Totals
- Total revenue
- $1,855,588
- Total expenses
- $1,107,901
- Contributions and grants received
- $1,629,730
- Grants paid
- $0
- Program service revenue
- $148,020
- Investment income
- $5,145
- Other revenue
- $72,693
- Total assets, end of year
- $892,367
- Total liabilities, end of year
- $148,250
- Net assets or fund balances, end of year
- $744,117
- Program services expenses (Part IX)
- $755,127
- Management and general expenses
- $169,317
- Fundraising expenses
- $183,457
- Program service expenses (Part III)
- $755,127
Program services were 68.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$15,423
-
1e · Government grants (contributions)
$10,000
-
1f · All other contributions, gifts and grants
$1,604,307
-
2a · Program service revenue: LICENSING OF CURRICULU
total $148,020 · related or exempt $148,020
-
3 · Investment income
total $5,145 · excluded $5,145
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$15,423
-
8b · Fundraising events: direct expenses
$4,748
-
8c · Net income from fundraising events
total -$4,748 · excluded -$4,748
-
10a · Gross sales of inventory
$46,438
-
10b · Cost of goods sold
$29,337
-
10c · Net income from sales of inventory
total $17,101 · related or exempt $17,101
-
11a · Other revenue: SETTLEMENT INCOME
total $60,000 · related or exempt $60,000
-
11b · Other revenue: MISCELLANEOUS INCOME
total $340 · related or exempt $340
-
11e · Other revenue, total
$60,340
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $257,032 · program services $178,045 · management and general $27,581 · fundraising $51,406
-
7 · Other salaries and wages
total $500,088 · program services $367,935 · management and general $59,289 · fundraising $72,864
-
9 · Other employee benefits
total $60,535 · program services $44,913 · management and general $6,351 · fundraising $9,271
-
10 · Payroll taxes
total $60,221 · program services $44,271 · management and general $4,428 · fundraising $11,522
-
11c · Fees: accounting
total $40,814 · management and general $40,814
-
11e · Fees: professional fundraising services
total $3,688 · fundraising $3,688
-
11g · Fees: other
total $25,754 · program services $9,971 · management and general $8,004 · fundraising $7,779
-
12 · Advertising and promotion
total $5,171 · program services $1,753 · management and general $3,101 · fundraising $317
-
13 · Office expenses
total $37,849 · program services $13,600 · management and general $8,455 · fundraising $15,794
-
16 · Occupancy
total $25,436 · program services $14,581 · management and general $5,342 · fundraising $5,513
-
17 · Travel
total $7,047 · program services $2,636 · management and general $2,626 · fundraising $1,785
-
20 · Interest
total $100 · management and general $100
-
22 · Depreciation, depletion and amortization
total $975 · program services $705 · management and general $111 · fundraising $159
-
23 · Insurance
total $4,900 · program services $3,541 · management and general $559 · fundraising $800
-
24a · Other expenses: PROGRAM EXPENSES
total $65,301 · program services $65,301
-
24b · Other expenses: COMMUNICATIONS
total $12,990 · program services $7,875 · management and general $2,556 · fundraising $2,559
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,674 · end of year $0
-
2 · Savings and temporary cash investments
end of year $452,964
-
4 · Accounts receivable
beginning of year $24,585 · end of year $398,516
-
9 · Prepaid expenses and deferred charges
beginning of year $3,953 · end of year $3,594
-
10a · Land, buildings and equipment: cost or other basis
$1,595
-
10b · Land, buildings and equipment: accumulated depreciation
$1,595
-
10c · Land, buildings and equipment, net
beginning of year $975 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $37,293
-
17 · Accounts payable and accrued expenses
beginning of year $3,037 · end of year $109,365
-
25 · Other liabilities
beginning of year $67,720 · end of year $38,885
-
27 · Net assets without donor restrictions
beginning of year -$3,570 · end of year $397,261
-
28 · Net assets with donor restrictions
end of year $346,856
Mission and programs · 2022
Mission
FINANCIAL BEGINNINGS EMPOWERS YOUTH AND ADULTS TO TAKE CONTROL OF THEIR FINANCIAL FUTURE.
