2025-10-15T09:59:05-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2024-01-01 530132493 NATIONAL FOUNDATION FOR CREDIT COUNSELING INC NATI 2026774314 2033 K STREET NW 425 WASHINGTON DC 20006 MICHAEL CROXSON CEO 2026774314 2025-10-13 1 1 ROBERT WILLIAMS P01345960 5712279500 2025-10-08 2024 2025-03-06 01:10:19Z MICHAEL CROXSON 2033 K STREET NW 425 WASHINGTON DC 20006 8621347 0 X WWW.NFCC.ORG X 1970 DC THE NFCC AND ITS MEMBERS OFFER PEOPLE SOLUTIONS AND SUPPORT TO ADDRESS FINANCIAL CHALLENGES AND TAKE CHARGE OF THEIR OWN FINANCIAL FUTURES. 15 15 19 16 0 0 5396039 3374114 4327336 5122747 -59882 124486 0 0 9663493 8621347 3336321 1538301 0 0 3054746 3505945 0 0 361091 4591539 3945487 10982606 8989733 -1319113 -368386 7689049 6325266 3606156 2578581 4082893 3746685 X TO LEAD A NATIONAL MOVEMENT THAT BETTER EQUIPS AMERICANS TO MANAGE THEIR FINANCIAL FUTURES AND, IN TURN, ADVANCES THE ECONOMY AND OUR NATION AS A WHOLE. FOUNDED IN 1951, THE NATIONAL FOUNDATION FOR CREDIT COUNSELING (NFCC) IS THE OLDEST NONPROFIT DEDICATED TO IMPROVING PEOPLE'S FINANCIAL WELL-BEING. WITH 52 MEMBER AGENCIES AND OVER 1,200 NFCC CERTIFIED CREDIT COUNSELORS SERVING 50 STATES AND ALL U.S. TERRITORIES, OUR NFCC CERTIFIED CREDIT COUNSELORS ARE FINANCIAL ADVOCATES, EMPOWERING MILLIONS OF CONSUMERS TO TAKE CHARGE OF THEIR FINANCES THROUGH ONE-ON-ONE FINANCIAL REVIEWS THAT ADDRESS CREDIT CARD DEBT, STUDENT LOANS, HOUSING DECISIONS, AND OVERALL MONEY MANAGEMENT. 0 0 3851834 49654 MEMBERSHIP SUPPORT: FOSTER MEMBER COMMUNICATIONS; HOLD MEMBER MEETINGS AND ANNUAL CONFERENCE; PROVIDE COUNSELOR CERTIFICATION; PROVIDE A PATH TO ASSISTANCE FOR CONSUMERS VIA THE CONSUMER'S PREFERRED METHOD (CURRENTLY PHONE AND ONLINE FORM, WHILE BUILDING-OUT VIDEO AND DIGITAL ENTRY OPTIONS). MAINTAIN RELATIONSHIPS WITH CREDIT-GRANTING ORGANIZATIONS TO SUPPORT CLIENTS AND MEMBER ORGANIZATIONS, BUILD AWARENESS FOR MISSION THROUGH MEDIA OUTREACH. 1899774 1030789 5122747 HOUSING COUNSELING: DEVELOP AND MAINTAIN PARTNERSHIPS WITH COALITION OF HUD INTERMEDIARIES, INCLUDING MORTGAGE LENDERS AND SERVICERS, TO HELP MEMBERS ASSIST CONSUMERS WITH PRE-HOME OWNERSHIP (PRE-PURCHASE) COUNSELING, POST-PURCHASE COUSENLING TO HELP ENSURE THAT NEW OWNERS CAN REMAIN IN THEIR HOMES, EVICTION (FOR RENTERS) AND FORECLOSURE PREVENTION 527821 330290 GENERAL FINANCIAL EDUCATION: DEVELOP AND SUPPORT FINANCIAL EDUCATION FOR CONSUMERS; DEVELOP PARTNERSHIPS WITH OTHER ORGANIZATIONS TO ADDRESS THE NEED FOR PERSONAL FINANCIAL LITERACY. NFCC MEMBER AGENCIES HAVE PROVIDED EDUCATION AND ASSISTANCE TO 35 MILLION PEOPLE SINCE 2006. 233130 127568 233130 127568 6512559 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 30 0 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MATTHEW RIBE 2026774337 2033 K STREET NW 425 WASHINGTON DC 20006 JAY DESMARTEAU CHAIR AS OF 08/2024 1.00 X X 0 0 0 DEBBIE BIANUCCI CHAIR UNTIL 08/2024 1.00 X X 0 0 0 GENGER CHARLES VICE CHAIR 1.00 X X 0 0 0 JIM TRIGGS SECRETARY 1.00 X X 0 0 0 FAISAL UDDIN TREASURER 1.00 X X 0 0 0 GLORIA BANKS TRUSTEE UNTIL 05/2024 1.00 X 0 0 0 GARY VOLLMER TRUSTEE 1.00 X 0 0 0 CHRISTOPHER CAMAIONE-LIND TRUSTEE 1.00 X 0 0 0 GEORGE JANAS TRUSTEE 1.00 X 0 0 0 CHRISTOPHER