American Consumer Credit Counseling Inc
- Assets
- $17.8m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 154
- Location
- Auburndale, MA
- Founding
- 02/1994
- Data as of
- 12/2022
- EIN
- 04-3166982
Organization Overview
American Consumer Credit Counseling Inc is located in Auburndale, MA. The organization was established in 1994. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2022, American Consumer Credit Counseling Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Consumer Credit Counseling Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, American Consumer Credit Counseling Inc generated $11.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $11.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHMENT PAGE 1 & 2
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT PAGE 1 & 2
SEE ATTACHMENT PAGE 1 & 2
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Amadin President & | Officer | 40 | $225,328 |
Tracey R Macomber VP Governanc | Officer | 40 | $164,160 |
Paul Glover Senior Softw | 40 | $144,748 | |
Katherine H Ross Executive VP | Officer | 40 | $132,794 |
Daniel Turner Director Of | 40 | $122,626 | |
Donna M Conley VP & Clerk | Officer | 40 | $117,012 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,518,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,518,360 |
| Total Program Service Revenue | $9,217,436 |
| Investment income | $238,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,982,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $639,294 |
| Compensation of current officers, directors, key employees. | $639,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,775,182 |
| Pension plan accruals and contributions | $118,314 |
| Other employee benefits | $728,284 |
| Payroll taxes | $539,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,408 |
| Fees for services: Accounting | $45,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,812 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,759 |
| Office expenses | $202,948 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $483,032 |
| Travel | $31,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,348 |
| Insurance | $78,508 |
| All other expenses | $493,051 |
| Total functional expenses | $11,570,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,059,258 |
| Savings and temporary cash investments | $9,922,680 |
| Pledges and grants receivable | $162,600 |
| Accounts receivable, net | $161,849 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $262,176 |
| Net Land, buildings, and equipment | $1,853,617 |
| Investments—publicly traded securities | $2,399,095 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,821,275 |
| Accounts payable and accrued expenses | $273,528 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,942,301 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $198,731 |
| Total liabilities | $2,414,560 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,406,715 |
| Total liabilities and net assets/fund balances | $17,821,275 |