CITIES FOR FINANCIAL EMPOWERMENT FUND INC: Form 990, tax year 2022
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- Organization
- CITIES FOR FINANCIAL EMPOWERMENT FUND INC (EIN 46-3612187)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-04-25
- IRS object ID
- 202441169349300219
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-25T09:40:34-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 131655065 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUTZ AND CARR CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 551 FIFTH AVENUE SUITE 400 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10176 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463612187 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITIES FOR FINANCIAL EMPOWERMENT FUND | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CITI | BusinessNameControlTxt |
| Phone | 6463621639 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 WALL STREET - SUITE 1050 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100052443 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JONATHAN MINTZ | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 6463621639 | PhoneNum |
| Signature | 2024-04-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JONATHAN | PersonFirstNm |
| Person Last | MINTZ | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL WALLACE | PreparerPersonNm |
| PTIN | P00881958 | PTIN |
| Phone | 2126972299 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JONATHAN MINTZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 WALL STREET - SUITE 1050 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100052443 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,628,594 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CFEFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2013 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | HELP MUNICIPALITIES BUILD PROGRAMS AND STRATEGIES TO SUPPORT HOUSEHOLD FINANCIAL STABILITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 34 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $27,212,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,183,300 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $16,800 | CYProgramServiceRevenueAmt |
| PY Investment Income | $37,330 | PYInvestmentIncomeAmt |
| CY Investment Income | $420,253 | CYInvestmentIncomeAmt |
| PY Other Revenue | $8,527 | PYOtherRevenueAmt |
| CY Other Revenue | $8,241 | CYOtherRevenueAmt |
| PY Total Revenue | $27,257,857 | PYTotalRevenueAmt |
| CY Total Revenue | $7,628,594 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,869,729 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,742,998 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,173,797 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,822,554 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $639,878 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,210,228 | PYOtherExpensesAmt |
| CY Other Expenses | $3,833,432 | CYOtherExpensesAmt |
| PY Total Expenses | $11,253,754 | PYTotalExpensesAmt |
| CY Total Expenses | $10,398,984 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $16,004,103 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,770,390 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $29,695,810 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,222,487 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,978,411 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,040,466 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $24,717,399 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,182,021 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $681,758 | ExpenseAmt |
| Grant | $445,000 | GrantAmt |
| Desc | SUMMER JOBS CONNECT (SJC)THROUGH SUMMER JOBS CONNECT, THE CFE FUND AND ITS 41 MUNICIPAL GOVERNMENT PARTNERS HAVE DEVELOPED A NATIONAL MODEL FOR USING THE SCALE AND INFRASTRUCTURE OF MUNICIPAL SUMMER YOUTH EMPLOYMENT PROGRAMS TO INTEGRATE FINANCIAL EMPOWERMENT STRATEGIES AND ACHIEVE GREATER IMPACT. THE CFE FUND IS SUPPORTING MUNICIPALITIES IN DEVELOPING TARGETED FINANCIAL EDUCATION AND BANKING ACCESS STRATEGIES THAT TAKE ADVANTAGE OF THE PAYCHECK OPPORTUNITY, AND IS WELCOMING NEW COHORTS OF LOCAL GOVERNMENTS TO THIS WORK THROUGH A STRUCTURED SUMMER JOBS CONNECT ACADEMY OPPORTUNITY. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $700,340 | ExpenseAmt |
| Grant | $235,000 | GrantAmt |
| Revenue | $16,800 | RevenueAmt |
