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Breaking Chains Inc

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

EIN: 450558933 ✦ Beachwood, OH ✦ Designated as a 501(c)(3)

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Overview

What is Breaking Chains Inc?

Breaking Chains Inc is a nonprofit organization committed to educating its clients on debt management. Their primary service involves debt counseling, aiming to help individuals comprehend their financial obligations and learn effective strategies to manage their debt. Alongside this, Breaking Chains Inc empowers its clients to establish and maintain a good credit rating. This organization's mission is to equip people with the necessary knowledge and skills to manage their debts responsibly and improve their financial well-being.


Official website here: www.breakingchainsinc.org

Is Breaking Chains Inc legitimate?

Breaking Chains Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Breaking Chains Inc submitted a form 990EZ, 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.


Official website here: www.breakingchainsinc.org

What is the mission statement of Breaking Chains Inc?

Breaking Chains Inc's mission is centered around educating its clients on managing debt effectively. The primary goal is to help individuals understand their financial obligations and learn strategies to maintain a good credit rating. Through its debt counseling services, Breaking Chains Inc empowers clients with the necessary knowledge to manage their debts effectively. The organization's mission is to equip clients with the tools they need to maintain financial stability and secure a better future. By offering debt counseling, Breaking Chains Inc aims to contribute to improving the financial well-being of its clients.


Official website here: www.breakingchainsinc.org

Who is the CEO of Breaking Chains Inc?

Jacqueline F Huggins Jones is the Executive Director of Breaking Chains Inc.


Official website here: www.breakingchainsinc.org

What is the revenue of Breaking Chains Inc?

Breaking Chains Inc's revenue in 2022 was $82,715.


Official website here: www.breakingchainsinc.org

Who are the executives of Breaking Chains Inc and what are their salaries?


Here are 5 key members and their salaries:


Jacqueline F Huggins Jones (Executive Director)
  • Compensation: $16,513
  • Related: $0
  • Other: $0
Deborah Campbell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James W Jones (Director Of Community Engagement)
  • Compensation: $12,920
  • Related: $0
  • Other: $0
Rev Chelton Flagan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Britton (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.breakingchainsinc.org

Where can I find the form 990EZ for Breaking Chains Inc?

Breaking Chains Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.breakingchainsinc.org

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

Mission Statement of Breaking Chains Inc

Breaking Chains Inc, a nonprofit organization, is dedicated to educating its clients about managing debt and maintaining a good credit ranking. Through its debt counseling services, Breaking Chains Inc aims to enlighten its clients on the intricacies of debt management and the importance of preserving a good credit score. The organization's mission is to empower its clients by equipping them with the necessary knowledge and skills to manage their debts effectively. This not only includes understanding the debt landscape but also learning how to maintain a positive credit standing post-counseling. Breaking Chains Inc's mission is a vital resource for individuals seeking to regain financial control and stability.

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Impact




October, 2024

Breaking Chains Inc significantly empowers individuals in Beachwood, OH, by providing essential education and resources for effective debt management. Their comprehensive counseling services equip clients with the knowledge to understand their debt, develop strategies for managing it, and maintain a healthy credit rating. This proactive approach not only helps individuals regain control of their financial situations but also fosters long-term financial literacy, allowing them to make informed decisions for a more secure future. The impact of Breaking Chains Inc extends beyond immediate debt relief, promoting financial stability and resilience within the community.




This information is meant to be a general summary of Breaking Chains 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
$82,715 (2022)
Expenses
$99,887 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $82,715

Assets and Liabilities:

  • Total Assets: $197,527
  • Total Liabilities: $6,810
  • Net Assets: $190,717

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Organization Details

Principal Officer

Jacqueline F Huggins Jones

Main Address

23300 CHAGRIN BLVD STE 201, Beachwood, OH, 44122

NTEE Category

Code: P20 - Human services

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