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CITIES FOR FINANCIAL EMPOWERMENT FUND INC

EIN 46-3612187 NEW YORK, NY

Revenue 2024
$17,266,819
Expenses 2024
$14,321,298

Program services were 85.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S99
Classification
1000
Street
44 WALL ST STE 1050

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

SEE SCHEDULE OTHE CFE FUND'S MISSION IS TO LEVERAGE MUNICIPAL ENGAGEMENT TO IMPROVE THE FINANCIAL STABILITY OF HOUSEHOLDS BY EMBEDDING FINANCIAL EMPOWERMENT STRATEGIES INTO LOCAL GOVERNMENT INFRASTRUCTURE. THE CFE FUND FOCUSES PROGRAMMATIC, RESEARCH, AND POLICY EFFORTS TOWARDS DESIGNING, EMBEDDING, AND REPLICATING FINANCIAL EMPOWERMENT INITIATIVES WITHIN LOCAL GOVERNMENT.

Activities or mission (Part I)

HELP MUNICIPALITIES BUILD PROGRAMS AND STRATEGIES TO SUPPORT HOUSEHOLD FINANCIAL STABILITY.

  • FINANCIAL EMPOWERMENT CENTERSMUNICIPAL FINANCIAL EMPOWERMENT CENTERS (FECS) OFFER PROFESSIONAL, ONE-ON-ONE FINANCIAL COUNSELING AS A FREE PUBLIC SERVICE. THE MODEL, FIRST PILOTED IN NEW YORK CITY, IS NOW ACTIVE IN 39 CITIES AND COUNTIES, HELPING OVER 200,000 CLIENTS REDUCE DEBT BY MORE THAN $344 MILLION AND INCREASE SAVINGS BY OVER $69 MILLION; DOZENS OF ADDITIONAL LOCAL GOVERNMENTS ARE WORKING TO LAUNCH A LOCAL FEC INITIATIVE. EACH PARTNER HAS SEEN INCREDIBLE DEMAND FOR FEC SERVICES AND HAS QUICKLY REALIZED THE IMPORTANCE OF THIS WORK; MANY HAVE TRANSITIONED SUCCESSFULLY FROM PRIVATE INVESTMENT INTO ONGOING PUBLIC FUNDING SUSTAINABILITY. (CONTINUED ON SCHEDULE O)THE CFE FUND'S FEC ACADEMY ENTRY POINT GUIDES CITIES AND COUNTIES THROUGH EACH STEP OF PLANNING TO LAUNCH THE MODEL LOCALLY. THIS YEAR, THE CFE FUND ALSO INTRODUCED LEGACY PLANNING AS A NEW FEC SERVICE PLAN; COUNSELORS CAN NOW HELP CLIENTS PROTECT THEIR ASSETS, PLAN FOR RETIREMENT, AND ACCESS RESOURCES TO HELP THEM CREATE LEGAL DOCUMENTS LIKE WILLS. FINALLY, THE CFE FUND IS PILOTING A NEW ENHANCEMENT TO THE FEC MODEL FOCUSING ON SMALL BUSINESS AND ENTREPRENEURSHIP SERVICES.

    Expenses $8,108,471 · Grants $3,290,000

  • CITY START THE CITYSTART INITIATIVE PROVIDES STRUCTURED SUPPORT TO HELP LOCAL GOVERNMENTS IDENTIFY FINANCIAL EMPOWERMENT GOALS, CONVENE RELEVANT STAKEHOLDERS, AND DEVELOP ACTIONABLE STRATEGIES, CULMINATING IN THE CREATION OF A "WEALTH EQUITY BLUEPRINT," ROOTED IN LOCAL INSIGHTS. THIS TWO-PHASE ENGAGEMENT COMBINES CRITICAL INSIGHTS ABOUT THE IMPACT OF FINANCIAL INSTABILITY ON MUNICIPAL GOVERNMENTS WITH TANGIBLE STRATEGIES TO HELP RESIDENTS BUILD FINANCIAL STABILITY. THE CFE FUND HAS SUPPORTED 50 MUNICIPALITIES THROUGH THE CITYSTART INITIATIVE.

