NonprofitsDebtwave Credit Counseling Inc

Human Services

Debtwave Credit Counseling Inc

ESCONDIDO, CA

Total revenue

$2.6M

Total expenses

$2.6M

Net assets

$110K

Grants received

$88K

4 grants

EIN

912156504

Tax year

2024

Mission

It is our commitment to educate on the proper use of credit through budget management, to offer sound counseling and to assist clients to reduce and eliminate debt. We educate and empower individuals and families to make sound financial decisions and develop positive personal finance habits for life.

Programs

1 program

The organization has a robust education and outreach which is built around a comprehensive personal financial education platformthat focuses on the overall financial health of its constituents, including members of the military, youth and low-moderate income families. The organization uses a macro approach toward transforming people's financial behavior in a way that encourages them to make a long-term commitment to increasing income, decreasing expenses and acquiring assets.the organization provides services across key areas: financial literacy, debt management,budgeting and credit counseling which are integrated together along with ancillary services provided by community partners in the areas of employment/workforce development and financial education/advisement. All of these services are provided to clients in a bundled fashion to reinforce one another and to forge a multi-faceted approach to overall financial fitness.

Expenses: $53KGrants: $20K

Financials

FY 2024

Revenue

Contributions & grants$545K
Program service revenue$2.1M
Investment income
Other revenue
Total revenue$2.6M

Expenses

Grants paid$20K
Salaries & benefits$1.5M
Fundraising
Other expenses$1.1M
Total expenses$2.6M
Total assets$421K
Net assets$110K

People

8 listed

NameRoleCompensation

MICHAEL MARSDEN

Executive Dir.

Board

$189K

40 hrs/wk

ANTONY MURIGU

Chairman

Board

5 hrs/wk

MICHAEL S BUTSKO

Vice President

Board

1 hrs/wk

DOUG TOKARIK

Secretary

Board

1 hrs/wk

JAMES MARSH

BOARD MEMBER

Board

1 hrs/wk

JOHN CASARIETTI

Treasurer

Board

1 hrs/wk

BRIANNA LEISSOO

BOARD MEMBER

Board

1 hrs/wk

MICHELLE HAMM

DIRECTOR OF ADMINISTRATION

Staff

$163K

40 hrs/wk

Independent contractors

ZENSIFI LLC

CONSULTING

$174K

WORTHYYCOM

ADVERTISING

$173K

Grants received

Showing 4 of 4

FromAmountPurposeYear
$18K
OUTREACH
2024

Funded by

$88K from 1 funder · 4 grants · 2020–2024

Foundation For Financial

$88K · 4 grants · 2020–2024

Details

EIN912156504
NTEE codeP51
Subsection03
Ruling date2001-12
Formed2001
Employees20
Volunteers75
DEBTWAVE CREDIT COUNSELING INC — Mission, Financials & Grants Received | Grantivo