2024-11-05T15:41:15-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 530132493 NATIONAL FOUNDATION FOR CREDIT COUNSELING INC NATI 2026774314 2033 K STREET NW 425 WASHINGTON DC 20006 MICHAEL CROXSON CEO 2026774314 2024-11-05 1 1 ROBERT WILLIAMS P01345960 5712279500 2024-11-05 2023 2024-10-15 13:58:12Z MICHAEL CROXSON 2033 K STREET NW 425 WASHINGTON DC 20006 10066434 0 X WWW.NFCC.ORG X 1970 DC SEE SCHEDULE OTHE NFCC AND ITS MEMBERS OFFER PEOPLE SOLUTIONS AND SUPPORT TO ADDRESS FINANCIAL CHALLENGES AND TAKE CHARGE OF THEIR OWN FINANCIAL FUTURES. 16 16 37 17 0 0 6069586 5396039 3578094 4327336 861 -59882 0 0 9648541 9663493 2850782 3336321 0 0 3434424 3054746 0 0 188303 3699199 4591539 9984405 10982606 -335864 -1319113 9402187 7689049 4061843 3606156 5340344 4082893 X SEE SCHEDULE O 0 1 4755461 2708021 4327336 HOUSING COUNSELING: DEVELOP AND MAINTAIN PARTNERSHIPS WITH COALITION OF HUD INTERMEDIARIES, INCLUDING MORTGAGE LENDERS AND SERVICERS, TO HELP MEMBERS ASSIST CONSUMERS WITH PRE-HOME OWNERSHIP (PRE-PURCHASE) COUNSELING, POST-PURCHASE COUSENLING TO HELP ENSURE THAT NEW OWNERS CAN REMAIN IN THEIR HOMES, EVICTION (FOR RENTERS) AND FORECLOSURE PREVENTION 3101076 4160 0 MEMBERSHIP SUPPORT: FOSTER MEMBER COMMUNICATIONS; HOLD MEMBER MEETINGS AND ANNUAL CONFERENCE; PROVIDE COUNSELOR CERTIFICATION; PROVIDE A PATH TO ASSISTANCE FOR CONSUMERS VIA THE CONSUMER'S PREFERRED METHOD (CURRENTLY PHONE AND ONLINE FORM, WHILE BUILDING-OUT VIDEO AND DIGITAL ENTRY OPTIONS). MAINTAIN RELATIONSHIPS WITH CREDIT-GRANTING ORGANIZATIONS TO SUPPORT CLIENTS AND MEMBER ORGANIZATIONS, BUILD AWARENESS FOR MISSION THROUGH MEDIA OUTREACH. 607256 363265 0 GENERAL FINANCIAL EDUCATION: DEVELOP AND SUPPORT FINANCIAL EDUCATION FOR CONSUMERS; DEVELOP PARTNERSHIPS WITH OTHER ORGANIZATIONS TO ADDRESS THE NEED FOR PERSONAL FINANCIAL LITERACY. NFCC MEMBER AGENCIES HAVE HELPED 35 MILLION PEOPLE SINCE 2006. 363461 260875 0 363461 260875 8827254 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 35 0 1 37 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MATTHEW RIBE 2026774337 2033 K STREET NW SUITE 425 WASHINGTON DC 20006 DEBBIE BIANUCCI CHAIR 1.00 X X 0 0 0 GENGER CHARLES VICE CHAIR 1.00 X X 0 0 0 JIM TRIGGS SECRETARY 1.00 X X 0 0 0 JAY DESMARTEAU TREASURER 1.00 X X 0 0 0 GLORIA BANKS TRUSTEE 1.00 X 0 0 0 CHRISTOPHER CAMAIONE-LIND TRUSTEE 1.00 X 0 0 0 DUANE ELMER TRUSTEE 1.00 X 0 0 0 JILL FELDMAN TRUSTEE 1.00 X 0 0 0 SARAH GOLDFRANK TRUSTEE 1.00 X 0 0 0 MICHAEL GROSSBERG TRUSTEE 1.00 X 0 0 0 ELEANOR HOHMAN TRUSTEE 1.00 X 0 0 0 GEORGE JANAS TRUSTEE 1.00 X 0 0 0 SCOTT LAUGHLIN TRUSTEE - UNTIL 8/2023 1.00 X 0 0 0 HELENE RAYNAUD TRUSTEE 1.00 X 0 0 0 FAISAL UDDIN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER VIALE TRUSTEE 1.00 X 0 0 0 GARY VOLLMER TRUSTEE 1.00 X 0 0 0 MICHAEL CROXSON CEO 50.00 X 374668 0 154529 JEFFREY FAULKNER - UNTIL 52023 CFO, HEAD OF FUNDRAISING & RESEARCH 50.00 X 217687 0 11630 JENNIFER LANDIS PIZI COO 50.00 X 352872 0 82634 BRUCE MCCLARY SVP, MEDIA RELATIONS & MEMBERSHIP 50.00 X 136119 0 20356 ELLEN GOURY VP, FINANCE & HR 50.00 X 166475 0 38103 MATTHEW RIBE GENERAL COUNSEL 50.00 X 161625 0 47621 JESSICA BLAIS SVP, MARKETING 50.00 X 131980 0 15715 HERMOND PALMER VP, OUTREACH & INCLUSION 50.00 X 169710 0 25388 1711136 0 395976 10 0 1 0 