2024-11-14T16:56:54-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2023-01-01 541837741 MONEY MANAGEMENT INTERNATIONAL INC MONE 6022464520 2401 W PEORIA 350 PHOENIX AZ 85029 LYLE LANSDELL CHIEF FINANCIAL OFFICER 6022464520 2024-11-14 1 1 MELISSA HANGSLEBEN P02087031 6022662248 2024-11-14 2023 2024-10-15 13:58:12Z X JIM TRIGGS 2401 W PEORIA 350 PHOENIX AZ 85029 37469553 0 X WWW.MONEYMANAGEMENT.ORG X 2002 TX WE STRIVE TO BENEFIT THE COMMUNITY BY PROVIDING EXCEPTIONAL FINANCIAL EDUCATION AND COUNSELING PROGRAMS INCLUDING CREDIT, HOUSING, AND BANKRUPTCY COUNSELING. 11 10 373 10 1945600 0 13348518 8893611 23448084 23419417 391230 1327588 62889 159402 37250721 33800018 0 0 0 0 25491409 29003695 0 0 404612 14196680 15396998 39688089 44400693 -2437368 -10600675 39941484 45583543 13157994 17707484 26783490 27876059 X TO IMPROVE LIVES THROUGH FINANCIAL EDUCATION. 0 0 22053287 0 14503757 CREDIT COUNSELING AND DEBT MANAGEMENT - SEE SCHEDULE O. 12031063 0 5354373 HOUSING COUNSELING AND EDUCATION - SEE SCHEDULE O. 1487079 0 893135 AGENCY SUPPORT SERVICES - SEE SCHEDULE O. 187217 0 722552 BANKRUPTCY COUNSELING AND EDUCATION:SINCE 2005, MMI HAS BEEN APPROVED TO PROVIDE PRE-FILING BANKRUPTCY COUNSELING AND ISSUE COUNSELING CERTIFICATES IN COMPLIANCE WITH THE BANKRUPTCY CODE. MMI IS ALSO APPROVED TO DELIVER PRE-DISCHARGE BANKRUPTCY EDUCATION SERVICES ALONG WITH THE CERTIFICATE OF PARTICIPATION THAT ALLOWS THE CONSUMER TO PROCEED WITH THE BANKRUPTCY DISCHARGE PROCESS. IN 2023, MMI PROVIDED MORE THAN 400 COUNSELING SESSIONS FOR CONSUMERS PRIOR TO THEIR FILING FOR BANKRUPTCY AND 200 CONSUMERS PARTICIPATED IN PRE-DISCHARGE EDUCATION PROGRAMS. 187217 0 722552 35758646 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 39 0 1 373 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL HI IL KS KY ME MD MA MI MN MS NJ NM NY ND OR PA TN WA WV WI NH X JIM TRIGGS 6022464520 2401 W PEORIA 350 PHOENIX AZ 85029 JIM TRIGGS PRESIDENT & CEO 40.00 2.00 X X 470363 0 38795 KAREN ANCILLAI CHAIR 3.00 1.00 X X 0 0 0 GREG MCBRIDE DIRECTOR 3.00 0.00 X 0 0 0 ELIZABETH HOTZE DIRECTOR 3.00 0.00 X 0 0 0 WILLIAM A PUPO DIRECTOR 3.00 0.00 X 0 0 0 MANUEL MARIO PERDOMO DIRECTOR 3.00 0.00 X 0 0 0 ANNE-MARIE BAKER DIRECTOR 3.00 0.00 X 0 0 0 JERRY NEMORIN DIRECTOR 3.00 0.00 X 0 0 0 MARIA C ALONSO DIRECTOR 3.00 0.00 X 0 0 0 DONNA CARR DIRECTOR 3.00 0.00 X 0 0 0 GEORGE TORRES DIRECTOR 3.00 0.00 X 0 0 0 ROBB CZYZEWSKI CHIEF OPERATING OFFICER 40.00 0.00 X 94075 0 8393 LYLE LANSDELL CHIEF FINANCIAL OFFICER 40.00 2.00 X 