2024-06-06T16:38:21-05:00 2023-12-31 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2023-01-01 421301505 CONSUMER CREDIT OF DES MOINES CONS 5152876428 6129 SW 63RD STREET DES MOINES IA 50321 THOMAS COATES PRESIDENT 5152876428 2024-06-06 1 THOMAS COATES 999009999 0 STEVE BRUNER P01266887 5152258400 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z THOMAS COATES 6129 SW 63RD STREET DES MOINES IA 50321 1098266 0 X WWW.CONSUMERCREDIT-DM.COM X 1987 IA ASSIST AND EDUCATE CLIENTS IN DEVELOPING PLANS TO REPAY & REDUCE EXCESSIVE PERSONAL INDEBTEDNESS. 7 5 15 0 0 0 163210 50680 941367 1002709 18725 44877 0 0 1123302 1098266 0 0 0 0 802443 830143 0 0 0 493727 468389 1296170 1298532 -172868 -200266 2208561 2147599 281723 422233 1926838 1725366 X ASSIST AND EDUCATE CLIENTS IN DEVELOPING PLANS TO REPAY & REDUCE EXCESSIVE PERSONAL INDEBTEDNESS. 0 0 762805 999010 THE ORGANIZATION PROVIDES ASSISTANCE TO CONSUMERS SEEKING CREDIT COUNSELING, BUDGET AND FINANCIAL ADVICE, AND OFFERS A DEBT MANAGEMENT PROGRAM WHERE APPROPRIATE. THE ORGANIZATION FOLLOWS THE REQUIRED CRITERIA FOR EXEMPTION UNDER INTERNAL REVENUE CODE SECTION 501(Q). DURING 2023, THE ORGANIZATION PROVIDED FREE BUDGET AND CREDIT COUNSELING TO OVER TWO THOUSAND INDIVIDUALS AND FAMILIES WITH APPROXIMATELY 811 ELECTING TO ENTER INTO A DEBT MANAGEMENT PLAN AGREEMENT WITH THE ORGANIZATION. DURING 2023, 417 INDIVIDUALS SUCCESSFULLY COMPLETED THEIR DEBT MANAGEMENT PLANS ADMINISTERED BY THE ORGANIZATION, PAYING OFF ALL THEIR UNSECURED DEBTS IN FULL. 3699 THE ORGANIZATION PROVIDES PRE-BANKRUPTCY COUNSELING TO INDIVIDUAL PARTICIPATING IN THE UNITED STATES TRUSTEE'S PROGRAM.THE ORGANIZATION IS AN APPROVED NONPROFIT BUDGET AND CREDIT COUNSELING AGENCY, HAVING RECEIVED ITS INITIAL APPROVAL AS SUCH FROM THE U.S. DEPARTMENT OF JUSTICE, EXECUTIVE OFFICE FOR UNITED STATES TRUSTEES, IN 2006. IN 2023, THE ORGANIZATION CONDUCTED 119 PRE-BANKRUPTCY COUNSELING SESSIONS, AND THE ORGANIZATION WAIVED OR REDUCED THE ALLOWABLE STATUTORY FEES FOR PRE-BANKRUPTCY COUNSELING IN 50% OF ALL CASES DUE TO CLIENT'S LIMITED RESOURCES OR FINANCIAL HARDSHIP.THE ORGANIZATION ALSO PROVIDES POST-BANKRUPTCY DEBTOR EDUCATION. 61000 THE ORGANIZATION PRESENTS FREE EDUCATIONAL SEMINARS CONCERNING CREDIT COUNSELING, BUDGETING AND FINANCIAL PLANNING TO THE GENERAL PUBLIC THROUGHOUT THE YEAR.THE ORGANIZATION CONTINUED ITS LONG HISTORY OF PROVIDING FREE EDUCATION PROGRAMS TO THE GENERAL PUBLIC DURING 2023. THE ORGANIZATION CONDUCTED IN-PERSON PRESENTATIONS ON VARIOUS CONSUMER CREDIT, BUDGETING AND PERSONAL FINANCE SUBJECTS TO NUMEROUS GROUPS.IN ADDITION, THE ORGANIZATION MAINTAINS A VAST ELECTRONIC EDUCATION LIBRARY ON ITS WEBSITE, WHERE INDIVIDUALS CAN ACCESS INFORMATIONAL MATERIALS COVERING TOPICS ADDRESSING PERSONAL FINANCE AND FINANCIAL LITERACY. 823805 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 15 1 0 0 0 0 0 0 0 0 0 0 X 7 5 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 AL IL WI MN MS OR IA AZ X THOMAS COATES 5152876428 6129 SW 63RD STREET DES MOINES IA 50321 THOMAS COATES PRESIDENT 40.00 X X 167912 0 29729 LEE ANN COATES SECRETARY 5.00 X X 18271 0 0 KATIE OCHANPAUGH TREASURER 32.00 X X 64561 0 20400 DAVID SHELLEDY CHAIRMAN 1.00 X 0 0 0 RICHARD PIATT DIRECTOR 1.00 X 12203 0 0 MARK KIRKLAND DIRECTOR 1.00 X 0 0 0 LINDA JACOB DIRECTOR 1.00 X 0 0 0 262947 0 50129 1 0 1 0 0 50680 50680 CLIENT FEES 541990 707169 707169 FAIR SHARE 541990 291841 291841 US TRUSTEES OFFICE 541990 3699 3699 1002709 44877 44877 1098266 1002709 0 44877 313076 185153 127923 400920 237104 163816 12849 7599 5250 54317 32123 22194 48981 28967 20014 17275 17275 83164 79006 4158 65094 57476 7618 45716 41145 4571 121980 60990 60990 14500 7250 7250 4904 2452 2452 20261 18235 2026 LOCATOR SERVICE FEES 22231 22231 EQUIPMENT EXPENSE 21097 18987 2110 EFT AND BANK SERVICE CH 12888 12888 MISCELLANEOUS 12209 3663 8546 27070 21424 5646 1298532 823805 474727 0 1667362 1486666 107033 80762 97523 109564 14695 22018 293535 279917 18522 13618 160666 159460 142760 275511 2208561 2147599 32603 66633 107033 