VIALE TRUSTEE 1.00 X 0 0 0 SARAH GOLDFRANK TRUSTEE 1.00 X 0 0 0 ELEANOR HOHMAN TRUSTEE 1.00 X 0 0 0 AMY HELEN TRUSTEE 1.00 X 0 0 0 JILL FELDMAN TRUSTEE 1.00 X 0 0 0 MICHAEL GROSSBERG TRUSTEE 1.00 X 0 0 0 KAVITA KAMDAR TRUSTEE 1.00 X 0 0 0 KRISTEN HOLT TRUSTEE 1.00 X 0 0 0 MICHAEL CROXSON CEO 50.00 X 508543 0 153938 ELLEN GOURY VP, FINANCE & HR 50.00 X 178831 0 26417 JENNIFER LANDIS PIZI COO 50.00 X 314205 0 68995 KRISTIN ALEXANDER CDO - UNTIL 11/2024 50.00 X 196477 0 8219 BRUCE MCCLARY SVP, MEDIA RELATIONS & MEMBERSHIP 50.00 X 142606 0 13866 MATTHEW RIBE GENERAL COUNSEL 50.00 X 178640 0 39917 HERMOND PALMER VP, OUTREACH & INCLUSION 50.00 X 193287 0 6812 JESSICA BLAIS SVP, MARKETING 50.00 X 136908 0 9409 1849497 0 327573 11 0 1 0 FRONTLINE MANAGED SERVICES PO BOX 844774 BOSTON MA 02284 IT 220557 GO DO GOOD 12191 W LINEBAUGH AVE 751 TAMPA FL 33626 MARKETING 190000 HENRY LABS INC 619 7TH ST SAN FRANCISCO CA 94103 IT 151742 CIPTEX 1 ST PETERS SQUARE MANCHESTER UK IT 112531 4 818585 2555529 3374114 NATIONAL LOCATOR LINE 900099 3216904 3216904 MEMBERSHIP DUES 900099 1444123 1444123 COUNSELOR FEES 900099 206630 206630 OTHER PROGRAM SERVICES 900099 197590 197590 EXHIBIT FEES 900099 57500 57500 5122747 124486 124486 8621347 5122747 0 124486 1538301 1538301 1090884 571707 491848 27329 1886082 928717 747382 209983 118005 63262 41813 12930 208730 110536 78257 19937 202244 107216 77576 17452 88182 88182 64524 64524 251245 171558 64329 15358 1663524 1663524 148527 54971 73488 20068 741058 586929 140437 13692 188636 95850 77310 15476 132372 80581 51274 517 172847 172847 95732 48643 39235 7854 44677 44677 COMMUNICATIONS 103557 74629 28448 480 STUDIES AND SURVEYS 100040 99660 380 GRANTMAKING SERVICE FEE 98690 98690 TRAINING 51876 44938 6923 15 8989733 6512559 2116083 361091 638488 796146 991449 376295 277644 394358 95750 142858 778824 609873 255065 168951 3799578 3098125 1631075 1348533 7689049 6325266 577549 522906 1119761 431026 1908846 1624649 3606156 2578581 X 1695139 1879883 2387754 1866802 4082893 3746685 7689049 6325266 -368386 32178 0 X 0 1 X 1 1 1 X 7148015 6336184 6069586 5396039 3374114 28323938 7148015 6336184 6069586 5396039 3374114 28323938 4515276 23808662 3301 1897 861 55122 124486 185667 2421 2618 5039 28514644 19811684 0.83500 0.64640 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 2,421. 2021 AMOUNT: $ 2,618. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 618481 649220 699130 1966831 2950247 1010 10612 10399 22021 154620 162305 174783 491708 737562 1010 1010 85524 25916 59608 405166 356560 48606 288134 227397 60737 168951 RIGHT OF USE ASSET 1348533 1348533 LEASE LIABILITY 1614369 OTHER LIABILITIES 10280 1624649 X 8653525 32178 32178 8621347 0 8621347 8989733 0 8989733 0 8989733 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A TAX LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. IT IS THE FOUNDATION'S POLICY TO RECOGNIZE INTEREST AND /OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INCOME TAX OR INTEREST EXPENSE. AS OF DECEMBER 31, 2024 AND 2023, THE FOUNDATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. 