BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
|Name: ||Money Mentors |
|Phone: ||(888) 294-0076 |
|Address: ||Suite 150, 1200 - 59 Ave SE |
| ||Calgary, AB T2H 2M4 |
|Website: ||www.moneymentors.ca |
|Report Creation Date: ||April 17, 2012 |
|Report Expiration Date: ||May 23, 2015 |
|Original Business Start Date: ||January 1997 |
|Principal: ||Tracy Watson, Director of Communication |
|Customer Contact: ||Tracy Watson, Director of Communication |
|Type of Business: ||Credit & Debt Counseling, Charity - Local |
|BBB Accreditation: ||This organization is a BBB Accredited Charity. |
|Credit Counselling Services of Alberta|
To educate Albertans in personal money management and the wise use of credit, and to provide alternatives for individuals and families facing financial crisis.
Charities that meet the Standards for Charity Accountability are eligible to participate in BBB Wise Giving Alliance Charity Seal program. The seal, which can be displayed on the charity's web site and in printed materials, helps inform the public that the charity meets these standards. This organization participates in this program.
Our goal is to help Albertans with overwhelming debt.
|Total Program Expenses:||$2,040,108|
|Chief Executive Officer:||Jim Thorne|
|Chair of the Board:||Gary Howitt|
|Paid Staff Size:||12 Full Time. 14 Part Time. |
|Method(s) Used:||Funds are raised by donations.|
According to Money Mentors's Audited Financial Statements for the year ended December 31, 2012:
| || Fees and Services||$863,340|
| || Interest||$18,655|
| || Contributions||$1,309|
| || Loss on disposal of equipment||$-6,425|
| ||Total Income:||$3,154,572|
|Expenses|| || ||% of total|
| ||Programs:||$2,040,108|| ||74.59%|
| ||Fund Raising:||$0|| ||0.00%|
| ||Administrative:||$694,992|| ||25.41%|
| ||Other:||$0|| ||0.00%|
| ||Total Expenses:||$2,735,100|
|Excess of Income over Expenses||$419,472|
|Ending Net Assets:||$2,685,750|
* Excess for the year indicates the portion of income remaining after expenses.
Revenue Canada Registration # 89165 2463 RR0001
Credit Counselling Services of Alberta is a registered charitable organization and is therefore authorized to issue receipts for tax reduction.
|Additional Phone Numbers|
|Tel: (403) 234-6189|
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Tips for Giving
Most charities are honest and ethical, but questionable solicitors are counting on the fact that you won't bother to check out the charity before you give. Here is some basic wise giving advice:
1. Watch out for similar names. As there are many charities raising funds for similar causes, some charity names sound the same. Be sure to look at the name carefully, because the charity soliciting you may not be the one you have in mind.
2. Do not be pressured to make an immediate gift. Be wary of solicitors that demand an "on the spot donation." Charities should welcome your gift whenever you want to send it.
3. Question vague appeals. Appeals should clearly identify the charity's programs. Watch out for appeals that are strong on identifying a problem, but weak on describing what specifically the charity intends to do about it.
4. Do not give out personal information to phone solicitors. Don't give out credit card numbers, chequing account numbers, or any other personal information to unknown telephone solicitors.
5. Do not give cash. Write out a cheque to the charity's full official name, not to an individual or third party that may be collecting the donation.
6. Keep records of your donations (receipts, cancelled cheques and bank statements) so you can document you charitable giving at tax time.
7. If you want a deduction, make sure the organization is a charity. There are many different types of soliciting nonprofit organizations. Most appeals will indicate if the organization is eligible to receive gifts deductible as charitable donations. (To be sure, review the list of organizations on file with the Canada Revenue Agency or ask the charity for a copy of its registration number.)
8. Don't hesitate to ask the charity for written information on its programs and finances. This tip can be particularly helpful in responding to phone appeals form charities that interest you.
9. To verify if a charity is registered to solicit, contact your provincial government. In most cases, this will be the office of the Public Guardian & Trustee or the Canada Revenue Agency. Remember that provincial registration does not mean "approval," it means the group has filed the appropriate forms.
10. Report bad practices. Contact you Better Business Bureau.
Report as of April 22, 2014 12:14
Copyright© 2014 Better Business Bureau
An organization may change its practices at any time without notice. Donors must decide for themselves the significance of any variation from BBB Standards, taking into account the relative importance of the practice in question in the context of the organization's total performance.
This report reflects the results of an evaluation of informational materials provided voluntarily by the organization. The report is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgement.
This report is not to be used for fund raising or promotional purposes.