2024-10-30T12:59:49-05:00 2023-12-31 521853933 JM&M 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2023-01-01 522196183 INCHARGE INSTITUTE OF AMERICA INC INCH 4072917770 5750 MAJOR BLVD 320 ORLANDO FL 32819 LORETTA RONEY CEO 4072917770 2024-10-29 1 1 TINA PEACHER P01608826 4108840220 2023 2024-10-15 13:58:12Z X LORETTA RONEY 5750 MAJOR BLVD 320 ORLANDO FL 32819 3187949 0 X WWW.INCHARGE.ORG X 1999 DE TO PROVIDE GENERAL AND ADMINISTRATIVE SUPPORT TO AFFILIATED ENTITIES AND PERSONAL FINANCIAL EDUCATIONAL CONTENT TO CONSUMERS ON THE MILITARYMONEY WEBSITE. X 2 1 9 1 0 0 0 0 1246355 449204 -28808 -163217 0 0 1217547 285987 0 0 0 0 806381 295058 0 0 0 403884 3626136 1210265 3921194 7282 -3635207 3595478 0 193513 0 3401965 0 X INCHARGE INSTITUTE OF AMERICA PROVIDES MANAGEMENT SUPPORT SERVICES TO AFFILIATED ENTITIES AND PERSONAL FINANCIAL EDUCATIONAL CONTENT TO CONSUMERS ON THE MILITARYMONEY WEBSITE. 0 0 1193188 449204 CREDIT COUNSELING AND EDUCATION - INCHARGE INSTITUTE OF AMERICA ("ICI") PROVIDES ADMINISTRATIVE SUPPORT TO INCHARGE DEBT SOLUTIONS ("IDS") IN THE AREA OF CREDIT COUNSELING AND EDUCATION. THIS PROGRAM ASSISTS CONSUMERS IN MANAGING THEIR PERSONAL FINANCES THROUGH THE PROVISION OF SOLUTIONS-BASED CREDIT COUNSELING, BUDGET PLANNING AND FINANCIAL EDUCATIONAL MATERIALS. SOLUTIONS-BASED COUNSELING IS DESIGNED TO FIND THE RIGHT SOLUTION FOR EACH DEBT DISTRESSED CONSUMER. OVER 70,000 FINANCIALLY DISTRESSED INDIVIDUALS RECEIVED CREDIT COUNSELING, AND FINANCIAL EDUCATIONAL MATERIALS DURING 2023. FINANCIAL EDUCATIONAL MATERIALS ASSIST CONSUMERS IN ACQUIRING AND IMPROVING MONEY MANAGEMENT SKILLS AND MANAGING CREDIT. CREDIT COUNSELING SERVICES ARE OFFERED IN PERSON FOR INDIVIDUALS RESIDING IN THE CENTRAL FLORIDA AREA, AND NATIONALLY OVER THE TELEPHONE AND THROUGH THE INTERNET. 397729 DEBT MANAGEMENT - ICI PROVIDES ADMINISTRATIVE SUPPORT TO IDS IN THE AREA OF DEBT MANAGEMENT SERVICES. IDS OFFERS DEBT MANAGEMENT PROGRAMS TO ASSIST CONSUMERS IN PAYING OFF THEIR UNSECURED DEBTS AND TO BETTER MANAGE THEIR FINANCIAL OBLIGATIONS IN THE FUTURE. IDS PROCESSES DEBT PAYMENTS, ATTEMPTS TO SECURE A REDUCTION IN INTEREST RATES, AND ATTEMPTS TO ESTABLISH AFFORDABLE MONTHLY PAYMENTS ON THE CLIENTS' BEHALF. CLIENTS ARE PROVIDED INITIAL AND CONTINUING EDUCATIONAL ASSISTANCE THROUGH FINANCIAL EDUCATIONAL MATERIALS AND GUIDANCE IN FINANCIAL MATTERS AS DETERMINED BY THEIR NEEDS. 55859 EDUCATIONAL PROGRAM DEVELOPMENT/OUTREACH - ICI PROVIDED ADMINISTRATIVE SUPPORT SERVICES TO INCHARGE EDUCATION FOUNDATION (THE "FOUNDATION") WHOSE MISSION IS TO PROVIDE EDUCATIONAL MATERIALS, PROGRAMS, AND OUTREACH SERVICES FOR IDS FINANCIALLY DISTRESSED INDIVIDUALS AND FAMILIES. THE FOUNDATION FULFILLS THIS MISSION BY PUBLISHING WEBSITE ARTICLES, NEWSLETTERS, ONLINE COURSES, INTERACTIVE TOOLS, AND WORKSHOPS THAT PROVIDE INFORMATION ABOUT MONEY MANAGEMENT, PERSONAL FINANCE AND THE RESPONSIBLE USE OF CREDIT. THE FOUNDATION, IN CONJUNCTION WITH IDS, ALSO CONDUCTS FREE FINANCIAL LITERACY WORKSHOPS AND HOMEBUYER EDUCATION CLASSES FOR THE GENERAL PUBLIC. 