A DETAILED DESCRIPTION OF MMI'S HOUSING SERVICES. INCLUDED IN REVENUE FOR PROGRAM SERVICE #2 IS GRANT FUNDING OF $20,387,164 FROM THE US GOVERNMENT TO SUPPORT MMI'S HOUSING COUNSELING ACTIVITIES. 624100 5286049 4698865 BANKRUPTCY COUNSELING AND BANKRUPTCY EDUCATION. ("PROGRAM SERVICE #3") SEE SCHEDULE O FOR A DETAILED DESCRIPTION OF MMI'S BANKRUPTCY COUNSELING AND BANKRUPCY EDUCATION SERVICES. 3190438 243405 CONSUMER EDUCATION & COMMUNITY OUTREACH 987842 717957 UNRELATED BUSINESS INCOME 4178280 961362 81393561 true true false true false false false false true false true false false true true false false true false false false false false false false false false false false true false false false false false false false true false false false false false true true true false false true 206 0 true 1571 true true true false false false false false false false false false false false false X 10 8 false false true false false false false true true false true true true true true true true true true true false AL AK AZ AR CA CO CT FL HI IL KS ME MD MA MI MS NH NJ NM NY ND OR PA TN WA WV WI DAVID JUENGEL 7133943329 14141 SOUTHWEST FRWY STE 1000 SUGAR LAND TX 77478 X Dr Angela Lyons 5.0 X 26100 0 0 Frank DeGise 3.0 X 0 Douglas K Durnin 3.0 X 0 Lester E Dees 3.0 X 0 Stephen A McNeely 3.0 X 0 Frank W Montfort 3.0 X 0 Scot E Sheldon 3.0 X Dr William F Staats 3.0 X 0 Joseph P Warner 3.0 X 0 Ivan L Hand 45.0 X X 633063 250326 David A Juengel 45.0 X 247029 31696 Jean L Law 45.0 X 110706 10354 Anthony Scataglia 45.0 X 303156 33023 Charles Stanley 45.0 X 282656 7411 Terry Blaney 40.0 X 253811 16441 Marianne D'Aquila 40.0 X 190532 20601 Kandee Jahns 40.0 X 186909 20406 Mel Stiller 40.0 X 179974 14722 Joanne Kerstetter 40.0 X 171794 5283 Virginia Garretson 40.0 X 162405 10558 Jim Triggs 40.0 X 154949 12189 2903084 0 433010 37 false true false VENABLE LLP PO BOX 62727 BALTIMORE MD 21264 LEGAL 730267 MERIDIAN KNOWLEDGE SOLUTIONS LLC 80 IRON POINT CIRCLE STE 100 FOLSOM CA 95630 CONSULTING 298336 BURNETT STAFFING PO BOX 973940 DALLAS TX 75397 TEMP AGENCY 176369 FRED RHODES COMPANY 9894 BISSONNET STE 850 HOUSTON TX 77036 INSURANCE 158758 MELTON MELTON LLP 6002 ROGERDALE STE 200 HOUSTON TX 77072 AUDITING 114805 5 67289 20387164 4650602 25105055 DEBT AND BUDGET COUNSELING 624100 62849776 62849776 HOUSING COUNSELING AND EDUCATION 624100 4442764 4442764 BANKRUPTCY COUNSELING AND EDUCATION 624100 4698865 4698865 EDUC. PROGRAMS & COMMUNITY OUTREACH 611710 176114 176114 72167519 606827 606827 0 0 41180 41180 41180 41180 15722567 204643 15215288 124659 507279 79984 587263 587263 0 0 0 UNRELATED BUSINESS INCOME 561499 717957 717957 EDUCATIONAL BOOK SALES 611710 67291 67291 785248 99293092 72234810 717957 1235270 X 0 0 0 0 2047053 2047053 0 55690891 50020661 4915165 755065 756087 711461 31659 12967 5455732 4396854 1011109 47769 4578268 4152903 380659 44706 0 367745 367745 181863 181863 68963 68963 0 134339 134339 895705 455575 410937 29193 6178618 6178618 5084314 4141587 896735 45992 1295696 1027285 250787 17624 0 6192848 5467301 659424 66123 1454489 996620 409757 48112 0 267641 90907 164694 12040 6153 2619 3534 602100 602100 3094074 1941967 1109348 42759 317573 55997 261576 DUES & ASSOCIATION FEES 556618 435634 115612 5372 LICENSES & TAXES 324326 93843 229576 907 TRAINING COSTS 336227 187578 139326 9323 PRINTING & PUBLICATIONS 165180 161102 1128 2950 463192 272949 189218 1025 96515695 81393561 13980207 1141927 389198 1100982 50000 50000 163803 319998 8143120 6956263 0 0 0 0 0 0 338789 390523 1370529 1063003 42964244 26203891 15346556 16760353 25105591 20721447 0 0 0 0 1537 0 24665962 23955179 75575085 71317748 11339524 6181610 0 0 0 0 0 0 