Civic Intelligence

Incharge Financial Solutions

990 • Fiscal year 2014 • EIN 33-0770440

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

5750 Major Blvd No 300Orlando, FL 32819

(407) 291-7770

Siviq Scores

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

Liabilities / Assets

57th percentile

0.35x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

30th percentile

0.15x

Higher debt load relative to revenue than 30% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

13th percentile

-9.8%

Higher net margin than 13% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

94th percentile

$992,996

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

2nd percentile

-21%

Faster asset growth than 2% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

15th percentile

-12%

Faster revenue growth than 15% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Assets

Down

$6,378,131

Down $1,740,268 (-21%) from 2013

Net Assets

Down

$4,114,017

Down $1,480,421 (-26%) from 2013

Liabilities

Down

$2,264,114

Down $259,847 (-10%) from 2013

Revenue

Down

$14,933,759

Down $2,015,022 (-12%) from 2013

Expenses

Down

$16,393,416

Down $417,354 (-2.5%) from 2013

Net Income

Down

-$1,459,657

Down $1,597,668 (-1158%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $8,448,465Liabilities 2010: $1,162,263Net Assets 2010: $7,286,2022010Assets 2011: $7,036,106Liabilities 2011: $1,914,217Net Assets 2011: $5,121,8892011Assets 2012: $7,834,987Liabilities 2012: $2,361,971Net Assets 2012: $5,473,0162012Assets 2013: $8,118,399Liabilities 2013: $2,523,961Net Assets 2013: $5,594,4382013Assets 2014: $6,378,131Liabilities 2014: $2,264,114Net Assets 2014: $4,114,0172014Assets 2015: $5,035,758Liabilities 2015: $1,870,420Net Assets 2015: $3,165,3382015Assets 2017: $5,332,430Liabilities 2017: $2,571,257Net Assets 2017: $2,761,1732017Assets 2018: $6,405,414Liabilities 2018: $3,053,930Net Assets 2018: $3,351,4842018Assets 2021: $11,087,223Liabilities 2021: $2,099,857Net Assets 2021: $8,987,3662021Assets 2024: $8,464,175Liabilities 2024: $2,299,213Net Assets 2024: $6,164,9622024

Highlighted filing

2014

Assets$6,378,131
Liabilities$2,264,114
Net Assets$4,114,017

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $20,001,4552010Expenses 2011: $20,865,0882011Expenses 2012: $20,311,1672012Revenue 2013: $16,948,781Expenses 2013: $16,810,770Net Income 2013: $138,0112013Revenue 2014: $14,933,759Expenses 2014: $16,393,416Net Income 2014: -$1,459,6572014Revenue 2015: $15,026,293Expenses 2015: $15,977,232Net Income 2015: -$950,9392015Revenue 2017: $15,186,997Expenses 2017: $15,053,090Net Income 2017: $133,9072017Revenue 2018: $16,065,326Expenses 2018: $15,466,298Net Income 2018: $599,0282018Revenue 2021: $18,359,238Expenses 2021: $14,381,236Net Income 2021: $3,978,0022021Revenue 2024: $15,025,410Expenses 2024: $15,018,843Net Income 2024: $6,5672024

Highlighted filing

2014

Revenue$14,933,759
Expenses$16,393,416
Net Income-$1,459,657
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$26,794,185
Mission and Program Overview

Mission

Incharge debt solutions helps consumers achieve financial balance and move closer to their dreams.

