Credit Advisors Foundation

“The board completes a thorough review of form 990 and all schedules prior to filing”

“The board has a written conflict of interest policy that requires all boar d members to reveal any and all conflicts. This policy is reviewed annual ly. The company has a vendor policy which requires registration of all ma jor vendors. Registration requires acknowledgment of all relationships to board, officers and employees. In addition, the company follows a risk m”

“The executive committee of the board annually reviews officers and key emp loyees of the organization including compensation. They review relevant i ndustry and regional salary surveys, compensation reviews and other inform ation gathered through 3rd parties and 990's. In addition they complete p erformance review.”

“SEE ABOVE”

“All documents available upon request.”

“The financial statements used to prepare the original return were not the final 2015 financial statements.”

“To provide free credit and consumer education and advisory services to the public and qualifying needy individuals and institutions. To provide debt management programs to those whose financial situation present a need, free if needed. To provide housing counseling per the department of housing and urban development. To provide department of justice executive office of the united states trustee approved bankruptcy counseling”

“Housing housing education and counseling is available to all credit advisors foundation (caf) clients across all programs. In 2015, 3,925 clients agency-wide participated in housing education and/or housing counseling. Under caf's hud multi-state organization approval for the states of arizona, iowa, and nebraska we provide a variety of housing counseling and education, such as: fair housing pre-purchase counseling and education, financial management/budget counseling, mortgage delinquency and default resolution counseling, rental housing counseling and tenancy workshops, services for homeless counseling and reverse mortgage counseling. 818 clients located in caf's hud approved geographic locations received full housing counseling and education services during the 2015 calendar year. Education the foundation offers credit education services to the public which includes credit counseling, budgeting services, action plans, publications and speakers. In 2015, credit advisors foundation provided credit counseling to 7,965 individuals, of these, 5810 received budgets/credit counseling and action plans which included debt management plans. 2,188 education topic specific hot sheets were distributed. Credit advisors foundation additionally supports electronic education through e-newsletter and publications geared toward money management. Currently there are over 35,000 subscribers of this information. In 2015, 353,535 consumer publications were delivered with focuses on spending, budgeting, and consumer news and issue, all of these are distributed free of charge. Public speakers are also available to give presentations to various groups requesting financial education. Among these groups are high schools, social service agencies, colleges and community agency partners. Speakers instruct the groups on a wide variety of consumer topics related to the proper use and management of credit. Approximately 842 people at 70 presentations benefited from these services. Finally, our website is regularly updated wiith valuable consumer information and access to on-line interactive q&a's. Over 105,696 unique visitors came to our website. Bankruptcy counseling the foundation is approved by the executive office of the united states trustee to provide pre-bankruptcy counseling and certification in person, on the phone or over the internet in all 21 judicial districts, and alabama and north carolina, to consumers experiencing financial difficulties and contemplating bankruptcy. This counseling is provided free of charge, for hardship cases or in those cases where the client cannot afford to pay. In 2014, 5,027 credit counseling certificates were issued of these approximately 1200 clients received fee waivers.”

“STUDENT LOAN RELIEF”

“Professional fees 34,899 1,650 0 rent 29,246 0 0 postage 8,891 79 0 outside services 593 66 0 bank charges 25,709 0 0 auto expense 1,211 135 0 computer expense 6,846 0 0 dues & subscriptions 4,250 333 0 licenses accreditation 52,073 0 0 utilities 19,865 2,197 0 repairs & maintenance 9,873 1,097 0 board expense 3,364 374 0 program expense 83,413 0 0 outreach 38,874 0 0 internet/education outreach 43,405 0 0 community outreach 22,852 0 0 telephone 10,952 46 0 personnel development 34,958 3,014 0 equipment lease 2,243 13 0 promotion -186 -53 0 bad debt expense 7,560 840 0”

“Decrease in temporarily restricted assets”