Overview
What is Institute For Financial Literacy Inc?
The Institute for Financial Literacy Inc, based in Portland, Maine, is a nonprofit organization dedicated to promoting financial education and counseling. They achieve this by collaborating with various organizations nationwide, integrating financial literacy into their existing services. The institute relies on both individual and corporate financial support to fulfill its mission. With a team of just two dedicated individuals, this nonprofit entity has successfully provided financial education, counseling, and information to over half a million consumers across the United States since its inception. Annually, they host a conference on financial education, offering professional development opportunities, networking, and updates on current trends and best practices in the field.
Official website here: www.financiallit.org
Is Institute For Financial Literacy Inc legitimate?
Institute For Financial Literacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Financial Literacy Inc 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: $80,038
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,836
For more financial information, click here
Official website here: www.financiallit.org
What is the mission statement of Institute For Financial Literacy Inc?
The Institute for Financial Literacy Inc's mission is centered around promoting effective financial education and counseling. They collaborate with various organizations nationwide, integrating financial education into their existing services. The institute relies on both individual and corporate financial support to achieve its mission. Since its inception, the Institute for Financial Literacy Inc has provided financial education, counseling, and information to over half a million consumers across the United States.
Official website here: www.financiallit.org
What is the revenue of Institute For Financial Literacy Inc?
Institute For Financial Literacy Inc's revenue in 2024 was $220,572.
Official website here: www.financiallit.org
Who are the executives of Institute For Financial Literacy Inc and what are their salaries?
The average compensation at Institute For Financial Literacy Inc during 2024 was $52,437. There are 2 employees and 1 volunteer at Institute For Financial Literacy Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $74,128
- Related: $0
- Other: $5,910
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.financiallit.org
Where can I find the form 990 for Institute For Financial Literacy Inc?
Institute For Financial Literacy Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.financiallit.org
Learn more at the official website: www.financiallit.org
Mission Statement of Institute For Financial Literacy Inc
The Institute for Financial Literacy Inc is committed to promoting effective financial education and counseling. This nonprofit organization collaborates with various organizations nationwide to integrate financial education into their existing services. The Institute's mission relies on both individual and corporate financial support to achieve its objectives. Since its inception, the Institute has made significant strides in providing financial education, counseling, and relevant information to over half a million consumers across the country.
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Impact
October, 2024
Institute For Financial Literacy Inc significantly enhances the financial well-being of individuals across the country by promoting effective financial education and counseling. It collaborates with various organizations to integrate financial education into their services, ensuring that a wider audience benefits from enhanced financial literacy. With a reach of over 500,000 consumers nationwide, the Institute equips individuals with the knowledge and skills necessary to make informed financial decisions.
One of the key components of its impact is the Annual Conference on Financial Education, which serves as a vital platform for professional development among financial literacy educators. This event not only fosters networking opportunities but also provides access to the latest trends and best practices in financial education. By continuously advancing the cause of financial literacy, the Institute plays a crucial role in building a financially informed society that can navigate the complexities of personal finance.
This information is meant to be a general summary of Institute For Financial Literacy Inc. 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.
- Investment Income: $11,968
- Program Service Revenue: $203,363
- Gross Receipts: $220,572
Assets and Liabilities:
- Total Assets: $475,167
- Total Liabilities: $22,752
- Net Assets: $452,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$169,794
FIN'L LITERACY CONFERENCE
Revenue
$33,569
Organization Details
Founding Year
2002
Principal Officer
Rachel Gordon
Website
www.financiallit.orgNTEE Category
Code: P51 - Human services
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