Civic Intelligence

Consumer Financial Education Foundation of America Inc

990 • Fiscal year 2017 • EIN 20-3424094

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 26, 2018

3425 5th Avenue SouthBirmingham, AL 35222-2312

(205) 321-2822

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

4.65x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

0.38x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

39th percentile

-0.6%

Higher net margin than 39% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$94,990

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

31st percentile

-8.1%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

42nd percentile

-3.8%

Faster revenue growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$40,911

Down $3,591 (-8.1%) from 2016

Net Assets

Down

-$149,508

Down $2,906 (-2.0%) from 2016

Liabilities

Down

$190,419

Down $685 (-0.4%) from 2016

Revenue

Down

$497,687

Down $19,755 (-3.8%) from 2016

Expenses

Down

$500,593

Down $15,211 (-2.9%) from 2016

Net Income

Down

-$2,906

Down $4,544 (-277%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200K-$400KAssets 2010: $238,840Liabilities 2010: $150,196Net Assets 2010: $88,6442010Assets 2011: $107,507Liabilities 2011: $230,204Net Assets 2011: -$122,6972011Assets 2012: $87,415Liabilities 2012: $297,107Net Assets 2012: -$209,6922012Assets 2013: $64,449Liabilities 2013: $313,206Net Assets 2013: -$248,7572013Assets 2014: $36,520Liabilities 2014: $274,412Net Assets 2014: -$237,8922014Assets 2015: $68,181Liabilities 2015: $216,421Net Assets 2015: -$148,2402015Assets 2016: $44,502Liabilities 2016: $191,104Net Assets 2016: -$146,6022016Assets 2017: $40,911Liabilities 2017: $190,419Net Assets 2017: -$149,5082017Assets 2018: $35,015Liabilities 2018: $196,269Net Assets 2018: -$161,2542018Assets 2019: $32,410Liabilities 2019: $199,955Net Assets 2019: -$167,5452019Assets 2020: $29,138Liabilities 2020: $282,938Net Assets 2020: -$253,8002020Assets 2021: $77,557Liabilities 2021: $233,670Net Assets 2021: -$156,1132021Assets 2022: $25,717Liabilities 2022: $277,399Net Assets 2022: -$251,6822022Assets 2023: $136,054Liabilities 2023: $338,859Net Assets 2023: -$202,8052023Assets 2024: $39,872Liabilities 2024: $251,020Net Assets 2024: -$211,1482024

Highlighted filing

2017

Assets$40,911
Liabilities$190,419
Net Assets-$149,508

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,824,3542010Expenses 2011: $1,407,4782011Expenses 2012: $982,1082012Revenue 2013: $763,721Expenses 2013: $802,786Net Income 2013: -$39,0652013Revenue 2014: $600,044Expenses 2014: $589,179Net Income 2014: $10,8652014Revenue 2015: $559,073Expenses 2015: $469,421Net Income 2015: $89,6522015Revenue 2016: $517,442Expenses 2016: $515,804Net Income 2016: $1,6382016Revenue 2017: $497,687Expenses 2017: $500,593Net Income 2017: -$2,9062017Revenue 2018: $488,290Expenses 2018: $500,036Net Income 2018: -$11,7462018Revenue 2019: $469,220Expenses 2019: $475,511Net Income 2019: -$6,2912019Revenue 2020: $374,802Expenses 2020: $461,057Net Income 2020: -$86,2552020Revenue 2021: $391,699Expenses 2021: $294,012Net Income 2021: $97,6872021Revenue 2022: $256,885Expenses 2022: $352,454Net Income 2022: -$95,5692022Revenue 2023: $363,708Expenses 2023: $313,726Net Income 2023: $49,9822023Revenue 2024: $337,500Expenses 2024: $344,658Net Income 2024: -$7,1582024

Highlighted filing

2017

Revenue$497,687
Expenses$500,593
Net Income-$2,906
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 26, 2018
Return Version
2017v2.3
Gross Receipts
$497,687
Mission and Program Overview

