2015-05-08T09:04:00-07:00 2014-12-31 Matranga & Company An Accountancy Corp 6255 Lusk Blvd Suite 150 San Diego CA 92121 990 2014-01-01 912156504 DEBTWAVE CREDIT COUNSELING INC DEBT 8886864040 9325 SKY PARK COURT SAN DIEGO CA 92123 ANTONY MURIGU President 2015-05-08 true JOSEPH E MATRANGA P00044158 8585588100 2014 2016-02-25 16:41:14Z 3307155 false false X WWW.DEBTWAVE.COM X 2001 CA IT IS OUR COMMITMENT TO EDUCATE ON THE PROPER USE OF CREDIT THROUGH BUDGET MANAGEMENT, TO OFFER SOUND COUNSELING AND TO ASSIST CLIENTS TO REDUCE AND ELIMINATE DEBT. WE WILL ENSURE COMPLIANCE TO RELEVANT LEGAL REQUIREMENTS, ESTABLISH AND REVIEW THE QUALITY OBJECTIVES, CONTINUALLY IMPROVE OUR QMS AND IMPLEMENT ANY CHANGES TO GUARANTEE THAT OUR COMMITMENT TO CUSTOMER SATISFACTION IS ACHIEVED. 3 2 50 0 647762 669987 2825864 2637168 0 0 3473626 3307155 528 12000 0 1729814 1599890 0 0 2041977 1677189 3772319 3289079 -298693 18076 520685 577030 55982 94251 464703 482779 IT IS OUR COMMITMENT TO EDUCATE ON THE PROPER USE OF CREDIT THROUGH BUDGET MANAGEMENT, TO OFFER SOUND COUNSELING AND TO ASSIST CLIENTS TO REDUCE AND ELIMINATE DEBT. WE WILL ENSURE COMPLIANCE TO RELEVANT LEGAL REQUIREMENTS, ESTABLISH AND REVIEW THE QUALITY OBJECTIVES, CONTINUALLY IMPROVE OUR QMS AND IMPLEMENT ANY CHANGES TO GUARANTEE THAT OUR COMMITMENT TO CUSTOMER SATISFACTION IS ACHIEVED. false false 1843204 669987 THE ORGANIZATION HELPS TO REDUCE THE INCIDENCE OF PERSONAL BANKRUPTCY BY ASSISTING LOW-INCOME INDIVIDUALS AND FAMILIES WITH THEIR FINANCIAL PROBLEMS THROUGH NEGOTIATING WITH THEIR CREDITORS. THE ORGANIZATION ASSISTS APPROXIMATELY 24,000 INDIVIDUALS. 801393 THE ORGANIZATION EDUCATES THE PUBLIC ABOUT PERSONAL MONEY MANAGEMENT SKILLS AND ASSISTS LOW-INCOME INDIVIDUALS AND FAMILIES WITH THEIR FINANCIAL PROBLEMS THROUGH COUNSELING AND BUDGET PLANNING. THE ORGANIZATION ASSISTS APPROXIMATELY 28,000 INDIVIDUALS. 26713 THE ORGANIZATION WORKS WITH EMPLOYERS TO EDUCATE EMPLOYEES OF THEIR COMPANIES ABOUT PERSONAL FINANCES. THE ORGANIZATION WORKS WITH EMPLOYERS TO HELP THEIR EMPLOYEES DEVELOP BUDGETS, ESTABLISH FINANCIAL GOALS, BUILD WEALTH, AND MANAGE THEIR DEBT. 2671310 true true false false false false false false true false true false false true false false true false false false false false false false false false false false true false false false false false false false false false false false true false false false false false false false false false false true 0 0 false 50 true false false false false false false false false 0 false false false false false false false false false false X 3 2 false false false false false false false true false false false false true true true true true true true false X ANTONY MURIGU 8882857624 9325 SKY PARK COURT SUITE 260 SAN DIEGO CA 92123 X ANTONY MURIGU President 5.00 0.00 X X 0 0 0 MICHAEL S BUTSKO VP/TREASURER 1.00 0.00 X X 0 0 0 DOUG TOKARIK Secretary 1.00 0.00 X 0 0 0 MICHAEL MARSDEN EXECUTIVE DIRECTOR 40.00 0.00 X 127282 0 0 127282 1 false false false QINNIX INC 4747 VIEWRIDGE AVENUE SAN DIEGO CA 92123 CONSULTING 279862 COASTAL CREDIT & DEBT VENTURE LLC 6161 EL CAJON BLVD SAN DIEGO CA 92115 CONSULTING 114620 VENABLE LLP PO BOX 62727 BALTIMORE MD 21264 LEGAL 203027 ARDEN REALTY INC 4510 EXECUTIVE DRIVE SUITE 220 SAN DIEGO CA 92121 RENT 110077 4 669987 669987 BUDGET PLAN FEES 2637168 2637168 2637168 0 0 0 0 0 0 0 0 0 3307155 2637168 X 0 12000 12000 0 0 127282 101826 25456 0 1313045 1050436 262609 36530 29224 7306 0 123033 98426 24607 0 312851 250281 62570 25950 20760 5190 0 0 0 463138 370510 92628 259634 207707 51927 21566 17253 4313 3093 3093 0 110077 88062 22015 8938 8938 0 214 214 0 0 32195 25756 6439 96880 