2023-06-05T16:10:58-05:00 2022-12-31 470574775 FRANKEL ZACHARIA LLC 11404 WEST DODGE RD SUITE 700 OMAHA NE 681542576 990 2022-01-01 470751100 CREDIT ADVISORS FOUNDATION CRED 4023933100 1818 SOUTH 72ND STREET OMAHA NE 68124 ELEANOR HOHMAN PRESIDENT 4023933100 2023-05-18 1 ELEANOR HOHMAN 999009999 0 CINDY BRENNEMAN P00328210 4024969100 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELEANOR HOHMAN 1818 SOUTH 72ND STREET OMAHA NE 68124 1896182 0 X WWW.CREDITADVISORS.ORG X 1991 NE OUR MISSION IS TO EMPOWER CONSUMERS TO EFFECTIVELY MANAGE THEIR FINANCES, CREATE ECONOMIC SECURITY, AND REALIZE EQUALITY OF ACCESS AND OPPORTUNITY. 6 5 18 0 0 0 935729 1075919 629962 500615 46465 161098 0 0 1612156 1737632 0 0 0 0 682977 792237 0 0 0 663610 789830 1346587 1582067 265569 155565 5047344 4661984 662019 854263 4385325 3807721 X OUR MISSION IS TO EMPOWER CONSUMERS TO EFFECTIVELY MANAGE THEIR FINANCES, CREATE ECONOMIC SECURITY, AND REALIZE EQUALITY OF ACCESS AND OPPORTUNITY. 0 0 604824 14300 HOUSING- SEE SCHEDULE O 403582 264 EDUCATION- SEE SCHEDULE O 306056 429538 DEBT MANAGEMENT PLANS- SEE SCHEDULE O 189004 56513 BANKRUPTCY COUNSELING AND REPRESENTATIVE PAYEE SERVICES 189004 56513 1503466 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 4023933100 1818 SOUTH 72ND STREET OMAHA NE 68124 ELEANOR HOHMAN EXECUTIVE DIRECTOR 50.00 X X 125000 0 0 ROBERT BUGLEWICZ DIRECTOR 5.00 X 0 0 0 JUDY DAVIS DIRECTOR 5.00 X 0 0 0 DAVE PHILLIPS DIRECTOR 5.00 X 0 0 0 JUAN PICON DIRECTOR 5.00 X 0 0 0 MELISSA PEARSON DIRECTOR 5.00 X 0 0 0 LISA CAMERON SECRETARY 45.00 X 57353 0 0 182353 0 0 1 0 0 0 0 29000 1046919 1075919 DEBT MANAGEMENT 812900 429538 429538 REPRESENTATIVE PAYEE F 812900 30268 30268 BANKRUPTCY COUNSELING 541990 26245 26245 HOUSING 812900 14300 14300 COUNSELING 812900 264 264 500615 41869 41869 277779 158550 119229 119229 119229 1737632 500615 0 161098 182352 171713 10639 509436 479713 29723 19612 18631 981 33297 31632 1665 47540 44212 3328 28150 26179 1971 35070 35070 21019 19627 1392 16419 15599 820 26177 26177 13025 12374 651 11122 11122 47961 45563 2398 21947 20850 1097 COMMUNITY OUTREACH 157329 157329 PROGRAM EXPENSE 149925 149925 DUES & SUBSCRIPTIONS 71770 68181 3589 PERSONNEL DEVELOPMENT 39378 37409 1969 150538 143282 7256 1582067 1503466 78601 0 308558 353798 516668 185489 0 710463 146860 0 8631 17765 1075942 694155 427250 381787 3639377 2976103 0 36579 5047344 4661984 25926 53399 0 94485 636093 706379 662019 854263 X 4385325 3807721 4385325 3807721 5047344 4661984 155565 -733169 0 X X 0 1 X 1 0 X 445935 410680 664874 935729 1075919 3533137 518068 644717 675978 629962 500615 2969340 964003 1055397 1340852 1565691 1576534 6502477 0 0 0 6502477 35999 35891 29431 25883 41869 169073 35999 