| Desc | BANK ONBANK ON PROVIDES CENTRAL SUPPORT TO 100 LOCAL COALITIONS AND LIAISES NATIONALLY WITH BANKING, REGULATORY, AND NONPROFIT ORGANIZATION PARTNERS TO ENSURE THAT EVERYONE HAS ACCESS TO SAFE, AFFORDABLE BANKING. PROGRAM ACCOMPLISHMENTS INCLUDE: THE RELEASE OF THE FIRST-EVER BANK ON NATIONAL ACCOUNT STANDARDS, AND THE ACCOMPANYING MOVEMENT OF THE MARKET TO MEET THE STANDARDS; THE CREATION OF AN INFRASTRUCTURE TO EVALUATE AND VALIDATE ACCOUNTS THAT MEET THE STANDARDS; THE CREATION OF A PLATFORM TO FACILITATE AND AGGREGATE FINANCIAL INSTITUTION REPORTING OF DATA ABOUT BANK ON ACCOUNTS; A RANGE OF GRANT SUPPORT TO ASSIST LOCAL COALITIONS IN BUILDING THEIR CAPACITY AND EXPANDING BANKING ACCESS, INCLUDING THROUGH THE DEVELOPMENT OF REPLICABLE, LARGE-SCALE PROGRAMS THAT CONNECT UNDERSERVED POPULATIONS TO CERTIFIED ACCOUNTS; THE ESTABLISHMENT OF THE BANK ON FELLOWSHIP TO DEMONSTRATE WHAT FULL-TIME COALITION LEADERSHIP CAN ACCOMPLISH; AND ADDITIONAL TECHNICAL ASSISTANCE EFFORTS AIMED AT HELPING FINANCIAL INSTITUTIONS AND MUNICIPAL LEADERS UPGRADE AND REINVIGORATE LOCAL BANK ON PROGRAMS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,913,661 | ExpenseAmt |
| Grant | $979,281 | GrantAmt |
| Desc | FINANCIAL EMPOWERMENT CENTER (FEC) REPLICATIONMUNICIPAL 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 31 CITIES AND COUNTIES, HELPING OVER 150,000 CLIENTS REDUCE DEBT BY OVER $225 MILLION AND INCREASE SAVINGS BY OVER $45 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. THE CFE FUND LAUNCHED FEC ACADEMY, AN EXPANDED ENTRY POINT TO GUIDE CITIES AND COUNTIES THROUGH EACH STEP OF PLANNING TO LAUNCH THE MODEL LOCALLY. FINALLY, THE CFE FUND IS PILOTING NEW ENHANCEMENTS TO THE FEC MODEL RANGING FROM CONNECTIONS TO SMALL BUSINESS/ENTREPRENEURSHIP SERVICES TO ESTATE PLANNING. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,406,067 | ExpenseAmt |
| Grant | $1,083,717 | GrantAmt |
| Desc | ADDITIONAL CFE FUND PROGRAMS INCLUDE: SUPPORTING THE CFE COALITION, AN INVITATION-ONLY GROUP OF 20 CITIES ON THE CUTTING EDGE OF MUNICIPAL FINANCIAL EMPOWERMENT; DEVELOPING CONSUMER FINANCIAL PROTECTION CAPACITY AND OFFICES OF FINANCIAL EMPOWERMENT WITHIN LOCAL GOVERNMENT; AND PROVIDING INTENSIVE TECHNICAL ASSISTANCE TO HELP CITIES AND OTHER GOVERNMENT LEADERS EMBED FINANCIAL EMPOWERMENT STRATEGIES INTO PROGRAMS AND INFRASTRUCTURE, FOCUSING ON THE NEEDS OF BLACK RESIDENTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $4,406,067 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $1,083,717 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $8,701,826 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 16 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 34 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LISA NICOLLE GRIST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6463621639 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 WALL STREET SUITE 1050 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JONATHAN MINTZ | ||||||||
| PRESIDENT AND CEO | 40.00 | Yes (X) | Yes (X) | $384,554 | $0 | $16,431 | ||
| MICHAEL DUBIN | ||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CATHLEEN MAHON | ||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| NAOMI GENDLER CAMPER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSE CISNEROS | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LATIA CURRY | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KAREN FREEMAN-WILSON | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LEIGH PHILLIPS | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LISA NICOLLE GRIST | ||||||||
| CHIEF RESEARCH, EVALUATION & FINANCE | 40.00 | Yes (X) | $169,264 | $0 | $16,931 | |||
| AMELIA ERWITT | ||||||||
| MANAGING DIRECTOR | 40.00 | $220,180 | $0 | $33,145 | Yes (X) | |||
| TAMARA LINDSAY | ||||||||
| CHIEF OF STRATEGY | 40.00 | $163,247 | $0 | $16,866 | Yes (X) | |||
| I-HSING SUN | ||||||||
| CHIEF PROGRAM OFFICER | 40.00 | $160,497 | $0 | $23,843 | Yes (X) | |||
| DAVID ROTHSTEIN | ||||||||
| SENIOR PRINCIPAL | 40.00 | $141,855 | $0 | $20,948 | Yes (X) | |||
| KAITLIN PLAT | ||||||||
| SENIOR PRINCIPAL | 40.00 | $145,898 | $0 | $15,553 | Yes (X) | |||
| FERNANDA VILLASENOR | ||||||||
| PRINCIPAL | 40.00 | $108,104 | $0 | $13,705 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,493,599 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $157,422 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ALLEGIANCE GROUP | |||||
| 3064 49TH STREET SOUTH | FARGO | ND | 58104 | DIGITAL AD CAMPAIGNS, WEBSITE DESIGN | $253,043 |
| URBAN INSTITUTE | |||||