17557946 16668899 0 0 0 0 0 0 2449424 3090689 31346894 25941198 X 43488362 44905148 739829 471402 0 0 44228191 45376550 75575085 71317748 X 2777397 -1629038 X X false true true X true true X false false false 9160974 12849297 24400440 26069696 25105055 97585462 64224103 74139109 78723458 79494530 72234810 368816010 73385077 86988406 103123898 105564226 97339865 466401472 7487550 12420943 23230340 28997076 22552604 94688513 5732810 9162585 5802185 4064363 24761943 7487550 18153753 32392925 34799261 26616967 119450456 346951016 3475783 880751 891321 1300856 648007 7196718 707245 1005432 1004233 979606 717957 4414473 4183028 1886183 1895554 2280462 1365964 11611191 78450 78450 77568105 88953039 105019452 107844688 98705829 478091113 0.72570 0.74830 0.02429 0.03020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 68963 68963 68963 68963 95458890 96393343 95527853 96462306 1000000 1000000 250000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 24977 176092 10690 68963 280722 250000 250000 250000 250000 1000000 1500000 false true 819325 819325 3933591 1784215 2149376 2607553 1090132 1517421 12647400 10238558 2408842 22956375 13090986 9865389 16760353 CASH HELD FOR CUSTOMERS 16668899 DEPOSITS 1138526 RESTRICTED INVESTMENTS 243921 CURRENT VALUE OF INSURANCE 5903833 23955179 0 FUNDS HELD FOR AGENCIES 11262 FUNDS HELD AS AGENT 59419 ACCRUED LEASE EXPENSE 2314887 DEFERRED COMPENSATION 705121 3090689 TRUST ACCOUNT LIABILITY SCHEDULE D, PART IV - TRUST, ESCROW AND CUSTODIAL ARRANGEMENTS MMI COLLECTS PAYMENTS FROM CLIENTS WHO ARE ON DEBT MANAGEMENT PLANS, PLACES THOSE PAYMENTS INTO A SEPARATE TRUST ACCOUNT, AND THEN DISBURSES THOSE FUNDS TO THE CREDITORS OF THE CLIENTS. FIN 48 (ASC 740) - Accounting for Uncertainty in Income Taxes SCHEDULE D, PART X, LINE 2 As an organization described in Code Section 501(c)(3), Money Management International, Inc. (MMI) is exempt from federal income taxes on its related income pursuant to Code Section 501(a). MMI had no taxable unrelated business income in 2011. Accordingly, no provision for income taxes has been recorded. Management has evaluated the company's tax positions and concluded that MMI has taken no uncertain tax positions that require adjustment to the consolidated financial statements. X X X X false true false false false false false false false Ivan L Hand 601438 31625 232350 17976 883389 250000 David A Juengel 203430 35000 8599 7350 24346 278725 Anthony Scataglia 228077 60000 15079 7350 25673 336179 Charles Stanley 227045 50000 5611 7350 61 290067 Terry Blaney 188727 25000 40084 7350 9091 270252 Marianne D'Aquila 164515 25000 1017 6143 14458 211133 Kandee Jahns 160025 18000 8884 6009 14397 207315 Mel Stiller 171227 2375 6372 5631 9091 194696 Joanne Kerstetter 168666 3128 5175 108 177077 Virginia Garretson 150866 10000 1539 4940 5618 172963 Jim Triggs 141542 13000 407 1614 10575 167138 IVAN L. HAND SCH. J - PART II, LINE 1 (i) OF THE BASE TAXABLE COMPENSATION FOR IVAN L. HAND, $250,000 WAS EARNED IN A PRIOR YEAR, BUT PAID IN THE CURRENT YEAR. OF THE DEFERRED COMPENSATION FOR IVAN L. HAND, $225,000 IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. NONQUALIFIED RETIREMENT PLANS Schedule J, Part I, Line 4b During 2001 and 2002, MMI established split-dollar life insurance arrangements for certain key executives utilizing those policies as set forth in the following table. To date, no amounts have been paid to an executive under these arrangements. Additionally, pursuant to collateral assignments of each policy, MMI is entitled to receive all of its insurance premiums paid on a policy before any insurance proceeds are payable to the executive or their beneficiaries