National Foundation for Credit
The National Foundation for Credit Counseling (NFCC) is a 501(c)(3) public charity headquartered in Washington, DC. Founded in 1951, it is the oldest nonprofit financial counseling organization in the United States. The NFCC operates as a trusted network of credit counseling agencies with nearly 250 member offices staffed by 1,215 certified credit counselors serving all 50 states and U.S. territories.
Key facts about National Foundation for Credit
In short: National Foundation for Credit gave $1.5M across 38 grants in 2024 (avg $40K), top state Texas. 5% of 2024 grantees were new. Source: 2024 IRS Form 990 filing.
- EIN
- 53-0132493
- Latest 990 filing
- Form 990 filing, 2024
- Annual giving (2024)
- $1,515,876
- Grants made (2024)
- 38
- Average grant
- $39,891
- Median grant
- $27,354
- New grantees (estimate)
- 5% first-time grantees (2 of 38, 2024)
- Total assets
- $6,325,266
- Primary geography
- Texas (19% of itemized 2024 grant dollars)
Data from IRS Form 990 filing, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
$6.3M
-17.7% YoY
Annual Giving
$1.5M
-54.2% YoY
Grant Count
38
-5.0% YoY
Avg Grant Size
$40K
-51.8% YoY
Is National Foundation for Credit open to new grantees?
5%
first-time grantees, 2024
In 2024, 2 of 38 grantees (5%) were first-time recipients. First grants averaged $11K; repeat grants $41K. How we count
Medians: $11K first-time, $29K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The NFCC's mission is to help all Americans gain control of their finances and ensure better financial futures for all. The organization operates on three core principles:
- Common Good: Operating in the interest of the consumer first while promoting inclusive and comprehensive initiatives
- Comprehensive Approach: Providing proven solutions to improve financial health of individuals and families
- Accessible Solutions: Ensuring services are available and accessible to all Americans regardless of background
Primary focus areas include education, human services, and health care.
Grantmaking
According to the most recent IRS Form 990 filing (2024), the NFCC reported total giving of $1,538,301. Typical grant awards range from $5,046 to $451,068.
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Geographic Focus
Where this funder awards grants
The NFCC's grant-making focuses primarily on North Carolina, Florida, and Pennsylvania, though the organization serves all 50 states and U.S. territories through its member agency network.
Grant Distribution by State
Share of all 38 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
199 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MONEY MANAGEMENT INTERNATIONAL Stafford, TX | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $280,650 |
| INCHARGE DEBT SOLUTION Orlando, FL | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $110,189 |
| FAMILY SERVICE ASSOCIATION Sheboygan, WI | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $82,451 |
| CONSUMER CREDIT COUNSELING OF SPRINGFIELD MISSOURI INC Springfield, MO | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $71,999 |
| CONSUMER CREDIT COUNSELING SERVICE OF CENTRAL OHIO Columbus, OH | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $64,915 |
| SPRINGBOARD NONPROFIT CONSUMER CREDIT MANAGEMENT INC Riverside, CA | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $62,672 |
| CAMBRIDGE CREDIT COUNSELING CORP Agawa, MA | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $62,021 |
| CONSUMER CREDIT COUNSELING SERVICE OF DELAWARE VALLEY Philadelphia, PA | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $57,736 |
| CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER Rochester, NY | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $55,160 |
| HOUSING AND CREDIT COUNSELING INC Topeka, KS | SUPPORT FOR HOUSING, CREDIT AND OTHER FINANCIAL COUNSELING | $50,894 |
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $7.69 million
- Total Revenue: $9.66 million
- Total Expenses: $11 million
- Total Liabilities: $3.61 million
As of 2024 (most recent filing):
- Total Assets: $6,325,266
- Total Giving: $1,538,301
The organization has been tax-exempt since July 1974 (EIN: 53-0132493).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,325,266 | $7,689,049 | $9,402,187 |
| Revenue | $8,621,347 | $9,663,493 | $9,648,541 |
| Expenses | $8,989,733 | $10,982,606 | $9,984,405 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $124,486 | $-59,882 | $861 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Trustees and Key Leadership:
- Mike Croxson — Chief Executive Officer, NFCC
- Christopher Camaione-Lind — Chief Administrative Officer, CCCS of Rochester
- Genger Charles — Managing Director, Head of External Affairs and Impact Strategy, Amherst
- Jay DesMarteau — Head of Commercial Banking, Northwest Bank
- Jill Feldman — Chief Executive Officer, Navicore Solutions
- Sarah Goldfrank — Head of U.S. Personal Banking Legal, Citibank, N.A.