| 500 LENFANT PLAZA SW | WASHINGTON | DC | 20024 | PROGRAM EVALUATION | $196,053 |
| SOLIANT CONSULTING INC | |||||
| 14 N PEORIA STE 2H | CHICAGO | IL | 60607 | DATABASE AND WEBSITE DESIGN AND MAINTENA | $175,095 |
| HILL KNOWLTON STRATEGIES | |||||
| 3 COLUMBUS CIRCLE | NEW YORK | NY | 10019 | GRAPHIC DESIGN, MEDIA PITCHING ASSISTANC | $123,149 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $7,183,300 | AllOtherContributionsAmt |
| Total Contributions | $7,183,300 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| REGISTRATION FEES | 900099 | $12,300 | $12,300 |
| CONSULTING INCOME | 541610 | $4,500 | $4,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $16,800 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $420,253 | TotalRevenueColumnAmt |
| Exclusion | $420,253 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $8,241 | TotalRevenueColumnAmt |
| Exclusion | $8,241 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $8,241 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,628,594 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16,800 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $428,494 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,742,998 | TotalAmt |
| Program Services | $2,742,998 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,080,301 | TotalAmt |
| Program Services | $569,457 | ProgramServicesAmt |
| Management And General | $273,523 | ManagementAndGeneralAmt |
| Fundraising | $237,321 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,109,342 | TotalAmt |
| Program Services | $1,653,094 | ProgramServicesAmt |
| Management And General | $225,013 | ManagementAndGeneralAmt |
| Fundraising | $231,235 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,322 | TotalAmt |
| Program Services | $73,675 | ProgramServicesAmt |
| Management And General | $8,933 | ManagementAndGeneralAmt |
| Fundraising | $10,714 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $302,847 | TotalAmt |
| Program Services | $216,019 | ProgramServicesAmt |
| Management And General | $41,645 | ManagementAndGeneralAmt |
| Fundraising | $45,183 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,742 | TotalAmt |
| Program Services | $165,863 | ProgramServicesAmt |
| Management And General | $36,254 | ManagementAndGeneralAmt |
| Fundraising | $34,625 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $442 | TotalAmt |
| Program Services | $190 | ProgramServicesAmt |
| Management And General | $252 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,522 | TotalAmt |
| Management And General | $135,522 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $217,790 | TotalAmt |
| Program Services | $57,520 | ProgramServicesAmt |
| Management And General | $160,222 | ManagementAndGeneralAmt |
| Fundraising | $48 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $183,686 | TotalAmt |
| Program Services | $180,154 | ProgramServicesAmt |
| Management And General | $1,466 | ManagementAndGeneralAmt |
| Fundraising | $2,066 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,033 | TotalAmt |
| Program Services | $93,598 | ProgramServicesAmt |
| Management And General | $7,616 | ManagementAndGeneralAmt |
| Fundraising | $6,819 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $339,667 | TotalAmt |
| Program Services | $314,363 | ProgramServicesAmt |
| Management And General | $22,397 | ManagementAndGeneralAmt |
| Fundraising | $2,907 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $351,960 | TotalAmt |
| Program Services | $247,749 | ProgramServicesAmt |
| Management And General | $53,139 | ManagementAndGeneralAmt |
| Fundraising | $51,072 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,034 | TotalAmt |
| Program Services | $246,949 | ProgramServicesAmt |
| Management And General | $20,023 | ManagementAndGeneralAmt |
| Fundraising | $5,062 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,180 | TotalAmt |
| Program Services | $39,545 | ProgramServicesAmt |
| Management And General | $7,649 | ManagementAndGeneralAmt |
| Fundraising | $7,986 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SITE VISITS AND CONVENI | $725,023 | $715,116 | $8,703 | $1,204 |
| OTHER PROGRAM EXPENSES | $720,840 | $720,840 | ||
| RESEARCH AND EVALUATION | $634,169 | $634,169 | ||
| PAYROLL PROCESSING FEES | $49,009 | $49,009 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,077 | TotalAmt |
| Program Services | $30,527 | ProgramServicesAmt |
| Management And General | $5,914 | ManagementAndGeneralAmt |
