Civic Intelligence

Abacus Credit Counseling

990 • Fiscal year 2013 • EIN 26-0678503

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 16, 2014

Organization ProfileWWW.ABACUSCC.ORG

View Organization Page

17337 Ventura Blvd91316

(800) 516-3834

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

47th percentile

1.8%

Higher net margin than 47% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

93rd percentile

$249,802

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

70th percentile

9.8%

Faster asset growth than 70% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$4,345,298

Up $387,521 (+9.8%) from 2012

Net Assets

Up

$4,304,474

Up $348,615 (+8.8%) from 2012

Liabilities

Up

$40,824

Up $38,906 (+2028%) from 2012

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin47th percentile

Revenue

$2,099,398

No earlier filing loaded for comparison.

Expenses

Down

$2,061,542

Down $250,732 (-11%) from 2012

Net Income

$37,856

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,481,588Liabilities 2010: $13,227Net Assets 2010: $1,468,3612010Assets 2011: $3,124,321Liabilities 2011: $1,430Net Assets 2011: $3,122,8912011Assets 2012: $3,957,777Liabilities 2012: $1,918Net Assets 2012: $3,955,8592012Assets 2013: $4,345,298Liabilities 2013: $40,824Net Assets 2013: $4,304,4742013Assets 2014: $5,088,923Liabilities 2014: $54,253Net Assets 2014: $5,034,6702014Assets 2015: $4,887,411Liabilities 2015: $48,788Net Assets 2015: $4,838,6232015Assets 2016: $5,368,661Liabilities 2016: $50,449Net Assets 2016: $5,318,2122016Assets 2017: $6,162,535Liabilities 2017: $18,617Net Assets 2017: $6,143,9182017Assets 2018: $6,043,347Liabilities 2018: $79,130Net Assets 2018: $5,964,2172018Assets 2019: $6,791,952Liabilities 2019: $92,324Net Assets 2019: $6,699,6282019Assets 2020: $7,182,397Liabilities 2020: $77,828Net Assets 2020: $7,104,5692020Assets 2021: $7,151,653Liabilities 2021: $86,111Net Assets 2021: $7,065,5422021Assets 2022: $6,687,119Liabilities 2022: $70,469Net Assets 2022: $6,616,6502022Assets 2023: $7,365,257Liabilities 2023: $113,874Net Assets 2023: $7,251,3832023Assets 2024: $7,945,538Liabilities 2024: $113,096Net Assets 2024: $7,832,4422024

Highlighted filing

2013

Assets$4,345,298
Liabilities$40,824
Net Assets$4,304,474
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $716,1112010Expenses 2011: $1,486,8022011Expenses 2012: $2,312,2742012Revenue 2013: $2,099,398Expenses 2013: $2,061,542Net Income 2013: $37,8562013Revenue 2014: $2,269,598Expenses 2014: $1,946,190Net Income 2014: $323,4082014Revenue 2015: $2,228,989Expenses 2015: $1,924,881Net Income 2015: $304,1082015Revenue 2016: $2,199,480Expenses 2016: $2,069,516Net Income 2016: $129,9642016Revenue 2017: $2,420,788Expenses 2017: $2,111,559Net Income 2017: $309,2292017Revenue 2018: $2,582,535Expenses 2018: $2,038,983Net Income 2018: $543,5522018Revenue 2019: $2,353,501Expenses 2019: $2,105,889Net Income 2019: $247,6122019Revenue 2020: $2,077,678Expenses 2020: $2,265,504Net Income 2020: -$187,8262020Revenue 2021: $2,039,579Expenses 2021: $2,221,161Net Income 2021: -$181,5822021Revenue 2022: $2,591,697Expenses 2022: $2,088,384Net Income 2022: $503,3132022Revenue 2023: $2,780,220Expenses 2023: $2,061,982Net Income 2023: $718,2382023Revenue 2024: $2,409,694Expenses 2024: $2,233,514Net Income 2024: $176,1802024

Highlighted filing

2013

Revenue$2,099,398
Expenses$2,061,542
Net Income$37,856
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 16, 2014
Return Version
2013v3.1
Gross Receipts
$2,592,547
Mission and Program Overview

Mission

To teach and disseminate educational material to the public, including but not limited to, material relating to personal finance, financial planning, and consumer credit.

