American Credit Foundation
The purpose of this organization is to provide free credit counseling to the general public. Direct consultations with trained staff, program implementation and seminars have been extremely successful.
American Credit Foundation at a glance
In short: American Credit Foundation gave $22K across 1 grant in 2022 (avg $22K), mostly in Utah. Source: 2022 IRS Form 990.
- Annual giving (2022)
- $21,500
- -14.0% vs 2021
- Grants made (2022)
- 1
- +0.0% vs 2021
- Average grant
- $21,500
- -14.0% vs 2021
- Median grant
- $21,500
- Primary geography
- Utah (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990, 2022 View filing
Data from IRS Form 990, 2022; updated September 2026.
Who American Credit Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was The Church of Jesus Christ of Latte ($22K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
States
Cities
How American Credit Foundation gives
- Giving fell 46% from 2019 to 2022. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $22K (2022) to $45K (2020). In 2022 it made 1 grant totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Church of Jesus Christ of Latte Salt Lake City, UT | — | $21,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2022 | — | $1,771,052 | $2,243,033 | $21,500 | 1 | $5 |
| 2021 | $673,807 | $2,274,444 | $1,996,202 | $25,000 | 1 | $4,940 |
| 2020 | $454,143 | $2,904,287 | $2,800,344 | $45,000 | 1 | $2,615 |
| 2019 | $377,972 | $2,609,887 | $2,608,624 | $40,000 | 1 | $35 |
About American Credit Foundation
Based on IRS filings
American Credit Foundation is a public charity focused on Human Services, based in Draper, UT. IRS filing data is available from 2019 through 2022. In 2022, it awarded 1 grant totaling $22K. Net investment income was $5.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
American Credit Foundation is led by Scott Peterson, President on every filing since 2019; 2 of 6 officers listed in 2022 are compensated.
Officers on the 2022 filing
Scott Peterson
President
On filings since 2019
40 hrs/week
$54K (2020) → $43K (2022)
Curtis Jones
Director
On filings since 2019
No compensation reported
Daniel Weeks
Director
On filings since 2019
No compensation reported
Mike Carpenter
Director
On filings since 2019
No compensation reported
Richard Fowlks
Director
On filings since 2019
No compensation reported
John C. Keller
Manager
On filings since 2020
$107K (2020) → $106K (2022)
Former officers (1)
- Former: Michael Stewart (2020) — Manager
Data from IRS Form 990 filings, 2019–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $106K, to John C Keller (Manager). 2 officers or directors reported compensation on that filing.
Frequently asked questions about American Credit Foundation
How much does American Credit Foundation give each year?
American Credit Foundation gave $22K across 1 grant in 2022, according to its 2022 IRS Form 990. In 2021 it gave $25K across 1 grant.
What is American Credit Foundation?
American Credit Foundation is a public charity focused on Human Services, based in Draper, UT.
Where does American Credit Foundation operate?
American Credit Foundation has awarded grants in Utah.
What is American Credit Foundation's EIN?
American Credit Foundation's EIN (Employer Identification Number) is 87-0628487. IRS Form 990 filing data is available on this page for 2019–2022.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 8, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS January 23, 2023)
- Updated Form 990 for fiscal year 2021 (received by the IRS January 23, 2023)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 16, 2023)
- IRS filings on file for fiscal years 2020–2022
Live grants for the work American Credit Foundation funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in American Credit Foundation's focus areas in our free grants database
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Figures come from American Credit Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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