1 ADVANTAGE CREDIT COUNSELING SERVICE INC 2403 SIDNEY ST STE 225 PITTSBURGH PA 15203 251201741 501(C)(3) 31987 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING AMERICAN CONSUMER CREDIT COUNSELING 130 RUMFORD AVE AUBURNDALE MA 02466 043166982 501(C)(3) 40326 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CAMBRIDGE CREDIT COUNSELING CORP 67 HUNT ST AGAWA MA 01001 043337726 501(C)(3) 62021 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF CENTRAL OHIO 690 TAYLOR RD COLUMBUS OH 43213 310731111 501(C)(3) 64915 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF DELAWARE VALLEY 1635 MARKET STREET PHILADELPHIA PA 19103 231671903 501(C)(3) 57736 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF MID-OHIO VALLEY 2715 MURDOCH AVE PARKERSBURG WV 26102 237124716 501(C)(3) 33142 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER 1050 UNIVERSITY AVE STE A ROCHESTER NY 14607 160972260 501(C)(3) 55160 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CHRISTIAN CREDIT COUNSELORS INC 5838 EDISON PL 130 CARLSBAD CA 92008 382956171 501(C)(3) 10240 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSOLIDATED CREDIT SOLUTIONS 5701 W SUNRISE BLVD 100 FORT LAUDERDALE FL 33313 592261789 501(C)(3) 9365 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING OF SPRINGFIELD MISSOURI INC 151 S GLENSTONE SPRINGFIELD MO 65804 431483251 501(C)(3) 71999 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF NORTHERN ILLINOIS INC 13707 W JACKSON ST NO B WOODSTOCK IL 60098 363185383 501(C)(3) 16923 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF SOUTHERN OREGON INC 820 CRATER LAKE AVE MEDFORD OR 97504 930585893 501(C)(3) 29873 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF THE SAVANNAH AREA INC 7505 WATERS AVE PARK S SAVANNAH GA 31406 580958705 501(C)(3) 15404 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER CREDIT COUNSELING SERVICE OF WESTERN NORTH CAROLINA INC 50 S FRENCH BROAD AVE ASHEVILL NC 28801 561056077 501(C)(3) 17527 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER DEBT COUNSELORS INC 831 W MORSE BLVD WINTER PARK FL 32789 593548266 501(C)(3) 23842 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CONSUMER EDUCATION SERVICES INC 3700 BARRETT DR RALEIGH NC 27609 562106758 501(C)(3) 21329 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CREDIT ADVISORS FOUNDATION 1818 S 72ND ST OMAHA NC 68124 470751100 501(C)(3) 31769 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING CREDIT COUNSELING OF ARKANSAS 1111 ZION RD FAYETTEVILLE AR 72703 710772094 501(C)(3) 17670 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY COUNSELING CENTER OF MOBILE 705 OAK CIR DR EAST MOBILE AL 36609 630388685 501(C)(3) 11641 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY CREDIT MANAGEMENT 111 N WABASH CHICAGO IL 60602 364060853 501(C)(3) 5046 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY FOUNDATIONS OF NORTHEAST FLORIDA INC 40 E ADAMS ST JACKSONVILLE FL 32202 590768265 501(C)(3) 22315 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY SERVICE ASSOCIATION 1930 N 8TH ST SHEBOYGAN WI 53081 390808501 501(C)(3) 82451 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FAMILY SERVICES INC 29 NORTH HAMILTON STREET POUGHKEEPSIE NY 12061 570324920 501(C)(3) 8343 