Civic Intelligence

Abacus Credit Counseling

990 • Fiscal year 2021 • EIN 26-0678503

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 24, 2022

Organization ProfileWWW.ABACUSCC.ORG

View Organization Page

17337 Ventura Blvd 205Encino, CA 91316

(800) 516-3834

Siviq Scores

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

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

24th percentile

0.04x

Higher debt load relative to revenue than 24% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

14th percentile

-8.9%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$258,782

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

23rd percentile

-0.4%

Faster asset growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

27th percentile

-1.8%

Faster revenue growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$7,151,653

Down $30,744 (-0.4%) from 2020

Net Assets

Down

$7,065,542

Down $39,027 (-0.5%) from 2020

Liabilities

Up

$86,111

Up $8,283 (+11%) from 2020

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin14th percentile

Revenue

Down

$2,039,579

Down $38,099 (-1.8%) from 2020

Expenses

Down

$2,221,161

Down $44,343 (-2.0%) from 2020

Net Income

Up

-$181,582

Up $6,244 (+3.3%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2021

Assets$7,151,653
Liabilities$86,111
Net Assets$7,065,542
Open 2021 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

2021

Revenue$2,039,579
Expenses$2,221,161
Net Income-$181,582
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 24, 2022
Return Version
2021v4.0
Gross Receipts
$2,913,464
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$6,580,218$6,651,762▲ $71,544
Intangible Assets$460,042$347,379▼ $112,663
Cash and Non-Interest-Bearing Accounts$123,120$134,418▲ $11,298
Prepaid Expenses and Deferred Charges$9,686$9,242▼ $444
Land, Buildings, and Equipment, Net$6,898$6,420▼ $478
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$7,182,397$7,151,653▼ $30,744
Other Assets Total$2,433$2,432▼ $1
Liabilities
Accounts Payable and Accrued Expenses$77,828$86,111▲ $8,283
Total Liabilities$77,828$86,111▲ $8,283
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,104,569$7,065,542▼ $39,027
Total Net Assets Fund Balance$7,104,569$7,065,542▼ $39,027
Total Liabilities and Net Assets / Fund Balance$7,182,397$7,151,653▼ $30,744

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,862$31,431$34,293
Equipment$3,558$19,168$22,726
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura AhartCEOFT$235,802$22,980$258,782
Kristina L KetchelChief CounselFT$201,652$22,980$201,652

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
$1,606,810
Investment Income
$426,747
Other Revenue
$6,022
Change in Net Assets
$-181,582

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,039,579
Revenue Not Reported on Form 990
$142,555
Total Revenue per Audited Statements
$2,182,134
Total Revenue per Form 990
$2,039,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,508,247
Other Expenses$712,914
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$516,928$362,983-$879,911
Current Officers, Directors, Trustees, and Key Employees$368,348$92,086-$460,434
Advertising$314,640--$314,640
Other Employee Benefits$134,322$33,580-$167,902
Depreciation Depletion$112,663$2,695-$115,358
Fees for Service Investment Mgmnt Fees-$47,758-$47,758
Office Expenses-$42,926-$42,926
Other Expenses$30,000$27,336-$27,336
Insurance-$19,418-$19,418
Occupancy-$15,860-$15,860
All Other Expenses$2,981$693-$3,674
Conferences and Meetings-$1,363-$1,363
Total Functional Expenses$1,521,667$699,494$0$2,221,161

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,221,161
Total Expenses per Audited Statements$2,221,161
Total Expenses per Form 990$2,221,161
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 205, ENCINO, CA 91316

Signing Officer

Name
Laura Ahart
Title
CEO
Signed
2022-06-24
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
38

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/Desc0PROFESSIONAL
IRS990/OtherExpensesGrp/Desc1PROCESSING FEE
IRS990/OtherExpensesGrp/Desc2DONATION
IRS990/OtherExpensesGrp/Desc3TELECOMMUNICATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt052796
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127336
IRS990/OtherExpensesGrp/ProgramServicesAmt041785
IRS990/OtherExpensesGrp/ProgramServicesAmt130000
IRS990/OtherExpensesGrp/TotalAmt052796
IRS990/OtherExpensesGrp/TotalAmt141785
IRS990/OtherExpensesGrp/TotalAmt230000
IRS990/OtherExpensesGrp/TotalAmt327336
IRS990/OtherRevenueMiscGrp/Desc0CARD FEE DISCOUNT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06022
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06022
IRS990/OtherRevenueTotalAmt06022
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0362983
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0516928
IRS990/OtherSalariesAndWagesGrp/TotalAmt0879911
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09686
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09242
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0CREDIT COUNSELING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01606810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01606810
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/PYInvestmentIncomeAmt0137568
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0778477
IRS990/PYOtherRevenueAmt06013
IRS990/PYProgramServiceRevenueAmt01934097
IRS990/PYRevenuesLessExpensesAmt0-187826
IRS990/PYSalariesCompEmpBnftPaidAmt01487027
IRS990/PYTotalExpensesAmt02265504
IRS990/PYTotalRevenueAmt02077678
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-181582
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01606810
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0132400
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0127735
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0148795
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0243775
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0211297
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0864002
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01606810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01934097
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02147855
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02168240
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02136437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09993439
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0132400
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0127735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0148795
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0243775
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0211297
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0864002
IRS990ScheduleA/InvestmentIncomeCYPct00.07960
IRS990ScheduleA/InvestmentIncomePYPct00.07920
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92040
IRS990ScheduleA/PublicSupportPY509Pct00.92080
IRS990ScheduleA/PublicSupportTotal509Amt09993439
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01606810
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01934097
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02168240
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02136437
IRS990ScheduleA/Total509Grp/TotalAmt09993439
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01739210
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02061832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02296650
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02412015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02347734
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010857441
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03558
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019168
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022726
IRS990ScheduleD/ExpensesSubtotalAmt02221161
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0142555
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02862
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031431
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt034293
IRS990ScheduleD/RevenueNotReportedAmt0142555
IRS990ScheduleD/RevenueSubtotalAmt02039579
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06420
IRS990ScheduleD/TotalExpensesPerForm990Amt02221161
IRS990ScheduleD/TotalRevenuePerForm990Amt02039579
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02182134
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02221161
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/BaseCompensationFilingOrgAmt0201652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1235802
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KRISTINA L KETCHEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LAURA AHART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF COUNSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0201652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1258782
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/TotalAssetsBOYAmt07182397
IRS990/TotalAssetsEOYAmt07151653
IRS990/TotalAssetsGrp/BOYAmt07182397
IRS990/TotalAssetsGrp/EOYAmt07151653
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0699494

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,151,653
Liabilities
$86,111
Net assets
$7,065,542
Revenue
$2,039,579
Expenses
$2,221,161
Net income
-$181,582
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