2022-05-11T14:08:15-05:00 2021-06-30 561304727 BLACKMAN & SLOOP CPAS PA 1414 RALEIGH RD SUITE 300 CHAPEL HILL NC 27517 990 2020-07-01 562106758 CONSUMER EDUCATION SERVICES INC CONS 9198615340 3700 BARRETT DR RALEIGH NC 27609 MICHAEL CROXSON CEO 9198615340 2022-05-10 1 MICHAEL CROXSON 999009999 ANDREA WOODELL EASON P00361629 9199428700 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL CROXSON 3700 BARRETT DR RALEIGH NC 27609 12482231 0 X WWW.CESISOLUTIONS.ORG X 1988 NC TO EMPOWER PEOPLE TO OVERCOME THEIR FINANCIAL CHALLENGES AND LEAD FINANCIALLY-HEALTHY LIVES. 6 6 82 20 0 0 1771841 2336133 4974016 3435370 942118 1271210 202961 69922 7890936 7112635 0 250000 0 0 4085827 4163202 0 0 0 2947941 2394215 7033768 6807417 857168 305218 23548010 26795782 2233183 1770718 21314827 25025064 X CONSUMER EDUCATION SERVICES, INC. EMPOWERS PEOPLE TO OVERCOME THEIR FINANCIAL CHALLENGES AND LEAD FINANCIALLY-HEALTHY LIVES. 0 0 4010587 2721096 THIS PROGRAM ASSISTS CLIENTS IN MANAGING THEIR PERSONAL FINANCES THROUGH THE PROVISION OF DEBT MANAGEMENT SERVICES, CREDIT COUNSELING, EDUCATION AND TRAINING, AND BUDGET PLANNING. CESI OFFERS ASSISTANCE OVER THE PHONE, ONLINE, AND IN PERSON. CERTIFIED CREDIT COUNSELOR'S DISCUSS VARIOUS OPTIONS WITH CLIENTS REGARDING FINANCIAL DECISIONS. THEY ASSESS INDIVIDUALS' PERSONAL FINANCIAL SITUATIONS AND ASSIST THEM IN DEVELOPING A BUDGET IN ORDER TO IMPROVE THEIR OVERALL CREDIT. DURING THE FISCAL YEAR ENDING JUNE 30, 2021 APPROXIMATELY 10,496 FINANCIALLY DISTRESSED INDIVIDUALS RECEIVED CREDIT COUNSELING AND FREE EDUCATIONAL RESOURCE MATERIALS. 490780 69922 COMMUNITY EDUCATION OUTREACH: CESI SUPPORTS THE ADVANCEMENT OF FINANCIAL LITERACY EDUCATION WITHIN LOCAL AND STATE COMMUNITIES THROUGH A STRONG COMMUNITY OUTREACH PROGRAM. OUTREACH EFFORTS INCLUDE GROUP EDUCATION PROGRAMS, USUALLY IN PARTNERSHIP WITH LOCAL COMMUNITY AGENCIES OR EDUCATIONAL INSTITUTIONS. THE SECOND PART OF THE CESI OUTREACH PROGRAM EFFORT IS IN THE FORM OF FREE INDIVIDUAL FINANCIAL COUNSELING AT THE CESI CENTER WITH AN ACCREDITED CESI COUNSELOR. DURING THE YEAR ENDED JUNE 30, 2021, CESI CONDUCTED 74 CLASSES ASSISTING APPROXIMATELY 867 INDIVIDUALS. CESI OFFERS NUMEROUS FINANCIAL EDUCATIONAL RESOURCES, WHICH ARE EASILY ACCESSED BY ALL CONSUMERS AND NOT JUST CESI CUSTOMERS. THESE RESOURCES ARE DESIGNED TO HELP CONSUMERS BETTER MANAGE THEIR FINANCES AND TO ACHIEVE THE GOAL OF BECOMING DEBT FREE. IN ADDITION, CONSUMERS MAY PARTICIPATE IN CESI'S FREE ONLINE COURSES THROUGH CESI COMPREHENSIVE GUIDE TO PERSONAL FINANCE, WHICH PROVIDES A COMPREHENSIVE FINANCIAL LITERACY CURRICULUM THAT OFFERS SELF-PACED INSTRUCTIONAL SESSIONS. THIS PROGRAM ASSISTS CONSUMERS WITH THE NECESSARY SKILLS TO IMPROVE THEIR FINANCIAL MANAGEMENT PRACTICES THAT INCLUDE DEBT MANAGEMENT, MINIMIZING CREDIT CARD SPENDING, AND DEVELOPING A BUDGET. CESI ALSO OFFERS A VARIETY OF EDUCATIONAL RESOURCES THAT INCLUDE PERSONAL FINANCIAL CALCULATORS, A BI-MONTHLY E-NEWSLETTER, EDUCATIONAL BLOGS ON ON-LINE COMMUNITY MESSAGE BOARDS, AS WELL AS VARIOUS E-LEARNING RESOURCES SUCH AS VIDEO WEBCASTS. 