2013-11-08T12:03:56-06:00 2012-12-31 990 2012-01-01 541837741 MONEY MANAGEMENT INTERNATIONAL INC % DAVID JUENGEL MONE 7133943329 14141 SOUTHWEST FREEWAY Suite STE1000 SUGAR LAND TX 774783794 DAVID JUENGEL 7133943329 2013-11-08 2012 2016-02-24 21:20:13Z IVAN HAND 14141 SOUTHWEST FRWY STE 1000 SUGAR LAND TX 77478 112264605 false X WWW.MONEYMANAGEMENT.ORG X 2002 TX MMI STRIVES TO BENEFIT THE COMMUNITY BY PROVIDING EXCEPTIONAL FINANCIAL EDUCATION AND COUNSELING PROGRAMS, INCLUDING CREDIT COUNSELING, HOUSING COUNSELING AND BANKRUPTCY COUNSELING. 10 9 1328 93 561485 -349085 25105055 17377739 72167519 64522802 1194090 2310847 826428 641279 99293092 84852667 0 0 0 0 68528031 57433482 0 0 646215 27987664 25781548 96515695 83215030 2777397 1637637 71317748 73184716 25941198 24895775 45376550 48288941 X WE IMPROVE LIVES THROUGH FINANCIAL EDUCATION. false false 624100 42158391 60465634 CREDIT COUNSELING AND DEBT MANAGEMENT. ("PROGRAM SERVICE #1") SEE SCHEDULE O FOR A DETAILED DESCRIPTION OF MMI'S CREDIT COUNSELING SERVICES. INCLUDED IN REVENUE FOR PROGRAM SERVICE #1 IS GRANT FUNDING OF $2,889,632 FROM CITIGROUP TO SUPPORT MMI'S FINANCIAL EDUCATION EFFORTS. THIS GRANT REVENUE IS INCLUDED IN PART VIII, LINE 1F ("ALL OTHER CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS NOT INCLUDED IN LINES 1A-1E"). 624100 21556578 17765125 HOUSING COUNSELING AND EDUCATION. ("PROGRAM SERVICE #2") SEE SCHEDULE O FOR A DETAILED DESCRIPTION OF MMI'S HOUSING SERVICES. INCLUDED IN REVENUE FOR PROGRAM SERVICE #2 IS GRANT FUNDING OF $12,995,892 FROM THE US GOVERNMENT TO SUPPORT MMI'S HOUSING COUNSELING ACTIVITIES. 624100 3600993 1827393 BANKRUPTCY COUNSELING AND BANKRUPTCY EDUCATION. ("PROGRAM SERVICE #3") SEE SCHEDULE O FOR A DETAILED DESCRIPTION OF MMI'S BANKRUPTCY COUNSELING AND BANKRUPCY EDUCATION SERVICES. 2102789 227836 CONSUMER EDUCATION & COMMUNITY OUTREACH 910570 561485 UNRELATED BUSINESS INCOME 3013359 789321 70329321 true true false true false false false false true false true false false true true false false true false false false false false false false false false false false true false false false false false false false true false false false false true true true true false false true 198 0 true 1328 true true true false false false false false false false false false false false false X 10 9 false false false false false false false true true false true true true true true true true true true true false AL AK AZ AR CA CO CT FL HI IL KS KY ME MD MA MI MN MS NH NJ NM NY ND OR PA TN WA WV WI X DAVID JUENGEL 7133943329 14141 SOUTHWEST FRWY STE 1000 SUGAR LAND TX 77478 X Dr Angela Lyons 3.0 1.0 X 0 0 0 Frank DeGise 3.0 1.0 X 0 0 0 Douglas K Durnin 3.0 1.0 X 0 0 0 Lester E Dees 3.0 1.0 X 0 0 0 Stephen A McNeely 3.0 1.0 X 0 0 0 Frank W Montfort 3.0 1.0 X 0 0 0 Scot E Sheldon 3.0 1.0 X 0 0 0 Dr William F Staats 3.0 1.0 X 0 0 0 Joseph P Warner 3.0 1.0 X 0 0 0 Ivan L Hand 42.0 3.0 X X 898412 49176 David A Juengel 42.0 3.0 X 258611 31846 Jean L Law 42.0 3.0 X 119512 14562 Anthony Scataglia 40.0 X 324285 33173 Charles Stanley 40.0 X 337573 5258 Terry Blaney 40.0 X 243259 21591 Marianne D'Aquila 40.0 X 210818 24708 Kandee Jahns 40.0 X 187643 23270 Mel Stiller 40.0 3.0 X 190062 16203 Joanne Kerstetter 40.0 X 171967 6481 Don McGee 40.0 X 154002 19411 Jim Triggs 40.0 X 160985 12250 3257129 0 257929 34 false true false VENABLE LLP PO BOX 62727 BALTIMORE MD 21264 LEGAL 611804 MELTON MELTON LLP 6002 Rogerdale