Totals
- Total revenue
- $2,776,669
- Total expenses
- $5,561,581
- Contributions and grants received
- $2,593,212
- Grants paid
- $0
- Program service revenue
- $171,978
- Investment income
- $1,326
- Other revenue
- $10,153
- Total assets, end of year
- $1,261,403
- Total liabilities, end of year
- $212,688
- Net assets or fund balances, end of year
- $1,048,715
- Program services expenses (Part IX)
- $4,404,010
- Management and general expenses
- $612,322
- Fundraising expenses
- $545,249
- Program service expenses (Part III)
- $4,404,010
Program services were 79.2% 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.
-
1f · All other contributions, gifts and grants
$2,593,212
-
1g · Noncash contributions included above
$68,124
-
2a · Program service revenue: PROGRAM SERVICE FEE
total $171,978 · related or exempt $171,978
-
3 · Investment income
total $1,326 · excluded $1,326
-
11d · All other revenue
total $10,153 · excluded $10,153
-
11e · Other revenue, total
$10,153
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $462,979 · program services $208,988 · management and general $92,596 · fundraising $161,395
-
7 · Other salaries and wages
total $2,189,257 · program services $1,759,733 · management and general $186,538 · fundraising $242,986
-
8 · Pension plan contributions
total $104,267 · program services $81,501 · management and general $9,644 · fundraising $13,122
-
9 · Other employee benefits
total $197,057 · program services $157,356 · management and general $17,175 · fundraising $22,526
-
10 · Payroll taxes
total $206,560 · program services $154,389 · management and general $21,397 · fundraising $30,774
-
11c · Fees: accounting
total $127,456 · management and general $127,456
-
11g · Fees: other
total $354,764 · program services $271,505 · management and general $47,765 · fundraising $35,494
-
12 · Advertising and promotion
total $478,353 · program services $478,293 · management and general $42 · fundraising $18
-
13 · Office expenses
total $39,854 · program services $28,688 · management and general $5,329 · fundraising $5,837
-
14 · Information technology
total $428,390 · program services $428,390
-
16 · Occupancy
total $26,035 · program services $20,252 · management and general $3,472 · fundraising $2,311
-
17 · Travel
total $34,714 · program services $23,863 · management and general $1,906 · fundraising $8,945
-
22 · Depreciation, depletion and amortization
total $342,405 · program services $342,355 · management and general $30 · fundraising $20
-
23 · Insurance
total $20,966 · program services $16,309 · management and general $2,796 · fundraising $1,861
-
24a · Other expenses: SAAS FEES
total $376,098 · program services $295,955 · management and general $64,780 · fundraising $15,363
-
24b · Other expenses: SAVER INCENTIVES
total $103,817 · program services $103,817
-
24e · All other expenses
total $68,609 · program services $32,616 · management and general $31,396 · fundraising $4,597
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,014,717 · end of year $125,482
-
2 · Savings and temporary cash investments
beginning of year $25,392 · end of year $31,672
-
3 · Pledges and grants receivable
beginning of year $2,271,951 · end of year $368,399
-
4 · Accounts receivable
beginning of year $30,334 · end of year $7,094
-
9 · Prepaid expenses and deferred charges
beginning of year $47,142 · end of year $96,414
-
10a · Land, buildings and equipment: cost or other basis
$1,545,490
-
10b · Land, buildings and equipment: accumulated depreciation
$1,062,254
-
10c · Land, buildings and equipment, net
beginning of year $490,804 · end of year $483,236
-
15 · Other assets
beginning of year $437,904 · end of year $149,106
-
17 · Accounts payable and accrued expenses
beginning of year $257,922 · end of year $211,188
-
25 · Other liabilities
beginning of year $226,695 · end of year $1,500
-
27 · Net assets without donor restrictions
beginning of year $551,614 · end of year -$381,408
-
28 · Net assets with donor restrictions
beginning of year $3,282,013 · end of year $1,430,123
Mission and programs · 2023
Mission
SAVERLIFE (FORMERLY EARN) IS A NONPROFIT ORGANIZATION THAT USES PERSONALIZED TECHNOLOGY TO IMPROVE THE FINANCIAL HEALTH OF PEOPLE LIVING ON LOW-TO-MODERATE INCOMES. USING THE DATA AND THE CONNECTIONS WE MAINTAIN WITH OUR MEMBERSHIP OF NEARLY (CONT'D ON SCHEDULE O)700,000 INDIVIDUALS, WE ELEVATE IMPORTANT EVIDENCE AND INSIGHTS TO ADVANCE POLICY AND PRACTICE IN THE FIELD OF FINANCIAL HEALTH.
Activities or mission (Part I)
SAVERLIFE IS A NATIONAL NONPROFIT AND ADVOCACY ORGANIZATION USING (CONT'D ON SCHEDULE O) TECHNOLOGY TO IMPROVE THE FINANCIAL HEALTH OF PEOPLE LIVING ON LOW-TO-MODERATE INCOMES. WE BELIEVE EVERYONE SHOULD HAVE THE SAME OPPORTUNITIES TO BUILD ECONOMIC MOBILITY AND ACHIEVE FINANCIAL WELL-BEING.
