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Nonprofiteer
← CREDIT COUNSELING OF ARKANSAS INC

Form 990 for tax year 2022

Filed by CREDIT COUNSELING OF ARKANSAS INC.

Totals

Total revenue
$1,074,075
Total expenses
$890,339
Contributions and grants received
$704,649
Grants paid
$0
Program service revenue
$331,710
Investment income
$12,816
Other revenue
$24,900
Total assets, end of year
$675,533
Total liabilities, end of year
$280,448
Net assets or fund balances, end of year
$395,085
Program services expenses (Part IX)
$591,691
Management and general expenses
$152,952
Fundraising expenses
$145,696
Program service expenses (Part III)
$591,691

Program services were 66.5% 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.

  • 1e · Government grants (contributions)

    $190,692

  • 1f · All other contributions, gifts and grants

    $513,957

  • 2a · Program service revenue: FEDERAL AND STATE HOUSING

    total $173,287 · related or exempt $173,287

  • 2b · Program service revenue: PROGRAM SERVICE FEES

    total $125,334 · related or exempt $125,334

  • 2c · Program service revenue: PROGRAM INCOME

    total $31,979 · related or exempt $31,979

  • 2d · Program service revenue: OTHER

    total $1,110 · related or exempt $1,110

  • 3 · Investment income

    total $7,945 · excluded $7,945

  • 6a · Gross rents

    real property $24,900

  • 6c · Rental income or loss

    real property $24,900

  • 6d · Net rental income or loss

    total $24,900 · excluded $24,900

  • 7a · Gross sales of assets other than inventory

    securities $7,974

  • 7b · Less cost or other basis and sales expenses

    other assets $3,103

  • 7c · Gain or loss

    securities $7,974 · other assets -$3,103

  • 7d · Net gain or loss

    total $4,871 · excluded $4,871

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $560,289 · program services $369,230 · management and general $102,813 · fundraising $88,246

  • 9 · Other employee benefits

    total $26,790 · program services $17,655 · management and general $4,916 · fundraising $4,219

  • 10 · Payroll taxes

    total $42,306 · program services $27,880 · management and general $7,763 · fundraising $6,663

  • 11g · Fees: other

    total $55,689 · program services $24,189 · fundraising $31,500

  • 13 · Office expenses

    total $7,438 · program services $4,901 · management and general $1,365 · fundraising $1,172

  • 16 · Occupancy

    total $59,866 · program services $38,581 · management and general $12,334 · fundraising $8,951

  • 17 · Travel

    total $268 · program services $268

  • 20 · Interest

    total $2,794 · management and general $2,794

  • 22 · Depreciation, depletion and amortization

    total $15,338 · program services $10,107 · management and general $2,815 · fundraising $2,416

  • 23 · Insurance

    total $9,185 · program services $6,053 · management and general $1,685 · fundraising $1,447

  • 24a · Other expenses: PROFESSIONAL FEES

    total $52,913 · program services $43,063 · management and general $9,850

  • 24b · Other expenses: COMMUNITY OUTREACH

    total $31,066 · program services $31,066

  • 24c · Other expenses: DUES AND MEMBERSHIPS

    total $15,087 · program services $13,153 · management and general $1,934

  • 24d · Other expenses: TELEPHONE

    total $6,469 · program services $4,263 · management and general $1,187 · fundraising $1,019

  • 24e · All other expenses

    total $4,841 · program services $1,282 · management and general $3,496 · fundraising $63

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $169,513 · end of year $184,635

  • 2 · Savings and temporary cash investments

    beginning of year $48,659 · end of year $77,843

  • 4 · Accounts receivable

    end of year $18,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,499 · end of year $3,640

  • 10a · Land, buildings and equipment: cost or other basis

    $60,055

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,268

  • 10c · Land, buildings and equipment, net

    beginning of year $31,809 · end of year $37,787

  • 11 · Investments: publicly traded securities

    beginning of year $303,709 · end of year $328,191

  • 15 · Other assets

    beginning of year $1,378 · end of year $25,237

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,014 · end of year $34,219

  • 19 · Deferred revenue

    end of year $93,750

  • 21 · Escrow or custodial account liability

    beginning of year $48,659 · end of year $77,843

  • 24 · Unsecured notes and loans payable

    beginning of year $130,472

  • 25 · Other liabilities

    beginning of year $52,669 · end of year $74,636

  • 27 · Net assets without donor restrictions

    beginning of year $142,310 · end of year $395,085

  • 28 · Net assets with donor restrictions

    beginning of year $183,443

Mission and programs · 2022

Mission

TO IMPROVE THE QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES THROUGH FINANCIAL EDUCATION, CREDIT AND HOUSING COUNSELING, AND MONEY MANAGEMENT SERVICES.

  • DEBT MANAGEMENT - THE ORGANIZATION WORKS WITH CREDITORS TO CONSOLIDATE DEBT AND ARRANGE BETTER REPAYMENT TERMS. COUNSELING AND EDUCATION - THE ORGANIZATION OFFERS CREDIT REPORT REVIEWS, PRE AND POST-DISCHARGE BANKRUPTCY, AND STUDET LOAN COUNSELING AND EDUCATION AS WELL A BUDGETING COUNSELING SERVICES. HOUSING - THE ORGANIZATION OFFERS FREE PRE-HOME PURCHASE AND MORTGAGE DELINQUENCY COUNSELING. REVERSE MORTAGE COUNSELING IS ALSO AVAILABLE FOR SENIOR CITIZENS FOR A FEE. IN ADDITION, THE ORGANIZATION PROVIDES HOUSING AND FORECLOSURE COUNSELING FOR ELIGIBLE INDIVIDUALS UNDER FEE FOR SERVICE CONTRACTS WITH FEDERAL AND STATE AGENCIES.

    Expenses $591,691 · Revenue $331,710

As filed on the 2022 return.

Listed in Part VII

  • Chad Chance

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cedric Fonville

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Garrard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mauricio Herrera

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tom Jensen

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Blair Johanson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Nancy Leake

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Robards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Craig Shy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keley Simpson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelly Tucker

    BOARD MEMBER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
26 February 2024
IRS schema version
2022v5.0
Source object
202500159349301575

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