2025-01-12T21:04:32-06:00 2024-06-30 522009588 PHILLIPS & ASSOCIATES LLC 2440 RESEARCH BLVD SUITE 410 ROCKVILLE MD 20850 990 2023-07-01 521755086 MAKING CHANGE INC MAKI 4435187647 9770 PATUXENT WOODS DRIVE 307 COLUMBIA MD 21046 JASMINE BREWER EXECUTIVE DIRECTOR 4435187647 2025-01-12 1 0 ANDREW PHILLIPS CPA P00839833 3015193280 2025-01-07 X 2023 2024-10-15 13:58:12Z X JASMINE BREWER 9770 PATUXENT WOODS DRIVE 307 COLUMBIA MD 21046 409982 0 X WWW.MAKINGCHANGECENTER.ORG X 1991 MD MAKING CHANGE, INC. PROVIDES FREE ONE-ON-ONE FINANCIAL COUNSELING TO INDIVIDUALS, AS WELL AS CUSTOMIZED FINANCIAL EDUCATION IN GROUP SETTINGS THROUGH ITS PARTNERSHIPS WITH LOCAL EMPLOYERS, COMMUNITY ORGANIZATIONS AND GOVERNMENTAL AGENCIES. 8 8 8 24 0 0 1211825 408413 3062 1200 307 369 0 0 1215194 409982 0 0 0 0 269706 327459 0 0 44214 957415 74998 1227121 402457 -11927 7525 90791 102163 26724 30570 64067 71593 MAKING CHANGE, INC. PROVIDES FREE ONE-ON-ONE FINANCIAL COUNSELING TO INDIVIDUALS, AS WELL AS CUSTOMIZED FINANCIAL EDUCATION IN GROUP SETTINGS THROUGH ITS PARTNERSHIPS WITH LOCAL EMPLOYERS, COMMUNITY ORGANIZATIONS AND GOVERNMENTAL AGENCIES. 0 0 250422 1200 FINANCIAL COUNSELING: OUR MISSION IS ACHIEVED BY PROVIDING FINANCIAL SEMINARS, PERSONAL FINANCIAL COACHING, AND FREE TAX PREPARATION SERVICES, AS WELL AS, OUTREACH EFFORTS. ALTHOUGH OUR PROGRAMS ADDRESS ISSUES OF CONCERN TO PEOPLE OF ALL AGES AND INCOME LEVELS, WE FOCUS PRIMARILY ON LOW INCOME POPULATIONS. OUR INTENT IS TO HELP INDIVIDUALS WORK TOWARDS SELF-SUFFICENCY. WE CONTINUE TO PARTNER WITH COMMUNITY ORGANIZATIONS TO INCREASE THE NUMBER OF PEOPLE WHO BENEFIT FROM OUR PROGRAMS. 250422 1 1 0 0 0 0 0 0 0 0 0 0 0 1 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 0 0 0 0 1 0 0 8 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MAKING CHANGE INC 4435187650 9770 PATUXENT WOODS DRIVE COLUMBIA MD 21046 X DEBORAH A COLSON CHAIR 5.00 X X 0 0 0 ASHLEY LAZAREWICZ TREASURER 5.00 X X 0 0 0 VALERIE JAMES SECRETARY 5.00 X X 0 0 0 KATIE DEAN DIRECTOR 5.00 X 0 0 0 JASON WHONG DIRECTOR 5.00 X 0 0 0 CATHERINE B HARRINGTON DIRECTOR 5.00 X 0 0 0 ASHLIE SOWERS DIRECTOR 5.00 X 0 0 0 JASMINE BREWER EXECUTIVE DIRECTOR 40.00 X 127500 0 0 127500 0 0 1 0 0 0 0 297458 110955 408413 PROGRAM SERVICE FEES 900099 1200 1200 1200 369 369 409982 1569 0 0 129583 32396 58312 38875 171240 166445 4795 3187 837 1442 908 23449 14747 5358 3344 11444 11444 11559 6129 4522 908 2722 1892 830 13510 13510 4879 4879 859 859 3041 1729 1176 136 PROGRAM EXPENSES 21035 20905 130 STAFF DEVELOPMENT 3162 3162 TELEPHONE 1933 1933 DUES AND SUBSCRIPTIONS 748 748 106 -612 675 43 402457 250422 107821 44214 37325 34611 24120 45757 3512 4508 3961 21326 17834 90791 102163 1456 697 25268 29873 26724 30570 X 64067 71593 64067 71593 90791 102163 7525 1 0 X 0 0 0 X 165083 183310 289951 1211825 408413 2258582 165083 183310 289951 1211825 408413 2258582 2258582 1324 63 17 307 369 2080 2260662 4262 0.99910 0.99870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SECURITY DEPOSITS 432 RIGHT OF USE ASSETS 16016 DUE FROM OTHERS 1386 17834 LEASE LIABILITIES 17373 UNEARNED REVENUE 12500 29873 X PART X, LINE 2: MAKING CHANGE,INC. ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION, INCOME TAXES (ASC 740). ASC 740 REQUIRES THAT A TAX POSITION BE RECOGNIZED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON MAKINGCHANGE, INC'S AUDITED STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES. MAKINGCHANGE, INC. DOES NOT BELIEVE THEIR FINANCIAL STATEMENTS INCLUDE (OR REFLECT) ANY UNCERTAIN TAX POSITIONS, HOWEVER FISCAL YEARS 2020 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE IRS AND STATE AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF FORM 990 WAS SUBMITTED TO THE GOVERNING BODY. AFTER THE TREASURER AND THE PRESIDENT REVIEW IT, IT IS RELEASED BACK TO AUDITOR FOR COMPLETION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EVERYONE INCLUDING BOARD MEMBERS TO DISCLOSE CONFLICT OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES COMPENSATION - THE CURRENT EXECUTIVE DIRECTOR (ED) IS PAID. KEY EMPLOYEES ARE DETERMINED BY THE ED AFTER SHE COMPARES SALARIES TO OTHER GROUPS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION ALSO MAKES ITS FINANCIAL STATEMENTS AVAILABLE THROUGH MAKINGCHANGESCENTER.ORG AND GUIDESTAR.ORG. FORM 990, PART VII, SECTION A, COLUMN D COMPENSATION FOR THE EXECUTIVE DIRECTOR OF $127,500 WAS INCORRECTLY SHOWN AS COMPENSATION OF A BOARD MEMBER. AMENDED RETURN HAS BEEN FILED TO PROPERLY SHOW NO COMPENSATION TO BOARD MEMBERS AND CORRECTLY SHOW EXECUTIVE DIRECTOR COMPENSATION (COLUMN D) OF $127,500.