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Center For Financial Empowerment

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

EIN: 202843303 ✦ Irwindale, CA ✦ Designated as a 501(c)(3)

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Overview

What is Center For Financial Empowerment?

The Center for Financial Empowerment is a nonprofit organization situated in Irwindale, California, with a mission to combat generational poverty and foster more stable communities. They accomplish this by offering financial education to underserved high school students through interactive workshops and classes. These sessions cover essential topics such as budgeting, savings, and credit management. By empowering young individuals with financial literacy skills, the Center for Financial Empowerment aims to break the cycle of poverty and contribute to the overall stability of communities. The organization employs a modest team of two dedicated individuals.


Official website here: www.center4fe.org

What do the Facebook reviews say about Center For Financial Empowerment?

96% of 12 reviewers on Facebook recommend the Center For Financial Empowerment. Here is a summary of their reviews:

The Center For Financial Empowerment is highly regarded for its commitment to enhancing youth financial literacy in California and Nevada. Reviewers commend the nonprofit for its active role in the community and highlight its invaluable scholarships that support students who might otherwise face challenges in pursuing higher education.

Overall, the sentiment is overwhelmingly positive, with users expressing satisfaction with the impactful initiatives and community support provided by this organization. It appears that CFE truly delivers on its promises, fostering growth and opportunity for deserving students.


This AI summary has been generated from reviews found on Facebook.

Is Center For Financial Empowerment legitimate?

Center For Financial Empowerment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Financial Empowerment 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $2,208
Other Salaries and Wages: $170,437

For more financial information, click here


Official website here: www.center4fe.org

What is the mission statement of Center For Financial Empowerment?

The Center for Financial Empowerment, a nonprofit organization, is committed to its mission of disrupting the cycle of generational poverty and fostering more stable communities. This is achieved primarily through youth financial education. The organization conducts financial literacy workshops and interactive events for underprivileged high school students, focusing on topics such as budgeting, savings, and credit management. By doing so, the Center for Financial Empowerment aims to equip young individuals with the necessary financial skills to secure a more stable financial future.


Official website here: www.center4fe.org

Who is the CEO of Center For Financial Empowerment?

Jennifer Oliver is the Executive Dir. of Center For Financial Empowerment.


Official website here: www.center4fe.org

What is the revenue of Center For Financial Empowerment?

Center For Financial Empowerment's revenue in 2022 was $345,330.


Official website here: www.center4fe.org

Who are the executives of Center For Financial Empowerment and what are their salaries?

The average compensation at Center For Financial Empowerment during 2022 was $85,218. There are 2 employees at Center For Financial Empowerment.


Here are 7 key members and their salaries:


Abby Ulm (Executive Dir.)
  • Compensation: $0
  • Related: $149,234
  • Other: $0
David Dan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
M Kenji Coleman (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Cruz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Ferreira (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pascual Garrido (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Oliver (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.center4fe.org

Where can I find the form 990 for Center For Financial Empowerment?

Center For Financial Empowerment's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.center4fe.org

Learn more at the official website: www.center4fe.org

Mission Statement of Center For Financial Empowerment

The Center for Financial Empowerment, a recognized 501(c)(3) nonprofit organization, is committed to dismantling the persistent cycle of poverty and fostering more stable communities. They accomplish this mission primarily by focusing on youth financial education. Through engaging workshops and interactive events, this organization targets underserved high school students, imparting essential financial literacy skills. Their curriculum covers essential topics such as budgeting, saving, and credit management, equipping young individuals with the tools necessary to manage their finances effectively. The ultimate goal of the Center for Financial Empowerment is to break the generational cycle of poverty and contribute to the creation of more financially secure and stable communities.

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Impact




October, 2024

The Center for Financial Empowerment significantly impacts underserved high school youth by providing essential financial literacy workshops and interactive events. By focusing on basic budgeting, savings, and credit management, the organization equips participants with the knowledge and skills necessary to make informed financial decisions. This education plays a crucial role in breaking the cycle of generational poverty, fostering greater stability within communities. As youth gain financial skills, they are better prepared to manage their finances, pursue higher education, and ultimately contribute to the economic well-being of their families and communities. The Center's proactive approach not only enhances individual financial literacy but also promotes long-term community resilience.




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


Financials

This financial information is from Propublica.

Revenue
$345,330 (2022)
Expenses
$328,369 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,154
  • Gross Receipts: $345,330

Assets and Liabilities:

  • Total Assets: $324,337
  • Total Liabilities: $61,766
  • Net Assets: $262,571

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Organization Details

Founding Year

2005

Principal Officer

Jennifer Oliver

Main Address

12701 SCHABARUM AVE, IRWINDALE, CA, 91706

NTEE Category

Code: P51 - Human services

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