Credit Abuse Resistance Education
- Assets
- $185.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Alexandria, VA
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 81-0788458
Organization Overview
Credit Abuse Resistance Education is located in Alexandria, VA. The organization was established in 2016. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Abuse Resistance Education 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, Credit Abuse Resistance Education generated $163.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.3%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CARE IS A FREE FINANCIAL LITERACY INITIATIVE THAT MAKES EXPERIENCED MEMBERS OF THE BANKRUPTCY AND BUSINESS COMMUNITY AVAILABLE TO MAKE PRESENTATIONS ON BASIC FINANCIAL MANAGEMENT SKILLS TO HIGH SCHOOLS, COLLEGES AND OTHER GROUPS. THEY ARE MADE DURING INDIVIDUAL CLASSROOM PERIODS OR TO LARGER STUDENT GROUPS SUCH AS STUDENT ASSEMBLIES, EITHER IN PERSON OR VIRTUALLY. CARE'S PRIMARY TARGET IS HIGH SCHOOL SENIORS AND COLLEGE FRESHMAN THAT ARE MOST AT RISK BECAUSE THEY ARE DRIVEN BY HIGH COLLEGE COSTS TO INCUR UNSUSTAINABLE STUDENT LOAN DEBT AND MARKETED BY THE CREDIT CARD INDUSTRY AT A TIME WHEN THEY CARRY A VERY LOW FINANCIAL I.Q. CARE ALSO WORKS TO DEVELOP EDUCATIONAL MATERIALS ABOUT FINANCIAL LITERACY TO BE DISTRIBUTED TO THE PUBLIC, AS WELL AS DEVELOPING AND PROVIDING FINANCIAL LITERACY EDUCATION THROUGH ITS WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Fisher Chair | 3 | $0 | |
Ted King Treasurer | 3 | $0 | |
Patrick Clisham Secretary | 3 | $0 | |
William Barrett Board Member | 1 | $0 | |
Paula Beran Board Member | 1 | $0 | |
David Bird Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,788 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $163,806 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $154,305 |
| Professional fees and other payments to independent contractors | $78,022 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $427 |
| Other expenses | $57,805 |
| Total expenses | $290,559 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $184,020 |
| Other assets | $0 |
| Total assets | $185,695 |
| Total liabilities | $17,029 |
| Net assets or fund balances | $168,666 |