CHERYL OVERTON COMMUNICATIONS LLC 135 LAFAYETTE AVENUE 4 BROOKLYN NY 11238 MARKETING 499998 FRONTLINE MANAGED SERVICES 701 EMERSON STREET SUITE 400 ST LOUIS MO 63141 INFORMATION TECHNOLOGY 348369 FINREGLAB INC 900 19TH STREET SUITE 600 WASHINGTON DC 20006 INDUSTRY STUDIES 197569 SULZER DESIGN GROUP 12191 W LINEBAUGH AVE 751 TAMPA FL 33626 MARKETING 162000 CLOUD TO GROUND SOLUTIONS LLC 3535 TARRYTOWN ROAD BROOKFIELD WI 53005 BUSINESS DEVELOPMENT 156000 7 2426810 2969229 5396039 NATIONAL LOCATOR LINE 900099 2629248 2629248 MEMBERSHIP DUES 900099 1194611 1194611 COUNSELOR FEES 900099 224690 224690 SPONSORSHIPS AND EXHIBIT FEES 900099 222500 222500 OTHER PROGRAM SERVICES 900099 56287 56287 4327336 55122 55122 287937 402941 -115004 -115004 -115004 9663493 4327336 0 -59882 3336321 3336321 1005894 367731 594624 43539 92147 92147 1499641 980564 497365 21712 91838 59281 31128 1429 178137 105132 69470 3535 187089 104702 77806 4581 76641 29516 47125 49647 19120 30527 679816 387789 186468 105559 2102139 2102139 165203 98233 66970 796728 670500 126228 188624 105562 78444 4618 275301 202814 72437 50 133974 74977 55717 3280 COMMUNICATIONS 103847 75988 27859 TRAINING 19619 14738 4881 10982606 8827254 1967049 188303 5104850 638488 1749298 991449 219539 277644 56154 95750 769206 514141 458820 255065 3799578 1813526 1631075 9402187 7689049 596180 577549 1469303 1119761 43175 1953185 1908846 4061843 3606156 X 1473672 1695139 3866672 2387754 5340344 4082893 9402187 7689049 -1319113 61662 0 X 0 1 X 1 1 1 X 7403084 7148015 6336184 6069586 5396039 32352908 7403084 7148015 6336184 6069586 5396039 32352908 11385144 20967764 14994 3301 1897 861 55122 76175 5741 2421 2618 10780 32439863 17987108 0.64640 0.62070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 5,741. 2020 AMOUNT: $ 2,421. 2021 AMOUNT: $ 2,618. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10399 10399 10972207 10982606 699130 174783 0 0 583209 618481 649220 699130 2550040 3825060 180653 1010 10612 10399 202674 145802 154620 162305 174783 637510 956265 1010 1010 85524 18141 67383 71687 24596 47091 611995 471404 140591 255065 RIGHT OF USE ASSET 1512771 DEFERRED COMPENSATION INVESTMENT 118304 1631075 LEASE LIABILITY 1790542 DEFERRED COMPENSATION 118304 1908846 X 9725155 61662 61662 9663493 0 9663493 10982606 0 10982606 0 10982606 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A TAX LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. IT IS THE FOUNDATION'S POLICY TO RECOGNIZE INTEREST AND /OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INCOME TAX OR INTEREST EXPENSE. AS OF DECEMBER 31, 2023 AND 2022, THE FOUNDATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. 1 MONEY MANAGEMENT INTERNATIONAL 12603 SOUTHWEST FREEWAY STAFFORD TX 77477 541837741 501(C)(3) 451068 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING SPRINGBOARD NONPROFIT CONSUMER CREDIT MANAGEMENT INC 1450 IOWA AVENUE SUITE 200 RIVERSIDE CA 92507 330656671 501(C)(3) 294880 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING GARDEN STATE CONSUMER CREDIT COUNSELING INC 200 US HIGHWAY 9 MANALAPAN NJ 07726 223120920 501(C)(3) 271231 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY SERVICE ASSOCIATION 1930 N 8TH ST SHEBOYGAN WI 53081 390808501 501(C)(3) 191999 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CREDIT