Overview
What is Council Of Financial Educators?
The Council of Financial Educators is a 501(c)(3) nonprofit organization situated in St. Petersburg, Florida. With a single employee, they are dedicated to spreading financial literacy across the United States. They accomplish this by conducting educational classes in various settings such as libraries and universities. During 2022 alone, they delivered 848 classes, reaching a cumulative audience of 19,450 individuals. Their mission is to empower the public with the necessary skills to navigate the intricate world of retirement, helping people make informed decisions with confidence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Overall score: 60%, Two-Star out of Four Star rating.
The Council Of Financial Educators has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various aspects of its operations. While the nonprofit has a strong program expense ratio of 76.93%, demonstrating effective allocation of resources towards its mission, there are significant gaps in accountability and transparency. The organization's website is missing from tax forms, and it lacks essential policies related to conflict of interest, whistleblowing, and document retention.
Strengths of the nonprofit include a high percentage of independent board members, which reflects well on its governance structure. However, the limitations highlighted, such as missing policies and documentation, raise concerns about its operational transparency. The absence of published board meeting minutes further diminishes the ability for stakeholders to assess the organization's activities and decision-making processes.
Overall, while the Council Of Financial Educators shows promise in its financial management and program delivery, it must address the noted deficiencies in accountability and governance to enhance its credibility and effectiveness. This will be crucial for building trust among donors and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Council Of Financial Educators legitimate?
Council Of Financial Educators is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council 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: $58,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Council Of Financial Educators?
The Council of Financial Educators, as a 501(c)(3) non-profit organization, is dedicated to empowering the public by equipping them with the necessary knowledge to navigate the complexities of the evolving retirement landscape with confidence. Through its mission, the organization consistently conducts financial educational classes in various locations such as libraries, colleges, and universities across the United States. In 2022 alone, they provided 848 classes, reaching a total of 19,450 individuals.
Who is the CEO of Council Of Financial Educators?
Kimberly T Phillips is the President of Council Of Financial Educators.
What is the revenue of Council Of Financial Educators?
Council Of Financial Educators's revenue in 2022 was $474,968.
Who are the executives of Council Of Financial Educators and what are their salaries?
The average compensation at Council Of Financial Educators during 2022 was $58,000. There is 1 employee at Council Of Financial Educators.
Here are 3 key members and their salaries:
- Compensation: $58,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Council Of Financial Educators?
Council Of Financial Educators's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Council Of Financial Educators
The Council of Financial Educators is a dedicated 501(c)(3) non-profit organization with a mission to equip the public with the necessary skills to handle the complexities of the evolving retirement landscape confidently. This non-profit is focused on providing educational classes on financial matters, reaching out to various audiences in libraries, colleges, and universities across the United States. In 2022 alone, the organization conducted 848 classes, impacting a substantial number of 19,450 individuals, thus underscoring its commitment to financial literacy and empowerment.
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Impact
July, 2024
The Council of Financial Educators has positively impacted the public by consistently providing financial educational classes in libraries, colleges, and universities throughout the United States. In 2022 alone, they conducted 848 classes reaching a total of 19,450 individuals. Their efforts have equipped people with the knowledge and tools to confidently navigate the ever-changing retirement landscape.
This information is meant to be a general summary of Council 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.
- Program Service Revenue: $389,918
- Gross Receipts: $474,968
Assets and Liabilities:
- Total Assets: $47,363
- Total Liabilities: $5,854
- Net Assets: $41,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Commissions
Revenue
$28,049
Reimbursement for Mailing
Revenue
$361,869
Organization Details
Founding Year
2011
Phone
(727) 481-6829Principal Officer
Kimberly T Phillips
Main Address
101 81st Ave N, St Petersburg, FL, 33702
NTEE Category
Code: X99 - Religion related
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