343411 0 30625 MICHELLE JONES CHIEF EXTERNAL AFFAIRS OFFICER 40.00 1.00 X 317615 0 41024 ZYNDA SELLERS CHIEF COMPLIANCE OFFICER 40.00 2.00 X 265818 0 30193 DANIEL LEVINE CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 260039 0 41118 THOMAS DE POY SR. VICE PRESIDENT, IND RELATIONS 40.00 0.00 X 221135 0 6628 JAIME E PAYNE VICE PRESIDENT OPERATIONS 40.00 0.00 X 185462 0 26662 CHRISTOPHER FONTENOT VICE PRESIDENT, INFORMATION TECH 40.00 0.00 X 162516 0 13710 CHELSEA LOUISE TAYLOR SR. VICE PRESIDENT, HUMAN RESOURCES 40.00 0.00 X 158268 0 10294 CHRIS T RAY VICE PRESIDENT, MARKETING 40.00 0.00 X 157519 0 29848 SCOTT ROBERT CALDWELL SR. DATABASE ADMINISTRATOR 40.00 0.00 X 141131 0 2205 MATTHEW KIRK MUELLER DIRECTOR, INFORMATION TECH 40.00 0.00 X 148538 0 4174 ROBERT M LUKA SOFTWARE DEVELOPER 4 40.00 0.00 X 129937 0 4196 FRANK A WILLIAMS SYSTEMS ADMINISTRATOR 4 40.00 0.00 X 124905 0 1834 3180732 0 289699 35 0 1 0 SIMPLE A LLC 2028 E BEN WHITE BLVD STE 240-2424 AUSTIN TX 78741 IT CONSULTING SERVICES 672038 WAFI TECH 601 GOLDEN TOWER AL MAJAZ 1 BUHEI SHARJAH UAE IN IT CONSULTING SERVICES 633857 BLANK ROME LLP 717 TEXAS AVE STE 1400 HOUSTON TX 77002 LEGAL CONSULTING SERVICES 428212 NORTON ROSE FULBRIGHT US LLP 1301 MCKINNEY STE 5100 HOUSTON TX 77010 LEGAL CONSULTING SERVICES 362382 BDO USA LLP 2715 JORIE BLVD STE 100 OAK BROOK IL 60523 IT CONSULTING SERVICES 256313 30 3550871 5342740 8893611 CREDIT COUNSELING & DEBT MANAGEME 541990 14503757 14503757 HOUSING COUNSELING & EDUCATION 541990 5354373 5354373 BUSINESS PROCESS OUTSOURCING 541990 1945600 1945600 AGENCY SUPPORT SERVICES 541990 893135 893135 BANKRUPTCY COUNSELING & EDUCATION 541990 722552 722552 23419417 839638 839638 4155102 2383 3669535 0 485567 2383 487950 487950 MISCELLANEOUS 900099 159402 159402 159402 33800018 21473817 1945600 1486990 2726144 501891 1919376 304877 20059098 19606575 452523 383777 383777 4229638 4054323 165654 9661 1605038 1459400 128575 17063 886577 562004 323403 1170 106841 67727 38973 141 113966 113966 2302319 1459446 839834 3039 2302886 1545448 720093 37345 829435 783822 44010 1603 122860 85873 36987 598439 575165 15413 7861 147542 99006 44028 4508 394356 264628 117678 12050 1719 291 1428 1538951 1422827 115130 994 461285 55861 405424 AFFILIATE FEE 2356743 2356743 EQUIPMENT RENTAL & MAIN 1837101 1741716 95384 1 DIRECT COST OF REVENUE 629867 629867 BANK CHARGES 313790 305537 8253 452321 153462 294560 4299 44400693 35758646 8237435 404612 4070704 2709750 4585646 4487489 694637 721989 25421066 22274675 