35891 29431 25883 41869 169073 1000002 1091288 1370283 1591574 1618403 6671550 0.97470 0.97280 0.02530 0.02720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1075942 694155 381787 381787 ACCRUED PAYROLL/TAXES 289921 CLIENT MONEY HELD IN TRUST 229847 EIDL ADVANCE 149900 LEASE LIABILITY 36711 706379 X 969393 -733169 -733169 1702562 35070 35070 1737632 1546997 0 1546997 35070 35070 1582067 PART IV, LINE 2B: CREDIT ADVISORS FOUNDATION CREDIT COUNSELING AND DEBT MANAGEMENT THROUGH ITS VARIOUS ACCOMPLISHMENTS AS OUTLINED IN SCHEDULE O RELATED TO HOUSING, EDUCATION, DEBT MANAGEMENT PLANS, BANKRUPTCY COUNSELING, AND RESPRESENTATIVE PAYEE SERVICES. CREDIT ADVISORS RECEIVES FUNDS FROM CONSUMER'S AND FORWARDS ALONG THOSE PAYMENTS TO THE CONSUMERS CORRESPONDING DEBTORS/CREDITORS ON THEIR BEHALF. THE ESCROW BALANCES AT THE END OF THE MONTH IS $0 FOR DEBT MANAGEMENT CLIENTS. THE CLIENT BALANCE REFLECTED IN PART X IS FOR REPRESENTATIVE PAYEE SERVICES. PART X, LINE 2: THE ORGANIZATION'S STATUS CHANGED AS OF MAY 7, 2010 TO A NONPROFIT ORGANIZATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AND IS CONSIDERED AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THE EFFECTIVE DATE OF THIS CHANGE WAS JANUARY 1, 2009. THE ORGANIZATION'S PREVIOUS FOUNDATION STATUS CLASSIFICATION WAS 509(A)(1). AS OF DECEMBER 31, 2022, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. TAX YEARS SUBSEQUENT TO 2019 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. FORM 990, PART III- ADDITIONAL INFORMATION HOUSING IN 2022, 2,534 CLIENTS AGENCY-WIDE PARTICIPATED IN HOUSING EDUCATION AND/OR HOUSING COUNSELING. UNDER CAF'S HUD MULTI-STATE ORGANIZATION APPROVAL FOR THE STATES OF ARIZONA, IOWA, AND NEBRASKA WE PROVIDE A VARIETY OF HOUSING COUNSELING AND EDUCATION, SUCH AS: FAIR HOUSING PRE-PURCHASE COUNSELING AND EDUCATION, FINANCIAL MANAGEMENT/BUDGET COUNSELING, MORTGAGE DELINQUENCY AND DEFAULT RESOLUTION COUNSELING, RENTAL HOUSING COUNSELING AND TENANCY WORKSHOPS, AND SERVICES FOR HOMELESS COUNSELING. 605 CLIENTS LOCATED IN CAF'S HUD APPROVED GEOGRAPHIC LOCATIONS RECEIVED FULL HOUSING COUNSELING AND EDUCATION SERVICES DURING THE 2022 CALENDAR YEAR. EDUCATION THE FOUNDATION OFFERS CREDIT EDUCATION SERVICES TO THE PUBLIC WHICH INCLUDES CREDIT COUNSELING, BUDGETING SERVICES, ACTION PLANS, PUBLICATIONS AND SPEAKERS. IN 2022, CREDIT ADVISORS FOUNDATION PROVIDED CREDIT COUNSELING TO 5,763 INDIVIDUALS, OF THESE, 2,161 RECEIVED BUDGETS/CREDIT COUNSELING AND ACTION PLANS WHICH INCLUDED DEBT MANAGEMENT PLANS. 