| Fundraising | $3,636 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,398,984 | TotalAmt |
| Program Services | $8,701,826 | ProgramServicesAmt |
| Management And General | $1,057,280 | ManagementAndGeneralAmt |
| Fundraising | $639,878 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $367,219 | BOYAmt |
| EOY | $332,732 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,082,712 | BOYAmt |
| EOY | $15,517,005 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,433,000 | BOYAmt |
| EOY | $8,382,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,180 | BOYAmt |
| EOY | $62,469 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,728,457 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,303,761 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $575,022 | BOYAmt |
| EOY | $424,696 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $163,677 | BOYAmt |
| EOY | $2,503,585 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,695,810 | BOYAmt |
| EOY | $27,222,487 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $401,846 | BOYAmt |
| EOY | $884,348 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,363,964 | BOYAmt |
| EOY | $1,746,112 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,601 | BOYAmt |
| EOY | $2,410,006 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,978,411 | BOYAmt |
| EOY | $5,040,466 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,727,548 | BOYAmt |
| EOY | $3,875,381 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,989,851 | BOYAmt |
| EOY | $18,306,640 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,717,399 | BOYAmt |
| EOY | $22,182,021 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,695,810 | BOYAmt |
| EOY | $27,222,487 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$2,770,390 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $235,012 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,568,500 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,681,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,922,989 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,212,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,183,300 | CurrentTaxYearAmt |
| Total | $66,567,789 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,568,500 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,681,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,922,989 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,212,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,183,300 | CurrentTaxYearAmt |
| Total | $66,567,789 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $52,641,310 | SubstantialContributorsTotAmt |
| Public Support Total170 | $13,926,479 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $128,289 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $131,299 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $56,455 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $37,330 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $420,253 | CurrentTaxYearAmt |
| Total | $773,626 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,404 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,130 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,160 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,527 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,241 | CurrentTaxYearAmt |
| Total | $40,462 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $67,381,877 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $16,800 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.20670 | PublicSupportCY170Pct |
| Public Support PY170 | 0.20740 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCES TEST: | FormAndLineReferenceDesc |
| Explanation | THE CFE FUND WAS ESTABLISHED TO HELP LOCAL GOVERNMENTS BUILD PROGRAMS AND STRATEGIES TO SUPPORT HOUSEHOLD FINANCIAL STABILITY. THE CFE FUND QUALIFIES AS A PUBLICLY SUPPORTED CHARITY DESCRIBED IN INTERNAL REVENUE CODE SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) BECAUSE IT MEETS THE 10% FACTS AND CIRCUMSTANCES TEST SET FORTH IN TREASURY REGULATION SECTION 1.170A-9(F)(3) FOR THE 2022 TAX YEAR. THE CFE FUND HAS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC AND COMMUNITY. THE CFE FUND BUILDS RELATIONSHIPS WITH A WIDE RANGE OF FOUNDATIONS, CORPORATIONS, AND NON-PROFIT ORGANIZATIONS INTERESTED IN IMPROVING THE FINANCIAL STABILITY OF HOUSEHOLDS AND COMMUNITIES WITH LOW- AND MODERATE-INCOMES. THESE ENTITIES OFTEN INVITE THE CFE FUND TO APPLY FOR FUNDS, AND THE CFE FUND ALSO SUBMITS UNSOLICITED PROPOSALS TO SIMILAR ENTITIES. THE CFE