Ste 200 HOUSTON TX 77072 AUDIT 121957 SPECTRUM COMPUTER CONSULTANTS 3437 Clearview Circle HOUSTON TX 77025 CONSULTING 107312 BURNETT STAFFING PO BOX 973940 DALLAS TX 75397 CONSULTING 317060 4 X 89290 50934 12998862 4238653 17377739 DEBT AND BUDGET COUNSELING 624100 57748434 57748434 HOUSING COUNSELING AND EDUCATION 624100 4766263 4766263 BANKRUPTCY COUNSELING AND EDUCATION 624100 1827393 1827393 EDUC. PROGRAMS & COMMUNITY OUTREACH 611710 180712 180712 64522802 657621 657621 0 0 32670 32670 0 32670 32670 27161597 1903567 26354693 1057245 806904 846322 1653226 1653226 0 0 0 UNRELATED BUSINESS INCOME 561499 561485 561485 EDUCATIONAL BOOK SALES 611710 47124 47124 608609 84852667 64569926 561485 2343517 X 0 0 0 0 2392470 2392470 0 44938943 41185869 3287966 465108 696312 628330 59457 8525 5469354 4271810 1161697 35847 3936403 3582819 326103 27481 0 254170 254170 150744 150744 82413 82413 0 131995 131995 1393469 875098 487447 30924 3965552 3965552 4370963 3720973 649195 795 1675332 1440813 234519 0 6533807 5683863 812714 37230 1291957 875920 396746 19291 0 309146 83495 212562 13089 7386 230 7156 500200 500200 3235640 2470669 763864 1107 343347 46349 296998 DUES & ASSOCIATION FEES 512584 384695 125743 2146 LICENSES & TAXES 304024 86885 217139 TRAINING COSTS 343019 197211 145023 785 PRINTING & PUBLICATIONS 129399 118012 7500 3887 246401 210528 35873 83215030 70329321 12239494 646215 X 1100982 3310396 50000 50000 319998 179078 6956263 4857706 0 0 0 0 0 0 390523 314287 1063003 1410961 43501993 27733161 16760353 15768832 20721447 21904221 0 0 0 0 0 0 23955179 25389235 71317748 73184716 6181610 6146713 0 0 0 0 0 0 16668899 15725476 0 0 0 0 0 0 3090689 3023586 25941198 24895775 X 44905148 47667966 471402 620975 0 0 45376550 48288941 71317748 73184716 1637637 1274754 X X false true X true true true X false false false 12849297 24400440 26069696 25105055 17377739 105802227 74139109 78723458 79494530 72234810 64569926 369161833 0 0 0 86988406 103123898 105564226 97339865 81947665 474964060 12420943 23230340 28997076 22552604 16261839 103462802 5732810 9162585 5802185 4064363 3928066 28690009 18153753 32392925 34799261 26616967 20189905 132152811 342811249 880751 891321 1300856 648007 690291 4411226 1005432 1004233 979606 717957 561485 4268713 1886183 1895554 2280462 1365964 1251776 8679939 0 78450 78450 88953039 105019452 107844688 98705829 83199441 483722449 0.70869 0.72570 0.01794 0.02429 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 82413 82413 82413 82413 82222047 83024719 82304460 83107132 1000000 1000000 250000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 176092 10690 68963 82413 338158 250000 250000 250000 250000 1000000 1500000 false true X 429773 429773 2635328 1429272 1206056 2232825 1054109 1178716 13018589 10951227 2067362 25185478 14298553 10886925 15768832 CASH HELD FOR CUSTOMERS 15725476 DEPOSITS 779297 RESTRICTED INVESTMENTS 242565 CURRENT VALUE OF INSURANCE 6384946 INVEST. IN DISREGARDED ENTITY 2256951 25389235 0 FUNDS HELD FOR AGENCIES 20264 FUNDS HELD AS AGENT 78746 ACCRUED LEASE EXPENSE 2401800 DEFERRED COMPENSATION 522776 3023586 X TRUST ACCOUNT LIABILITY SCHEDULE D, PART IV - TRUST, ESCROW AND CUSTODIAL ARRANGEMENTS MMI COLLECTS PAYMENTS FROM CLIENTS WHO ARE ON DEBT MANAGEMENT PLANS, PLACES THOSE PAYMENTS INTO A SEPARATE TRUST ACCOUNT, AND THEN DISBURSES THOSE FUNDS TO THE CREDITORS OF THE CLIENTS. FIN 48 (ASC 740) - Accounting for Uncertainty in Income