Ameridebt Inc in Washington, District of Columbia (DC)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Ameridebt Inc | |
| Employer Identification Number (EIN) | 522009020 |
| Name of Organization | Ameridebt Inc |
| In Care of Name | Mark Taylor Chapter 11 Trustee |
| Address | 607 14th St Nw Ste 900, Washington, DC 20005-2019 |
| Activities | Credit counseling an assistance, Described in section 509(a)(2) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 07/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $8,032,537 |
| Amount of Income | $29,467 |
| Form 990 Revenue Amount | $38,695 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Financial Counseling, Money Management |
Non-representatives - add comments:
Amount of income in 2011: $29,467 (it was $38,695 in 2010)
| Ameridebt Inc: | $29,467 |
| Other organizations performing similar types of work: | $156,466 |
Assets in 2011: $8,032,537 (it was $8,025,339 in 2010)
| Ameridebt Inc: | $8,032,537 |
| Other organizations performing similar types of work: | $45,042 |
Expenses in 2011: $187,685
| This organization: | $187,685 |
| Other organizations performing similar types of work: | $135,428 |
Income to expenses ratio in 2011: 0.2
| This organization: | 0.2 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2011: 0.0%
| Ameridebt Inc: | 0.0% |
| Other organizations performing similar types of work: | 90.6% |
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $29,467 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $29,467 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $187,685 | $187,685 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $187,685 | $187,685 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-158,218 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,032,537 | $8,032,537 |
| Cash - non-interest-bearing | $104,719 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $7,927,818 | |
| Total liabilities | $732,322 | |
| Mortgages and other notes payable | $0 | |
| Other | $732,322 | |
| Total liabilities and net assets/fund balances | $7,300,215 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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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 | Life Asset Inc | 1640 Columbia Road Nw, Washington, DC 20009 | DC | 2013-02 | $286,819 |
| 8 | Center For Community Lending | 1667 K St Nw Ste 210, Washington, DC 20006-1612 | DC | 1998-01 | $242,825 |
| 9 | Financial Literacy Education Foundation, Financial Literacy Foundation | 1250 24th Street Nw, Washington, DC 20037 | DC | 2006-05 | $183,613 |
| 10 | Ameridebt Inc | 607 14th St Nw Ste 900, Washington, DC 20005-2019 | DC | 1997-07 | $29,467 |
| 11 | African American Homeownership & Economic Research Institute Inc | 3000 Franklin St Ne, Washington, DC 20018-1437 | DC | 2008-11 | $0 |
| 12 | Financial Literacy Organization For Women | 1629 K Street Nw Suite 300, Washington, DC 20006 | DC | 2011-09 | $0 |
| 13 | Haye Girl, Haye Girl International | 1231 Good Hope Road Se, Washington, DC 20020 | DC | 2007-01 | $0 |
| 14 | Jodi George Financial Education Council | Po Box 5772, Washington, DC 20016 | DC | 2006-09 | $0 |
| 15 | Metro Low Income Housing Counseling Service | 3113 S Dakota Ave Ne, Washington, DC 20018-2639 | DC | 2002-04 | $0 |
| 16 | Mutual Housing Communities | 601 Pennsylvania Ave Nw N Bldg 750, Washington, DC 20004 | DC | 2008-10 | $0 |
| 17 | National Foundation For Debt & Credit Literacy | 5003 7th St Nw, Washington, DC 20011-4013 | DC | 2012-12 | $0 |
| 18 | Successfully Overcoming All Roads | 3004 Channing St Ne, Washington, DC 20018 | DC | 2007-01 | $0 |
| 19 | Washington Association Of Money Managers | 3300 Military Road Nw, Washington, DC 20015 | DC | 2008-04 | $0 |
| 20 | Well Qualified Clients | Po Box 90285, Washington, DC 20018 | DC | 2011-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,240 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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