2021-05-13T09:18:03-05:00 2020-06-30 561304727 BLACKMAN & SLOOP CPAS PA 1414 RALEIGH RD SUITE 300 CHAPEL HILL NC 27517 990 2019-07-01 562106758 CONSUMER EDUCATION SERVICES INC CONS 9198615340 3700 BARRETT DR RALEIGH NC 27609 MICHAEL CROXSON CEO 9198615340 2021-05-12 1 ANDREA WOODELL EASON P00361629 9199428700 2019 2022-09-23 18:48:47Z MICHAEL CROXSON 3700 BARRETT DR RALEIGH NC 27609 14296216 0 X WWW.CESISOLUTIONS.ORG X 1988 NC CONSUMER EDUCATION SERVICES, INC ("CESI") IS A NON-PROFIT SERVICE PROVIDER OF COMPREHENSIVE PERSONAL FINANCIAL EDUCATION AND SOLUTIONS FOR ALL LIFE STAGES AND FOR ALL LIFE'S MILESTONES OUR GOAL IS ENHANCED ECONOMIC SECURITY FOR EVERYONE WE SERVE. 7 7 105 22 0 0 1794060 1771841 5263874 4974016 333556 942118 979112 202961 8370602 7890936 250000 0 0 0 4526481 4085827 0 0 0 4054131 2947941 8830612 7033768 -460010 857168 23715201 23548010 2273404 2233183 21441797 21314827 X CONSUMER EDUCATION SERVICES, INC ("CESI") IS A NON-PROFIT SERVICE PROVIDER OF COMPREHENSIVE PERSONAL FINANCIAL EDUCATION AND SOLUTIONS FOR ALL LIFE STAGES AND FOR ALL LIFE'S MILESTONES OUR GOAL IS ENHANCED ECONOMIC SECURITY FOR EVERYONE WE SERVE. 0 0 4405618 3756519 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, 2020 APPROXIMATELY 13,887 FINANCIALLY DISTRESSED INDIVIDUALS RECEIVED CREDIT COUNSELING AND FREE EDUCATIONAL RESOURCE MATERIALS. 533577 679378 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, 2020, CESI CONDUCTED 135 CLASSES ASSISTING APPROXIMATELY 2,462 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. 451888 381543 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. 252125 359537 CESI HOMEOWNERSHIP CENTER PROVIDED A VARIETY OF COUNSELING SERVICES, RANGING FROM FORECLOSURE PREVENTION, REVERSE MORTGAGE COUNSELING, FINANCIAL LITERACY TO PRE PURCHASE EDUCATION AND COUNSELING. APPROXIMATELY 1053 INDIVIDUALS AND FAMILIES WERE SERVED. APPROXIMATELY 10% OF CLIENTS RECEIVED FORECLOSURE PREVENTION COUNSELING, 40% RECEIVED REVERSE MORTGAGE COUNSELING AND THE REMAINING 50% RECEIVED PRE PURCHASE COUNSELING, GROUP EDUCATION WORKSHOPS AND OTHER SERVICES. WE WORKED WITH COMMUNITY PARTNERS, FACILITATING HOME BUYER GROUP EDUCATION WORKSHOPS AND FINANCIAL LITERACY CLASSES FOR COMMUNITY LAND TRUSTEES, AREA HOMELESS SHELTERS, VETERAN PROGRAMS, HABITAT FOR HUMANITY AND STATE AND COUNTY AGENCIES. WE HAVE PARTICIPATED IN 135 COMMUNITY OUTREACH EVENTS DURING THIS PERIOD. WE HAVE A SIGNATURE PROGRAM WITH THE VETERANS LIFE CENTER (VLC) WE OFFER FREE FINANCIAL LITERACY CLASSES TO VETERANS IN THE AREAS OF BUDGETING BASICS, FINANCIAL GOAL SETTING, EMPOWER YOURSELF TO GUARD AGAINST IDENTITY THEFT, SCAMS AND FRAUDS, SIMPLE STEPS TO SAVE MONEY, UNDERSTANDING CREDIT AND DEBT, AND UNDERSTANDING CREDIT REPORTS AND SCORES. CESI ALSO ASSIST CONSUMERS THROUGH THE NORTH CAROLINA HOUSING FINANCE AGENCY (NCHFA). THROUGH THE STATE HOME FORECLOSURE PREVENTION PROJECT (SHFPP) WHICH HELPS NORTH CAROLINA HOMEOWNERS WHO HAVE RECEIVED A 45 DAY LETTER FROM THEIR SERVICER TO AVOID FORECLOSURE BY PUTTING THEM IN CONTACT WITH A HUD HOUSING COUNSELING AGENCIES WHO CAN ASSIST THEM WITH LOSS MITIGATION OPTIONS. 