ADVISORS FOUNDATION 1818 S 72ND ST OMAHA NC 68124 470751100 501(C)(3) 163209 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION 600 UNIVERSITY ST SEATTLE WA 98101 911163554 501(C)(3) 158822 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING GREENPATH INC 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 386142925 501(C)(3) 132832 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING INCHARGE DEBT SOLUTION 5750 MAJOR BLVD ORLANDO FL 32819 330770440 501(C)(3) 128562 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER EDUCATION SERVICES INC 3700 BARRETT DR RALEIGH NC 27609 562106758 501(C)(3) 121775 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CAMBRIDGE CREDIT COUNSELING CORP 67 HUNT ST AGAWA MA 01001 043337726 501(C)(3) 121559 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING TAKE CHARGE AMERICA 20430 N 19TH AVENUE SUITE 155 PHOENIX AZ 85027 860593598 501(C)(3) 118936 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER DEBT COUNSELORS INC 831 W MORSE BLVD WINTER PARK FL 32789 593548266 501(C)(3) 106784 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF THE SAVANNAH AREA INC 7505 WATERS AVE PARK S SAVANNAH GA 31406 580958705 501(C)(3) 90390 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CCCS DELAWARE VALLEY 1635 MARKET STREET PHILADELPHIA PA 19103 231671903 501(C)(3) 86235 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CCCS CENTRAL OHIO 690 TAYLOR RD COLUMBUS OH 43213 310731111 501(C)(3) 77735 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING PARACHUTE CREDIT COUNSELING INC 40 GARDENVILLE PKWY WEST SENECA NY 14224 160909583 501(C)(3) 70989 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CCCS ROCHESTER 1050 UNIVERSITY AVE STE A ROCHESTER NY 14607 160972260 501(C)(3) 69133 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FINANCIAL PATHWAYS OF THE PIEDMONT 7820 N POINT BLVD WINSTONSALEM NC 27106 561015074 501(C)(3) 61231 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF NORTHERN ILLINOIS INC 13707 W JACKSON ST NO B WOODSTOCK IL 60098 363185383 501(C)(3) 60635 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY COUNSELING CENTER OF MOBILE 705 OAK CIR DR EAST MOBILE AL 36609 630388685 501(C)(3) 58218 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING OF SPRINGFIELD MISSOURI INC 151 S GLENSTONE SPRINGFIELD MO 65804 431483251 501(C)(3) 52113 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CCCS MID-OHIO VALLEY 2715 MURDOCH AVE PARKERSBURG WV 26102 237124716 501(C)(3) 51330 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY SERVICES OF THE PIEDMONT 902 BONNER DRIVE JAMESTOWN NC 27282 562061741 501(C)(3) 46729 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING HOUSING AND CREDIT COUNSELING INC 1195 S W BUCHANAN TOPEKA KS 66604 480822466 501(C)(3) 36444 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CCCS OF PUERTO RICO 1607 PONCE DELEON SAN JAUN PR 00909 660471799 501(C)(3) 35383 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING TENFOLD 308 E KING ST LANCASTER PA 17602 231731792 501(C)(3) 34962 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING AMERICAN CONSUMER CREDIT COUNSELING 130 RUMFORD AVE AUBURNDALE MA 02466 043166982 501(C)(3) 33374 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING ADVANTAGE CREDIT COUNSELING SERVICE INC 2403 SIDNEY ST STE 225 PITTSBURGH PA 15203 251201741 501(C)(3) 27224 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF WESTERN NORTH CAROLINA INC 50 S FRENCH BROAD AVE ASHEVILL NC 28801 561056077 501(C)(3) 23384 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING JC VISION AND ASSOCIATES INC 135 E M L KING JR DR HINESVILLE GA 31313 582525433 501(C)(3) 21290 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY FOUNDATIONS OF NORTHEAST FLORIDA INC 40 E ADAMS ST JACKSONVILLE FL 32202 590768265 501(C)(3) 17208 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING TRIANGLE FAMILY SERVICES 3937 WESTERN BLVD RALEIGH NC 27606 560547491 501(C)(3) 15433 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF SOUTHERN OREGON INC 820 CRATER LAKE AVE MEDFORD OR 97504 930585893 501(C)(3) 15280 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CREDIT COUNSELING OF ARKANSAS 1111 ZION RD FAYETTEVILLE AR 72703 710772094 501(C)(3) 13527 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING LUTHERAN SOCIAL SERVICE OF MINNESOTA 424 W SUPERIOR ST DULUTH MN 55108 410872993 501(C)(3) 10068 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING GOODWILL INDUSTRIES OF NORTH CENTRAL WISCONSIN 1800 APPLETON ROAD MENASHA WI 54952 391144913 501(C)(3) 8686 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSOLIDATED CREDIT SOLUTIONS 5701 W SUNRISE BLVD 100 FORT LAUDERDALE FL 33313 592261789 501(C)(3) 8250 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF MARYLAND AND DELAWARE 6315 HILLSIDE CT STE B COLUMBIA MD 21046 520846275 501(C)(3) 7284 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING HOMEOWNERSHIP CENTER OF GREATER DAYTON 130 W SECOND STREET DAYTON OH 45402 364500925 501(C)(3) 7254 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY CREDIT MANAGEMENT 111 N WABASH CHICAGO IL 60602 364060853 501(C)(3) 7125 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING 40 0 PART I, LINE 2: THE NFCC PERFORMS PERIODIC COMPLIANCE REVIEWS OF THE SUPPORTING DOCUMENTATION FOR THE FUNDS USED AND TAKES APPROPRIATE CORRECTIVE ACTION IF USAGE DOES NOT COMPLY WITH THE GRANT REQUIREMENTS. X X X X X 0 0 0 0 0 0 0 1 0 MICHAEL CROXSON CEO 374668 0 0 0 0 0 137925 0 16604 0 529197 0 0 0 JENNIFER LANDIS PIZI COO 252872 0 100000 0 0 0 75352 0 7282 0 435506 0 0 0 JEFFREY FAULKNER - UNTIL 52023 CFO, HEAD OF FUNDRAISING & RESEARCH 93657 0 124030 0 0 0 5817 0 5813 0 229317 0 0 0 MATTHEW RIBE GENERAL COUNSEL 151625 0 10000 0 0 0 24609 0 23012 0 209246 0 0 0 ELLEN GOURY VP, FINANCE & HR 161475 0 5000 0 0 0 15222 0 22881 0 204578 0 0 0 HERMOND PALMER VP, OUTREACH & INCLUSION 164710 0 5000 0 0 0 25280 0 108 0 195098 0 0 0 BRUCE MCCLARY SVP, MEDIA RELATIONS & MEMBERSHIP 131119 0 5000 0 0 0 13015 0 7341 0 156475 0 0 0 PART I, LINE 7 THE VP OF FINANCE AND VP OF OUTREACH AND INCLUSION RECEIVED DISCRETIONARY BONUSES. MEREDITH LANDIS FAMILY OF CURRENT KEY EMPLOYEE 92147 NFCC EMPLOYEE 0 FORM 990, PART III, LINE 1 TO LEAD A NATIONAL MOVEMENT THAT BETTER EQUIPS AMERICANS TO MANAGE THEIR FINANCIAL FUTURES AND, IN TURN, ADVANCES THE ECONOMY AND OUR NATION AS A WHOLE. FOUNDED IN 1951, THE NATIONAL FOUNDATION FOR CREDIT COUNSELING (NFCC) IS THE OLDEST NONPROFIT DEDICATED TO IMPROVING PEOPLE'S FINANCIAL WELL-BEING. WITH 55 