Incharge Institute Of America Inc in Orlando, Florida (FL)

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Incharge Institute Of America Inc
Employer Identification Number (EIN)522196183
Name of OrganizationIncharge Institute Of America Inc
Address5750 Major Blvd Ste 320, Orlando, FL 32819-7971
SubsectionCharitable Organization
Ruling Date01/2000
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,495,693
Amount of Income$5,853,327
Form 990 Revenue Amount$5,853,254
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Financial Counseling, Money Management


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Amount of income in 2012: $5,853,327
Incharge Institute Of America Inc: 

 $5,853,327
Other organizations performing similar types of work: 

 $156,466

Assets in 2012: $2,495,693
This organization: 

 $2,495,693
Other organizations performing similar types of work: 

 $51,506

Expenses in 2002: $5,291,963
This organization: 

 $5,291,963
Other organizations performing similar types of work: 

 $3,726,790

Income to expenses ratio in 2002: 0.1
This organization: 

 0.1
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2002: 21.0%
This organization: 

 21.0%
Other organizations performing similar types of work: 

 85.1%

Number of employees in 2002: 78
This organization: 

 78
Other organizations performing similar types of work: 

 49

Employees paid over $50,000 in 2002: 33.3%
This organization: 

 33.3%
Other organizations performing similar types of work: 

 5.6%

Grants share in income in 2002: 0.0%
Incharge Institute Of America Inc: 

 0.0%
Other organizations performing similar types of work: 

