← RUSHMORE CONSUMER CREDIT RESOURCE CENTER

Form 990 for tax year 2023

Filed by RUSHMORE CONSUMER CREDIT RESOURCE CENTER.

Totals

Total revenue: $348,125
Total expenses: $353,524
Contributions and grants received: $203,717
Grants paid: $0
Program service revenue: $38,081
Investment income: $5,018
Other revenue: $101,309
Total assets, end of year: $1,126,274
Total liabilities, end of year: $218,742
Net assets or fund balances, end of year: $907,532
Program services expenses (Part IX): $284,673
Management and general expenses: $68,851
Fundraising expenses: $0
Program service expenses (Part III): $284,673

Program services were 80.5% 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.

1a · Federated campaigns

$10,000
1e · Government grants (contributions)

$155,431
1f · All other contributions, gifts and grants

$38,286
2a · Program service revenue: DEBT MANAGEMENT PROGRAM

total $38,081 · related or exempt $38,081
3 · Investment income

total $5,018 · excluded $5,018
6a · Gross rents

real property $16,013
6c · Rental income or loss

real property $16,013
6d · Net rental income or loss

total $16,013 · excluded $16,013
10a · Gross sales of inventory

$95,391
10b · Cost of goods sold

$10,095
10c · Net income from sales of inventory

total $85,296 · related or exempt $85,296

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $82,426 · program services $61,820 · management and general $20,606
7 · Other salaries and wages

total $102,623 · program services $85,299 · management and general $17,324
9 · Other employee benefits

total $10,913 · program services $8,665 · management and general $2,248
10 · Payroll taxes

total $13,766 · program services $10,930 · management and general $2,836
11c · Fees: accounting

total $11,737 · program services $8,551 · management and general $3,186
11g · Fees: other

total $12,473 · program services $12,473
13 · Office expenses

total $13,504 · program services $10,533 · management and general $2,971
16 · Occupancy

total $50,543 · program services $40,358 · management and general $10,185
17 · Travel

total $3,213 · program services $3,213
19 · Conferences, conventions and meetings

total $408 · program services $46 · management and general $362
22 · Depreciation, depletion and amortization

total $24,708 · program services $19,594 · management and general $5,114
23 · Insurance

total $19,326 · program services $15,339 · management and general $3,987
24a · Other expenses: DUES

total $7,030 · program services $7,030
24b · Other expenses: MISCELLANEOUS

total $854 · program services $822 · management and general $32

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $107,364 · end of year $70,504
2 · Savings and temporary cash investments

beginning of year $214,457 · end of year $253,046
3 · Pledges and grants receivable

beginning of year $36,151 · end of year $36,728
4 · Accounts receivable

beginning of year $1,519 · end of year $1,416
8 · Inventories for sale or use

beginning of year $16,442 · end of year $19,463
9 · Prepaid expenses and deferred charges

beginning of year $1,325 · end of year $795
10a · Land, buildings and equipment: cost or other basis

$1,067,781
10b · Land, buildings and equipment: accumulated depreciation

$323,459
10c · Land, buildings and equipment, net

beginning of year $769,030 · end of year $744,322
17 · Accounts payable and accrued expenses

beginning of year $34,102 · end of year $34,499
23 · Secured mortgages and notes payable

beginning of year $192,962 · end of year $184,243
25 · Other liabilities

beginning of year $6,295
27 · Net assets without donor restrictions

beginning of year $907,629 · end of year $898,765
28 · Net assets with donor restrictions

beginning of year $5,300 · end of year $8,767

Mission and programs · 2023

Mission

IMPROVING FINANCIAL STABILITY THROUGH COUNSELING AND EDUCATION. WE SUPPORT THE FINANCIAL WELLNESS OF ALL.

Activities or mission (Part I)

IMPROVING FINANCIAL STABILITY THROUGH EDUCATION FOR A LIFETIME OF FINANCIAL WELL-BEING.

