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 200152720 INCHARGE EDUCATION FOUNDATION INC INCH 4072917770 5750 MAJOR BLVD 310 ORLANDO FL 32819 KAREN CARLSON CURRENT PRESIDENT 4072917770 2024-10-29 1 1 P01608826 4108840220 2023 2024-10-15 13:58:12Z KAREN CARLSON 5750 MAJOR BLVD 310 ORLANDO FL 32819 9354106 0 X WWW.INCHARGEFOUNDATION.ORG X 2003 DE THE FOUNDATION OPERATES FOR THE BENEFIT OF INCHARGE DEBT SOLUTIONS ("IDS") BY PROVIDING FINANCIAL EDUCATION PROGRAMS AND MATERIALS TO INDIVIDUALS PARTICIPATING IN CREDIT, BANKRUPTCY AND HOUSING COUNSELING PROGRAMS, AS WELL AS MARKETING AND IT SUPPORT FOR IDS PROGRAMS. THE FOUNDATION ALSO PROVIDES EDUCATIONAL PRODUCTS AND SERVICES TO THE GENERAL PUBLIC AND CONDUCTS NUMEROUS OUTREACH SEMINARS WITH IDS WHICH ARE AIMED AT IMPROVING THE FINANCIAL LITERACY OF ATTENDEES. 3 3 37 4 589947 3305 0 0 5134330 7341494 56870 53509 0 11033 5191200 7406036 0 0 0 0 2687337 3158343 0 0 0 2534298 2856861 5221635 6015204 -30435 1390832 5398425 8050094 125490 286223 5272935 7763871 X THE FOUNDATION OPERATES FOR THE BENEFIT OF INCHARGE DEBT SOLUTIONS ("IDS") BY PROVIDING FINANCIAL EDUCATION PROGRAMS AND MATERIALS TO INDIVIDUALS PARTICIPATING IN CREDIT, BANKRUPTCY AND HOUSING COUNSELING PROGRAMS, AS WELL AS MARKETING AND IT SUPPORT FOR IDS PROGRAMS. THE FOUNDATION ALSO PROVIDES EDUCATIONAL PRODUCTS AND SERVICES TO THE GENERAL PUBLIC AND CONDUCTS NUMEROUS OUTREACH SEMINARS WITH IDS WHICH ARE AIMED AT IMPROVING THE FINANCIAL LITERACY OF ATTENDEES. 0 0 4973323 5450869 EDUCATIONAL PROGRAM DEVELOPMENT/SUPPORT AND OUTREACH - THE FOUNDATION SUPPORTS IDS' MISSION OF PROVIDING EDUCATION 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. DURING 2023, 740 INDIVIDUALS ATTENDED EDUCATIONAL WORKSHOPS AND CLASSES. MILITARY MONEY, A FINANCIAL LITERACY OUTREACH INITIATIVE, PROVIDES FREE FINANCIAL EDUCATION AND TOOLS SUCH AS ONLINE ARTICLES, EBOOKS AND RADIO CLIPS TO SERVICE MEMBERS, VETERANS AND THEIR FAMILIES. MILITARY MONEY RESOURCES CAN BE FOUND AT INCHARGE.ORG/MILITARY-MONEY AND MILITARYMONEY.COM, AND INCLUDE INFORMATION, INSPIRATION AND TOOLS TO HELP SERVICE MEMBERS MAXIMIZE THEIR PERSONAL FINANCIAL POTENTIAL. MILITARY WEBSITE ARTICLES WERE ATTRACTED OVER 254,000 VISITORS. "MILITARY MONEY MINUTES" ARE RADIO CLIPS OFFERING TIMELY ONE-MINUTE FINANCIAL TIPS. THE TIPS ARE BROADCAST SIX TIMES PER DAY ON THE ARMED FORCES RADIO NETWORK AND HAVE A REACH OF A QUARTER MILLION SERVICE MEMBERS. "MILITARY MONEY MINUTES" ARE ALSO MADE AVAILABLE AS PODCASTS ON ITUNES AND OTHER WEBSITES. IN ADDITION, THE FOUNDATION PROVIDES I.T. AND MARKETING SUPPORT FOR THE CREDIT, BANKRUPTCY AND HOUSING COUNSELING PROGRAMS CONDUCTED BY IDS. I.T. SUPPORT CONSISTS OF HARDWARE INFRASTRUCTURE/MAINTENANCE, TELEPHONY SERVICES, SECURITY COMPLIANCE AND SOFTWARE DEVELOPMENT AND RELATED MAINTENANCE. MARKETING SUPPORT INCLUDES WEBSITE DEVELOPMENT AND SUPPORT SERVICES AND ESTABLISHMENT AND MAINTENANCE OF COMMUNICATION CHANNELS DESIGNED TO REACH CONSUMERS WHO CAN MOST BENEFIT FROM THE COUNSELING PROGRAMS CONDUCTED BY IDS. TO HELP ACCOMPLISH ITS MISSION, THE FOUNDATION CONTINUALLY SEEKS PARTNERSHIPS WITH OTHER ORGANIZATIONS. 