Financial Education Associates Inc
- Assets
- $121.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 11-3795547
Organization Overview
Financial Education Associates Inc is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Financial Education Associates Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Financial Education Associates Inc generated $180.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 41.2% each year . All expenses for the organization totaled $144.1k during the year ending 12/2021. While expenses have increased by 26.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE HOME BUYER AND FINANCIAL EDUCATION CLASSES (SERVICES) TO INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Cooper Executive Director | 40 | $64,000 | |
Leslie Sammon Former Clerk | 1 | $0 | |
Angelo S Nuby Board Member | 1 | $0 | |
Isabel S Cruz Clerk | 1 | $0 | |
Aida Franquiz President | 1 | $0 | |
Michelle Meiser Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,500 |
| Total Program Service Revenue | $172,477 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $179,977 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $103,444 |
| Professional fees and other payments to independent contractors | $14,565 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $932 |
| Other expenses | $25,131 |
| Total expenses | $144,072 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,707 |
| Other assets | $0 |
| Total assets | $121,017 |
| Total liabilities | $16,219 |
| Net assets or fund balances | $104,798 |
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