Incharge debt solutions (ids) provides credit, bankruptcy and housing counseling services to the general public. These services include educational materials and resources, solutions-based counseling, client debt management programs, bankruptcy credit counseling and pre-discharge debtor education services, foreclosure prevention, homebuyer education, pre-purchase housing counseling, and other financial literacy activities for the benefit of the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,319,801$1,825,363▲ $505,562
Land, Buildings, and Equipment, Net$1,646,066$1,513,331▼ $132,735
Savings and Temporary Cash Investments$1,444,710$877,563▼ $567,147
Investments Other Securities$704,290$594,044▼ $110,246
Prepaid Expenses and Deferred Charges$360,825$310,456▼ $50,369
Pledges and Grants Receivable$154,240$141,543▼ $12,697
Accounts Receivable$476,650$70,307▼ $406,343
Inventories for Sale or Use$2,518$3,191▲ $673
Total Assets$8,118,399$6,378,131▼ $1,740,268
Other Assets Total$2,009,299$1,042,333▼ $966,966
Liabilities
Accounts Payable and Accrued Expenses$414,662$1,071,781▲ $657,119
Escrow Account Liability$1,033,571$857,905▼ $175,666
Other Liabilities$975,728$184,428▼ $791,300
Deferred Revenue$100,000$150,000▲ $50,000
Total Liabilities$2,523,961$2,264,114▼ $259,847
Net Assets / Fund Balance
Unrestricted Net Assets$5,388,129$3,970,042▼ $1,418,087
Temporarily Rstr Net Assets$206,309$143,975▼ $62,334
Total Net Assets Fund Balance$5,594,438$4,114,017▼ $1,480,421
Total Liabilities and Net Assets / Fund Balance$8,118,399$6,378,131▼ $1,740,268

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,513,331$7,281,531$8,794,862
Other Assets Org$184,428--
Other Securities$544,057--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Etta W MoneyPresident & CEOFT$245,144$698,202$943,346
Jodi McgregorSecretaryFT$155,362$330,656$486,018
Soraia DearaujoV.p. of OperationsFT$165,099$31,118$196,217
William MalseedTreasurerFT$146,575$29,238$175,813
Chris HenningsenV.p. of Consumer AwarenessFT$152,844$14,763$167,607
Robert DarrochSoftware EngineerFT$109,607$5,655$115,262
Richard AndersonTrustee-$8,533$17,067$25,600
Maxine SweetTrustee-$695-$695
Kristen SolesTrustee-$600-$600
Patricia WexlerTrustee-$600-$600
Peter KennedyTrustee-$600-$600
Robert RuizTrustee-$600-$600
Veronica WhitelawTrustee-$600-$600
Lonnie RitzerTrustee-$150$300$450

Board Members and Trustees

NameTitle
Carey TarbellTrustee
Dr Joseph ChavezTrustee
Michael KochTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
GooglePublic Service Announcement13169 COLLECTION CENTER DRIVE, Chicago, IL 60693$3,057,524
YahooPublic Service AnnouncementPO BOX 13683, Newark, NJ 07188$601,000
FacebookPublic Service Announcement1 HACKER WAY, Menlo Park, CA 94205$412,388
Envoy Media GroupPublic Service Announcement19350 BUSINESS CENTER DRIVE SUITE, Northridge, CA 91324$315,178
Equifax Authentication ServicesCredit Bureau ServicePO BOX 4472, Atlanta, GA 30302$141,603
Revenue and Support

Revenue Composition

Contributions and Grants
$6,368,896
Program Service Revenue
$8,495,392
Investment Income
$30,988
Other Revenue
$38,483
All Other Contributions
$5,868,896
Change in Net Assets
$-1,459,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,933,759
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-20,764
Total Revenue per Audited Statements
$14,912,995
Total Revenue per Form 990
$14,933,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,490,799
Salaries, Compensation, and Employee Benefits$4,902,617
Total Fundraising Expense$22,977
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,697,011$263,600$5,513$2,966,124
Current Officers, Directors, Trustees, and Key Employees$897,081$105,791-$1,002,872
Depreciation Depletion$503,755$51,774$773$556,302
Other Employee Benefits$433,122$38,218$852$472,192
Occupancy$300,896$30,924$462$332,282
Payroll Taxes$290,121$29,817$445$320,383
Pension Plan Contributions$122,191$18,855-$141,046
Fees for Services Other$116,762$11,584$256$128,602
All Other Expenses$113,616$11,675$175$125,466
Information Technology$90,715$9,323$139$100,177
Other Expenses$62,498$6,423$96$69,017
Fees for Services Accounting$43,560$4,840-$48,400
Travel$41,789$4,295$64$46,148
Fees for Services Legal$6,421$713-$7,134
Insurance$1,528$157$2$1,687
Office Expenses$1,166$120$2$1,288
Total Functional Expenses$14,978,147$1,392,292$22,977$16,393,416

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,393,416
Total Expenses per Audited Statements$16,393,416
Total Expenses per Form 990$16,393,416
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Richard F AndersonBoard TrusteeConsulting Services on Legislative MattersNo$25,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$184,428
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Section B, Line 11

The treasurer, audit committee, the president & ceo of incharge debt solutions, and the full board review and approve the form 990 prior to its filing.

