2011-04-11T07:24:05-05:00 2010-06-30 RIBIS JONES & MARESCA PA 10500 LITTLE PATUXENT PARKWAY SUITE COLUMBIA MD 21044 990 2009-07-01 562106758 CONSUMER EDUCATION SERVICES INC CONS 9198615324 3700 BARRETT DRIVE RALEIGH NC 27609 DIANE CHEN 9198615324 2011-04-06 1 DAVID JONES 4108840220 2009 2016-02-24 21:20:13Z X DIANE CHEN 3700 barrett drive RALEIGH NC 27609 37200126 0 X www.mycesi.org X 1998 NC TO PROVIDE CREDIT COUNSELING SERVICES TO THE GENERAL PUBLIC. THESE SERVICES INCLUDE EDUCATIONAL ACTIVITIES, CREDIT COUNSELING, CLIENT DEBT MANAGEMENT PROGRAMS AND OTHER ACTIVITIES FOR THE BENEFIT OF THE GENERAL PUBLIC. 5 4 126 0 2369075 579551 5996798 6162335 26247325 30984912 169873 52652 2427 227 32416423 37200126 0 0 3494049 4548966 0 0 29449000 28827747 32943049 33376713 -526626 3823413 12164632 16676224 5706680 6387544 6457952 10288680 TO PROVIDE CREDIT COUNSELING SERVICES TO THE GENERAL PUBLIC. THESE SERVICES INCLUDE EDUCATIONAL PROGRAMS AND ACTIVITIES, CREDIT COUNSELING, CLIENT DEBT MANAGEMENT PROGRAMS AND HOUSING COUNSELING SERVICES FOR THE BENEFIT OF THE GENERAL PUBLIC. 0 0 13007170 28586642 CREDIT COUNSELING AND EDUCATION: THIS PROGRAM ASSISTS CLIENTS IN MANAGING THEIR PERSONAL FINANCES THROUGH THE PROVISION OF CREDIT COUNSELING, EDUCATION AND TRAINING, AND BUDGET PLANNING. CESI OFFERS ASSISTANCE OVER THE PHONE, ONLINE, AND IN PERSON. CERTIFIED CREDIT COUNSELORS DISCUSS VARIOUS OPTIONS WITH CLIENTS REGARDING FINANCIAL DECISIONS. THEY ASSESS INDIVIDUALS' PERSONAL FINANCIAL SITUATION AND ASSIST THEM IN DEVELOPING A BUDGET IN ORDER TO IMPROVE THEIR OVERALL CREDIT. DURING THE FISCAL YEAR ENDED JUNE 30, 2010, APPROXIMATELY 73,000 FINANCIALLY DISTRESSED INDIVIDUALS RECEIVED CREDIT COUNSELING AND FREE EDUCATIONAL RESOURCE MATERIALS.CESI ALSO OFFERS A WIDE VARIETY OF HOUSING COUNSELING SERVICES TO POTENTIAL HOMEBUYERS AND CURRENT HOMEOWNERS. THESE SERVICES INCLUDE EDUCATION THROUGH GROUP SESSIONS AND ONE-ON-ONE COUNSELING. THE AREAS OF FOCUS ARE PRE-PURCHASE EDUCATION AND COUNSELING, LOSS MITIGATION COUNSELING, FORECLOSURE PREVENTION COUNSELING, AND REVERSE MORTGAGE COUNSELING. 775559 29422 COMMUNITY EDUCATION OUTREACH: CESI HAS SUPPORTED THE ADVANCEMENT OF FINANCIAL LITERACY EDUCATION WITHIN ITS LOCAL AND STATE COMMUNITIES THROUGH A STRONG COMMUNITY OUTREACH PROGRAM. THE FIRST PART OF THE OUTREACH EFFORT IS IN THE FORM OF GROUP EDUCATION PROGRAMS, USUALLY IN PARTNERSHIP WITH LOCAL COMMUNITY AGENCIES OR EDUCATIONAL INSTITUTIONS. THE SECOND PART OF THE CESI OUTREACH PROGRAM EFFORT IS IN THE FORM OF FREE INDIVIDUAL FINANCIAL COUNSELING AT THE CESI CENTER WITH AN ACCREDITED CESI COUNSELOR.CESI offers numerous financial educational resources, which are easily accessed by all consumers and not just CESI customers. These resources are designed to help