Overview
What is Delaware Financial Education Alliance Inc?
Delaware Financial Education Alliance Inc, based in Dover, Delaware, is a nonprofit organization dedicated to promoting financial literacy. Their mission primarily focuses on providing educational programs tailored to individuals of low and moderate income residing in Delaware. Furthermore, they offer quality training programs to employees within the financial services industry in the state. This organization operates with a vision to empower individuals with the necessary financial skills, ultimately contributing to a financially secure community.
Official website here: www.dfea.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Delaware Financial Education Alliance Inc has achieved an impressive 96% rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization maintains a perfect score for accountability, with all board members being independent and demonstrating a commitment to ethical governance.
The nonprofit has shown effective financial management, with an 88.22% program expense ratio, indicating that a significant portion of its funds directly supports its mission. With no reported material diversion of assets and robust oversight through an Audit and Oversight Committee, the organization demonstrates high levels of transparency and responsibility.
Overall, the Delaware Financial Education Alliance Inc showcases its dedication to financial integrity and strong governance practices. Its focus on effective program delivery suggests a well-functioning organization poised to fulfill its mission of promoting financial education.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Financial Education Alliance Inc legitimate?
Delaware Financial Education Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware Financial Education Alliance 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.dfea.org
What is the mission statement of Delaware Financial Education Alliance Inc?
The Delaware Financial Education Alliance Inc is dedicated to providing financial literacy education tailored for individuals of low and moderate income within the state. Through a range of educational programs, the organization aims to equip these individuals with the necessary financial skills. Additionally, the alliance offers quality training programs to employees of member banks in the financial services industry within Delaware. By doing so, it seeks to foster financial literacy and empower both individuals and the banking sector.
Official website here: www.dfea.org
Who is the CEO of Delaware Financial Education Alliance Inc?
Sarah A Long is the Chair of Delaware Financial Education Alliance Inc. The CEO's salary of Delaware Financial Education Alliance Inc is $0 and their total compensation is $339,505.
Official website here: www.dfea.org
What is the revenue of Delaware Financial Education Alliance Inc?
Delaware Financial Education Alliance Inc's revenue in 2023 was $674,551.
Official website here: www.dfea.org
Who are the executives of Delaware Financial Education Alliance Inc and what are their salaries?
Here are 17 key members and their salaries (Delaware Financial Education Alliance Inc's CEO's salary is $0 and their total compensation is $339,505):
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- Related: $299,800
- Other: $39,705
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Official website here: www.dfea.org
Where can I find the form 990 for Delaware Financial Education Alliance Inc?
Delaware Financial Education Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dfea.org
Learn more at the official website: www.dfea.org
Mission Statement of Delaware Financial Education Alliance Inc
Delaware Financial Education Alliance, Inc., is committed to delivering financial literacy education tailored to individuals of low and moderate income residing in Delaware. Through a diverse array of educational programs, this nonprofit organization seeks to empower its beneficiaries with the necessary financial skills. Furthermore, Delaware Financial Education Alliance also offers high-quality training programs to employees in the financial services industry within the state of Delaware. By providing these resources, the organization aims to foster financial stability and independence among its target population and contribute to the overall financial well-being of the Delaware community.
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Impact
July, 2024
Delaware Financial Education Alliance Inc's impact is evident in its dedication to providing financial literacy training tailored for individuals with low and moderate incomes in the state of Delaware. Through a range of educational programs, the organization equips these individuals with essential financial knowledge, empowering them to make informed decisions and improve their financial well-being. Additionally, by offering quality training programs to employees of member banks in the financial services industry in Delaware, the organization contributes to enhancing financial education across the sector. Through these initiatives, Delaware Financial Education Alliance Inc effectively fulfills its mission of promoting financial literacy and empowerment among its target audiences.
This information is meant to be a general summary of Delaware Financial Education Alliance Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,188
- Program Service Revenue: $567,287
- Gross Receipts: $674,551
Assets and Liabilities:
- Total Assets: $761,556
- Total Liabilities: $31,207
- Net Assets: $730,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION FEES
Revenue
$567,287
Organization Details
Founding Year
1983
Phone
(302) 674-0200Principal Officer
Sarah A Long
Main Address
PO BOX 494, DOVER, DE, 19903
Website
www.dfea.orgNTEE Category
Code: W60Z - Public benefit
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