2024-05-14T09:16:53-07:00 2023-12-31 752599075 HATTER & ASSOCIATES LLP 6500 WEST FREEWAY SUITE 101 FORT WORTH TX 76116 990 2023-01-01 202870155 DEBT EDUCATION AND CERTIFICATION FOUNDATION DEBT 8668597323 114 GOLIAD ST BENBROOK TX 76126 DOUG TONNE CEO 8668597323 2024-05-14 true DOUG TONNE XXX-XX-XXXX true Walter D Hatter P00168769 8173359258 2024-05-14 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z DOUG TONNE 114 GOLIAD ST BENBROOK TX 76126 1643959 false X WWW.DEBT-FOUNDATION.ORG X 2005 TX TO STRENGTHEN THE COMMUNITY BY PROVIDING FINANCIAL EDUCATION TO INDIVIDUALS AND FAMILIES IN NEED 5 4 24 0 0 0 321240 0 1296382 1586441 12253 11077 24203 46441 1654078 1643959 0 0 886286 1337482 0 0 454548 449951 1340834 1787433 313244 -143474 1976853 2004727 1013752 1072138 963101 932589 X ATTACHMENT 1 false false 1121061 0 1586441 ATTACHMENT 2 1121061 true false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 8 0 24 true false false false false false false false false false false false false X 5 4 false false false false false false false true true false false true true true true true true true true false IL MA NV OR CA X KRISTI GEORGE 8668597323 114 GOLIAD ST BENBROOK TX 76126 DOUG TONNE PRESIDENT / CEO - START DATE 5/1/2023 40.00 X X 158992 0 32375 JUSTINE BOYDSTON VP OF OPERATIONS 40.00 X 116054 0 18713 MITCHELL ALLEN PRESIDENT / CEO - END DATE 4/30/2023 13.00 X X 107080 0 30520 NAT HOLT CFO 40.00 X 35000 0 0 MARK BORGE SECRETARY 2.00 X 0 0 0 BILL PARDUE TREASURER 2.00 X 0 0 0 BILLY JUROSKA DIRECTOR 2.00 X 0 0 0 SHELLEY AMASON DIRECTOR 2.00 X 0 0 0 417126 0 81608 3 false true false BANKRUPTCY COUNSELING 900099 1586441 0 0 1586441 10433 0 10433 46200 46200 46200 46200 644 644 644 0 0 644 OTHER INCOME 900099 241 0 0 241 241 1643959 1586441 0 57518 311394 129112 182282 0 657714 570654 87060 0 30460 22197 8263 0 256232 96757 159475 0 81682 57871 23811 0 24730 0 24730 0 19787 0 19787 0 1628 0 1628 0 71981 62042 9939 0 39854 0 39854 0 104649 73334 31315 0 34769 26345 8424 0 61691 46743 14948 0 3212 0 3212 0 4159 0 4159 0 26464 20052 6412 0 15732 0 15732 0 EDUCATION OUTREACH 0 0 0 0 MEMBER DUES AND SUBSCRIPTIONS 14712 0 14712 0 MISC EXPENSES 26583 15954 10629 0 1787433 1121061 666372 0 226178 158986 37050 36167 9401 5922 1670913 944918 748979 725995 955245 1077657 1976853 2004727 132240 79410 78267 94292 158894 154053 644351 744383 1013752 1072138 X 963101 932589 963101 932589 1976853 2004727 -143474 112962 X false true X false false X 0 0 2379816 2033270 237402 321240 0 4971728 1392282 1296382 1586441 4275105 0 0 2379816 2033270 1629684 1617622 1586441 9246833 0 0 0 9246833 24993 20428 11084 31028 56633 144166 24993 20428 11084 31028 56633 144166 1030 2155 869 529 241 4824 9395823 0.98410 0.98820 0.01530 0.01120 X Pt III Ln 12 Other Income Part III, Line 12 Description: OTHER INCOME 2019: 1030. 2020: 2155. 2021: 869. 2022: 529. 2023: 241. 