Overview
What is Financial Beginnings Washington?
Financial Beginnings Washington is a nonprofit organization located in Tukwila, Washington. Their primary mission is to enhance the financial literacy and capability of the state's youth and adults, thereby reducing financial uncertainty and expanding opportunities such as homeownership, higher education, and secure retirement. They achieve this by promoting self-sufficiency through proactive financial improvement, supporting underbanked individuals in accessing financial services, delivering age-appropriate financial education that surpasses state standards, and boosting financial resilience among underserved populations. The organization also aims to foster communities where the need for financial education is recognized, with all sectors collaborating towards improved financial literacy. With a team of three dedicated individuals, Financial Beginnings Washington strives to equip individuals with the necessary financial skills to take charge of their financial futures.
Official website here: www.finbegwa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Financial Beginnings Washington has achieved an impressive 97% score, earning a Four-Star rating from Charity Navigator, which highlights its strong accountability and financial practices. This rating is derived entirely from its exemplary performance in the Accountability & Finance beacon, indicating that the organization maintains robust governance and transparency standards.
The nonprofit demonstrates strong leadership, with a 100% independent board comprised of four members. Financial Beginnings Washington has shown that it effectively manages its resources, as evidenced by a low liabilities to assets ratio of 6.98% and a high program expense ratio of 72.38%. These figures suggest that a significant portion of its budget is directed toward its programs, which is a positive indicator of its commitment to fulfilling its mission.
While the data showcases numerous strengths, there are no noted limitations in the feedback. Overall, Financial Beginnings Washington stands out as a reputable organization dedicated to financial education, with sound financial management and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Financial Beginnings Washington legitimate?
Financial Beginnings Washington is a legitimate nonprofit organization registered as a 501(c)(3) entity. Financial Beginnings Washington 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: $113,101
Professional Fundraising Fees: $25,057
Other Salaries and Wages: $96,988
For more financial information, click here
Official website here: www.finbegwa.org
What is the mission statement of Financial Beginnings Washington?
Financial Beginnings Washington's mission is centered around empowering both youth and adults to manage their financial futures independently. By enhancing financial literacy, individuals can reduce financial uncertainty and gain access to opportunities such as homeownership, higher education, and secure retirement. The organization works towards promoting self-sufficiency by teaching proactive financial management skills. It also supports underbanked individuals in accessing and utilizing financial services. Financial Beginnings Washington provides age-appropriate financial education that meets or exceeds state standards, aiming to boost financial resilience among underserved populations. The organization strives to create communities that recognize the importance of financial education, encouraging collaboration towards increased financial literacy.
Official website here: www.finbegwa.org
Who is the CEO of Financial Beginnings Washington?
Sarah Schilz is the Executive Director of Financial Beginnings Washington.
Official website here: www.finbegwa.org
What is the revenue of Financial Beginnings Washington?
Financial Beginnings Washington's revenue in 2022 was $477,708.
Official website here: www.finbegwa.org
Who are the executives of Financial Beginnings Washington and what are their salaries?
The average compensation at Financial Beginnings Washington during 2022 was $70,030. There are 3 employees and 200 volunteers at Financial Beginnings Washington.
Here are 6 key members and their salaries:
- Compensation: $112,782
- Related: $0
- Other: $2,302
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.finbegwa.org
Where can I find the form 990 for Financial Beginnings Washington?
Financial Beginnings Washington's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.finbegwa.org
Learn more at the official website: www.finbegwa.org
Mission Statement of Financial Beginnings Washington
Financial Beginnings Washington, a nonprofit organization, is dedicated to empowering both youth and adults in the state to gain command over their financial futures. By teaching individuals how to proactively enhance their financial health, the organization aims to promote self-sufficiency. This is done by providing age-appropriate financial education that surpasses the standards set by the state. Furthermore, Financial Beginnings Washington supports underbanked individuals in gaining access to and participating in financial services. The ultimate goal is to increase financial literacy within communities, fostering resilience among underserved populations and expanding life opportunities such as homeownership, higher education, and secure retirement. The organization also works towards enhancing financial resilience among these populations, ensuring that they can weather financial challenges with confidence.
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Impact
July, 2024
Financial Beginnings Washington's impact can be seen in the increased financial capability of youth and adults in our state. By providing age-appropriate financial education that meets or exceeds state-specific standards, Financial Beginnings Washington promotes self-sufficiency and empowers individuals to proactively improve their financial health. This leads to less financial uncertainty and opens up opportunities such as home ownership, higher education, and secure retirement. Additionally, the organization works to support underbanked individuals in accessing and participating in financial services, enhance financial resilience among underserved populations, and create communities where the need for financial education is recognized and addressed collaboratively across all sectors.
This information is meant to be a general summary of Financial Beginnings Washington. 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.
- Investment Income: $327
- Gross Receipts: $477,708
Assets and Liabilities:
- Total Assets: $306,176
- Total Liabilities: $15,920
- Net Assets: $290,256
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Organization Details
Founding Year
2017
Principal Officer
Sarah Schilz
Main Address
PO Box 58032, Tukwila, WA, 98138
Website
www.finbegwa.orgNTEE Category
Code: B99 - Education
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