Mission

To provide financial management education and training, including counseling on responsible use of credit, availability of credit counseling, and assist in budgetary analysis, to financially troubled individuals and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$129,520$131,311▲ $1,791
Accounts Receivable$24,605$24,760▲ $155
Cash and Non-Interest-Bearing Accounts$7,365$5,814▼ $1,551
Savings and Temporary Cash Investments$1,643--
Land, Buildings, and Equipment, Net$522$1,431▲ $909
Total Assets$44,502$40,911▼ $3,591
Other Assets Total$10,367$8,906▼ $1,461
Liabilities
Accounts Payable and Accrued Expenses$61,584$59,108▼ $2,476
Total Liabilities$191,104$190,419▼ $685
Net Assets / Fund Balance
Unrestricted Net Assets$-146,602$-149,508▼ $2,906
Total Net Assets Fund Balance$-146,602$-149,508▼ $2,906
Total Liabilities and Net Assets / Fund Balance$44,502$40,911▼ $3,591

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,431$97,025$98,456
Other Assets Org$874--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard MaukPresidentFT$94,990$94,990
Scott WhyrickMember,VP,seFT$76,101$76,101

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$497,686
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-2,906
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$340,317
Other Expenses$160,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$85,546$85,545-$171,091
Other Salaries and Wages$115,291--$115,291
Occupancy$37,712$9,428-$47,140
Other Employee Benefits$18,800$9,439-$28,239
Payroll Taxes$18,020$7,676-$25,696
All Other Expenses$8,422$3,227-$11,649
Other Expenses$8,942$994-$9,936
Office Expenses$6,905$767-$7,672
Fees for Services Accounting-$5,810-$5,810
Interest-$3,974-$3,974
Conferences and Meetings$1,671$1,509-$3,180
Information Technology$1,962$218-$2,180
Insurance$1,817$202-$2,019
Depreciation Depletion$571$64-$635
Advertising$225$25-$250
Travel$15$45-$60
Fees for Services Legal-$55-$55
Total Functional Expenses$366,900$133,693$0$500,593
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Richard MaukPresidentLoans for BusinessNo$1,791

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$129,520$131,311▲ $1,791
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization provides a copy of the return to each board member via email, which they can review individually. If they have any questions, they contact the president of the organization for resolution.

Form 990, Page 6, Part VI, Line 12C

The organization monitors the policy by questionnaire.

Form 990, Page 6, Part VI, Line 15A

The board members review comparables of other not for profit officers before determining the salary of the president.

Form 990, Page 6, Part VI, Line 15B

The board members review comparables of other not for profit officers before determining the salary of the other officers.

Form 990, Page 6, Part VI, Line 19

The organization files the forms with the department of justice's executive office of the u.s. Trustees and upon request.

Filing and Contact Details

Filer

Filer Name
Consumer Financial Education
EIN
20-3424094
Phone
2053212822
Address
3425 5TH AVENUE SOUTH, BIRMINGHAM, AL 35222-2312

Signing Officer

Name
Richard Mauk
Title
President
Phone
2053212822
Signed
2018-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Mauk
Formed
2005
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
5
Employees
7

Preparer

Firm
Christian & Denaburg Pc
Address
2649 ROCKY RIDGE LANE, BIRMINGHAM, AL 35216
Preparer
Edmond R Denaburg
Phone
2059678901
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide financial management education and training, including counseling on responsible use of credit, availability of credit counseling, and assist in budgetary analysis, to financially troubled individuals and families.