Taxes SCHEDULE D, PART X, LINE 2 As an organization described in Code Section 501(c)(3), Money Management International, Inc. (MMI) is exempt from federal income taxes on its related income pursuant to Code Section 501(a). MMI had no taxable unrelated business income in 2012. Accordingly, no provision for income taxes has been recorded. Management has evaluated the company's tax positions and concluded that MMI has taken no uncertain tax positions that require adjustment to the consolidated financial statements. X X X X true true false false false false false false false Ivan L Hand 577884 0 320528 30000 19176 947588 275000 David A Juengel 215033 35000 8578 7500 24346 290457 0 Anthony Scataglia 240131 70000 14154 7500 25673 357458 0 Charles Stanley 170061 0 167512 5217 41 342831 0 Terry Blaney 191514 25000 26745 7500 14091 264850 0 Marianne D'Aquila 175434 35000 384 6750 17958 235526 0 Kandee Jahns 163649 15000 8994 5993 17277 210913 0 Mel Stiller 173008 10299 6755 5912 10291 206265 0 Joanne Kerstetter 169517 0 2450 5173 1308 178448 0 Don McGee 141677 12000 325 4953 14458 173413 0 Jim Triggs 144663 16000 322 1675 10575 173235 0 IVAN L. HAND SCH. J - PART II, COLUMN B(iii), LINE 1(i) OF THE OTHER REPORTABLE COMPENSATION FOR IVAN L. HAND, $275,000 WAS EARNED IN A PRIOR YEAR, BUT PAID IN THE CURRENT YEAR. SEVERANCE PAYMENTS SCH. J - PART I, LINE 4a CHARLES STANLEY RECEIVED $164,000 IN SEVERANCE PAYMENTS FROM MMI DURING 2012. NONQUALIFIED RETIREMENT PLANS SCH. J - PART I, LINE 4b During 2001 and 2002, MMI established split-dollar life insurance arrangements for certain key executives utilizing those policies as set forth in the following table. Pursuant to collateral assignments of each policy, upon termination of an arrangement, MMI is entitled to receive all of its premiums paid on a policy to the extent there is sufficient cash surrender value. However, such right may be waived upon satisfaction of certain requirements. Similarly, while the arrangement is in effect, MMI is entitled to receive all of its insurance premiums paid on a policy before any insurance proceeds are payable to an executive's beneficiaries under such policy. Each year, in accordance with IRS Notice 2002-8 (which governs split-dollar arrangements entered into prior to September 18, 2003), MMI reports the value of the life insurance protection provided to an executive under the split-dollar arrangements as taxable compensation on each participating executive's Form W-2. The aggregate premiums paid and corresponding cash surrender value of the respective split-dollar policies subject to repayment to MMI as of December 31, 2012, is $6,384,946 and is included in "Other Assets" on MMI's Balance Sheet. See Form 990, Part X, Line 15; and Schedule D (Form 990), Supplemental Financial Statements, Part IX, Line (b)(4). Cumulative Premiums Repayable from Covered Cash Surrender Value Executive: Policy Dates as of 12/31/12 -------------------------------------------------------- IVAN HAND 03/27/01 $611,494. 12/01/01 $2,963,456. 08/31/02 $1,100,000. ------------ $4,674,950. KANDEE JAHNS 03/27/01 $240,000. 08/31/02 $330,000. ------------ $570,000. DAVID JUENGEL 03/27/01 $240,000. 08/31/02 $330,000. ------------ $570,000. TONY SCATAGLIA 03/27/01 $239,996. 