4973323 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 21 0 1 37 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 FL X SEIJI SHIRAISHI 4072917770 5750 MAJOR BLVD 310 ORLANDO FL 32819 RICHARD ANDERSON TRUSTEE UNTIL MARCH 1.00 1.00 X 0 0 0 JAMES HARRIS TRUSTEE 1.00 1.00 X 0 0 0 ROBERT GALL TRUSTEE AS OF JUNE 1.00 1.00 X 0 0 0 TIM BLYTHE TRUSTEE AS OF JUNE 1.00 X 0 0 0 WILLIAM R MALSEED PRESIDENT UNTIL MAY 3.00 42.00 X 0 129815 10387 ETTA W MONEY SECRETARY/TREASURER UNTIL MAY 3.00 47.00 X 0 214007 25206 SEIJI SHIRAISHI DIR. OF ACCOUNTING AND FINANCE 7.00 38.00 X 101554 35219 29251 LORETTA RONEY PRESIDENT & CEO AS OF JUNE 9.00 36.00 X 0 224219 9006 KAREN CARLSON SR. DIR. OF EDUC/DIG. MKT. 11.00 34.00 X 188874 0 30667 SHAWN WALSH SR. DIR. OF BUSINESS DEV. 9.00 36.00 X 154226 0 32350 RICARDO VIERA SR. DIR. OF INFORMATION TECH. 9.00 36.00 X 158659 0 30396 ROBERT SMITH MS SQL DATABASE & BI DEVELOPER 1.00 45.00 X 105062 0 13472 AHMED MOYEEN SR. SOFTWARE ENGINEER 1.00 45.00 X 119213 0 15357 BILLY SEXTON NETWORK ADMINISTRATOR 1.00 45.00 X 122273 0 15544 SHERANA BAKHSH BUS. SYS. ANALYST/QA LEAD 1.00 45.00 X 113018 0 7928 MONETTE P MUDIE SR. SOFTWARE ENGINEER 1.00 45.00 X 110597 0 19832 1173476 603260 239396 10 0 1 0 0 EDUCATIONAL PROGRAMS/OUTREACH 611600 7341494 6751547 589947 7341494 129678 129678 11033 0 11033 11033 11033 1871901 1946463 1607 -74562 -1607 -76169 -76169 7406036 6751547 589947 64542 X 230933 190909 40024 2332121 1927933 404188 234950 194229 40721 170921 141299 29622 189418 156589 32829 27009 27009 15700 15700 605262 535669 69593 29264 24192 5072 1115800 922417 193383 83111 68707 14404 6700 5539 1161 297555 245985 51570 242697 200634 42063 112185 92742 19443 PUBLIC AWARENESS 227768 188293 39475 TRAINING & DEVELOPMENT 64397 53236 11161 DUES AND SUBSCRIPTIONS 9816 8115 1701 RECRUITING/RELOCATION 7839 6480 1359 11758 10355 1403 6015204 4973323 1041881 0 415407 906106 577516 744602 297402 657121 405768 620008 3874993 3240155 506549 634838 3195783 4449350 0 38069 5398425 8050094 125490 266570 0 19653 125490 286223 X 5272935 7763871 5272935 7763871 5398425 8050094 X 1390832 252061 4401 843642 X 0 0 0 X X 1 INCHARGE DEBT SOLUTIONS 330770440 7 1 3598313 0 1 3598313 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: THE SUPPORTED ORGANIZATION'S (INCHARGE DEBT SOLUTIONS) OFFICERS ARE THE SAME INDIVIDUALS AS THE SUPPORTING ORGANIZATION'S (INCHARGE EDUCATION FOUNDATION) 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. PART IV, SECTION E, LINE 2A: INCHARGE EDUCATION FOUNDATION, INC. ("ICEF") SUPPORTS INCHARGE DEBT SOLUTIONS ("IDS") BY PROVIDING FINANCIAL EDUCATION PROGRAMS AND MATERIALS TO INDIVIDUALS PARTICIPATING IN CREDIT, BANKRUPTCY AND HOUSING COUNSELING PROGRAMS OFFERED BY IDS AS WELL AS MARKETING AND IT SUPPORT FOR IDS