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING FINANCIAL PATHWAYS OF THE PIEDMONT 7820 N POINT BLVD WINSTONSALEM NC 27106 561015074 501(C)(3) 18823 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING GARDEN STATE CONSUMER CREDIT COUNSELING INC 200 US HIGHWAY 9 MANALAPAN NJ 07726 223120920 501(C)(3) 27423 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING GREENPATH INC 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 386142925 501(C)(3) 27284 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING HOUSING AND CREDIT COUNSELING INC 1195 S W BUCHANAN TOPEKA KS 66604 480822466 501(C)(3) 50894 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING INCHARGE DEBT SOLUTION 5750 MAJOR BLVD ORLANDO FL 32819 330770440 501(C)(3) 110189 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING LUTHERAN SOCIAL SERVICE OF MINNESOTA 424 W SUPERIOR ST DULUTH MN 55108 410872993 501(C)(3) 8115 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING LUTHERAN SOCIAL SERVICES OF SOUTH DAKOTA INC 705 EAST 41ST STREET 200 SIOUX FALLS SD 571056048 460224731 501(C)(3) 11294 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING MONEY MANAGEMENT INTERNATIONAL 12603 SOUTHWEST FREEWAY STAFFORD TX 77477 541837741 501(C)(3) 280650 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING NORTH SEATTLE COMMUNITY COLLEGE FOUNDATION 600 UNIVERSITY ST SEATTLE WA 98101 911163554 501(C)(3) 45905 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING PARACHUTE CREDIT COUNSELING INC 40 GARDENVILLE PKWY WEST SENECA NY 14224 160909583 501(C)(3) 36653 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING PARKVIEW SERVICES 4720 200TH ST SW SUITE 200 LYNNWOOD WA 98036 910828809 501(C)(3) 14516 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING SPRINGBOARD NONPROFIT CONSUMER CREDIT MANAGEMENT INC 1450 IOWA AVENUE SUITE 200 RIVERSIDE CA 92507 330656671 501(C)(3) 62672 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING TAKE CHARGE AMERICA 20430 N 19TH AVENUE SUITE 155 PHOENIX AZ 85027 860593598 501(C)(3) 42776 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING TENFOLD 308 E KING ST LANCASTER PA 17602 231731792 501(C)(3) 11345 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING TRIANGLE FAMILY SERVICES 3937 WESTERN BLVD RALEIGH NC 27606 560547491 501(C)(3) 26313 0 N/A N/A SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING 38 0 PART I, LINE 2: THE NFCC PERFORMS PERIODIC COMPLIANCE REVIEWS OF THE SUPPORTING DOCUMENTATION FOR THE FUNDS USED AND TAKES APPROPRIATE CORRECTIVE ACTION IF USAGE DOES NOT COMPLY WITH THE GRANT REQUIREMENTS. X X X X X 1 0 0 0 0 0 0 1 0 MICHAEL CROXSON CEO 390418 0 118125 0 0 0 136500 0 17438 0 662481 0 118125 0 JENNIFER LANDIS PIZI COO 254205 0 60000 0 0 0 60000 0 8995 0 383200 0 60000 0 MATTHEW RIBE GENERAL COUNSEL 163640 0 15000 0 0 0 15000 0 24917 0 218557 0 15000 0 ELLEN GOURY VP, FINANCE & HR 170981 0 7850 0 0 0 1500 0 24917 0 205248 0 5000 0 KRISTIN ALEXANDER CDO - UNTIL 11/2024 167632 0 5769 0 23076 0 0 0 8219 0 204696 0 0 0 HERMOND PALMER VP, OUTREACH & INCLUSION 178287 0 15000 0 0 0 5000 0 1812 0 200099 0 10000 0 BRUCE MCCLARY SVP, MEDIA RELATIONS & MEMBERSHIP 137606 0 5000 0 0 0 5000 