MEMBER AGENCIES AND OVER 1,200 NFCC CERTIFIED CREDIT COUNSELORS SERVING 50 STATES AND ALL U.S. TERRITORIES, OUR NFCC CERTIFIED CREDIT COUNSELORS ARE FINANCIAL ADVOCATES, EMPOWERING MILLIONS OF CONSUMERS TO TAKE CHARGE OF THEIR FINANCES THROUGH ONE-ON ONE FINANCIAL REVIEWS THAT ADDRESS CREDIT CARD DEBT, STUDENT LOANS, HOUSING DECISIONS, AND OVERALL MONEY MANAGEMENT. FORM 990, PART III, LINE 3 NO STUDENT LOAN COUNSELING PROGRAM ACTIVITY IN 2023. FORM 990, PART V, LINE 2A: IN 2023, THE NFCC TRANSITIONED BETWEEN PROFESSIONAL EMPLOYER ORGANIZATIONS (PEOS) FOR ITS BENEFITS AND PAYROLL ADMINISTRATION. THIS CHANGE RESULTED IN EMPLOYEES RECEIVING TWO W-2 FORMS FOR THE YEAR. AS OF DECEMBER 31, 2023, THE NFCC EMPLOYED 17 PEOPLE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS COMPOSED OF THE OFFICERS OF THE BOARD (CHAIR, VICE CHAIR, SECRETARY AND TREASURER) AS WELL AS THE CHAIR OF THE COUNCIL OF MEMBER AFFAIRS. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE BOARD IN BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THE NFCC BYLAWS PROVIDE, IN RELEVANT PART, THE FOLLOWING: IN ORDER TO BE A MEMBER AN ORGANIZATION MUST: BE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BE DULY QUALIFIED AND EXISTING UNDER THE LAWS OF THE DISTRICT OF COLUMBIA,OR ANY STATES OR TERRITORY OF THE UNITED STATES OF AMERICA. PROVIDE FINANCIAL COUNSELING SERVICES AND ACT IN COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE LAWS AND REGULATIONS. OBTAIN AND MAINTAIN THE FOUNDATION-APPROVED ACCREDITATION. COMPLY WITH THE NFCC'S MEMBER QUALITY STANDARDS. FORM 990, PART VI, SECTION A, LINE 7A THE NFCC MEMBERS ELECT MEMBER-REPRESENTATIVE TRUSTEES TO THE NFCC BOARD OF TRUSTEES AT THE ANNUAL MEETING OF THE MEMBERS. ADDITIONALLY, MEMBERS VOTE TO RATIFY AT-LARGE TRUSTEES ELECTED TO THE BOARD OF TRUSTEES BY THE BOARD OF TRUSTEES PRIOR TO THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS INITIALLY PREPARED BY THE NFCC'S PUBLIC ACCOUNTING FIRM, WITH INPUT AND REVIEW BY COUNSEL. NFCC STAFF PREPARE A DRAFT FOR THE BOARD TO REVIEW, AND AFTER THE BOARD REVIEWS IT, THE 990 IS FINALIZED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND/OR COMMITTEE MEMBERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE NATIONAL FOUNDATION FOR CREDIT COUNSELING'S BOARD OF TRUSTEES ENACTED THE FOLLOWING POLICY ON THE PROCESS OF DETERMINING COMPENSATION FOR THE NFCC'S CHIEF EXECUTIVE OFFICER; AND OTHER OFFICERS AND KEY EMPLOYEES OF THE NFCC WHOSE COMPENSATION IS REQUIRED TO BE DISCLOSED ON FORM 990. THE PROCESS INCLUDES ALL OF THE FOLLOWING ELEMENTS: 1. REVIEW AND APPROVAL: (A) COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS REVIEWED AND APPROVED BY THE NFCC'S EXECUTIVE COMMITTEE, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (B) COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES IS APPROVED BY THE CHIEF EXECUTIVE OFFICER AND OVERALL STAFF COMPENSATION IS REVIEWED ON AN ANNUAL BASIS BY THE NFCC'S BOARD OF TRUSTEES OR THE EXECUTIVE COMMITTEE. 2. USE OF DATA AS TO COMPARABLE COMPENSATION: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THE EXECUTIVE COMMITTEE RECORDS THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT IN COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 NFCC DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.