Consumer Credit Counseling Service of Hawaii

“On march 16, 2016, the board of directors approved the dissolution of the consumer credit counseling service (organization) which was completed by december 31, 2016. As a result of the organization's decision to cease operations, the organization adopted the liquidation basis of accounting. The organization donated their assets to certain permitted nonprofit organizations as described in section 501(c)(3) of the internal revenue code. All liabilities were settled in full before dissolution. As of june 30, 2016, normal operating costs incurred and contributions receivable earned during liquidation have been accrued and were paid and earned by december 31, 2016.”

“The draft form 990 is distributed to the executive director and all voting members of the board of directors for review and comment during a specified period prior to submittal to the irs. After the review period, the form 990 is signed by a member of the board or the executive director.”

“All officers and directors are required to annually sign a statement attesting that they have read, understand, and are in compliance with all the provisions of the organization's conflict of interest policy. Any potential, alleged or actual conflicts of interest are brought to the attention of the independent members of the board for review and resolution.”

“It is the responsibility of the board of directors to determine the compensation for all employees, including the executive director. The board members are not compensated. Compensation levels are based on data obtained from the organization's national affiliate and other local nonprofit organizations and other pertinent information such as the individual's education, experience, and other factors considered important in the formulation of compensation levels for the particular position.”

“Governing documents are available through the department of commerce and consumer affairs, or upon request. The conflict of interest policy and financial statements are available upon request.”

“On march 16, 2016, the board of directors approved the dissolution of the consumer credit counseling service (organization) which was completed by december 31, 2016. As a result of the organization's decision to cease operations, the organization adopted the liquidation basis of accounting. The organization donated their assets to certain permitted nonprofit organizations as described in section 501(c)(3) of the internal revenue code. All liabilities were settled in full before dissolution. As of june 30, 2016, normal operating costs incurred and contributions receivable earned during liquidation have been accrued and were paid and earned by december 31, 2016.”

“Curricula of these workshops also served to educate in areas such as coping with loss of income through unemployment or under employment and how to recognize, and more importantly, avoid potential mortgage rescue and debt relief scams. These workshops, done primarily in partnership with other human service provider organizations, state and county agencies, churches, and union groups, reached more than 1,146 individuals and families.”

“Net assets transfer - dissolution -22,749”