08/31/02 $330,000. ------------ $569,996. ------------ TOTALS $6,384,946. ============ CCCS OF SOUTHERN NEW ENGLAND INC SHARES OFFICERS AND DIR. 500200 PAYMENTS TO SNE BY MMI false CCCS OF SOUTHERN NEW ENGLAND INC SHARES OFFICERS AND DIR. 11744 PAYMENTS BY SNE TO MMI false RELATIONSHIP WITH CCCS OF SOUTHERN NEW ENGLAND, INC. (SNE) FORM 990, PART IV, LINE 28C LINE 28C OF FORM 990, PART IV WAS MARKED "YES" BECAUSE MMI ENGAGED IN TRANSACTIONS WITH CCCS OF SOUTHERN NEW ENGLAND, INC. (SNE), AN ORGANIZATION WHICH SHARES OFFICERS AND DIRECTORS WITH MMI. SNE IS RECOGNIZED AS A PUBLIC CHARITY DESCRIBED IN IRC SECTIONS 501(C)(3) AND 509(A)(2). NO OFFICER OR DIRECTOR OF MMI RECEIVES ANY REMUNERATION FROM SNE, EITHER DIRECTLY OR INDIRECTLY. CREDIT COUNSELING AND DEBT MANAGEMENT Form 990, Part III, Line 4a PROGRAM SERVICE #1 MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) PROVIDES PERSONAL FINANCIAL COUNSELING AND EDUCATION FOR INDIVIDUALS NEEDING ASSISTANCE WITH BUDGETING AND MONEY MANAGEMENT. THE CONSUMERS WHO CONTACT MMI DO SO OUT OF A NEED FOR FINANCIAL GUIDANCE FROM A CERTIFIED CREDIT COUNSELOR. AMONG CONSUMERS COUNSELED BY MMI IN 2012, 84,815 RECEIVED FREE DEBT AND BUDGET COUNSELING SESSIONS. DURING A DEBT AND BUDGET COUNSELING SESSION, A CERTIFIED CREDIT COUNSELOR WILL HELP THE CONSUMER ASSESS THEIR FINANCIAL SITUATION, DEVELOP A SPENDING PLAN, SET FINANCIAL GOALS AND CREATE AN ACTION PLAN. COUNSELING SESSIONS ARE CONDUCTED BY TELEPHONE, THROUGH THE INTERNET OR IN-PERSON IN ONE OF 83 LOCATIONS THROUGHOUT THE COUNTRY (WHICH INCLUDES DONATED OFFICE SPACE VALUED AT $35,400). SOME CONSUMERS SEEKING DEBT AND BUDGET COUNSELING RECEIVED BOTH FINANCIAL GUIDANCE AND WERE ENROLLED IN AN MMI DEBT MANAGEMENT PLAN ("DMP") FOR SYSTEMATIC REPAYMENT OF CERTAIN DEBTS. TEAMS OF CERTIFIED SUPPORT COUNSELORS LOCATED IN SUGAR LAND, TX; BATON ROUGE, LA; AND WARWICK, RI PROVIDE ADMINISTRATION AND SUPPORT FOR MMI'S DMP CLIENTS. THE SUPPORT COUNSELORS PROVIDE ON-GOING FINANCIAL COUNSELING AND EDUCATION TO CLIENTS FROM THE START OF THEIR PLAN THROUGH COMPLETION. IN 2012, THE SUPPORT TEAMS HANDLED OVER 428,600 IN-BOUND CALLS FROM CLIENTS AND CREDITORS. CONTINUOUS IMPROVEMENT AND CONSISTENT SERVICE QUALITY ARE IMPORTANT TRAITS OF MMI EMPLOYEES. AS AN ACKNOWLEDGEMENT OF OUR QUALITY SERVICE AND COMMITMENT TO CONTINUOUS IMPROVEMENT, MMI HAS BEEN GRANTED ACCREDITATION FROM THE COUNCIL ON ACCREDITATION ("COA"). OUR TEAMS OF ANALYSTS CONDUCT EXTENSIVE AUDITS ON ALL STAFF PROVIDING COUNSELING AND SUPPORT SERVICES. OUR DEDICATION TO QUALITY EXTENDS FROM CORPORATE PRACTICES TO EMPLOYEE TRAINING. WE BELIEVE THAT IT IS CRITICAL FOR OUR EMPLOYEES TO UNDERSTAND THE TRUE IMPORTANCE OF QUALITY AS IT RELATES TO EVERY CONTACT WITH EVERY CONSUMER; THEREFORE, IT IS CORPORATE POLICY THAT EVERY DEBT COUNSELOR AND SUPPORT COUNSELOR RECEIVES IN-DEPTH TRAINING PRIOR TO COUNSELING A CONSUMER. IN ADDITION, ALL COUNSELORS ARE REQUIRED TO BE INDEPENDENTLY CERTIFIED THROUGH THE NATIONAL FOUNDATION FOR CREDIT COUNSELING'S COUNSELOR CERTIFICATION PROGRAM. HOUSING COUNSELING AND EDUCATION Form 990, Part III, Line 4b PROGRAM SERVICE #2 MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) PROVIDES THREE HOUSING COUNSELING SERVICES AIMED AT SAVING HOMES AND BUILDING COMMUNITIES. THESE SERVICES INCLUDE: 1. FORECLOSURE PREVENTION COUNSELING. THIS PROGRAM IS DESIGNED TO ASSIST THOSE WHO HAVE FALLEN BEHIND ON THEIR MORTGAGE PAYMENTS. MMI WORKS TOGETHER WITH THE CONSUMER AND THEIR MORTGAGE COMPANY TO HELP THE CONSUMER KEEP THEIR HOME AND AVOID THE COST AND DAMAGE TO THEIR CREDIT RATING ASSOCIATED WITH FORECLOSURE. 