under such policy. Each year, in accordance with IRS Notice 2002-8 (which governs split-dollar arrangements entered into prior to September 18, 2003), MMI reports the value of the life insurance protection provided to an executive under the split-dollar arrangements as taxable compensation on each participating executive's Form W-2. The aggregate cash surrender value of the split-dollar policies subject to repayment to MMI as of December 31, 2011, is $5,903,833 and is included in "Other Assets" on MMI's Balance Sheet. See Form 990, Part X, Line 15; and Schedule D of Form 990, Supplemental Financial Statements, Part IX, Line (b)(4). Cumulative Cash Surrender Covered Premiums Paid Value as of Executive Policy Dates as of 12/31/11 12/31/11 IVAN HAND 03/27/01 $561,494. $480,163. 12/01/01 $2,719,547. $2,638624. 08/31/02 $1,000,000. $925,049. ------------ ----------- $4,281,041. $4,043,836. KANDEE JAHNS 03/27/01 $220,000. $220,000. 08/31/02 $300,000. $300,000. ------------ ----------- $520,000. $520,000. DAVID JUENGEL 03/27/01 $220,000. $220,000. 08/31/02 $300,000. $300,000. ------------ ----------- $520,000. $520,000. ANTONY SCATAGLIA 03/27/01 $219,997. $219,997. 08/31/02 $300,000. $300,000. ------------ ----------- $519,997. $519,997. CHARLES STANLEY 08/31/02 $300,000. $300,000. ------------ ----------- TOTALS $6,141,038. $5,903,833. CCCS OF SOUTHERN NEW ENGLAND INC SHARES OFFICERS AND DIR. 602100 EXP. REIMB. PAID TO SNE BY MMI false CCCS OF SOUTHERN NEW ENGLAND INC SHARES OFFICERS AND DIR. 21440 EXP. REIMB. PAID BY SNE TO MMI false RELATIONSHIP WITH CCCS OF SOUTHERN NEW ENGLAND, INC. (SNE) FORM 990, PART IV, LINE 28C LINE 28C OF FORM 990, PART IV WAS MARKED "YES" BECAUSE MMI ENGAGED IN TRANSACTIONS WITH CCCS OF SOUTHERN NEW ENGLAND, INC. (SNE), AN ORGANIZATION WHICH SHARES OFFICERS AND DIRECTORS WITH MMI. SNE IS RECOGNIZED AS A PUBLIC CHARITY DESCRIBED IN IRC SECTIONS 501(C)(3) AND 509(A)(2). NO OFFICER OR DIRECTOR OF MMI RECEIVES ANY REMUNERATION FROM SNE, EITHER DIRECTLY OR INDIRECTLY. CREDIT COUNSELING AND DEBT MANAGEMENT Form 990, Part III, Line 4a PROGRAM SERVICE #1 MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) PROVIDES PERSONAL FINANCIAL COUNSELING AND EDUCATION FOR INDIVIDUALS NEEDING ASSISTANCE WITH BUDGETING AND MONEY MANAGEMENT. THE CONSUMERS WHO CONTACT MMI DO SO OUT OF A NEED FOR FINANCIAL GUIDANCE FROM A CERTIFIED CREDIT COUNSELOR. AMONG CONSUMERS COUNSELED BY MMI IN 2011, 104,878 RECEIVED FREE DEBT AND BUDGET COUNSELING SESSIONS. DURING A DEBT AND BUDGET COUNSELING SESSION, A CERTIFIED CREDIT COUNSELOR WILL HELP THE CONSUMER ASSESS THEIR FINANCIAL SITUATION, DEVELOP A SPENDING PLAN, SET FINANCIAL GOALS AND CREATE AN ACTION PLAN. COUNSELING SESSIONS ARE CONDUCTED BY TELEPHONE, THROUGH THE INTERNET OR IN-PERSON IN ONE OF 90 LOCATIONS THROUGHOUT THE COUNTRY (WHICH INCLUDES DONATED OFFICE SPACE VALUED AT $32,400). SOME CONSUMERS SEEKING DEBT AND BUDGET COUNSELING RECEIVED BOTH FINANCIAL GUIDANCE FROM A CERTIFIED CREDIT COUNSELOR AND WERE ENROLLED IN AN MMI DEBT MANAGEMENT PLAN ("DMP") FOR SYSTEMATIC REPAYMENT OF CERTAIN DEBTS. TEAMS OF CERTIFIED SUPPORT COUNSELORS LOCATED IN SUGAR LAND, TX; BATON ROUGE, LA; AND WARWICK, RI PROVIDE ADMINISTRATION AND SUPPORT FOR MMI'S DMP CLIENTS. THE SUPPORT COUNSELORS PROVIDE ON-GOING FINANCIAL COUNSELING AND EDUCATION TO CLIENTS FROM THE START OF THEIR PLAN THROUGH COMPLETION. IN 2011, THE SUPPORT TEAMS HANDLED OVER 527,600 IN-BOUND CALLS FROM CLIENTS AND CREDITORS. CONTINUOUS IMPROVEMENT AND CONSISTENT SERVICE QUALITY ARE IMPORTANT TRAITS OF MMI EMPLOYEES. AS AN ACKNOWLEDGEMENT OF OUR QUALITY SERVICE AND COMMITMENT TO CONTINUOUS IMPROVEMENT, MMI HAS