Nonprofit · EIN 91-2156504
DEBTWAVE CREDIT COUNSELING INC
Tax-exempt · ESCONDIDO, CA 92025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,177,074 | $2,649,504 | $527,570 | $958,697 | $321,304 | $637,393 |
| December 31, 2024 | 990 | $2,604,961 | $2,610,740 | -$5,779 | $421,176 | $311,353 | $109,823 |
| December 31, 2023 | 990 | $2,888,871 | $3,451,397 | -$562,526 | $524,184 | $408,582 | $115,602 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,016,935
- of which government grants
- $578,355
- Program service revenue
- $2,193,906
- Investment income
- $0
- Net income from fundraising events
- -$48,767
- Other revenue
- -$33,767
Expenses
- Grants and similar amounts paid
- $17,000
- Compensation of officers, directors and key employees
- $359,308
- Other salaries and wages
- $825,430
- Salaries, compensation and benefits (total)
- $1,283,694
- Professional fundraising fees
- $0
- Legal fees
- $15,287
- Accounting fees
- $32,437
- Occupancy
- $674
- Travel
- $485
- Depreciation
- $26,133
- Program services (functional)
- $2,185,438
- Management and general (functional)
- $464,066
Balance sheet and other
- Total assets, start of year
- $421,176
- Total assets, end of year
- $958,697
- Total liabilities, end of year
- $321,304
- Net assets, end of year
- $637,393
- Land, buildings and equipment
- $30,657
- Net assets without donor restrictions
- $637,393
- Gross receipts
- $3,225,841
- Employees
- 20
- Volunteers
- 75
- Year formed
- 2001
- State of legal domicile
- CA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MARSDEN | Executive Dir. Trustee or director, Officer | 40 | $196,864 |
| MICHELLE HAMM | DIRECTOR OF ADMINISTRATION | 40 | $162,444 |
| ANTONY MURIGU | Chairman Trustee or director, Officer | 5 | $0 |
| MICHAEL S BUTSKO | Vice President Trustee or director, Officer | 1 | $0 |
| DOUG TOKARIK | Secretary Trustee or director, Officer | 1 | $0 |
| JAMES MARSH | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN CASARIETTI | Treasurer Trustee or director, Officer | 1 | $0 |
| BRIANNA LEISSOO | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MARSDEN | Executive Dir. Trustee or director, Officer | 40 | $188,692 |
| MICHELLE HAMM | DIRECTOR OF ADMINISTRATION | 40 | $163,136 |
| ANTONY MURIGU | Chairman Trustee or director, Officer | 5 | $0 |
| MICHAEL S BUTSKO | Vice President Trustee or director, Officer | 1 | $0 |
| DOUG TOKARIK | Secretary Trustee or director, Officer | 1 | $0 |
| JAMES MARSH | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN CASARIETTI | Treasurer Trustee or director, Officer | 1 | $0 |
| BRIANNA LEISSOO | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MARSDEN | Executive Dir. Trustee or director, Officer | 40 | $201,096 |
| ANTONY MURIGU | Chairman Trustee or director, Officer | 5 | $0 |
| MICHAEL S BUTSKO | Vice President Trustee or director, Officer | 1 | $0 |
| DOUG TOKARIK | Secretary Trustee or director, Officer | 1 | $0 |
| JAMES MARSH | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN CASARIETTI | Treasurer Trustee or director, Officer | 1 | $0 |
| BRIANNA LEISSOO | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1835A S CENTRE CITY PARKWAY 508, ESCONDIDO, CA 92025-6525
- Signed the 990
- ANTONY MURIGU, Chairman
- Phone
- (888) 686-4040
- Return prepared by
- MATRANGA & COMPANY AN ACCOUNTANCY CORP
California records
California keeps its own records of charities and corporations. Search them by EIN 91-2156504 or by the name DEBTWAVE CREDIT COUNSELING INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
IT IS OUR COMMITMENT TO EDUCATE ON THE PROPER USE OF CREDIT THROUGH BUDGET MANAGEMENT, TO OFFER SOUND COUNSELING AND TO ASSIST CLIENTS TO REDUCE AND ELIMINATE DEBT. WE EDUCATE AND EMPOWER INDIVIDUALS AND FAMILIES TO MAKE SOUND FINANCIAL DECISIONS AND DEVELOP POSITIVE PERSONAL FINANCE HABITS FOR LIFE.