-
FINANCIAL BEGINNINGS FULFILLS ITS MISSION BY PROVIDING FINANCIAL EDUCATION AND EMPOWERMENT OPPORTUNITIES. AS A NATIONAL NONPROFIT, FINANCIAL BEGINNINGS PROVIDES PROGRAMS TO LEARNERS ACROSS THE UNITED STATES. FINANCIAL BEGINNINGS INCREASES THE FINANCIAL CAPABILITY OF YOUTH AND ADULTS, WHICH ALLOWS THEM TO LIVE WITH LESS FINANCIAL UNCERTAINTY. OUR GOALS ARE TO INCREASE KNOWLEDGE AND CONFIDENCE AROUND PERSONAL FINANCE TOPICS TO HELP PEOPLE ACHIEVE THEIR PERSONAL GOALS SUCH AS HOME OWNERSHIP, HIGHER EDUCATION, AND SECURE RETIREMENT. FINANCIAL BEGINNINGS WORKS TO:- PROMOTE FINANCIAL WELLNESS BY TEACHING AND EMPOWERING INDIVIDUALS TO IMPROVE THEIR FINANCIAL HEALTH PROACTIVELY.- ENHANCE FINANCIAL KNOWLEDGE, CONFIDENCE, AND RESILIENCY AMONG UNDERSERVED POPULATIONS.- SUPPORT INDIVIDUALS IN UNDERSTANDING, ACCESSING, AND PARTICIPATING IN FINANCIAL SERVICES.- PROVIDE AGE-APPROPRIATE FINANCIAL EDUCATION THAT MEETS OR EXCEEDS STATE-SPECIFIC STANDARDS.- CREATE COMMUNITIES THAT UNDERSTAND THE NEED FOR FINANCIAL EDUCATION, BUILDING PARTNERSHIPS THAT WORK COLLABORATIVELY TOWARDS INCREASED FINANCIAL LITERACY AND EMPOWERMENT. THESE GOALS ARE ACCOMPLISHED THROUGH FINANCIAL BEGINNINGS' MAIN PROGRAM, WHICH INCLUDES AGE-APPROPRIATE LESSONS FOR YOUTH IN GRADES K-12, AS WELL AS PROGRAMMING FOR COLLEGE STUDENTS AND ADULTS. PROGRAMS ARE PROVIDED IN PARTNERSHIP WITH SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS. FINANCIAL BEGINNINGS HAS ALSO DEVELOPED ONLINE PROGRAMMING TO COMPLEMENT IN-PERSON LESSONS.
Expenses $755,127 · Revenue $225,461
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tom SomaTOM SOMA
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Donald BielenDONALD BIELEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michael FisherMICHAEL FISHER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Bridget BanzBRIDGET BANZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jamese BeaufordJAMESE BEAUFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Holly FilesHOLLY FILES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frewine KirosFREWINE KIROS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Martha MickelsonMARTHA MICKELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff StricklerJEFF STRICKLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John StirekJOHN STIREK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John StirekJOHN STIREK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ronecca NorvellRONECCA NORVELL
CEO (PART YEAR)
- Total calculated
- $54,465
- From this org
- $49,298
- From related orgs
- $0
- Other
- $5,167
- Hours/week
- 40
-
Melody BellMELODY BELL
CEO, FOUNDER (PART YEAR)
- Total calculated
- $154,653
- From this org
- $146,553
- From related orgs
- $0
- Other
- $8,100
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,553
- Bonus
- $0
- Other
- $0
- Deferred
- $7,998
- Nontaxable benefits
- $102
- Filer's total
- $154,653
-
Timothy ChristyTIMOTHY CHRISTY
COO
- Total calculated
- $117,777
- From this org
- $105,099
- From related orgs
- $0
- Other
- $12,678
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349304838
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.