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Nonprofiteer
← MONEY MANAGEMENT INTERNATIONAL INC

Form 990 for tax year 2022

Filed by MONEY MANAGEMENT INTERNATIONAL INC.

Totals

Total revenue
$37,250,721
Total expenses
$39,688,089
Contributions and grants received
$13,348,518
Grants paid
$0
Program service revenue
$23,448,084
Investment income
$391,230
Other revenue
$62,889
Total assets, end of year
$39,941,484
Total liabilities, end of year
$13,157,994
Net assets or fund balances, end of year
$26,783,490
Program services expenses (Part IX)
$34,218,796
Management and general expenses
$5,052,063
Fundraising expenses
$417,230
Program service expenses (Part III)
$34,218,796

Program services were 86.2% 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)

    $6,121,441

  • 1f · All other contributions, gifts and grants

    $7,227,077

  • 2a · Program service revenue: BUDGET AND DEBT COUNSELING

    total $15,253,657 · related or exempt $15,253,657

  • 2b · Program service revenue: HOUSING COUNSELING

    total $6,498,281 · related or exempt $6,498,281

  • 2c · Program service revenue: AGENCY SUPPORT SERVICES

    total $964,021 · related or exempt $964,021

  • 2d · Program service revenue: BANKRUPTCY COUNSELING

    total $729,328 · related or exempt $729,328

  • 2e · Program service revenue: STUDENT SERVICES

    total $2,797 · related or exempt $2,797

  • 3 · Investment income

    total $432,564 · excluded $432,564

  • 7a · Gross sales of assets other than inventory

    securities $5,711,838 · other assets $10,400

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

    securities $5,762,289 · other assets $1,283

  • 7c · Gain or loss

    securities -$50,451 · other assets $9,117

  • 7d · Net gain or loss

    total -$41,334 · excluded -$41,334

  • 11a · Other revenue: MISCELLANEOUS

    total $62,889 · excluded $62,889

  • 11e · Other revenue, total

    $62,889

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,283,059 · program services $423,465 · management and general $1,622,988 · fundraising $236,606

  • 7 · Other salaries and wages

    total $18,109,831 · program services $17,940,005 · management and general $156,654 · fundraising $13,172

  • 8 · Pension plan contributions

    total $342,599 · program services $342,599

  • 9 · Other employee benefits

    total $3,241,512 · program services $3,060,465 · management and general $167,282 · fundraising $13,765

  • 10 · Payroll taxes

    total $1,514,408 · program services $1,393,412 · management and general $104,860 · fundraising $16,136

  • 11b · Fees: legal

    total $697,589 · program services $456,973 · management and general $225,278 · fundraising $15,338

  • 11c · Fees: accounting

    total $51,752 · program services $33,901 · management and general $16,713 · fundraising $1,138

  • 11f · Fees: investment management

    total $124,248 · management and general $124,248

  • 11g · Fees: other

    total $3,163,685 · program services $2,072,450 · management and general $1,021,674 · fundraising $69,561

  • 12 · Advertising and promotion

    total $2,000,469 · program services $1,591,413 · management and general $386,742 · fundraising $22,314

  • 13 · Office expenses

    total $923,168 · program services $874,740 · management and general $47,033 · fundraising $1,395

  • 14 · Information technology

    total $111,998 · program services $78,612 · management and general $33,386

  • 16 · Occupancy

    total $746,606 · program services $678,896 · management and general $64,820 · fundraising $2,890

  • 17 · Travel

    total $193,074 · program services $136,245 · management and general $50,747 · fundraising $6,082

  • 19 · Conferences, conventions and meetings

    total $411,399 · program services $290,309 · management and general $108,131 · fundraising $12,959

  • 20 · Interest

    total $17,266 · program services $8,551 · management and general $8,715

  • 22 · Depreciation, depletion and amortization

    total $2,451,859 · program services $2,323,221 · management and general $127,445 · fundraising $1,193

  • 23 · Insurance

    total $419,382 · management and general $419,382

  • 24a · Other expenses: EQUIPMENT RENTAL & MAIN

    total $1,768,853 · program services $1,675,590 · management and general $93,252 · fundraising $11