2. REVERSE MORTGAGE COUNSELING EDUCATES SENIORS ON THE BENEFITS, CONSEQUENCES, OPTIONS, AND PROCESS OF OBTAINING A HOME EQUITY CONVERSION MORTGAGE. 3. MMI ASSISTS POTENTIAL HOME BUYERS BY EDUCATING THEM ON THE COSTS AND RESPONSIBILITIES OF HOME OWNERSHIP. MMI COUNSELED APPROXIMATELY 121,000 CONSUMERS ON HOUSING-RELATED ISSUES IN 2012. THESE COUNSELING SESSIONS WERE CONDUCTED BY PHONE BY HOUSING COUNSELORS IN CONTACT CENTERS LOCATED IN PHOENIX, AZ; SUGAR LAND, TX; WARWICK, RI; AND SOUTH PORTLAND, ME AS WELL AS IN PERSON IN LOCAL BRANCH OFFICES THROUGHOUT THE UNITED STATES. THE FUNDING FOR HOUSING COUNSELING IS PROVIDED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (INCLUDING THE EMERGENCY HOMEOWNERS' LOAN PROGRAM - EHLP), THE NATIONAL FORECLOSURE MITIGATION COUNSELING PROGRAM (NEIGHBORWORKS), THE HOMEOWNERSHIP PRESERVATION FOUNDATION (HPF), AND THE U.S. TREASURY DEPARTMENT'S MAKING HOME AFFORDABLE PROGRAM (MHA). NOTE: INCLUDED IN REVENUE FOR PROGRAM SERVICE #2 (HOUSING COUNSELING) IS GRANT FUNDING FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) TO PROVIDE DELINQUENT MORTGAGE COUNSELING ($1,687,068), HOME EQUITY CONVERSION MORTGAGE COUNSELING ($452,496), AND EHLP ASSISTANCE ($226,655); $3,599,647 FROM NEIGHBORWORKS AMERICA (RECEIVED EITHER DIRECTLY FROM NEIGHBORWORKS OR FROM PASS-THROUGH ORGANIZATIONS SUCH AS HPF OR THE NATIONAL FOUNDATION FOR CREDIT COUNSELING; AND $7,032,996 IN FUNDING FROM THE TREASURY DEPARTMENT'S MHA PROGRAM. THIS REVENUE IS INCLUDED IN PART VIII, LINE 1E (GOVERNMENT GRANTS AND CONTRIBUTIONS). BANKRUPTCY COUNSELING AND BANKRUPTCY EDUCATION Form 990, Part III, Line 4c PROGRAM SERVICE #3 IN SEPTEMBER 2005, MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) WAS APPROVED BY THE EXECUTIVE OFFICE FOR UNITED STATES TRUSTEES (EOUST) TO PROVIDE PRE-FILING BANKRUPTCY COUNSELING AND TO ISSUE COUNSELING CERTIFICATES IN COMPLIANCE WITH THE BANKRUPTCY CODE. PRE-FILING COUNSELING IS AVAILABLE BY A VARIETY OF DELIVERY METHODS. INDIVIDUALS CAN COMPLETE A PRE-FILING COUNSELING SESSION BY TELEPHONE OR INTERNET. IN 2012, MMI PROVIDED 30,496 PRE-FILING BANKRUPTCY COUNSELING SESSIONS. MMI IS ALSO APPROVED BY THE EOUST TO DELIVER PRE-DISCHARGE BANKRUPTCY EDUCATION SERVICES. IN 2012, MORE THAN 21,150 DEBTORS PARTICIPATED IN ONE OF OUR BANKRUPTCY PRE-DISCHARGE EDUCATION PROGRAMS. TELEPHONE AND ONLINE PROGRAMS ARE SCHEDULED AT VARIOUS TIMES, INCLUDING EVENINGS AND WEEKENDS, TO PROVIDE CONVENIENT ACCESS FOR ALL PARTICIPANTS. UPON COMPLETION OF THE PROGRAM, A CERTIFICATE OF PARTICIPATION IS ISSUED ALLOWING THE INDIVIDUAL TO PROCEED WITH THE BANKRUPTCY DISCHARGE PROCESS. CONSUMER EDUCATION PROGRAMS AND COMMUNITY OUTREACH Form 990, Part III, Line 4d PROGRAM SERVICE #4 COMMUNITY OUTREACH AND CONSUMER FINANCIAL EDUCATION ARE INTEGRAL PARTS OF ALL CHARITABLE ACTIVITIES PERFORMED BY MONEY MANAGEMENT INTERNATIONAL, INC. (MMI). MMI'S COMMITMENT TO PROMOTE LOCAL COMMUNITY-BASED FINANCIAL EDUCATION IS PERHAPS BEST REFLECTED BY ITS PRESENCE IN LOCAL MARKETS. THE EDUCATION DEPARTMENT FOCUSES SPECIFICALLY ON EDUCATING THE PUBLIC ON SOUND PERSONAL FINANCIAL SKILLS AND MONEY MANAGEMENT PRINCIPLES BY DEVELOPING, DELIVERING, AND SUPPORTING PROGRAMS THAT TEACH THOSE SKILLS AND PRINCIPLES. MMI'S EDUCATION DEPARTMENT MAINTAINS OFFICES LOCATED IN STATES WHERE MMI PROVIDES IN-PERSON COUNSELING. THE DEPARTMENT PRESENTS AT NO OR VERY LOW COST INFORMATIVE FINANCIAL EDUCATION SEMINARS