    Expenses $1,210,987 · Grants $600,000

  • FINANCIAL EMPOWERMENT CITIES ACROSS 150 MUNICIPALITIES AND YEARS OF WORK, THE CFE FUND'S PROGRAMMATIC EXPERIENCE HAVE SHOWN THAT FINANCIAL EMPOWERMENT EFFORTS CAN ACHIEVE SUCCESSFUL OUTCOMES IN BOTH IMPACT AND SCALE WHEN THEY ARE LED BY LOCAL GOVERNMENT. THROUGH THE FINANCIAL EMPOWERMENT CITIES (FE CITIES) INITIATIVE, THE CFE FUND SUPPORTS MUNICIPALITIES TO MORE DEEPLY INVEST IN THEIR FINANCIAL EMPOWERMENT WORK BY CREATING A DEDICATED OFFICE OF FINANCIAL EMPOWERMENT (OFE). EACH COHORT OF FE CITIES LEADERS COMPLETES A TWO-YEAR TRAINING PROGRAM, WORKING WITH THE CFE FUND TO LAUNCH AND LEAD OFES IN THEIR RESPECTIVE MUNICIPALITIES. THE CFE FUND HAS SUPPORTED 10 MUNICIPALITIES THROUGH THE FE CITIES INITIATIVE.

    Expenses $1,121,076 · Grants $480,000

  • ADDITIONAL CFE FUND PROGRAMS INCLUDE: SUPPORTING THE CFE COALITION, AN INVITATION-ONLY GROUP OF 19 CITIES ON THE CUTTING EDGE OF MUNICIPAL FINANCIAL EMPOWERMENT; LIAISING NATIONALLY WITH BANKING, REGULATORY, AND NONPROFIT ORGANIZATION PARTNERS TO ENSURE THAT EVERYONE HAS ACCESS TO SAFE, AFFORDABLE BANKING; CONNECTING LOCAL EMERGENCY MANAGEMENT LEADERSHIP WITH COMMUNITY AND GOVERNMENT FINANCIAL EMPOWERMENT RESOURCES TO ENSURE THAT EMERGENCY RESPONSE PROTOCOLS INCORPORATE PERSONAL FINANCE CONSIDERATIONS; DEVELOPING CONSUMER FINANCIAL PROTECTION CAPACITY; AND USING THE SCALE AND INFRASTRUCTURE OF MUNICIPAL YOUTH EMPLOYMENT PROGRAMS TO INTEGRATE TARGETED FINANCIAL EDUCATION AND BANKING ACCESS STRATEGIES.

    Expenses $1,843,715 · Grants $484,081 · Revenue $9,600

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JONATHAN MINTZ

    PRESIDENT AND CEO

    Total calculated
    $475,811
    From this org
    $456,946
    From related orgs
    $0
    Other
    $18,865
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $456,946
    Bonus
    $0
    Other
    $0
    Deferred
    $18,301
    Nontaxable benefits
    $564
    Filer's total
    $475,811

  • KAREN FREEMAN-WILSON

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOSE CISNEROS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CATHLEEN MAHON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NAOMI GENDLER CAMPER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LATIA CURRY HARRISON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARTIN GRUENBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEIGH PHILLIPS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMELIA ERWITT

    CHIEF OPERATING OFFICER

    Total calculated
    $311,510
    From this org
    $264,113
    From related orgs
    $0
    Other
    $47,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,113
    Bonus
    $0
    Other
    $0
    Deferred
    $13,823
    Nontaxable benefits
    $33,574
    Filer's total
    $311,510

  • LISA NICOLLE GRIST

    CHIEF RESEARCH, EVALUATION & FINANCE

    Total calculated
    $237,319
    From this org
    $213,763
    From related orgs
    $0
    Other
    $23,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,763
    Bonus
    $0
    Other
    $0
    Deferred
    $13,014
    Nontaxable benefits
    $10,542
    Filer's total
    $237,319

  • TAMARA LINDSAY

    CHIEF - STRATEGY

    Total calculated
    $219,144
    From this org
    $195,063
    From related orgs
    $0
    Other
    $24,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,063
    Bonus
    $0
    Other
    $0
    Deferred
    $11,500
    Nontaxable benefits
    $12,581
    Filer's total
    $219,144

  • KAITLIN PLAT

    CHIEF- COMMUNICATIONS & DEVELOPMENT

    Total calculated
    $191,006
    From this org
    $169,148
    From related orgs
    $0
    Other
    $21,858
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,148
    Bonus
    $0
    Other
    $0
    Deferred
    $9,822
    Nontaxable benefits
    $12,036
    Filer's total
    $191,006

  • DAVID ROTHSTEIN

    SENIOR PRINCIPAL

    Total calculated
    $186,041
    From this org
    $157,895
    From related orgs
    $0
    Other
    $28,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,895
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,146
    Filer's total
    $186,041