consumers better manage their finances and to achieve the goal of becoming debt free.In addition, consumers are able to take advantage of CESI's free online courses. The Debt Guard Financial Literacy Program and Money Smart programs offer self-paced instructional sessions. Both programs assist consumers with the necessary skills to improve their financial management practices that include debt management, minimizing credit card spending, developing a budget. CESI also offers a variety of educational resources that include personal financial calculators, a monthly e-newsletter, an extensive online article library, educational blogs and on-line community message boards, and a variety of educational whitepapers including Consumer Credit Literacy written by Dr. B.R. Poulton PHD, as well as various e-learning resources such as video webcasts and e-books. 16638038 CLIENT PAYMENT PROCESSING: THIS PROGRAM PROVIDES SERVICES TO ITS DEBT MANAGEMENT PARTICIPANTS WITH RESPECT TO PROCESSING PAYMENTS, WORKING WITH CREDITORS TO SECURE A REDUCTION IN INTEREST RATES, AND EDUCATING AND TRAINING CLIENTS TO BETTER MANAGE THEIR FINANCES. THE CLIENT PAYMENT PROCESSING IS OUTSOURCED TO A THIRD-PARTY SERVICE PROVIDER WITH CESI'S FINAL APPROVAL. 2010379 2369075 MEMBER BENEFITS SERVICES: THIS PROGRAM OFFERS VARIOUS SERVICES TO ITS CLIENTS PARTICIPATING IN THE DEBT MANAGEMENT PROGRAM. SUCH BENEFITS INCLUDE REBATES ON EVERYDAY PURCHASES, A DISCOUNT SAVERS CLUB BOOKLET, VISION CARE DISCOUNTS ON EYE EXAMS AND EYE SURGERIES, DISCOUNTS ON PRESCRIPTION MEDICINE, ONLINE COUPONS FOR RESTURANTS, HOTEL RESERVATIONS, TRAVEL, AND AN ARRAY OF OTHER DISCOUNT SERVICES. 2010379 2369075 32431146 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 126 1 1 1 0 0 0 0 0 0 0 0 5 4 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 WV NC IL OR X Diane CHEN 9198615324 3700 BARRETT DRIVE RALEIGH NC 27609 DR JAMES WANG 1.00 X 0 0 0 DR FRED MANGUM 1.00 X 0 0 0 CHRISTOPHER SWIFT 1.00 X 0 0 0 DR EDWARD ERICKSON 15.00 X 0 0 0 DR Diane CHEN 40.00 X 204808 0 4709 204808 0 4709 1 0 1 0 AMERIX CORPORATION 8930 STANFORD BOULEVARD COLUMBIA MD 21045 BACK OFFICE DEBT MANAGEMENT PROCESSING A 17486905 3CI 8930 STANFORD BOULEVARD COLUMBIA MD 21045 MARKETING 7991665 SUTHERLAND ASBILL & BRENNAN LLP 1275 PENNSYLVANIA AVE WASHNGTON DC 20004 LEGAL 258276 YAHOOINC 333 empire ave burbank CA 91504 INFORMATION TECHNOLOGY/WEBSITE SERVICES 166297 AIRTIME MEDIA LLC 110 WILD DUCK ROAD STANFORD CT 06903 MARKETING 160071 5 32291 6130044 6162335 DEBT MANAGEMENT PROGRA 900099 28586642 28586642 MEMBER BENEFIT SERVICE 812900 2369075 2369075 HOUSING SERVICES 812900 29195 29195 30984912 52652 52652 OTHER INCOME 900099 227 227 227 37200126 28616064 2369075 52652 204808 174087 30721 3521075 2992911 528164 500159 425135 