3727899 3146391 19840715 27595919 61821 7021883 6860184 39941484 45583543 4000372 2604418 2420769 8457583 6169019 6034822 567834 610661 13157994 17707484 X 26681876 27735162 101614 140897 26783490 27876059 39941484 45583543 X -10600675 3315153 8378091 X X 0 1 X 1 1 1 X 6291081 4614795 14488765 13348518 8893611 47636770 32785714 33411061 26342966 23448084 23419417 139407242 39076795 38025856 40831731 36796602 32313028 187044012 3346297 2889035 3985332 7761615 4840609 22822888 0 3346297 2889035 3985332 7761615 4840609 22822888 164221124 525024 556817 551510 432564 839638 2905553 906440 47703 257578 1211721 1431464 604520 809088 432564 839638 4117274 40508259 38630376 41640819 37229166 33152666 191161286 0.85910 0.85630 0.02150 0.02230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 292578 175825 116753 3572525 3129050 443475 21555963 18969800 2586163 3146391 CASH HELD FOR CUSTOMERS 6034822 DEPOSITS AND OTHER ASSETS 163765 RIGHT OF USE ASSET - FINANCING 86369 RIGHT OF USE ASSET - OPERATING 575228 6860184 LEASE LIABILITY - OPERATING 584168 LEASE LIABILITY - FINANCING 26493 610661 X PART IV, LINE 2B: MMI COLLECTS PAYMENTS FROM CLIENTS WHO ARE ON DEBT MANAGEMENT PLANS (DMPS), PLACES THOSES PAYMENTS INTO A SEPARATE TRUST ACCOUNT, AND THEN DISBURSES THOSE FUNDS TO THE CREDITORS OF THE CLIENTS. PART X, LINE 2: AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS RELATED INCOME PURSUANT TO IRC SECTION 501(A). IT IS ALSO EXEMPT FROM VARIOUS STATE INCOME TAXES UNDER SIMILAR STATE STATUTES. MMI - HOUSING AND SEMINOLE RIDGE ARE DISREGARDED ENTITIES FOR FEDERAL TAX PURPOSES. THE COMPANY HAD NO TAXABLE UNRELATED BUSINESS INCOME IN 2023. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. MANAGEMENT HAS EVALUATED THE COMPANY'S TAX POSITIONS AND CONCLUDED THAT THE COMPANY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016. THE COMPANY RECORDS TAX-RELATED INTEREST AND PENALTIES IN EXPENSES IN THE CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. THERE WERE NO TAX-RELATED INTEREST OR PENALTIES IN 2023. NORTH AMERICA 0 0 INVESTMENT 61821 0 0 0 0 0 0 61821 0 61821 0 0 1 0 0 0 X 1 1 X X X X 1 0 0 0 0 0 0 1 0 JIM TRIGGS PRESIDENT & CEO 329231 0 100000 0 41132 0 8550 0 30245 0 509158 0 0 0 LYLE LANSDELL CHIEF FINANCIAL OFFICER 275192 0 50000 0 18219 0 8427 0 22198 0 374036 0 0 0 MICHELLE JONES CHIEF EXTERNAL AFFAIRS OFFICER 246298 0 50000 0 21317 0 7727 0 33297 0 358639 0 0 0 DANIEL LEVINE CHIEF TECHNOLOGY OFFICER 188462 0 50000 0 21577 0 7821 0 33297 0 301157 0 0 0 ZYNDA