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Nonprofit · EIN 82-0491267

DEBT REDUCTION SERVICES INC

Tax-exempt · BOISE, ID 83713

Financials

$2.3M$2.8M2023$2.3M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of DEBT REDUCTION SERVICES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,316,028$2,358,235-$42,207$1,050,280$1,012,381$37,899
December 31, 2023990$2,344,933$2,785,187-$440,254$1,129,668$1,049,562$80,106
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$246,200
Program service revenue
$2,069,828
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$33,645
Salaries, compensation and benefits (total)
$294,201
Professional fundraising fees
$0
Legal fees
$2,180
Accounting fees
$14,750
Occupancy
$83,684
Travel
$4,294
Depreciation
$20,111
Program services (functional)
$1,965,206
Management and general (functional)
$393,029

Balance sheet and other

Total assets, start of year
$1,129,668
Total assets, end of year
$1,050,280
Total liabilities, end of year
$1,012,381
Net assets, end of year
$37,899
Land, buildings and equipment
$54,870
Net assets without donor restrictions
$37,899
Gross receipts
$2,316,028
Employees
26
Volunteers
8
Year formed
1996
State of legal domicile
ID

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.

NameTitleHours / weekCompensationOther / benefits
JOSEPH T CESTAROPRESIDENT AND CEO
Trustee or director, Officer
55$11,442$2,187
CARA STEELETREASURER
Trustee or director, Officer
50$9,535$1,503
RICHARD J MUNSTERSECRETARY
Trustee or director, Officer
40$7,628$1,351
RANDY SIDDOWAYDIRECTOR
Trustee or director
1$0$0
DANIEL BURGETTDIRECTOR
Trustee or director
1$0$0
ANDREA SORENSENDIRECTOR
Trustee or director
1$0$0
LYLE COOKDIRECTOR
Trustee or director
1$0$0
CHRISTINA MAIDIRECTOR
Trustee or director
1$0$0
DARRIN JASZKOWIAKDIRECTOR
Trustee or director
1$0$0
SUE QUINTDIRECTOR
Trustee or director
1$0$0
MARK RIZKOWSKYDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
JOSEPH T CESTAROCEO
Trustee or director, Officer
55$289,480$9,760
MARK L RIZKOWSKYCHIEF COMPLIANCE OFFICER
Officer
50$172,550$10,837
CARA STEELEPRESIDENT
Trustee or director, Officer
50$153,753$9,623
RICHARD J MUNSTERSECRETARY
Officer
40$102,174$9,159
RANDY SIDDOWAYDIRECTOR
Trustee or director
0$0$0
DANIEL BURGETTDIRECTOR
Trustee or director
0$0$0
ANDREA SORENSENDIRECTOR
Trustee or director
0$0$0
LYLE COOKDIRECTOR
Trustee or director
0$0$0
CHRISTINA MAIDIRECTOR
Trustee or director
0$0$0
DARRIN JASZKOWIAKDIRECTOR
Trustee or director
0$0$0
SUE QUINTDIRECTOR
Trustee or director
0$0$0

Address and contacts

Address (IRS master file)
6213 N CLOVERDALE RD STE 130, BOISE, ID 83713-4800
Principal officer (990 for 2024)
CARA STEELE, 6213 N CLOVERDALE RD STE 100, BOISE, ID 83713
Signed the 990
CARA STEELE, PRESIDENT
Phone
(208) 378-0200
Return prepared by
SORREN INC

