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Debt Education And Certification Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202870155 ✦ Benbrook, TX ✦ Designated as a 501(c)(3)

Overview

What is Debt Education And Certification Foundation?

Debt Education and Certification Foundation (DECAF) is a nonprofit organization dedicated to strengthening the community by offering financial education. They specialize in providing credit counseling certificates necessary prior to bankruptcy filings and Debtor Education courses to be completed post-filing. The foundation's mission is to empower individuals and families in need, aiming to enhance their financial literacy and stability.


Official website here: www.debt-foundation.org

Is Debt Education And Certification Foundation legitimate?

Debt Education And Certification Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Debt Education And Certification Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $212,813
Professional Fundraising Fees: $0
Other Salaries and Wages: $584,431

For more financial information, click here


Official website here: www.debt-foundation.org

What is the mission statement of Debt Education And Certification Foundation?

The Debt Education and Certification Foundation, often referred to as DECAF, is dedicated to strengthening the community by providing financial education to individuals and families in need. Specifically, the organization offers credit counseling certificates as a prerequisite for filing for bankruptcy and Debtor Education courses to be completed after filing. The mission of DECAF is centered around equipping individuals with the necessary financial knowledge to navigate their financial challenges more effectively.


Official website here: www.debt-foundation.org

Who is the CEO of Debt Education And Certification Foundation?

Doug Tonne is the Coo of Debt Education And Certification Foundation. The CEO's salary of Debt Education And Certification Foundation is $15,400 and their total compensation is $51,823.


Official website here: www.debt-foundation.org

What is the revenue of Debt Education And Certification Foundation?

Debt Education And Certification Foundation's revenue in 2022 was $1,654,078.


Official website here: www.debt-foundation.org

Who are the executives of Debt Education And Certification Foundation and what are their salaries?

The average compensation at Debt Education And Certification Foundation during 2022 was $36,238. There are 22 employees at Debt Education And Certification Foundation.

Here are 8 key members and their salaries (Debt Education And Certification Foundation's CEO's salary is $15,400 and their total compensation is $51,823):

    Doug Tonne (Coo)
  • Compensation: $146,334
  • Related: $0
  • Other: $31,443

    • Justine Boydston (Vp Of Operations)
  • Compensation: $108,359
  • Related: $0
  • Other: $14,015

    • Mitchell Allen (President / Ceo) [Trustee/Director]
  • Compensation: $15,400
  • Related: $0
  • Other: $36,423

    • Nat Holt (Cfo)
  • Compensation: $35,000
  • Related: $0
  • Other: $0

    • Robert Olson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mitch Gervis (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hillary Strasner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Pardue (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.debt-foundation.org

    Where can I find the form 990 for Debt Education And Certification Foundation?

    The Debt Education And Certification Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.debt-foundation.org

    Learn more at the official website: www.debt-foundation.org

    Mission Statement of Debt Education And Certification Foundation

    Debt Education and Certification Foundation, commonly referred to as DECAF, is a nonprofit organization dedicated to enhancing its community by offering financial education to individuals and families in need. The foundation's primary mission is to provide credit counseling certificates, which are essential prerequisites for filing for bankruptcy. Beyond this, DECAF also offers Debtor Education courses for completion after the bankruptcy filing process has begun. These courses aim to equip individuals with the necessary knowledge and skills to manage their finances effectively and responsibly, thereby promoting financial stability and independence. By offering these services, DECAF plays a crucial role in empowering individuals and families to take control of their financial situations and ultimately, strengthen their communities.

    Impact

    This information is meant to be a general summary of Debt Education And Certification Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Debt Education And Certification Foundation has a significant impact on the community by providing essential financial education to individuals and families in need. Through its credit counseling certificates required before filing for bankruptcy and Debtor Education courses completed post-filing, DECAF plays a vital role in equipping people with the knowledge and skills to manage their finances effectively. This helps individuals facing financial difficulties to make informed decisions, improve their financial literacy, and ultimately work towards a more stable and secure financial future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,253
  • Program Service Revenue: $1,296,382
  • Gross Receipts: $1,748,199

    • Assets and Liabilities:
  • Total Assets: $1,976,853
  • Total Liabilities: $1,013,752
  • Net Assets: $963,101
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    BANKRUPTCY COUNSELING

    Revenue

    $1,296,382

    Organization Details

    Founding Year

    2005

    Principal Officer

    Doug Tonne

    Main Address

    114 GOLIAD ST, BENBROOK, TX, 76126

    NTEE Category

    Code: P51 - Human services

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