To provide and promote consumer education and counseling on topics related to finance and credit, including but not limited to, personal finance, budgeting, money management, financial options, bankruptcy, and the use of credit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,129,367$3,502,655▲ $373,288
Cash and Non-Interest-Bearing Accounts$794,819$820,553▲ $25,734
Land, Buildings, and Equipment, Net$22,229$15,293▼ $6,936
Accounts Receivable$7,575$1,395▼ $6,180
Intangible Assets$1,418$521▼ $897
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,957,777$4,345,298▲ $387,521
Other Assets Total$2,369$4,881▲ $2,512
Liabilities
Accounts Payable and Accrued Expenses$1,918$40,824▲ $38,906
Total Liabilities$1,918$40,824▲ $38,906
Net Assets / Fund Balance
Unrestricted Net Assets$3,955,859$4,304,474▲ $348,615
Total Net Assets Fund Balance$3,955,859$4,304,474▲ $348,615
Total Liabilities and Net Assets / Fund Balance$3,957,777$4,345,298▲ $387,521

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,801$13,355$24,156
Equipment$4,492$8,949$13,441
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura AhartCEOFT$235,882$16,620$249,802
Marisa HawkinsCOOFT$144,934$16,620$161,554
Kristina L KetchelChief CounselFT$154,781$13,920$154,781

Board Members and Trustees

NameTitle
Henkie BarronDirector
Julie WhitingDirector
Tom YuDirector
Matthew L AhartCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,010,660
Investment Income
$87,066
Other Revenue
$1,672
Change in Net Assets
$37,856

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,099,398
Revenue Not Reported on Form 990
$310,759
Total Revenue per Audited Statements
$2,410,157
Total Revenue per Form 990
$2,099,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,392,967
Other Expenses$668,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$656,526$164,132-$820,658
Current Officers, Directors, Trustees, and Key Employees$323,667$80,916-$404,583
Advertising$399,862--$399,862
Payroll Taxes$68,384$17,096-$85,480
Other Employee Benefits$65,797$16,449-$82,246
Office Expenses$47,701$11,925-$59,626
Occupancy$20,379$5,095-$25,474
Fees for Service Investment Mgmnt Fees$24,537--$24,537
Insurance$8,555$2,139-$10,694
Other Expenses$6,934$1,733-$8,667
Depreciation Depletion$6,510$1,627-$8,137
Conferences and Meetings$5,125--$5,125
All Other Expenses$447--$447
Total Functional Expenses$1,749,808$311,734$0$2,061,542

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,061,542
Total Expenses per Audited Statements$2,061,542
Total Expenses per Form 990$2,061,542
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Laura m. Ahart and matthew l. Ahart are married.laura m. Ahart and chief counsel kristina l. Ketchel are sisters.john frye, ex-director, is also the chief investment officer of an asset management firm that manages the organization's securities investment.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A copy of form 990 is emailed to all directors prior to being filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All board of directors have signed a conflict of interest policy and are bound to disclose and discuss any potential conflict that may arise.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“An independent compensation consultant was engaged to review and recommend compensation for the ceo and other officers, using comparability data for the position and industry. This information was presented to the board of directors, who fixed appropriate compensation figures based on this information.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Abacus credit counseling makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
26-0678503
Phone
8005163834

Signing Officer

Name
Laura Ahart
Title
CEO
Signed
2014-06-16
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
29