Program accomplishments
- THE ORGANIZATION PROVIDES ONE ON ONE COUNSELING SESSIONS FOR THEIR CLIENTS. THROUGH THIS SERVICE, EACH CLIENT RECEIVES A DETAILED REVIEW OF ALL LIABILITIES, ASSETS, MONTHLY EXPENSES AND MONTHLY INCOME. AT THE CONCLUSION OF EACH SESSION CLIENTS RECEIVE A DETAILED FINANCIAL ANALYSIS REPORT WITH A LIST OF POSSIBLE OPTIONS TO PAY BACK THEIR DEBT. 2,173 COUNSELING SESSIONS WERE COMPLETED IN 2025.Expenses $2,136,671 · revenue $2,193,906
- THE ORGANIZATION HAS A ROBUST EDUCATION AND OUTREACH WHICH IS BUILT AROUND A COMPREHENSIVE PERSONAL FINANCIAL EDUCATION PLATFORMTHAT FOCUSES ON THE OVERALL FINANCIAL HEALTH OF ITS CONSTITUENTS, INCLUDING MEMBERS OF THE MILITARY, YOUTH AND LOW-MODERATE INCOME FAMILIES. THE ORGANIZATION USES A MACRO APPROACH TOWARD TRANSFORMING PEOPLE'S FINANCIAL BEHAVIOR IN A WAY THAT ENCOURAGES THEM TO MAKE A LONG-TERM COMMITMENT TO INCREASING INCOME, DECREASING EXPENSES AND ACQUIRING ASSETS.THE ORGANIZATION PROVIDES SERVICES ACROSS KEY AREAS: FINANCIAL LITERACY, DEBT MANAGEMENT,BUDGETING AND CREDIT COUNSELING WHICH ARE INTEGRATED TOGETHER ALONG WITH ANCILLARY SERVICES PROVIDED BY COMMUNITY PARTNERS IN THE AREAS OF EMPLOYMENT/WORKFORCE DEVELOPMENT AND FINANCIAL EDUCATION/ADVISEMENT. ALL OF THESE SERVICES ARE PROVIDED TO CLIENTS IN A BUNDLED FASHION TO REINFORCE ONE ANOTHER AND TO FORGE A MULTI-FACETED APPROACH TO OVERALL FINANCIAL FITNESS.Expenses $48,767 · grants $17,000 · revenue $78,580
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 | 990 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
- 91-2156504
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $958,697
- Income (IRS master file)
- $3,225,841
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,177,074 | $2,649,504 | $958,697 | XML |
| 990 | December 2024 | $2,604,961 | $2,610,740 | $421,176 | IRS |
| 990 | December 2023 | $2,888,871 | $3,451,397 | $524,184 | XML |
| 990 | December 2022 | $3,200,189 | $3,601,751 | $1,006,587 | 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 91-2156504).
Questions about DEBTWAVE CREDIT COUNSELING INC
- What is the EIN of DEBTWAVE CREDIT COUNSELING INC?
- The employer identification number (EIN) of DEBTWAVE CREDIT COUNSELING INC is 91-2156504.
- Is DEBTWAVE CREDIT COUNSELING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to DEBTWAVE CREDIT COUNSELING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEBTWAVE 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 DEBTWAVE CREDIT COUNSELING INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEBTWAVE CREDIT COUNSELING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of DEBTWAVE CREDIT COUNSELING INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $196,864 (MICHAEL MARSDEN, Executive Dir.).
- How much revenue does DEBTWAVE CREDIT COUNSELING INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,177,074, expenses of $2,649,504 and total assets of $958,697 at year end.
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