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Family Budget Services Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364254969 ✦ Sunrise, FL ✦ Designated as a 501(c)(3)

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Overview

What is Family Budget Services Inc?

Family Budget Services Inc, located in Sunrise, Florida, is a 501(c)3 nonprofit organization dedicated to helping individuals manage their finances effectively. With a team of certified credit counselors, they offer guidance and education to clients struggling with excessive debt. Their mission is to provide tools for sustainable budgeting, proper credit usage, and timely bill payments. By doing so, they aim to empower clients to improve their financial health and practices. Family Budget Services Inc operates with a staff of 10 individuals, demonstrating their commitment to assisting those in need of financial guidance.


Official website here: www.familybudgetservices.org

Is Family Budget Services Inc legitimate?

Family Budget Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Budget Services 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: $185,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,029

For more financial information, click here


Official website here: www.familybudgetservices.org

What is the mission statement of Family Budget Services Inc?

Family Budget Services Inc., as a 501c3 non-profit organization, is dedicated to providing credit counseling services to individuals who have accumulated excessive debt. Their mission, in simple terms, is to assist these individuals in achieving financial stability. The certified counselors at Family Budget Services offer education and guidance to help clients create more sustainable budgets, manage credit effectively, and pay their bills on time. The ultimate goal is to equip clients with the necessary tools to improve their financial management skills and promote financial well-being.


Official website here: www.familybudgetservices.org

Who is the CEO of Family Budget Services Inc?

Richard Meyers is the Ceo of Family Budget Services Inc. The CEO's salary of Family Budget Services Inc is $0 and their total compensation is $185,000.


Official website here: www.familybudgetservices.org

What is the revenue of Family Budget Services Inc?

Family Budget Services Inc's revenue in 2021 was $909,667.


Official website here: www.familybudgetservices.org

Who are the executives of Family Budget Services Inc and what are their salaries?

The average compensation at Family Budget Services Inc during 2021 was $39,303. There are 10 employees at Family Budget Services Inc.


Here are 8 key members and their salaries (Family Budget Services Inc's CEO's salary is $0 and their total compensation is $185,000):


Alan Silverberg (Ceo)
  • Compensation: $0
  • Related: $185,000
  • Other: $0
Paul Henderson (Director, Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Quin Hodges (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Cassano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorenzo Valejo Bryant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Meyers (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Meyers (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Stockdale (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.familybudgetservices.org

Where can I find the form 990 for Family Budget Services Inc?

Family Budget Services Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.familybudgetservices.org

Learn more at the official website: www.familybudgetservices.org

Mission Statement of Family Budget Services Inc

Family Budget Services Inc, as a 501 c 3 non-profit organization, is dedicated to providing credit counseling services for individuals who have fallen into the trap of excessive debt. Their mission is to offer education and guidance to these consumers, helping them to create more sustainable budgets, utilize credit responsibly, and ensure timely payment of monthly bills. The ultimate goal of Family Budget Services Inc is to equip their clients with the necessary tools for better financial management and the promotion of financial well-being. The certified counselors at Family Budget Services Inc work closely with their clients, providing personalized assistance to guide them towards a healthier financial future.

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Impact




October, 2024

Family Budget Services Inc. plays a crucial role in helping individuals and families regain control over their finances and achieve long-term financial stability. Through personalized credit counseling, the organization addresses the challenges faced by those overwhelmed by debt. Their certified credit counselors provide tailored education and resources that empower clients to create sustainable budgets, understand the effective use of credit, and develop strategies for timely bill payments.

By equipping clients with essential financial management tools, Family Budget Services Inc. fosters a greater understanding of budgeting principles and promotes healthier financial habits. This proactive support not only alleviates immediate financial stress for clients but also instills confidence in their ability to navigate future financial challenges. Additionally, the organization's commitment to financial literacy contributes to broader community wellbeing, as improved individual financial health can have positive ripple effects throughout the local economy. Overall, Family Budget Services Inc. is instrumental in transforming lives by paving the way towards sound financial health and independence.




This information is meant to be a general summary of Family Budget Services 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.

Revenue
$909,667 (2021)
Expenses
$910,984 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $839,695
  • Gross Receipts: $909,667

Assets and Liabilities:

  • Total Assets: $134,680
  • Total Liabilities: $186,192
  • Net Assets: -$51,512

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$839,695

Organization Details

Founding Year

2011

Principal Officer

Richard Meyers

Main Address

4820 N HIATUS RD, SUNRISE, FL, 33351

NTEE Category

Code: T70 - Philanthropy

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