Better Business Bureau Report for
Christian Credit Outreach, Inc.

Better Business Bureau Report issued January 2012
Better Business Bureau Report expires January 2014


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Christian Credit Outreach, Inc.
Address: 6730 Roosevelt Avenue, Suite 401
  Franklin, OH 45005
Phone: (513) 727-4100
888-767-9155
Web Address: www.ccone.org
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Better Business Bureau Comments

Formerly known as:Christian Credit One

Year, State Incorporated: 1992, Ohio
Affiliates: None
Stated Purpose: Christian Credit Outreach Inc., (CCO) is a Non-Denominational Christian Ministry, founded by a Christian businessman reaching out to the community to help people free themselves from the financial restraints of debt. CCO will provide debt management assistance to all consumers as well as promote credit education through budgeting tools, educational workshops and credit counseling services. We have a staff of trained and Certified Credit Counselors that will create a personal debt management plan for any consumer. CCO rests its principals and morals on being Honest, Positive, Spiritual and Professional to all clients and creditors. We are committed to helping one person at a time to see the light of being debt free.

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Evaluation Conclusions

               

Christian Credit Outreach, Inc. does not meet the following 2 Standards for Charity Accountability.

Standard 13: Accuracy of Expenses in Financial Statements - Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.

Despite evidence of fundraising activities for the year ended December 31, 2010, the charity reported zero ($0) fundraising expenses in its audited financial statements.

 

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

Despite written requests, BBB was not provided with the charity's most recent annual report.

 
In addition, BBB requested but did not receive complete information on the charity's governance and oversight and finances and is unable to verify the charity's compliance with the following 3 Standards for Charity Accountability: 1, 3, and 9.
Christian Credit Outreach, Inc. meets the remaining 15 Standards for Charity Accountability.
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Programs

               

Christian Credit Outreach provides budgeting and counseling services for clients that seek assistance with their finances and debt issues. Every caller initially is asked to do a budget analysis so the charity can gather the necessary information. In addition, the counselors are trained on how to read a credit report and how to fix inaccuracies that may appear on the report. Christian Credit Outreach provides financial literacy to clients and visitors to the website.

For the fiscal year ended December 31, 2010, Christian Credit Outreach's program expenses were:

  
Debt Management and Counseling 607,209
Community Outreach Education 172,481
Total Program Expenses: $779,690
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Governance

               

Chief Executive : Mr. Greg McTaggard, President
Compensation*:
 $159,584

Chair of the Board: Mr. John White
Chair's Profession / Business Affiliation: Microbiologist, Kilbourne Medical

Board Size: 5

Paid Staff Size: 10

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

grant proposals
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Tax Status

               

This charity is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Christian Credit Outreach's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Creditor and Client Fair Share Revenue 796,401
Grant Income 23,484
Investment Income 168
Total Income $820,053


chart



Uses of Funds as a % of Total Expenses

Programs: 75%    Administrative: 25% 

Total income   $820,053
  Program expenses $779,690
  Fund raising expenses 0
  Administrative expenses 258,483
 
Total expenses   $1,038,173
Expenses in Excess of Income   (218,120)
Beginning net assets   341,652
Other Changes in Net Assets (53,089)
Ending net assets   70,443
Total liabilities   235,202
Total assets   $389,437


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