- Michael Grossberg — Executive Vice President, Head of Operations (Credit Card, Unsecured and Small Business), Wells Fargo
- Amy Hellen — Advisor, Capital One
- Sam Hohman — Chief Executive Officer, Credit Advisors Foundation
- Kristen Holt — President and Chief Executive Officer, GreenPath Financial Wellness
- George Janas — President, Consumer Debt Counselors
- Kavita Kamdar — Head of Strategy and Business Development for Community Banking, JP Morgan Chase & Co.
- Wesley Perkins — Managing Vice President, Head of US Card Collections & R
National Foundation for Credit is led by Michael Croxson, CEO since 2023 (on filings since 2022); 8 of 25 officers listed in 2024 are compensated.
Officers on the 2024 filing
Michael Croxson
CEO
CEO - → CEO, 2023
On filings since 2022
50 hrs/week
$101K (2022) → $509K (2024)
Debbie Bianucci
Chair
On filings since 2020
1 hr/week
No compensation reported
Jay Desmarteau
Chair
Trustee → Treasurer, 2022
Treasurer → Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Gloria Banks
Trustee
On filings since 2020
1 hr/week
No compensation reported
Kristen Holt
Trustee
Vice Chair → Trustee, 2024
On filings since 2020
1 hr/week
No compensation reported
Sarah Goldfrank
Trustee
On filings since 2020
1 hr/week
No compensation reported
Christopher Viale
Trustee
On filings since 2022
1 hr/week
No compensation reported
Eleanor Hohman
Trustee
On filings since 2022
1 hr/week
No compensation reported
Gary Vollmer
Trustee
On filings since 2022
1 hr/week
No compensation reported
Jill Feldman
Trustee
On filings since 2022
1 hr/week
No compensation reported
Christopher Camaione-Lind
Trustee
On filings since 2023
1 hr/week
No compensation reported
George Janas
Trustee
On filings since 2023
1 hr/week
No compensation reported
Michael Grossberg
Trustee
On filings since 2023
1 hr/week
No compensation reported
Amy Helen
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Kavita Kamdar
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Ellen Goury
Vice President & Finance
On filings since 2020
50 hrs/week
$157K (2020) → $179K (2024)
Hermond Palmer
Vice President, Outreach & Inclusion
Vice President & Housing → Vice President, Outreach & Inclusion, 2023
On filings since 2020
50 hrs/week
$158K (2020) → $193K (2024)
Jennifer Landis Pizi
COO
On filings since 2021
50 hrs/week
$69K (2021) → $314K (2024)
Bruce McClary
Senior Vice President, Media Relations & Membership
Senior Vice President, Membership & Communications → Senior Vice President, Media Relations & Membership, 2023
On filings since 2022
50 hrs/week
$142K (2022) → $143K (2024)
Jessica Blais
Senior Vice President & Marketing
On filings since 2023
50 hrs/week
$132K (2023) → $137K (2024)
Matthew Ribe
General Counsel
On filings since 2023
50 hrs/week
$162K (2023) → $179K (2024)
Kristin Alexander
CDO -
New on the 2024 filing
50 hrs/week
$196K (2024)
Genger Charles
Vice Chair
Trustee → Vice Chair, 2023
On filings since 2020
1 hr/week
No compensation reported
Jim Triggs
Secretary
Trustee → Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Faisal Uddin
Treasurer
Trustee → Treasurer, 2024
On filings since 2022
1 hr/week
No compensation reported
Former officers (17)
- Former: Duane Elmer (2020–2023) — Trustee
- Former: Jeffrey Faulkner (2020–2023) — CFO, Head of Fundraising & Research · Filing note: Until 52023
- Former: Scott Laughlin (2022–2023) — Trustee -
- Former: Helene Raynaud (2023) — Trustee
- Former: Matt Ribe (2020–2022) — General Counsel
- Former: Rebecca Steele (2020–2022) — CEO -
- Former: Timothy Madigan (2022) — Director, Accounting & Federal Grants
- Former: Jeff Witherspoon (2020–2021) — Trustee
- Former: Jo Ann Barefoot (2020–2021) — Trustee
- Former: Kurt Grossheim (2020–2021) — Treasurer
- Former: Mary Loftus (2020–2021) — Trustee
- Former: Mike Croxson (2020–2021) — Trustee
- Former: Pete Klipa (2020–2021) — Senior Vice President & Creditor Relations
- Former: Todd Capitao (2020–2021) — Trustee
- Former: Anna Lorch (2021) — Senior Vice President & Marketing
