2022-09-19T13:54:20-05:00 2021-12-31 521853933 JM&M 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2021-01-01 200152720 INCHARGE EDUCATION FOUNDATION INC INCH 4072917770 5750 MAJOR BLVD 310 ORLANDO FL 32819 WILLIAM R MALSEED PRESIDENT 4072917770 2022-09-15 1 WILLIAM MALSEED 999009999 P01608826 4108840220 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WILLIAM R MALSEED 5750 MAJOR BLVD 310 ORLANDO FL 32819 6220104 0 X WWW.INCHARGEFOUNDATION.ORG X 2003 DE 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. 3 3 33 3 192911 0 0 0 4012913 4538925 80493 229723 12000 4000 4105406 4772648 0 0 0 0 2201705 2996257 0 0 0 1932434 1970002 4134139 4966259 -28733 -193611 6605610 6139493 403447 236774 6202163 5902719 X 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. 0 0 4224640 4346014 EDUCATIONAL PROGRAM DEVELOPMENT/SUPPORT AND OUTREACH - THE FOUNDATION SUPPORTS IDS' MISSION OF PROVIDING EDUCATION FOR IDS FINANCIALLY DISTRESSED INDIVIDUALS AND FAMILIES. THE FOUNDATION FULFILLS THIS MISSION BY PUBLISHING WEBSITE ARTICLES, NEWSLETTERS, ONLINE COURSES, INTERACTIVE TOOLS, AND WORKSHOPS THAT PROVIDE INFORMATION ABOUT MONEY MANAGEMENT, PERSONAL FINANCE AND THE RESPONSIBLE USE OF CREDIT. THE FOUNDATION, IN CONJUNCTION WITH IDS, ALSO CONDUCTS FREE FINANCIAL LITERACY WORKSHOPS AND HOMEBUYER EDUCATION CLASSES FOR THE GENERAL PUBLIC. DURING 2021, NEARLY 900 INDIVIDUALS ATTENDED THE SPONSORED EDUCATIONAL WORKSHOPS AND CLASSES. MILITARY MONEY, A FINANCIAL LITERACY OUTREACH INITIATIVE, PROVIDES FREE FINANCIAL EDUCATION AND TOOLS SUCH AS ONLINE ARTICLES, EBOOKS AND RADIO CLIPS TO SERVICE MEMBERS, VETERANS AND THEIR FAMILIES. MILITARY MONEY RESOURCES CAN BE FOUND AT INCHARGE.ORG/MILITARY-MONEY AND INCLUDE INFORMATION, INSPIRATION AND TOOLS TO HELP SERVICE MEMBERS MAXIMIZE THEIR PERSONAL FINANCIAL POTENTIAL. MILITARY WEBSITE ARTICLES RECEIVED OVER 265,000 VISITS IN 2021. "MILITARY MONEY MINUTES" ARE RADIO CLIPS OFFERING TIMELY ONE-MINUTE FINANCIAL TIPS. THE TIPS ARE BROADCAST SIX TIMES PER DAY ON THE ARMED FORCES RADIO NETWORK AND HAVE A REACH OF ONE MILLION SERVICE MEMBERS. "MILITARY MONEY MINUTES" ARE ALSO MADE AVAILABLE AS PODCASTS ON ITUNES AND OTHER WEBSITES. IN ADDITION, THE FOUNDATION PROVIDES I.T. AND MARKETING SUPPORT FOR THE CREDIT, BANKRUPTCY AND HOUSING COUNSELING PROGRAMS CONDUCTED BY IDS. I.T. SUPPORT CONSISTS OF HARDWARE INFRASTRUCTURE/MAINTENANCE, TELEPHONY SERVICES, SECURITY COMPLIANCE AND SOFTWARE DEVELOPMENT AND RELATED MAINTENANCE. MARKETING SUPPORT INCLUDES WEBSITE DEVELOPMENT AND SUPPORT SERVICES AND ESTABLISHMENT AND MAINTENANCE OF COMMUNICATION CHANNELS DESIGNED TO REACH CONSUMERS WHO CAN MOST BENEFIT FROM THE COUNSELING PROGRAMS CONDUCTED BY IDS. TO HELP ACCOMPLISH ITS MISSION, THE FOUNDATION CONTINUALLY SEEKS PARTNERSHIPS WITH OTHER ORGANIZATIONS. 