AND WORKSHOPS TO THE GENERAL PUBLIC THROUGH SCHOOLS, COMMUNITY ORGANIZATIONS, FINANCIAL INSTITUTIONS, SOCIAL SERVICE AGENCIES AND EMPLOYERS. DURING 2012, EDUCATION SPECIALISTS ALONG WITH THE AGENCY'S TRAINED VOLUNTEERS, PROVIDED 15,000 HOURS OF FINANCIAL LITERACY EDUCATION THROUGH WORKSHOPS, AND OUTREACH EVENTS TO 90,300 PARTICIPANTS. MMI DEVELOPED THE CERTIFIED MONEY MANAGEMENT VOLUNTEER ("CMMV") PROGRAM TO REACH MORE CONSUMERS WITH FINANCIAL EDUCATION PROGRAMS. THROUGH THIS PROGRAM, MMI RECRUITS AND TRAINS VOLUNTEERS FROM LOCAL BUSINESSES AND COMMUNITY SERVICE ORGANIZATIONS TO TEACH THE IMPORTANCE OF FINANCIAL RESPONSIBILITY. THIS PROGRAM HAS ALLOWED MMI TO INCREASE COMMUNITY OUTREACH AND FURTHER DEMONSTRATE ITS COMMITMENT TO IMPROVING THE QUALITY OF LIFE IN THE AREAS IN WHICH MMI OPERATES. THE CMMV CURRICULUM INCLUDES FINANCIALS SKILLS-BUILDING, BUDGETING, ESTABLISHING CREDIT, BUYING DECISIONS, AND PLANNING FOR THE FUTURE. THESE DONATED SERVICES ARE VALUED AT $135,995. BILINGUAL CERTIFIED COUNSELORS AND VOLUNTEERS ARE ALSO AVAILABLE TO PRESENT PROGRAMS TO SPANISH-SPEAKING AUDIENCES. MMI'S STAFF OF HIGHLY TRAINED EDUCATIONAL PROFESSIONALS OFFERS SEMINARS THAT COVER A WIDE RANGE OF TOPICS. THE TYPES OF PROGRAMS OFFERED INCLUDE "UNDERSTANDING MONEY AND CREDIT"; "AVOIDING IDENTITY THEFT"; "AVOIDING SCAMS AND FRAUD"; "FIRST-TIME HOMEBUYER PROGRAMS"; "WHEN INCOME DECREASES, BUT THE BILLS DON'T"; "PLANNING FOR THE HOLIDAYS"; "LIVING ON A FIXED INCOME"; AND "TEACHING CHILDREN ABOUT MONEY". THE EIGHT-PART "JOURNEY TO FINANCIAL SECURITY SERIES" INCLUDES INFORMATION ABOUT SETTING GOALS AND PRIORITIES, MANAGING INCOME AND EXPENSES, MANAGING IMPORTANT PAPERS, UNDERSTANDING CREDIT REPORTS AND CREDIT SCORES, USING CREDIT WISELY, KEEPING DEBT UNDER CONTROL, BUILDING SAVINGS AND CREATING WEALTH. PROGRAMS ARE OFFERED FOR YOUNG STUDENTS FROM KINDERGARTEN TO MIDDLE SCHOOL WHICH HELP THEM TO DISTINGUISH BETWEEN WANTS AND NEEDS, MAKE WISE BUDGETING AND SPENDING CHOICES, APPRECIATE THE IMPORTANCE OF SAVING, AND UNDERSTAND HOW ADVERTISING INFLUENCES SPENDING CHOICES. THE TYPES OF PROGRAMS IN THIS SERIES INCLUDE "BROWNIE WANTS A NEW BIKE"; "THE MONEY BUNNIES TAKE A VACATION"; "HANDS ON BANKING"; AND "MY MONEY 101". OLDER STUDENTS CAN TAKE PART IN PROGRAMS SUCH AS "CREDIT REPORTS AND CREDIT SCORES"; "MANAGING INCOME AND EXPENSES"; "LIVING ON YOUR OWN: A GUIDE FOR YOUNG ADULTS"; AND "REAL MONEY 101". A NEW PROGRAM BEING OFFERED IS CALLED "BEGINNING MY FINANCIAL JOURNEY". THIS PROGRAM WAS DEVELOPED SPECIFICALLY FOR LOW INCOME INDIVIDUALS. PROGRAM COMPONENTS INCLUDE: "BASIC BANKING"; "OBTAINING AND MANAGING CREDIT"; "PRIORITIES, SETTING GOALS, INCOME AND EXPENSEES"; AND "CREDIT REPORTS AND SCORES". CUSTOMIZED PROGRAMS ARE ALSO AVAILABLE. CLASS PARTICIPANTS ARE GIVEN A VARIETY OF MATERIALS, INCLUDING WORKBOOKS AND HANDOUTS TO SUPPLEMENT THE VISUAL AIDS. ALL CONSUMERS WITH ACCESS TO THE WORLD WIDE WEB CAN TAKE PART IN EDUCATION ONLINE FROM THE COMFORT OF THEIR HOME OR OFFICE THROUGH MMI'S WEB SITE AT WWW.MONEYMANAGEMENT.ORG. ONLINE WEB SEMINAR PROGRAMS ARE AVAILABLE TO MMI CLIENTS AND THE GENERAL PUBLIC. THESE SEMINARS CONSIST OF A POWERPOINT PRESENTATION THAT IS FACILITATED LIVE BY AN EDUCATOR. PARTICIPANTS SIGN IN USING A WEB LINK AND A SPECIFIC TELEPHONE NUMBER. THEY CAN THEN HEAR AND TALK WITH THE EDUCATOR AS WELL AS FOLLOW THE POWERPOINT SLIDES ON THEIR COMPUTER SCREEN. THE WEB SEMINARS ARE FULLY