Overview
What is Family Financial Education Foundation?
The Family Financial Education Foundation, situated in Evanston, Wyoming, is a dedicated nonprofit organization committed to empowering low-to-moderate income individuals, families, and communities. Their primary mission is to equip them with practical money management skills. They achieve this through offering free customized financial education, counseling, and debt management programs. Each month, their clients receive a newsletter filled with timely financial topics, while weekly articles and tips are shared on social media platforms. Their services aim to assist individuals in making informed financial decisions, navigating various financial challenges, and planning for their future effectively.
Official website here: www.ffef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Family Financial Education Foundation has achieved a strong 96% score, indicating high marks in accountability and finance. This score is the result of a rigorous evaluation of their financial practices and governance, which is crucial for potential donors looking for transparency and responsible management of funds.
One of the organization's strengths is its commitment to maintaining a majority-independent board, which enhances its governance practices. Additionally, the foundation demonstrates effective financial oversight, as evidenced by its high ratings in areas such as financial statements and absence of material diversion of assets. Furthermore, the organization maintains comprehensive policies for conflict of interest, whistleblowing, and document retention, which contribute to its overall accountability.
While the foundation excels in various aspects of financial management, the evaluation reflects solely on its accountability and finance, with no indicators of programmatic impact or effectiveness mentioned. Therefore, while the financial health appears robust, potential supporters may want to consider additional information regarding the foundation's programmatic outcomes for a well-rounded perspective.
This AI summary has been generated from information found on Charity Navigator.
Is Family Financial Education Foundation legitimate?
Family Financial Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Financial Education Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $614,134
For more financial information, click here
Official website here: www.ffef.org
What is the mission statement of Family Financial Education Foundation?
The Family Financial Education Foundation's mission is centered around strengthening and supporting low to moderate income individuals, families, and communities. They achieve this by providing them with the essential tools for effective money management. This is done through offering free, customized financial education, counseling, and debt management programs, along with other related services. The foundation ensures ongoing education by delivering a monthly newsletter with timely topics, weekly financial articles, and tips via social media platforms.
Official website here: www.ffef.org
Who is the CEO of Family Financial Education Foundation?
William R Cluny is the Director of Family Financial Education Foundation. The CEO's salary of Family Financial Education Foundation is $0 and their total compensation is $0.
Official website here: www.ffef.org
What is the revenue of Family Financial Education Foundation?
Family Financial Education Foundation's revenue in 2022 was $553,833.
Official website here: www.ffef.org
Who are the executives of Family Financial Education Foundation and what are their salaries?
The average compensation at Family Financial Education Foundation during 2022 was $40,942. There are 15 employees at Family Financial Education Foundation.
Here are 4 key members and their salaries (Family Financial Education Foundation's CEO's salary is $0 and their total compensation is $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.ffef.org
Where can I find the form 990 for Family Financial Education Foundation?
Family Financial Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffef.org
Learn more at the official website: www.ffef.org
Mission Statement of Family Financial Education Foundation
The Family Financial Education Foundation (FFEF) is dedicated to bolstering the financial resilience of low to moderate income individuals, families, and communities. Their primary objective is to equip these groups with the essential skills necessary for managing their finances prudently. To achieve this mission, FFEF offers a range of complimentary services, including customized financial education, counseling, and debt management programs.
Throughout the month, FFEF clients gain access to a monthly newsletter, filled with pertinent financial topics. Furthermore, the organization shares weekly articles and financial tips on their social media platforms, providing ongoing education and support to their clients. Some of the topics covered in these newsletters and articles include keeping money secure during the holiday season, understanding paycheck deductions, making wise investment choices, and coping with high gasoline prices.
By offering these educational resources, the Family Financial Education Foundation aims to empower its clients to make informed financial decisions, ultimately improving their financial stability and well-being.
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Impact
July, 2024
Family Financial Education Foundation's impact can be seen in the lives of low to moderate income individuals, families, and communities who have been empowered with sound money management skills. Through free customized financial education, counseling, debt management programs, and other related services, FFEF is helping its clients make informed financial decisions and improve their financial well-being. The organization's monthly newsletters and weekly financial articles provide ongoing education and support, covering topics such as budgeting, investment choices, managing household records, and avoiding financial scams. By equipping individuals with the tools and knowledge they need to navigate their finances successfully, Family Financial Education Foundation is making a tangible difference in the financial stability of those it serves in Evanston, WY.
This information is meant to be a general summary of Family Financial Education Foundation. 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: -$184,859
- Program Service Revenue: $423,806
- Gross Receipts: $553,833
Assets and Liabilities:
- Total Assets: $2,515,876
- Total Liabilities: $979,240
- Net Assets: $1,536,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Monthly Program Fees
Revenue
$423,806
Organization Details
Founding Year
1997
Phone
(307) 789-2010Principal Officer
William R Cluny
Main Address
724 FRONT STREET APT 340, EVANSTON, WY, 82930
Website
www.ffef.orgNTEE Category
Code: P51 - Human services
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