4224640 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 33 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 FL X WILLIAM R MALSEED 4072917770 5750 MAJOR BLVD 310 ORLANDO FL 32819 RICHARD ANDERSON TRUSTEE 1.00 1.00 X 0 7500 0 JAMES HARRIS TRUSTEE 1.00 1.00 X 0 0 0 ROBERT GALL TRUSTEE 2.00 X 0 0 0 WILLIAM R MALSEED PRESIDENT 3.00 42.00 X 0 269520 14425 ETTA W MONEY SECRETARY/TREASURER 3.00 47.00 X 0 417910 30464 KAREN CARLSON SR. DIR. OF EDUC/DIG. MKT. 11.00 34.00 X 150097 0 22972 SORAIA DEARAUJO VP OF OPERATIONS 1.20 43.80 X 0 233172 23270 ROBERT DARROCH SENIOR SOFTWARE ENGINEER 0.00 45.00 X 127771 0 7629 SHAWN WALSH SR. DIR. OF BUSINESS DEV. 11.00 34.00 X 0 116855 22252 AHMED MOYEEN SR. SOFTWARE ENGINEER 0.00 45.00 X 110008 0 13694 SALLY ERICKSEN SR. DIRECTOR OF IT 0.00 45.00 X 155994 0 22909 SHERANA BAKHSH BUS. SYS. ANALYST/QA LEAD 0.00 45.00 X 109105 0 7793 652975 1044957 165408 5 0 1 0 BEACON HILL STAFFING GROUP PO BOX 846193 BOSTON MA 02284 IT SERVICES 109046 1 EDUCATIONAL PROGRAMS/OUTREACH 611600 4538925 4346014 192911 4538925 147998 147998 4000 4000 1529181 1446958 498 82223 -498 81725 81725 4772648 4346014 192911 233723 94900 80675 14225 2366731 2011963 354768 99468 84558 14910 272206 231404 40802 162952 138526 24426 1070 1070 2700 2700 278124 239639 38485 600 510 90 836901 711452 125449 133512 113499 20013 86633 73647 12986 291982 248215 43767 PUBLIC AWARENESS 228782 194488 34294 RECRUITMENT AND RELOCAT 78993 67152 11841 EDUCATION 10946 10946 PROGRAM SERVICES 7803 7803 11956 10163 1793 4966259 4224640 741619 0 195975 43273 749853 590473 401267 207135 408991 350270 2180309 1607271 684085 573038 4091535 4375304 73904 6605610 6139493 403447 236774 403447 236774 X 6202163 5902719 6202163 5902719 6605610 6139493 -193611 -105833 0 X 0 0 0 X X 1 INCHARGE DEBT SOLUTIONS 330770440 7 1 4346014 0 1 4346014 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: THE SUPPORTED ORGANIZATION'S (INCHARGE DEBT SOLUTIONS) OFFICERS ARE THE SAME INDIVIDUALS AS THE SUPPORTING ORGANIZATION'S (INCHARGE EDUCATION FOUNDATION) OFFICERS. ACCORDINGLY, THE ESTABLISHMENT AND MONITORING OF INVESTMENT POLICIES AND DIRECTION PROVIDED AS TO THE USE OF INCOME AND ASSETS OF THE SUPPORTING ORGANIZATION ARE UNDER COMMON CONTROL. PART IV, SECTION E, LINE 2A: INCHARGE EDUCATION FOUNDATION, INC. ("ICEF") SUPPORTS INCHARGE DEBT SOLUTIONS ("IDS") BY PROVIDING FINANCIAL EDUCATION PROGRAMS AND MATERIALS TO INDIVIDUALS PARTICIPATING IN CREDIT, BANKRUPTCY AND HOUSING COUNSELING PROGRAMS OFFERED BY IDS AS WELL AS MARKETING AND IT SUPPORT FOR IDS PROGRAMS. ADDITIONALLY, ICEF PROVIDES EDUCATIONAL PRODUCTS AND SERVICES TO THE GENERAL PUBLIC AND IN CONJUNCTION WITH IDS, CONDUCTS OUTREACH WORKSHOPS AIMED AT IMPROVING THE FINANCIAL LITERACY OF ATTENDEES. ICEF ALSO PERFORMS WEBSITE MARKETING ACTIVITIES DESIGNED TO ASSIST INDIVIDUALS WITH FINANCIAL SERVICES THAT IDS DOES NOT PROVIDE. PART IV, SECTION E, LINE 2B: THE FINANCIAL EDUCATIONAL PROGRAMS, MATERIALS AND OUTREACH WORKSHOPS PROVIDED BY INCHARGE EDUCATION FOUNDATION, INC. ("ICEF") ARE ESSENTIAL IN FULFILLING INCHARGE DEBT SOLUTION'S ("IDS") MISSION. IF NOT PROVIDED BY ICEF, IDS WOULD HAVE TO STAFF AND PROVIDE THE FINANCIAL LITERACY PROGRAMS AND MATERIALS. 0 0 1685665 1137925 547740 494644 469346 25298 573038 PART IV, LINE 1B: INCHARGE EDUCATION FOUNDATION PROVIDES FINANCIAL EDUCATIONAL PROGRAMS AND MATERIALS TO INDIVIDUALS PARTICIPATING IN THE CREDIT COUNSELING PROGRAM. IT DOES NOT MAINTAIN OR DISTRIBUTE CONSUMER FUNDS RELATED TO SERVICES PROVIDED. 