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Nonprofiteer
← CONSUMER CREDIT COUNSELING SERVICE OF MARYLAND AND DELAWARE INC

Form 990 for tax year 2023

Filed by CONSUMER CREDIT COUNSELING SERVICE OF MARYLAND AND DELAWARE INC.

Totals

Total revenue
$2,517,980
Total expenses
$2,914,328
Contributions and grants received
$2,052,048
Grants paid
$1,026,163
Program service revenue
$331,509
Investment income
$134,423
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$2,468,014
Management and general expenses
$446,311
Fundraising expenses
$0
Program service expenses (Part III)
$2,468,016

Program services were 84.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $1,447,942

  • 1f · All other contributions, gifts and grants

    $604,106

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: CLIENT FEES

    total $184,305 · related or exempt $184,305

  • 2b · Program service revenue: PARTNERSHIPS & WORKSHOPS

    total $147,204 · related or exempt $147,204

  • 3 · Investment income

    total $134,423 · excluded $134,423

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,026,163 · program services $1,026,163

  • 5 · Compensation of officers, directors and key employees

    total $460,715 · program services $395,794 · management and general $64,919

  • 7 · Other salaries and wages

    total $645,953 · program services $554,931 · management and general $91,021

  • 8 · Pension plan contributions

    total $27,900 · program services $22,043 · management and general $5,857

  • 9 · Other employee benefits

    total $83,921 · program services $121,936 · management and general -$38,014

  • 10 · Payroll taxes

    total $77,386 · program services $65,856 · management and general $11,529

  • 11b · Fees: legal

    total $29,035 · management and general $29,035

  • 11c · Fees: accounting

    total $108,051 · management and general $108,051

  • 11f · Fees: investment management

    total $46,198 · program services $46,198 · management and general $46,198 · fundraising $0

  • 11g · Fees: other

    total $31,146 · program services $27,665 · management and general $3,481

  • 12 · Advertising and promotion

    total $11,370 · program services $11,370

  • 13 · Office expenses

    total $68,503 · program services $40,344 · management and general $28,159

  • 14 · Information technology

    total $91,768 · program services $65,528 · management and general $26,240

  • 16 · Occupancy

    total $93,090 · program services $46,773 · management and general $46,317

  • 17 · Travel

    total $6,010 · program services $6,010

  • 22 · Depreciation, depletion and amortization

    total $4,197 · program services $2,099 · management and general $2,098

  • 23 · Insurance

    total $20,096 · program services $9,713 · management and general $10,383

  • 24a · Other expenses: DUES & FEES

    total $43,291 · program services $43,291

  • 24b · Other expenses: LICENSING & ACCREDITATION

    total $7,052 · management and general $7,052

  • 24c · Other expenses: PAYROLL SERVICE CHARGES

    total $8,277 · program services $4,292 · management and general $3,985

  • 24e · All other expenses

    total $24,206 · program services $24,206

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $355,535 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $638,296 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $5,392 · end of year $0

  • 4 · Accounts receivable

    beginning of year $578,872 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,098 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $13,702 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $7,286,790 · end of year $0

  • 15 · Other assets

    beginning of year $319,288 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,014,810 · end of year $0

  • 19 · Deferred revenue

    beginning of year $202,748 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $3,083 · end of year $0

  • 25 · Other liabilities

    beginning of year $310,794 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $7,669,538 · end of year $0

Mission and programs · 2023

Mission

TO IMPROVE THE FINANCIAL LIVES OF THE INDIVIDUALS AND COMMUNITIES WE SERVE.CREDIT COUNSELING SERVICE OF MD & DE, INC. (D/B/A CCCSMD) PROVIDES COMPREHENSIVE FINANCIAL SOLUTIONS TO PEOPLE WHO NEED OR WANT TO IMPROVE THEIR FINANCIAL WELL-BEING. WE ARE RECOGNIZED AS ONE OF THE COUNTRY'S MOST REPUTABLE PROVIDERS OF CREDIT COUNSELING, HOUSING COUNSELING, AND FINANCIAL EDUCATION AND COACHING. THROUGH A HOLISTIC, EDUCATIONAL APPROACH, CCCSMD EMPOWERS CLIENTS TO MAKE INFORMED FINANCIAL DECISIONS THAT WILL HELP THEM ACHIEVE THEIR FINANCIAL GOALS.

Activities or mission (Part I)

TO HELP STABILIZE COMMUNITIES BY CREATING HOPE AND PROMOTING ECONOMIC SELF-SUFFICIENCY.

  • CONSUMER CREDIT COUNSELING SERVICE OF MARYLAND AND DELAWARE, INC., (CCCSMD) IS A NON-PROFIT HOUSING AND CREDIT COUNSELING ORGANIZATION FOUNDED IN 1966 BY A GROUP OF LOCAL BUSINESS LEADERS WHO RECOGNIZED A COMMUNITY NEED FOR FINANCIAL EDUCATION AND COUNSELING. CCCSMD PROVIDES A FULL RANGE OF CREDIT COUNSELING, DEBT MANAGEMENT, COMMUNITY EDUCATION, STUDENT LOAN COUNSELING, CREDIT BUILDING/REBUILDING, HOUSING COUNSELING. OUR CERTIFIED COUNSELORS AND COACHES HELP CONSUMERS UNDERSTAND AND ALLEVIATE FINANCIAL AND HOUSING ISSUES AND GAIN FINANCIAL STABILITY.

    Expenses $2,468,016 · Grants $1,100,431 · Revenue $455,607

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Helene Raynaud

    PRESIDENT, CEO

    Total calculated
    $228,111
    From this org
    $200,102
    From related orgs
    $18,009
    Other
    $10,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,103
    Bonus
    not reported
    Other
    $10,000
    Deferred
    $18,009
    Nontaxable benefits
    not reported
    Filer's total
    $228,112

  • Susan Fitz

    VP, COUNSELING, PROGRAM & COMPLIANCE

    Total calculated
    $121,863
    From this org
    $107,843
    From related orgs
    $0
    Other
    $14,020
    Hours/week
    40

  • Emily Hickox

    VP, MARKETING

    Total calculated
    $110,739
    From this org
    $105,466
    From related orgs
    $0
    Other
    $5,273
    Hours/week
    40

  • Brian Taylor

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • William E Mills III

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Milla Krasnopolsky

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Laurie Benner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Blake Allison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Rahn Barnes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Justin Cousins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Benjamin Lowenthal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Joyce Odongo

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Gail Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah Coffey Bowes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

This return attached Schedule N but itemized no distributions.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202403199349316210

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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