Civic Intelligence

Abacus Credit Counseling

990 • Fiscal year 2020 • EIN 26-0678503

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 14, 2021

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

18th percentile

0.01x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

18th percentile

0.04x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

21st percentile

-9.0%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$259,545

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

49th percentile

5.7%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

27th percentile

-12%

Faster revenue growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$7,182,397

Up $390,445 (+5.7%) from 2019

Net Assets

Up

$7,104,569

Up $404,941 (+6.0%) from 2019

Liabilities

Down

$77,828

Down $14,496 (-16%) from 2019

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin21st percentile

Revenue

Down

$2,077,678

Down $275,823 (-12%) from 2019

Expenses

Up

$2,265,504

Up $159,615 (+7.6%) from 2019

Net Income

Down

-$187,826

Down $435,438 (-176%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth49th 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

2020

Assets$7,182,397
Liabilities$77,828
Net Assets$7,104,569
Open 2020 Filing

Operations Trend

Revenue Growth27th 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

2020

Revenue$2,077,678
Expenses$2,265,504
Net Income-$187,826
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 14, 2021
Return Version
2020v4.0
Gross Receipts
$3,396,327
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$6,457,980$6,580,218▲ $122,238
Intangible Assets-$460,042-
Cash and Non-Interest-Bearing Accounts$317,561$123,120▼ $194,441
Prepaid Expenses and Deferred Charges$9,509$9,686▲ $177
Land, Buildings, and Equipment, Net$6,902$6,898▼ $4
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Total Assets$6,791,952$7,182,397▲ $390,445
Other Assets Total-$2,433-
Liabilities
Accounts Payable and Accrued Expenses$92,324$77,828▼ $14,496
Total Liabilities$92,324$77,828▼ $14,496
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,699,628$7,104,569▲ $404,941
Total Net Assets Fund Balance$6,699,628$7,104,569▲ $404,941
Total Liabilities and Net Assets / Fund Balance$6,791,952$7,182,397▲ $390,445

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,019$30,274$34,293
Equipment$2,879$17,630$20,509
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura AhartCEOFT$236,164$23,381$259,545
Kristina L KetchelChief CounselFT$196,994$23,381$196,994

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,934,097
Investment Income
$137,568
Other Revenue
$6,013
Change in Net Assets
$-187,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,077,678
Revenue Not Reported on Form 990
$590,335
Total Revenue per Audited Statements
$2,668,013
Total Revenue per Form 990
$2,077,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,487,027
Other Expenses$778,477
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$513,803$364,758-$878,561
Current Officers, Directors, Trustees, and Key Employees$365,231$91,308-$456,539
Advertising$373,990--$373,990
Other Employee Benefits$96,280$55,647-$151,927
Depreciation Depletion$103,275$2,518-$105,793
Office Expenses-$50,796-$50,796
Fees for Service Investment Mgmnt Fees-$42,349-$42,349
Other Expenses$30,000$27,073-$27,073
Occupancy-$17,008-$17,008
Insurance-$12,543-$12,543
Conferences and Meetings-$10,166-$10,166
All Other Expenses$5,746$145-$5,891
Total Functional Expenses$1,537,208$728,296$0$2,265,504

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,265,504
Total Expenses per Audited Statements$2,265,504
Total Expenses per Form 990$2,265,504
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 35% controlled entity
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.”

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
2021-07-14
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
36

Preparer

Firm
Morris & Associates Llp
Address
2200 POWELL ST STE 990, EMERYVILLE, CA 94608
Preparer
Kevin Lam
Phone
6505711738
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127073
IRS990/OtherExpensesGrp/ProgramServicesAmt048883
IRS990/OtherExpensesGrp/ProgramServicesAmt130000
IRS990/OtherExpensesGrp/TotalAmt053985
IRS990/OtherExpensesGrp/TotalAmt148883
IRS990/OtherExpensesGrp/TotalAmt230000
IRS990/OtherExpensesGrp/TotalAmt327073
IRS990/OtherRevenueMiscGrp/Desc0CARD FEE DISCOUNT
IRS990/OtherRevenueMiscGrp/ExclusionAmt06013
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06013
IRS990/OtherRevenueTotalAmt06013
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0364758
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0513803
IRS990/OtherSalariesAndWagesGrp/TotalAmt0878561
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09509
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09686
IRS990/PriorPeriodAdjustmentsAmt02432
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0CREDIT COUNSELING
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01934097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01934097
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/PYInvestmentIncomeAmt0201005
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0666613
IRS990/PYOtherRevenueAmt04641
IRS990/PYProgramServiceRevenueAmt02147855
IRS990/PYRevenuesLessExpensesAmt0247612
IRS990/PYSalariesCompEmpBnftPaidAmt01439276
IRS990/PYTotalExpensesAmt02105889
IRS990/PYTotalRevenueAmt02353501
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-187826
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01934097
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0127735
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0148795
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0243775
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0211297
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0174353
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0905955
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01934097
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02147855
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02168240
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02136437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02140552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt010527181
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0127735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0148795
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0243775
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0211297
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0174353
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0905955
IRS990ScheduleA/InvestmentIncomeCYPct00.07920
IRS990ScheduleA/InvestmentIncomePYPct00.08430
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92080
IRS990ScheduleA/PublicSupportPY509Pct00.91570
IRS990ScheduleA/PublicSupportTotal509Amt010527181
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01934097
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02147855
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02168240
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02136437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02140552
IRS990ScheduleA/Total509Grp/TotalAmt010527181
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02061832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02296650
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02412015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02347734
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02314905
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011433136
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02879
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017630
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020509
IRS990ScheduleD/ExpensesSubtotalAmt02265504
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0590335
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04019
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030274
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt034293
IRS990ScheduleD/RevenueNotReportedAmt0590335
IRS990ScheduleD/RevenueSubtotalAmt02077678
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06898
IRS990ScheduleD/TotalExpensesPerForm990Amt02265504
IRS990ScheduleD/TotalRevenuePerForm990Amt02077678
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02668013
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02265504
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0196994
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1236164
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023381
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KRISTINA L KETCHEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LAURA AHART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF COUNSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0196994
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1259545
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.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06791952
IRS990/TotalAssetsEOYAmt07182397
IRS990/TotalAssetsGrp/BOYAmt06791952
IRS990/TotalAssetsGrp/EOYAmt07182397
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0728296
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01537208

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,182,397
Liabilities
$77,828
Net assets
$7,104,569
Revenue
$2,077,678
Expenses
$2,265,504
Net income
-$187,826
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