Consumer Credit And Budget Counseling Inc

Organization Overview

Consumer Credit And Budget Counseling Inc, operating under the name National Foundation For Debt Management, is located in Marmora, NJ. The organization was established in 1998. 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 12/2021, National Foundation For Debt Management employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Foundation For Debt Management 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 12/2021, National Foundation For Debt Management generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAMS TO CARRYOUT EDUCATIONAL AND CONFIDENTIAL COUNSELING TO INDIVIDUALS AND FAMILIES WITH SERIOUS MONEY PROBLEMS,INCLUDING DEBT MANAGEMENT PLANS AND HOUSING COUNSELING TO EDUCATE THE HOMEOWNER PRIOR TO ENTERING FORECLOSURE, DURING, AND/OR SUBMITTING A REVERSE MORTGAGE LOAN APPLICATION. CCBC STAFF IS EXTENSIVELY TRAINED AND CERTIFIED FOR EACH PROGRAM DELIVERED AND CCBC INTERNAL REQUIREMENTS OFTEN EXCEED HUD PROTOCOL FOR PROGRAM DELIVERY.


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Board, Officers & Key Employees

Name (title)Compensation
Judy Sorensen
President
$143,310
Russell E Graves
Executive Director
$138,311
Daniel Stewart
Board Member
$500
Michael Wetmore
Board Member
$500
Charles Benjamin
Board Member
$500
Brian Downie
Board Member
$500

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Alpha Staffing & Employee Leasing Inc
Client Support
$1,021,552
Debtcom Llc
Public Outreach
$645,120
Venturetech Solutions Llc
Technology Services
$171,226
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $220,963
All other contributions, gifts, grants, and similar amounts not included above$342,699
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$563,662
Total Program Service Revenue$3,157,058
Investment income $0
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 $3,720,720

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Consumer Credit And Budget Counseling Inc has recieved totaling $53.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$53
View Grant Recipient Profile

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