 3.4%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$571,989$37,489,659$372,931
Contributions, gifts, grants, and similar amounts received$0$36,657,808$0
Contributions to donor advised funds
Direct public support$0$0$0
Indirect public support$0$36,657,808$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$0$0$50,302
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$564,379$849,493$240,287
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$-23,705$-7,287
Gross amount from sales of assets other than inventory$0$6,148,879$22,680,068
Less: cost or other basis and sales expenses$0$6,172,584$22,687,355
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$7,610$6,063$89,629
Total expenses$2,675,362$3,730,766$5,291,963
Program services$0$209,483$1,111,154
Management and general$2,675,362$3,521,283$3,080,809
Fundraising$0$0$0
Payments to affiliates$0$0$1,100,000
Net assets or fund balances at end of year$-2,095,214$31,096,112$25,313,252
Excess or (deficit) for the year$-2,103,373$33,758,893$-4,919,032
Net assets or fund balances at beginning of year$0$-2,095,214$31,096,112
Other changes in net assets or fund balances$8,159$-567,567$-863,828
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,191,963$1,111,154$3,080,809$0
Grants paid from donor advised funds
Other grants and allocations$20,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$200,236$50,059$150,177$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$635,509$165,037$470,472$0
Pension plan contributions not included above$126,716$28,750$97,966$0
Employee benefits not included above$399,170$70,881$328,289$0
Payroll taxes$341,854$97,774$244,080$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$22,536$1,159$21,377$0
Telephone$680,206$29,185$651,021$0
Postage and shipping$147,961$121$147,840$0
Occupancy$372,743$93,186$279,557$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$40$40$0$0
Travel$47,231$1,335$45,896$0
Conferences, conventions, and meetings$0$0$0$0
Interest$6,733$0$6,733$0
Depreciation, depletion, etc.$59,019$10,986$48,033$0
Other expenses not covered above$1,132,009$542,641$589,368$0
Balance Sheets
200020012002
Total assets$19,227,962$33,195,476$33,035,292
Cash - non-interest-bearing$969,082$36,346$347,488
Savings and temporary cash investments$6,426,005$7,239,084$9,103,868
Accounts receivable less allowance for doubtful accounts$4,492$104,674$154,697
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$424,334$452,817$1,311,308
Investments - publicly-traded securities
Investments - other securities$0$16,695,716$12,610,345
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$3,792,622$589,966$367,244
Land, buildings, and equipment less accumulated depreciation$7,608,037$7,648,022$8,830,330
Other assets, including program-related investments$3,390$428,851$310,012
Total liabilities$21,323,176$2,099,364$7,722,040
Accounts payable and accrued expenses$1,160,559$904,824$776,926
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$87,969$34,687$0
Other liabilities$20,074,648$1,159,853$6,945,114
Total liabilities and net assets/fund balances$19,227,962$33,195,476$33,035,292
Total net assets or fund balances$-2,095,214$31,096,112$25,313,252
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$571,989$37,489,659$372,931
Total revenue, gains, and other support per audited financial statements$571,989$37,513,364$380,218
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$-23,705$-7,287
Investment expenses$0$0$0
Other$0$-23,705$-7,287
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$2,675,362$3,730,766$5,291,963
Total expenses and losses per audited financial statements$2,675,362$3,730,766$4,191,963
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$1,100,000
Investment expenses$0$0$0
Other$0$0$1,100,000
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200678
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$54,500$233,000$85,431
Program service revenue
Program service revenue 1000000$000$0$50,302
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$240,287$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-7,287$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAdvertising and related services$54,50000$0$35,129
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
510405443100%$207,946$474,443
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$218,306$10,369$6,813
$140,977$5,565$0
$125,441$1,899$0
$115,252$5,258$2,756
$106,250$5,312$0
Total number of other employees paid over $50,00021
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
199920002001
Total$0$571,989$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$564,379$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$7,610$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$269,550
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$10,746
Income from investment of tax-exempt bond proceeds$0
Royalties$248,993
Net rental income$0
Net gain from sales of assets other than inventory$9,811
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $14,801
Less: cost or other basis and sales expenses (Securities / Other)$0 / $4,990
Gain or (loss) (Securities / Other)$0 / $9,811
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$444,204
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$444,204
Balance Sheet (for 2011)
Total assets$2,250,395
Total liabilities$1,433,555
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$1,433,555
Total net assets or fund balances$816,840
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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1Money Management International Inc14141 Southwest Fwy Ste 1000, Sugar Land, TX 77478-3494TX2003-05$114,633,039
2Consolidated Credit Counseling Service Inc5701 W Sunrise Blvd, Plantation, FL 33313-6269FL1993-09$32,614,656
3Take Charge America Inc20620 N 19th Ave, Phoenix, AZ 85027-3585AZ1991-01$26,034,153
4Consumer Credit Counseling Service Of The Midwest Inc4500 E Broad St, Columbus, OH 43213-1360OH1968-07$18,817,378
5Cambridge Credit Counseling Corp67 Hunt St Ste 305, Agawam, MA 01001-1913MA2012-12$7,110,937
6Incharge Institute Of America Inc5750 Major Blvd Ste 320, Orlando, FL 32819-7971FL2000-01$5,853,327
7The Credit Counseling Foundation Inc3350 Nw 53rd St Ste 103, Ft Lauderdale, FL 33309-6354FL2001-06$3,729,487
8Advanced Debt Management Solutions Inc6057 Tampa Palms Blvd 393, Tampa, FL 33647FL1999-09$2,167,722
9Big Solutions2300 West Sample Road, Pompano Beach, FL 33073-3080FL1997-12$520,700
10Promise Consumer Credit Services IncPO BOX 970356, Coconut Creek, FL 33097-0356FL2000-11$65,249
11Incharge Debt Solutions Inc5750 Major Blvd Ste 300, Orlando, FL 32819-7971FL1998-07$21,202,705
12Creditguard Of America Inc5300 Broken Sound Blvd Nw Ste, Boca Raton, FL 33487-3520FL1993-12$12,696,293
13Family Credit Counseling Corporation10758 Wiles Rd, Coral Springs, FL 33076-2009FL1992-09$5,844,907
14Express Consolidation Inc413 Ne 3rd St, Delray Beach, FL 33483-4526FL2001-09$5,404,393
15A New Horizon Credit Counseling Services Inc2950 W Cypress Creek Rd Ste 304, Ft Lauderdale, FL 33309-1702FL1995-12$5,378,696
16National Foundation For Credit Counseling Inc, Cccs Of Cntrl Fl & Fl Gulf Coast3670 Maguire Blvd Ste 103, Orlando, FL 32803-3012FL1974-07$4,269,009
17American Debt Counseling Inc14051 Nw 14th St, Sunrise, FL 33323-2885FL2002-04$4,227,109
18American Credit Counselors Inc23123 State Road 7, Boca Raton, FL 33428-5489FL2000-03$3,827,920
19Alma Financial Assistance Corp1701 W Hillsboro Blvd Ste 307, Deerfield Beach, FL 33442-1571FL2002-10$3,560,792
20Delray Credit Counseling Corp5300 W Atlantic Ave Ste 200, Delray Beach, FL 33484-8195FL2008-02$3,133,715
Number of organizations performing similar types of work
Alabama16
Arkansas12
Arizona26
California142
Colorado12
Connecticut6
District of Columbia14
Delaware5
Florida110
Georgia67
Hawaii2
Iowa14
Idaho5
Illinois57
Indiana12
Kansas6
Kentucky4
Louisiana20
Massachusetts20
Maryland44
Maine4
Michigan32
Minnesota19
Missouri16
Mississippi10
Montana7
North Carolina36
North Dakota1
Nebraska5
New Hampshire2
New Jersey24
New Mexico5
Nevada12
New York44
Ohio36
Oklahoma7
Oregon18
Pennsylvania26
South Carolina20
South Dakota8
Tennessee24
Texas76
Utah11
Virginia30
Washington29
Wisconsin15
West Virginia3
Wyoming5
International1
Total1,120

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