3,545 EDUCATION TOPIC SPECIFIC HOT SHEETS WERE DISTRIBUTED. CREDIT ADVISORS FOUNDATION ADDITIONALLY GEARED TOWARD MONEY MANAGEMENT. PUBLICATIONS ARE DELIVERED WITH FOCUSES ON SPENDING, BUDGETING, AND CONSUMER NEWS. ALL OF THESE ARE DISTRIBUTED FREE OF CHARGE. PUBLIC SPEAKERS ARE ALSO AVAILABLE TO GIVE PRESENTATIONS TO VARIOUS GROUPS REQUESTING FINANCIAL EDUCATION. AMONG THESE GROUPS ARE HIGH SCHOOLS, SOCIAL SERVICE AGENCIES, COLLEGES AND COMMUNITY AGENCY PARTNERS. SPEAKERS INSTRUCT THE GROUPS ON A WIDE VARIETY OF CONSUMER TOPICS RELATED TO THE PROPER USE AND MANAGEMENT OF CREDIT. APPROXIMATELY, 30,831 PEOPLE AT 49 PRESENTATIONS BENEFITED FROM THESE SERVICES. FINALLY, OUR WEBSITE IS REGULARLY UPDATED WITH VALUABLE CONSUMER INFORMATION AND ACCESS TO ON-LINE INTERACTIVE Q&A'S. DEBT MANAGEMENT PLANS OF THE 5,763 INDIVIDUALS WE COUNSELED IN 2022, 830 REQUIRED LONG-TERM COMMITMENT TO BUDGETING AND MANAGING DEBT WHICH RESULTED IN A DEBT MANAGEMENT PLAN RECOMMENDATION. FOR THOSE INDIVIDUALS PLACED ON A DEBT MANAGEMENT PLAN, A BUDGET IS CREATED, ARRANGEMENTS ARE MADE WITH CREDITORS, AND THE CLIENT RECEIVES CONTINUOUS EDUCATION THROUGHOUT THE TIME THEY ARE ON THE PLAN. THIS EDUCATION INCLUDES ACCESS TO OUR CLIENT ADVISORS, ATTENDANCE IN OUR SEMINARS, ON-LINE DEBT MANAGEMENT, CONSUMER EDUCATION MODULES, PUBLICATIONS AND COUNSELOR INITIATED COUNSELING THROUGHOUT THE PLAN. BANKRUPTCY COUNSELING THE FOUNDATION IS APPROVED BY THE EXECUTIVE OFFICE OF THE UNITED STATES TRUSTEE TO PROVIDE PRE-BANKRUPTCY COUNSELING AND CERTIFICATION IN PERSON, ON THE PHONE, OR OVER THE INTERNET IN ALL 21 JUDICIAL DISTRICTS, AND ALABAMA AND NORTH CAROLINA, TO CONSUMERS EXPERIENCING FINANCIAL DIFFICULTIES AND CONTEMPLATING BANKRUPTCY. THIS COUNSELING IS PROVIDED FREE OF CHARGE, FOR HARDSHIP CASES OR IN THOSE CASES WHERE THE CLIENT CANNOT AFFORD TO PAY. IN 2022, 1,331 CREDIT COUNSELING CERTIFICATES WERE ISSUED. OF THESE, APPROXIMATELY 95 CLIENTS RECEIVED WAVERS. REPRESENTATIVE PAYEE SERVICES IN 2022 WE PROVIDED THESE SERVICES TO 80 INDIVIDUALS IN CONJUNCTION WITH SOCIAL SECURITY ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD COMPLETES A THOROUGH REVIEW OF FORM 990 AND ALL SCHEDULES PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 12C THE BOARD HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES ALL BOARD MEMBERS TO REVEAL ANY AND ALL CONFLICTS. THIS POLICY IS REVIEWED ANNUALLY. THE COMPANY HAS A VENDOR POLICY WITH REQUIRES REGISTRATION OF ALL MAJOR VENDORS. REGISTRATION REQUIRES ACKNOWLEDGMENT OF ALL RELATIONSHIPS TO BOARD, OFFICERS AND EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEWS OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION INCLUDING COMPENSATION. THEY REVIEW RELEVANT INDUSTRY AND REGIONAL SALARY SURVEYS, COMPENSATION REVIEWS AND OTHER INFORMATION GATHERED THROUGH 3RD PARTIES AND 990'S. IN ADDITION THEY COMPLETE A PERFORMANCE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.