-
COMMUNITY:SAVERLIFE'S FINANCIAL TECHNOLOGY PLATFORM SERVES NEARLY 700,000 PEOPLE ACROSS THE COUNTRY WHO ARE LIVING ON LOW-TO-MODERATE INCOMES. THROUGH OUR APP, WE PROVIDE OUR MEMBERS WITH A PERSONALIZED EXPERIENCE THAT INCLUDES FINANCIAL CONTENT, SAVINGS REWARDS AND INCENTIVES, TRUSTED REFERRALS, ACCESS TO A SUPPORTIVE ONLINE COMMUNITY, AND OPPORTUNITIES TO ENGAGE IN OUR ADVOCACY AND POLICY WORK. SAVERLIFE WORKS - OUR MEMBERS DEPOSIT 15% OF THEIR INCOME INTO SAVINGS, AND 56% OF SAVERLIFE MEMBERS IMPROVE THEIR FINANCIAL HEALTH SCORE AT 6, 12, AND 18 MONTHS AFTER JOINING.
Expenses $3,378,475 · Revenue $61,560
-
RESEARCH & ADVOCACY:SAVERLIFE BRINGS OUR MEMBERS' VOICES AND PRIORITIES INTO SYSTEMS-LEVEL CONVERSATIONS TO ENSURE CURRENT AND EMERGING PRODUCTS, PROGRAMS, AND POLICIES SUPPORT THEIR UNIQUE FINANCIAL HEALTH JOURNEYS. SAVERLIFE'S FINTECH PRODUCT PROVIDES UNIQUE ACCESS TO REAL-TIME, HOUSEHOLD-LEVEL FINANCIAL TRANSACTIONS, BANK ACCOUNT DATA, AND DEMOGRAPHIC INFORMATION, GIVING INSIGHT INTO THE FINANCIAL LIVES OF OUR MEMBERS OVER TIME. AND BECAUSE WE'VE BUILT AN ENGAGED COMMUNITY OF MEMBERS ACROSS THE COUNTRY, WE CAN BRING THEIR DATA AND STORIES TOGETHER THROUGH PUBLISHED RESEARCH TO HIGHLIGHT HOW A MORE THOUGHTFUL AND INCLUSIVE FINANCIAL SYSTEM CAN HELP THEM ACHIEVE FINANCIAL WELL-BEING.
Expenses $1,025,535 · Revenue $110,418
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Nick EatonNICK EATON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Preston DoddPRESTON DODD
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Tiffany TengTIFFANY TENG
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Don BaylorDON BAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Nidhi DagaNIDHI DAGA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jake FuentesJAKE FUENTES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Samir GoelSAMIR GOEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Benjamin ManganBENJAMIN MANGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Karin MeyerKARIN MEYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ida RademacherIDA RADEMACHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Leigh PhillipsLEIGH PHILLIPS
CEO
- Total calculated
- $237,965
- From this org
- $216,000
- From related orgs
- $0
- Other
- $21,965
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $216,000
- Bonus
- $0
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $15,965
- Filer's total
- $237,965
-
Ashley SherwinASHLEY SHERWIN
COO
- Total calculated
- $225,013
- From this org
- $201,400
- From related orgs
- $0
- Other
- $23,613
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $201,400
- Bonus
- $0
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $17,613
- Filer's total
- $225,013
-
Neha GuptaNEHA GUPTA
VP, MEMBER EXPERIENCE
- Total calculated
- $187,920
- From this org
- $172,536
- From related orgs
- $0
- Other
- $15,384
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $172,536
- Bonus
- $0
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $9,384
- Filer's total
- $187,920
-
Susan LyonSUSAN LYON
DIRECTOR OF MARKETING
- Total calculated
- $161,865
- From this org
- $145,673
- From related orgs
- $0
- Other
- $16,192
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $145,673
- Bonus
- $0
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $10,192
- Filer's total
- $161,865
-
Anita SharmaANITA SHARMA
CHIEF IMPACT OFFICER
- Total calculated
- $159,692
- From this org
- $150,206
- From related orgs
- $0
- Other
- $9,486
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $118,415
- Bonus
- $31,791
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $3,486
- Filer's total
- $159,692
-
Steve HawkerSTEVE HAWKER
DIRECTOR OF PLATFORM OPERATIONS
- Total calculated
- $157,350
- From this org
- $140,400
- From related orgs
- $0
- Other
- $16,950
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $140,400
- Bonus
- $0
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $10,950
- Filer's total
- $157,350
-
Radha SeshagiriRADHA SESHAGIRI
DIRECTOR OF POLICY & SYSTEMS CHANGE
- Total calculated
- $153,108
- From this org
- $147,108
- From related orgs
- $0
- Other
- $6,000
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $147,108
- Bonus
- $0
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $0
- Filer's total
- $153,108
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 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413179349308166
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