BEEN GRANTED ACCREDITATION FROM THE COUNCIL ON ACCREDITATION ("COA"). OUR TEAMS OF ANALYSTS CONDUCT EXTENSIVE AUDITS ON ALL STAFF PROVIDING COUNSELING AND SUPPORT SERVICES. OUR DEDICATION TO QUALITY EXTENDS FROM CORPORATE PRACTICES TO EMPLOYEE TRAINING. WE BELIEVE THAT IT IS CRITICAL FOR OUR EMPLOYEES TO UNDERSTAND THE TRUE IMPORTANCE OF QUALITY AS IT RELATES TO EVERY CONTACT WITH EVERY CONSUMER; THEREFORE, IT IS CORPORATE POLICY THAT EVERY DEBT COUNSELOR AND SUPPORT COUNSELOR RECEIVES IN-DEPTH TRAINING PRIOR TO COUNSELING A CONSUMER. IN ADDITION, ALL COUNSELORS ARE REQUIRED TO BE INDEPENDENTLY CERTIFIED THROUGH THE NATIONAL FOUNDATION FOR CREDIT COUNSELING'S COUNSELOR CERTIFICATION PROGRAM. HOUSING COUNSELING AND EDUCATION Form 990, Part III, Line 4b PROGRAM SERVICE #2 MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) PROVIDES THREE HOUSING COUNSELING SERVICES AIMED AT SAVING HOMES AND BUILDING COMMUNITIES. THESE SERVICES INCLUDE: 1. FORECLOSURE PREVENTION COUNSELING. THIS PROGRAM IS DESIGNED TO ASSIST THOSE WHO HAVE FALLEN BEHIND ON THEIR MORTGAGE PAYMENTS. MMI WORKS TOGETHER WITH THE CONSUMER AND THEIR MORTGAGE COMPANY TO HELP THE CONSUMER KEEP THEIR HOME AND AVOID THE COST AND DAMAGE TO THEIR CREDIT RATING ASSOCIATED WITH FORECLOSURE. 2. REVERSE MORTGAGE COUNSELING EDUCATES SENIORS ON THE BENEFITS, CONSEQUENCES, OPTIONS, AND PROCESS OF OBTAINING A HOME EQUITY CONVERSION MORTGAGE. 3. MMI ASSISTS POTENTIAL HOME BUYERS BY EDUCATING THEM ON THE COSTS AND RESPONSIBILITIES OF HOME OWNERSHIP. MMI COUNSELED OVER 295,000 CONSUMERS ON HOUSING-RELATED ISSUES IN 2011. THESE COUNSELING SESSIONS WERE CONDUCTED BY PHONE BY HOUSING COUNSELORS IN CONTACT CENTERS LOCATED IN PHOENIX, AZ; SUGAR LAND, TX; WARWICK, RI; AND SOUTH PORTLAND, ME AS WELL AS IN PERSON IN LOCAL BRANCH OFFICES THROUGHOUT THE UNITED STATES. THE FUNDING FOR HOUSING COUNSELING IS PROVIDED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (INCLUDING THE EMERGENCY HOMEOWNERS' LOAN PROGRAM - EHLP), THE NATIONAL FORECLOSURE MITIGATION COUNSELING PROGRAM (NEIGHBORWORKS), THE HOMEOWNERSHIP PRESERVATION FOUNDATION (HPF), AND THE U.S. TREASURY DEPARTMENT'S MAKING HOME AFFORDABLE PROGRAM (MHA). NOTE: INCLUDED IN REVENUE FOR PROGRAM SERVICE #2 (HOUSING COUNSELING) IS GRANT FUNDING FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) TO PROVIDE DELINQUENT MORTGAGE COUNSELING ($1,491,426), HOME EQUITY CONVERSION MORTGAGE COUNSELING ($2,195,071), AND EHLP ASSISTANCE ($1,992,922); $5,320,364 FROM NEIGHBORWORKS AMERICA (RECEIVED EITHER DIRECTLY FROM NEIGHBORWORKS OR FROM PASS-THROUGH ORGANIZATIONS SUCH AS HPF OR THE NATIONAL FOUNDATION FOR CREDIT COUNSELING; AND $9,387,381 IN FUNDING FROM THE TREASURY DEPARTMENT'S MHA PROGRAM. THIS REVENUE IS INCLUDED IN PART VIII, LINE 1E (GOVERNMENT GRANTS AND CONTRIBUTIONS). BANKRUPTCY COUNSELING AND BANKRUPTCY EDUCATION Form 990, Part III, Line 4c PROGRAM SERVICE #3 IN SEPTEMBER 2005, MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) WAS APPROVED BY THE EXECUTIVE OFFICE FOR UNITED STATES TRUSTEES (EOUST) TO PROVIDE PRE-FILING BANKRUPTCY COUNSELING AND TO ISSUE COUNSELING CERTIFICATES IN COMPLIANCE WITH THE BANKRUPTCY CODE. PRE-FILING COUNSELING IS AVAILABLE BY A VARIETY OF DELIVERY METHODS. INDIVIDUALS CAN COMPLETE A PRE-FILING COUNSELING SESSION BY TELEPHONE, INTERNET OR WEB CHAT. IN 2011, MMI PROVIDED 64,200 PRE-FILING BANKRUPTCY COUNSELING SESSIONS. MMI IS ALSO APPROVED BY THE EOUST TO DELIVER PRE-DISCHARGE BANKRUPTCY EDUCATION SERVICES. IN 2011, MORE THAN 38,600 DEBTORS PARTICIPATED IN ONE OF OUR BANKRUPTCY PRE-DISCHARGE EDUCATION PROGRAMS. TELEPHONE AND ONLINE PROGRAMS ARE SCHEDULED AT VARIOUS TIMES, INCLUDING