INTERACTIVE; THERE ARE A NUMBER OF ACTIVITIES TO KEEP PARTICIPANTS INVOLVED AND REINFORCE WHAT THEY ARE LEARNING. THESE PROGRAMS ARE SCHEDULED AT TIMES CONVENIENT FOR CONSUMERS, AND REGISTRATION IS REQUIRED. THE REGISTRATION SCHEDULE AND LINK TO THE PROGRAMS IS ON THE HOME PAGE OF OUR WEB SITE. NEW CLASSES ARE ADDED REGULARLY, AND CURRENT CLASSES INCLUDE: "BUDGETING - MAKING YOUR MONEY COUNT"; "YOUR CREDIT REPORT AND CREDIT SCORE"; "PUT YOUR DEBT ON A DIET"; "KEEPING THE DREAM OF HOMEOWNERSHIP ALIVE"; "TEACHING CHILDREN ABOUT MONEY"; "LET'S TALK - COUPLES AND MONEY"; AND "PLANNING FOR THE HOLIDAYS". IN ADDITION TO THE IN-PERSON WORKSHOPS AND EDUCATION PROGRAMS VIA THE WEB, THE PUBLIC AND CLIENTS OF MMI CAN ACCESS EDUCATIONAL RESOURCES ON MMI'S WEB SITE PAGES WHICH INCLUDE TEACHER RESOURCES, LESSON PLANS, VIDEOS, FINANCIAL TOOLS, ONLINE ARTICLES, AND A "Q&A" SECTION SPECIFICALLY DESIGNED TO ANSWER FINANCE-RELATED QUESTIONS. ALL OF THESE SERVICES ARE PROVIDED TO THE PUBLIC FREE OF CHARGE. MANY OF OUR AT-RISK VISITORS WILL SEEK GUIDANCE, DOWNLOAD MATERIALS, SIGN UP FOR MMI'S FREE WEEKLY EDUCATION NEWSLETTERS, AND/OR SUBMIT QUESTIONS TO THE MMI "ADVICE TEAM". GIVING BACK TO LOCAL COMMUNITIES THROUGH EDUCATIONAL OPPORTUNITIES IS ALSO IMPORTANT TO MMI'S EMPLOYEES. MANY EMPLOYEES TAKE MMI'S MESSAGE WITH THEM TO THEIR CHURCHES AND SYNAGOGUES, CLUBS, AND TRADE ORGANIZATIONS. THEY ARE ENCOURAGED TO SPREAD THE WORD OF WISE USE OF CREDIT AND MONEY MANAGEMENT BY OFFERING FREE LITERATURE AND WORKBOOKS TO THEIR AUDIENCES. AGENCY SERVICES - UNRELATED BUSINESS INCOME Form 990, Part III, Line 4d PROGRAM SERVICE #5 ON DECEMBER 31, 2005, CONSUMER CREDIT COUNSELING SERVICES OF GREATER DENVER, INC. MERGED WITH AND INTO MONEY MANAGEMENT INTERNATIONAL, INC. (MMI). THE DENVER OPERATION, THROUGH ITS PARAGON FINANCIAL SYSTEMS DIVISION, PROVIDES TECHNICAL ASSISTANCE, SOFTWARE, FULFILLMENT, AND BACK OFFICE SUPPORT FOR THE COUNSELING OPERATIONS OF OTHER NONPROFIT CREDIT COUNSELING AND DEBT MANAGEMENT AGENCIES. PRIOR TO ITS MERGER WITH MMI, CCCS OF GREATER DENVER WAS AN ORGANIZATION RECOGNIZED BY THE IRS AS A PUBLIC CHARITY DESCRIBED IN IRC SECTIONS 501(C)(3) AND 509(A)(2). PROCESS USED TO REVIEW FORM 990 FORM 990, PART VI - POLICIES - SEC. B, LINE 11 THE BOARD OF DIRECTORS FOR MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) HAS ESTABLISHED AN AUDIT COMMITTEE WHICH REVIEWS ALL AUDITED FINANCIAL STATEMENTS AND FEDERAL TAX RETURNS. MMI'S 2012 FORM 990 AND RELATED SCHEDULES WERE MADE AVAILABLE TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING THE RETURN. PROCEDURES TO MONITOR CONFLICTS OF INTEREST FORM 990, PART VI - POLICIES - SEC. B, LINE 12 ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ("EXECUTIVES") OF MONEY MANAGEMENT INTERNATIONAL, INC. (MMI)ARE BOUND BY A CONFLICT OF INTEREST POLICY WHEREBY THEY MUST COMPLETE AND SUBMIT ON AN ANNUAL BASIS A CONFLICTS OF INTEREST QUESTIONNAIRE AND DISCLOSURE FORM DETAILING "ANY OTHER INTERESTS". THE EXECUTIVE MUST UPDATE THE DISCLOSURE FORM IF ANY MATERIAL CHANGES OR ADDITIONS TO THE SUBMITTED INFORMATION ARISE DURING THE COURSE OF THE YEAR. ON THE DISCLOSURE FORM, THE EXECUTIVE MUST LIST THE FOLLOWING: 1) ALL FINANCIAL TRANSACTIONS WITH THE ORGANIZATION. 2) WHETHER THE EXECUTIVE OR ANY FAMILY MEMBER OF THE EXECUTIVE HAS AN EXISTING OR POTENTIAL INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY THIRD PARTY PROVIDING GOODS OR SERVICES TO THE ORGANIZATION. 