  • 24b · Other expenses: DIRECT COST OF REVENUE

    total $470,631 · program services $470,631

  • 24c · Other expenses: BANK CHARGES

    total $276,525 · program services $267,700 · management and general $8,825

  • 24d · Other expenses: LICENSES & TAXES

    total $186,663 · program services $14,263 · management and general $172,400

  • 24e · All other expenses

    total $181,513 · program services $85,355 · management and general $91,488 · fundraising $4,670

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,293,427 · end of year $4,070,704

  • 4 · Accounts receivable

    beginning of year $3,253,407 · end of year $4,585,646

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,038,929 · end of year $694,637

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

    $24,280,737

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

    $20,552,838

  • 10c · Land, buildings and equipment, net

    beginning of year $5,620,005 · end of year $3,727,899

  • 11 · Investments: publicly traded securities

    beginning of year $28,214,406 · end of year $19,840,715

  • 15 · Other assets

    beginning of year $8,421,451 · end of year $7,021,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,413,810 · end of year $4,000,372

  • 19 · Deferred revenue

    beginning of year $3,614,620 · end of year $2,420,769

  • 21 · Escrow or custodial account liability

    beginning of year $8,181,332 · end of year $6,169,019

  • 25 · Other liabilities

    beginning of year $0 · end of year $567,834

  • 27 · Net assets without donor restrictions

    beginning of year $33,540,774 · end of year $26,681,876

  • 28 · Net assets with donor restrictions

    beginning of year $91,089 · end of year $101,614

Mission and programs · 2022

Mission

TO IMPROVE LIVES THROUGH FINANCIAL EDUCATION.

Activities or mission (Part I)

WE STRIVE TO BENEFIT THE COMMUNITY BY PROVIDING EXCEPTIONAL FINANCIAL EDUCATION AND COUNSELING PROGRAMS INCLUDING CREDIT, HOUSING, AND BANKRUPTCY COUNSELING.

  • CREDIT COUNSELING AND DEBT MANAGEMENT - SEE SCHEDULE O.

    Expenses $19,321,662 · Revenue $15,253,657

  • HOUSING COUNSELING AND EDUCATION - SEE SCHEDULE O.

    Expenses $13,086,704 · Revenue $6,498,281

  • SINCE 2005, MMI HAS BEEN APPROVED TO PROVIDE PRE-FILING BANKRUPTCY COUNSELING AND ISSUE COUNSELING CERTIFICATES IN COMPLIANCE WITH THE BANKRUPTCY CODE. MMI IS ALSO APPROVED TO DELIVER PRE-DISCHARGE BANKRUPTCY EDUCATION SERVICES ALONG WITH THE CERTIFICATE OF PARTICIPATION THAT ALLOWS THE CONSUMER TO PROCEED WITH THE BANKRUPTCY DISCHARGE PROCESS. IN 2022, MMI PROVIDED MORE THAN 500 COUNSELING SESSIONS FOR CONSUMERS PRIOR TO THEIR FILING FOR BANKRUPTCY AND 200 CONSUMERS PARTICIPATED IN PRE-DISCHARGE EDUCATION PROGRAMS.

    Expenses $291,691 · Revenue $729,328

  • OTHER PROGRAMS - SEE SCHEDULE O

    Expenses $1,518,739 · Revenue $966,818

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Triggs

    PRESIDENT & CEO

    Total calculated
    $441,400
    From this org
    $416,007
    From related orgs
    $0
    Other
    $25,393
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $310,000
    Bonus
    $80,000
    Other
    $26,007
    Deferred
    $6,777
    Nontaxable benefits
    $18,616
    Filer's total
    $441,400

  • Douglas Durnin

    AUDIT CHAIR (TERM END 12/22)

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Karen Ancillai

    BOARD RESOURCES CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Greg McBride

    COMPENSATION & INVESTMENT CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Elizabeth Hotze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • William A Pupo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Manuel Mario Perdomo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Anne-Marie Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jerry Nemorin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lyle Lansdell

    CHIEF FINANCIAL OFFICER/TR

    Total calculated
    $365,316
    From this org
    $337,170
    From related orgs
    $0
    Other
    $28,146
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $265,000
    Bonus
    $50,000
    Other
    $22,170
    Deferred
    $8,550
    Nontaxable benefits
    $19,596
    Filer's total
    $365,316

  • Michelle Jones

    CHIEF EXTERNAL AFFAIRS OFF

    Total calculated
    $342,590
    From this org
    $304,646
    From related orgs
    $0
    Other
    $37,944
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $235,000
    Bonus
    $50,000
    Other
    $19,646
    Deferred
    $8,550
    Nontaxable benefits
    $29,394
    Filer's total
    $342,590