- Former: Cindy Seremek (2020) — Trustee
- Former: Sherrill Berk (2020) — Senior Vice President & Strategic Partnerships
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
Recent News & Activity
Recent developments and announcements
The NFCC has been active in recent initiatives including:
**FICO Score Open Access Program**: The NFCC network empowered consumers and recovered $1 billion in debt using the FICO Score Open Access Program, with increased debt relief program eligibility
NFCC Network Empowers Consumers and Recovers $1 Billion in Debt Using FICO\xAE\**US Bank Foundation Grant**: The NFCC received a $150,000 grant from the US Bank Foundation's Opportunity Fund
**Wells Fargo Partnership**: Collaboration on eviction and foreclosure prevention initiatives
**Foster Youth Empowerment**: Participation in grant programs awarding funds to credit unions across the United States to empower foster youth
Credit Unions across United States Awarded Grant Funds to Empower Foster\The organization employs 16 people and maintains an active presence through its member agency network, providing services to millions of consumers annually.
Frequently asked questions about National Foundation for Credit
How much does National Foundation for Credit give each year?
National Foundation for Credit gave $1.5M across 38 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $3.3M across 40 grants.
What is National Foundation for Credit's typical grant size?
National Foundation for Credit's median grant in 2024 was $27,354, and its average grant was $39,891, across 38 grants on its 2024 IRS Form 990 filing. Organizations receiving their first grant from National Foundation for Credit that year got $11K on average.
Where does National Foundation for Credit give grants?
National Foundation for Credit's top state is Texas, with 19% of the grant dollars itemized on its 2024 IRS Form 990 filing. The next largest states were Florida (11%) and North Carolina (8%). The most frequent recipient cities were Raleigh, NC (2 grants).
Does National Foundation for Credit give general operating support?
Not in 2024: none of the 38 grants with a stated purpose on National Foundation for Credit's 2024 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Support for Housing, Credit and Other Financial Counseling" (38 grants).
Who are National Foundation for Credit's largest grantees?
National Foundation for Credit's largest 2024 grantees include Money Management International ($280,650), Incharge Debt Solution ($110,189) and Family Service Association ($82,451), according to its 2024 IRS Form 990 filing. Together they received 31% of its itemized 2024 grant dollars.
How large is National Foundation for Credit?
National Foundation for Credit reported $6.3M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $8.6M.
What does National Foundation for Credit fund?
The NFCC's mission is to help all Americans gain control of their finances and ensure better financial futures for all. The organization operates on three core principles: • **Common Good**: Operating in the interest of the consumer first while promoting inclusive and comprehensive initiatives • **Comprehensive Approach**: Providing proven solutions to improve financial health of individuals and families • **Accessible Solutions**: Ensuring services are available and accessible to all Americans…
How do I apply for a grant from National Foundation for Credit?
According to the most recent IRS Form 990 filing (2024), the NFCC reported total giving of $1,538,301. Typical grant awards range from $5,046 to $451,068. The organization has reported conflict of interest transactions in its tax filings, which are disclosed on Schedule L as required for loans, grants, or business transactions with interested parties.
What is National Foundation for Credit's EIN?
National Foundation for Credit's EIN (Employer Identification Number) is 53-0132493. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated April 2026.
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