2011-11-11T16:55:53-05:00 2010-12-31 990 2010-01-01 541837741 Money Management International Inc MONE 7133943329 14141 Southwest Freeway Sugar Land TX 774783494 DAVID A JUENGEL 7133943329 2011-11-11 2010 2016-03-07 17:11:31Z IVAN HAND 14141 SOUTHWEST FRWY STE 1000 SUGAR LAND TX 77478 155400081 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 8 1791 143 979606 -91136 24400445 29560859 78497846 79292768 1675237 1635754 1313156 1220506 105886684 111709887 0 0 0 0 67879174 72334129 0 0 1232523 31212390 38082668 99091564 110416797 6795120 1293090 74344418 75575085 32158474 31346894 42185944 44228191 X TO IMPROVE LIVES THROUGH FINANCIAL EDUCATION. false false 46994603 68260953 Credit Counseling and Debt Management. ("Program Service #1") See Schedule O for a detailed description of MMI's Credit Counseling and Debt Management services. Included in Revenue for Program Service #1 is grant funding of $4,177,287 from Citigroup to support MMI's financial education efforts. These grants are included in Part VIII, Line 1f ("All other contributions, gifts, grants and similar amounts not included in Lines 1a-1e"). 28309316 26593895 Housing Counseling and Education. ("Program Service #2") See Schedule O for a detailed description of MMI's Housing Counseling and Education services. NOTE: Housing program costs listed here do not include all general and administrative costs allowable under federal grant programs. 7638975 8680166 Bankruptcy Counseling and Bankruptcy Education. ("Program Service #3") See Schedule O for a detailed description of MMI's Bankruptcy Counseling and Bankruptcy Education services. 3594872 4185066 CONSUMER EDUCATION PROGRAMS 1070742 979606 AGENCY SERVICES - UBI 4665614 5164672 87608508 true true false true 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 false true true true false false true 291 0 true 1791 true true true false false false false false false false false false false false false X 10 8 false false false false false false false true true false true true true true true true true true true true false AZ CA CO CT IL ME MD MA MI MS NJ NM NY OR PA WA WV X DAVID JUENGEL 7133943329 14141 SOUTHWEST FREEWAY SUITE 1000 SUGAR LAND TX 77478 X Lester E Dees 3.0 X 0 0 0 Frank DeGise 3.0 X 0 0 0 Douglas Durnin 3.0 X 0 0 0 Dr Angela Lyons 10.0 X 34800 0 0 Stephen A McNeely 3.0 X 0 0 0 Frank W Montfort 3.0 X 0 0 0 Scot E Sheldon 3.0 X 0 0 0 Dr William F Staats 3.0 X 0 0 0 Joseph P Warner 3.0 X 0 0 0 Ivan L Hand 50.0 X X 583910 0 305960 David A Juengel 45.0 X 239811 0 29516 Jean L Law 45.0 X 120779 0 8401 Mel Stiller 30.0 X 201244 0 19341 Anthony Scataglia 45.0 X 292765 0 31109 Terry Blaney 45.0 X 263333 0 22107 Charles Stanley 45.0 X 283442 0 15181 Marianne D'Aquila 45.0 X 201393 0 22291 Kandee Jahns 40.0 X 197579 0 21872 Joanne Kerstetter 40.0 X 172833 0 10745 Virginia Garretson 40.0 X 160673 0 14010 Don McGee 40.0 X 159637 0 21909 Rick Dobson 40.0 X 140662 0 12745 Steven Bucci 15.0 X 182052 0 7334 3234913 0 542521 38 true true false Venable LLP POBox 630798 BALTIMORE MD 21263 LEGAL 1931509 Ajilon Professional Staffing Dept CH 14031 PALATINE IL 60055 TEMP AGENCY 735321 Burnett Companies POBox 973940 DALLAS TX 75397 TEMP AGENCY 407605 Contract Resource Group LLC 7108 Old Katy Rd Ste 150 HOUSTON TX 77024 IT Consulting 216960 NetVersant Solutions II LLC PO Box 201782 DALLAS TX 75320 Telecom Consulting 198053 10 10472 3540160 20517629 5492598 29560859 BUDGET AND DEBT COUNSELING 624100 64084168 64084168 HOUSING COUNSELING AND EDUCATION 624100 6080778 6080778 BANKRUPTCY COUNSELING AND EDUCATION 624100 8680166 8680166 EDUCATION PROGRAMS & COMMUNITY OUTREACH 611710 447656 447656 79292768 1257206 1257206 0 0 43650 43650 43650 43650 44064392 4350 43688050 2144 376342 2206 378548 378548 0 0 0 UNRELATED BUSINESS INCOME 561499 979606 979606 EDUCATIONAL BOOK SALES 611710 197250 197250 1176856 111709887 79490018 979606 1679404 0 0 0 0 2675382 2675382 0 58366601 53442402 4026449 897750 1414067 637136 711410 65521 5442805 4189201 1196067 57537 4435274 3995090 386420 53764 0 644439 644439 189395 189395 10690 10690 0 88872 88872 882120 276770 598426 6924 7075179 7075179 6080690 5061568 1013748 5374 1742285 1517245 225040 0 5826385 5139374 649353 37658 1463253 895652 493352 74249 0 334744 96292 219111 19341 6660 6660 919600 919600 3093808 2325008 767971 829 323696 75927 247769 DUES AND ASSOCIATION FEES 822684 688827 128406 5451 LICENSES AND TAXES 299386 84450 214936 TRAINING 526507 426250 100257 PUBLIC RELATIONS 134963 134963 PRINTING & PUBLICATIONS 644108 606902 30106 7100 6973204 20672 6951507 1025 