NATIONAL FOUNDATION FOR CREDIT COUNSELING INC Charity Report

Public IRS 990 nonprofit record

NATIONAL FOUNDATION FOR CREDIT COUNSELING INC

EIN 53-0132493 · Human Services (P51Z)

What they do

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 PEOPLES 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $72.40 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 leaders25 people are listed in the latest report.

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

Money made simple

75.54%of revenue went to mission work72.4% of expenses · Program services

4.19%of revenue went to fundraising4.0% of expenses

$104.27spent for every $100 of revenueSpending was higher than revenue this year.

24.54%of revenue went to management and office costs23.5% of expenses

$0.70in assets for every $1 spent this yearSome assets cannot be spent right away.

39.1%of its money came from giftsOther money may come from services or investments.

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 $368,386 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $662,481 for MICHAEL CROXSON (CEO). 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$8,621,347

Mission workProgram services$6,512,55975.54% of revenue72.4% of expenses

ManagementOffice and general costs$2,116,08324.54% of revenue23.5% of expenses

FundraisingAsking for donations$361,0914.19% of revenue4.0% of expenses

Total expenses$8,989,733104.27% 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: 72.4% mission · 23.5% management · 4.0% fundraisingTotal expenses: 104.27% of revenue

2023Expense mix: 80.4% mission · 17.9% management · 1.7% fundraisingTotal expenses: 113.65% of revenue

2022Expense mix: 75.2% mission · 22.7% management · 2.0% fundraisingTotal expenses: 103.48% of revenue

2021Expense mix: 81.0% mission · 16.1% management · 2.9% fundraisingTotal expenses: 106.96% of revenue

2020Expense mix: 79.1% mission · 17.1% management · 3.8% fundraisingTotal expenses: 90.79% of revenue

2019Expense mix: 76.4% mission · 20.2% management · 3.3% fundraisingTotal expenses: 85.42% of revenue

2018Expense mix: 76.9% mission · 18.9% management · 4.2% fundraisingTotal expenses: 161.17% of revenue

2017Expense mix: 82.4% mission · 16.2% management · 1.4% fundraisingTotal expenses: 94.05% of revenue

Money in and money out

Revenue$8,621,347

Expenses$8,989,733

Annual shortfall $368,386 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)$6,512,559 · 72.4% of expenses

Management and office costs$2,116,083 · 23.5% of expenses

Fundraising$361,091 · 4.0% of expenses

See all reported dollar amounts

Revenue$8,621,347

Expenses$8,989,733

Assets$6,325,266

Income$8,621,347

Contributions$3,374,114

Mission work (program services)$6,512,559

Fundraising$361,091

Grants given$23,498,337

Average grant$63,854

Management and general$2,116,083

Executive compensation (total)$1,061,318

Stocks and bonds$3,098,125

Accounting fees$64,524

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

MICHAEL CROXSONCEO · 50 hrs/week $662,481Base $508,543 · Other $153,938

JENNIFER LANDIS PIZICOO · 50 hrs/week $383,200Base $314,205 · Other $68,995

MATTHEW RIBEGENERAL COUNSEL · 50 hrs/week $218,557Base $178,640 · Other $39,917

ELLEN GOURYVP, FINANCE & HR · 50 hrs/week $205,248Base $178,831 · Other $26,417

KRISTIN ALEXANDERCDO - UNTIL 11/2024 · 50 hrs/week $204,696Base $196,477 · Other $8,219

HERMOND PALMERVP, OUTREACH & INCLUSION · 50 hrs/week $200,099Base $193,287 · Other $6,812

BRUCE MCCLARYSVP, MEDIA RELATIONS & MEMBERSHIP · 50 hrs/week $156,472Base $142,606 · Other $13,866

JESSICA BLAISSVP, MARKETING · 50 hrs/week $146,317Base $136,908 · Other $9,409

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 (25)

MICHAEL CROXSONCEO

JENNIFER LANDIS PIZICOO

MATTHEW RIBEGENERAL COUNSEL

ELLEN GOURYVP, FINANCE & HR

KRISTIN ALEXANDERCDO - UNTIL 11/2024

HERMOND PALMERVP, OUTREACH & INCLUSION

BRUCE MCCLARYSVP, MEDIA RELATIONS & MEMBERSHIP

JESSICA BLAISSVP, MARKETING

JILL FELDMANTRUSTEE

SARAH GOLDFRANKTRUSTEE

MICHAEL GROSSBERGTRUSTEE

AMY HELENTRUSTEE

CHRISTOPHER CAMAIONE-LINDTRUSTEE

CHRISTOPHER VIALETRUSTEE

KRISTEN HOLTTRUSTEE

KAVITA KAMDARTRUSTEE

JIM TRIGGSSECRETARY

FAISAL UDDINTREASURER

DEBBIE BIANUCCICHAIR UNTIL 08/2024

JAY DESMARTEAUCHAIR AS OF 08/2024

ELEANOR HOHMANTRUSTEE

GLORIA BANKSTRUSTEE UNTIL 05/2024

GEORGE JANASTRUSTEE

GENGER CHARLESVICE CHAIR

GARY VOLLMERTRUSTEE

About this charity

Recognized since: January 1974
Location: 2033 K ST NW STE 425, WASHINGTON, DC 20006-1018
County: District of Columbia
In care of: MICHAEL CROXSON
Primary officer: MICHAEL CROXSON, CEO

How to reach them

WebsiteVisit the charity’s website Phone(202) 677-4314

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Human Services (P51Z)
IRS tax category: Other Individual and Family Services
Grant-giving organization: Yes