Overview
What is Consumer Credit And Budget Counseling Inc?
Consumer Credit and Budget Counseling Inc, situated in Marmora, New Jersey, is a dedicated nonprofit organization committed to fostering financial wellness. Their mission is to offer educational programs and counseling services to individuals and families grappling with severe financial issues. These comprehensive services encompass Debt Management plans and housing counseling, aiming to surpass customer expectations. The organization's staff is dedicated to providing meaningful financial education and advice, aiming to enhance the economic well-being of the communities they serve.
Official website here: www.nfdm.org, www.cc-bc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Consumer Credit And Budget Counseling Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scores particularly well in various governance aspects, including having a fully independent board and a robust audit and oversight committee, which reflects its commitment to transparency and ethical management.
The nonprofit excels in its program expense ratio, with nearly 92% of its expenses allocated directly to its programs, demonstrating an effective use of its financial resources to further its mission. Additionally, it has implemented comprehensive policies regarding conflict of interest, whistleblowing, and document retention, which contribute to its strong governance framework.
However, the organization does have a notable limitation in its liabilities to assets ratio, scoring zero out of 15 points in this area. This suggests potential financial risk and may indicate that the organization could face challenges in managing its obligations relative to its assets, which is an aspect potential donors may want to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Consumer Credit And Budget Counseling Inc legitimate?
Consumer Credit And Budget Counseling Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consumer Credit And Budget Counseling 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:
Executive Compensation: $241,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $735,117
For more financial information, click here
Official website here: www.nfdm.org, www.cc-bc.com
What is the mission statement of Consumer Credit And Budget Counseling Inc?
Consumer Credit and Budget Counseling Inc. is committed to promoting financial wellness in the communities it serves. This is achieved through the provision of meaningful and high-quality financial education and counseling services. The organization's mission is to exceed customer expectations in this area, aiming to significantly improve the economic well-being of the communities they operate in, through their outreach activities. The organization also offers debt management plans and housing counseling as part of their programs to assist individuals and families dealing with serious financial issues.
Official website here: www.nfdm.org, www.cc-bc.com
Who is the CEO of Consumer Credit And Budget Counseling Inc?
Russell Graves is the Board Member of Consumer Credit And Budget Counseling Inc.
Official website here: www.nfdm.org, www.cc-bc.com
What is the revenue of Consumer Credit And Budget Counseling Inc?
Consumer Credit And Budget Counseling Inc's revenue in 2022 was $2,447,551.
Official website here: www.nfdm.org, www.cc-bc.com
Who are the executives of Consumer Credit And Budget Counseling Inc and what are their salaries?
The average compensation at Consumer Credit And Budget Counseling Inc during 2022 was $39,061. There are 25 employees at Consumer Credit And Budget Counseling Inc.
Here are 7 key members and their salaries:
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $115,700
- Related: $0
- Other: $12,726
- Compensation: $125,700
- Related: $0
- Other: $24,827
Official website here: www.nfdm.org, www.cc-bc.com
Where can I find the form 990 for Consumer Credit And Budget Counseling Inc?
Consumer Credit And Budget Counseling Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nfdm.org, www.cc-bc.com
Learn more at the official website: www.nfdm.org, www.cc-bc.com
Mission Statement of Consumer Credit And Budget Counseling Inc
Consumer Credit and Budget Counseling Inc, abbreviated as CCBC, is dedicated to fostering financial wellness within the communities it serves. The organization's mission is centered around providing meaningful, top-tier personal financial education and counseling that surpasses customer expectations. CCBC's staff is committed to this mission, striving to make a measurable impact on the economic well-being of the communities they serve through outreach activities.
In essence, CCBC is an educational powerhouse that specializes in financial literacy. It offers tailored programs to individuals and families grappling with serious financial issues. Among these programs are Debt Management plans and housing Counseling, designed to equip people with the necessary skills and knowledge to manage their finances effectively. By fulfilling this mission, CCBC contributes significantly to the financial stability and empowerment of its clientele, thereby enhancing overall community prosperity.
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Impact
October, 2024
Consumer Credit And Budget Counseling Inc (CCBC) plays a vital role in improving the financial health of individuals and families by offering education and counseling tailored to meet their needs. Through programs designed to address serious money problems, CCBC provides debt management plans and housing counseling, equipping clients with the skills and knowledge necessary to achieve financial wellness.
By focusing on financial education, CCBC empowers clients to make informed decisions about their finances, enhancing their ability to manage debt and budget effectively. The organization’s outreach efforts extend the benefits of financial literacy and support to the communities it serves, contributing to overall economic wellness.
CCBC's commitment to meaningful personal financial education goes beyond immediate counseling solutions; it aims to foster long-term financial stability and security. This approach not only helps individuals mitigate their financial challenges but also strengthens the broader economic fabric of the community, promoting a culture of financial awareness and responsibility. Through its dedicated services, CCBC significantly impacts the lives of many, paving the way for healthier financial futures.
This information is meant to be a general summary of Consumer Credit And Budget Counseling 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 2022.
- Program Service Revenue: $2,136,673
- Gross Receipts: $2,447,551
Assets and Liabilities:
- Total Assets: $753,183
- Total Liabilities: $564,642
- Net Assets: $188,541
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER COUNSELING CONTR
Revenue
$1,127,906
COUNSELING FEES
Revenue
$1,008,767
Organization Details
Founding Year
1998
Phone
(609) 390-9652Principal Officer
Russell Graves
Main Address
299 S SHORE ROAD US RTE 9, MARMORA, NJ, 08223
Website
www.nfdm.org, www.cc-bc.comNTEE Category
Code: P51 - Human services
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