EVENINGS AND WEEKENDS, TO PROVIDE CONVENIENT ACCESS FOR ALL PARTICIPANTS. UPON COMPLETION OF THE PROGRAM, A CERTIFICATE OF PARTICIPATION IS ISSUED ALLOWING THE INDIVIDUAL TO PROCEED WITH THE BANKRUPTCY DISCHARGE PROCESS. CONSUMER EDUCATION PROGRAMS AND COMMUNITY OUTREACH Form 990, Part III, Line 4d PROGRAM SERVICE #4 COMMUNITY OUTREACH AND CONSUMER FINANCIAL EDUCATION ARE INTEGRAL PARTS OF ALL CHARITABLE ACTIVITIES PERFORMED BY MONEY MANAGEMENT INTERNATIONAL, INC. (MMI). MMI'S COMMITMENT TO PROMOTE LOCAL COMMUNITY-BASED FINANCIAL EDUCATION IS PERHAPS BEST REFLECTED BY ITS PRESENCE IN LOCAL MARKETS. THE EDUCATION DEPARTMENT FOCUSES SPECIFICALLY ON EDUCATING THE PUBLIC ON SOUND PERSONAL FINANCIAL SKILLS AND MONEY MANAGEMENT PRINCIPLES BY DEVELOPING, DELIVERING, AND SUPPORTING PROGRAMS THAT TEACH THOSE SKILLS AND PRINCIPLES. MMI'S EDUCATION DEPARTMENT MAINTAINS OFFICES LOCATED IN STATES WHERE MMI PROVIDES IN-PERSON COUNSELING. THE DEPARTMENT PRESENTS AT NO OR VERY LOW COST INFORMATIVE FINANCIAL EDUCATION SEMINARS AND WORKSHOPS TO THE GENERAL PUBLIC THROUGH SCHOOLS, COMMUNITY ORGANIZATIONS, FINANCIAL INSTITUTIONS, SOCIAL SERVICE AGENCIES AND EMPLOYERS. DURING 2011, EDUCATION SPECIALISTS ALONG WITH THE AGENCY'S TRAINED VOLUNTEERS, PROVIDED 24,700 HOURS OF FINANCIAL LITERACY EDUCATION THROUGH WORKSHOPS, AND OUTREACH EVENTS TO 163,900 PARTICIPANTS. MMI DEVELOPED THE CERTIFIED MONEY MANAGEMENT VOLUNTEER ("CMMV") PROGRAM TO REACH MORE CONSUMERS WITH FINANCIAL EDUCATION PROGRAMS. THROUGH THIS PROGRAM, MMI RECRUITS AND TRAINS VOLUNTEERS FROM LOCAL BUSINESSES AND COMMUNITY SERVICE ORGANIZATIONS TO TEACH THE IMPORTANCE OF FINANCIAL RESPONSIBILITY. THIS PROGRAM HAS ALLOWED MMI TO INCREASE COMMUNITY OUTREACH AND FURTHER DEMONSTRATE ITS COMMITMENT TO IMPROVING THE QUALITY OF LIFE IN THE AREAS IN WHICH MMI OPERATES. THE CMMV CURRICULUM INCLUDES FINANCIALS SKILLS-BUILDING, BUDGETING, ESTABLISHING CREDIT, BUYING DECISIONS, AND PLANNING FOR THE FUTURE. THESE DONATED SERVICES ARE VALUED AT $158,629. BILINGUAL CERTIFIED COUNSELORS AND VOLUNTEERS ARE ALSO AVAILABLE TO PRESENT PROGRAMS TO SPANISH-SPEAKING AUDIENCES. MMI'S STAFF OF HIGHLY TRAINED EDUCATIONAL PROFESSIONALS OFFERS SEMINARS THAT COVER A WIDE RANGE OF TOPICS. THE TYPES OF PROGRAMS OFFERED INCLUDE "UNDERSTANDING MONEY AND CREDIT"; "AVOIDING IDENTITY THEFT"; "AVOIDING SCAMS AND FRAUD"; "FIRST-TIME HOMEBUYER PROGRAMS"; "WHEN INCOME DECREASES, BUT THE BILLS DON'T"; "PLANNING FOR THE HOLIDAYS"; "READY WILLING AND ABLE: MAKING POSITIVE FINANCIAL CHANGE"; "LIVING ON A FIXED INCOME"; AND "TEACHING CHILDREN ABOUT MONEY". THE EIGHT-PART "JOURNEY TO FINANCIAL SECURITY SERIES" INCLUDES INFORMATION ABOUT SETTING GOALS AND PRIORITIES, MANAGING INCOME AND EXPENSES, MANAGING IMPORTANT PAPERS, UNDERSTANDING CREDIT REPORTS AND CREDIT SCORES, USING CREDIT WISELY, KEEPING DEBT UNDER CONTROL, BUILDING SAVINGS AND CREATING WEALTH. PROGRAMS ARE OFFERED FOR YOUNG STUDENTS FROM KINDERGARTEN TO MIDDLE SCHOOL THAT ADDRESS DISTINGUISHING BETWEEN WANTS AND NEEDS, MAKING WISE SPENDING CHOICES, BUDGETING, THE IMPORTANCE OF SAVING, AND HOW ADVERTISING INFLUENCES SPENDING CHOICES. THE TYPES OF PROGRAMS IN THIS SERIES INCLUDE "BROWNIE WANTS A NEW BIKE"; "THE MONEY BUNNIES TAKE A VACATION"; HANDS ON BANKING"; AND "MY MONEY 101". OLDER STUDENTS CAN TAKE PART IN PROGRAMS SUCH AS "CREDIT REPORTS AND CREDIT SCORES"; "MANAGING INCOME AND EXPENSES"; "APARTMENTS, CARS AND COLLEGE"; AND "REAL MONEY 101". CUSTOMIZED PROGRAMS ARE ALSO AVAILABLE. CLASS PARTICIPANTS ARE GIVEN A VARIETY OF MATERIALS, INCLUDING WORKBOOKS AND HANDOUTS TO SUPPLEMENT THE VISUAL AIDS. ALL CONSUMERS WITH ACCESS TO THE WORLD WIDE WEB CAN