Overview
What is Nonprofit Financial Services?
Nonprofit Financial Services, located in San Antonio, Texas, is an organization devoted to strengthening communities by promoting financial education and empowerment. They conduct community workshops to educate taxpayers on various personal finance topics. Their mission is centered around fostering community development through financial literacy, aiming to empower individuals with the necessary financial skills. The nonprofit is staffed by a team of four dedicated individuals.
Official website here: www.nfscorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51%
Nonprofit Financial Services has received a One-Star out of Four Star rating from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. With an overall score of 51%, the organization struggles particularly in areas related to financial transparency, as it has not made its financial statements available. This lack of transparency raises concerns for potential donors regarding the organization's financial health and operational effectiveness.
Strengths for Nonprofit Financial Services include a strong independent board size, with three independent members fulfilling its governance requirements. Additionally, the organization has a good liabilities to assets ratio, reflecting a manageable financial obligation status. Policies regarding conflicts of interest and document retention are in place, which are positive indicators of governance practices.
However, the organization faces notable limitations, such as a low percentage of independent board members and the absence of a whistleblower policy. Moreover, essential financial documents like the tax form are missing from their website, which detracts from its accountability score and may deter potential supporters who prioritize transparency in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Nonprofit Financial Services legitimate?
Nonprofit Financial Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nonprofit Financial Services 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: $81,848
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,515
For more financial information, click here
Official website here: www.nfscorp.org
What is the mission statement of Nonprofit Financial Services?
Nonprofit Financial Services is committed to fostering a sense of community by delivering financial education and empowerment. Their mission is achieved through conducting community workshops that enlighten taxpayers on various personal finance topics. By providing this service, they aim to equip individuals with the necessary financial knowledge, ultimately empowering them to make informed decisions and improve their financial well-being.
Official website here: www.nfscorp.org
Who is the CEO of Nonprofit Financial Services?
Stephen Pennington is the Executive Director of Nonprofit Financial Services.
Official website here: www.nfscorp.org
What is the revenue of Nonprofit Financial Services?
Nonprofit Financial Services's revenue in 2021 was $577,173.
Official website here: www.nfscorp.org
Who are the executives of Nonprofit Financial Services and what are their salaries?
The average compensation at Nonprofit Financial Services during 2021 was $31,091. There are 4 employees and 40 volunteers at Nonprofit Financial Services.
Here are 3 key members and their salaries:
- Compensation: $12,000
- Related: $0
- Other: $6,000
- Compensation: $12,000
- Related: $0
- Other: $6,000
- Compensation: $22,800
- Related: $0
- Other: $25,256
Official website here: www.nfscorp.org
Where can I find the form 990 for Nonprofit Financial Services?
Nonprofit Financial Services's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.nfscorp.org
Learn more at the official website: www.nfscorp.org
Mission Statement of Nonprofit Financial Services
Nonprofit Financial Services, as its name suggests, is committed to fostering community engagement and empowerment through financial education. Their mission is to facilitate this goal by providing educational resources and opportunities in personal finance. By conducting community workshops, Nonprofit Financial Services aims to educate taxpayers on various financial topics, thereby empowering them to make informed decisions about their financial well-being. This mission is a testament to their dedication to enriching their community by equipping its members with the necessary financial skills.
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Impact
July, 2024
Nonprofit Financial Services in San Antonio, TX, is making a significant impact by building community through financial education and empowerment. Through community workshops focused on personal finance topics, this organization is equipping taxpayers with the knowledge and tools they need to make informed financial decisions. Their mission to empower individuals through financial education is creating a positive impact on the community and promoting financial literacy among residents.
This information is meant to be a general summary of Nonprofit Financial Services. 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 2021.
- Program Service Revenue: $85,788
- Gross Receipts: $577,173
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX SERVICES
Revenue
$85,559
BUSINESS STARTS HERE
Revenue
$229
Organization Details
Founding Year
2016
Phone
(210) 503-9829Principal Officer
Stephen Pennington
Main Address
8015 BANDERA RD, SAN ANTONIO, TX, 78250
Website
www.nfscorp.orgNTEE Category
Code: W99 - Public benefit
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