SELLERS CHIEF COMPLIANCE OFFICER 200961 0 50000 0 14857 0 7995 0 22198 0 296011 0 0 0 THOMAS DE POY SR. VICE PRESIDENT, IND RELATIONS 190288 0 30000 0 847 0 6628 0 0 0 227763 0 0 0 JAIME E PAYNE VICE PRESIDENT OPERATIONS 159519 0 25000 0 943 0 2777 0 23885 0 212124 0 0 0 CHRIS T RAY VICE PRESIDENT, MARKETING 146296 0 9852 0 1371 0 4701 0 25147 0 187367 0 0 0 CHRISTOPHER FONTENOT VICE PRESIDENT, INFORMATION TECH 84909 0 9090 0 68517 0 4857 0 8853 0 176226 0 0 0 CHELSEA LOUISE TAYLOR SR. VICE PRESIDENT, HUMAN RESOURCES 136842 0 20000 0 1426 0 1441 0 8853 0 168562 0 0 0 MATTHEW KIRK MUELLER DIRECTOR, INFORMATION TECH 148538 0 0 0 0 0 4174 0 0 0 152712 0 0 0 PART I, LINE 1A MMI RECOGNIZES THAT BOARD MEMBERS OF MMI MAY BE REQUIRED TO TRAVEL AND INCUR EXPENSES FROM TIME TO TIME TO CONDUCT MMI BUSINESS AND TO FURTHER THE MISSION OF THE NONPROFIT ORGANIZATION. PART I, LINE 4A DURING CALENDAR YEAR 2023, THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS. CHRISTOPHER FONTENOT - $67,341 PART I, LINE 7 EACH CHIEF OFFICER PROPOSED BONUSES FOR CERTAIN MEMBERS OF THEIR TEAMS BASED ON 2023 PERFORMANCE, LAST YEAR'S BONUS AND PERFORMANCE AND A PERCENTAGE OF ANNUAL SALARY. THESE AMOUNTS ARE DISCRETIONARY AND DOCUMENTATION WAS PROVIDED TO THE PRESIDENT & CEO FOR APPROVAL. FOR THOSE EMPLOYEES WHOSE COMPENSATION MUST BE APPROVED BY THE COMPENSATION COMMITTEE, THE FULL BOARD OF DIRECTORS HAD TO APPROVE THEIR BONUSES BASED ON A COMPENSATION STUDY AND FEEDBACK FROM THE PRESIDENT & CEO. FORM 990, PART III, LINE 4A CREDIT COUNSELING AND DEBT MANAGEMENT: MONEY MANAGEMENT INTERNATIONAL (MMI) PROVIDES PERSONAL FINANCIAL COUNSELING AND EDUCATION FOR THOSE NEEDING ASSISTANCE WITH BUDGETING AND MONEY MANAGEMENT. CONSUMERS RECEIVE FINANCIAL GUIDANCE FROM A CERTIFIED CREDIT COUNSELOR. DURING A SESSION, THE COUNSELOR WILL HELP THE CONSUMER ASSESS THEIR FINANCIAL SITUATION, DEVELOP A SPENDING PLAN, SET FINANCIAL GOALS AND CREATE AN ACTION PLAN. SOME CONSUMERS MAY BE ENROLLED IN A DEBT MANAGEMENT PLAN (DMP) FOR SYSTEMATIC REPAYMENT OF CERTAIN DEBTS. TEAMS OF CERTIFIED SUPPORT COUNSELORS PROVIDE ADMINISTRATION AND SUPPORT FOR MMI'S DMP CLIENTS BY PROVIDING ONGOING FINANCIAL COUNSELING AND EDUCATION FROM THE START THROUGH COMPLETION. CORPORATE POLICY REQUIRES THAT ALL SUPPORT COUNSELORS RECEIVE IN-DEPTH TRAINING AND ARE REQUIRED TO BE INDEPENDENTLY CERTIFIED PRIOR TO COUNSELING A CONSUMER. MMI'S CERTIFIED TRAINING STAFF PROVIDES EDUCATIONAL CLASSES IN PERSON, THROUGH VIRTUAL WEBINARS, AND THROUGH SELF-PACED