Consumer Credit of Minnesota
Consumer Credit of Minnesota
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About this organization
Mission
To help people who are in financial trouble solve their debt problems
About
Debt management plans: In 2018 we counseled 239 clients. All clients received budget & credit counseling. Out of the 239 clients counseled, we set up 70 debt management plans for clients to pay unsecured debts back to creditors through our program. In return the creditors will reduce interest rates & monthly payments for the client.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “Consumer credit of minnesota is committed to helping our clients by understanding their situation & making recommendations that will help them achieve their budget & debt repayment goals. we strive to maintain training & quality systems that will allow our counselors & client service team to provide a positive experience for our clients. we commit to continually improve our quality system. we also provide relevant, practical budget/debt/credit education to churches, schools, employers & other community groups.”.
When outlining its functions, they were explained as: “To help people who are in financial trouble solve their debt problems”.
- In compliance with legal regulations, the non-profit has reported their state of operation as MN.
- The filing records the non-profit's address for 2020 as 5871 CEDAR LAKE RD S STE 105, ST LOUIS PARK, MN, 55416.
- As of 2020, the non-profit's form reports a total of 3 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Provides credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $33,834.
- The compensation of the CEO of the organization is not based on an independent review and approval process.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 3 independent voting members.
- The organization was formed in 2011.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $46,437 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization's financial statements were reviewed by an accountant.