Mission

OUR MISSION IS TO PROMOTE FINANCIAL RESPONSIBILITY IN OUR CLIENTS AND COMMUNITY MEMBERS NATIONWIDE. WE ACCOMPLISH THIS THROUGH EDUCATIONAL PROGRAMS, COUNSELING, AND PERSONALIZED SERVICES. WE THUS EMPOWER INDIVIDUALS TO DEVELOP AND USE POSITIVE BUDGETING SKILLS AND EFFECTIVE SPENDING BEHAVIORS, TO USE CREDIT WISELY, AND TO PREVENT, MANAGE, AND ELIMINATE CONSUMER DEBT.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATIONAL ACCOMPLISHMENTSDEBT REDUCTION SERVICES, INC. CONTINUED TO STRENGTHEN ITS NATIONAL FINANCIAL EDUCATION PROGRAMS IN 2024. THROUGH VIRTUAL, IN-PERSON, AND SELF-PACED DELIVERY, OUR NONPROFIT PROMOTED FINANCIAL LITERACY, BUDGETING, CREDIT MANAGEMENT, AND HOMEOWNERSHIP READINESS FOR INDIVIDUALS AND FAMILIES ACROSS THE UNITED STATES. IN 1,650 SESSIONS, 2,497 PARTICIPANTS COMPLETED AN EDUCATIONAL ACTIVITY OR COURSE, WHILE 552 ADDITIONAL INDIVIDUALS RECEIVED PERSONALIZED FINANCIAL COACHING AND RESOURCE GUIDANCE THROUGH SHORT EDUCATIONAL CALLS. SIGNATURE PROGRAMS INCLUDED MY LIFE MY CHOICES (STUDENT AND CORRECTIONS EDITIONS), WHO WANTS TO LIVE LIKE A MILLIONAIRE?, AND FINANCIAL ESSENTIALS: RENTER AND HOMEOWNERSHIP PREP AND SAVINGS SUCCESS. CONTINUOUSLY EXPANDING EDUCATIONAL PARTNERSHIPS INCLUDED A FOUR-PART VIRTUAL WORKSHOP SERIES WITH A VIRGINIA NONPROFIT (REACHING 300 PARTICIPANTS) AND A NATIONAL OUTREACH EVENT FOR 90 HIGH SCHOOL STUDENT-ATHLETES. EARLY FINANCIAL EDUCATION REMAINED A PRIORITY, WITH 190 SECOND-GRADE STUDENTS PARTICIPATING IN OUR VIRTUAL BERENSTAIN BEARS "TROUBLE WITH MONEY" READING AND ACTIVITY IN PARTNERSHIP WITH IDAHO SAVES 529 COLLEGE SAVINGS. THROUGH THESE AND OTHER EFFORTS, DRS CONTINUED TO MAKE PRACTICAL FINANCIAL EDUCATION ACCESSIBLE NATIONWIDE.IN 2024, DEBT REDUCTION SERVICES UTILIZED ITS RESOURCES TO EXPAND AND SUPPORT A RANGE OF SIGNIFICANT FINANCIAL EDUCATION PROGRAMS AND SERVICES.HOUSING COUNSELINGIN 2024, WE CONTINUED TO ASSIST HOMELESS FAMILIES AND INDIVIDUALS AND THOSE AT RISK OF BECOMING SO BY USING OUR PARTNERSHIP WITH IDAHO HOUSING AND FINANCE TO USE HOME ARP FUNDS TO KEEP 274 HOUSEHOLDS HOUSED ACROSS IDAHO. GRANT FOR IDAHO'S BALANCE OF STATE. WE ADDITIONALLY OFFERED OUR HOUSING COUNSELING SERVICES TO MORE THAN 100 OTHER CONSUMERS (RENTERS AND HOMEOWNERS) THROUGH HOMEBUYER COUNSELING, FAIR HOUSING EDUCATION AND COUNSELING, AND HECM REVERSE MORTGAGE COUNSELING. WE ALSO SAW OUR REVERSE MORTGAGE COUNSELING SESSIONS FROM 18 IN 2023 TO OVER 70 IN 2024.FINANCIAL EDUCATION AND OUTREACHTHE ORGANIZATION'S FINANCIAL EDUCATION TEAM FACILITATED 1,650 SESSIONS IN 2024, SERVING 2,497 PARTICIPANTS THROUGH COURSES, WORKSHOPS, AND WEBINARS. TOPICS INCLUDED BUDGETING, CREDIT IMPROVEMENT, DEBT REDUCTION, SAVING STRATEGIES, AND RESPONSIBLE SPENDING. AN ADDITIONAL 552 INDIVIDUALS RECEIVED BRIEF EDUCATIONAL CONSULTATIONS BY TELEPHONE, FOCUSING ON BUDGET PLANNING, CREDIT BUILDING, DEBT MANAGEMENT, AND FINANCIAL GOAL SETTING, EACH CONVERSATION REINFORCED WITH REFERRALS TO TRUSTED EDUCATIONAL RESOURCES. AMONG OUR MOST POPULAR AND IMPACTFUL COURSES IN 2024 WERE:- MY LIFE MY CHOICES STUDENT EDITION, COMPLETED BY 1,183 STUDENTS NATIONWIDE (MOSTLY MIDDLE AND HIGH SCHOOL STUDENTS BUT ALSO COLLEGE STUDENTS)- WHO WANTS TO LIVE LIKE A MILLIONAIRE?, PROMOTING MINDFUL SPENDING (122 COMPLETIONS)- SAVINGS SUCCESS, A COURSE ON BUILDING