37970 HOUSING COUNSELING AND EDUCATION - ICI PROVIDES ADMINISTRATIVE SUPPORT TO IDS IN THE AREA OF HOUSING COUNSELING AND EDUCATION SERVICES. IDS IS A LOCAL U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") APPROVED AGENCY IN THE STATE OF FLORIDA AND A MEMBER OF THE NATIONAL FOUNDATION FOR CREDIT COUNSELING ("NFCC"), WHICH ENABLES IDS TO SERVE CONSUMERS ON A NATIONWIDE BASIS. HOUSING COUNSELING SERVICES INCLUDE FORECLOSURE PREVENTION, HOMEBUYER EDUCATION AND PRE-PURCHASE HOMEBUYER COUNSELING. FORECLOSURE PREVENTION IS DESIGNED TO PROVIDE EXISTING BORROWERS WITH INFORMATION AND ASSISTANCE NEEDED TO AVOID FORECLOSURE. PROGRAM HIGHLIGHTS INCLUDE BUDGET PLANNING, EVALUATION OF ELIGIBILITY FOR LOAN MODIFICATION, ASSESSMENT OF ABILITY TO SUSTAIN HOME OWNERSHIP AND ALTERNATIVE HOUSING OPTIONS. HOMEBUYER EDUCATION IS DESIGNED TO BETTER PREPARE POTENTIAL HOMEOWNERS FOR HOMEOWNERSHIP. PARTICIPANTS EXAMINE THEIR HOUSING NEEDS, ANALYZE THEIR FINANCIAL SITUATION AND LEARN STRATEGIES TO IMPROVE FINANCIAL MANAGEMENT IN AN EFFORT TO BETTER PREPARE FOR HOMEOWNERSHIP. PARTICIPANTS ALSO LEARN HOW TO SHOP FOR A HOME, OBTAIN A MORTGAGE AND PREPARE FOR LIFE AS A HOMEOWNER. PRE-PURCHASE HOMEBUYER COUNSELING, A PERSONAL ONE-ON-ONE SESSION, IS OFFERED TO PROVIDE EDUCATION AND TIPS TO ASSIST POTENTIAL HOMEBUYERS IN IMPROVING FINANCIAL MANAGEMENT SKILLS AND UNDERSTANDING ALTERNATIVE SOURCES OF FUNDING AND MORTGAGE OPTIONS. 31949 BANKRUPTCY COUNSELING/DEBTOR EDUCATION - ICI PROVIDED ADMINISTRATIVE SUPPORT TO IDS IN THE AREA OF BANKRUPTCY COUNSELING AND DEBTOR EDUCATION SERVICES. BANKRUPTCY LEGISLATION ENACTED BY CONGRESS IN 2005 REQUIRES INDIVIDUALS FILING FOR BANKRUPTCY TO COMPLETE A BANKRUPTCY CREDIT COUNSELING SESSION PRIOR TO FILING, AND AN INSTRUCTIONAL COURSE IN PERSONAL FINANCIAL MANAGEMENT (DEBTOR EDUCATION) PRIOR TO RECEIVING A BANKRUPTCY DISCHARGE. TO OFFER CONVENIENT, ON-DEMAND ACCESS TO THIS REQUIRED CONTENT, IDS PROVIDES INTERACTIVE WEB-BASED AND TELEPHONIC BANKRUPTCY CREDIT COUNSELING AND WEB-BASED DEBTOR EDUCATION PROGRAMS. BOTH PROGRAMS ISSUE CERTIFICATES TO INDIVIDUALS WHO COMPLETE EACH PROGRAM AS REQUIRED BY THE TITLE 11 BANKRUPTCY CODE. 69919 1716695 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 5 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X SEIJI SHIRAISHI 4072917770 5750 MAJOR BLVD 320 ORLANDO FL 32819 RICHARD ANDERSON TRUSTEE 1.00 1.00 X 0 0 0 ETTA W MONEY PRESIDENT/CEO UNTIL MAY 1.00 49.00 X X 0 214007 25206 SEIJI SHIRAISHI DIR. OF ACCOUNTING AND FINANCE 11.00 34.00 X 35219 104554 29251 WILLIAM MALSEED SECRETARY/TREASURER UNTIL MAY 1.00 44.00 X 0 129815 10387 LORETTA RONEY PRESIDENT & CEO AS OF JUNE 1.00 49.00 X 0 224219 9006 35219 672595 73850 0 0 1 0 0 SUPPORT SERVICE INCOME 900099 449204 449204 449204 18354 18354 2720391 2901962 -181571 -181571 -181571 285987 449204 0 -163217 72318 69869 2449 186119 179815 6304 20675 19975 700 15946 15406 540 6849 6095 754 15402 15402 20516 19821 695 