TAKE PART IN EDUCATION ONLINE FROM THE COMFORT OF THEIR HOME OR OFFICE THROUGH MMI'S WEB SITE AT WWW.MONEYMANAGEMENT.ORG. ONLINE WEB SEMINAR PROGRAMS ARE AVAILABLE TO MMI CLIENTS AND THE GENERAL PUBLIC. THESE SEMINARS CONSIST OF A POWERPOINT PRESENTATION THAT IS FACILITATED LIVE BY AN EDUCATOR. PARTICIPANTS SIGN INTO "CONNECT PRO" USING A WEB LINK AND A SPECIFIC TELEPHONE NUMBER. THEY CAN THEN HEAR AND TALK WITH THE EDUCATOR AS WELL AS FOLLOW THE POWERPOINT SLIDES ON THEIR COMPUTER SCREEN. THE WEB SEMINARS ARE FULLY INTERACTIVE; THERE ARE A NUMBER OF ACTIVITIES TO KEEP PARTICIPANTS INVOLVED AND REINFORCE WHAT THEY ARE LEARNING. THESE PROGRAMS ARE SCHEDULED AT TIMES CONVENIENT FOR CONSUMERS, AND REGISTRATION IS REQUIRED. THE REGISTRATION SCHEDULE AND LINK TO THE PROGRAMS IS ON THE HOME PAGE OF OUR WEB SITE. NEW CLASSES ARE ADDED REGULARLY, AND CURRENT CLASSES INCLUDE: "BUDGETING - MAKING YOUR MONEY COUNT"; "YOUR CREDIT REPORT AND CREDIT SCORE"; "PUT YOUR DEBT ON A DIET"; "KEEPING THE DREAM OF HOMEOWNERSHIP ALIVE"; "TEACHING CHILDREN ABOUT MONEY"; AND "LET'S TALK - COUPLES AND MONEY". IN ADDITION TO THE IN-PERSON WORKSHOPS AND EDUCATION PROGRAMS VIA THE WEB, THE PUBLIC AND CLIENTS OF MMI CAN ACCESS EDUCATIONAL RESOURCES ON MMI'S WEB SITE PAGES WHICH INCLUDE TEACHER RESOURCES, LESSON PLANS, VIDEOS, FINANCIAL TOOLS, ONLINE ARTICLES, AND A "Q&A" SECTION SPECIFICALLY DESIGNED TO ANSWER FINANCE-RELATED QUESTIONS. ALL OF THESE SERVICES ARE PROVIDED TO THE PUBLIC FREE OF CHARGE. MANY OF OUR AT-RISK VISITORS WILL SEEK GUIDANCE, DOWNLOAD MATERIALS, SIGN UP FOR MMI'S FREE WEEKLY EDUCATION NEWSLETTERS, AND/OR SUBMIT QUESTIONS TO THE MMI "ADVICE TEAM". GIVING BACK TO LOCAL COMMUNITIES THROUGH EDUCATIONAL OPPORTUNITIES IS ALSO IMPORTANT TO MMI'S EMPLOYEES. MANY EMPLOYEES TAKE MMI'S MESSAGE WITH THEM TO THEIR CHURCHES AND SYNAGOGUES, CLUBS, AND TRADE ORGANIZATIONS. THEY ARE ENCOURAGED TO SPREAD THE WORD OF WISE USE OF CREDIT AND MONEY MANAGEMENT BY OFFERING FREE LITERATURE AND WORKBOOKS TO THEIR AUDIENCES. AGENCY SERVICES - UNRELATED BUSINESS INCOME Form 990, Part III, Line 4d PROGRAM SERVICE #5 ON DECEMBER 31, 2005, CONSUMER CREDIT COUNSELING SERVICES OF GREATER DENVER, INC. MERGED WITH AND INTO MONEY MANAGEMENT INTERNATIONAL, INC. (MMI). THE DENVER OPERATION, THROUGH ITS PARAGON FINANCIAL SYSTEMS DIVISION, PROVIDES TECHNICAL ASSISTANCE, SOFTWARE, FULFILLMENT, AND BACK OFFICE SUPPORT FOR THE COUNSELING OPERATIONS OF OTHER NONPROFIT CREDIT COUNSELING AND DEBT MANAGEMENT AGENCIES. PRIOR TO ITS MERGER WITH MMI, CCCS OF GREATER DENVER WAS AN ORGANIZATION RECOGNIZED BY THE IRS AS A PUBLIC CHARITY DESCRIBED IN IRC SECTIONS 501(C)(3) AND 509(A)(2). OTHER CHANGES IN NET ASSETS Form 990, Part XI, Line 5 Unrealized Loss on Investments $(1,629,038) ============ PROCESS USED TO REVIEW FORM 990 FORM 990, PART VI - POLICIES - SEC. B, LINE 11 THE BOARD OF DIRECTORS FOR MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) HAS ESTABLISHED AN AUDIT COMMITTEE WHICH REVIEWS ALL AUDITED FINANCIAL STATEMENTS AND FEDERAL TAX RETURNS. MMI'S 2011 FORM 990 AND RELATED SCHEDULES WERE MADE AVAILABLE TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING THE RETURN. PROCEDURES TO MONITOR CONFLICTS OF INTEREST FORM 990, PART VI - POLICIES - SEC. B, LINE 12 ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ("EXECUTIVES") OF MONEY MANAGEMENT INTERNATIONAL, INC. (MMI)ARE BOUND BY A CONFLICT OF INTEREST POLICY WHEREBY THEY MUST COMPLETE AND SUBMIT ON AN ANNUAL BASIS A CONFLICTS OF INTEREST QUESTIONNAIRE AND DISCLOSURE FORM DETAILING "ANY OTHER INTERESTS". THE EXECUTIVE MUST UPDATE THE DISCLOSURE FORM IF ANY MATERIAL CHANGES OR ADDITIONS TO THE SUBMITTED INFORMATION ARISE DURING THE COURSE OF THE YEAR. ON THE DISCLOSURE FORM, THE EXECUTIVE MUST LIST THE FOLLOWING: 1. ALL FINANCIAL TRANSACTIONS WITH THE ORGANIZATION. 