  • KANT DESAI

    SENIOR PRINCIPAL

    Total calculated
    $180,057
    From this org
    $139,157
    From related orgs
    $0
    Other
    $40,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,157
    Bonus
    $0
    Other
    $0
    Deferred
    $8,250
    Nontaxable benefits
    $32,650
    Filer's total
    $180,057

  • VICTORIA SELKOWE

    SENIOR PRINCIPAL

    Total calculated
    $176,484
    From this org
    $143,018
    From related orgs
    $0
    Other
    $33,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,018
    Bonus
    $0
    Other
    $0
    Deferred
    $9,000
    Nontaxable benefits
    $24,466
    Filer's total
    $176,484

  • ELISA LOPEZ

    SENIOR DIRECTOR

    Total calculated
    $142,067
    From this org
    $113,330
    From related orgs
    $0
    Other
    $28,737
    Hours/week
    40

  • AARON HIRSH

    PRINCIPAL

    Total calculated
    $123,868
    From this org
    $109,758
    From related orgs
    $0
    Other
    $14,110
    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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $17,266,819
    Expenses
    $14,321,298
    Contributions
    $16,352,511
    Grants paid
    $4,854,081
  • 2023
    Revenue
    $4,006,798
    Expenses
    $12,252,822
    Contributions
    $3,228,700
    Grants paid
    $4,114,234
  • 2022
    Revenue
    $7,628,594
    Expenses
    $10,398,984
    Contributions
    $7,183,300
    Grants paid
    $2,742,998

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $27,257,857
    Expenses
    $11,253,754
    Assets (EOY)
    $29,695,810

  • 2020 · 990

    Revenue
    $7,980,604
    Expenses
    $14,370,873
    Assets (EOY)
    $14,654,854

  • 2020 · 990

    Revenue
    $7,980,604
    Expenses
    $14,262,998
    Assets (EOY)
    $14,701,696

  • 2019 · 990

    Revenue
    $13,818,429
    Expenses
    $9,897,243
    Assets (EOY)
    $20,073,312

  • 2018 · 990

    Revenue
    $10,713,193
    Expenses
    $12,117,455
    Assets (EOY)
    $17,446,576

  • 2017 · 990

    Revenue
    $15,858,817
    Expenses
    $10,655,981
    Assets (EOY)
    $16,354,172

  • 2017 · 990

    Revenue
    $15,858,817
    Expenses
    $10,655,981
    Assets (EOY)
    $16,354,172

  • 2016 · 990

    Revenue
    $9,052,435
    Expenses
    $7,087,086
    Assets (EOY)
    $7,618,328

  • 2015 · 990

    Revenue
    $14,929,885
    Expenses
    $9,753,692
    Assets (EOY)
    $6,292,386

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2013

Tax period
1 July 2013 to 30 June 2014
Principal officer
Jonathan Mintz
Mailing address
130 William Street suite 902New York NY 10038
Website
www.cfefund.org

As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

  • ORANGE COUNTY GOVERNMENT FL

    $300,000

    2023 LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER INITIATIVE

  • EQUAL JUSTICE WORKS

    $280,000

    2024 FACILITATE A LEGAL FELLOWSHIP PROGRAM TO PROVIDE LEGAL ASSISTANCE TO FEC CLIENTS

  • CITY OF CHARLESTON SC

    $200,000

    2024 LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER (FEC) INITIATIVE

  • CITY OF PHILADELPHIA

    $185,000

    2024 LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER (FEC) INITIATIVE

  • CITY OF PUEBLO CO

    $150,000

    2022 LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER INITIATIVE

  • CITY OF DALLAS

    $150,000

    2023 INTEGRATE FINANCIAL EMPOWERMENT INTO EMERGENCY RESPONSE PLANS.

  • CITY OF GAINESVILLE

    $150,000

    2023 INCORPORATING FINANCIAL EMPOWERMENT RESOURCES INTO MUNICIPAL EMERGENCY RESPONSE PROCEDURES

  • THE CITY OF ROCHESTER

    $150,000

    2023 INCORPORATING FINANCIAL EMPOWERMENT RESOURCES INTO MUNICIPAL EMERGENCY RESPONSE PROCEDURES

  • CITY OF ST LOUIS

    $150,000

    2023 INCORPORATING FINANCIAL EMPOWERMENT RESOURCES INTO MUNICIPAL EMERGENCY RESPONSE PROCEDURES

  • CITY OF SAINT PAUL

    $150,000

    2023 INCORPORATING FINANCIAL EMPOWERMENT RESOURCES INTO MUNICIPAL EMERGENCY RESPONSE PROCEDURES

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.