110416797 87608508 21575766 1232523 4299220 389198 50000 50000 99024 163803 5017395 8143120 383433 338789 1175456 1370529 38851562 23505006 11556669 15346556 27062039 25105591 14085 1537 24687097 24665962 74344418 75575085 13585301 11339524 16780250 17557946 1792923 2449424 32158474 31346894 X 41016222 43488362 1169722 739829 42185944 44228191 74344418 75575085 X 1293090 749157 X X false true true X true true X false false false 8879451 9160974 12849297 24400440 26069696 81359858 65690550 64224103 74139109 78814288 79494530 362362580 74570001 73385077 86988406 103214728 105564226 443722438 7709867 7487550 12420943 23230340 28997076 79845776 0 0 5732810 9162585 5802185 20697580 7709867 7487550 18153753 32392925 34799261 100543356 343179082 3059616 3475783 880751 891321 1300856 9608327 524741 707245 1005432 1004233 979606 4221257 3584357 4183028 1886183 1895554 2280462 13829584 1072000 78450 -90830 1059620 79226358 77568105 88953039 105019452 107844688 458611642 0.74830 0.79046 0.03016 0.03607 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10690 10690 10690 10690 109335363 113958766 109346053 113969456 1000000 1000000 250000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 9802 24977 176092 10690 221561 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 false true 861782 861782 4057870 2089858 1968012 1544730 879787 664943 11881116 9212942 2668174 20506064 11322419 9183645 15346556 CASH HELD IN TRUST FOR CLIENTS 17557946 DEPOSITS 1290650 RESTRICTED INVESTMENTS 264155 CURRENT VALUE OF INSURANCE 5553211 24665962 0 ACCRUED LEASE EXPENSE 1381252 DEFERRED COMPENSATION 814289 FUNDS HELD FOR AGENCIES 15910 FUNDS HELD AS AGENT 237973 2449424 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. X X X X true false false false false false false false false Mel Stiller 180019 0 17400 0 3825 0 12065 0 7276 0 220585 0 0 0 Ivan L Hand 300000 0 0 0 283910 0 289700 0 16260 0 889870 0 250000 0 David A Juengel 196462 0 35300 0 8049 0 14386 0 15130 0 269327 0 0 0 Anthony Scataglia 218077 0 60300 0 14388 0 14700 0 16409 0 323874 0 0 0 Terry Blaney 200000 0 20300 0 43033 0 14700 0 7407 0 285440 0 0 0 Charles Stanley 218077 0 60300 0 5065 0 14700 0 481 0 298623 0 0 0 Marianne D'Aquila 175654 0 25300 0 439 0 12078 0 10213 0 223684 0 0 0 Kandee Jahns 169039 0 20300 0 8240 0 11852 0 10020 0 219451 0 0 0 Joanne Kerstetter 170000 0 300 0 2533 0 10364 0 381 0 183578 0 0 0 Virginia Garretson 149500 0 10300 0 873 0 9663 0 4347 0 174683 0 0 0 Don McGee 144039 0 15300 0 298 0 9577 0 12332 0 181546 0 0 0 Rick Dobson 130000 0 5300 0 5362 0 8434 0 4311 0 153407 0 0 0 Steven Bucci 178980 0 2518 0 554 0 813 0 6521 0 189386 0 0 0 IVAN L. HAND SCH. J - PART II, LINE 2(i) Of the deferred compensation for Ivan L. Hand, $275,000 is subject to a substantial risk of forfeiture. Of the other reportable compensation for Ivan L. Hand, $250,000 was earned in a prior year, but paid in the current year. STEVEN BUCCI SCH. J - Part II, Line 13(i) Of the base compensation reported for Steven Bucci, $154,808 was for severance pay related to his retirement from the organization. IVAN L HAND OFFICER-MMI; OFFICER-SNE N/A MEL STILLER KEY EMPL-MMI; OFFICER-SNE N/A DAVID A JUENGEL OFFICER-MMI; OFFICER-SNE N/A JEAN L LAW OFFICER-MMI; OFFICER-SNE N/A LESTER E DEES DIR-MMI; DIR-SNE N/A FRANK DEGISE DIR-MMI; DIR-SNE N/A DOUGLAS DURNIN DIR-MMI; DIR-SNE N/A DR ANGELA LYONS DIR-MMI; DIR-SNE N/A STEPHEN A MCNEELY DIR-MMI; DIR-SNE N/A FRANK W MONTFORT DIR-MMI; DIR-SNE N/A SCOT E SHELDON DIR-MMI; DIR-SNE N/A DR WILLIAM F STAATS DIR-MMI; DIR-SNE N/A JOSEPH P WARNER DIR-MMI; DIR-SNE N/A Credit Counseling and Debt Management Part III - 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 2010, 176,070 received free budget and debt counseling sessions. During a budget and debt 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 120 locations throughout the country (which includes donated office space valued at $48,050). Some consumers seeking budget and debt counseling received both financial guidance from a certified credit counselor 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 2010, the support teams handled over 681,000 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 Part III - 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 over 112,000 consumers on housing-related issues in 2010. 