Preparer

Preparer
Kevin Lam
Phone
6505711738
Raw XML AppendixShowing 400 of 474 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01918
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt040824
IRS990/AccountsReceivableGrp/BOYAmt07575
IRS990/AccountsReceivableGrp/EOYAmt01395
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE AND PROMOTE CONSUMER EDUCATION AND COUNSELING ON TOPICS RELATED TO FINANCE AND CREDIT, INCLUDING BUT NOT LIMITED TO, PERSONAL FINANCE, BUDGETING, MONEY MANAGEMENT, FINANCIAL OPTIONS, BANKRUPTCY, AND THE USE OF CREDIT.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt0399862
IRS990/AdvertisingGrp/TotalAmt0399862
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0447
IRS990/AllOtherExpensesGrp/TotalAmt0447
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0LAURA AHART
IRS990/BooksInCareOfDetail/PhoneNum08005163834
IRS990/BooksInCareOfDetail/USAddress/AddressLine1017337 VENTURA BLVD STE 226
IRS990/BooksInCareOfDetail/USAddress/City0ENCINO
IRS990/BooksInCareOfDetail/USAddress/State0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode091316
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0794819
IRS990/CashNonInterestBearingGrp/EOYAmt0820553
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt080916
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0323667
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0404583
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt05125
IRS990/ConferencesMeetingsGrp/TotalAmt05125
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt087066
IRS990/CYOtherExpensesAmt0668575
IRS990/CYOtherRevenueAmt01672
IRS990/CYProgramServiceRevenueAmt02010660
IRS990/CYRevenuesLessExpensesAmt037856
IRS990/CYSalariesCompEmpBnftPaidAmt01392967
IRS990/CYTotalExpensesAmt02061542
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02099398
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01627
IRS990/DepreciationDepletionGrp/ProgramServicesAmt06510
IRS990/DepreciationDepletionGrp/TotalAmt08137
IRS990/Desc0ABACUS CREDIT COUNSELING ProvideD credit counseling to MORE THAN 100,000 individuals IN 2010, WITHOUT REGARD TO THEIR ABILITY TO PAY. ITS COUNSELING PROGRAM EDUCATES INDIVIDUALS ON FINANCIAL TOPICS SUCH AS BUDGETING, MONEY MANAGEMENT, BANKRUPTCY AND OTHER FINANCIAL PROBLEMS. MANY OF THESE INDVIDUALS COMPLETED ABACUS' CREDIT COUNSELING COURSE AND RECEIVED A CERTIFICATE OF COMPLETION THAT MAY BE FILED AS PART OF A BANKRUPTCY CASE TO DEMONSTRATE THAT THE INDIVIDUAL FULFILLED THE COUNSELING REQUIREMENT SET FORTH IN CHAPTER 11 USC SECTION 109(H).
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt029
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/ExpenseAmt01749808
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt024537
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt024537
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt410.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt313920
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt616620
IRS990/Form990PartVIISectionAGrp/PersonNm0HENKIE BARRON
IRS990/Form990PartVIISectionAGrp/PersonNm1JULIE WHITING
IRS990/Form990PartVIISectionAGrp/PersonNm2TOM YU
IRS990/Form990PartVIISectionAGrp/PersonNm3LAURA AHART
IRS990/Form990PartVIISectionAGrp/PersonNm4MATTHEW L AHART
IRS990/Form990PartVIISectionAGrp/PersonNm5KRISTINA L KETCHEL
IRS990/Form990PartVIISectionAGrp/PersonNm6MARISA HAWKINS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3235882
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5154781
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6144934
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt6COO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-53454
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0439695
IRS990/GrossReceiptsAmt02592547
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02139
IRS990/InsuranceGrp/ProgramServicesAmt08555
IRS990/InsuranceGrp/TotalAmt010694
IRS990/IntangibleAssetsGrp/BOYAmt01418
IRS990/IntangibleAssetsGrp/EOYAmt0521
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0140520
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0140520
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03129367
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03502655
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022304
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022229
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015293
IRS990/LandBldgEquipCostOrOtherBssAmt037597
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0493149
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO TEACH AND DISSEMINATE EDUCATIONAL MATERIAL TO THE PUBLIC, INCLUDING BUT NOT LIMITED TO, MATERIAL RELATING TO PERSONAL FINANCE, FINANCIAL PLANNING, AND CONSUMER CREDIT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03955859
IRS990/NetAssetsOrFundBalancesEOYAmt04304474
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-53454
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-53454
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0310759
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05095
IRS990/OccupancyGrp/ProgramServicesAmt020379
IRS990/OccupancyGrp/TotalAmt025474
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011925
IRS990/OfficeExpensesGrp/ProgramServicesAmt047701
IRS990/OfficeExpensesGrp/TotalAmt059626
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02369
IRS990/OtherAssetsTotalGrp/EOYAmt04881
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016449
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt065797
IRS990/OtherEmployeeBenefitsGrp/TotalAmt082246
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL
IRS990/OtherExpensesGrp/Desc1PROCESSING FEE
IRS990/OtherExpensesGrp/Desc2LICENSE
IRS990/OtherExpensesGrp/Desc3TELECOMMUNICATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010622
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11733
IRS990/OtherExpensesGrp/ProgramServicesAmt042486
IRS990/OtherExpensesGrp/ProgramServicesAmt149911
IRS990/OtherExpensesGrp/ProgramServicesAmt222987
IRS990/OtherExpensesGrp/ProgramServicesAmt36934
IRS990/OtherExpensesGrp/TotalAmt053108
IRS990/OtherExpensesGrp/TotalAmt149911
IRS990/OtherExpensesGrp/TotalAmt222987
IRS990/OtherExpensesGrp/TotalAmt38667
IRS990/OtherRevenueMiscGrp/Desc0CARD FEE DISCOUNT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01672
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01672
IRS990/OtherRevenueTotalAmt01672
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0164132
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0656526
IRS990/OtherSalariesAndWagesGrp/TotalAmt0820658
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017096
IRS990/PayrollTaxesGrp/ProgramServicesAmt068384
IRS990/PayrollTaxesGrp/TotalAmt085480
