Overview
What is Bay Area Financial Education Foundation?
The Bay Area Financial Education Foundation, situated in Occidental, California, is a nonprofit organization committed to enhancing the financial literacy of local youth. In 2022, they expanded their financial literacy program, offering free workshops for high school and college students. These workshops, led by industry professionals, cover essential topics like budgeting, credit, college financing, and taxes. The foundation prioritizes underserved and at-risk youth, providing them with the fundamental knowledge of personal finance, which is not typically taught in California's public schools. Their mission is to foster economic education and financial literacy within the Bay Area youth community.
Official website here: www.bafef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Bay Area Financial Education Foundation (BAFEF) holds a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation has achieved a perfect score in areas such as independent board composition, material diversion of assets, and program expense ratio, indicating robust governance and effective use of resources. The high percentage of program expenses directed towards its mission illustrates a commitment to transparency and responsible financial management.
User reviews from Great Nonprofits highlight the positive impact BAFEF has on financial literacy in the Bay Area. Many contributors praise the foundation for sponsoring meaningful educational events and programs, particularly those aimed at empowering youth with essential financial skills. Volunteers, board members, and clients have expressed admiration for the foundation's initiatives that foster economic education, emphasizing its role in enhancing financial literacy and supporting aspiring entrepreneurs.
Overall, while BAFEF is celebrated for its impactful programs and financial stewardship, the reviews consistently reflect a strong community connection and commitment to education. The organization is recognized for making a substantial difference in the lives of students and professionals alike, helping to build a more financially literate society.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Bay Area Financial Education Foundation legitimate?
Bay Area Financial Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Area Financial Education Foundation 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: $82,046
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bafef.org
What is the mission statement of Bay Area Financial Education Foundation?
The Bay Area Financial Education Foundation is committed to enhancing the financial literacy and economic education of youth residing in the Bay Area. Their primary mission involves providing free workshops to high school and college students, which are led by experts from the financial services sector. These sessions cover essential personal finance topics such as budgeting, credit management, college funding, and taxes. The organization focuses on reaching underserved and at-risk youth, aiming to equip them with the necessary financial skills for their future. In 2022, the foundation conducted 65 such workshops, further strengthening its commitment towards financial education and empowerment.
Official website here: www.bafef.org
What is the revenue of Bay Area Financial Education Foundation?
Bay Area Financial Education Foundation's revenue in 2023 was $103,389.
Official website here: www.bafef.org
Who are the executives of Bay Area Financial Education Foundation and what are their salaries?
Here are 8 key members and their salaries:
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- Compensation: $82,046
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Official website here: www.bafef.org
Where can I find the form 990 for Bay Area Financial Education Foundation?
Bay Area Financial Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bafef.org
Learn more at the official website: www.bafef.org
Mission Statement of Bay Area Financial Education Foundation
The Bay Area Financial Education Foundation is dedicated to improving the financial literacy and economic education of youth residing in the Bay Area. Their primary objective is to equip high school and college students with essential financial skills, which are currently absent from California's public school curriculum. Through their mission, they provide complimentary workshops led by professionals from the financial services sector. These workshops focus on various financial topics, such as budgeting, credit management, college funding, and taxation. The foundation has a particular focus on reaching underserved and at-risk youth, ensuring that financial literacy becomes an accessible and vital skill for all Bay Area youth. In 2022, the foundation presented 65 such workshops, furthering its mission to empower young individuals with the necessary tools to navigate the complex world of personal finance.
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Impact
October, 2024
The Bay Area Financial Education Foundation has made a significant impact on the economic education and financial literacy of youth in the Bay Area. In 2022, the Foundation conducted 65 workshops aimed at high school and college students, filling a crucial gap in financial education not covered by California's public school system.
These workshops, taught by credentialed volunteers from the financial services industry, provide students with essential knowledge on personal finance topics such as budgeting, credit management, college financing, and taxes. By focusing on underserved and at-risk youth, the Foundation ensures that these vital skills reach those who need them the most. The workshops are provided free of charge, promoting equitable access to financial education and empowering the next generation to make informed financial decisions.
This information is meant to be a general summary of Bay Area Financial Education Foundation. 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: $32
- Gross Receipts: $103,389
Assets and Liabilities:
- Total Assets: $114,462
- Total Liabilities: $0
- Net Assets: $114,462
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Organization Details
Founding Year
2007
Principal Officer
Cameron A Crisman Cfa
Website
www.bafef.orgNTEE Category
Code: B90 - Education
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