Form 990 for tax year 2023
Filed by FINANCIAL BEGINNINGS WASHINGTON.
Totals
- Total revenue
- $308,196
- Total expenses
- $306,263
- Contributions and grants received
- $150,833
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $8,516
- Other revenue
- $148,847
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $209,177
- Management and general expenses
- $39,753
- Fundraising expenses
- $57,333
- Program service expenses (Part III)
- $209,177
Program services were 68.3% 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.
-
1f · All other contributions, gifts and grants
$150,833
-
3 · Investment income
total $8,516 · excluded $8,516
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: SETTLEMENT INCOME
total $148,847 · related or exempt $148,847
-
11e · Other revenue, total
$148,847
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $87,986 · program services $53,231 · management and general $8,799 · fundraising $25,956
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $100,855 · program services $100,855
-
8 · Pension plan contributions
total $11,860 · program services $9,671 · management and general $554 · fundraising $1,635
-
9 · Other employee benefits
total $14,121 · program services $11,948 · management and general $845 · fundraising $1,328
-
10 · Payroll taxes
total $20,697 · program services $17,659 · management and general $569 · fundraising $2,469
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $7,648 · management and general $7,648
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $19,845 · fundraising $19,845
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $11,140 · management and general $11,140
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,605 · program services $2,545 · management and general $1,168 · fundraising $892
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $3,341 · program services $156 · management and general $3,185
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $637 · management and general $637
-
24a · Other expenses: PROGRAM EXPENSES
total $23,528 · program services $13,112 · management and general $5,208 · fundraising $5,208
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $322,350 · end of year $0
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $5,651
-
25 · Other liabilities
beginning of year $16,861
-
27 · Net assets without donor restrictions
beginning of year $246,664
-
28 · Net assets with donor restrictions
beginning of year $53,174
Mission and programs · 2023
Mission
FINANCIAL BEGINNINGS WASHINGTON EMPOWERS YOUTH AND ADULTS TO TAKE CONTROL OF THEIR FINANCIAL FUTURES.
-
FINANCIAL BEGINNINGS WASHINGTON INCREASES THE FINANCIAL CAPABILITY OF YOUTH AND ADULTS IN OUR STATE. DOING SO EMPOWERS THEM TO LIVE WITH LESS FINANCIAL UNCERTAINTY, AND INCREASES LIFE OPPORTUNITIES SUCH AS HOME OWNERSHIP, HIGHER EDUCATION, AND SECURE RETIREMENT. THIS IS ACCOMPLISHED THROUGH DELIVERING AGE-APPROPRIATE LESSONS FOR YOUTH IN GRADES K-12 AS WELL AS ADULTS, WORKING BOTH IN SCHOOLS AND COMMUNITY BASED ORGANIZATIONS. OUR PROGRAMS REACH ALL DEMOGRAPHICS BUT ARE DESIGNED TO EMPOWER ECONOMINCALLY VULNERABLE LEARNERS THROUGH INCLUSIVE FINANCIAL EDUCATION.
Expenses $209,177
As filed on the 2023 return.
Listed in Part VII
-
Sarah GrubbsSARAH GRUBBS
Executive Dir.
- Total calculated
- $111,397
- From this org
- $111,397
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Marc WrightMARC WRIGHT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Duncan TaylorDUNCAN TAYLOR
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Heidi SextonHEIDI SEXTON
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Amanda LangAMANDA LANG
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Ronecca NorvellRONECCA NORVELL
CEO
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · FINANCIAL LITERACY · OR
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
$305,753
Liquidation · DISTRIBUTION OF NET ASSETS TO FINANCIAL BEGINNINGS · Apr 30, 2024 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520739349300137
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