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 supported by the U.S. Department of Housing and Urban Development, the National Foreclosure Mitigation Counseling program (NeighborWorks), the Homeownership Preservation Foundation, the United States Treasury's Making Home Affordable program (MHA) and the Pennsylvania Housing Finance Agency. NOTE: Included in revenue for Program Service #2 (Housing Counseling) is grant funding of $2,391,504 from the Department of Housing and Urban Development, $9,201,247 from NeighborWorks America (received either directly from NeighborWorks or from pass-through organizations such as HPF or the National Foundation for Credit Counseling), and $8,920,366 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 Part III - 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. In-person bankruptcy counseling is available by appointment in all of the local markets in which we operate. Individuals can also complete a pre-filing counseling session by telephone, Internet or Web chat. In 2010, MMI provided 115,500 pre-filing bankruptcy counseling sessions. MMI is also approved by the EOUST to deliver pre-discharge bankruptcy education services. In 2010, more than 68,000 debtors participated in one of our bankruptcy pre-discharge education programs. This important education program is available by a variety of delivery methods. In-person programs are available in all areas where MMI has a local presence. Telephone and online programs are scheduled at various times, including evenings and weekends, to provide convenient access to 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 Part III - 4d - Program Service #4 Community outreach and consumer financial education is an integral part of 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 has 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 2010, education specialists along with the agency's 143 trained volunteers, provided 28,135 hours of financial literacy education through workshops and outreach events to 166,696 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 financial skills-building, budgeting, establishing credit, buying decisions, and planning for the future. These donated services are valued at $120,419. 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"; "Ready Willing and Able: Making Positive Financial Change"; "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 that address distinguishing between wants and needs, making wise spending choices, budgeting, the importance of saving, and 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"; "Apartments, Cars and College"; and "Real Money 101". 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. Particpants sign into "Connect Pro" 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"; and "Let's Talk--Couples and Money". 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. In 2010, a related support organization (MMI Financial Education Foundation) gave MMI a grant totalling $3.4 million to further our efforts to provide free financial education to the public. Agency Services - Unrelated Business Income Part III - 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. Process Used to Review 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. Members of the MMI Audit Committee: Frank Montfort - Chairman Doug Durnin Lester Dees Procedures to monitor conflicts of interest 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 Part VI - Policies - Sec. B, Line 15 Money Management International, Inc. (MMI) has a Compensation Policy whereby prior to setting compensation levels, the compensation for Officers and Key Employees are determined based on comparability data and market studies prepared by independent executive compensation consultants. Compensation levels are reviewed and approved by independent persons (the Compensation Committee) who provide contemporaneous substantiation of their deliberations and decisions. Members of the MMI Compensation Committee: Scot Sheldon - Chairman Steve McNeely Pat Warner Governance & Policy Disclosure 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. Other Changes in Net Assets Part XI - Reconciliation of Net Assets - Line 5 Other Changes in Net Assets: Unrealized Investment Gains $896,653 Adjustment to Net Asset balance ($147,498) for contribution of net assets related to MMI Financial Education Foundation, which MMI acquired on Nov.1, 2010. ---------- Total $749,155 Single Audit Procedures Part XII - Financial Statements and Reporting - Line 3b The Board of Directors for Money Management International, Inc. (MMI) 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. 