80762 142087 274838 281723 422233 X 1926838 1725366 1926838 1725366 2208561 2147599 -200266 -1206 0 X X 0 1 X 1 0 X 181247 275611 282175 163210 50680 952923 1292692 1334501 1091524 941367 1002709 5662793 1473939 1610112 1373699 1104577 1053389 6615716 0 171247 137111 255675 125046 39697 728776 171247 137111 255675 125046 39697 728776 5886940 21788 11761 8877 18725 44877 106028 21788 11761 8877 18725 44877 106028 1495727 1621873 1382576 1123302 1098266 6721744 0.87580 0.87090 0.01580 0.01180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 265757 257018 8739 27778 22899 4879 13618 RIGHT-OF-USE ASSETS 275511 275511 LEASE LIABILITY 274838 274838 X 1097060 -1206 -1206 1098266 0 1098266 1298532 0 1298532 0 1298532 PART IV, LINE 2B: TRUST FUNDS PAYABLE ARE COMPRISED OF AMOUNTS RECEIVED FROM CLIENTS AND HELD IN BANK DEPOSITORY ACCOUNTS WHICH ARE SUBSEQUENTLY TRANSFERRED TO THEIR CREDITORS ACCORDING TO THEIR DEBT MANAGEMENT SERVICE PROGRAM. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURES IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. 1 X X X 0 0 0 0 0 0 0 0 0 THOMAS COATES PRESIDENT 167912 0 0 0 0 0 6480 0 23249 0 197641 0 0 0 FINANCIAL MANAGERS LC THOMAS COATES (PRESIDENT) IS A 50% OWNER IN FINANCIAL MANAGERS, LC 75240 FINANCIAL MANAGEMENT, LC IS A PARTNERSHIP OWNED 50% BY THOMAS COATES AND 50% BY CARL AND NANCY COATES. THE PARTNERSHIP OWNS REAL ESTATE A 6129 SW 63RD STREET, DES MOINES, IA AND LEASES IT TO CONSUMER CREDIT OF DES MOINES FOR USE AS ITS CORPORATE OFFICE. THE RENTAL AMOUNT ITS FIXED AND NOT BASED UPON SHARING OF THE ORGANIZATION'S REVENUES. 0 FORM 990, PART VI, SECTION A, LINE 2 LEE ANN COATES (SECRETARY) IS THE SPOUSE OF THOMAS COATES (PRESIDENT) KATIE OCHANPAUGH (TREASURER) IS DAUGHTER OR THOMAS COATES (PRESIDENT) KATIE OCHANPAUGH (TREASURER) IS DAUGHTER OF LEE ANN COATES (SECRETARY) FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NOT FORMED COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE BOARD ARE PROVIDED A COPY FOR APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ADOPTED ITS WRITTEN CONFLICT OF INTEREST POLICY ON JUNE 6, 2006. THE POLICY REQUIRES THAT EACH DIRECTOR AND PRINCIPAL OFFICER ANNUALLY AFFIRM THAT THEY HAVE RECEIVED A COPY OF THE POLICY, HAVE READ AND UNDERSTAND THE POLICY, HAVE COMPLIED WITH THE POLICY, AND UNDERSTAND THAT THE ORGANIZATION IS CHARITABLE, AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION UNDER THE INTERNAL REVENUE CODE 501(C)(3) IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT WAS ESTABLISHED AFTER REVIEWEING FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS AND IS APPROVED BY THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE A MATTER OF PUBLIC RECORD AND CAN BE DOWNLOADED, ALONG WITH VARIOUS OTHER FILINGS, FROM THE IOWA SECRETARY OF STATE. THE ORGANIZATION DOES NOT MAKE ITS BYLAWS, CONFLICT OF INTEREST POLICY OR AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC, NOR IS IT REQUIRED TO DO SO UNDER THE REVISED IOWA NONPROFIT CORPORATION ACT, IOWA CODE CHAPTER 504. PART XII, LINE 2C THE PROCESS FOR THE SELECTION AND OVERSIGHT OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PREVIOUS YEAR. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: INDIVIDUALS PARTICIPATING IN THE UNITED STATES TRUSTEES' PROGRAM. THE ORGANIZATION IS AN APPROVED PROVIDER OF A PERSONAL FINANCIAL MANAGEMENT COURSE, HAVING RECEIVED ITS INITIAL APPROVAL AS SUCH FROM THE U.S. DEPARTMENT OF JUSTICE, EXECUTIVE OFFICE FOR UNITED STATES TRUSTEES IN 2011. IN 2021, THE ORGANIZATION FACILITATED POST-BANKRUPTCY DEBTOR EDUCATION COURSES, IN CERTAIN CASES THE ORGANIZATION WAIVED FEES DUE TO THE CLIENTS LIMITED RESOURCES OR FINANCIAL HARDSHIP. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: RESPONSIBILITY. THE ORGANIZATION TRACKS THE NUMBER OF "HITS" THE WEBSITE LIBRARY RECEIVES. FORM 990, PART VI, SECTION B, LINE 11B: THE ORGANIZATION'S FORM 990 IS EMAILED TO EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY FOR THEIR REVIEW AND COMMENT PRIOR TO ITS SUBMISSION TO THE INTERNAL REVENUE SERVICE.