Civic Intelligence

Bedrock Credit America Inc

EIN 88-1829727 • 501(c)3 • Collinsville, CT

Profile

There is a general lack of understanding as to how the credit system works and what can be done. To maintain proper credit. Bedrock credit america (bca) plans to correct this problem through community outreach and education. Bca will serve the underprivileged within the communities by offering free credit education and practical application by creating customized education and action plans for individuals. This will allow specific issues to be addressed in an easy-to-understand manner and create hope for those who are currently struggling with their credit. The organization, through partnerships with community businesses, banks, mortgage lenders, realtors, as well as community institutions, churches, schools and other non-profits, we will offer free credit education seminars that will be open to the public.

3 Wickhams FancyCollinsville, CT 06019

www.bedrockcreditamerica.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

7.77x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.07x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

34th percentile

-7.0%

Higher net margin than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

19th percentile

-51%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

-19%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,431

Down $1,517 (-51%) from 2023

Liabilities

Up

$11,124

Up $4,228 (+61%) from 2023

Net Assets

Down

-$9,693

Down $5,745 (-146%) from 2023

Revenue

Down

$165,150

Down $37,588 (-19%) from 2023

Expenses

Down

$176,652

Down $33,002 (-16%) from 2023

Net Income

Down

-$11,502

Down $4,586 (-66%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$10K$0-$10KAssets 2022: $3,021Liabilities 2022: $53Net Assets 2022: $2,9682022Assets 2023: $2,948Liabilities 2023: $6,896Net Assets 2023: -$3,9482023Assets 2024: $1,431Liabilities 2024: $11,124Net Assets 2024: -$9,6932024

Highlighted filing

2024

Assets$1,431
Liabilities$11,124
Net Assets-$9,693

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2022: $93,800Expenses 2022: $90,832Net Income 2022: $2,9682022Revenue 2023: $202,738Expenses 2023: $209,654Net Income 2023: -$6,9162023Revenue 2024: $165,150Expenses 2024: $176,652Net Income 2024: -$11,5022024

Highlighted filing

2024

Revenue$165,150
Expenses$176,652
Net Income-$11,502

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 25, 2025
Return Version
2024v5.0
Gross Receipts
$165,150
Mission and Program Overview

Mission

There is a general lack of understanding as to how the credit system works and what can be done. To maintain proper credit. Bedrock credit america (bca) plans to correct this problem through community outreach and education. Bca will serve the underprivileged within the communities by offering free credit education and practical application by creating customized education and action plans for individuals. This will allow specific issues to be addressed in an easy-to-understand manner and create hope for those who are currently struggling with their credit. The organization, through partnerships with community businesses, banks, mortgage lenders, realtors, as well as community institutions, churches, schools and other non-profits, we will offer free credit education seminars that will be open to the public.

There is a general lack of understanding as to how the credit system works and what can be done to maintain proper credit. Bedrock credit america (bca) plans to correct this problem through community outreach and education. The organization has been established to fulfill several charitable purposes within the meaning of section 501(c) (3) of the internal revenue code (the code), including: (1) providing relief for the poor, distressed and the underprivileged; (2)supporting underacknowledged individuals on matters both useful to the individuals and beneficial to the community; (3) combating community deterioration; and (4) eliminating prejudice and discrimination within the community. Bca will serve the underprivileged within the communities by offering free credit education and practical application by creating customized education and action plans for individuals. This will allow specific issues to be addressed in an easy-to-understand manner and create hope for those who are current

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,948$1,431▼ $1,517
Total Assets$2,948$1,431▼ $1,517
Liabilities
Accounts Payable and Accrued Expenses$6,896$11,124▲ $4,228
Total Liabilities$6,896$11,124▲ $4,228
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,948$-9,693▼ $5,745
Total Net Assets Fund Balance$-3,948$-9,693▼ $5,745
Total Liabilities and Net Assets / Fund Balance$2,948$1,431▼ $1,517

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$1,095$1,095
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christine IrelandDirector
Greg BenoDirector
Jason PoniatowskiDirector
Linda SuarezDirector
Melissa BarretoDirector
Stephen PreisigExec Directo
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$164,975
Investment Income
$0
Other Revenue
$175
Change in Net Assets
$-11,502
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$152,000
Other Expenses$24,652
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,372--$140,372
Fees for Services Other$18,681--$18,681
Payroll Taxes$11,628--$11,628
Information Technology$3,251--$3,251
Fees for Services Accounting$1,279--$1,279
Occupancy$1,000--$1,000
Insurance$241--$241
Conferences and Meetings$200--$200
Total Functional Expenses$176,652$0$0$176,652
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the members response and after making further investigation as may be warranted by the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.

Form 990, Page 6, Part VI, Line 15A

A voting member of the board of directors who receives compensation, directly or indirectly, from the corporation, for services rendered, is precluded from voting on matters pertaining to that members compensation. The board may from time to time establish compensation and benefits for personnel of the corporation.

