Form 990 for tax year 2022
Filed by CONSUMER EDUCATION AND TRAINING SERVICES.
Totals
- Total revenue
- $253,952
- Total expenses
- $220,927
- Contributions and grants received
- $214,289
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $31
- Other revenue
- $39,632
- Total assets, end of year
- $325,804
- Total liabilities, end of year
- $26,728
- Net assets or fund balances, end of year
- $299,076
- Program services expenses (Part IX)
- $165,738
- Management and general expenses
- $55,189
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $165,738
Program services were 75.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$44,034
-
1e · Government grants (contributions)
$102,000
-
1f · All other contributions, gifts and grants
$68,255
-
3 · Investment income
total $31
-
8a · Fundraising events: gross income
$52,269
-
8a · Fundraising events: contributions included on line 1c
$44,034
-
8b · Fundraising events: direct expenses
$12,637
-
8c · Net income from fundraising events
total $39,632
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $172,482 · program services $150,565 · management and general $21,917
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $11,335 · management and general $11,335
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $350 · management and general $350
-
10 · Payroll taxes
total $13,441 · program services $11,733 · management and general $1,708
-
11a · Fees: management
total $3,082 · management and general $3,082
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $3,440 · program services $3,440
-
12 · Advertising and promotion
total $333 · management and general $333
-
13 · Office expenses
total $2,159 · management and general $2,159
-
14 · Information technology
total $392 · management and general $392
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $5,251 · management and general $5,251
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $436 · management and general $436
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $4,157 · management and general $4,157
-
24a · Other expenses: Merchant Chgs
total $2,638 · management and general $2,638
-
24b · Other expenses: Website costs
total $992 · management and general $992
-
24e · All other expenses
total $439 · management and general $439
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $150,715 · end of year $200,123
-
2 · Savings and temporary cash investments
beginning of year $125,404 · end of year $125,416
-
15 · Other assets
beginning of year $436 · end of year $265
-
17 · Accounts payable and accrued expenses
beginning of year $504 · end of year $728
-
19 · Deferred revenue
end of year $16,000
-
24 · Unsecured notes and loans payable
beginning of year $10,000 · end of year $10,000
-
31 · Retained earnings, endowment or other funds
beginning of year $266,051 · end of year $299,076
Mission and programs · 2022
Mission
CENTS empowers people to improve their financial health by developing educational and legal resources to help them prevent or overcome financial challenges.
Activities or mission (Part I)
Consumer bankruptcy education
-
DEBT SLAPPED Debt Slapped helps high school students obtain critical information so they can make informed decisions about their postsecondary education. CENTS main focus for 2022 was to embark on a Diversity, Equity and Inclusion outreach tour focusing on schools with higher populations of Black, Indigenous and People of Color BIPOC students schools with higher percentages of students eligible for free or reduced lunches and schools in different regions of Washington. CENTS held 108 presentations statewide for students and 15 trainings for educators, reaching over 1,200 students and 80 teachers. The program is effective and well received by both teachers and students. By comparing the pre-assessment tests to the post-assessment tests, students are making significant gains in the knowledge they learn from the presentations. Over 90 of students mark in their evaluations the would recommend our program to a friend.
Expenses $89,391
-
SENIOR MONEY Senior Money was originally developed with Washington Attorney Bob Ferguson and it helps senior citizens identify and avoid scams. CENTS has pivoted to providing remote presentations at senior centers across Washington and contributing articles to their newsletters. In 2022, CENTS wrote eight monthly articles for the newsletters of several senior centers.
Expenses $6,434
-
DEBT SLAPPED FOR PARENTS also known as DONT GET DEBT FOR PARENTS/PLANNING FOR HIGHER EDUCATION FOR FAMILIES CENTS partnered with the WA529 to promote CENTS free resource to help parents of K-12 students plan for their childrens future higher education. The program consists of an Activity Workbook, Resource Guide and video. In 2022, CENTS updated the written materials and enhanced its video which will further help parents strategize and plan.
Expenses $13,445
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tony Leahy
Executive Director
- Total calculated
- $155,000
- From this org
- $155,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $90,000
- Bonus
- $65,000
- Other
- not reported
- Deferred
- $20,500
- Nontaxable benefits
- not reported
- Filer's total
- $175,500
-
Sandra Jones
President
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer Aspaas
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Neu
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian Free
Director
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Huelsman
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Kaplan
Director
- Total calculated
- $0
- Hours/week
- 1
-
William Malaier
Director
- Total calculated
- $0
- Hours/week
- 1
-
Hugh McCullough
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Morton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Todd Tracy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christian Weinmann
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michelle Kaplan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Garrett Sloan
Director
- Total calculated
- $0
- Hours/week
- 1
-
James Zack
President
- Total calculated
- $0
- Hours/week
- 2
-
Anthony Neupert
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Alicia Thomas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Hilary Mohr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Aditi Paranjpye
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Vincente Barraza
Director
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Buford
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kern Gillette
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Dan Hagen
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ella Vincent
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dan Youngblut
Director
- Total calculated
- $0
- Hours/week
- 1
-
Latife Neu
Director
- Total calculated
- $0
- Hours/week
- 1
-
Will Corbit
Director
- Total calculated
- $0
- Hours/week
- 1
-
Fayre Rasch
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mallory Satre
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349309701
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