340975 321435 BANKRUPTCY COUNSELING - CESI OFFERS BANKRUPTCY COUNSELING FOR INDIVIDUALS IN NEED OF EITHER PRE-FILING CREDIT COUNSELING OR POST-FILING DEBTOR EDUCATION. BEFORE AN INDIVIDUAL FILES FOR CHAPTER 7 OR CHAPTER 13 BANKRUPTCY, A CREDIT COUNSELING CERTIFICATE FROM AN EXECUTIVE OFFICE FOR UNITED STATES TRUSTEES (EOUST) APPROVED AGENCY IS REQUIRED. CESI PROVIDES THE REQUIRED COUNSELING FOR OUR CLIENTS IN ORDER TO OBTAIN THE CERTIFICATE. THIS CAN BE DONE BOTH ONLINE AND BY PHONE. AFTER COMPLETING THE CREDIT COUNSELING AND FILING FOR BANKRUPTCY, INDIVIDUALS ARE REQUIRED TO COMPLETE A DEBTOR EDUCATION COURSE BY AN EOUST APPROVED PROVIDER. THIS COURSE IS OFFERED BOTH ONLINE AND BY PHONE. BOTH PRE-CREDIT COUNSELING AND POST-CREDIT COUNSELING ARE PERFORMED BY CERTIFIED COUNSELORS. 526210 250000 392839 THE HOUSING HOMEOWNERSHIP CENTER PROMOTES ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING FINANCIAL PROGRAMS AND SERVICES FOR LOW AND MODERATE INCOME CLIENTS. THE HOUSING PROGRAM OFFERS A WIDE VARIETY OF HOUSING COUNSELING SERVICES TO POTENTIAL HOMEBUYERS AND CURRENT HOMEOWNERS. THESE SERVICES INCLUDE EDUCATION THROUGH GROUP SESSIONS AND ON-ON-ONE COUNSELING. THE AREAS OF FOCUS ARE PRE-PURCHASE EDUCATION AND COUNSELING, LOSS MITIGATION COUNSELING, FORECLOSURE PREVENTION COUNSELING, AND REVERSE MORTGAGE COUNSELING. 526210 250000 392839 5368552 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 82 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC WV IL OR X X X STEVEN COLE 9198615324 3700 BARRETT DRIVE RALEIGH NC 27609 ALEXIS NELSON BOARD MEMBER 5.00 5.00 X 0 0 0 WAYNE STALLINGS BOARD MEMBER 5.00 X 0 0 0 ROBERT FITZGERALD BOARD MEMBER 5.00 X 0 0 0 NAVEED IFTIKHAR BOARD MEMBER 5.00 X 0 0 0 AMY BLACKWELL CHAIRMAN 5.00 5.00 X X 0 0 0 DIANE CHEN SECRETARY 5.00 5.00 X X 0 0 0 MICHAEL CROXSON PRESIDENT/CEO 30.00 10.00 X X 258858 0 29801 STEVEN COLE TREASURER 40.00 X X 104295 0 15079 JEAN ELIAS VICE PRESIDENT OF MARKETING 40.00 X 154316 0 14643 517469 0 59523 3 0 1 0 GOOGLE PO BOX 39000 SAN FRANCISCO CA 94139 MARKETING 212848 ENVOY MEDIA 30721 RUSSELL RANCH RD STE 140 WESTLAKE VILLAGE CA 91362 MARKETING 103257 2 778400 1557733 2336133 DEBT MANAGEMENT PROGRAM 522298 2721096 2721096 HOUSING SERVICES 531390 392839 392839 COUNSELING PROGRAMS 541990 321435 321435 3435370 374388 374388 6266418 5369596 896822 896822 896822 MISCELLANEOUS 900099 69922 69922 69922 7112635 3505292 0 1271210 250000 250000 378225 75645 302580 2901754 2376291 525463 612998 479757 133241 270225 206018 64207 101437 101437 222905 93769 129136 681184 673887 7297 303379 242704 60675 117929 94343 23586 5316 4253 1063 126 101 25 123 123 59865 50886 8979 69621 55697 13924 CREDIT COUNSELING 346839 346839 MISCELLANEOUS 144959 121471 23488 BANK FEES 141614 128216 13398 BANKRUPTCY COUNSELING 99877 99877 99041 68798 30243 6807417 5368552 1438865 0 4173058 4076764 30370 30373 394045 333845 500 28606 55110 1442280 412578 1089568 1029702 14490130 18395778 3341733 2874210 23548010 26795782 317955 326496 695656 492968 797808 793400 421764 157854 2233183 1770718 X 21114827 24812564 200000 212500 21314827 25025064 23548010 26795782 305218 3405019 0 X X 0 1 X 1 0 X 1851114 1900594 1794060 1771841 2336133 9653742 1851114 1900594 1794060 1771841 2336133 9653742 2177152 7476590 532648 627790 486171 526873 374388 2547870 80913 69922 150835 12352447 0.60530 0.55590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER MISCELLANEOUS INCOME - 2019 AMOUNT: $ 80,913. 