Overview
What is Financial Resolutions?
Financial Resolutions is a nonprofit organization that prioritizes the responsible management of funds for individuals who struggle financially, enabling them to avail of necessary services they might otherwise be unable to afford. Their primary focus lies in providing conservatorship services, ensuring that these individuals' financial interests are safeguarded and managed effectively.
Is Financial Resolutions legitimate?
Financial Resolutions is a legitimate nonprofit organization registered as a 501(c)(3) entity. Financial Resolutions submitted a form 990EZ, 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: $0
Other Salaries and Wages: $0
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What is the mission statement of Financial Resolutions?
Financial Resolutions' mission is centered around conserving funds for individuals who cannot afford such services. They fulfill this mission by providing conservatorship services. This organization aims to safeguard financial assets for those in need, ensuring their financial well-being and stability. Their activities focus on managing and protecting funds, ensuring they are utilized effectively and beneficially for the individuals under their care.
What is the revenue of Financial Resolutions?
Financial Resolutions's revenue in 2024 was $184,565.
Who are the executives of Financial Resolutions and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $45,600
- Related: $0
- Other: $0
- Compensation: $62,400
- Related: $0
- Other: $0
Where can I find the form 990EZ for Financial Resolutions?
Financial Resolutions's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Financial Resolutions
Financial Resolutions, as a nonprofit organization, is dedicated to the conservation of funds for individuals who are financially incapable of managing their own resources. The organization's primary mission is to provide conservatorship services, ensuring the financial well-being of these individuals. By taking on this responsibility, Financial Resolutions aims to provide a safety net for those who require financial assistance and support.
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Impact
October, 2024
Financial Resolutions plays a crucial role in supporting individuals who face financial challenges and are unable to afford conservatorship services. By providing these essential services, Financial Resolutions helps ensure that vulnerable populations can manage their finances responsibly and with oversight.
The impact of Financial Resolutions in Owatonna, MN, extends beyond basic financial management. It fosters a sense of security and stability for clients, enabling them to navigate their financial responsibilities without the burden of overwhelming stress. This conservatorship service can lead to improved mental health outcomes, as individuals gain confidence in their financial decisions.
Moreover, by focusing on those in need, Financial Resolutions contributes to a more equitable community where everyone has access to necessary financial guidance. This can have ripple effects, helping to reduce poverty and its associated challenges within the region. Overall, the organization's efforts represent a vital safety net for individuals who might otherwise lack the resources to safeguard their financial well-being.
This information is meant to be a general summary of Financial Resolutions. 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 2024.
- Program Service Revenue: $184,565
- Gross Receipts: $184,565
Assets and Liabilities:
- Total Assets: $15,967
- Total Liabilities: $0
- Net Assets: $15,967
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Organization Details
Principal Officer
Diane Padilla
NTEE Category
Code: P50 - Human services
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