FUND'S 76 DIFFERENT SOURCES OF SUPPORT INCLUDE NATIONAL, REGIONAL, AND FAMILY FOUNDATIONS, FINANCIAL INSTITUTIONS INVOLVED IN CONSUMER BANKING AND INSURANCE, AND NON-PROFIT ORGANIZATIONS SUCH AS LIVING CITIES (THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE). IN ITS FIRST FIVE YEARS OF OPERATION AS A 501(C)3 ORGANIZATION, PUBLIC SUPPORT EQUALED FROM 47.94% TO 34.67% OF THE TOTAL SUPPORT RECEIVED BY THE CFE FUND. FOR THE 2022 TAXABLE YEAR, THE CFE FUND HAS A PUBLIC SUPPORT PERCENTAGE OF 20.67%. THE CFE FUND IS GOVERNED BY A BOARD OF DIRECTORS THAT INCLUDES ELECTED OFFICIALS AND OTHER INDIVIDUALS WHO ARE PROMINENT MEMBERS OF THE FINANCIAL EMPOWERMENT COMMUNITY AND HAVE SPECIAL KNOWLEDGE OF AND SIGNIFICANT EXPERTISE IN FINANCIAL EMPOWERMENT AND LOCAL GOVERNMENT STRATEGIES AND OPERATIONS. THE CFE FUND'S ENTIRE AND CONTINUOUS OPERATIONS ARE DEDICATED TO BUILDING AND ENHANCING SERVICES THAT BENEFIT THE GENERAL PUBLIC. ITS SUMMER JOBS CONNECT PROGRAM HAS CONNECTED 1 MILLION YOUNG PEOPLE IN 41 CITIES TO FINANCIAL EDUCATION, SUPPORTING THEIR CAREER AND PERSONAL DEVELOPMENT. ITS BANK ON INITIATIVE HAS INSPIRED OVER 440 FINANCIAL INSTITUTIONS TO OFFER SAFE AND AFFORDABLE TRANSACTION ACCOUNTS THAT HAVE REACHED OVER 15 MILLION PEOPLE, PROTECTING THEM FROM OVERDRAFT FEES AND GIVING THEM A FOUNDATION FOR FUTURE ASSET BUILDING. ITS FINANCIAL EMPOWERMENT CENTER INITIATIVE HAS PROVIDED FREE PROFESSIONAL FINANCIAL COUNSELING TO OVER 158,000 PEOPLE, HELPING THEM SAVE OVER $49 MILLION AND REDUCE DEBT BY OVER $243 MILLION. DURING THE HEIGHT OF THE ECONOMIC DISRUPTION CAUSED BY THE COVID-19 PANDEMIC, ITS FINANCIAL NAVIGATORS PROGRAM CONNECTED PEOPLE TO OVER 190,000 RESOURCES THROUGH OVER 24,000 PHONE CALLS IN 31 CITIES. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $171,143 | OtherCostOrOtherBasisAmt |
| Depreciation | $59,899 | DepreciationAmt |
| Book Value | $111,244 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $111,878 | OtherCostOrOtherBasisAmt |
| Depreciation | $52,589 | DepreciationAmt |
| Book Value | $59,289 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,445,436 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,191,273 | DepreciationAmt |
| Book Value | $254,163 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $424,696 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SECURITY DEPOSIT | $313,885 |
| SUBGRANT CANCELLATIONS RECEIVABLE | $3,470 |
| OPERATING LEASE RIGHT-OF-USE ASSET | $2,186,230 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,503,585 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITY | Desc |
| Amt | $2,410,006 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,410,006 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $8,215,186 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $285,861 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $300,731 | RecoveriesPriorYearGrantsAmt |
| Revenue Not Reported | $586,592 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,628,594 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,628,594 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $10,750,564 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $285,861 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $65,719 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $351,580 | ExpensesNotReportedAmt |
| Expenses Subtotal | $10,398,984 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $10,398,984 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART XII, LINE 2D - OTHER ADJUSTMENTS: | FormAndLineReferenceDesc |
| Explanation | GRANTS REISSUED FROM RETURN OF RESTRICTED GRANT FUNDING 65,719. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (51 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|---|---|
| CITY OF DETROIT | |||||||||
| 2 WOODWARD AVENUE SUITE 1126 | DETROIT | MI | 48226 | 386004606 | $10,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | ||
| CITY OF CHARLESTON SC | |||||||||
| 75 CALHOUN STREET SUITE 3700 | CHARLESTON | SC | 29403 | 576000226 | $25,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | ||
| URBAN ECONOMIC DEVELOPMENT ASSOCIATION OF WISCONSIN(UEDA) | |||||||||
| 1915 NORTH DR MARTIN LUTHER KING | MILWAUKEE | WI | 53212 | 391893799 | $25,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | DRIVE 260 | 501(C)3 |
| UNITED WAY OF GREATER ST LOUIS | |||||||||
| 910 NORTH ELEVENTH STREET | SAINT LOUIS | MO | 63101 | 430714167 | $25,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | 501(C)3 | |
| UNITED WAY OF SUNCOAST | |||||||||
