Nonprofit · EIN 53-0132493
NATIONAL FOUNDATION FOR CREDIT COUNSELING INC
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,621,347 | $8,989,733 | -$368,386 | $6,325,266 | $2,578,581 | $3,746,685 |
| December 31, 2023 | 990 | $9,663,493 | $10,982,606 | -$1,319,113 | $7,689,049 | $3,606,156 | $4,082,893 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,374,114
- of which government grants
- $818,585
- Program service revenue
- $5,122,747
- Investment income
- $124,486
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,538,301
- Compensation of officers, directors and key employees
- $1,090,884
- Other salaries and wages
- $1,886,082
- Salaries, compensation and benefits (total)
- $3,505,945
- Professional fundraising fees
- $0
- Legal fees
- $88,182
- Accounting fees
- $64,524
- Occupancy
- $188,636
- Travel
- $132,372
- Depreciation
- $95,732
- Program services (functional)
- $6,512,559
- Management and general (functional)
- $2,116,083
- Fundraising (functional)
- $361,091
Balance sheet and other
- Total assets, start of year
- $7,689,049
- Total assets, end of year
- $6,325,266
- Total liabilities, end of year
- $2,578,581
- Net assets, end of year
- $3,746,685
- Land, buildings and equipment
- $168,951
- Publicly traded securities
- $3,098,125
- Net assets without donor restrictions
- $1,879,883
- Net assets with donor restrictions
- $1,866,802
- Gross receipts
- $8,621,347
- Employees
- 19
- Volunteers
- 16
- Year formed
- 1970
- State of legal domicile
- DC
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 | Other / benefits |
|---|---|---|---|---|
| MICHAEL CROXSON | CEO Officer | 50 | $508,543 | $153,938 |
| JENNIFER LANDIS PIZI | COO Key employee | 50 | $314,205 | $68,995 |
| MATTHEW RIBE | GENERAL COUNSEL Highest-paid employee | 50 | $178,640 | $39,917 |
| ELLEN GOURY | VP, FINANCE & HR Officer | 50 | $178,831 | $26,417 |
| KRISTIN ALEXANDER | CDO - UNTIL 11/2024 Highest-paid employee | 50 | $196,477 | $8,219 |
| HERMOND PALMER | VP, OUTREACH & INCLUSION Highest-paid employee | 50 | $193,287 | $6,812 |
| BRUCE MCCLARY | SVP, MEDIA RELATIONS & MEMBERSHIP Highest-paid employee | 50 | $142,606 | $13,866 |
| JESSICA BLAIS | SVP, MARKETING Highest-paid employee | 50 | $136,908 | $9,409 |
| JAY DESMARTEAU | CHAIR AS OF 08/2024 Trustee or director, Officer | 1 | $0 | $0 |
| DEBBIE BIANUCCI | CHAIR UNTIL 08/2024 Trustee or director, Officer | 1 | $0 | $0 |
| GENGER CHARLES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JIM TRIGGS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FAISAL UDDIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GLORIA BANKS | TRUSTEE UNTIL 05/2024 Trustee or director | 1 | $0 | $0 |
| GARY VOLLMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER CAMAIONE-LIND | TRUSTEE Trustee or director | 1 | $0 |
| GEORGE JANAS | TRUSTEE Trustee or director | 1 | $0 |
| CHRISTOPHER VIALE | TRUSTEE Trustee or director | 1 | $0 |
| SARAH GOLDFRANK | TRUSTEE Trustee or director | 1 | $0 |
| ELEANOR HOHMAN | TRUSTEE Trustee or director | 1 | $0 |
| AMY HELEN | TRUSTEE Trustee or director | 1 | $0 |
| JILL FELDMAN | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL GROSSBERG | TRUSTEE Trustee or director | 1 | $0 |
| KAVITA KAMDAR | TRUSTEE Trustee or director | 1 | $0 |
| KRISTEN HOLT | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL CROXSON | CEO Officer | 50 | $374,668 | $154,529 |
| JENNIFER LANDIS PIZI | COO Key employee | 50 | $352,872 | $82,634 |
| JEFFREY FAULKNER - UNTIL 52023 | CFO, HEAD OF FUNDRAISING & RESEARCH Officer | 50 | $217,687 | $11,630 |
| MATTHEW RIBE | GENERAL COUNSEL Highest-paid employee | 50 | $161,625 | $47,621 |
| ELLEN GOURY | VP, FINANCE & HR Highest-paid employee | 50 | $166,475 | $38,103 |
| HERMOND PALMER | VP, OUTREACH & INCLUSION Highest-paid employee | 50 | $169,710 | $25,388 |
| BRUCE MCCLARY | SVP, MEDIA RELATIONS & MEMBERSHIP Highest-paid employee | 50 | $136,119 | $20,356 |
| JESSICA BLAIS | SVP, MARKETING Highest-paid employee | 50 | $131,980 | $15,715 |
| DEBBIE BIANUCCI | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GENGER CHARLES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JIM TRIGGS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAY DESMARTEAU | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GLORIA BANKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER CAMAIONE-LIND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DUANE ELMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JILL FELDMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SARAH GOLDFRANK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL GROSSBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELEANOR HOHMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE JANAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT LAUGHLIN | TRUSTEE - UNTIL 8/2023 Trustee or director | 1 | $0 | $0 |
| HELENE RAYNAUD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FAISAL UDDIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER VIALE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY VOLLMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2033 K ST NW STE 425, WASHINGTON, DC 20006-1018
- Principal officer (990 for 2024)
- MICHAEL CROXSON, 2033 K STREET NW 425, WASHINGTON, DC 20006
- Signed the 990
- MICHAEL CROXSON, CEO
- Phone
- (202) 677-4314
- Website
- WWW.NFCC.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO LEAD A NATIONAL MOVEMENT THAT BETTER EQUIPS AMERICANS TO MANAGE THEIR FINANCIAL FUTURES AND, IN TURN, ADVANCES THE ECONOMY AND OUR NATION AS A WHOLE. FOUNDED IN 1951, THE NATIONAL FOUNDATION FOR CREDIT COUNSELING (NFCC) IS THE OLDEST NONPROFIT DEDICATED TO IMPROVING PEOPLE'S FINANCIAL WELL-BEING. WITH 52 MEMBER AGENCIES AND OVER 1,200 NFCC CERTIFIED CREDIT COUNSELORS SERVING 50 STATES AND ALL U.S. TERRITORIES, OUR NFCC CERTIFIED CREDIT COUNSELORS ARE FINANCIAL ADVOCATES, EMPOWERING MILLIONS OF CONSUMERS TO TAKE CHARGE OF THEIR FINANCES THROUGH ONE-ON-ONE FINANCIAL REVIEWS THAT ADDRESS CREDIT CARD DEBT, STUDENT LOANS, HOUSING DECISIONS, AND OVERALL MONEY MANAGEMENT.