CONSUMER CREDIT COUNSELING SERVICE OF THE BLACK HILLS PROVIDES COMPREHENSIVE FINANCIAL AND HOUSING COUNSELING AT NO CHARGE. HOUSING SERVICES INCLUDE: PRE-PURCHASE HOUSING COUNSELING AND HOMEBUYER EDUCATION, AND LOSS MITIGATION FORECLOSURE PREVENTION COUNSELING. A CERTIFIED CONSUMER CREDIT COUNSELOR MEETS WITH AN INDIVIDUAL OR FAMILY FOR 2 HOURS AND HELPS THEM DEVELOP A PERSONALIZED ACTION PLAN TO OVERCOME THEIR HOUSING AND FINANCIAL OBSTACLES AND OBTAIN AND MAINTAIN SAFE AND AFFORDABLE HOUSING, INCREASE THEIR FINANCIAL STABILITY, AND REACH FINANCIAL GOALS. WE PROVIDED HOUSING AND FINANCIAL COUNSELING FOR 486 HOUSEHOLDS AND DMP CLIENTS. FOR SOME INSOLVENT INDIVIDUALS AND FAMILIES, THE FINANCIAL COUNSELING ASSESSMENT REVEALS THAT A DEBT MANAGEMENT PROGRAMS IS A VIABLE OPTION THAT HELPS THEM MANAGE THEIR FINANCES AND REPAY THEIR DEBTS. OUR DEBT MANAGEMENT CLIENTS REPAID OVER 434,137.50.

Expenses $255,057 · Revenue $38,081
THE AMERICAN CENTER FOR CREDIT EDUCATION DEVELOPS AND PUBLISHES FINANCIAL EDUCATION PROGRAMS INCLUDING CREDIT WHEN CREDIT IS DUE, MAKE YOUR MOVE - A GUIDE TO HOMEOWNERSHIP, MONEY IN MOTION, START RIGHT: BUILD YOUR OWN BUSINESS, REBUILDING YOUR CREDIT, CUT THROUGH THE CONFUSION ON HEALTH INSURANCE AND MEDICAL BILLS, AND TEN STEPS TO BUYING A CAR. WE ALSO DISTRIBUTE THESE PROGRAMS NATIONWIDE TO NON-PROFIT CREDIT AND HOUSING COUNSELING AGENCIES AND COMMUNITY ACTION AGENCIES. WE HAVE DISTRIBUTED 1,843,335 FINANCIAL LITERACY PROGRAMS. LOCALLY, WE PROVIDED OUR FINANCIAL LITERACY PROGRAMS TO OUR CLIENTS, HIGH SCHOOLS, UNIVERSITIES, NON-PROFIT ORGANIZATIONS, THE MILITARY, EMPLOYERS, CORRECTIONAL FACILITIES, JOB TRAINING, RESERVATIONS, GOVERNMENT AGENCIES, AND MORE. IN SOUTH DAKOTA WE PROVIDED FINANCIAL EDUCATION PROGRAMS TO 778 INDIVIDUALS VIA THE CLASSROOM AND 335 ONLINE.

Expenses $29,616 · Revenue $85,296

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

Listed in Part VII

BONNIE SPAIN

EXECUTIVE DI

Total calculated

$82,425

From this org

$78,620

From related orgs

$0

Other

$3,805

Hours/week

40
DEEANN M DIETRICH

CHAIRWOMAN

Total calculated

$0

Hours/week

2
CAROLYN A TEIGEN

VICE CHAIRWO

Total calculated

$0

Hours/week

2
MELISSA K MONTGOMERY

TREASURER

Total calculated

$0

Hours/week

2
KATHERINE D LEE

SECRETARY

Total calculated

$0

Hours/week

2
RICK L BRADY

BOARD MEMBER

Total calculated

$0

Hours/week

1
ELTON J FINCK

BOARD MEMBER

Total calculated

$0

Hours/week

1
CURTIS S JENSEN

BOARD MEMBER

Total calculated

$0

Hours/week

1
RICK S KAHLER

BOARD MEMBER

Total calculated

$0

Hours/week

1
DAPHNE G PEREZ

BOARD MEMBER

Total calculated

$0

Hours/week

1
TINA M RAWSTERN

BOARD MEMBER

Total calculated

$0

Hours/week

1
AMY R THOMPSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
COREY R WEBER

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: 2023
Filed: 31 July 2024
IRS schema version: 2023v5.0
Source object: 202402139349301220

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