PROGRAMS. ADDITIONALLY, ICEF PROVIDES EDUCATIONAL PRODUCTS AND SERVICES TO THE GENERAL PUBLIC AND IN CONJUNCTION WITH IDS, CONDUCTS OUTREACH WORKSHOPS AIMED AT IMPROVING THE FINANCIAL LITERACY OF ATTENDEES. ICEF ALSO PERFORMS WEBSITE MARKETING ACTIVITIES DESIGNED TO ASSIST INDIVIDUALS WITH FINANCIAL SERVICES THAT IDS DOES NOT PROVIDE. PART IV, SECTION E, LINE 2B: THE FINANCIAL EDUCATIONAL PROGRAMS, MATERIALS AND OUTREACH WORKSHOPS PROVIDED BY INCHARGE EDUCATION FOUNDATION, INC. ("ICEF") ARE ESSENTIAL IN FULFILLING INCHARGE DEBT SOLUTION'S ("IDS") MISSION. IF NOT PROVIDED BY ICEF, IDS WOULD HAVE TO STAFF AND PROVIDE THE FINANCIAL LITERACY PROGRAMS AND MATERIALS. 0 0 320042 320042 1867809 1813175 54634 1687142 1426980 260162 634838 DEFERRED RENT 19653 19653 PART IV, LINE 1B: INCHARGE EDUCATION FOUNDATION PROVIDES FINANCIAL EDUCATIONAL PROGRAMS AND MATERIALS TO INDIVIDUALS PARTICIPATING IN THE CREDIT COUNSELING PROGRAM. IT DOES NOT MAINTAIN OR DISTRIBUTE CONSUMER FUNDS RELATED TO SERVICES PROVIDED. 0 1 0 0 0 0 0 1 0 ETTA W MONEY SECRETARY/TREASURER 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 KAREN CARLSON SR. DIR. OF EDUC/DIG. MKT. 169314 0 13560 0 6000 0 7555 0 23112 0 219541 0 0 0 RICARDO VIERA SR. DIR. OF INFORMATION TECH. 149659 0 3000 0 6000 0 7560 0 22836 0 189055 0 0 0 SHAWN WALSH SR. DIR. OF BUSINESS DEV. 141206 0 7020 0 6000 0 9305 0 23045 0 186576 0 0 0 SEIJI SHIRAISHI DIR. OF ACCOUNTING AND FINANCE 98554 35219 0 0 3000 0 6361 0 22890 0 130805 35219 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 AND KEY EMPLOYEES OF INCHARGE EDUCATION FOUNDATION, INC. 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. SHAWN WALSH KEY EMPLOYEE 48664 SHAWN WALSH'S SON, CONNOR WALSH, WAS EMPLOYED BY INCHARGE EDUCATION FOUNDATION, INC. AND WAS COMPENSATED $48,663.55 FROM THE FOUNDATION DURING 2023. 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES, THE DIRECTOR OF ACCOUNTING AND FINANCE, THE PRESIDENT, AND THE AUDIT COMMITTEE 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 15B A SEPARATE BOARD APPOINTED COMPENSATION COMMITTEE OF INCHARGE DEBT SOLUTIONS DETERMINES THE SALARY OF THE OFFICERS OF INCHARGE EDUCATION FOUNDATION 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, FORM 990, AND FORM 990-T AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FORM 990 AND FORM 990-T ARE 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. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 535,669. MANAGEMENT AND GENERAL EXPENSES 69,593. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 605,262. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS FROM DISSOLUTION OF RELATED ENTITY 843,642. INCHARGE INSTITUTE OF AMERICA INC 5750 MAJOR BLVD SUITE 320 ORLANDO FL 32819 522196183 GENERAL AND ADMINISTRATIVE SUPPORT SERVICES DE 501(C)(3) LINE 12C, III-FI N/A 0 INCHARGE DEBT SOLUTIONS 5750 MAJOR BLVD SUITE 300 ORLANDO FL 32819 330770440 FINANCIAL COUNSELING NV 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1