INCHARGE EDUCATION FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

INCHARGE EDUCATION FOUNDATION INC

EIN 20-0152720 · Financial Counseling (P51)

What they do

THE FOUNDATION OPERATES for THE BENEFIT of INCHARGE DEBT SOLUTIONS ("IDS") BY PROVIDING FINANCIAL EDUCATION PROGRAMS and MATERIALS to INDIVIDUALS PARTICIPATING IN CREDIT, BANKRUPTCY and HOUSING COUNSELING PROGRAMS, AS WELL AS MARKETING and IT SUPPORT for IDS PROGRAMS. THE FOUNDATION ALSO PROVIDES EDUCATIONAL PRODUCTS and SERVICES to THE GENERAL PUBLIC and CONDUCTS NUMEROUS OUTREACH SEMINARS WITH IDS WHICH ARE AIMED AT IMPROVING THE FINANCIAL LITERACY of ATTENDEES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

89.22%of revenue went to mission work87.8% of expenses · Program services

$101.61spent for every $100 of revenueSpending was higher than revenue this year.

12.39%of revenue went to management and office costs12.2% of expenses

$1.27in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $100,363 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $227,026 for KAREN CARLSON (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,237,222

Mission workProgram services$5,564,92589.22% of revenue87.8% of expenses

ManagementOffice and general costs$772,66012.39% of revenue12.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$6,337,585101.61% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.8% mission · 12.2% management · 0.0% fundraisingTotal expenses: 101.61% of revenue

2023Expense mix: 82.7% mission · 17.3% management · 0.0% fundraisingTotal expenses: 81.22% of revenue

2022Expense mix: 84.5% mission · 15.5% management · 0.0% fundraisingTotal expenses: 100.59% of revenue

2021Expense mix: 85.1% mission · 14.9% management · 0.0% fundraisingTotal expenses: 104.06% of revenue

2020Expense mix: 84.7% mission · 15.3% management · 0.0% fundraisingTotal expenses: 100.70% of revenue

2019Expense mix: 84.0% mission · 16.0% management · 0.0% fundraisingTotal expenses: 56.05% of revenue

2018Expense mix: 85.7% mission · 14.3% management · 0.0% fundraisingTotal expenses: 48.13% of revenue

2017Expense mix: 88.2% mission · 11.8% management · 0.0% fundraisingTotal expenses: 112.31% of revenue

Money in and money out

Revenue$6,237,222

Expenses$6,337,585

Annual shortfall $100,363 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,564,925 · 87.8% of expenses

Management and office costs$772,660 · 12.2% of expenses

See all reported dollar amounts

Revenue$6,237,222

Expenses$6,337,585

Assets$8,051,873

Income$6,937,024

Mission work (program services)$5,564,925

Management and general$772,660

Stocks and bonds$4,581,725

Accounting fees$16,502

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KAREN CARLSONPRESIDENT · 9 hrs/week $227,026Base $197,878 · Other $29,148

SEIJI SHIRAISHIDIR. OF ACCOUNTING AND FINANCE · 1 hrs/week $204,943Base $174,751 · Other $30,192

MIRIAN NACCARATTODIRECTOR OF HUMAN RESOURCES · 5 hrs/week $174,486Base $168,394 · Other $6,092

BILLY SEXTONDIRECTOR OF IT INFRASTRUCTURE · 1 hrs/week $166,691Base $149,443 · Other $17,248

SHAWN WALSHVP OF RELATIONSHIP UNTIL AUGUST · 14 hrs/week $166,496Base $147,640 · Other $18,856

AHMED MOYEENSR. SOFTWARE ENGINEER · 1 hrs/week $138,120Base $123,012 · Other $15,108

MONETTE P MUDIESR. SOFTWARE ENGINEER · 1 hrs/week $133,536Base $114,302 · Other $19,234

SHERANA BAKHSHPMO/QUALITY ASSURANCE MANAGER · 1 hrs/week $124,279Base $116,181 · Other $8,098

JEFF ROHRERLEAD SENIOR FINANCIAL DATA ANALYST · 1 hrs/week $115,316Base $114,118 · Other $1,198

LORETTA RONEYCEO · 2 hrs/week $26,032Base · Other $26,032

JAMES HARRISTRUSTEE · 1 hrs/week $750

TIM BLYTHETRUSTEE · 1 hrs/week $700

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

KAREN CARLSONPRESIDENT

SEIJI SHIRAISHIDIR. OF ACCOUNTING AND FINANCE

MIRIAN NACCARATTODIRECTOR OF HUMAN RESOURCES

BILLY SEXTONDIRECTOR OF IT INFRASTRUCTURE

SHAWN WALSHVP OF RELATIONSHIP UNTIL AUGUST

AHMED MOYEENSR. SOFTWARE ENGINEER

MONETTE P MUDIESR. SOFTWARE ENGINEER

SHERANA BAKHSHPMO/QUALITY ASSURANCE MANAGER

JEFF ROHRERLEAD SENIOR FINANCIAL DATA ANALYST

LORETTA RONEYCEO

JAMES HARRISTRUSTEE

TIM BLYTHETRUSTEE

MONIKA WILCZAKTRUSTEE AS OF DEC.

ROBERT GALLTRUSTEE UNTIL FEB.

ROBERT RUIZTRUSTEE AS OF MARCH

About this charity

Recognized since: January 2007
Location: 5750 MAJOR BLVD 310, ORLANDO, FL 32819
County: Orange
In care of: MIRIAN NACCARATTO
Primary officer: MIRIAN NACCARATTO, CURRENT PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(407) 291-7770

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: JM&M
NTEE classification: Financial Counseling (P51)
IRS tax category: Financial Counseling