nonprofit logo

Financial Beginnings

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203530960 ✦ Portland, OR ✦ Designated as a 501(c)(3)

Overview

What is Financial Beginnings?

Financial Beginnings is a national nonprofit organization, headquartered in Portland, Oregon, with a mission to equip youth and adults with financial literacy skills. They achieve this goal by providing age-appropriate financial education programs across the United States. Financial Beginnings operates independently in Oregon and Washington, while its affiliates in California and Nebraska fall under the oversight of Financial Beginnings USA. Their programs aim to enhance financial capability, reducing uncertainty and opening up opportunities such as homeownership, higher education, and secure retirement. They promote self-sufficiency, support individuals in accessing financial services, and create communities that recognize the importance of financial education. Since 2020, they have also developed eLearning programs to complement their in-person lessons.


Official website here: www.financialbeginnings.org

Is Financial Beginnings legitimate?

Financial Beginnings is a legitimate nonprofit organization registered as a 501(c)(3) entity. Financial Beginnings submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $331,305
Professional Fundraising Fees: $0
Other Salaries and Wages: $251,083

For more financial information, click here


Official website here: www.financialbeginnings.org

What is the mission statement of Financial Beginnings?

Financial Beginnings' mission is to empower youth and adults to take control of their financial future. This is achieved by providing financial education and opportunities as a national nonprofit organization. Financial Beginnings promotes self-sufficiency by teaching individuals how to proactively improve their financial health. It also supports individuals in accessing and participating in financial services. The organization provides age-appropriate financial education that meets or exceeds state-specific standards, enhancing financial resilience among underserved populations. Financial Beginnings works towards creating communities that recognize the need for financial education, with all sectors collaborating towards increased financial literacy. These goals are accomplished through various programs, including age-appropriate curricula for youth in grades K-12, as well as programming for college students and adults, provided in partnership with schools and community-based organizations. Since 2020, Financial Beginnings has also developed eLearning programming to complement in-person lessons.


Official website here: www.financialbeginnings.org

Who is the CEO of Financial Beginnings?

Melody Bell is the Ceo of Financial Beginnings. The CEO's salary of Financial Beginnings is $133,308 and their total compensation is $141,306.


Official website here: www.financialbeginnings.org

What is the revenue of Financial Beginnings?

Financial Beginnings's revenue in 2022 was $739,533.


Official website here: www.financialbeginnings.org

Who are the executives of Financial Beginnings and what are their salaries?

The average compensation at Financial Beginnings during 2022 was $58,239. There are 10 employees and 64 volunteers at Financial Beginnings.

Here are 8 key members and their salaries (Financial Beginnings's CEO's salary is $133,308 and their total compensation is $141,306):

    Melody Bell (Ceo)
  • Compensation: $133,308
  • Related: $0
  • Other: $7,998

    • Timothy Christy (Coo)
  • Compensation: $100,395
  • Related: $0
  • Other: $11,724

    • James Chen (Chief Adv Ofcr)
  • Compensation: $95,879
  • Related: $0
  • Other: $5,753

    • Casey Boggs (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Bielen (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Fisher (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Collins (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Olsen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.financialbeginnings.org

    Where can I find the form 990 for Financial Beginnings?

    The Financial Beginnings’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.financialbeginnings.org

    Learn more at the official website: www.financialbeginnings.org

    Mission Statement of Financial Beginnings

    Financial Beginnings, as a national nonprofit organization, is dedicated to empowering both youth and adults to gain control over their financial futures. The mission of Financial Beginnings is to provide educational opportunities and resources that enable individuals to improve their financial health proactively. By doing so, Financial Beginnings aims to promote self-sufficiency and support individuals in accessing and participating in financial services.

    The organization's approach to financial education is age-appropriate, tailored to meet or exceed state-specific standards. Financial Beginnings seeks to enhance financial resilience among underserved populations and foster communities where the need for financial literacy is recognized. Through various programs, Financial Beginnings collaborates with schools, community-based organizations, and other sectors to increase financial literacy and broaden life opportunities such as home ownership, higher education, and secure retirement.

    Since 2020, Financial Beginnings has expanded its offerings to include eLearning programming to complement in-person lessons, ensuring that financial education remains accessible and convenient for a wide range of learners. By fulfilling its mission, Financial Beginnings plays a vital role in empowering individuals to take charge of their financial well-being and build a more secure financial future.

    Impact

    This information is meant to be a general summary of Financial Beginnings. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Financial Beginnings empowers individuals to take control of their financial future by providing age-appropriate financial education that exceeds state-specific standards. Through their programs, they promote self-sufficiency, support access to financial services, and enhance financial resiliency among underserved populations. By increasing financial capability, Financial Beginnings helps individuals live with less financial uncertainty and opens up opportunities such as home ownership, higher education, and secure retirement. Their impact can be seen in the improved financial literacy and empowerment of youth and adults across the United States.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $49
  • Program Service Revenue: $209,068
  • Gross Receipts: $739,533

    • Assets and Liabilities:
  • Total Assets: $67,187
  • Total Liabilities: $70,757
  • Net Assets: -$3,570
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LICENSING OF CURRICULUM

    Revenue

    $209,068

    Organization Details

    Founding Year

    2005

    Principal Officer

    Melody Bell

    Main Address

    6443 SW Beaverton Hillsdale Hwy 430, Portland, OR, 97221

    NTEE Category

    Code: P51 - Human services

    If you are a representative of Financial Beginnings and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.