Overview
What is The Society For Financial Awareness?
The Society for Financial Awareness (SOFA) is a nonprofit organization based in San Diego, California. Its primary objective is to combat financial illiteracy by providing free financial education to individuals and families. They achieve this through a speakers bureau, programs in churches and community centers, seminars, and workshops. Volunteers from financial professionals such as accountants, trust officers, and attorneys contribute their time to deliver these workshops. SOFA also offers assistance to low-income families to prepare and file their tax returns. By doing so, SOFA empowers individuals to take charge of their financial lives, make informed decisions, and aim for financial success. Their mission is to end financial illiteracy and encourage Americans to embrace the concept of "doing better" with their money.
Official website here: www.sofausa.org
Is The Society For Financial Awareness legitimate?
The Society For Financial Awareness is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Society For Financial Awareness 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: $101,139
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,057
For more financial information, click here
Official website here: www.sofausa.org
What is the mission statement of The Society For Financial Awareness?
The Society for Financial Awareness aims to combat financial illiteracy and empower individuals to take control of their financial lives. By establishing a speakers bureau and conducting workshops and seminars, they provide financial education to diverse groups, including senior citizens, families, and low-income individuals. Through these efforts, they help individuals acquire the knowledge needed for asset allocation, cash management, retirement planning, investment planning, and estate planning. Additionally, they assist in preparing and filing tax returns for low-income families. Overall, the Society for Financial Awareness aims to promote financial literacy and enable people to make informed decisions about their money.
Official website here: www.sofausa.org
Who is the CEO of The Society For Financial Awareness?
James E Chilton is the CEO of The Society For Financial Awareness The CEO's salary of The Society For Financial Awareness is $0 and their total compensation is $0.
Official website here: www.sofausa.org
What is the revenue of The Society For Financial Awareness?
The Society For Financial Awareness's revenue in 2023 was $417,206.
Official website here: www.sofausa.org
Who are the executives of The Society For Financial Awareness and what are their salaries?
The average compensation at The Society For Financial Awareness during 2023 was $31,742. There are 7 employees and 100 volunteers at The Society For Financial Awareness.
Here are 3 key members and their salaries (The Society For Financial Awareness's CEO's salary is $0 and their total compensation is $0):
- Compensation: $101,139
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sofausa.org
Where can I find the form 990 for The Society For Financial Awareness?
The Society For Financial Awareness's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sofausa.org
Learn more at the official website: www.sofausa.org
Mission Statement of The Society For Financial Awareness
The Society for Financial Awareness is committed to eradicating financial illiteracy and empowering individuals to take charge of their financial lives. The organization's mission is to inspire Americans to embrace a financial concept known as "doing better," which involves gaining more knowledge, making informed decisions with their money, and ultimately leading to improved financial well-being.
To achieve this mission, The Society for Financial Awareness has established several programs and initiatives. One of their primary objectives is to establish a speakers bureau, consisting of financial professionals such as financial planners, accountants, trust officers, and attorneys, who volunteer their time to deliver financial education to individuals and families. The organization also seeks to establish programs through religious institutions, where volunteers work with various groups to address their financial concerns.
Furthermore, The Society for Financial Awareness assists senior citizen centers in conducting workshops to educate their members about long-term health care concerns. They also conduct seminars and disseminate publications to educate the general public about topics such as asset allocation, cash management, retirement planning, investment planning, and estate planning. Additionally, the organization aids low-income families in preparing and filing their annual tax returns.
Through these efforts, The Society for Financial Awareness has been instrumental in helping individuals acquire financial education, enabling them to identify and address their personal and family financial planning needs. The organization's workshops and seminars have helped people become aware of risk management, investment opportunities, and tax savings. Each workshop is customized to meet the unique needs of the participants, ensuring that they receive tailored financial advice. All of The Society for Financial Awareness' education programs are offered free of charge to corporate and community groups, furthering its mission to promote financial education.
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Impact
October, 2024
The Society For Financial Awareness has made a significant impact on financial literacy across the United States by addressing the critical need to educate individuals and families about personal finance. Through a robust speakers bureau, it connects knowledgeable professionals—such as financial planners, accountants, and attorneys—with communities, offering valuable insights at no cost. This initiative empowers people to grasp essential financial concepts, helping them make informed decisions regarding budgeting, retirement planning, investment strategies, and estate planning.
By targeting various groups, including senior citizens and low-income families, the organization tailors its programs to meet specific needs, ensuring that everyone has access to the financial education necessary for effective money management. Workshops and seminars are customized to address individual and family financial planning requirements, fostering a deeper understanding of risk management and investment opportunities.
In collaboration with local churches, temples, and synagogues, The Society For Financial Awareness is further expanding its reach, providing critical information to those who may otherwise face barriers in accessing financial education. Overall, its efforts contribute significantly to reducing financial illiteracy, empowering individuals and families to take control of their financial futures and embrace a mindset of "doing better" through informed decision-making.
This information is meant to be a general summary of The Society For Financial Awareness. 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: $2
- Program Service Revenue: $336,890
- Gross Receipts: $417,206
Assets and Liabilities:
- Total Assets: $185,971
- Total Liabilities: $67,215
- Net Assets: $118,756
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$336,890
Organization Details
Founding Year
1996
Principal Officer
James E Chilton
Website
www.sofausa.orgNTEE Category
Code: A99 - Arts
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