3) WHETHER THE EXECUTIVE OR ANY FAMILY MEMBER OF THE EXECUTIVE HAS AN EXISTING OR POTENTIAL INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY THIRD PARTY WITH WHICH THE ORGANIZATION IS CURRENTLY NEGOTIATING A TRANSACTION OR ARRANGEMENT. 4) ANY OTHER NONPROFIT OR FOR-PROFIT ORGANIZATIONS WITH POTENTIALLY CONFLICTING INTERESTS IN WHICH THE EXECUTIVE OR ANY FAMILY MEMBER OF THE EXECUTIVE IS ACTIVELY INVOLVED, HAS A SIGNIFICANT INVESTMENT, OR OWNS AT LEAST A 1% INTEREST. 5) ALL PAID OR UNPAID POSITIONS OR RELATIONSHIPS WITH NONPROFIT OR FOR-PROFIT THIRD PARTY ORGANIZATIONS THAT COMPETE WITH THE ORGANIZATION, OR TAKE PUBLIC POSITIONS CONTRARY TO THOSE OF THE ORGANIZATION. 6) ANY OTHER INTEREST THAT MAY ARISE FROM A TRANSACTION BETWEEN THE ORGANIZATION AND A THIRD PARTY, OR AN EXECUTIVE'S VOLUNTEER OR PAID RELATIONSHIP WITH A THIRD PARTY, WHICH MAY COMPROMISE THE EXECUTIVE'S ABILITY TO PROVIDE UNBIASED AND UNDIVIDED LOYALTY TO THE ORGANIZATION. PROCEDURES USED TO DETERMINE COMPENSATION FORM 990, PART VI - POLICIES - SEC. B, LINE 15 MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) HAS DEVELOPED AND IMPLEMENTED A COMPENSATION POLICY THAT ADHERES TO THE STANDARDS PROVIDED IN TREASURY REGULATIONS SECTION 53.4958-6. MMI'S COMPENSATION POLICY REQUIRES THE FOLLOWING: 1) PRIOR TO PAYMENT, THE AMOUNT OF COMPENSATION PROVIDED TO OFFICERS AND KEY EMPLOYEES MUST BE REVIEWED AND APPROVED BY INDEPENDENT PERSONS (THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS) ACTING ON BEHALF OF THE MMI BOARD OF DIRECTORS; 2) THE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON COMPARABILITY DATA AND VALUATION STUDIES PREPARED FOR MMI BY INDEPENDENT EXECUTIVE COMPENSATION EXPERTS IN ITS REVIEW AND APPROVAL OF OFFICER AND KEY EMPLOYEE COMPENSATION; AND 3) WHEN APPROVING AN AMOUNT OF COMPENSATION FOR OFFICERS AND KEY EMPLOYEES, THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS ITS DELIBERATIONS AND DECISIONS IN WRITING. GOVERNANCE & POLICY DISCLOSURE FORM 990, PART VI - DISCLOSURE - SECTION C, LINE 19 MONEY MANAGEMENT INTERNATIONAL, INC. (MMI) COMPLIES WITH THE PUBLIC INSPECTION REQUIREMENTS OF INTERNAL REVENUE CODE SECTION 6104 BY MAKING AVAILABLE TO THE PUBLIC ITS FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, DETERMINATION LETTER FROM THE IRS, AND FORMS 990 AND 990-T FOR ITS THREE MOST RECENTLY COMPLETED TAX PERIODS. IN ADDITION TO THIS INFORMATION, EVEN THOUGH SECTION 6104 DOES NOT REQUIRE ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) TO DISCLOSE THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, OR FINANCIAL STATEMENTS, MMI HAS CHOSEN TO MAKE SUCH INFORMATION AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. SINGLE AUDIT PROCEDURES FORM 990, PART XII - FINANCIAL STATEMENTS AND REPORTING - LINE 3B MMI'S BOARD OF DIRECTORS HAS ESTABLISHED AN AUDIT COMMITTEE WHICH REVIEWS ALL AUDITED FINANCIAL STATEMENTS, THE SELECTION OF OUTSIDE AUDITORS, AND THE PROCESS BY WHICH THE ORGANIZATION IS AUDITED. BECAUSE MMI RECEIVES GRANT FUNDING FROM THE U.S. FEDERAL GOVERNMENT, IN ADDITION TO THE REGULAR AUDIT OF FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), A SINGLE PURPOSE AUDIT IS PERFORMED AS REQUIRED BY THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. THIS AUDIT DISCLOSES AUDITOR OPINIONS REGARDING MMI'S COMPLIANCE WITH THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. 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