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0CREDIT COUNSELING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02010660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02010660
IRS990/ProgSrvcAccomActy2Grp/Desc0ABACUS SUPPORTS THE EFFORTS OF OTHER 501(C)(3) NON-PROFIT ORGANIZATIONS THROUGH DONATIONS APPROVED BY THE BOARD OF DIRECTORS. ABACUS SEEKS TO BENEFIT ORGANIZATIONS THAT ASSIST ABACUS' TARGET POPULATION AND/OR FURTHER A MISSION THAT IS COMPLIMENTARY TO ABACUS'S MISSION.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0133288
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0882587
IRS990/PYOtherRevenueAmt030
IRS990/PYProgramServiceRevenueAmt02796497
IRS990/PYRevenuesLessExpensesAmt0617541
IRS990/PYSalariesCompEmpBnftPaidAmt01429687
IRS990/PYTotalExpensesAmt02312274
IRS990/PYTotalRevenueAmt02929815
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt037856
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02010660
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0140520
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0119555
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt036407
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0296482
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02010660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02796497
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03133771
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02071708
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0264640
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt010277276
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0140520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0119555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt036407
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0296482
IRS990ScheduleA/InvestmentIncomeCYPct00.02800
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97200
IRS990ScheduleA/PublicSupportTotal509Amt010277276
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02010660
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02796497
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03133771
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02071708
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0264640
IRS990ScheduleA/Total509Grp/TotalAmt010277276
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02151180
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02916052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03170178
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02071708
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0264640
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010573758
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt04492
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08949
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013441
IRS990ScheduleD/ExpensesSubtotalAmt02061542
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0310759
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010801
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013355
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024156
IRS990ScheduleD/RevenueNotReportedAmt0310759
IRS990ScheduleD/RevenueSubtotalAmt02099398
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015293
IRS990ScheduleD/TotalExpensesPerForm990Amt02061542
IRS990ScheduleD/TotalRevenuePerForm990Amt02099398
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02410157
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02061542
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154781
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1235882
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2144934
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt116620
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KRISTINA L KETCHEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LAURA AHART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MARISA HAWKINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF COUNSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0154781
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1249802
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2161554
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAURA M. AHART AND MATTHEW L. AHART ARE MARRIED.LAURA M. AHART AND CHIEF COUNSEL KRISTINA L. KETCHEL ARE SISTERS.JOHN FRYE, EX-DIRECTOR, IS ALSO THE CHIEF INVESTMENT OFFICER OF AN ASSET MANAGEMENT FIRM THAT MANAGES THE ORGANIZATION'S SECURITIES INVESTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS EMAILED TO ALL DIRECTORS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD OF DIRECTORS HAVE SIGNED A CONFLICT OF INTEREST POLICY AND ARE BOUND TO DISCLOSE AND DISCUSS ANY POTENTIAL CONFLICT THAT MAY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN INDEPENDENT COMPENSATION CONSULTANT WAS ENGAGED TO REVIEW AND RECOMMEND COMPENSATION FOR THE CEO AND OTHER OFFICERS, USING COMPARABILITY DATA FOR THE POSITION AND INDUSTRY. THIS INFORMATION WAS PRESENTED TO THE BOARD OF DIRECTORS, WHO FIXED APPROPRIATE COMPENSATION FIGURES BASED ON THIS INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ABACUS CREDIT COUNSELING MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,345,298
Liabilities
$40,824
Net assets
$4,304,474
Revenue
$2,099,398
Expenses
$2,061,542
Net income
$37,856
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.95$0.11$7.83$2.41$2.23$0.18
2023Detailed filing. Detailed filing data is available for this year.$7.37$0.11$7.25$2.78$2.06$0.72
2022Detailed filing. Detailed filing data is available for this year.$6.69$0.07$6.62$2.59$2.09$0.50
2021Detailed filing. Detailed filing data is available for this year.$7.15$0.09$7.07$2.04$2.22$0.18
2020Detailed filing. Detailed filing data is available for this year.$7.18$0.08$7.10$2.08$2.27$0.19
2019Detailed filing. Detailed filing data is available for this year.$6.79$0.09$6.70$2.35$2.11$0.25
2018Detailed filing. Detailed filing data is available for this year.$6.04$0.08$5.96$2.58$2.04$0.54
2017Detailed filing. Detailed filing data is available for this year.$6.16$0.02$6.14$2.42$2.11$0.31
2016Detailed filing. Detailed filing data is available for this year.$5.37$0.05$5.32$2.20$2.07$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.89$0.05$4.84$2.23$1.92$0.30
2014Detailed filing. Detailed filing data is available for this year.$5.09$0.05$5.03$2.27$1.95$0.32
2013Detailed filing. Detailed filing data is available for this year.$4.35$0.04$4.30$2.10$2.06$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$0.00$3.96$2.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.00$3.12$1.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.01$1.47$0.72