Cornerstone Credit Counselors Inc, Aabc-All About Bankruptcy & Credit in Colorado Spgs, Colorado (CO)
Table of contents:
| Cornerstone Credit Counselors Inc, Aabc-All About Bankruptcy & Credit | |
| Employer Identification Number (EIN) | 841340419 |
| Name of Organization | Cornerstone Credit Counselors Inc |
| Secondary Name | Aabc-All About Bankruptcy & Credit |
| In Care of Name | Mark Smith |
| Address | 6295 Lehman Dr Ste B101, Colorado Spgs, CO 80918-8433 |
| Activities | Described in section 509(a)(2) of the Code, Credit counseling an assistance, Evangelism |
| Subsection | Educational Organization |
| Ruling Date | 07/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $48,797 |
| Amount of Income | $231,554 |
| Form 990 Revenue Amount | $231,554 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Financial Counseling, Money Management |
Non-representatives - add comments:
Amount of income in 2011: $231,554 (it was $300,997 in 2010)
| Cornerstone Credit Counselors Inc, Aabc-All About Bankruptcy & Credit: | $231,554 |
| Other organizations performing similar types of work: | $156,466 |
Assets in 2011: $48,797 (it was $65,985 in 2010)
| This organization: | $48,797 |
| Other organizations performing similar types of work: | $45,042 |
Expenses in 2011: $236,464
| This organization: | $236,464 |
| Other organizations performing similar types of work: | $135,428 |
Income to expenses ratio in 2011: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2011: 2.2%
| Cornerstone Credit Counselors Inc, Aabc-All About Bankruptcy & Credit: | 2.2% |
| Other organizations performing similar types of work: | 90.6% |
Revenue for 2011
Functional expenses for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $231,554 |
| Contributions, Gifts, Grants and Other Similar Amounts | $5,000 |
| Program Service Revenue | $226,377 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $177 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $236,464 |
| Compensation of current officers, directors, trustees, and key employees | $93,600 |
| Other salaries and wages | $43,065 |
| Payroll taxes | $12,684 |
| Professional fundraising services | $0 |
| Other | $87,115 |
| Balance Sheet (for 2011) | |
| Total assets | $48,797 |
| Total liabilities | $22,993 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $22,993 |
| Total net assets or fund balances | $25,804 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total support | $1,659,973 |
| Gifts, grants, contributions, and membership fees received | $10,000 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $1,648,173 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $1,800 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Arizona Home Foreclosure Prevention Funding Corporation | 1110 W Washington St, Phoenix, AZ 85007-2952 | AZ | 2012-06 | $15,481,201 |
| 2 | Trinity Credit Counseling Inc | 11229 Reading Rd, Cincinnati, OH 45241-2238 | OH | 1994-12 | $4,190,741 |
| 3 | Access Counseling Inc | 633 W 5th St Ste 26001, Los Angeles, CA 90071-2005 | CA | 2013-03 | $3,426,113 |
| 4 | National Budget Planners Of South Florida Inc | 6278 N Federal Hwy Ste 289, Fort Lauderdale, FL 33308-1916 | FL | 1999-02 | $3,209,932 |
| 5 | Share & Care House, Homeward Bound In Puyallup | Po Box 800, Puyallup, WA 98371 | WA | 2000-08 | $3,155,848 |
| 6 | Abacus Credit Counseling | 17337 Ventura Blvd Ste 226, Encino, CA 91316-3999 | CA | 2009-12 | $2,592,547 |
| 7 | Mpowered | 2009 Wadsworth Blvd Ste 100, Lakewood, CO 80214-5731 | CO | 2002-09 | $778,591 |
| 8 | Community Enterprise Development Services | 1450 S Havana St Ste 504, Aurora, CO 80012-5079 | CO | 2012-08 | $561,127 |
| 9 | Cornerstone Credit Counselors Inc, Aabc-All About Bankruptcy & Credit | 6295 Lehman Dr Ste B101, Colorado Spgs, CO 80918-8433 | CO | 1996-07 | $231,554 |
| 10 | Foundation For Financial Wellness | 6635 S Dayton St, Greenwood Village, CO 80134 | CO | 2014-06 | $24,826 |
| 11 | B & H Financial Educators Inc | 8369 W 75th Way, Arvada, CO 80005-4532 | CO | 2002-09 | $1 |
| 12 | E & R Solutions Inc | 768 S Fairplay Ct, Aurora, CO 80012 | CO | 2003-05 | $0 |
| 13 | Fair Advisors Institute | 11421 Marks Drive, Conifer, CO 80433 | CO | 2011-01 | $0 |
| 14 | Geriatric Financial Tracking Services Inc | 14142 W Evans Cr, Lakewood, CO 80228 | CO | 2014-11 | $0 |
| 15 | Headway America, Access Ministries | 17400 Rimrock Drive, Golden, CO 80401 | CO | 2006-11 | $0 |
| 16 | Home Counseling Services | 5505 Arapahoe Ave, Boulder, CO 80303 | CO | 2009-02 | $0 |
| 17 | Hope Services Inc | 558 E Castle Pines Pkwy Ste B4-116, Castle Pines, CO 80108-3677 | CO | 2011-08 | $0 |
| 18 | Nabcap | 13864 E Bellewood Dr, Aurora, CO 80015 | CO | 2009-08 | $0 |
| 19 | Nurturing Our Village Association, Nova | 4316 Sable St, Denver, CO 80239-5072 | CO | 2011-07 | $0 |
| 20 | Port Of Light Financial Ministry | 5720 Zephyr St, Arvada, CO 80002 | CO | 2013-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,240 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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