0 67654 67654 767346 132137 635209 467271 467271 0 217686 211368 6318 150956 134142 16814 725995 DEFERRED COMPENSATION PLAN 744383 744383 X 1755293 112962 112962 1642331 1628 1628 1643959 1785805 1785805 1628 1628 1787433 Pt X, Line 2 THE FOUNDATION FOLLOWS THE PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH REQUIRES FINANCIAL STATEMENT RECOGNITION AND DISCLOSURE FOR UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF DECEMBER 31, 2023, MANAGEMENT DETERMINED THAT THE FOUNDATION DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR LIABILITIES. WITH FEW EXCEPTIONS, FEDERAL EXEMPT ORGANIZATION RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND MAY CHANGE UPON EXAMINATION. true false false false false false false false false DOUG TONNE 158992 0 0 0 0 0 9983 0 22392 0 191367 0 0 0 Pt I Line 4a MITCHELL ALLEN RECEIVED SEVERANCE PAYMENT OF $53,000 DURING 2023. Pt VI, Line 11b THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTANT AND REVIEWED BY SENIOR MANAGEMENT, WITH THE ASSISTANCE OF LEGAL COUNSEL. A FINAL COPY OF THE RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS. Pt VI, Line 12c THE FOUNDATION HAS A CONFLICT OF INTEREST POLICY. THIS POLICY SERVES TO DEFINE THE TERM CONFLICT OF INTEREST OF THE BOARD, OFFICERS, AND KEY EMPLOYEES IN IDENTIFYING AND DISCLOSING SUCH CONFLICTS, AND TO MINIMIZE THE IMPACT OF SUCH CONFLICTS ON THE FOUNDATION AND THE FULFILLMENT OF ITS MISSION WHENEVER POSSIBLE. THE POLICY IS INTENDED TO SUPPLEMENT, BUT NOT REPLACE, ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. PURSUANT TO THE POLICY, THE FOUNDATION REQUIRES ALL BOARD MEMBERS AND KEY EMPLOYEES (COVERED OFFICIALS) TO DISCLOSE ANY ACTUAL OR POTENTIAL TRANSACTION OR RELATIONSHIP WHICH PRESENTS, OR MAY PRESENT, A CONFLICT BETWEEN A COVERED OFFICIAL'S OBLIGATIONS TO THE FOUNDATION AND HIS OR HER PERSONAL, BUSINESS, OR OTHER INTERESTS. THIS IS ACCOMPLISHED THROUGH AN ANNUAL DISCLOSURE PROCESS AND REVIEW OF THE FOUNDATION'S CONFLICT OF INTEREST POLICY. THIS IS ALSO ACCOMPLISHED BY THE RELEVENT INDIVIDUAL NOTIFYING THE BOARD WHENEVER AN ACTUAL OR POTENTIAL CONFLICT ARISES. THE POLICY SPECIFIES PROCEDURES FOR THE BOARD TO FOLLOW WHEN ADDRESSING A POTENTIAL CONFLICT OF INTEREST. UNDER THE POLICY, IF THE BOARD DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD SHALL ALSO DETERMINE AN APPROPRIATE REMEDY. SUCH REMEDY MAY INCLUDE, FOR EXAMPLE, THE RECUSAL OF THAT INDIVIDUAL FROM PARTICIPATING IN CERTAIN MATTERS PENDING BEFORE THE BOARD. A COVERED OFFICIAL WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS, AND FURTHER ABSTAINS FROM PARTICIPATION IN ANY FOUNDATION MATTER AFFECTING THE INTEREST UNDER REVIEW PENDING A DETERMINATION. Pt VI, Line 15a THE FOUNDATION FOLLOWED THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTION RULES SET FORTH IN THE TREASURY REGULATION 53.4958-6 TO ESTABLISH AND APPROVE TOTAL REMUNERATION TO MR. ALLEN, PRESIDENT AND CEO (FROM 1/1/2023 - 4/30/2023), AND DOUG TONNE, COO (FROM 1/1/2023 - 4/30/2023) AND PRESIDENT AND CEO (STARTING 5/1/2023). THE FOUNDATION USED A SIMILAR COMPENSATION REVIEW PROCESS FOR OTHER OFFICERS AND KEY EMPLOYEES. PRIOR TO ESTABLISHING THE COMPENSATION