252125 359537 5643208 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 1 105 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 MATTHEW MALL BOARD MEMBER 5.00 X 0 0 0 WAYNE STALLINGS BOARD MEMBER 5.00 X 0 0 0 ROBERT FITZGERALD BOARD MEMBER 5.00 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 266789 0 30893 STEVEN COLE TREASURER 40.00 X X 97230 0 14040 JEAN ELIAS VICE PRESEIDENT OF MARKETING 40.00 X 152637 0 18006 516656 0 62939 2 0 1 0 GOOGLE PO BOX 39000 SAN FRANCISO CA 94139 MARKETING 372553 NATIONAL DEBT RELIEF 11 BROADWAY 16TH FLOOR NEW YORK NY 10004 MARKETING 176760 2 1771841 1771841 DEBT MANAGEMENT PROGRAM 522298 3756519 3756519 CONTRACT INCOME 900099 476417 476417 COUNSELING PROGRAMS 541990 381543 381543 HOUSING SERVICES 531390 359537 359537 4974016 526873 526873 6820525 6405280 415245 415245 415245 MISCELLANEOUS 900099 202961 202961 202961 7890936 5176977 0 942118 408952 81790 327162 2873916 2368776 505140 542857 437919 104938 260102 194971 65131 108100 108100 103152 27249 75903 1265816 1256079 9737 315114 254632 60482 126380 101124 25256 40074 32059 8015 6177 4942 1235 7134 4111 3023 59808 50837 8971 62123 49828 12295 CREDIT COUNSELING 362142 362142 BANK FEES 133811 119112 14699 BANKRUPTCY COUNSELING 119019 119019 MISCELLANEOUS 115200 92075 23125 123891 86543 37348 7033768 5643208 1390560 0 1318572 4173058 783725 30370 99483 394045 101795 500 24803 28606 1524994 435426 1132546 1089568 17454033 14490130 2800244 3341733 23715201 23548010 557405 317955 762824 695656 445261 797808 507914 421764 2273404 2233183 X 21441797 21114827 200000 21441797 21314827 23715201 23548010 857168 -984138 0 X X 0 1 X 1 0 X 1683888 1851114 1900594 1794060 1771841 9001497 1683888 1851114 1900594 1794060 1771841 9001497 2206832 6794665 959195 532648 627790 486171 526873 3132677 7619 7619 80913 80913 12222706 0.55590 0.68370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER MISCELLANEOUS INCOME - 2019 AMOUNT: $ 80,913. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 156896 156896 1214058 329965 884093 26728 11597 15131 127312 93864 33448 1089568 INTANGIBLE PROPERTY 2200000 NONQUALIFIED RETIREMENT PLAN ASSETS 421764 SECURITY DEPOSITS 24313 FUNDS HELD ON BEHALF OF OTHERS 695656 3341733 NONQUALIFIED RETIREMENT PLAN LIABILITES 421764 421764 6798698 -984138 -984138 7782836 108100 108100 7890936 6925668 0 6925668 108100 108100 7033768 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. X 0 0 0 0 0 0 0 0 0 MICHAEL CROXSON PRESIDENT/CEO 218489 0 48300 0 0 0 19481 0 11412 0 297682 0 0 0 JEAN ELIAS VICE PRESEIDENT OF MARKETING 152637 0 0 0 0 0 10925 0 7081 0 170643 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 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 INTEREST 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. 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'S 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 122048 122048 CONSUMER EDUCATION SERVICES INC CAROLINA COMMUNITY IMPACT INC 3700 BARRETT DRIVE RALEIGH NC 27609 823990062 LOANS NC 501(C)(3) 12C 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 73405 ACTUAL AMOUNT PAID CAROLINA COMMUNITY IMPACT INC Q 17885 ACTUAL AMOUNT PAID CAROLINA COMMUNITY IMPACT INC R 101019 ACTUAL AMOUNT PAID