Family Budget Services Inc
- Assets
- $134.7k
- Revenue
- $909.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Sunrise, FL
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 36-4254969
Organization Overview
Family Budget Services Inc is located in Sunrise, FL. The organization was established in 2000. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Family Budget Services Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Budget Services 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 12/2021, Family Budget Services Inc generated $909.7k in total revenue. All expenses for the organization totaled $911.0k during the year ending 12/2021. While expenses have increased by 85.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAMILY BUDGET SERVICES, INC. FBSI IS A 501 C 3 NON-PROFIT CREDIT COUNSELING ORGANIZATION OFFERING COUNSELING SERVICES FOR CONSUMERS WHO HAVE BECOME OVEREXTENDED WITH EXCESSIVE DEBT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CERTIFIED CREDIT COUNSELORS OF FBSI PROVIDES THEIR CLIENTS WITH EDUCATION AND ASSISTANCE IN GUIDING THEM TO A MORE SUSTAINABLE BUDGET, THE PROPER USE OF CREDIT, AND THE ABILITY TO PAY THEIR MONTHLY BILLS IN A TIMELY MANNER. THE GOAL IS TO PROVIDE THE CLIENT WITH ALL THE TOOLS THEY NEED TO PRACTICE MANAGING THEIR FINANCES BETTER AND PROMOTING SOUND FINANCIAL HEALTH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed CEO | Officer | 40 | $0 |
Richard Meyers President | Officer | 5 | $0 |
Troy Stockdale Vice President | Officer | 5 | $0 |
Sandra Meyers Treasurer | Officer | 5 | $0 |
Quin Hodges Director | Trustee | 2 | $0 |
Kyle Cassano Director | Trustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $839,695 |
| 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 | $909,667 |
| 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. | $185,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,029 |
| Pension plan accruals and contributions | $32,539 |
| Other employee benefits | $0 |
| Payroll taxes | $119,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,455 |
| Office expenses | $59,317 |
| Information technology | $34,053 |
| Royalties | $0 |
| Occupancy | $79,992 |
| Travel | $4,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,044 |
| Interest | $244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,167 |
| All other expenses | $0 |
| Total functional expenses | $910,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $30,100 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $134,680 |
| Accounts payable and accrued expenses | $27,292 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $158,900 |
| Total liabilities | $186,192 |
| Net assets without donor restrictions | -$51,512 |
| 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 | $134,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Miami Jewish Federation Miami, FL | $526,029,047 | $149,579,528 |
United Way Miami Inc Miami, FL | $146,891,881 | $55,112,888 |
Community Action Partnership Of North Alabama Inc Decatur, AL | $106,792,545 | $49,339,847 |
United Way Of Northeast Florida Inc Jacksonville, FL | $41,231,391 | $43,923,077 |
Jewish Federation Of Greater Atlanta Inc Atlanta, GA | $335,156,066 | $46,977,032 |
Jewish Federation Of Palm Beach County Inc West Palm Beach, FL | $188,649,798 | $40,996,005 |
United Way Of Broward County Fort Lauderdale, FL | $30,254,563 | $21,112,252 |
Heart Of Florida United Way Orlando, FL | $52,280,258 | $21,120,938 |
United Way Suncoast Inc Tampa, FL | $59,673,502 | $17,914,764 |
United Jewish Community Of Broward County Inc Davie, FL | $191,632,658 | $32,289,120 |
Jewish Federation Of South Palm Beach County Inc Boca Raton, FL | $220,329,393 | $31,215,392 |
United Way Of Lee County Inc Fort Myers, FL | $10,857,756 | $16,905,483 |