2. WHETHER THE EXECUTIVE OR ANY FAMILY MEMBER OF THE EXECUTIVE HAS AN EXISTING OR POTENTIAL INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY THIRD PARTY PROVIDING GOODS OR SERVICES TO THE ORGANIZATION. 3. WHETHER THE EXECUTIVE OR ANY FAMILY MEMBER OF THE EXECUTIVE HAS AN EXISTING OR POTENTIAL INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY THIRD PARTY WITH WHICH THE ORGANIZATION IS CURRENTLY NEGOTIATING A TRANSACTION OR ARRANGEMENT. 4. ANY OTHER NONPROFIT OR FOR-PROFIT ORGANIZATIONS WITH POTENTIALLY CONFLICTING INTERESTS IN WHICH THE EXECUTIVE OR ANY FAMILY MEMBER OF THE EXECUTIVE IS ACTIVELY INVOLVED, HAS A SIGNIFICANT INVESTMENT, OR OWNS AT LEAST A 1% INTEREST. 5. ALL PAID OR UNPAID POSITIONS OR RELATIONSHIPS WITH NONPROFIT OR FOR-PROFIT THIRD PARTY ORGANIZATIONS THAT COMPETE WITH THE ORGANIZATION, OR TAKE PUBLIC POSITIONS CONTRARY TO THOSE OF THE ORGANIZATION. 6. ANY OTHER INTEREST THAT MAY ARISE FROM A TRANSACTION BETWEEN THE ORGANIZATION AND A THIRD PARTY, OR AN EXECUTIVE'S VOLUNTEER OR PAID RELATIONSHIP WITH A THIRD PARTY, WHICH MAY COMPROMISE THE EXECUTIVE'S ABILITY TO PROVIDE UNBIASED AND UNDIVIDED LOYALTY TO THE ORGANIZATION. PROCEDURES USED TO DETERMINE COMPENSATION FORM 990, PART VI - POLICIES - SEC. B, LINE 15 MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) HAS DEVELOPED AND IMPLEMENTED A COMPENSATION POLICY THAT ADHERES TO THE STANDARDS PROVIDED IN TREASURY REGULATIONS SECTION 53.4958-6. MMI'S COMPENSATION POLICY REQUIRES THE FOLLOWING: 1) PRIOR TO PAYMENT, THE AMOUNT OF COMPENSATION PROVIDED TO OFFICERS AND KEY EMPLOYEES MUST BE REVIEWED AND APPROVED BY INDEPENDENT PERSONS (THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS) ACTING ON BEHALF OF THE MMI BOARD OF DIRECTORS; 2) THE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON COMPARABILITY DATA AND VALUATION STUDIES PREPARED FOR MMI BY INDEPENDENT EXECUTIVE COMPENSATION EXPERTS IN ITS REVIEW AND APPROVAL OF OFFICER AND KEY EMPLOYEE COMPENSATION; AND 3) WHEN APPROVING AN AMOUNT OF COMPENSATION FOR OFFICERS AND KEY EMPLOYEES, THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS ITS DELIBERATIONS AND DECISIONS IN WRITING. GOVERNANCE & POLICY DISCLOSURE FORM 990, PART VI - DISCLOSURE - SECTION C, LINE 19 MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) COMPLIES WITH THE PUBLIC INSPECTION REQUIREMENTS OF INTERNAL REVENUE CODE SECTION 6104 BY MAKING AVAILABLE TO THE PUBLIC ITS FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, DETERMINATION LETTER FROM THE IRS, AND FORMS 990 AND 990-T FOR ITS THREE MOST RECENTLY COMPLETED TAX PERIODS. IN ADDITION TO THIS INFORMATION, EVEN THOUGH SECTION 6104 DOES NOT REQUIRE ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) TO DISCLOSE THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, OR FINANCIAL STATEMENTS, MMI HAS CHOSEN TO MAKE SUCH INFORMATION AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. SINGLE AUDIT PROCEDURES FORM 990, PART XII - FINANCIAL STATEMENTS AND REPORTING - LINE 3B MMI'S BOARD OF DIRECTORS HAS ESTABLISHED AN AUDIT COMMITTEE WHICH REVIEWS ALL AUDITED FINANCIAL STATEMENTS, THE SELECTION OF OUTSIDE AUDITORS, AND THE PROCESS BY WHICH THE ORGANIZATION IS AUDITED. IN ADDITION TO THE REGULAR AUDIT OF FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), A SINGLE PURPOSE AUDIT IS PERFORMED AS REQUIRED BY THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. THIS AUDIT IS PERFORMED BECAUSE MMI RECEIVES GRANT FUNDING FROM THE U.S. FEDERAL GOVERNMENT. A SPECIAL