0 8866 0 156472 0 5000 0 PART I, LINE 3 THE BOARD EXECUTIVE COMMITTEE REVIEWS COMPENSATION STUDY PROVIDED BY INDEPENDENT CONSULTANT WHICH IS THEN PRESENTED TO AND APPROVED BY THE FULL BOARD PART I, LINE 4A NAME: KRISTIN ALEXANDER, DESCRIPTION: CHIEF DEVELOPMENT OFFICER, CURRENT YEAR AMOUNT: $23,076. PLAN DESCRIPTION: 6 WEEKS SEVERANCE PAYOUT. THE AMOUNT WAS INCLUDED IN THEIR TAXABLE COMPENSATION. PART I, LINE 7 BONUSES PAID OUT TO EMPLOYEES WERE NON-FIXED PAYMENTS AND NOT CONTINGENT ON THE ORGANIZATION'S REVENUE OR NET EARNINGS MEREDITH LANDIS FAMILY OF CURRENT KEY EMPLOYEE 119475 NFCC EMPLOYEE 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS COMPOSED OF THE OFFICERS OF THE BOARD (CHAIR, VICE CHAIR, SECRETARY AND TREASURER) AS WELL AS THE CHAIR OF THE COUNCIL OF MEMBER AFFAIRS. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE BOARD IN BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THE NFCC BYLAWS PROVIDE, IN RELEVANT PART, THE FOLLOWING: IN ORDER TO BE A MEMBER AN ORGANIZATION MUST: BE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BE DULY QUALIFIED AND EXISTING UNDER THE LAWS OF THE DISTRICT OF COLUMBIA,OR ANY STATES OR TERRITORY OF THE UNITED STATES OF AMERICA. PROVIDE FINANCIAL COUNSELING SERVICES AND ACT IN COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE LAWS AND REGULATIONS. OBTAIN AND MAINTAIN THE FOUNDATION-APPROVED ACCREDITATION. COMPLY WITH THE NFCC'S MEMBER QUALITY STANDARDS. FORM 990, PART VI, SECTION A, LINE 7A THE NFCC MEMBERS ELECT MEMBER-REPRESENTATIVE TRUSTEES TO THE NFCC BOARD OF TRUSTEES AT THE ANNUAL MEETING OF THE MEMBERS. ADDITIONALLY, MEMBERS VOTE TO RATIFY AT-LARGE TRUSTEES ELECTED TO THE BOARD OF TRUSTEES BY THE BOARD OF TRUSTEES PRIOR TO THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS INITIALLY PREPARED BY THE NFCC'S PUBLIC ACCOUNTING FIRM, WITH INPUT AND REVIEW BY COUNSEL. NFCC STAFF PREPARE A DRAFT FOR THE BOARD TO REVIEW, AND AFTER THE BOARD REVIEWS IT, THE 990 IS FINALIZED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND/OR COMMITTEE MEMBERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE NATIONAL FOUNDATION FOR CREDIT COUNSELING'S BOARD OF TRUSTEES ENACTED THE FOLLOWING POLICY ON THE PROCESS OF DETERMINING COMPENSATION FOR THE NFCC'S CHIEF EXECUTIVE OFFICER; AND OTHER OFFICERS AND KEY EMPLOYEES OF THE NFCC WHOSE COMPENSATION IS REQUIRED TO BE DISCLOSED ON FORM 990. THE PROCESS INCLUDES ALL OF THE FOLLOWING ELEMENTS: 1. REVIEW AND APPROVAL: (A) COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS REVIEWED AND APPROVED BY THE NFCC'S EXECUTIVE COMMITTEE, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (B) COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES IS APPROVED BY THE CHIEF EXECUTIVE OFFICER AND OVERALL STAFF COMPENSATION IS REVIEWED ON AN ANNUAL BASIS BY THE NFCC'S BOARD OF TRUSTEES OR THE EXECUTIVE COMMITTEE. 2. USE OF DATA AS TO COMPARABLE COMPENSATION: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THE EXECUTIVE COMMITTEE RECORDS THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT IN COMMITTEE MEETING MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 NFCC DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.