Allen Credit & Debt Counseling Agency
- Assets
- $408.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 24
- Location
- Wolsey, SD
- Founding
- 03/2007
- Data as of
- 06/2021
- EIN
- 20-3413292
Organization Overview
Allen Credit & Debt Counseling Agency is located in Wolsey, SD. The organization was established in 2007. 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 06/2021, Allen Credit & Debt Counseling Agency employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allen Credit & Debt Counseling Agency 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 06/2021, Allen Credit & Debt Counseling Agency generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONSUMER CREDIT COUNSELING & LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES CONSUMER CREDIT MANAGEMENT SERVICES, CONVENIENT PRE-BANKRUPTCY CREDIT COUNSELING AND PERSONAL FINANCIAL MANAGEMENT INSTRUCTIONAL COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Jungemann CEO | Officer | 40 | $196,680 |
Damon Wolf Member | OfficerTrustee | 1 | $0 |
Matt Niederbaumer Vice Preside | OfficerTrustee | 1 | $0 |
Joel Prybil Member | OfficerTrustee | 1 | $0 |
David Struck President | OfficerTrustee | 1 | $0 |
Mike Vaupel Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $275,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,800 |
| Total Program Service Revenue | $1,001,215 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,340,879 |
| 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. | $196,680 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $450,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,753 |
| Office expenses | $26,675 |
| Information technology | $34,842 |
| Royalties | $0 |
| Occupancy | $142,183 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,723 |
| Interest | $15,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,789 |
| Insurance | $73,193 |
| All other expenses | $419 |
| Total functional expenses | $1,236,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,525 |
| Savings and temporary cash investments | $28,958 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,596 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,253 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $252,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,000 |
| Other assets | $23,285 |
| Total assets | $408,689 |
| Accounts payable and accrued expenses | $88,550 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $127,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,057 |
| Total liabilities | $285,196 |
| Net assets without donor restrictions | $123,493 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $408,689 |
Peer Organizations
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|---|---|---|
Economic Empowerment Center Omaha, NE | $3,751,095 | $11,872,061 |
North Iowa Community Action Organization Mason City, IA | $4,791,194 | $9,251,857 |
Familymeans Stillwater, MN | $14,787,567 | $4,858,760 |
Prepare And Prosper St Paul, MN | $2,509,288 | $2,156,071 |
Consumer Credit Of Des Moines Des Moines, IA | $2,361,855 | $1,382,576 |
Credit Advisors Foundation Omaha, NE | $5,047,344 | $1,612,156 |
Allen Credit & Debt Counseling Agency Wolsey, SD | $408,689 | $1,340,879 |
Black Hills Childrens Ranch Inc Rapid City, SD | $795,827 | $1,321,713 |
Family Financial Education Foundation Evanston, WY | $2,580,776 | $1,346,527 |
Center For Siouxland Sioux City, IA | $2,429,304 | $818,535 |
Rural Dynamics Inc Great Falls, MT | $5,435,285 | $763,388 |
Rushmore Consumer Credit Resource Center Rapid City, SD | $1,176,938 | $416,877 |