77504 19376 CLIENT SERVICE FEES 84355 84355 LICENSES AND PERMITS 58185 46548 11637 SOFTWARE FEES 51662 51662 TELEPHONE 49657 39726 9931 98794 87029 11765 3289079 2671310 617769 0 388756 474194 0 0 0 0 0 0 0 0 651849 599927 77659 51922 0 0 0 0 54270 50914 520685 577030 55982 94251 55982 94251 X 464703 482779 464703 482779 520685 577030 18076 X false true X true false X 530621 646958 551961 647762 669987 3047289 0 0 0 0 530621 646958 551961 647762 669987 3047289 0 640488 472847 1113335 640488 472847 1113335 1933954 0 0 0 0 530621 646958 551961 647762 669987 3047289 0.63460 0.52610 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 55982 41341760 41303491 94251 true X 24993 3043 21950 259922 244824 15098 366934 352060 14874 51922 DEPOSITS 50914 50914 3307155 3307155 3307155 3289079 3289079 3289079 Part IV, Line 2b: Explanation of escrow account liability THE ORGANIZATION MAINTAINS TRUST FUND ACCOUNTS AS PART OF THE DEBT CONSOLIDATION SERVICES IT PROVIDES TO ITS CLIENTS. MONIES ARE COLLECTED FROM A CLIENT THREE DAYS PRIOR TO THE DATE THEY ARE DUE TO THE CLIENT'S CREDITORS. AS SOON AS THESE FUNDS CLEAR, THE ORGANIZATION DISBURSES THE FUNDS TO THE CREDITORS WITHIN 24 HOURS. CLIENTS ARE ENTITLED TO REFUNDS IF THE FUNDS HAVE NOT YET BEEN DISBURSED TO CREDITORS. CLIENTS CAN TERMINATE THEIR PARTICIPATION IN THE ORGANIZATION'S SERVICES AND RECEIVE A REFUND OF ANY UNDISBURSED FUNDS. CLIENTS HAVE ONLINE ACCESS 24 HOURS A DAY, SEVEN DAYS A WEEK, TO VIEW THEIR ACCOUNT ACTIVITY AND TO SEE WHICH CREDITORS AND FEES HAVE BEEN PAID OUT. CLIENTS HAVE THE OPTION OF EITHER E-MAIL OR REGULAR MAIL STATEMENTS OF THEIR TRUST ACCOUNT ACTIVITY AND BALANCES. false 0 0 FINANCIAL HARDSHIP AWARD 4 12000 COASTAL CREDIT & DEBT VEN A. MURIGU OWNS 114620 CONSULTING SERVICES false CCDV IS 100 OWNED false BY ANTONY MURIGU PRESIDENT false NDP SERVICES INC A. MURIGU OW 2800 CONSULTING SERVICES false NDP SERVICES INC IS 100 false OWNED BY ANTONY MURIGU false QINNIX INC SISTER OF OW 279862 IT CONSULTING SVCES false OWNED 100 BY SISTER OF false ANTONY MURIGU false Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings ALL BOARD MEETINGS ARE CONTEMPORANEOUSLY DOCUMENTED. THE ORGANIZATION HAD NO COMMITTEES SO QUESTION B IS NOT APPLICABLE. Form 990, Part VI, Line 11b: Form 990 Review Process THE BOARD OF DIRECTORS AND THE ACCOUNTING TEAM MEET TO REVIEW AND COMPARE THE AUDITED FINANCIAL STATEMENTS, THE INTERNALLY-PREPARED FINANCIAL STATEMENTS AND THE FORM 990. ALL QUESTIONS AND DISCREPANCIES ARE REVIEWED AND DISCUSSED AND THE CPA FIRM IS CONSULTED ON ANY UNRESOLVED QUESTIONS AND CONCERNS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE ORGANIZATION'S MANAGERS DISCUSS ALL CONFLICTS OF INTEREST AT ITS QUARTERLY MANAGEMENT REVIEW MEETINGS. THE BOARD OF DIRECTORS MONITORS THE CONFLICT OF INTEREST POLICY BY DISCUSSING POSSIBLE CONFLICTS AT ITS QUARTERLY BOARD MEETINGS. THE BOARD ENFORCES THE POLICY BY HAVING MEMBERS ABSTAIN FROM ANY VOTE WHERE THERE IS A CONFLICT OR POSSIBLE CONFLICT OF INTEREST. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees COMPENSATION IS DETERMINED BASED ON INDUSTRY STANDARDS AND COMPARABLE SALARY INFORMATION AS REPORTED BY SALARY.COM AND/OR GUIDESTAR.ORG, WHICH IS A SITE THAT COMPILES DATA OF EXECUTIVE COMPENSATION OF NON-PROFIT ORGANIZATIONS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW AT THE ORGANIZATION'S SAN DIEGO, CALIFORNIA OFFICE DURING WEEKDAYS FROM 7 AM TO 6 PM. COPIES ARE AVAILABLE AT NO CHARGE TO INDIVIDUALS WHO REQUEST THEM IN PERSON. COPIES ARE PROVIDED FOR A NOMINAL CHARGE TO PERSONS WHO CONTACT THE ORGANIZATION BY PHONE, E-MAIL OR REGULAR MAIL AND REQUEST A COPY BE MAILED TO THEM.