CONSISTENT SAVINGS HABITS (42 COMPLETIONS)- FINANCIAL ESSENTIALS: RENTER AND HOMEOWNERSHIP PREP (21 COMPLETIONS)- CREDIT VOYAGE AND A CREDIT TO YOU: CREDIT BASICS (90 COMPLETIONS)- TEEN BUDGET ACTIVITY (476 COMPLETIONS) AND VACATION BUDGET ACTIVITY (141 COMPLETIONS)AS EXAMPLES OF OUR WORK, WE OFFERED A VIRTUAL BUDGET PRESENTATION FOR 90 HIGH SCHOOL STUDENT-RODEO ATHLETES IN MARCH. FOUR EVENING VIRTUAL WORKSHOPS WITH A VIRGINIA NONPROFIT ENGAGED MORE THAN 300 PARTICIPANTS ON TOPICS OF FINANCIAL SUCCESS, SAVINGS, BANKING, AND BUDGETING.COMMUNITY AND PROFESSIONAL COLLABORATIONDRS CONTINUED ITS COMMITMENT TO OUTREACH AND NETWORK BUILDING BY SPENDING OVER 28HOURS IN COMMUNITY EVENTS AND COLLABORATIVE MEETINGS PROMOTING FINANCIAL LITERACY AND HOUSING STABILITY. ACTIVITIES INCLUDED:- PARTICIPATION IN POCATELLO ACCESS POINT SUPPORTIVE HOUSING GROUPS (6.5 HOURS)- PROGRAM COORDINATING COMMITTEE MEETINGS WITH BOISE CITY-ADA COUNTY HOUSING AUTHORITIES (3 HOURS)- JOINING FORCES EASTERN IDAHO MEETINGS SUPPORTING VETERANS (3 HOURS)- MORE THAN 15 HOURS ACTIVELY ENGAGING WITH EXPERIAN'S WEEKLY @CREDITCHAT ON SOCIAL MEDIA- ACTIVE LIAISON WORK WITH HOUSING AUTHORITIES IN GEORGIA, FLORIDA, AND NEW JERSEY TO CONNECT CLIENTS WITH CREDIT AND HOUSING EDUCATION- SERVICE AS SECRETARY OF THE HOUSING IDAHO COMMITTEE WITHIN THE IDAHO HOUSING AND FINANCE ASSOCIATIONBANKRUPTCY COUNSELING AND EDUCATIONTHE ORGANIZATION MAINTAINED ITS APPROVAL BY THE EXECUTIVE OFFICE FOR U.S. TRUSTEES TO PROVIDE PRE-BANKRUPTCY CREDIT COUNSELING (90 COMPLETIONS) AND POST-BANKRUPTCY PERSONAL FINANCIAL MANAGEMENT EDUCATION (33 COMPLETIONS) NATIONWIDE. ALL SESSIONS ARE AVAILABLE ONLINE FOR CLIENT CONVENIENCE AND ACCESSIBILITY.
    Expenses $1,965,206 · revenue $2,069,828

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-0491267
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P51)
Assets (IRS master file)
$1,050,280
Income (IRS master file)
$2,316,028

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,316,028$2,358,235$1,050,280IRS
990December 2023$2,344,933$2,785,187$1,129,668XML
990December 2022$2,593,429$2,938,233$2,036,838IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 82-0491267).

Questions about DEBT REDUCTION SERVICES INC

What is the EIN of DEBT REDUCTION SERVICES INC?
The employer identification number (EIN) of DEBT REDUCTION SERVICES INC is 82-0491267.
Is DEBT REDUCTION SERVICES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to DEBT REDUCTION SERVICES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DEBT REDUCTION SERVICES 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 DEBT REDUCTION SERVICES 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 DEBT REDUCTION SERVICES 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 DEBT REDUCTION SERVICES INC?
The 990 for the year ended December 31, 2024 names CARA STEELE.
Who are the officers and directors of DEBT REDUCTION SERVICES INC?
The 990 for the year ended December 31, 2024 lists 11 people; 3 received compensation from the organization, the highest $11,442 (JOSEPH T CESTARO, PRESIDENT AND CEO).
How much revenue does DEBT REDUCTION SERVICES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,316,028, expenses of $2,358,235 and total assets of $1,050,280 at year end.

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