2020 AMOUNT: $ 69,922. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 156896 156896 1214058 370358 843700 26728 22151 4577 44598 20069 24529 1029702 INTANGIBLE PROPERTY 2200000 NONQUALIFIED RETIREMENT PLAN ASSETS 157854 SECURITY DEPOSITS 3748 FUNDS HELD ON BEHALF OF OTHERS 512608 2874210 NONQUALIFIED RETIREMENT PLAN LIABILITES 157854 157854 10416216 3405019 3405019 7011197 101438 101438 7112635 6455979 0 6455979 101438 250000 351438 6807417 PART IV, LINE 2B: CESI OFFERS DEBT MANAGEMENT PROGRAMS TO ASSIST CLIENTS IN PAYING THEIR UNSECURED DEBTS FUNDS RECIEVED FROM CLIENTS PARTICIPATING IN THE DEBT MANAGEMENT PROGRAM ARE DEPOSITED INTO VARIOUS DEPOSITORY ACCOUNTS AND IN TO A SEPARATE FOR THE BENEFIT OF OTHER ACCOUNT (THE "FBO ACCOUNT") ON A DAILY BASIS. FUNDS RESIDING IN THE FBO ACCOUNTS ARE DISBURSED TO CESI'S OPERATING ACCOUNT AS CONTRIBUTIONS MADE TO CESI BY CREDITORS AND/OR CLIENTS. CERTAIN STATES REQUIRE THAT CLIENTS FUNDS BE HELD IN A DEPOSITORY ACCOUNT WITHIN THAT STATE UNTIL THE RESPECTICVE CREDITORS ARE PAID. IN THIS SITUATION CREDITORS ARE PAID FROM MONIES FROM THIS STATE'S DEPOSITORY ACCOUNT. INTEREST INCOME EARNED ON FUNDS HELD IN THE VARIOUS RESTRICTED ACCOUNTS IS USED TO PAY FOR BANK FEES AND OTHER EXPENSES. CESI IS RESPONSIBLE FOR ANY EXCESS EXPENSE ARISING FROM THE ACTIVITIES OF THESE ACCOUNTS. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT TO RELATED PARTY 250,000. 0 CAROLINA COMMUNITY IMPACT INC 3700 BARRETT DRIVE RALEIGH NC 27609 823990062 250000 TO SUPPORT CCI. 1 X 0 0 0 0 0 0 0 0 0 MICHAEL CROXSON PRESIDENT/CEO 258858 0 0 0 0 0 18431 0 11370 0 288659 0 0 0 JEAN ELIAS VICE PRESIDENT OF MARKETING 154316 0 0 0 0 0 10992 0 3651 0 168959 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE PRESIDENT & CEO AND THE DIRECTOR OF FINANCE ARE RESPONSIBLE FOR REVIEWING AND APPROVING THE FORM 990 AND THE FORM 990-T BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ANNUALLY ON A CONFLICT OF INTEREST FORM. ANY KNOWN CONFLICTS OF INTREST REQUIRE IMMEDIATE DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL THE BOARD OF DIRECTORS GENERALLY DETERMINES AND REVIEWS THE SALARY OF THE PRESIDENT AND CEO. COMPENSATION PROCESS FOR OFFICERS THE BOARD OF DIRECTORS GENERALLY DETERMINES AND REVIEWS THE SALARY OF KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION CESI MAKES IT GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. BARRETT RESOURCES LLC 3700 BARRETT DRIVE RALEIGH NC 27609 843406327 PROVIDES TRIAGE FINANCIAL ASSISTANCE TO CONSUMERS NC 29022 CONSUMER EDUCATION SERVICES INC CAROLINA COMMUNITY IMPACT INC 3700 BARRETT DRIVE RALEIGH NC 27609 823990062 LOANS NC 501(C)(3) 12C CONSUMER EDUCATION SERVICES INC 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 CAROLINA COMMUNITY IMPACT INC O 239327 ACTUAL AMOUNT PAID CAROLINA COMMUNITY IMPACT INC Q 62389 ACTUAL AMOUNT PAID CAROLINA COMMUNITY IMPACT INC B 250000 ACTUAL AMOUNT PAID