Overview
What is Association Of Financial Educators?
The Association of Financial Educators is a nonprofit organization situated in Austin, Texas, with a small team of two dedicated individuals. Their primary goal is to empower individuals and communities by sharing financial knowledge, enabling them to better manage their personal finances. The association achieves this mission by generously donating their time to educate corporations and organizations' employees, enabling them to take control of their financial futures. The Association of Financial Educators aims to improve financial well-being at both the individual and community levels.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
The Association of Financial Educators received a One-Star out of Four Star rating, indicating significant concerns regarding its financial and accountability practices. The organization scored 59%, reflecting deficiencies in independent governance, as it has no independent board members. This factor heavily contributed to a low score in the Accountability & Finance category, impacting overall transparency and effectiveness.
Despite the governance issues, the organization demonstrates strength in program expense management, achieving a 100% program expense ratio. This suggests that all reported expenditures are directed towards program services, which is a positive sign for its mission-driven activities. Additionally, it has established solid policies for conflict of interest, whistleblower protection, and document retention, showcasing some commitment to good governance practices.
However, there are notable limitations. The charity's website was missing from its tax form, and it did not post its tax documents online, which raises questions about accessibility and transparency. Furthermore, its liabilities to assets ratio is concerning at 171.22%, indicating potential financial strain. Overall, while there are some strengths, the governance and financial transparency issues present significant challenges for the Association of Financial Educators.
This AI summary has been generated from information found on Charity Navigator.
Is Association Of Financial Educators legitimate?
Association Of Financial Educators is a legitimate nonprofit organization registered as a 501(c)(3) entity. Association Of Financial Educators 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: $202,039
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Association Of Financial Educators?
The Association of Financial Educators' mission is centered around empowering individuals and communities by providing them with the necessary financial knowledge. This allows them to take charge of their own financial well-being. The organization achieves this mission through its members, who generously donate their time to share their expertise. They aim to equip corporations and organizations' employees with the tools needed to manage their individual financial futures effectively.
Who is the CEO of Association Of Financial Educators?
Kevin Crown is the President of Association Of Financial Educators.
What is the revenue of Association Of Financial Educators?
Association Of Financial Educators's revenue in 2022 was $475,399.
Who are the executives of Association Of Financial Educators and what are their salaries?
The average compensation at Association Of Financial Educators during 2022 was $101,020. There are 2 employees and 2 volunteers at Association Of Financial Educators.
Here are 2 key members and their salaries:
- Compensation: $118,119
- Related: $0
- Other: $0
- Compensation: $83,920
- Related: $0
- Other: $0
Where can I find the form 990 for Association Of Financial Educators?
Association Of Financial Educators's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Association Of Financial Educators
The Association of Financial Educators is committed to empowering individuals and communities by providing them with the necessary knowledge to take charge of their financial well-being. This nonprofit organization achieves this mission by leveraging the expertise and generosity of its members. These dedicated individuals donate their time to share their financial insights, enabling corporations and organizations to equip their employees with the tools needed to manage their personal financial futures effectively. This empowerment initiative aims to foster financial stability and independence among individuals, ultimately contributing to stronger, more financially secure communities.
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Impact
July, 2024
The Association of Financial Educators plays a vital role in empowering individuals and communities with the knowledge they need to take control of their own financial well-being. Through generous donations of time and expertise from its members, this organization has been instrumental in educating and empowering employees of corporations and organizations to secure their financial futures. By focusing on community improvement through financial education, the Association of Financial Educators has a direct impact on enhancing the financial literacy and well-being of individuals and communities.
This information is meant to be a general summary of Association Of Financial Educators. 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 2022.
- Gross Receipts: $475,399
Assets and Liabilities:
- Total Assets: $492,905
- Total Liabilities: $843,964
- Net Assets: -$351,059
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Organization Details
Founding Year
2017
Phone
(281) 809-4137Principal Officer
Kevin Crown
Main Address
108 WILD BASIN RD S 250, AUSTIN, TX, 78746
NTEE Category
Code: S41 - Community improvement
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