ONLINE MODULES THAT COVER A WIDE VARIETY OF CONSUMER FINANCE TOPICS. OF CONSUMERS WHO ENDED THEIR DEBT MANAGEMENT PLANS, 76% FULLY REPAID THEIR DEBTS THROUGH MMI AND ANOTHER 4% RECOVERED TO THE EXTENT THAT THEY WERE ABLE TO RESUME DIRECT PAYMENTS ON THEIR DEBT TO CREDITORS. IN 2023, MMI PROVIDED NEARLY 56,000 DEBT AND BUDGET COUNSELING SESSIONS. ADDITIONALLY, MMI HELPED OVER 47,000 INDIVIDUALS AND FAMILIES REPAY NEARLY $170 MILLION IN DEBT. CLIENTS REDUCED THEIR INTEREST RATES TO AN AVERAGE OF JUST 7%, SAVING UP TO $43,000 IN INTEREST BASED ON AGGREGATE DATA; AND INCREASED THEIR CREDIT SCORE BY 84 POINTS OVER THE COURSE OF THE DMP, ON AVERAGE. FORM 990, PART III, LINE 4B HOUSING COUNSELING AND EDUCATION: MMI PROVIDES A WIDE VARIETY OF HOUSING COUNSELING SERVICES AIMED AT SAVING HOMES AND BUILDING COMMUNITIES. FORECLOSURE PREVENTION COUNSELING ASSISTS THOSE WHO HAVE FALLEN BEHIND ON THEIR MORTGAGE PAYMENTS TO KEEP THEIR HOME AND AVOID THE COST AND CREDIT RATING DAMAGE ASSOCIATED WITH FORECLOSURE. RENTAL COUNSELING PROVIDES GUIDANCE AND SOLUTIONS TO THOSE WHO ARE AT RISK OF EVICTION. MMI'S PROJECT PORCHLIGHT DISASTER RECOVERY PROGRAM PROVIDES IMMEDIATE AND LONG-TERM SUPPORT TO CONSUMERS IMPACTED BY NATURAL DISASTERS AND THOSE EXPERIENCING ECONOMIC DISRUPTION CAUSED BY THE PANDEMIC. POST-MODIFICATION COUNSELING IS A LONG-TERM FINANCIAL COACHING PROGRAM DESIGNED TO SUPPORT LONG-TERM REPAYMENT SUCCESS FOR CONSUMERS WHO HAVE PREVIOUSLY FALLEN DELINQUENT ON THEIR MORTGAGE. REVERSE MORTGAGE COUNSELING EDUCATES SENIORS ON THE BENEFITS, CONSEQUENCES, OPTIONS, AND PROCESS OF OBTAINING A HOME EQUITY CONVERSION MORTGAGE, WHILE REVERSE MORTGAGE DEFAULT SUPPORTS SENIORS WHO ARE AT RISK OF DEFAULT DUE TO LAPSED PROPERTY TAX OR INSURANCE PAYMENTS. MMI ASSISTS POTENTIAL HOME BUYERS BY EDUCATING THEM ON THE COSTS AND RESPONSIBILITIES OF HOME OWNERSHIP. BORROWER SUCCESS, MMI'S POST-PURCHASE PROGRAM, PROVIDES NEW HOMEOWNERS WITH THE EDUCATION AND INFORMATION NEEDED TO SUPPORT SUCCESSFUL HOMEOWNERSHIP. MORE THAN 15,000 HOMEBUYERS PER MONTH RECEIVE PHONE CALLS, TEXT MESSAGES OR EMAIL FROM MMI PROVIDING TIMELY, MEANINGFUL INFORMATION TO ASSIST THEM IN REMAINING CURRENT ON THEIR MORTGAGE, UNDERSTANDING THE RESPONSIBILITIES OF HOMEOWNERSHIP, AND PROVIDING RESOURCES FOR THOSE WHO ARE STRUGGLING. AS A U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) APPROVED PROVIDER OF HOMEOWNERSHIP-COUNSELING SERVICES, MMI AFFIRMATIVELY FURTHERS FAIR HOUSING THROUGH MAKING CONSUMERS AWARE OF DISCRIMINATORY