Program accomplishments
- MEMBERSHIP SUPPORT: FOSTER MEMBER COMMUNICATIONS; HOLD MEMBER MEETINGS AND ANNUAL CONFERENCE; PROVIDE COUNSELOR CERTIFICATION; PROVIDE A PATH TO ASSISTANCE FOR CONSUMERS VIA THE CONSUMER'S PREFERRED METHOD (CURRENTLY PHONE AND ONLINE FORM, WHILE BUILDING-OUT VIDEO AND DIGITAL ENTRY OPTIONS). MAINTAIN RELATIONSHIPS WITH CREDIT-GRANTING ORGANIZATIONS TO SUPPORT CLIENTS AND MEMBER ORGANIZATIONS, BUILD AWARENESS FOR MISSION THROUGH MEDIA OUTREACH.Expenses $3,851,834 · grants $49,654
- HOUSING COUNSELING: DEVELOP AND MAINTAIN PARTNERSHIPS WITH COALITION OF HUD INTERMEDIARIES, INCLUDING MORTGAGE LENDERS AND SERVICERS, TO HELP MEMBERS ASSIST CONSUMERS WITH PRE-HOME OWNERSHIP (PRE-PURCHASE) COUNSELING, POST-PURCHASE COUSENLING TO HELP ENSURE THAT NEW OWNERS CAN REMAIN IN THEIR HOMES, EVICTION (FOR RENTERS) AND FORECLOSURE PREVENTIONExpenses $1,899,774 · grants $1,030,789 · revenue $5,122,747
- GENERAL FINANCIAL EDUCATION: DEVELOP AND SUPPORT FINANCIAL EDUCATION FOR CONSUMERS; DEVELOP PARTNERSHIPS WITH OTHER ORGANIZATIONS TO ADDRESS THE NEED FOR PERSONAL FINANCIAL LITERACY. NFCC MEMBER AGENCIES HAVE PROVIDED EDUCATION AND ASSISTANCE TO 35 MILLION PEOPLE SINCE 2006.Expenses $527,821 · grants $330,290
- Expenses $233,130 · grants $127,568
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
- 53-0132493
- 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)
- Group exemption
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51Z)
- Group exemption
- 2545 (4 member organizations)
- Assets (IRS master file)
- $6,325,266
- Income (IRS master file)
- $8,621,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,621,347 | $8,989,733 | $6,325,266 | XML |
| 990 | December 2023 | $9,663,493 | $10,982,606 | $7,689,049 | XML |
| 990 | December 2022 | $9,648,541 | $9,984,405 | $9,402,187 | IRS |
| 990 | December 2021 | $8,760,104 | $9,369,612 | $8,192,491 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 53-0132493).
Questions about NATIONAL FOUNDATION FOR CREDIT COUNSELING INC
- What is the EIN of NATIONAL FOUNDATION FOR CREDIT COUNSELING INC?
- The employer identification number (EIN) of NATIONAL FOUNDATION FOR CREDIT COUNSELING INC is 53-0132493.
- Is NATIONAL FOUNDATION FOR CREDIT COUNSELING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to NATIONAL FOUNDATION FOR CREDIT COUNSELING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does NATIONAL FOUNDATION FOR CREDIT COUNSELING 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 FOUNDATION FOR CREDIT COUNSELING 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 FOUNDATION FOR CREDIT COUNSELING 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 FOUNDATION FOR CREDIT COUNSELING INC?
- The 990 for the year ended December 31, 2024 names MICHAEL CROXSON.
- Who are the officers and directors of NATIONAL FOUNDATION FOR CREDIT COUNSELING INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 8 received compensation from the organization, the highest $508,543 (MICHAEL CROXSON, CEO).
- How much revenue does NATIONAL FOUNDATION FOR CREDIT COUNSELING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,621,347, expenses of $8,989,733 and total assets of $6,325,266 at year end.
Organizations in its group exemption (4)
- CONSUMER CREDIT COUNSELING SERVICE OF WESTERN NORTH CAROLINA INC EIN 56-1056077 · ASHEVILLE, NC · last filed 990 for 2025
- CONSUMER CREDIT COUNSELING INC EIN 66-0471799 · SAN JUAN, PR · last filed 990 for 2024
- NATIONAL FOUNDATION FOR CONSUMER CREDIT INC EIN 23-7124716 · PARKERSBURG, WV · last filed 990 for 2024
- RUSHMORE CONSUMER CREDIT RESOURCE CENTER EIN 23-7364664 · RAPID CITY, SD · last filed 990 for 2025
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