Overview
What is Cricket Debt Counseling Inc?
Cricket Debt Counseling Inc., a nonprofit organization situated in Portland, Oregon, specializes in pre-bankruptcy budget and credit counseling. Approved by the U.S. Trustees Office, this organization serves individuals nationwide, complying with the Bankruptcy Code. In 2022, Cricket provided 27,017 counseling sessions, demonstrating its significant role in this field. As a tax-exempt corporation under Section 501(C)(3) of the Internal Revenue Code, its mission is to equip individuals with necessary budget and credit counseling before filing bankruptcy and promote financial literacy, aiming to restore personal responsibility and integrity in the bankruptcy system. With a team of 15 dedicated professionals, Cricket Debt Counseling Inc. strives to support individuals in managing their finances effectively.
Official website here: www.cricketdebt.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Cricket Debt Counseling Inc has earned an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization boasts a fully independent Board of Directors, which is essential for governance and oversight. It also has effective policies in place regarding conflicts of interest and whistleblower protections, which are crucial for maintaining trust and transparency.
Despite its strengths, there are areas for improvement, particularly in its program expense ratio, which stands at 57.95%. This suggests that a significant portion of its expenses may be allocated to administrative costs rather than direct services. Additionally, while the organization demonstrates good practices in financial oversight, the program expenses could be more effectively aligned with its mission to enhance community support.
Overall, Cricket Debt Counseling Inc shows a commitment to responsible governance and transparency, but stakeholders may want to consider its program efficiency in relation to its mission when evaluating its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cricket Debt Counseling Inc legitimate?
Cricket Debt Counseling Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cricket Debt 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: $357,447
Professional Fundraising Fees: $0
Other Salaries and Wages: $438,361
For more financial information, click here
Official website here: www.cricketdebt.com
What is the mission statement of Cricket Debt Counseling Inc?
Cricket Debt Counseling Inc, as a tax-exempt nonprofit organization under Section 501(C)(3) of the Internal Revenue Code, is committed to providing essential budget and credit counseling services before individuals file for bankruptcy. Their mission is to promote financial literacy and restore personal responsibility and integrity within the bankruptcy system. They strive to educate individuals about financial management, aiming to prevent financial distress and the need for bankruptcy.
Official website here: www.cricketdebt.com
Who is the CEO of Cricket Debt Counseling Inc?
John Petshow is the Board Member of Cricket Debt Counseling Inc.
Official website here: www.cricketdebt.com
What is the revenue of Cricket Debt Counseling Inc?
Cricket Debt Counseling Inc's revenue in 2022 was $1,102,019.
Official website here: www.cricketdebt.com
Who are the executives of Cricket Debt Counseling Inc and what are their salaries?
The average compensation at Cricket Debt Counseling Inc during 2022 was $53,054. There are 15 employees and 4 volunteers at Cricket Debt Counseling Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $750
- Other: $0
- Compensation: $0
- Related: $1,125
- Other: $250
- Compensation: $0
- Related: $0
- Other: $1,000
- Compensation: $0
- Related: $31,000
- Other: $0
- Compensation: $0
- Related: $34,958
- Other: $0
- Compensation: $175,052
- Related: $0
- Other: $23,916
- Compensation: $150,155
- Related: $0
- Other: $5,574
Official website here: www.cricketdebt.com
Where can I find the form 990 for Cricket Debt Counseling Inc?
Cricket Debt Counseling Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cricketdebt.com
Learn more at the official website: www.cricketdebt.com
Mission Statement of Cricket Debt Counseling Inc
Cricket Debt Counseling Inc, as a tax-exempt nonprofit corporation under Section 501(C)(3) of the Internal Revenue Code, is dedicated to providing essential budget and credit counseling services. This organization's mission is to promote financial literacy, serving as a crucial step for individuals before filing bankruptcy. By offering these services, Cricket Debt Counseling Inc aims to restore personal responsibility and integrity within the bankruptcy system. This nonprofit corporation strives to contribute positively to the financial well-being of its clients, setting them on a path towards financial stability.
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Impact
July, 2024
Cricket Debt Counseling Inc's impact lies in providing pre-bankruptcy budget and credit counseling to individuals across the United States. Approved by the U.S. Trustees Office, Cricket is one of the largest providers of these services, having conducted 27,017 counseling sessions in 2022. By offering essential financial education before individuals file for bankruptcy, Cricket aims to promote financial literacy and restore personal responsibility and integrity in the bankruptcy system. Their mission is focused on empowering individuals to make informed financial decisions and rebuild their financial well-being.
This information is meant to be a general summary of Cricket Debt 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.
- Investment Income: $55,506
- Program Service Revenue: $945,463
- Gross Receipts: $1,159,911
Assets and Liabilities:
- Total Assets: $3,459,684
- Total Liabilities: $186,856
- Net Assets: $3,272,828
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COUNSELING SERVICES
Revenue
$509,852
CONTRACTED SERVICES
Revenue
$381,011
INCOME FROM SOLID STAR
Revenue
$54,600
Organization Details
Founding Year
2005
Phone
(503) 353-0400Principal Officer
John Petshow
Main Address
219 SW STARK ST 200, PORTLAND, OR, 97204
Website
www.cricketdebt.comNTEE Category
Code: P51 - Human services
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