| 5201 WEST KENNEDY BOULDEVARD SUITE | TAMPA | FL | 33609 | 593725701 | $25,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | 600 | 501(C)3 |
| NEIGHBORHOOD ALLIES | |||||||||
| 429 FOURTH AVENUE SUITE 1900 | PITTSBURGH | PA | 15219 | 251578436 | $25,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | 501(C)3 | |
| LOUISVILLE METRO GOVERNMENT | |||||||||
| OFFICE OF RESILIENCE AND COMMUNITY | LOUISVILLE | KY | 40203 | 320049006 | $25,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | SERVICES 701 WEST ORMSBY AVENUE SUI | |
| CHES INC | |||||||||
| 3125 GILLHAM PLAZA | KANSAS CITY | MO | 64109 | 273693233 | $25,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | 501(C)3 | |
| UNITED WAY OF THE GREATER LEHIGH VALLEY | |||||||||
| 1110 AMERICAN PARKWAY | ALLENTOWN | PA | 18109 | 232657933 | $25,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | 501(C)3 | |
| COVENANT COMMUNITY CAPITAL | |||||||||
| 3300 LYONS AVENUE SUITE 203 | HOUSTON | TX | 77020 | 760573676 | $20,000 | $0 | EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION | 501(C)3 | |
| BALTIMORE CITY FOUNDATION | |||||||||
| 1 NORTH CHARLES STREET SUITE 1600 | BALTIMORE | MD | 21201 | 521212473 | $75,000 | $0 | CONVENING STAKEHOLDERS AND CREATING A MUNICIPAL FINANCIAL EMPOWERMENT BLUEPRINT | 501(C)3 | |
| CITY OF CLEVELAND | |||||||||
| 601 LAKESIDE AVENUE ROOM 227 | CLEVELAND | OH | 44114 | 346000646 | $75,000 | $0 | CONVENING STAKEHOLDERS AND CREATING A MUNICIPAL FINANCIAL EMPOWERMENT BLUEPRINT | ||
| CITY OF MONROE LA | |||||||||
| 400 LEA JOYNER EXPRESSWAY | MONROE | LA | 71201 | 726000903 | $75,000 | $0 | CONVENING STAKEHOLDERS AND CREATING A MUNICIPAL FINANCIAL EMPOWERMENT BLUEPRINT | ||
| COMMUNITY FOUNDATION OF NEW JERSEY | |||||||||
| 35 KNOX HILL ROAD | MORRISTOWN | NJ | 07960 | 222281783 | $75,000 | $0 | CONVENING STAKEHOLDERS AND CREATING A MUNICIPAL FINANCIAL EMPOWERMENT BLUEPRINT | 501(C)3 | |
| CITY OF NORFOLK VA | |||||||||
| 501A BOUSH STREET | NORFOLK | VA | 23510 | 546001455 | $75,000 | $0 | CONVENING STAKEHOLDERS AND CREATING A MUNICIPAL FINANCIAL EMPOWERMENT BLUEPRINT | ||
| CITY OF ROCKY MOUNT NC | |||||||||
| 331 S FRANKLIN ST | ROCKY MOUNT | NC | 27804 | 566001323 | $75,000 | $0 | CONVENING STAKEHOLDERS AND CREATING A MUNICIPAL FINANCIAL EMPOWERMENT BLUEPRINT | ||
| THE CITY OF SACRAMENTO | |||||||||
| 915 I STREET | SACRAMENTO | CA | 95814 | 946000410 | $75,000 | $0 | CONVENING STAKEHOLDERS AND CREATING A MUNICIPAL FINANCIAL EMPOWERMENT BLUEPRINT | ||
| LEON COUNTY GOVERNMENT FL | |||||||||
| 615 EAST PAUL RUSSELL ROAD | TALLAHASSEE | FL | 32301 | 596000708 | $75,000 | $0 | CONVENING STAKEHOLDERS AND CREATING A MUNICIPAL FINANCIAL EMPOWERMENT BLUEPRINT | ||
| CITY OF JACKSON TN | |||||||||
| 121 EAST MAIN STREET SUITE 203 | JACKSON | TN | 38301 | 626000316 | $100,000 | $0 | LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER INITIATIVE | ||
| LOUISVILLE METRO GOVERNMENT | |||||||||
| 701 WEST ORMSBY AVENUE SUITE 201 | LOUISVILLE | KY | 40203 | 320049006 | $100,000 | $0 | LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER INITIATIVE | ||
| WASHTENAW COUNTY | |||||||||
| 200 NORTH MAIN STREET SUITE 300 | ANN ARBOR | MI | 48104 | 386004894 | $50,000 | $0 | LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER INITIATIVE | ||
| CITY OF PUEBLO CO | |||||||||
| PO BOX 1427 | PUEBLO | CO | 81002 | 846000615 | $150,000 | $0 | LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER INITIATIVE | ||
| BALTIMORE CITY FOUNDATION | |||||||||
| 1 NORTH CHARLES STREET SUITE 1600 | BALTIMORE | MD | 21201 | 521212473 | $100,000 | $0 | LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER INITIATIVE | 501(C)3 | |
| CITY OF TULSA | |||||||||
| 175 EAST SECOND STREET SUITE 1570 | TULSA | OK | 74103 | 736005470 | $100,000 | $0 | LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER INITIATIVE | ||
| CITY OF GAITHERSBURG | |||||||||
| 31 SOUTH SUMMIT AVENUE | GAITHERSBURG | MD | 20877 | 526000792 | $100,000 | $0 | LAUNCHING A LOCAL FINANCIAL EMPOWERMENT CENTER INITIATIVE | ||
| CITY OF AURORA | |||||||||
| 44 EAST DOWNER PLACE | AURORA | IL | 60507 | 366005778 | $10,000 | $0 | STUDYING THE INTEGRATION OF FEC SERVICES INTO WORKFORCE DEVELOPMENT PROGRAMS | ||
| CITY OF TULSA | |||||||||
| 175 EAST SECOND STREET SUITE 1570 | TULSA | OK | 74103 | 736005470 | $10,000 | $0 | STUDYING THE INTEGRATION OF FEC SERVICES INTO WORKFORCE DEVELOPMENT PROGRAMS | ||
| GREENVILLE COUNTY | |||||||||