75024 322924 274484 48440 28938 28938 415100 352838 62262 1019583 970698 48885 2802 2381 421 173604 147563 26041 47708 42936 4772 10349 10349 120572 102487 18085 41500 35275 6225 income taxes 221855 221855 PROCESSING FEES 14850797 14850797 PUBLIC AWARENESS 9146106 9146106 MEMBER BENEFIT SERVICES 1788524 1788524 COMPUTER expenses 387865 329685 58180 572444 563035 9409 33376713 32431146 945567 0 4868270 4374932 1105246 4129044 16025 8370 40247 27331 2005619 552551 331266 1453068 704707 1018631 5098871 5664848 12164632 16676224 604097 855248 5102583 5532296 5706680 6387544 X 6457952 10288680 6457952 10288680 12164632 16676224 X 0 1 0 X 0 X 21876283 4650072 4901518 5996798 6162335 43587006 21876283 4650072 4901518 5996798 6162335 43587006 4409181 39177825 420559 644831 503583 169873 52652 1791498 8615 93500 15413 2427 227 120182 45498686 97021220 0.86110 0.92000 X Schedule A, Part II, Line 10, Explanation of Other Income: misc. sales and refunds RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5004151 468677689 468115334 5566506 1 156896 156896 889076 5627 883449 746487 428800 317687 213160 118124 95036 1453068 SECURITIES AND OTHER INVESTMENTS 136778 C ESCROW BONDS 881853 C 1018631 CLIENT ACCOUNTS 5532296 INTEREST ON CLIENT ACCOUNTS 34210 caSH SURRENDER VALUE OF LIFE INSURANCE 75816 sECURITY DEPOSIT 22526 5664848 37200126 33376713 3823413 7315 7315 3830728 37207441 7315 7315 37200126 0 37200126 33376713 0 33376713 0 33376713 Part IV, Line 2b: FUNDS RECEIVED FROM INDIVIDUALS PARTICIPATING IN THE DEBT MANAGEMENT PROGRAM ARE HELD IN VARIOUS SEPARATE FBO BANK ACCOUNTS UNTIL THE FUNDS ARE DISTRIBUTED TO CREDITORS AND CONTRIBUTIONS ARE DISBURSED TO CESI. CERTAIN STATES REQUIRE THAT CASH ACCOUNTS BE HELD IN THE SAME STATE IN WHICH THE FUNDS ARE RECEIVED. ALL RESTRICTED CASH ACCOUNTS ARE NOT AVAILABLE FOR CESI'S OPERATING EXPENSES OR THE CREDITORS OF CESI. Part XI, Line 8 - Other Adjustments: unrealized GAIN on cash surrender value of life insurance: 7315. Part XII, Line 2d - Other Adjustments: UNREALIZED GAIN on Cash Surrender Value of Life Insurance: 7315. X 0 0 0 0 0 0 0 0 0 DR Diane CHEN 204808 0 0 0 0 0 0 0 4709 0 209517 0 0 0 Form 990, Part VI, Section A, line 8b THE ORGANIZATION'S BOARD OF DIRECTORS HAS NO SEPARATE COMMITTEES. THE BOARD OF DIRECTORS IS MADE UP OF FIVE MEMBERS. Form 990, Part VI, Section B, line 11 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, Part VI, Section B, 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 INTEREST REQUIRE IMMEDIATE DISCLOSURE. Form 990, Part VI, Section B, line 15 THE BOARD OF DIRECTORS DETERMINES THE SALARY OF THE PRESIDENT & CEO AND KEY EMPLOYEES ON AN ANNUAL BASIS. Form 990, Part VI, Section C, line 19 CESI MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE ON GUIDESTAR.COM.