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 is performed because MMI receives grant funding from the US federal government. A Special Purpose audit discloses auditor opinions reqarding MMI's compliance, in all material respects, with the requirements of the Single Audit Act and OMB Circular A-133. Other Functional Expenses Form 990, PART IX, Line 24 (f) - Other Expenses Included in Line 24 (f) of Part IX are net costs related to legal actions which occurred during 2007 and 2008. In 2007, Consumerinfo.com sued Money Management International, Inc. (MMI) alleging trademark infringement, breach of contract, and other similar claims concerning a trademark actually owned by MMI (MyScorePlus). During the course of the litigation, MMI ceased offering the MyScorePlus service for reasons unrelated to the litigation. A ruling was issued in 2008 in favor of the plaintiff for approximately $1 million. MMI accrued for that amount in 2008. On appeal, however, the decision of the lower court was reversed and remanded on March 11, 2010. Later in 2010, MMI recognized a gain of approximately $639,000 upon the settlement of the matter as the final settlement amount was less than the amount originally accrued. In 2008, MMI was served with a complaint by six unrelated parties alleging MMI was operating in violation of the Credit Repair Organization Act. Only three of the six named plaintiffs were ever counseled by MMI, and such counseling was a result of a court approved transfer of those clients from AmeriDebt Inc. to MMI. Subsequently, all three clients successfully completed their debt management plans. Throughout the discovery process, MMI argued that these claims were totally without merit since, among other reasons, by nature of MMI's 501(c)(3) non-profit status (which was recently confirmed by the Internal Revenue Service), MMI is not subject to the Credit Repair Organization Act. In an effort to ensure that MMI can fully focus on its mission to improve lives through financial education, basic settlement terms were agreed upon with the plaintiffs. MMI and the class representatives agreed that no part of the settlement should be construed as presumption of guilt, concession or admission of liability, or wrongdoing as to any facts or claims alleged in the complaint. In October 2010, attorneys for the plaintiffs filed an application for preliminary approval of the settlement. MMI settled the litigation for $6.5 million in favor of the plaintiffs, and this liabilty was accrued for in 2010. MMI also recognized approximately $607,000 for legal expenses related to the litigation. On April 28, 2011, the settlement received final approval. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Lester E. Dees TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Frank DeGise TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Douglas Durnin TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Dr. Angela Lyons TITLE:Director HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Stephen A. McNeely TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Frank W. Montfort TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Scot E. Sheldon TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Dr. William F. Staats TITLE:Director HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Joseph P. Warner TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Ivan L. Hand TITLE:President & Director HOURS:8 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:David A. Juengel TITLE:Treasurer HOURS:8 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Jean L. Law TITLE:Secretary HOURS:8 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Mel Stiller TITLE:Senior Vice President HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Steven Bucci TITLE:SVP - Retired HOURS:35 CCCS of Southern New England Inc 14141 Southwest Freeway Ste 1000 Sugar Land TX 77478 237230816 Credit Couns. MA 501(c)(3) 9 MMI INC MMI Financial Education Foundation 14141 Southwest Freeway Ste 1000 Sugar Land TX 77478 760691702 Fin. Educ. TX 501(c)(3) 11, Type I MMI INC REVERSE MORTGAGE COUNSELING ASSOCIATION 14141 Southwest Freeway Ste 1000 Sugar Land TX 77478 262387390 COUNS. SUPPORT DC NA C 0 0 0.00000 false true true false false false false false false false true true false false true true false false CCCS of Southern New England Inc O 819600 CCCS of Southern New England Inc P 48224 MMI Financial Education Foundation B 100000 MMI Financial Education Foundation C 3540160 CCCS OF SOUTHERN NEW ENGLAND, INC. 14141 SOUTHWEST FRWY #1000, SUGAR LAND, TX 77478 EIN: 23-7230816, LOBBYING EXPENSE: NONE MMI FINANCIAL EDUCATION FOUNDATION 14141 SOUTHWEST FRWY #1000, SUGAR LAND, TX 77478 EIN: 76-0691702, LOBBYING EXPENSE: NONE