Financial Statement Notes

Schedule D, Page 3, Part X

Part x- fin 48 footnote in june 2006, the financial accounting standard board (fasb) issued fin 48, "accounting for uncertainty in income taxes," an interpretation of fasb statement no. 109, that clarifies the accounting and recognition for income tax positions taken or expected to be taken in the foundation's income tax returns. Fin 48 was incorporated in the fasb codification as asc 740-10. The foundation adopted the standard as of january 1, 2009. The foundation has evaluated its tax positions and interpretations, and believes its positions are appropriate based on current facts and circumstances.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0602355
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0763721
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12716
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21025
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3874
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAID EXPENSE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2EMPLOYEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PREPAID INSURANCE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X- FIN 48 FOOTNOTE IN JUNE 2006, THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ISSUED FIN 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," AN INTERPRETATION OF FASB STATEMENT NO. 109, THAT CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE FOUNDATION'S INCOME TAX RETURNS. FIN 48 WAS INCORPORATED IN THE FASB CODIFICATION AS ASC 740-10. THE FOUNDATION ADOPTED THE STANDARD AS OF JANUARY 1, 2009. THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS AND INTERPRETATIONS, AND BELIEVES ITS POSITIONS ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt08906
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0RICHARD MAUK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01791
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LOANS FOR BUSINESS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt070160
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt161151
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FUNDS USED TO START THE BUSINESS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1FUNDS USED FOR BUSINESS OPERATIONS
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1RICHARD MAUK
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: (A) NAME OF PERSON: RICHARD MAUK (A) PURPOSE OF LOAN: FUNDS USED TO START THE BUSINESS; FUNDS NEEDED FOR OPERATIONS
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt0131311
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE FINANCIAL MANAGEMENT EDUCATION AND TRAINING, INCLUDING COUNSELING ON RESPONSIBLE USE OF CREDIT, AVAILABILITY OF CREDIT COUNSELING, AND ASSIST IN BUDGETARY ANALYSIS, TO FINANCIALLY TROUBLED INDIVIDUALS AND FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES A COPY OF THE RETURN TO EACH BOARD MEMBER VIA EMAIL, WHICH THEY CAN REVIEW INDIVIDUALLY. IF THEY HAVE ANY QUESTIONS, THEY CONTACT THE PRESIDENT OF THE ORGANIZATION FOR RESOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS THE POLICY BY QUESTIONNAIRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD MEMBERS REVIEW COMPARABLES OF OTHER NOT FOR PROFIT OFFICERS BEFORE DETERMINING THE SALARY OF THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD MEMBERS REVIEW COMPARABLES OF OTHER NOT FOR PROFIT OFFICERS BEFORE DETERMINING THE SALARY OF THE OTHER OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION FILES THE FORMS WITH THE DEPARTMENT OF JUSTICE'S EXECUTIVE OFFICE OF THE U.S. TRUSTEES AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0366900
IRS990/TotalFunctionalExpensesGrp/TotalAmt0500593
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0191104
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-149508
IRS990/TotalProgramServiceExpensesAmt0366900
IRS990/TotalProgramServiceRevenueAmt0497686
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-146602
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.CFEFA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD MAUK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02053212822
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONSUMER FINANCIAL EDUCATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION OF AMERICA INC
ReturnHeader/Filer/BusinessNameControlTxt0CONS
ReturnHeader/Filer/EIN0203424094
ReturnHeader/Filer/PhoneNum02053212822
ReturnHeader/Filer/USAddress/AddressLine1Txt03425 5TH AVENUE SOUTH
ReturnHeader/Filer/USAddress/CityNm0BIRMINGHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd0352222312
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A4505A3DA12A8BCABC5A6CD1CDAAB8E60A71D603
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A4505A3DA12A8BCABC5A6CD1CDAAB8E60A71D603
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.8.33.194
ReturnHeader/FilingSecurityInformation/IPDt02018-07-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:28:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630942838
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTIAN & DENABURG PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02649 ROCKY RIDGE LANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.04$0.25$0.21$0.34$0.34$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.14$0.34$0.20$0.36$0.31$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.03$0.28$0.25$0.26$0.35$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.08$0.23$0.16$0.39$0.29$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.28$0.25$0.37$0.46$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.20$0.17$0.47$0.48$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.20$0.16$0.49$0.50$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.19$0.15$0.50$0.50$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.19$0.15$0.52$0.52$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.22$0.15$0.56$0.47$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.27$0.24$0.60$0.59$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.06$0.31$0.25$0.76$0.80$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.30$0.21$0.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.23$0.12$1.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.15$0.09$1.82