Civic Intelligence

Abacus Credit Counseling

990 • Fiscal year 2014 • EIN 26-0678503

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 29, 2015

Organization ProfileWWW.ABACUSCC.ORG

View Organization Page

17337 Ventura BlvdEncino, CA 91316

(800) 516-3834

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

84th percentile

$255,914

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

81st percentile

17%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

61st percentile

8.1%

Faster revenue growth than 61% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$5,088,923

Up $743,625 (+17%) from 2013

Net Assets

Up

$5,034,670

Up $730,196 (+17%) from 2013

Liabilities

Up

$54,253

Up $13,429 (+33%) from 2013

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin74th percentile

Revenue

Up

$2,269,598

Up $170,200 (+8.1%) from 2013

Expenses

Down

$1,946,190

Down $115,352 (-5.6%) from 2013

Net Income

Up

$323,408

Up $285,552 (+754%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2014

Assets$5,088,923
Liabilities$54,253
Net Assets$5,034,670
Open 2014 Filing

Operations Trend

Revenue Growth61st percentile

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

2014

Revenue$2,269,598
Expenses$1,946,190
Net Income$323,408
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 29, 2015
Return Version
2014v5.0
Gross Receipts
$3,699,353
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$3,502,655$4,530,314▲ $1,027,659
Cash and Non-Interest-Bearing Accounts$820,553$540,629▼ $279,924
Land, Buildings, and Equipment, Net$15,293$11,704▼ $3,589
Accounts Receivable$1,395$1,395→ $0
Intangible Assets$521$0▼ $521
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$4,345,298$5,088,923▲ $743,625
Other Assets Total$4,881$4,881→ $0
Liabilities
Accounts Payable and Accrued Expenses$40,824$54,253▲ $13,429
Total Liabilities$40,824$54,253▲ $13,429
Net Assets / Fund Balance
Unrestricted Net Assets$4,304,474$5,034,670▲ $730,196
Total Net Assets Fund Balance$4,304,474$5,034,670▲ $730,196
Total Liabilities and Net Assets / Fund Balance$4,345,298$5,088,923▲ $743,625

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,729$16,427$24,156
Equipment$3,975$11,037$15,012
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura AhartCEOFT$240,650$15,264$255,914
Kristina L KetchelChief CounselFT$159,285$15,264$159,285

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
$2,013,164
Investment Income
$251,210
Other Revenue
$5,224
Change in Net Assets
$323,408

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,269,598
Revenue Not Reported on Form 990
$406,788
Total Revenue per Audited Statements
$2,676,386
Total Revenue per Form 990
$2,269,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,190,308
Other Expenses$755,882
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$506,892$126,723-$633,615
Advertising$421,727--$421,727
Current Officers, Directors, Trustees, and Key Employees$332,159$83,040-$415,199
Payroll Taxes$59,870$14,968-$74,838
Office Expenses$58,447$14,612-$73,059
Other Employee Benefits$53,325$13,331-$66,656
Other Expenses$32,836$7,226-$32,836
Fees for Service Investment Mgmnt Fees$30,339--$30,339
Occupancy$17,135$4,284-$21,419
All Other Expenses$8,944$1,965-$10,909
Insurance$8,022$2,005-$10,027
Conferences and Meetings$9,745--$9,745
Depreciation Depletion$4,545$1,136-$5,681
Total Functional Expenses$1,676,900$269,290$0$1,946,190

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,946,190
Total Expenses per Audited Statements$1,946,190
Total Expenses per Form 990$1,946,190
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

Filer Name
Abacus Credit Counseling
EIN
26-0678503
Phone
8005163834
Address
17337 VENTURA BLVD, ENCINO, CA 91316

Signing Officer

Name
Laura Ahart
Title
CEO
Signed
2015-06-29
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
30

Preparer

Firm
Kevin Lam CPA
Address
3182 Campus Drive 377, San Mateo, CA 94403
Preparer
Kevin Lam
Phone
6505711738
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IRS990/OtherAssetsTotalGrp/EOYAmt04881
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013331
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt053325
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066656
IRS990/OtherExpensesGrp/Desc0DONATION
IRS990/OtherExpensesGrp/Desc1PROCESSING FEE
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL
IRS990/OtherExpensesGrp/Desc3LICENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07226
IRS990/OtherExpensesGrp/ProgramServicesAmt060000
IRS990/OtherExpensesGrp/ProgramServicesAmt144008
IRS990/OtherExpensesGrp/ProgramServicesAmt228906
IRS990/OtherExpensesGrp/ProgramServicesAmt332836
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IRS990/OtherExpensesGrp/TotalAmt144008
IRS990/OtherExpensesGrp/TotalAmt236132
IRS990/OtherExpensesGrp/TotalAmt332836
IRS990/OtherRevenueMiscGrp/Desc0CARD FEE DISCOUNT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05224
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05224
IRS990/OtherRevenueTotalAmt05224
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0126723
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0506892
IRS990/OtherSalariesAndWagesGrp/TotalAmt0633615
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014968
IRS990/PayrollTaxesGrp/ProgramServicesAmt059870
IRS990/PayrollTaxesGrp/TotalAmt074838
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0CREDIT COUNSELING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02013164
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02013164
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/PYInvestmentIncomeAmt087066
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0668575
IRS990/PYOtherRevenueAmt01672
IRS990/PYProgramServiceRevenueAmt02010660
IRS990/PYRevenuesLessExpensesAmt037856
IRS990/PYSalariesCompEmpBnftPaidAmt01392967
IRS990/PYTotalExpensesAmt02061542
IRS990/PYTotalRevenueAmt02099398
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0323408
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02013164
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0164573
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0140520
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0119555
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt036407
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0461055
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02013164
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02010660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02796497
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03133771
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02071708
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012025800
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0164573
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0140520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0119555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt036407
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0461055
IRS990ScheduleA/InvestmentIncomeCYPct00.03690
IRS990ScheduleA/InvestmentIncomePYPct00.02800
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96310
IRS990ScheduleA/PublicSupportPY509Pct00.97200
IRS990ScheduleA/PublicSupportTotal509Amt012025800
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02013164
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02010660
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03133771
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02071708
IRS990ScheduleA/Total509Grp/TotalAmt012025800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02177737
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02151180
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02916052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03170178
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02071708
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012486855
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03975
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011037
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015012
IRS990ScheduleD/ExpensesSubtotalAmt01946190
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0406788
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07729
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016427
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024156
IRS990ScheduleD/RevenueNotReportedAmt0406788
IRS990ScheduleD/RevenueSubtotalAmt02269598
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011704
IRS990ScheduleD/TotalExpensesPerForm990Amt01946190
IRS990ScheduleD/TotalRevenuePerForm990Amt02269598
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02676386
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01946190
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
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1240650
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt015264
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KRISTINA L KETCHEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LAURA AHART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF COUNSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159285
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1255914
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,088,923
Liabilities
$54,253
Net assets
$5,034,670
Revenue
$2,269,598
Expenses
$1,946,190
Net income
$323,408
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