  • Zynda Sellers

    CHIEF COMPLIANCE OFFICER/S

    Total calculated
    $286,261
    From this org
    $259,048
    From related orgs
    $0
    Other
    $27,213
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $50,100
    Other
    $18,948
    Deferred
    $7,617
    Nontaxable benefits
    $19,596
    Filer's total
    $286,261

  • Daniel Levine

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $283,712
    From this org
    $251,032
    From related orgs
    $0
    Other
    $32,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $50,050
    Other
    $25,982
    Deferred
    $6,309
    Nontaxable benefits
    $26,371
    Filer's total
    $283,712

  • Thomas De Poy

    SR. VICE PRESIDENT, INDUSTRY RELATIONS

    Total calculated
    $216,498
    From this org
    $210,550
    From related orgs
    $0
    Other
    $5,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,000
    Bonus
    $25,550
    Other
    $0
    Deferred
    $5,948
    Nontaxable benefits
    $0
    Filer's total
    $216,498

  • Jaime E Payne

    VICE PRESIDENT OPERATIONS

    Total calculated
    $182,115
    From this org
    $179,700
    From related orgs
    $0
    Other
    $2,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $29,700
    Other
    $0
    Deferred
    $2,415
    Nontaxable benefits
    $0
    Filer's total
    $182,115

  • Christopher Fontenot

    VICE PRESIDENT, INFORMATION T

    Total calculated
    $165,167
    From this org
    $160,346
    From related orgs
    $0
    Other
    $4,821
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,346
    Bonus
    $10,000
    Other
    $0
    Deferred
    $4,821
    Nontaxable benefits
    $0
    Filer's total
    $165,167

  • Chris T Ray

    VICE PRESIDENT, MARKETING

    Total calculated
    $153,564
    From this org
    $149,082
    From related orgs
    $0
    Other
    $4,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,402
    Bonus
    $8,680
    Other
    $0
    Deferred
    $4,482
    Nontaxable benefits
    $0
    Filer's total
    $153,564

  • Chelsea Louise Taylor

    SR. VICE PRESIDENT, HUMAN RESOURCES

    Total calculated
    $145,355
    From this org
    $143,259
    From related orgs
    $0
    Other
    $2,096
    Hours/week
    40

  • Tyra Turnquest

    SR. DIRECTOR, INFORMATION TECHNOLOGY

    Total calculated
    $146,474
    From this org
    $142,450
    From related orgs
    $0
    Other
    $4,024
    Hours/week
    40

  • Matthew Kirk Mueller

    DIRECTOR, INFORMATION TECHNOLOGY

    Total calculated
    $145,665
    From this org
    $141,665
    From related orgs
    $0
    Other
    $4,000
    Hours/week
    40

  • Navitha Vasu

    MANAGER, INFORMATION TECHNOLOGY

    Total calculated
    $140,737
    From this org
    $138,901
    From related orgs
    $0
    Other
    $1,836
    Hours/week
    40

  • Anthony Scataglia End 1021

    FORMER CHIEF OPERATING OFFICER

    Total calculated
    $161,152
    From this org
    $146,455
    From related orgs
    $0
    Other
    $14,697
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $146,455
    Deferred
    $0
    Nontaxable benefits
    $14,697
    Filer's total
    $161,152

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 1A
MMI PAID COUNTRY CLUB DUES FOR JIM TRIGGS, THE PRESIDENT & CEO. MMI PAID FOR COMPANION TRAVEL OF WILLIAM PUPO AND MANNY PERDOMO FOR THE BOD MEETINGS.
PART I, LINE 4A
DURING CALENDAR YEAR 2022, THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS. ANTHONY SCATAGLIA - $146,455

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MMI HOUSING LLC

    REAL ESTATE · DE · income $0 · assets $0

    Directly controlled by MONEY MANAGEMENT INTERNATIONAL INC

  • MMI SEMINOLE RIDGE INVESTMENT LLC

    REAL ESTATE · DE · income $0 · assets $0

    Directly controlled by MONEY MANAGEMENT INTERNATIONAL INC

Provenance

Return type
form_990
Tax year
2022
Filed
17 July 2023
IRS schema version
2022v5.0
Source object
202301989349302045

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