| 301 UNIVERSITY RIDGE | GREENVILLE | SC | 29601 | 576000356 | $65,000 | $0 | STUDYING THE INTEGRATION OF FEC SERVICES INTO WORKFORCE DEVELOPMENT PROGRAMS | ||
| QUAD COUNTY URBAN LEAGUE | |||||||||
| 1685 NORTH FARNSWORTH AVE | AURORA | IL | 60505 | 362882693 | $50,000 | $0 | STUDYING THE INTEGRATION OF FEC SERVICES INTO WORKFORCE DEVELOPMENT PROGRAMS | 501(C)3 | |
| GREENVILLE COUNTY WORKFORCE DEVELOPMENT BOARD | |||||||||
| 225 S PLEASANTBURG DRIVE SUITE C11 | GREENVILLE | SC | 29607 | 576000356 | $25,000 | $0 | STUDYING THE INTEGRATION OF FEC SERVICES INTO WORKFORCE DEVELOPMENT PROGRAMS | ||
| UPSTATE WORKFORCE BOARD | |||||||||
| PO BOX 5666 | SPARTANBURG | SC | 29304 | 576000401 | $25,000 | $0 | STUDYING THE INTEGRATION OF FEC SERVICES INTO WORKFORCE DEVELOPMENT PROGRAMS | ||
| MADISON STRATEGIES GROUP | |||||||||
| 907 SOUTH DETROIT AVENUE 210 | TULSA | OK | 74120 | 272323749 | $50,000 | $0 | STUDYING THE INTEGRATION OF FEC SERVICES INTO WORKFORCE DEVELOPMENT PROGRAMS | 501(C)3 | |
| GOODWILL INDUSTRIES OF TULSA | |||||||||
| 2800 SOUTHWEST BOULEVARD | TULSA | OK | 74107 | 730614297 | $50,000 | $0 | STUDYING THE INTEGRATION OF FEC SERVICES INTO WORKFORCE DEVELOPMENT PROGRAMS | 501(C)3 | |
| CITY OF CHARLOTTE NC | |||||||||
| 600 EAST TRADE STREET | CHARLOTTE | NC | 28202 | 521333483 | $40,000 | $0 | ASSISTING RESIDENTS WITH CRITICAL FINANCIAL ISSUES RESULTING FROM COVID-19 ECONOMIC DISRUPTION | ||
| CITY OF ALBUQUERQUE | |||||||||
| 1 CIVIC PLAZA NW ROOM 1080B PO BOX | ALBUQUERQUE | NM | 87102 | 856000102 | $100,000 | $0 | SUPPORTING A FULL-TIME LEADER TO PLAN A MUNICIPAL OFFICE OF FINANCIAL EMPOWERMENT | 17 | |
| CITY OF DALLAS | |||||||||
| 1500 MARILLA STREET 6BN | DALLAS | TX | 75201 | 756000508 | $100,000 | $0 | SUPPORTING A FULL-TIME LEADER TO PLAN A MUNICIPAL OFFICE OF FINANCIAL EMPOWERMENT | ||
| CITY OF GAITHERSBURG | |||||||||
| 31 SOUTH SUMMIT AVENUE | GAITHERSBURG | MD | 20877 | 526000792 | $100,000 | $0 | SUPPORTING A FULL-TIME LEADER TO PLAN A MUNICIPAL OFFICE OF FINANCIAL EMPOWERMENT | ||
| THE CITY OF SACRAMENTO | |||||||||
| 915 I STREET | SACRAMENTO | CA | 95814 | 946000410 | $100,000 | $0 | SUPPORTING A FULL-TIME LEADER TO PLAN A MUNICIPAL OFFICE OF FINANCIAL EMPOWERMENT | ||
| CITY OF SHREVEPORT | |||||||||
| PO BOX 31109 | SHREVEPORT | LA | 71130 | 726001326 | $100,000 | $0 | SUPPORTING A FULL-TIME LEADER TO PLAN A MUNICIPAL OFFICE OF FINANCIAL EMPOWERMENT | ||
| DETROIT EMPLOYMENT SOLUTION CORPORATION | |||||||||
| 440 EAST CONGRESS SUITE 400 | DETROIT | MI | 48226 | 383353746 | $19,000 | $0 | INTEGRATING BANKING ACCESS AND FINANCIAL EMPOWERMENT INTO YOUTH EMPLOYMENT PROGRAMS | 501(C)3 | |
| DETROIT EMPLOYMENT SOLUTION CORPORATION | |||||||||
| 440 EAST CONGRESS SUITE 400 | DETROIT | MI | 48226 | 383353746 | $63,000 | $0 | INTEGRATING BANKING ACCESS AND FINANCIAL EMPOWERMENT INTO YOUTH EMPLOYMENT PROGRAMS | 501(C)3 | |
| CONNECT DETROIT | |||||||||
| 613 ABBOTT STREET SUITE 310 | DETROIT | MI | 48226 | 383570727 | $53,000 | $0 | INTEGRATING BANKING ACCESS AND FINANCIAL EMPOWERMENT INTO YOUTH EMPLOYMENT PROGRAMS | 501(C)3 | |
| ECONOMIC AWARENESS COUNCIL | |||||||||
| 703 SOUTH STOUGH STREET | HINSDALE | IL | 60521 | 300158613 | $130,000 | $0 | IDENTIFYING AND IMPLEMENTING STRATEGIES TO CONNECT AT-RISK YOUTH TO BANKING | 501(C)3 | |
| CITY OF SAINT PAUL - DEPARTMENT OF PARKS AND RECREATION | |||||||||
| 25 WEST FOURTH STREET 400 CHA | SAINT PAUL | MN | 55106 | 416005521 | $50,000 | $0 | IDENTIFYING AND IMPLEMENTING STRATEGIES TO CONNECT AT-RISK YOUTH TO BANKING | ||
| GOODWILL INDUSTRIES OF NORTH FLORIDA | |||||||||
| 4527 LENOX AVENUE | JACKSONVILLE | FL | 32205 | 590637858 | $70,000 | $0 | IDENTIFYING AND IMPLEMENTING STRATEGIES TO CONNECT AT-RISK YOUTH TO BANKING | 501(C)3 | |
| CITY OF MIAMI | |||||||||
| 444 SOUTHWEST SECOND AVENUE 5TH | MIAMI | FL | 33130 | 596000375 | $10,000 | $0 | IDENTIFYING AND IMPLEMENTING STRATEGIES TO CONNECT AT-RISK YOUTH TO BANKING | FLOOR | |
| MAYOR'S FUND TO ADVANCE NEW YORK CITY | |||||||||
| 253 BROADWAY 6TH FLOOR | NEW YORK | NY | 10007 | 133783906 | $20,000 | $0 | IDENTIFYING AND IMPLEMENTING STRATEGIES TO CONNECT AT-RISK YOUTH TO BANKING | 501(C)3 | |
| CITY OF SAN JOSE | |||||||||
| 5730 CHAMBERTIN DRIVE | SAN JOSE | CA | 95118 | 453156415 | $10,000 | $0 | IDENTIFYING AND IMPLEMENTING STRATEGIES TO CONNECT AT-RISK YOUTH TO BANKING | ||
| CITY OF MADISON | |||||||||
| CITY OF MADISON TREASURER | MADISON | WI | 53701 | 396005507 | $10,000 | $0 | IDENTIFYING AND IMPLEMENTING STRATEGIES TO CONNECT AT-RISK YOUTH TO BANKING | ||
| COMMUNITY FOUNDATION OF NEW JERSEY | |||||||||