Form 990, Page 6, Part VI, Line 15B

A voting member of the board of directors who receives compensation, directly or indirectly, from the corporation, for services rendered, is precluded from voting on matters pertaining to that members compensation. The board may from time to time establish compensation and benefits for personnel of the corporation.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Bedrock Credit America Inc
EIN
88-1829727
Phone
2034047209
Address
3 WICKHAMS FANCY, COLLINSVILLE, CT 06019

Signing Officer

Name
Stephen Preisig
Title
Exec Director/CEO
Phone
2034047209
Signed
2025-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Preisig
Formed
2022
Legal Domicile
Ct
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Costello & Associates
Address
14 FAIR ST, CARMEL, NY 10512
Preparer
Ezekiel Thompson CPA
Phone
8452251818
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

There is a general lack of understanding as to how the credit system works and what can be done. To maintain proper credit. Bedrock credit america (bca) plans to correct this problem through community outreach and education. Bca will serve the underprivileged within the communities by offering free credit education and practical application by creating customized education and action plans for individuals. This will allow specific issues to be addressed in an easy-to-understand manner and create hope for those who are currently struggling with their credit. The organization, through partnerships with community businesses, banks, mortgage lenders, realtors, as well as community institutions, churches, schools and other non-profits, we will offer free credit education seminars that will be open to the public.

Form 990, Page 2, Part III, Line 4D

Through public outreach and education, bedrock credit america is providing to the public an understanding of how the credit system works and what can be done to maintain proper credit.

Form 990, Part IX, Line 11G

Credit card processing fees 3,012 0 0 consulting & development 7,000 0 0 licenses & permits 100 0 0 postage/mailing 1,167 0 0 supplies 1,677 0 0 telephone/communications 1,283 0 0 payroll processing 1,515 0 0 other expenses 2,927 0 0 total 18,681 0 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS A GENERAL LACK OF UNDERSTANDING AS TO HOW THE CREDIT SYSTEM WORKS AND WHAT CAN BE DONE. TO MAINTAIN PROPER CREDIT. BEDROCK CREDIT AMERICA (BCA) PLANS TO CORRECT THIS PROBLEM THROUGH COMMUNITY OUTREACH AND EDUCATION. BCA WILL SERVE THE UNDERPRIVILEGED WITHIN THE COMMUNITIES BY OFFERING FREE CREDIT EDUCATION AND PRACTICAL APPLICATION BY CREATING CUSTOMIZED EDUCATION AND ACTION PLANS FOR INDIVIDUALS. THIS WILL ALLOW SPECIFIC ISSUES TO BE ADDRESSED IN AN EASY-TO-UNDERSTAND MANNER AND CREATE HOPE FOR THOSE WHO ARE CURRENTLY STRUGGLING WITH THEIR CREDIT. THE ORGANIZATION, THROUGH PARTNERSHIPS WITH COMMUNITY BUSINESSES, BANKS, MORTGAGE LENDERS, REALTORS, AS WELL AS COMMUNITY INSTITUTIONS, CHURCHES, SCHOOLS AND OTHER NON-PROFITS, WE WILL OFFER FREE CREDIT EDUCATION SEMINARS THAT WILL BE OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THROUGH PUBLIC OUTREACH AND EDUCATION, BEDROCK CREDIT AMERICA IS PROVIDING TO THE PUBLIC AN UNDERSTANDING OF HOW THE CREDIT SYSTEM WORKS AND WHAT CAN BE DONE TO MAINTAIN PROPER CREDIT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBERS RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS MAY BE WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A VOTING MEMBER OF THE BOARD OF DIRECTORS WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE CORPORATION, FOR SERVICES RENDERED, IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBERS COMPENSATION. THE BOARD MAY FROM TIME TO TIME ESTABLISH COMPENSATION AND BENEFITS FOR PERSONNEL OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A VOTING MEMBER OF THE BOARD OF DIRECTORS WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE CORPORATION, FOR SERVICES RENDERED, IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBERS COMPENSATION. THE BOARD MAY FROM TIME TO TIME ESTABLISH COMPENSATION AND BENEFITS FOR PERSONNEL OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CREDIT CARD PROCESSING FEES 3,012 0 0 CONSULTING & DEVELOPMENT 7,000 0 0 LICENSES & PERMITS 100 0 0 POSTAGE/MAILING 1,167 0 0 SUPPLIES 1,677 0 0 TELEPHONE/COMMUNICATIONS 1,283 0 0 PAYROLL PROCESSING 1,515 0 0 OTHER EXPENSES 2,927 0 0 TOTAL 18,681 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02948
IRS990/TotalAssetsEOYAmt01431
IRS990/TotalAssetsGrp/BOYAmt02948
IRS990/TotalAssetsGrp/EOYAmt01431
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0176652
IRS990/TotalFunctionalExpensesGrp/TotalAmt0176652
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06896
IRS990/TotalLiabilitiesEOYAmt011124
IRS990/TotalLiabilitiesGrp/BOYAmt06896
IRS990/TotalLiabilitiesGrp/EOYAmt011124
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3948
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-9693
IRS990/TotalOtherProgSrvcExpenseAmt0157971
IRS990/TotalProgramServiceExpensesAmt0176652
IRS990/TotalProgramServiceRevenueAmt0164975
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0165150
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0165150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02948
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01431
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt03 WICKHAMS FANCY
IRS990/USAddress/CityNm0COLLINSVILLE
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006019
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.BEDROCKCREDITAMERICA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN PREISIG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02034047209
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEDROCK CREDIT AMERICA INC
ReturnHeader/Filer/BusinessNameControlTxt0BEDR
ReturnHeader/Filer/EIN0881829727
ReturnHeader/Filer/PhoneNum02034047209
ReturnHeader/Filer/USAddress/AddressLine1Txt03 WICKHAMS FANCY
ReturnHeader/Filer/USAddress/CityNm0COLLINSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006019
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871329756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COSTELLO & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014 FAIR ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010512
ReturnHeader/PreparerPersonGrp/PhoneNum08452251818
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EZEKIEL THOMPSON CPA
ReturnHeader/ReturnTs02025-03-25T20:20:16-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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