0 1 0 0 0 0 0 0 0 ETTA W MONEY SECRETARY/TREASURER 0 334768 0 0 0 83142 0 13285 0 17179 0 448374 0 0 WILLIAM R MALSEED PRESIDENT 0 200602 0 0 0 68918 0 9932 0 4493 0 283945 0 0 SORAIA DEARAUJO VP OF OPERATIONS 0 189491 0 0 0 43681 0 9932 0 13338 0 256442 0 0 SALLY ERICKSEN SR. DIRECTOR OF IT 149994 0 0 0 6000 0 7452 0 15457 0 178903 0 0 0 KAREN CARLSON SR. DIR. OF EDUC/DIG. MKT. 144097 0 0 0 6000 0 6635 0 16337 0 173069 0 0 0 PART I, LINE 4B THE ORGANIZATION HAS A TAX-EXEMPT 457(B) DEFERRED COMPENSATION PLAN FOR CERTAIN KEY EXECUTIVES. A PORTION OF THE PARTICIPATING EXECUTIVES' COMPENSATION IS DEFERRED. PER IRS REQUIREMENTS, ALL PLAN AMOUNTS MUST BE SUBJECT TO THE CLAIMS OF IDS' CREDITORS, AND AS SUCH, A DEFERRED COMPENSATION ASSET AND CORRESPONDING DEFERRED LIABILITY ARE INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. DURING 2021, PARTICIPANTS IN THE PLAN INCLUDED ETTA W. MONEY AND WILLIAM R. MALSEED. INCLUDED IN SCHEDULE J, COLUMN B(III) ARE AMOUNTS DEFERRED DURING 2021 AND EARNINGS ON AMOUNTS DEFERRED. PART I, QUESTION 3: A SEPARATE BOARD APPOINTED COMPENSATION COMMITTEE OF INCHARGE DEBT SOLUTIONS DETERMINES THE SALARY OF THE OFFICERS OF INCHARGE EDUCATION FOUNDATION ON AN ANNUAL BASIS. SALARY COMPARABILITY DATA AND PERFORMANCE IS REVIEWED AS THE BASIS FOR OFFICER COMPENSATION ANNUALLY. ON A REGULAR BASIS, AN INDEPENDENT COMPENSATION CONSULTANT MAY BE USED TO PERFORM A COMPENSATION SURVEY OR STUDY. KEY EMPLOYEES MAY RECEIVE SALARY INCREASES BASED ON AN EVALUATION OF PERFORMANCE. PERIODICALLY, KEY EMPLOYEES' SALARIES ARE COMPARED TO MARKET DATA. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN FEBRUARY 2022. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES, TREASURER, PRESIDENT, AND AUDIT COMMITTEE OF INCHARGE DEBT SOLUTIONS REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON A CONFLICT OF INTEREST FORM THAT IS COMPLETED ANNUALLY. POTENTIAL CONFLICTS ARE TO BE REPORTED TO THE ORGANIZATION AS SOON AS KNOWN. FOLLOW UP IS PERFORMED TO ENSURE ALL CONFLICT OF INTEREST FORMS ARE RECEIVED. ALL NOTED ITEMS ON CONFLICT OF INTEREST FORMS RECEIVED FROM OTHER THAN TRUSTEES ARE INVESTIGATED BEFORE PROVIDING THE FORMS TO THE GOVERNANCE COMMITTEE. NOTED ITEMS ON CONFLICT OF INTEREST FORMS RECEIVED FROM TRUSTEES ARE INVESTIGATED BY THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15B A SEPARATE BOARD APPOINTED COMPENSATION COMMITTEE OF INCHARGE DEBT SOLUTIONS DETERMINES THE SALARY OF THE OFFICERS OF INCHARGE EDUCATION FOUNDATION ON AN ANNUAL BASIS. SALARY COMPARABILITY DATA AND PERFORMANCE IS REVIEWED AS THE BASIS FOR OFFICER COMPENSATION ANNUALLY. ON A REGULAR BASIS, AN INDEPENDENT COMPENSATION CONSULTANT MAY BE USED TO PERFORM A COMPENSATION SURVEY OR STUDY. KEY EMPLOYEES MAY RECEIVE SALARY INCREASES BASED ON AN EVALUATION OF PERFORMANCE. PERIODICALLY, KEY EMPLOYEES' SALARIES ARE COMPARED TO MARKET DATA. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN FEBRUARY 2022. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023, FORM 990, AND FORM 990-T AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FORM 990 AND FORM 990-T ARE ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AS VALID REQUESTS ARE RECEIVED. INCHARGE INSTITUTE OF AMERICA INC 5750 MAJOR BLVD SUITE 320 ORLANDO FL 32819 522196183 GENERAL AND ADMINISTRATIVE SUPPORT SERVICES DE 501(C)(3) LINE 12C, III-FI N/A 0 INCHARGE DEBT SOLUTIONS 5750 MAJOR BLVD SUITE 300 ORLANDO FL 32819 330770440 FINANCIAL COUNSELING NV 501(C)(3) LINE 7 N/A 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1