EIN 53-0132493

National Foundation for Credit Counseling (NFCC)

IRS 501(c) type
501(c)(3)
Num. employees
22
Year formed
1970
Most recent tax filings
2022-12-01
Description
NFCC promotes the national agenda for financially responsible behavior, and builds capacity for its members to deliver the highest-quality financial education and counseling services.
Related structure
NFCC is a parent organization to a group of 18 other organizations.
Total revenues
$9,648,541
2022
Total expenses
$9,984,405
2022
Total assets
$9,402,187
2022
Num. employees
22
2022

Program areas at NFCC

Housing Counseling: develop and maintain partnerships with the united states department of housing and urban development (hud) and industry leaders, 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 prevention (for renters) and foreclosure prevention (for home owners).
General financial education: develop and make available educational materials to member agencies and consumers on the responsible use of Credit; develop partnerships with other organizations to address the need for personal financial literacy. Nfcc member agencies have helped almost 30 million people since 2006.
Membership support: foster member communications; member meetings and annual conference; 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.
Veteran financial education: partner with the association of military banks of america (amba) to provide access to Credit Counseling for veterans, through their veterans benefits banking program, targeted at providiing veterans access to direct deposit and other financial services.small business Counseling: the nfcc began development of a National small business cousneling program which was initially intergrated into the sharpen your financial focus initiative. Member agencies support entrepreneurs' personal financial matters as they launch and manage their business.student loan Counseling: provide a National student loan program to train and support member agencies in Counseling clients with student loan debt to reduce and manage their financial burden and help them on a parth of financial security

Grants made by NFCC

GranteeGrant descriptionAmount
Greenpath IncorporatedSupport for Housing, Credit and Other Financial Counseling$322,103
Cambridge Credit Counseling CorporationSupport for Housing, Credit and Other Financial Counseling$261,287
Money Management International (MMI)Support for Housing, Credit and Other Financial Counseling$260,969
...and 36 more grants made totalling $2,846,720

Who funds National Foundation for Credit Counseling (NFCC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$2,086,007
Synchrony FoundationFunding Supports General Operations and Programming.$750,000
The Bank of America Charitable FoundationProgram/operating Support$200,000
...and 1 more grant received

Personnel at NFCC

NameTitleCompensation
David RichardsonPresident and Chief Executive Officer
Debbie BianucciChair$0
Eleanor HohmanTrustee$0
Mike CroxsonChief Executive Officer$0
Jennifer PiziChief Operating Officer$381,818
...and 39 more key personnel

Financials for NFCC

RevenuesFYE 12/2022
Total grants, contributions, etc.$6,069,586
Program services$3,578,094
Investment income and dividends$861
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,648,541

Form 990s for NFCC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-16990View PDF
2021-122022-10-12990View PDF
2020-122021-07-26990View PDF
2019-122020-10-21990View PDF
2018-122020-02-13990View PDF
...and 9 more Form 990s
Data update history
September 26, 2024
Updated personnel
Identified 3 new personnel
July 14, 2024
Received grants
Identified 2 new grant, including a grant for $200,000 from The Bank of America Charitable Foundation
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $750,000 from Synchrony Foundation
September 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 30, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsHuman service organizationsFamily service centersHeadquarter / parent organizationsCharities
Issues
Human servicesCommunity improvementBusiness and industry
Characteristics
MembershipsLobbyingReceives government fundingTax deductible donationsAccepts online donations
General information
Address
2033 K St NW 425
Washington, DC 20006
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
nfcc.org/ 
Phone
(800) 388-2227
Facebook page
NFCCDebtAdvice 
Twitter profile
@nfccdebtadvice 
IRS details
EIN
53-0132493
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P50: Personal Social Services
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Parent of group exemption
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0292057
FTB Entity ID
5938992
AB 488 data last updated ("as-of") date
2024-10-16
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