Form 990 for tax year 2024
Filed by CONSUMER EDUCATION AND TRAINING SERVICES.
Totals
- Total revenue
- $303,551
- Total expenses
- $274,185
- Contributions and grants received
- $246,374
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $7,983
- Other revenue
- $49,194
- Total assets, end of year
- $509,218
- Total liabilities, end of year
- $96,295
- Net assets or fund balances, end of year
- $412,923
- Program services expenses (Part IX)
- $183,560
- Management and general expenses
- $90,624
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $183,560
Program services were 66.9% 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
$33,513
-
1e · Government grants (contributions)
$85,000
-
1f · All other contributions, gifts and grants
$127,861
-
3 · Investment income
total $7,983
-
8a · Fundraising events: gross income
$62,784
-
8a · Fundraising events: contributions included on line 1c
$33,513
-
8b · Fundraising events: direct expenses
$13,590
-
8c · Net income from fundraising events
total $49,194
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 $204,541 · program services $164,677 · management and general $47,951
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $8,088
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $14,092 · program services $11,346 · management and general $2,746
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $4,701 · management and general $4,701
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $150 · management and general $150
-
13 · Office expenses
total $1,596 · management and general $1,596
-
14 · Information technology
total $1,080 · management and general $1,080
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $6,642 · management and general $6,642
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,494 · management and general $2,494
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,916 · management and general $2,916
-
23 · Insurance
total $6,105 · management and general $6,105
-
24a · Other expenses: Merchant Chgs
total $5,010 · management and general $5,010
-
24b · Other expenses: Program Expenses
total $7,537 · program services $7,537
-
24c · Other expenses: Payroll processing
total $3,309 · management and general $3,309
-
24d · Other expenses: Auto expenses
total $1,991 · management and general $1,991
-
24e · All other expenses
total $3,933 · management and general $3,933
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $212,149 · end of year $31,331
-
2 · Savings and temporary cash investments
beginning of year $202,022 · end of year $469,011
-
10a · Land, buildings and equipment: cost or other basis
$16,328
-
10b · Land, buildings and equipment: accumulated depreciation
$8,942
-
10c · Land, buildings and equipment, net
beginning of year $10,302 · end of year $7,386
-
15 · Other assets
beginning of year $5,066 · end of year $1,490
-
17 · Accounts payable and accrued expenses
beginning of year $983 · end of year $1,295
-
19 · Deferred revenue
beginning of year $45,000 · end of year $95,000
-
31 · Retained earnings, endowment or other funds
beginning of year $383,556 · end of year $412,923
Mission and programs · 2024
Mission
CENTS is a financial education nonprofit organization with a mission of helping people to improve their financial health. In 1995, CENTS was founded by the Honorable Karen A. Overstreet, the first women bankruptcy judge in the history of Washington, and veteran attorneys and financial professionals. All of CENTS programs are provided free-of-charge
Activities or mission (Part I)
Consumer bankruptcy education
-
DEBT SLAPPED CENTS designed a financial education curriculum to help high school students obtain critical information so they can make informed decisions about postsecondary education or training, The curriculum was used as the centerpiece of the statewide Student Loan Awareness Month SLAM campaign, which received a proclamation from Governor Jay Inslee. In the 2023-24 academic year, CENTS provided 84 Debt Slapped classes accross the state, focusing on areas with higher percentages of Latino/Latina/Latinix students, while enhancing the curriculum. www.debtslapped.org.
Expenses $157,888
-
SENIOR MONEY CENTS partnered with Washington State Attorney General Bob Ferguson to create a project to help senior citizens identify and avoid scams. The project consists of in-person and virtual presentations educational videos articles written for the newsletters of senior citizens and further resources. CENTS wrote six articles and delivered two in-person presentions in 2024. www.seniormoneyproject.org.
Expenses $5,048
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tony Leahy
Executive Director
- Total calculated
- $204,541
- From this org
- $185,000
- From related orgs
- $0
- Other
- $19,541
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $100,000
- Bonus
- $85,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $19,541
- Filer's total
- $204,541
-
Sandra Jones
Director
- Total calculated
- $0
- Hours/week
- 1
-
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
-
Todd Tracy
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Papiez
Director and Secretary
- Total calculated
- $0
- Hours/week
- 2
-
James Zack
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jane Pearson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alicia Thomas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Hilary Mohr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Aditi Paranjpye
Director 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
-
Dan Youngblut
Director Vice President
- Total calculated
- $0
- Hours/week
- 2
-
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
-
Christy Tobin-Presser
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
None.
Answered no
- 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
- 2024
- Filed
- 2 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543069349300609
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