Overview
What is Consumer Credit Counseling Service Of Western North Carolina Inc?
Consumer Credit Counseling Service of Western North Carolina Inc, commonly known as OnTrack Financial Education & Counseling, is a nonprofit organization based in Asheville, North Carolina. Their primary focus lies in financial assistance, offering face-to-face counseling and group education to help clients manage budgeting, credit, student loans, and debt. They utilize a holistic approach, guiding clients towards their financial and housing goals. The organization's services include the Women's Financial Empowerment Center, a free tax preparation program, and the SECURE initiative to build emergency funds for low-income households. Certified counselors from the National Foundation for Credit Counseling lead these programs, aiming to help individuals overcome financial crises, afford necessities, enhance money management skills, and make responsible financial decisions based on their values. With a team of 17 dedicated professionals, OnTrack Financial Education & Counseling extends a helping hand to those seeking financial stability.
Official website here: www.ontrackwnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Consumer Credit Counseling Service of Western North Carolina Inc has received an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. With a perfect score in the Accountability & Finance category, the organization demonstrates robust governance practices, including having an entirely independent board and rigorous oversight through an Audit and Oversight Committee.
The nonprofit's financial management is highlighted by a low liabilities to assets ratio of 29.36%, showcasing its stability. Additionally, an impressive 81.79% of its expenses are allocated to programs, reflecting a strong focus on its mission rather than administrative costs. The presence of comprehensive policies such as conflict of interest, whistleblower protections, and proper document retention further enhances its credibility.
Overall, while the organization excels in financial practices and governance, it is essential for potential donors and beneficiaries to consider the broader impact and effectiveness of its programs beyond the financial metrics provided. The high ratings serve as a testament to their operational integrity, but ongoing evaluation of program outcomes is crucial for a complete understanding of their effectiveness in aiding consumers.
This AI summary has been generated from information found on Charity Navigator.
Is Consumer Credit Counseling Service Of Western North Carolina Inc legitimate?
Consumer Credit Counseling Service Of Western North Carolina Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consumer Credit Counseling Service Of Western North Carolina 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: $186,197
Professional Fundraising Fees: $0
Other Salaries and Wages: $611,462
For more financial information, click here
Official website here: www.ontrackwnc.org
What is the mission statement of Consumer Credit Counseling Service Of Western North Carolina Inc?
The Consumer Credit Counseling Service of Western North Carolina Inc, often referred to as OnTrack WNC, assists individuals in achieving their financial and housing goals. Through personalized counseling and educational sessions, they help individuals overcome financial crises, manage their basic needs, enhance their money management skills, and make prudent financial decisions aligned with their values. Their Credit and Money Management program offers face-to-face counseling, group education, and supportive accountability, focusing on budgeting, credit, student loans, and debt management plans. The Women's Financial Empowerment Center, Free Tax Preparation Program, and SECURE program for building emergency funds for low-income households are also part of their services, aiming to guide clients towards financial stability and success.
Official website here: www.ontrackwnc.org
What is the revenue of Consumer Credit Counseling Service Of Western North Carolina Inc?
Consumer Credit Counseling Service Of Western North Carolina Inc's revenue in 2024 was $1,288,005.
Official website here: www.ontrackwnc.org
Who are the executives of Consumer Credit Counseling Service Of Western North Carolina Inc and what are their salaries?
The average compensation at Consumer Credit Counseling Service Of Western North Carolina Inc during 2024 was $46,921. There are 17 employees and 48 volunteers at Consumer Credit Counseling Service Of Western North Carolina Inc.
Here are 20 key members and their salaries:
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Official website here: www.ontrackwnc.org
Where can I find the form 990 for Consumer Credit Counseling Service Of Western North Carolina Inc?
Consumer Credit Counseling Service Of Western North Carolina Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ontrackwnc.org
Learn more at the official website: www.ontrackwnc.org
Mission Statement of Consumer Credit Counseling Service Of Western North Carolina Inc
Consumer Credit Counseling Service of Western North Carolina Inc, often referred to as OnTrack WNC, is dedicated to helping individuals achieve their financial and housing goals. Through its financial education, counseling, and support services, OnTrack WNC empowers people to overcome financial crises, afford basic necessities, enhance their money management skills, and make financially sound decisions grounded in their values.
The organization's Credit and Money Management program is a key component of its mission. This program comprises one-on-one counseling sessions and group education, focusing on budgeting, credit management, student loans, and debt management plans. OnTrack WNC's approach, known as Financial Capabilities, guides clients towards their financial and housing objectives by providing them with essential information, action plan development, and supportive accountability. The counselors, who are certified by the National Foundation for Credit Counseling, contribute significantly to this process.
In addition to the Credit and Money Management program, OnTrack WNC operates the Women's Financial Empowerment Center, the Free Tax Preparation Program, and the SECURE program. These subsidiary services aim to build emergency funds for low-income households, offer women-specific financial education, and provide free tax preparation assistance, respectively. By taking a holistic approach to financial well-being, OnTrack WNC has established itself as an invaluable resource for individuals seeking to improve their financial literacy and stability.
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Impact
July, 2024
Consumer Credit Counseling Service Of Western North Carolina Inc, operating as OnTrack WNC, has a significant impact on the community by helping individuals achieve their money and housing goals through financial education, counseling, and support services. By offering face-to-face counseling and group education programs focused on budgeting, credit management, student loans, and debt management plans, they empower clients to improve their financial literacy and make sound financial decisions aligned with their values. Additionally, their Financial Capabilities approach provides clients with personalized action plans, information, and support to move towards their financial goals effectively.
Furthermore, the organization's Women's Financial Empowerment Center, Free Tax Preparation Program, and the SECURE program aimed at building emergency funds for low-income households further contribute to improving the financial well-being of individuals in Western North Carolina. Through the dedicated efforts of certified counselors and comprehensive programs, OnTrack WNC plays a vital role in helping individuals overcome financial crises, afford basic needs, and develop essential money management skills.
This information is meant to be a general summary of Consumer Credit Counseling Service Of Western North Carolina 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 2024.
- Investment Income: $15,708
- Program Service Revenue: $156,041
- Gross Receipts: $1,304,609
Assets and Liabilities:
- Total Assets: $2,015,987
- Total Liabilities: $949,061
- Net Assets: $1,066,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Debt Management Fees
Revenue
$9,489
Counseling Fees
Revenue
$6,200
Group Education Fees
Revenue
$6,182
Credit Reports
Revenue
$3,922
Employer Assistance and Training Programs
Revenue
$130,248
Organization Details
Founding Year
1973
Principal Officer
Roger Slagle
Website
www.ontrackwnc.orgNTEE Category
Code: P51 - Human services
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