Form 990, Part VI, Section B, Line 12C

Officers, directors, trustees and key employees are required to disclose any potential conflicts of interest on a conflict of interest form that is completed annually. Potential conflicts are to be reported to the organization as soon as known. Follow up is performed to ensure all conflict of interest forms are received.

Form 990, Part VI, Section B, Line 15

The organization has a separate board appointed compensation committee that determines the salary of the officers on an annual basis. Salary comparability data and performance is reviewed for officers annually. On a regular basis, an independent compensation consultant may be used to perform a compensation survey or study. Key employees may receive increases and are eligible for increases based on performance. Periodically, key employees' salaries are compared to market data. The last compensation review was conducted in january - february 2015.

Form 990, Part VI, Section C, Line 18

The organization makes its form 1023 and form 990 available to the public upon request. The organization's form 990 is also available on guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization provides copies of its governing documents, conflict of interest policy, and financial statements as valid requests are received.

Filing and Contact Details

Filer

Filer Name
Incharge Debt Solutions
EIN
33-0770440
Phone
4072917770
Address
5750 MAJOR BLVD NO 300, ORLANDO, FL 32819

Signing Officer

Name
Etta W Money
Title
President & CEO
Phone
4072917770
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Etta W Money
Formed
1997
Legal Domicile
Nv
Voting Board Members
11
Independent Board Members
10
Employees
111
Volunteers
10

Preparer

Firm
Ribis Jones & Maresca Pa
Address
10500 LITTLE PATUXENT PKWY SUITE, 770, COLUMBIA, MD 21044
Preparer
David Jones
Phone
4108840220
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's audit committee is responsible for selecting an independent accountant and overseeing the audit of its financial statements on an annual basis. The process has not been changed during the tax year.

Financial Statement Notes

PART IV, LINE 2B:

Funds received from clients participating in the debt management program are held in various separate fbo bank accounts until they are distributed to creditors and contributions and fees are disbursed to ids. Certain states require that cash accounts be held in the same state that funds are received. All restricted cash accounts are not available for ids' operating expenses or creditors of ids.

PART X, LINE 2:

Ids believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Tax years prior to 2011 are no longer subject to examination by the internal revenue service.

