2025-07-15T11:09:50-05:00 2024-12-31 470574775 FRANKEL LLC 11404 WEST DODGE RD SUITE 700 OMAHA NE 681542576 990 2024-01-01 470751100 CREDIT ADVISORS FOUNDATION CRED 4023933100 1818 SOUTH 72ND STREET OMAHA NE 68124 ELEANOR HOHMAN PRESIDENT 4023933100 2025-07-15 1 0 CINDY BRENNEMAN P00328210 4024969100 2024 2025-03-06 01:10:19Z ELEANOR HOHMAN 1818 SOUTH 72ND STREET OMAHA NE 68124 1968201 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 16 0 0 0 1812947 922038 718955 878969 74005 112869 0 0 2605907 1913876 0 0 0 0 993418 1076184 0 0 0 777858 829411 1771276 1905595 834631 8281 5868407 6631606 621681 451756 5246726 6179850 X OUR MISSION IS TO EMPOWER CONSUMERS TO EFFECTIVELY MANAGE THEIR FINANCES, CREATE ECONOMIC SECURITY, AND REALIZE EQUALITY OF ACCESS AND OPPORTUNITY. 0 0 651487 65552 HOUSING- SEE SCHEDULE O 404550 29247 EDUCATION- SEE SCHEDULE O 449843 770745 DEBT MANAGEMENT PLANS- SEE SCHEDULE O 151650 13425 BANKRUPTCY COUNSELING AND REPRESENTATIVE PAYEE SERVICES 151650 13425 1657530 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 16 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 220000 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 58929 0 0 CARLO SKRUPA DEVELOPMENT DIRECTOR 40.00 X 160000 0 0 438929 0 0 2 0 1 0 0 447086 474952 922038 DEBT MANAGEMENT 812900 770745 770745 COUNSELING 812900 65552 65552 BANKRUPTCY COUNSELING 541990 29247 29247 REPRESENTATIVE PAYEE F 812900 13425 13425 878969 88019 88019 79175 51425 2900 27750 -2900 24850 24850 1913876 878969 0 112869 278929 259404 19525 690620 563768 126852 37020 31431 5589 69615 59105 10510 818 761 57 33463 31121 2342 48433 48433 27768 25894 1874 39301 37336 1965 48284 44904 3380 25811 25811 7980 7581 399 2499 2499 45849 43557 2292 31279 29715 1564 COMMUNITY OUTREACH 172202 172202 PERSONNEL DEVELOPMENT 79992 67993 11999 PROGRAM EXPENSE 72943 72943 BANK CHARGES 44457 42234 2223 148332 141770 6562 1905595 1657530 248065 0 178278 117073 616282 511773 588582 40076 12433 7388 1229073 772060 459126 457013 4000846 5452984 12860 45299 5868407 6631606 31817 25814 589864 425942 621681 451756 X 5246726 6179850 5246726 6179850 5868407 6631606 8281 924843 0 X X 0 1 X 1 0 X 664874 935729 1075919 1812947 922038 5411507 675978 629962 500615 718955 878969 3404479 1340852 1565691 1576534 2531902 1801007 8815986 0 0 0 8815986 29431 25883 41869 50540 88019 235742 29431 25883 41869 50540 88019 235742 1370283 1591574 1618403 2582442 1889026 9051728 0.97400 0.97780 0.02600 0.02220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1229073 772060 457013 457013 ACCRUED PAYROLL/TAXES 316904 CLIENT MONEY HELD IN TRUST 63629 LEASE LIABILITY 45409 425942 X 2790286 924843 924843 1865443 48433 48433 1913876 1857162 0 1857162 48433 48433 1905595 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, 2024, 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 2020 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. X X X 0 0 0 0 0 0 0 0 0 ELEANOR HOHMAN EXECUTIVE DIRECTOR 220000 0 0 0 0 0 0 0 0 0 220000 0 0 0 CARLO SKRUPA DEVELOPMENT DIRECTOR 160000 0 0 0 0 0 0 0 0 0 160000 0 0 0 FORM 990, PART III- ADDITIONAL INFORMATION HOUSING IN 2024, 4,762 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, NEBRASKA, AND OTHER STATES. 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. 773 CLIENTS LOCATED IN CAF'S HUD APPROVED GEOGRAPHIC LOCATIONS RECEIVED FULL HOUSING COUNSELING AND EDUCATION SERVICES DURING THE 2024 CALENDAR YEAR. EDUCATION THE FOUNDATION OFFERS CREDIT EDUCATION SERVICES TO THE PUBLIC WHICH INCLUDES CREDIT COUNSELING, BUDGETING SERVICES, ACTION PLANS, PUBLICATIONS AND SPEAKERS. IN 2024, 3,557 RECEIVED BUDGETS/CREDIT COUNSELING AND ACTION PLANS. 5,390 EDUCATION TOPIC SPECIFIC HOT SHEETS WERE DISTRIBUTED 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, 1,134 PEOPLE AT 40 PRESENTATIONS BENEFITED FROM THESE SERVICES. DEBT MANAGEMENT PLANS IN 2024, ONLY 8,216 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, AND ON-LINE DEBT MANAGEMENT. 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 2024, 1,479 CREDIT COUNSELING CERTIFICATES WERE ISSUED. OF THESE, APPROXIMATELY 462 CLIENTS RECEIVED WAVERS. REPRESENTATIVE PAYEE SERVICES IN 2024 WE ONLY PROVIDED THESE SERVICES TO 41 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 WHICH 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.