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Cities For Financial Empowerment Fund Inc

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

EIN: 463612187 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Cities For Financial Empowerment Fund Inc?

Cities For Financial Empowerment Fund Inc is a New York-based nonprofit organization that assists municipalities in developing financial stability programs for households. Through the Summer Jobs Connect initiative, the CFE Fund partners with 25 municipal governments to integrate financial empowerment strategies into their summer youth employment programs. By leveraging the reach of these programs, the CFE Fund aims to provide targeted financial education and banking access to participants, using their paychecks as an opportunity to make a significant impact. With a focus on designing, embedding, and replicating financial empowerment initiatives within local government, the CFE Fund's mission is to improve the financial stability of households across the United States. The organization has a team of 31 employees dedicated to this purpose.


Official website here: www.cfefund.org

Is Cities For Financial Empowerment Fund Inc legitimate?

Cities For Financial Empowerment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cities For Financial Empowerment Fund Inc 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: $842,762
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,805,147

For more financial information, click here


Official website here: www.cfefund.org

What is the mission statement of Cities For Financial Empowerment Fund Inc?

The Cities For Financial Empowerment Fund Inc is dedicated to assisting municipalities in creating programs and strategies that strengthen the financial stability of households. The organization's mission revolves around integrating financial empowerment strategies into local government infrastructure. Through its programmatic, research, and policy initiatives, the CFE Fund focuses on designing, implementing, and replicating financial empowerment initiatives within local governments.


Official website here: www.cfefund.org

Who is the CEO of Cities For Financial Empowerment Fund Inc?

Jonathan Mintz is the President And Ceo of Cities For Financial Empowerment Fund Inc. The CEO's salary of Cities For Financial Empowerment Fund Inc is $362,004 and their total compensation is $377,785.


Official website here: www.cfefund.org

What is the revenue of Cities For Financial Empowerment Fund Inc?

Cities For Financial Empowerment Fund Inc's revenue in 2022 was $27,257,857.


Official website here: www.cfefund.org

Who are the executives of Cities For Financial Empowerment Fund Inc and what are their salaries?

The average compensation at Cities For Financial Empowerment Fund Inc during 2022 was $85,416. There are 31 employees and 7 volunteers at Cities For Financial Empowerment Fund Inc.

Here are 14 key members and their salaries (Cities For Financial Empowerment Fund Inc's CEO's salary is $362,004 and their total compensation is $377,785):

    Jonathan Mintz (President And Ceo) [Trustee/Director]
  • Compensation: $362,004
  • Related: $0
  • Other: $15,781

    • Amelia Erwitt (Managing Director)
  • Compensation: $208,407
  • Related: $0
  • Other: $31,802

    • Lisa Nicolle Grist (Chief Research, Evaluation & Finance)
  • Compensation: $159,553
  • Related: $0
  • Other: $16,096

    • Tamara Lindsay (Chief Of Strategy)
  • Compensation: $158,980
  • Related: $0
  • Other: $16,626

    • I-Hsing Sun (Chief Program Officer)
  • Compensation: $164,134
  • Related: $0
  • Other: $9,596

    • David Rothstein (Senior Principal)
  • Compensation: $133,374
  • Related: $0
  • Other: $20,096

    • Kaitlin Plat (Senior Principal)
  • Compensation: $123,240
  • Related: $0
  • Other: $13,919

    • Michael Dubin (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathleen Mahon (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Naomi Gendler Camper (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

    • Karen Freeman-Wilson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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


  • Official website here: www.cfefund.org

    Where can I find the form 990 for Cities For Financial Empowerment Fund Inc?

    The Cities For Financial Empowerment Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cfefund.org

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

    Mission Statement of Cities For Financial Empowerment Fund Inc

    The Cities For Financial Empowerment Fund Inc is a mission-driven organization dedicated to helping municipalities build programs and strategies that support household financial stability. By leveraging municipal engagement, the CFE Fund aims to improve the financial situation of households across the board. The organization's primary goal is to embed financial empowerment strategies into local government infrastructure.

    The CFE Fund focuses on three key areas: programmatic, research, and policy efforts. This approach allows the organization to design, implement, and replicate financial empowerment initiatives within local governments. The organization's mission is to transform the way cities approach financial services and education, ultimately leading to better financial outcomes for individuals and families.

    The CFE Fund's initiatives are geared towards addressing financial stability at its roots. By collaborating with cities, the organization helps to create innovative solutions that cater to the unique needs of local communities. Whether it's through the development of financial education programs, the design of affordable banking services, or the implementation of savings incentives, the CFE Fund's work is making a significant impact on the financial well-being of households.

    In summary, the Cities For Financial Empowerment Fund Inc is a nonprofit organization that partners with municipalities to design and implement financial empowerment strategies. By focusing on programmatic, research, and policy efforts, the organization is able to create sustainable solutions that help improve the financial stability of households and communities.

    Impact

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




    Thursday, August 15, 2024

    Cities For Financial Empowerment Fund Inc helps municipalities build programs and strategies to support household financial stability. Through initiatives like Summer Jobs Connect, they have developed a national model for integrating financial empowerment strategies into municipal summer youth employment programs. By providing targeted financial education and banking access strategies, they leverage municipal engagement to improve the financial stability of households. Their focus on designing, embedding, and replicating financial empowerment initiatives within local government infrastructure contributes to community improvement.





    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: $37,330
  • Program Service Revenue: $0
  • Gross Receipts: $27,257,857

    • Assets and Liabilities:
  • Total Assets: $29,695,810
  • Total Liabilities: $4,978,411
  • Net Assets: $24,717,399
  • Organization Details

    Founding Year

    2013

    Principal Officer

    Jonathan Mintz

    Main Address

    44 WALL STREET - SUITE 1050, NEW YORK, NY, 100052443

    NTEE Category

    Code: S99 - Community improvement

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