Cc Advising INC FY2022 filing

Tax-deductible

Bay City, MI501(c)(3)Human ServicesEIN 27-4608416

Organized for charitable purposes to provide professional credit counseling to people needing assistance in the management of their personal finances, budgeting, and in the sensible use of credit.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $31K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$268K
-46% vs prior year
Spent
$324K
To programs
100%
Net assets
$157K
By yearFY2020–FY2024
Revenue
$268K
FY2022▼ -46%
Revenue by fiscal year
FY2020$552K
FY2021$494K
FY2022$268K
FY2023$416K
FY2024$425K
Expenses
$324K
FY2022▼ -28%
Expenses by fiscal year
FY2020$619K
FY2021$449K
FY2022$324K
FY2023$303K
FY2024$305K
Net assets
$157K
FY2022▼ -26%
Net assets by fiscal year
FY2020$168K
FY2021$213K
FY2022$157K
FY2023$270K
FY2024$390K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $324K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President/ S
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ryan McDonough’s $110K as President/ S is at the 90th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Cc Advising INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people manage personal finances, budget, and use credit wisely through professional counseling.

Provided by the organization

This section is blank until Cc Advising INC claims this page.

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1 program service account for $324K of program spending, described in the organization's own filed words · FY2022.
01

Organized for charitable purposes to provide professional credit counseling to people needing assistance in the management of their personal finances, budgeting, and in the sensible use of credit.

$324Kprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$268K
Ln 12
Fees for servicesLn 2g$266K
Investment incomeLn 3$2K
Money outPt IX
$324K
Ln 25
Programscol B$324K
Owns and owesPt X
$157K
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$157K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$266K
Investment incomeLn 3$2K
Total revenueLn 12$268K
Assets in detailPt X, end of year
CashLn 1$25K
Cash and savings togetherLn 1–2$25K
InvestmentsLn 11–13$131K
Land, buildings, equipmentLn 10c$217
Total assetsLn 16$157K
LiabilitiesLn 26$0
Net assetsLn 32$157K
OperationsPt I, VI
EmployeesI 517
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$12K$25K
InvestmentsLn 11–13$201K$131K
Land, buildings, equipmentLn 10c$434$217
Total assetsLn 16$213K$157K
LiabilitiesLn 26$0$0
Net assetsLn 32$213K$157K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$108K$108K
Payroll taxesLn 10$9K$9K
Management feesLn 11a$92K$92K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$713$713
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$48K$48K
Information technologyLn 14$58K$58K
OccupancyLn 16$6K$6K
Depreciation, depletion and amortizationLn 22$217$217
InsuranceLn 23$1K$1K
Total functional expensesLn 25$324K$324K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $425K$305K$120K$390K 990 PDF
FY2023 $416K$303K$114K$270K 990 PDF
FY2022 Viewing $268K$324K−$56K$157K 990 PDF
FY2021 $494K$449K$45K$213K 990 PDF
FY2020 $552K$619K−$67K$168K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $268,457 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $266,288$266,288
VIII-3 Investment incomeRelated to mission $2,169$2,169
VIII-12 Total revenueRelated to mission $268,457$268,457
Part IX · Statement of functional expenses $324,337 across 11 lines filed
IX-7 Other salaries and wagesPrograms $107,884$107,884
IX-10 Payroll taxesPrograms $8,785$8,785
IX-11a Management feesPrograms $91,663$91,663
IX-11c Accounting feesPrograms $1,035$1,035
IX-11g Other fees for servicesPrograms $713$713
IX-12 Advertising and promotionPrograms $1,757$1,757
IX-13 Office expensesPrograms $47,821$47,821
IX-14 Information technologyPrograms $57,607$57,607
IX-16 OccupancyPrograms $5,542$5,542
IX-22 Depreciation, depletion and amortizationPrograms $217$217
IX-23 InsurancePrograms $1,313$1,313
IX-25 Total functional expensesPrograms $324,337 · Management $0 · Fundraising $0$324,337
Part X · Balance sheet $156,942 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $11,816$25,315
X-10c Land, buildings and equipment, netStart of year $434$217
X-11 Publicly traded securitiesStart of year $200,572$131,410
X-16 Total assetsStart of year $212,822$156,942
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $212,822$156,942
X-33 Total liabilities and net assetsStart of year $212,822$156,942
Part XI · Reconciliation of net assets $156,942 net assets at year end
XI-1 Total revenue$268,457
XI-2 Total expenses$324,337
XI-3 Revenue less expenses−$55,880
XI-4 Net assets at start of year$212,822
XI-10 Net assets at end of year$156,942

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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