Civic Intelligence

Abacus Credit Counseling

990 • Fiscal year 2018 • EIN 26-0678503

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 16, 2019

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

19th percentile

0.01x

Higher debt load relative to assets than 19% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

18th percentile

0.03x

Higher debt load relative to revenue than 18% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

85th percentile

$259,236

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

34th percentile

-1.9%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

58th percentile

6.7%

Faster revenue growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$6,043,347

Down $119,188 (-1.9%) from 2017

Net Assets

Down

$5,964,217

Down $179,701 (-2.9%) from 2017

Liabilities

Up

$79,130

Up $60,513 (+325%) from 2017

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin78th percentile

Revenue

Up

$2,582,535

Up $161,747 (+6.7%) from 2017

Expenses

Down

$2,038,983

Down $72,576 (-3.4%) from 2017

Net Income

Up

$543,552

Up $234,323 (+76%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2018

Assets$6,043,347
Liabilities$79,130
Net Assets$5,964,217
Open 2018 Filing

Operations Trend

Revenue Growth58th 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

2018

Revenue$2,582,535
Expenses$2,038,983
Net Income$543,552
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 16, 2019
Return Version
2018v3.1
Gross Receipts
$7,121,123
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$5,511,149$5,805,304▲ $294,155
Cash and Non-Interest-Bearing Accounts$641,573$214,808▼ $426,765
Prepaid Expenses and Deferred Charges-$11,376-
Land, Buildings, and Equipment, Net$8,418$8,459▲ $41
Accounts Receivable$1,395$3,400▲ $2,005
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,162,535$6,043,347▼ $119,188
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$18,617$79,130▲ $60,513
Total Liabilities$18,617$79,130▲ $60,513
Net Assets / Fund Balance
Unrestricted Net Assets$6,143,918$5,964,217▼ $179,701
Total Net Assets Fund Balance$6,143,918$5,964,217▼ $179,701
Total Liabilities and Net Assets / Fund Balance$6,162,535$6,043,347▼ $119,188

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,628$26,894$33,522
Equipment$1,831$15,734$17,565
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura AhartCEOFT$240,840$18,396$259,236
Kristina L KetchelChief CounselFT$186,105$18,396$186,105

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,168,240
Investment Income
$407,144
Other Revenue
$7,151
Change in Net Assets
$543,552

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,582,535
Revenue Not Reported on Form 990
$-723,253
Total Revenue per Audited Statements
$1,859,282
Total Revenue per Form 990
$2,582,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,366,720
Other Expenses$672,263
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$600,378$150,095-$750,473
Current Officers, Directors, Trustees, and Key Employees$356,273$89,068-$445,341
Advertising$394,397--$394,397
Other Employee Benefits$69,540$17,385-$86,925
Payroll Taxes$67,185$16,796-$83,981
Office Expenses$35,872$8,968-$44,840
Fees for Service Investment Mgmnt Fees$33,418--$33,418
Other Expenses$22,192$5,548-$27,740
All Other Expenses$17,916--$17,916
Occupancy$14,271$3,568-$17,839
Conferences and Meetings$6,928--$6,928
Insurance$3,027$757-$3,784
Depreciation Depletion$2,490$622-$3,112
Interest$358$90-$448
Total Functional Expenses$1,737,231$301,752$0$2,038,983

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,038,983
Total Expenses per Audited Statements$2,038,983
Total Expenses per Form 990$2,038,983
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
Yes
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 until the end of 2018.”

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
2019-09-16
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
37

Preparer

Firm
Kevin Lam CPA
Address
3182 Campus Drive 377, San Mateo, CA 94403
Preparer
Kevin Lam
Phone
6505711738
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IRS990/NetUnrlzdGainsLossesInvstAmt0-723253
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03568
IRS990/OccupancyGrp/ProgramServicesAmt014271
IRS990/OccupancyGrp/TotalAmt017839
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08968
IRS990/OfficeExpensesGrp/ProgramServicesAmt035872
IRS990/OfficeExpensesGrp/TotalAmt044840
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017385
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt069540
IRS990/OtherEmployeeBenefitsGrp/TotalAmt086925
IRS990/OtherExpensesGrp/Desc0PROCESSING FEE
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL
IRS990/OtherExpensesGrp/Desc2DONATION
IRS990/OtherExpensesGrp/Desc3TELECOMMUNICATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08855
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15548
IRS990/OtherExpensesGrp/ProgramServicesAmt047567
IRS990/OtherExpensesGrp/ProgramServicesAmt135419
IRS990/OtherExpensesGrp/ProgramServicesAmt230000
IRS990/OtherExpensesGrp/ProgramServicesAmt322192
IRS990/OtherExpensesGrp/TotalAmt047567
IRS990/OtherExpensesGrp/TotalAmt144274
IRS990/OtherExpensesGrp/TotalAmt230000
IRS990/OtherExpensesGrp/TotalAmt327740
IRS990/OtherRevenueMiscGrp/Desc0CARD FEE DISCOUNT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07151
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07151
IRS990/OtherRevenueTotalAmt07151
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0150095
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0600378
IRS990/OtherSalariesAndWagesGrp/TotalAmt0750473
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016796
IRS990/PayrollTaxesGrp/ProgramServicesAmt067185
IRS990/PayrollTaxesGrp/TotalAmt083981
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011376
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0CREDIT COUNSELING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02168240
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02168240
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/ProgSrvcAccomActy2Grp/ExpenseAmt030000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0281134
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0807310
IRS990/PYOtherRevenueAmt03217
IRS990/PYProgramServiceRevenueAmt02136437
IRS990/PYRevenuesLessExpensesAmt0309229
IRS990/PYSalariesCompEmpBnftPaidAmt01304249
IRS990/PYTotalExpensesAmt02111559
IRS990/PYTotalRevenueAmt02420788
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0543552
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02168240
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0243775
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0211297
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0174353
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0182220
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0164573
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0976218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02168240
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02136437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02140552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01837935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02013164
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt010296328
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0243775
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0211297
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0174353
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0182220
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0164573
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0976218
IRS990ScheduleA/InvestmentIncomeCYPct00.08660
IRS990ScheduleA/InvestmentIncomePYPct00.07930
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91340
IRS990ScheduleA/PublicSupportPY509Pct00.92070
IRS990ScheduleA/PublicSupportTotal509Amt010296328
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02168240
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02136437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02140552
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01837935
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02013164
IRS990ScheduleA/Total509Grp/TotalAmt010296328
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02412015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02347734
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02314905
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02020155
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02177737
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011272546
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01831
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015734
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017565
IRS990ScheduleD/ExpensesSubtotalAmt02038983
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-723253
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06628
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026894
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033522
IRS990ScheduleD/RevenueNotReportedAmt0-723253
IRS990ScheduleD/RevenueSubtotalAmt02582535
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08459
IRS990ScheduleD/TotalExpensesPerForm990Amt02038983
IRS990ScheduleD/TotalRevenuePerForm990Amt02582535
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01859282
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02038983
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/BaseCompensationFilingOrgAmt0186105
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1240840
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018396
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KRISTINA L KETCHEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LAURA AHART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF COUNSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0186105
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1259236
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 UNTIL THE END OF 2018.
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

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,043,347
Liabilities
$79,130
Net assets
$5,964,217
Revenue
$2,582,535
Expenses
$2,038,983
Net income
$543,552
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