PURPOSE AUDIT DISCLOSES AUDITOR OPINIONS REGARDING MMI'S COMPLIANCE, IN ALL MATERIAL RESPECTS, WITH THE REQUIREMENTS OF THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. CHANGE TO MMI'S CERTIFICATE OF FORMATION FORM 990, PART VI, SECTION A, LINE 4 Effective June 13, 2012, MMI restated its Certificate of Formation to expand on the purposes of the organization. In addition to promoting community education, housing counseling, and credit counseling services (including debt management counseling and educational services to consumers on a nonprofit basis), MMI included the following in its corporate purpose: 1. To engage in activities which lessen the burdens of government through the provision of education and social services; 2. To work with or establish other public or private agencies, organizations, or associations to engage in any and all lawful acts and things which may be necessary, useful, suitable or proper for the furtherance, accomplishment or attainment of any or all purposes or powers of the Corporation; 3. To make charitable contributions and grants to nonprofit organizations exempt from federal income tax under Section 501(c)(3) of the tax Code, as well as to governmental units or other nonprofit organizations that promote and further any and all purposes or powers of the Corporation; and 4. To engage in any and all lawful activities related to and in furtherance of the Corporation's religious, charitable, scientific, literary and educational purposes. The Restated Certificate of Formation also aligned the terms for directors with those in the Bylaws, provided an updated list of directors and eliminated references to MMI's incorporators. Effective June 5, 2012, MMI revised its bylaws to reference the purpose of the organization as stated in the Restated Certificate of Formation. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Dr. Angela Lyons TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Frank DeGise TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Douglas K. Durnin TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Lester E. Dees TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Stephen A. McNeely TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Frank W. Montfort TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Scot E. Sheldon TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Dr. William F. Staats TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Joseph P. Warner TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Ivan L. Hand TITLE:President & Director HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:David A. Juengel TITLE:Treasurer HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Jean L. Law TITLE:Secretary HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Mel Stiller TITLE:Development Director HOURS:5 CCCS OF SOUTHERN NEW ENGLAND INC 14141 SOUTHWEST FRWY STE1000 SUGAR LAND TX 77478 237230816 CREDIT COUNS. MA 501(C)(3) 9 MMIINC true MMI FINANCIAL EDUCATION FOUNDATION 14141 SOUTHWEST FRWY STE1000 SUGAR LAND TX 77478 760691702 FIN. EDUC. TX 501(C)(3) 11,TYPE I MMIINC true REVERSE MORTGAGE COUNSELING ASSOCIATION 14141 SOUTHWEST FRWY STE1000 SUGAR LAND TX 77478 262387390 COUNS. SUPPORT DC NA C false false false false false false false false false false false false false false true true false false CCCS OF SOUTHERN NEW ENGLAND INC 602100 FMV CCCS OF SOUTHERN NEW ENGLAND INC 21440 FMV CCCS OF SOUTHERN NEW ENGLAND, INC. 14141 SOUTHWEST FRWY, STE. 1000 SUGAR LAND, TX 77478 EIN: 23-7230816 LOBBYING EXPENSE: NONE MMI FINANCIAL EDUCATION FOUNDATION 14141 SOUTHWEST FRWY, STE. 1000 SUGAR LAND, TX 77478 EID: 76-0691702 LOBBYING EXPENSE: NONE