Overview
What is 123 Credit Counselors Inc?
123 Credit Counselors Inc is a nonprofit organization situated in Miami, Florida. Their primary focus is on providing financial education services to high-risk groups, aiming to improve their financial literacy. The organization derives its income from the PPP loan forgiveness and employee retention schemes. While the specific high-risk groups they target are not explicitly mentioned, their mission suggests they extend their services to populations who may require additional financial support. The organization's exact location is stated as 1000 NW 57TH CT STE 860, Miami, Florida.
Is 123 Credit Counselors Inc legitimate?
123 Credit Counselors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 123 Credit Counselors Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 123 Credit Counselors Inc?
123 Credit Counselors Inc's mission is centered around providing financial education services to high-risk groups. This non-profit organization aims to equip these individuals with the necessary financial skills to manage their finances effectively. Their services are crucial in helping these groups navigate financial challenges and make informed decisions. The organization also derives additional income from PPP loan forgiveness and employee retention programs. Despite not providing explicit details, it can be inferred that 123 Credit Counselors Inc might also offer support and guidance in these areas.
Who is the CEO of 123 Credit Counselors Inc?
Elizabeth Garcia is the Garcia of 123 Credit Counselors Inc.
What is the revenue of 123 Credit Counselors Inc?
123 Credit Counselors Inc's revenue in 2021 was $98,221.
Who are the executives of 123 Credit Counselors Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $36,200
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Where can I find the form 990 for 123 Credit Counselors Inc?
123 Credit Counselors Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of 123 Credit Counselors Inc
123 Credit Counselors Inc is dedicated to providing financial education services to high-risk groups. This nonprofit organization's mission is to equip these vulnerable populations with the necessary financial skills and knowledge to navigate their financial situations more effectively. By offering financial education services, 123 Credit Counselors Inc aims to empower these groups, enabling them to make informed decisions and improve their financial well-being. The organization's efforts extend beyond just financial education, as it also derives income from sources such as PPP loan forgiveness and the Employee Retention Credit.
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Impact
October, 2024
123 Credit Counselors Inc plays a significant role in delivering financial education to high-risk groups in Miami, Florida. By focusing on underserved populations, the organization empowers individuals with the knowledge and skills needed to make informed financial decisions, ultimately enhancing their financial well-being. The firm’s mission addresses critical gaps in financial literacy, providing essential resources that can lead to better budgeting, improved credit scores, and greater overall economic stability.
The organization also derives income from programs like PPP loan forgiveness and employee retention, which highlights its engagement with community and business resilience. Through its impactful services, 123 Credit Counselors Inc fosters a more knowledgeable and financially savvy community, helping to break cycles of poverty and promote financial independence. The emphasis on human services underscores the organization's commitment to making a tangible difference in the lives of those it serves.
This information is meant to be a general summary of 123 Credit Counselors Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $98,221
- Gross Receipts: $98,221
Assets and Liabilities:
- Total Assets: $1,338
- Total Liabilities: $623,545
- Net Assets: -$622,207
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COURSE FEES
Revenue
$98,221
Organization Details
Principal Officer
Elizabeth Garcia
Main Address
1000 NW 57TH CT STE 860, MIAMI, FL, 331263295
NTEE Category
Code: P51 - Human services
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