Nonprofit · EIN 20-5092854
NATIONAL DEBT MANAGEMENT INC
Tax-exempt · SOUTHFIELD, MI 48076
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $492,855 | $512,366 | -$19,511 | $64,783 | $53,728 | $11,055 |
| December 31, 2023 | 990 | $876,923 | $851,345 | $25,578 | $69,956 | $39,390 | $30,566 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $62,100
- Program service revenue
- $430,755
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $39,000
- Other salaries and wages
- $173,066
- Salaries, compensation and benefits (total)
- $228,967
- Professional fundraising fees
- $0
- Accounting fees
- $3,000
- Occupancy
- $5,412
- Travel
- $3,841
- Depreciation
- $1,825
- Program services (functional)
- $351,315
- Management and general (functional)
- $161,051
Balance sheet and other
- Total assets, start of year
- $69,956
- Total assets, end of year
- $64,783
- Total liabilities, end of year
- $53,728
- Net assets, end of year
- $11,055
- Land, buildings and equipment
- $7,101
- Gross receipts
- $492,855
- Employees
- 4
- Year formed
- 2006
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM GEORGES | PRESIDENT Officer | 20 | $39,000 |
| MADISON TENAGLIA | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| CYNTHIA VILLAUME | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MADISON TENAGLIA | DIRECTOR Trustee or director, Officer | – | $0 |
| CYNTHIA VILLAUME | DIRECTOR Trustee or director, Officer | – | $0 |
| SAM GEORGES | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 17520 W 12 MILE RD, SOUTHFIELD, MI 48076-1945
- In care of
- % SAM GEORGES
- Principal officer (990 for 2024)
- SAM GEORGES, 17520 WEST 12 MILE ROAD STE 105, SOUTHFIELD, MI 48076
- Signed the 990
- CYNTHIA VILLAUME, DIRECTOR
- Phone
- (248) 200-2106
- Website
- WWW.NATIONALDEBTMGT.COM
- Return prepared by
- DELUCA ACCOUNTANCY CORP
Mission
PROVIDING FINANCIAL LITERACY AND EDUCATION TO IMMIGRANTS.
Program accomplishments
- PROVIDING FINANCIAL LITERACY AND EDUCATION TO IMMIGRANTS.Expenses $351,315 · revenue $430,755
- PROVIDING FINANCIAL LITERACY AND EDUCATION TO IMMIGRANTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5092854
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $64,783
- Income (IRS master file)
- $492,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $492,855 | $512,366 | $64,783 | XML |
| 990 | December 2023 | $876,923 | $851,345 | $69,956 | XML |
| 990 | December 2022 | $801,410 | $817,076 | $46,646 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5092854).
Questions about NATIONAL DEBT MANAGEMENT INC
- What is the EIN of NATIONAL DEBT MANAGEMENT INC?
- The employer identification number (EIN) of NATIONAL DEBT MANAGEMENT INC is 20-5092854.
- Is NATIONAL DEBT MANAGEMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to NATIONAL DEBT MANAGEMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL DEBT MANAGEMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL DEBT MANAGEMENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL DEBT MANAGEMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NATIONAL DEBT MANAGEMENT INC?
- The 990 for the year ended December 31, 2024 names SAM GEORGES.
- Who are the officers and directors of NATIONAL DEBT MANAGEMENT INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $39,000 (SAM GEORGES, PRESIDENT).
- How much revenue does NATIONAL DEBT MANAGEMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $492,855, expenses of $512,366 and total assets of $64,783 at year end.
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