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Financial Beginnings

Financial Beginnings

Portland, OR 97221
Tax ID20-3530960

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About this organization

Revenue

$506,570

Expenses

$582,659

Mission

FINANCIAL BEGINNINGS EMPOWERS YOUTH AND ADULTS TO TAKE CONTROL OF THEIR FINANCIAL FUTURE.

About

FINANCIAL BEGINNINGS PROVIDES CURRICULA, PROGRAMS, AND ADMINISTRATIVE SUPPORT TO STATE AFFILIATES WHICH IN TURN PROVIDE FREE FINANCIAL EDUCATION TO YOUTH AND ADULTS. DURING THE FISCAL YEAR ENDED JUNE 30, 2019, THE STATE AFFILIATES CONDUCTED 1,121 CLASSES AND WORKSHOPS WHICH REACHED 25,966 PARTICIPANTS. FINANCIAL BEGINNINGS INCREASES THE FINANCIAL CAPABILITY OF YOUTH AND ADULTS. DOING SO ALLOWS THEM TO LIVE WITH LESS FINANCIAL UNCERTAINTY, AND INCREASES LIFE OPPORTUNITIES SUCH AS HOME OWNERSHIP, HIGHER EDUCATION, AND SECURE RETIREMENT.FINANCIAL BEGINNINGS WORKS TO:- PROMOTE SELF-SUFFICIENCY BY TEACHING INDIVIDUALS HOW TO PROACTIVELY IMPROVE THEIR FINANCIAL HEALTH.- SUPPORT UN- AND UNDERBANKED INDIVIDUALS IN ACCESSING AND PARTICIPATING IN FINANCIAL SERVICES.- PROVIDE AGE-APPROPRIATE FINANCIAL EDUCATION THAT MEETS OR EXCEEDS STATE-SPECIFIC STANDARDS.- ENHANCE FINANCIAL RESILIENCY AMONG UNDERSERVED POPULATIONS.- CREATE COMMUNITIES WITHIN WHICH THE NEED FOR FINANCIAL EDUCATION IS RECOGNIZED, AND ALL SECTORS WORK COLLABORATIVELY TOWARDS INCREASED FINANCIAL LITERACYTHIS IS ACCOMPLISHED THROUGH FINANCIAL BEGINNINGS MAIN PROGRAMS WHICH INCLUDE AGE-APPROPRIATE CURRICULA FOR YOUTH IN GRADES K-12 AS WELL AS PROGRAMMING FOR HIGH-RISK COLLEGE STUDENTS, ADULTS, AND SPANISH-SPEAKING POPULATIONS.FINANCIAL BEGINNINGS PROGRAMS REACH ALL DEMOGRAPHICS BUT ARE DESIGNED TO EMPOWER ECONOMICALLY-VULNERABLE YOUTH AND ADULTS THROUGH INCLUSIVE FINANCIAL EDUCATION. BECAUSE OF THIS, FINANCIAL BEGINNINGS PROACTIVELY REACHES UNDERSERVED AUDIENCES SUCH AS LOW-INCOME INDIVIDUALS, VETERANS, INDIVIDUALS WITH LEGAL HISTORIES, INDIVIDUALS EXPERIENCING HOMELESSNESS, AND COMMUNITIES OF COLOR.PROGRAMS ARE PROVIDED IN PARTNERSHIP WITH SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS, AND ARE ALWAYS OFFERED AT NO COST TO THE PARTICIPANT OR PARTNER.

Interesting data from their 2020 990 filing

The filing reveals the mission of the non-profit as “Financial beginnings empowers youth and adults to take control of their financial future.”.

When detailing its functions, they were listed as: “Financial beginnings empowers youth and adults to take control of their financial future.”.

  • According to the law, the state where the non-profit operates has been reported as OR.
  • The filing specifies that the non-profit's address in 2020 was 6443 SW Beaverton Hillsdale Hwy 430, Portland, OR, 97221.
  • As of 2020, the non-profit's form shows they have a total of 5 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is -$76,089.
  • The CEO compensation scheme within the organization is based on a review and endorsement process by a neutral entity.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 6 independent voting members.
  • The organization was formed in 2005.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $453,361 in salary, compensation, and benefits to its employees.
  • The organization pays $92,984 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
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