American Credit Foundation Inc.

American Credit Foundation Inc.

Midvale, UT 84047
Tax ID87-0628487

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About this organization

Revenue

$2,609,887

Expenses

$2,608,624

Mission

The purpose of this organization is to provide free credit counseling to the general public. Direct consultations with trained staff, program implementation and seminars have been extremely successful.

About

The purpose of this organization is to provide free credit counseling to the general public. This has been successful in the tax year 2013. Our experienced, trained staff have through direct consultations been able to help our clients, from all walks of life, to create debt management programs and maintain that program for longer than a year. This is a large accomplishment because most clients cannot maintain their program for a year. We credit our high retention numbers to the one on one trained credit counselors who follow up on a regular basis with their assigned client. We have also been successful with our free seminars that reach out to the general public. We have used both our in house facility and our out of the office. In these seminars we use trained staff to teach debt management, how to get out and stay out of debt, how to use money wisely in these tough economic conditions. These seminars have been well attended and we have received positive feedback from those attending the seminars.

Interesting data from their 2019 990 filing

The purpose of the non-profit is stated in the filing as “The purpose of this organization is to provide free credit counseling to the general public. direct consultations with trained staff, program implementation and seminars have been extremely successful.”.

Their activities were defined as: “The purpose of this organization is to provide free credit counseling to the general public. direct consultations with trained staff, program implementation and seminars have been extremely successful.”.

  • As per legal requirements, the non-profit's state of operation is reported as UT.
  • The non-profit's address in 2019 as per the filing is 7720 SOUTH 700 EAST, MIDVALE, UT, 84047.
  • The form of the non-profit organization shows 36 employees as of 2019.
  • 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 greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $17,706.
  • The CEO's salary policy within the organization is not determined through a review and approval by an independent source.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 4 independent voting members.
  • The organization was formed in 1999.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization pays $990,590 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization has a business related organization transaction.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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