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IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14V.P. OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt15V.P. OF CONSUMER AWARENESS
IRS990/Form990PartVIISectionAGrp/TitleTxt16SOFTWARE ENGINEER
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IRS990/MissionDesc0INCHARGE DEBT SOLUTIONS HELPS PEOPLE ACHIEVE AND MAINTAIN A BETTER FINANCIAL FUTURE THROUGH HIGH QUALITY, RESPONSIVE COUNSELING AND PERSONALIZED EDUCATION.
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IRS990/ProgramServiceRevenueGrp/Desc1BANKRUPTCY COUNSEL. & DEBTOR ED.
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IRS990/ProgSrvcAccomActy2Grp/Desc0DEBT MANAGEMENT - IDS OFFERS DEBT MANAGEMENT PROGRAMS TO ASSIST CONSUMERS IN PAYING OFF THEIR UNSECURED DEBTS AND TO BETTER MANAGE THEIR FINANCIAL OBLIGATIONS IN THE FUTURE. IDS PROCESSES DEBT PAYMENTS, ATTEMPTS TO SECURE A REDUCTION IN INTEREST RATES, AND ATTEMPTS TO ESTABLISH AFFORDABLE MONTHLY PAYMENTS ON THE CLIENTS' BEHALF. CLIENTS ARE PROVIDED INITIAL AND CONTINUING EDUCATIONAL ASSISTANCE THROUGH FINANCIAL EDUCATIONAL MATERIALS AND GUIDANCE IN FINANCIAL MATTERS AS DETERMINED BY THEIR NEEDS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0BANKRUPTCY COUNSELING AND DEBTOR EDUCATION - BANKRUPTCY LEGISLATION ENACTED BY CONGRESS IN 2005 REQUIRES INDIVIDUALS FILING FOR BANKRUPTCY TO COMPLETE A BANKRUPTCY CREDIT COUNSELING SESSION PRIOR TO FILING, AND AN INSTRUCTIONAL COURSE IN PERSONAL FINANCIAL MANAGEMENT (DEBTOR EDUCATION) PRIOR TO RECEIVING A BANKRUPTCY DISCHARGE. TO OFFER CONVENIENT, ON-DEMAND ACCESS TO THIS REQUIRED CONTENT, IDS PROVIDES INTERACTIVE WEB-BASED AND TELEPHONIC BANKRUPTCY CREDIT COUNSELING AND DEBTOR EDUCATION PROGRAMS. BOTH PROGRAMS ISSUE CERTIFICATES TO INDIVIDUALS WHO COMPLETE EACH PROGRAM AS REQUIRED BY THE TITLE 11 BANKRUPTCY CODE. DURING 2014, OVER 52,000 CERTIFICATES WERE ISSUED TO BANKRUPTCY PETITIONERS EVIDENCING THEIR SUCCESSFUL COMPLETION OF THE BANKRUPTCY CREDIT COUNSELING SESSION AND THE PERSONAL FINANCIAL MANAGEMENT COURSE.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0HOUSING COUNSELING AND EDUCATION - IDS IS A LOCAL U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") APPROVED AGENCY IN THE STATE OF FLORIDA AND A MEMBER OF THE NATIONAL FOUNDATION FOR CREDIT COUNSELING ("NFCC") WHICH ENABLES IDS TO SERVE CONSUMERS ON A NATIONWIDE BASIS. HOUSING COUNSELING SERVICES INCLUDE FORECLOSURE PREVENTION AND MORTGAGE DELINQUENCY COUNSELING, HOMEBUYER EDUCATION AND PRE-PURCHASE HOMEBUYER COUNSELING. FORECLOSURE PREVENTION AND MORTGAGE DELINQUENCY COUNSELING IS DESIGNED TO PROVIDE EXISTING BORROWERS WITH INFORMATION AND ASSISTANCE NEEDED TO AVOID FORECLOSURE. PROGRAM HIGHLIGHTS INCLUDE BUDGET PLANNING, EVALUATION OF ELIGIBILITY FOR LOAN MODIFICATION, ASSESSMENT OF ABILITY TO SUSTAIN A HOME AND ALTERNATIVE HOUSING OPTIONS. HOMEBUYER EDUCATION IS DESIGNED TO BETTER PREPARE POTENTIAL HOMEOWNERS FOR HOMEOWNERSHIP. PARTICIPANTS EXAMINE THEIR HOUSING NEEDS, ANALYZE THEIR FINANCIAL SITUATION AND LEARN STRATEGIES TO IMPROVE FINANCIAL MANAGEMENT IN AN EFFORT TO BETTER PREPARE FOR HOMEOWNERSHIP. PARTICIPANTS ALSO LEARN HOW TO SHOP FOR A HOME, OBTAIN A MORTGAGE AND PREPARE FOR LIFE AS A HOMEOWNER. PRE-PURCHASE HOMEBUYER COUNSELING, A PERSONAL ONE-ON-ONE SESSION, IS OFFERED TO PROVIDE EDUCATION AND TIPS TO ASSIST POTENTIAL HOMEBUYERS IN IMPROVING FINANCIAL MANAGEMENT SKILLS AND UNDERSTANDING ALTERNATIVE SOURCES OF FUNDING AND MORTGAGE OPTIONS. DURING 2014, OVER 9,000 HOUSING COUNSELING SESSIONS WERE CONDUCTED.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1FINANCIAL LITERACY OUTREACH - IDS, IN CONJUNCTION WITH ITS SUPPORTING ORGANIZATION, INCHARGE EDUCATION FOUNDATION, CONDUCTS NUMEROUS FINANCIAL LITERACY WORKSHOPS, AND HOME BUYER EDUCATION CLASSES FOR THE GENERAL PUBLIC. THE GOAL OF EACH OUTREACH EVENT IS TO IMPROVE THE FINANCIAL CAPABILITIES OF ATTENDEES BY PROVIDING RELEVANT INFORMATION AND TOOLS CONCERNING PERSONAL FINANCE, MONEY MANAGEMENT, THE RESPONSIBLE USE OF CREDIT, AND THE HOME BUYING PROCESS. DURING 2014, OVER 3,900 INDIVDIUALS ATTENDED THE WORKSHOPS INCHARGE PROVIDED.

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