10481 10126 355 14487 13996 491 5232 5055 177 1500 1449 51 3440808 1252579 2188229 24688 23852 836 54243 52406 1837 RECRUIT. & RELOCATION 27940 26994 946 EDUCATION 1780 1720 60 MISCELLANEOUS 1750 1691 59 OTHER PROGRAM SERVICES 315 304 11 145 140 5 3921194 1716695 2204499 0 419146 0 535028 0 0 351690 0 0 0 0 0 232943 0 0 227970 0 1790632 0 0 0 0 38069 0 3595478 0 171912 0 21601 0 193513 0 X 3401965 0 3401965 0 3595478 0 -3635207 233242 0 X 0 0 0 X X 1 INCHARGE DEBT SOLUTIONS 330770440 7 1 449204 0 1 449204 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SCHEDULE A, PAGE 5, SECTION D, PART IV, LINE 3: THE SUPPORTED ORGANIZATION'S (INCHARGE DEBT SOLUTIONS) OFFICERS ARE THE SAME INDIVIDUALS AS THE SUPPORTING ORGANIZATION'S (INCHARGE INSTITUTE OF AMERICA) OFFICERS. ACCORDINGLY, THE ESTABLISHMENT AND MONITORING OF INVESTMENT POLICIES AND DIRECTION PROVIDED AS TO THE USE OF INCOME AND ASSETS OF THE SUPPORTING ORGANIZATION ARE UNDER COMMON CONTROL. SCHEDULE A, PAGE 5, SECTION E, PART IV, LINE 2A: THE FILING ORGANIZATION'S FUNCTIONAL AREAS (E.G. ACCOUNTING/FINANCE, FACILITIES, AND HUMAN RESOURCES) PROVIDE GENERAL AND ADMINISTRATIVE "BACK-END" SUPPORT TO THE SUPPORTED ORGANIZATION (INCHARGE DEBT SOLUTIONS). WITHOUT THESE ESSENTIAL SERVICES, THE SUPPORTED ORGANIZATION WOULD NOT BE ABLE TO FUNCTION AND CARRY OUT ITS MISSION. THERE WERE NO OTHER ACTIVITIES CONDUCTED BY THE FILING ORGANIZATION. SCHEDULE A, PAGE 5, SECTION E, PART IV, LINE 2B: THE GENERAL AND ADMINISTRATIVE SUPPORTING ACTIVITIES MENTIONED ABOVE PROVIDED BY INCHARGE INSTITUTE TO INCHARGE DEBT SOLUTIONS ARE ESSENTIAL TO ONGOING ACTIVITIES. IF NOT PROVIDED BY INCHARGE INSTITUTE, INCHARGE DEBT SOLUTIONS WOULD HAVE TO STAFF AND PROVIDE THE SERVICES. 0 1 0 0 0 0 0 1 0 ETTA W MONEY PRESIDENT/CEO UNTIL MAY 0 176507 0 35000 0 2500 0 17786 0 7420 0 239213 0 0 LORETTA RONEY PRESIDENT & CEO AS OF JUNE 0 220719 0 0 0 3500 0 3365 0 5641 0 233225 0 0 SEIJI SHIRAISHI DIR. OF ACCOUNTING AND FINANCE 35219 101554 0 0 0 3000 0 6361 0 22890 35219 133805 0 0 PART I, LINE 4B THE ORGANIZATION HAS A TAX-EXEMPT 457(B) DEFERRED COMPENSATION PLAN FOR CERTAIN KEY EXECUTIVES. A PORTION OF THE PARTICIPATING EXECUTIVES' COMPENSATION IS DEFERRED. PER IRS REQUIREMENTS, ALL PLAN AMOUNTS MUST BE SUBJECT TO THE CLAIMS OF IDS' CREDITORS, AND AS SUCH, A DEFERRED COMPENSATION ASSET AND CORRESPONDING DEFERRED LIABILITY ARE INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. DURING 2023, PARTICIPANTS IN THE PLAN INCLUDED ETTA W. MONEY AND WILLIAM R. MALSEED. INCLUDED IN SCHEDULE J, COLUMN (C) ARE AMOUNTS DEFERRED DURING 2023 AND EARNINGS ON AMOUNTS DEFERRED. PART I, LINE 7 THE NON-FIXED PAYMENTS REPRESENT NOMINAL AMOUNTS GRANTED BY THE BOARD OF TRUSTEES IN RECOGNITION OF ANNUAL GOAL ACHIEVEMENTS AS SPECIFIED IN THE STRATEGIC PLAN. PART I, QUESTION 3: A SEPARATE BOARD APPOINTED COMPENSATION COMMITTEE OF INCHARGE DEBT SOLUTIONS DETERMINES THE SALARY OF THE OFFICERS OF INCHARGE INSTITUTE OF AMERICA ON AN ANNUAL BASIS. SALARY COMPARABILITY DATA AND PERFORMANCE IS REVIEWED AS THE BASIS FOR OFFICER COMPENSATION ANNUALLY. ON A REGULAR BASIS, AN INDEPENDENT COMPENSATION CONSULTANT MAY BE USED TO PERFORM A COMPENSATION SURVEY OR STUDY. KEY EMPLOYEES MAY RECEIVE SALARY INCREASES BASED ON AN EVALUATION OF PERFORMANCE. PERIODICALLY, KEY EMPLOYEES' SALARIES ARE COMPARED TO MARKET DATA. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN FEBRUARY OF 2023. CASH TRANSFER 2023-08-31 123216 ACTUAL VALUE 200152720 INCHARGE EDUCATION FOUNDATION INC 5750 MAJOR BLVD SUITE 310 ORLANDO FL 32819 501(C)(3) UNUSED GRANT FUNDS 2023-08-31 1285000 COST 330770440 INCHARGE DEBT SOLUTIONS 5750 MAJOR BLVD SUITE 300 ORLANDO FL 32819 501(C)(3) INVESTMENTS 2023-08-31 479287 FAIR MARKET VALUE 200152720 INCHARGE EDUCATION FOUNDATION INC 5750 MAJOR BLVD SUITE 310 ORLANDO FL 32819 501(C)(3) FIXED ASSETS 2023-08-31 29377 FAIR MARKET VALUE 200152720 INCHARGE EDUCATION FOUNDATION INC 5750 MAJOR BLVD SUITE 310 ORLANDO FL 32819 501(C)(3) WEBSITE 2023-08-31 173694 FAIR MARKET VALUE 200152720 INCHARGE EDUCATION FOUNDATION INC 5750 MAJOR BLVD SUITE 310 ORLANDO FL 32819 501(C)(3) DEPOSITS 2023-08-31 38069 ACTUAL AMOUNT 200152720 INCHARGE EDUCATION FOUNDATION INC 5750 MAJOR BLVD SUITE 310 ORLANDO FL 32819 501(C)(3) 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES, THE DIRECTOR OF ACCOUNTING AND FINANCE, THE PRESIDENT AND THE AUDIT COMMITEE OF INCHARGE DEBT SOLUTIONS REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON A CONFLICT OF INTEREST FORM THAT IS COMPLETED ANNUALLY. POTENTIAL CONFLICTS ARE TO BE REPORTED TO THE ORGANIZATION AS SOON AS KNOWN. FOLLOW UP IS PERFORMED TO ENSURE ALL CONFLICT OF INTEREST FORMS ARE RECEIVED. ALL NOTED ITEMS ON CONFLICT OF INTEREST FORMS RECEIVED FROM OTHER THAN TRUSTEES ARE INVESTIGATED BEFORE PROVIDING THE FORMS TO THE GOVERNANCE COMMITTEE. NOTED ITEMS ON CONFLICT OF INTEREST FORMS RECEIVED FROM TRUSTEES ARE INVESTIGATED BY THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 A SEPARATE BOARD APPOINTED COMPENSATION COMMITTEE OF INCHARGE DEBT SOLUTIONS DETERMINES THE SALARY OF THE OFFICERS OF INCHARGE INSTITUTE OF AMERICA ON AN ANNUAL BASIS. SALARY COMPARABILITY DATA AND PERFORMANCE IS REVIEWED AS THE BASIS FOR OFFICER COMPENSATION ANNUALLY. ON A REGULAR BASIS, AN INDEPENDENT COMPENSATION CONSULTANT MAY BE USED TO PERFORM A COMPENSATION SURVEY OR STUDY. KEY EMPLOYEES MAY RECEIVE SALARY INCREASES BASED ON AN EVALUATION OF PERFORMANCE. PERIODICALLY, KEY EMPLOYEES' SALARIES ARE COMPARED TO MARKET DATA. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN FEBRUARY 2023. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AS VALID REQUESTS ARE RECEIVED. INCHARGE DEBT SOLUTIONS 5750 MAJOR BLVD SUITE 300 ORLANDO FL 32819 330770440 FINANCIAL COUNSELING NV 501(C)(3) LINE 7 N/A 0 INCHARGE EDUCATION FOUNDATION INC 5750 MAJOR BLVD SUITE 310 ORLANDO FL 32819 200152720 DEVELOP FINANCIAL EDUCATIONAL MATERIALS AND RESOURCES DE 501(C)(3) LINE 12C, III-FI N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 1