| 35 KNOX HILL ROAD | MORRISTOWN | NJ | 07960 | 222281783 | $10,000 | $0 | IDENTIFYING AND IMPLEMENTING STRATEGIES TO CONNECT AT-RISK YOUTH TO BANKING | 501(C)3 | |
| ADJUSTMENT FOR GRANTS REISSUED FROM RETURN OF RESTRICTED GRANT FUNDING | |||||||||
| -$65,719 | $0 | ADJUSTMENT FOR GRANTS REISSUED FROM RETURN OF RESTRICTED GRANT FUNDING | |||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 43 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL GRANT AGREEMENTS CONTAIN THE GRANTEE'S BUDGET FOR HOW THEY PLAN TO USE GRANT FUNDS, AND LANGUAGE ON PROPER USE OF FUNDS. GRANTEES ARE REQUIRED TO SUBMIT FINAL REPORTS WITH ACCOUNTING OF FUNDS SPENT ALONG WITH NARRATIVE REPORTS OUTLINING PROGRAM OPERATIONS AND BENCHMARKING PERFORMANCE AGAINST GRANT GOALS. IN ADDITION, CFE FUND STAFF ENSURE THAT GRANTS ARE USED FOR INTENDED PURPOSES THROUGH REGULAR ACTIVITIES SUCH AS PHONE CALLS AND SITE VISITS, WHICH OFTEN INCLUDE FIELD VISITS TO OBSERVE PROGRAMMATIC OPERATIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JONATHAN MINTZ | ||||||||||||||
| PRESIDENT AND CEO | $384,554 | $0 | $0 | $0 | $0 | $0 | $16,365 | $0 | $66 | $0 | $400,985 | $0 | $0 | $0 |
| LISA NICOLLE GRIST | ||||||||||||||
| CHIEF RESEARCH, EVALUATION & FINANCE | $169,264 | $0 | $0 | $0 | $0 | $0 | $10,313 | $0 | $6,618 | $0 | $186,195 | $0 | $0 | $0 |
| AMELIA ERWITT | ||||||||||||||
| MANAGING DIRECTOR | $220,180 | $0 | $0 | $0 | $0 | $0 | $12,389 | $0 | $20,756 | $0 | $253,325 | $0 | $0 | $0 |
| TAMARA LINDSAY | ||||||||||||||
| CHIEF OF STRATEGY | $163,247 | $0 | $0 | $0 | $0 | $0 | $9,713 | $0 | $7,153 | $0 | $180,113 | $0 | $0 | $0 |
| I-HSING SUN | ||||||||||||||
| CHIEF PROGRAM OFFICER | $160,497 | $0 | $0 | $0 | $0 | $0 | $9,876 | $0 | $13,967 | $0 | $184,340 | $0 | $0 | $0 |
| DAVID ROTHSTEIN | ||||||||||||||
| SENIOR PRINCIPAL | $141,855 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20,948 | $0 | $162,803 | $0 | $0 | $0 |
| KAITLIN PLAT | ||||||||||||||
| SENIOR PRINCIPAL | $145,898 | $0 | $0 | $0 | $0 | $0 | $8,400 | $0 | $7,153 | $0 | $161,451 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LATIA CURRY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | PRINCIPAL AT RALLY SERVES AS A BOARD MEMBER OF CFE | RelationshipDescriptionTxt |
| Transaction | $149,306 | TransactionAmt |
| Transaction | CFE CONTRACTED WITH RALLY TO CREATE A CFE BRAND AND POLICY PLATFORM | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | IN JANUARY 2023 THE BOARD APPROVED MINOR GOVERNANCE CHANGES: A TECHNICAL CHANGE TO OUR CERTIFICATE OF INCORPORATION; EDITS TO OUR BY-LAWS TO CLARIFY BOARD STRUCTURE; AND UPDATES TO WHISTLE BLOWER AND CONFLICT OF INTEREST POLICIES. |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT HELPED PREPARE AND CONDUCTED A DETAILED REVIEW OF THE FORM 990. A COPY OF THE FORM 990 IS SENT ELECTRONICALLY BY MANAGEMENT TO THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO ITS SUBMISSION TO THE IRS. IT IS SENT WITH A COVER MEMO HIGHLIGHTING KEY ITEMS. BOARD MEMBERS ARE INVITED TO REPLY ELECTRONICALLY WITH COMMENTS OR QUESTIONS. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS SUBMIT ANNUAL DISCLOSURES; TO DATE THERE HAVE NOT BEEN ANY CONFLICTS TO MONITOR. |
| FORM 990, PART VI, SECTION B, LINE 15 | TO ESTABLISH THE CEO'S STARTING COMPENSATION, THE BOARD OF DIRECTORS ESTABLISHED A COMPENSATION COMMITTEE, WHICH CONSISTED OF THE THEN-4 INDEPENDENT MEMBERS. THE COMMITTEE CHAIR CONDUCTED A MARKET ANALYSIS AND THEN PRESENTED FINDINGS AND RECOMMENDATIONS TO THE REST OF THE COMMITTEE, WHO MET AND VOTED ON THE AMOUNT OF COMPENSATION FOR THE PRESIDENT AND CEO. IN SUBSEQUENT FISCAL YEARS, THE INDEPENDENT BOARD MEMBERS JOINTLY DETERMINE SALARY INCREASES FOR THE CEO, IF ANY, USING VARIOUS PROCESSES SUCH AS A FORMAL MARKET ANALYSIS, CEO PERFORMANCE FEEDBACK FROM RELEVANT STAKEHOLDERS, AND OTHER RELEVANT INPUT. THE BOARD OF DIRECTORS FORMALLY DELEGATES TO THE PRESIDENT AND CEO THE SETTING OF COMPENSATION FOR OTHER EMPLOYEES. PERIODICALLY, THE CFE FUND HIRES AN EXTERNAL FIRM TO REVIEW THE ORGANIZATION-WIDE COMPENSATION SCHEME, USING DETAILED COMPARABLES AND ANALYSIS. THE MOST RECENT ORGANIZATION-WIDE COMPENSATION REVIEW PROCESS WAS CONDUCTED IN 2023 AND WAS TRACKED BY THE BOARD TO THE CEO'S SALARY ADJUSTMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE TO FUNDING ORGANIZATIONS UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | RETURN OF RESTRICTED GRANT FUNDING 300,731. GRANTS REISSUED FROM RETURN OF RESTRICTED GRANT FUNDING -65,719. |