PRACTICES, MAKING ALL PROGRAMS AND ACTIVITIES ACCESSIBLE TO PERSONS WITH DISABILITIES, AND MAKING AVAILABLE LANGUAGE ASSISTANCE SERVICES TO PERSONS WITH LIMITED ENGLISH PROFICIENCY. FUNDING IS PROVIDED BY THE HUD AND THROUGH CONTRACTUAL ARRANGEMENTS WITH MORTGAGE SERVICERS AND GOVERNMENT-SPONSORED ENTERPRISE (GSE). IN 2023, MMI PROVIDED MORE THAN 30,000 HOUSING-SPECIFIC SESSIONS. MMI PROVIDED HOMEOWNERSHIP EDUCATION ON TOPICS SUCH AS HOME BUYING, LOSS MITIGATION, RENTAL RIGHTS, FAIR HOUSING, AND EVICTION PREVENTION TO 10,790 CONSUMERS IN 2023. FORM 990, PART III, LINE 4C AGENCY SUPPORT SERVICES: MMI HAS OPERATED THE NEVADA 211 CALL CENTER SINCE 2015, SERVING RESIDENTS PURSUANT TO A CONTRACT WITH THE STATE OF NEVADA. NEVADA LAW REQUIRES MAINTENANCE OF A STATEWIDE INFORMATION AND REFERRAL SYSTEM. ADMINISTRATION AND OVERSIGHT OF NEVADA 211 IS THE RESPONSIBILITY OF THE NEVADA DEPARTMENT OF HEALTH AND HUMAN SERVICES AGING AND DISABILITY SERVICES DIVISION UNDER NEVADA REVISED STATUTE (NRS) 232.359. THE NEVADA 211 DATABASE INCLUDES OVER 1,200 AGENCIES OFFERING 4,018 PROGRAMS AT MORE THAN 2,400 LOCATIONS. NEVADA 211 CALL SPECIALISTS ARE TRAINED TO ASSIST PEOPLE IN NAVIGATING THE PROCESS OF FINDING THE RIGHT AGENCY FOR THE NEEDED SERVICE. THIS INCLUDES INFORMATION AND REFERRALS FOR LOCAL HEALTHCARE, HOUSING, FOOD, UTILITIES, TRANSPORTATION, CHILDCARE ASSISTANCE, AND MORE. IN 2023, NEVADA 211 PROVIDED SERVICES TO 123,068 NEVADANS VIA PHONE, TEXT, AND LIVE CHAT. OVER 200,000 USERS VISITED ONLINE AT NEVADA211.ORG. ADDITIONALLY, NEVADA 211 REPRESENTATIVES PARTICIPATED IN 477 COMMUNITY OUTREACH EVENTS IN NORTHERN, SOUTHERN, AND RURAL NEVADA, INCREASING RURAL ENGAGEMENT WITH 86 EVENTS AND ACTIVITIES IMPROVING AND STRENGTHENING THE PARTNERSHIPS WITH RURAL AGENCIES AND COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 1A BY THE AFFIRMATIVE VOTE OF AT LEAST SEVENTY-FIVE PERCENT (75%) OF THE DIRECTORS, THE BOARD OF DIRECTORS MAY CREATE AN EXECUTIVE COMMITTEE, WHICH SHALL HAVE AND EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION, AND MAY APPOINT TWO OR MORE PERSONS, A MAJORITY OF WHOM ARE MEMBERS OF THE BOARD OF DIRECTORS, TO SERVE ON IT. BY MAJORITY VOTE, THE BOARD OF DIRECTORS MAY CREATE ONE OR MORE OTHER COMMITTEES AND APPOINT MEMBERS OF THE BOARD OF DIRECTORS TO SERVE ON THEM. ANY SUCH COMMITTEE MAY EXERCISE ALL CORPORATE AUTHORITY DELEGATED TO IT BY THE BOARD OF DIRECTORS EXCEPT AS LIMITED BY APPLICABLE LAW. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL EXECUTIVES (DIRECTORS, OFFICERS, AND KEY EMPLOYEES) OF MMI ARE BOUND BY A CONFLICT OF INTEREST POLICY AND MUST COMPLETE A QUESTIONNAIRE ON AN ANNUAL BASIS DETAILING ANY OTHER INTERESTS. THE EXECUTIVE MUST UPDATE THE DISCLOSURE FORM SHOULD ANY MATERIAL CHANGES ARISE DURING THE COURSE OF THE YEAR. THESE FORMS ARE MAINTAINED WITH OTHER CORPORATE DOCUMENTS BY THE SECRETARY OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15 MMI HAS DEVELOPED AND IMPLEMENTED A COMPENSATION POLICY ADHERING TO THE STANDARDS PROVIDED IN TREASURY REGULATIONS SECTION 53.4858-6. THE POLICY REQUIRES A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS TO PERFORM A REVIEW AND APPROVE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES; THAT THE COMMITTEE OBTAIN AND RELY UPON COMPARABILITY DATA AND VALUATION STUDIES PREPARED BY INDEPENDENT EXECUTIVE COMPENSATION EXPERTS; THE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS ITS DELIBERATIONS AND DECISIONS IN WRITING; AND MUST HAVE ALL COMPENSATION DECISIONS APPROVED BY THE FULL BOARD OF DIRECTORS. THIS PROCESS IS DOCUMENTED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EXCESS OF ASSETS ACQUIRED OVER LIABILITIES ASSUMED OF CCCCMS 7,546,227. EXCESS OF ASSETS ACQUIRED OVER LIABILITIES ASSUMED OF CCH, LLC 31,985. SETTLEMENT GAIN 925,302. CHANGE IN VALUE OF INVESTMENT IN SUBSIDIARY -125,423. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. MMI HOUSING LLC 2401 W PEORIA 120 PHOENIX AZ 85029 460985114 REAL ESTATE DE 0 0 MONEY MANAGEMENT INTERNATIONAL INC MMI SEMINOLE RIDGE INVESTMENT LLC 2401 W PEORIA 120 PHOENIX AZ 85029 460984731 REAL ESTATE DE 0 0 MONEY MANAGEMENT INTERNATIONAL INC CALL CENTERED HOLDINGS 2828 N CENTRAL AVE PHOENIX AZ 85004 871419715 BUSINESS PROCESS OUTSOURCING AZ 0 86682 MONEY MANAGEMENT INTERNATIONAL INC CALL CENTERED LLC 2828 N CENTRAL AVE PHOENIX AZ 85004 844788670 BUSINESS PROCESS OUTSOURCING AZ 1945600 562836 MONEY MANAGEMENT INTERNATIONAL INC CCCS OF SOUTHERN NEW ENGLAND INC 12603 SOUTHWEST FREEWAY SUITE 450 STAFFORD TX 77477 237230816 CREDIT COUNSELING MA 501(C)(3) LINE 7 MONEY MANAGEMENT INTERNATIONAL INC 1 MMI FINANCIAL EDUCATION FOUNDATION 12603 SOUTHWEST FREEWAY SUITE 450 STAFFORD TX 77477 760691702 FINANCIAL EDUCATION TX 501(C)(3) LINE 12A, I MONEY MANAGEMENT INTERNATIONAL INC 1 CALL CENTERED MEXICO BLVD GUERRERO 16A 110 NORTE LOCAL 3 HERMOSILLO SONORA MX 211007643 BUSINESS PROCESS OUTSOURCING MX MONEY MANAGEMENT INTERNATIONAL INC C 2336904 192343 0.99990 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0