National Debt Management Inc in Southfield, Michigan (MI)
Table of contents:
| National Debt Management Inc | |
| Employer Identification Number (EIN) | 205092854 |
| Name of Organization | National Debt Management Inc |
| In Care of Name | Sam Georges |
| Address | 17520 W 12 Mile Rd Ste 105, Southfield, MI 48076-1943 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 10/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $19,949 |
| Amount of Income | $64,834 |
| Form 990 Revenue Amount | $65,407 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Financial Counseling, Money Management |
Non-representatives - add comments:
Amount of income in 2013: $64,834 (it was $63,128 in 2012)
| This organization: | $64,834 |
| Other organizations performing similar types of work: | $156,466 |
Assets in 2013: $19,949 (it was $6,978 in 2012)
| National Debt Management Inc: | $19,949 |
| Other organizations performing similar types of work: | $45,042 |
Expenses in 2013: $63,721
| National Debt Management Inc: | $63,721 |
| Other organizations performing similar types of work: | $135,428 |
Income to expenses ratio in 2013: 1.0
| National Debt Management Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 100.0%
| National Debt Management Inc: | 100.0% |
| Other organizations performing similar types of work: | 90.6% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $49,337 | $63,128 | $65,407 |
| Contributions, gifts, grants, and similar amounts received | $49,337 | $63,128 | $65,407 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $47,528 | $62,555 | $63,721 |
| Total net assets | $-1,613 | $-2,469 | $-783 |
| Excess/Deficit for the year | $1,809 | $573 | $1,686 |
| Net assets or fund balances at beginning of year | $-3,422 | $-1,613 | $-2,469 |
| Other changes in net assets or fund balances | $0 | $-1,429 | $0 |
| Net assets or fund balances at end of year | $-1,613 | $-2,469 | $-783 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $8,352 | $6,978 | $4,233 |
| Total liabilities | $9,965 | $9,447 | $5,016 |
| Net assets or fund balances | $-1,613 | $-2,469 | $-783 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No |
| Total amount involved | $0 | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $65,407 |
| Subtotal | $65,407 |
| Gifts, grants, contributions, and membership fees received | $65,407 |
| 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 | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $65,407 |
| Public support | $65,407 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
| Write your review! |
|
|
| Recently Added Reviews |
Delta Fortitude Foundation in Southfield, MI
  |
Blue Water Pregnancy Care Center in Port Huron, MI
 |
|
Knights Of The Road Motorcycle Club in Detroit, MI
|
| Oakland County Bible Students Inc in Clawson, MI |
|
Mich Volunteer Legionary Corps Of Artillery in Owosso, MI
|
|
Ludington Recreation Soccer Board, Ludington Soccer Club in Ludington, MI
|
| Clinton River Ski Club in Boyne City, MI |
|
Rabbit & Small Animal Rescue in Westland, MI
|
|
Prison Legal Services Of Michigan Inc in Jackson, MI
|
|
Special Dreams Farm in New Baltimore, MI
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Cc Advising Inc | 703 Washington Ave Suite 230-D, Bay City, MI 48708 | MI | 2012-01 | $307,665 |
| 2 | New Seasons Community Development Corporation | 19154 James Couzens, Detroit, MI 48235 | MI | 2007-10 | $183,929 |
| 3 | People First Payee Service | PO BOX 888101, Grand Rapids, MI 49588 | MI | 2009-09 | $170,255 |
| 4 | Center For Community Justice And Advocacy | Po Box 20557, Ferndale, MI 48220 | MI | 2010-06 | $96,000 |
| 5 | Payee Plus | 3871 Trailwood Dr, Okemos, MI 48864-3752 | MI | 2008-06 | $45,522 |
| 6 | Bank On Detroit | 3011 West Grand Blvd 12th Floor, Detroit, MI 48202-3096 | MI | 2012-02 | $26,700 |
| 7 | Coalition For Independent Living | 6185 Mountain Laurel, Brighton, MI 48116 | MI | 2009-06 | $25,268 |
| 8 | Michigan Jumpstart Coalition For Personal Financial Literacy | 41500 Gardenbrook Street, Novi, MI 48375 | MI | 2006-03 | $14,119 |
| 9 | Community Action Credit Counseling | 3963 3 Mile Rd N, Traverse City, MI 49686-9164 | MI | 2011-08 | $1,042 |
| 10 | Aaa Credit Counseling | PO BOX 175, East Lansing, MI 48826-0175 | MI | 2007-09 | $0 |
| 11 | Afb Network Inc | 19191 Hartwell, Detroit, MI 48235 | MI | 2009-05 | $0 |
| 12 | Agape Financial Of Northwest Michigan | 701 Westminster, Traverse City, MI 49686-3526 | MI | 2010-11 | $0 |
| 13 | Brightmoor Solutions Community Development Corporation | Po Box 27286, Detroit, MI 48227 | MI | 2010-08 | $0 |
| 14 | Capital Payee Inc | 2020 Moffitt Street, Lansing, MI 48911 | MI | 2014-07 | $0 |
| 15 | Community Financial Development Agency Inc | 8745 Nottingham Dr, Ypsilanti, MI 48198-3223 | MI | 2012-03 | $0 |
| 16 | Higher Heights Foundation Inc | 20704 Knob Woods Dr Apt 103, Southfield, MI 48076-4029 | MI | 2012-08 | $0 |
| 17 | Humanity Development Corporation | 80040 55th St, Decatur, MI 49045-8179 | MI | 2011-03 | $0 |
| 18 | La Community Development Corporation | 1527 East Larned Apt 1, Detroit, MI 48207 | MI | 2008-06 | $0 |
| 19 | Lets Work It Out Incorporated | PO BOX 3542, Highland Park, MI 48203-0542 | MI | 1995-08 | $0 |
| 20 | New Beginnings Of Hope, Nbhope | 18632 George Washington Dr, Southfield, MI 48075-2507 | MI | 2012-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 1,240 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about National Debt Management Inc »
Non-representatives - add comments about National Debt Management Inc»