TO BE PROVIDED TO THE FOUNDATION EXECUTIVES, OFFICERS AND KEY EMPLOYEES, THE FOUNDATION'S COMPENSATION COMMITTEE MET IN CONSIDERATION OF THE COMPENSATION, FOLLOWING THE FOUNDATION COMPENSATION POLICY. THE COMPENSATION COMMITTEE CONSIDERED AN EXECUTIVE COMPENSATION REPORT AND RECOMMENDATION LETTER TO THE BOARD OF DIRECTORS FROM A PREVIOUS YEAR. THE FOUNDATION POSSESSES NO INFORMATION INDICATING THAT THE RESULTS OF THE COMPENSATION REPORT AND RECOMMENDATION LETTER ARE NO LONGER VALID. THE BOARD OF DIRECTORS, EXCLUSIVE OF MR. ALLEN, MR. TONNE, AND OTHER KEY EMPLOYEES AND OFFICERS, VOTED AND APPROVED THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE. Pt VI, Line 15b THE COMPENSATION REVIEW WAS CONDUCTED NOVEMBER OF 2023 BY THE COMPENSATION COMMITTEE MEMBERS, BILL PARDUE AND MARK BORGE AND WAS RECORDED IN THE MINUTES OF THAT MEETING. THE PROCESS FOR THE COMPENSATION REVIEW FOLLOWS THE PROCEDURES SET FORTH IN THE TREASURY REGULATION 53.4958-6 (THE "REBUTTABLE PRESUMPTION OF REASONABLENESS"). THESE PROCEDURES INCLUDE: APPROVAL BY AN INDEPENDENT BODY, APPROPRIATE DATA AS TO COMPARABILITY, ADEQUATE DOCUMENTATION IN CONTEMPORANEOUS WRITTEN FORM WITH ADEQUATE TIME FOR CONSIDERATION AND REVIEW. Pt VI, Line 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC Other ATTACHMENT 1 - PART III, LINE 1 - ORGANIZATION'S MISSION - DEBT EDUCATION AND CERTIFICATION FOUNDATION'S MISSION IS TO STRENGTHEN THE COMMUNITY BY PROVIDING FINANCIAL EDUCATION TO INDIVIDUALS AND FAMILIES IN NEED. COURSE CONTENT AND COUNSELING COVERS FINANCIAL EDUCATION TOPICS SUCH AS BUDGETING, MONEY MANAGEMENT, WISE USE OF CREDIT, AND PROVIDES THE INDIVIDUAL WITH AVAILABLE OPTIONS TO ADDRESS THEIR SPECIFIC FINANCIAL SITUATION. COUNSELING IS PROVIDED TO INDIVIDUALS IN ENGLISH OR SPANISH TO MEET THE CULTURAL DIVERSITY AND NEEDS OF THE COMMUNITY WITHOUT REGARD TO ONE'S ABILITY TO PAY. THE FOUNDATION DOES NOT OFFER, NOR PROVIDE, DEBT MANAGEMENT PLANS, DEBT NEGOTIATION OR DEBT SETTLEMENT SERVICES. Other ATTACHMENT 2 - PART III - PROGRAM SERVICE, LINE 4A - DEBT EDUCATION AND CERTIFICATION FOUNDATION PROVIDES FINANCIAL EDUCATION COUNSELING TO INDIVIDUALS THROUGHOUT THE BANKRUPTCY PROCESS ACROSS THE UNITED STATES AND THE UNITED STATES TERRITORIES. SERVICES TOTALING $22,060 WERE PROVIDED FREE OF CHARGE. THE CERTIFIED CREDIT COUNSELORS COMPLETE INTERNAL TRAINING AND RECEIVE CERTIFICATION AS A CREDIT COUNSELOR FROM UNAFFILIATED OUTSIDE ORGANIZATIONS. CERTIFIED CREDIT COUNSELORS ALSO RECEIVE CALL AUDITS TO ENSURE COMPLIANCE WITH ORGANIZATION GUIDELINES AND ADHERENCE TO OTHER REGULATORY MANDATES. THE COUNSELING COVERS A VARIETY OF TOPICS TO AID THE INDIVIDUAL INCLUDING: CAUSE OF FINANCIAL DISTRESS, BUDGETING, MONEY MANAGEMENT, WISE USE OF CREDIT, CONSUMER PROTECTION LAWS AND PROVIDES INDIVIDUALS WITH AVAILABLE OPTIONS TO ADDRESS THEIR SPECIFIC FINANCIAL SITUATION. CONSUMERS ALSO RECEIVE INSTRUCTION THROUGH ONLINE OR TELEPHONIC RESOURCES DESIGNED TO PROVIDE THE INDIVIDUAL WITH TOOLS AND KNOWLEDGE TO IMPROVE MONEY MANAGEMENT SKILLS.