Community Financial Resources
- Assets
- $2.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Oakland, CA
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-3788598
Organization Overview
Community Financial Resources is located in Oakland, CA. The organization was established in 2006. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Community Financial Resources employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Financial Resources 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, Community Financial Resources generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $610.4k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CFR PROVIDES RESEARCH, EDUCATION, PROGRAM DEVELOPMENT AND TECHNICAL ASSISTANCE FOR NON-PROFIT ORGANIZATIONS AND THEIR LOW-INCOME CONSTITUENTS ON FINANCIAL LITERACY, MONEY MANAGEMENT, AND ACCESSING AND EFFECTIVELY USING LOW-COST FINANCIAL PRODUCTS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CFR PROVIDES RESEARCH, EDUCATION, PROGRAM DEVELOPMENT AND TECHNICAL ASSISTANCE FOR NON-PROFIT ORGANIZATIONS AND THEIR LOW-INCOME CONSTITUENTS ON FINANCIAL LITERACY, MONEY MANAGEMENT, AND ACCESSING AND EFFECTIVELY USING LOW-COST FINANCIAL PRODUCTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Parisa Esmaili Executive Dir. | OfficerTrustee | 40 | $99,087 |
David Derryck President | OfficerTrustee | 2 | $0 |
Pat Krackov Secretary | OfficerTrustee | 1 | $0 |
Kendall Baker Treasurer | OfficerTrustee | 1 | $0 |
Lauren Leimbach Director | Trustee | 1 | $0 |
Craig Crockett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $179,791 |
| All other contributions, gifts, grants, and similar amounts not included above | $742,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $937,314 |
| Total Program Service Revenue | $143,442 |
| Investment income | $699 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,081,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,087 |
| Compensation of current officers, directors, key employees. | $13,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,837 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,930 |
| Payroll taxes | $31,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,496 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,596 |
| Advertising and promotion | $0 |
| Office expenses | $19,979 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $863 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,387 |
| Insurance | $2,493 |
| All other expenses | $0 |
| Total functional expenses | $610,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,087 |
| Savings and temporary cash investments | $1,902,906 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $20,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,934 |
| Total assets | $2,244,182 |
| Accounts payable and accrued expenses | $35,218 |
| Grants payable | $908,695 |
| Deferred revenue | $88,122 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,032,035 |
| Net assets without donor restrictions | $767,147 |
| Net assets with donor restrictions | $445,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,244,182 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Community Financial Resources has recieved totaling $1,601,524.
| Awarding Organization | Amount |
|---|---|
The Lieberman Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $699,268 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF FINANCIAL HEALTH | $450,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF FINANCIAL HEALTH | $300,000 |
S H Cowell Foundation San Francisco, CA PURPOSE: TO PARTNER WITH COMMUNITY-BASED ORGANIZATIONS IN SOUTHSIDE RICHMOND AND DELIVER A PROGRAM OF FINANCIAL EDUCATION AND SUPPORT FOR RESIDENTS AND FAMILIES TO ACCESS BANKING SERVICES, BUILD CREDIT, AND INCREASE SAVINGS. | $75,000 |
Stupski Foundation San Francisco, CA PURPOSE: TO PROVIDE EMERGENCY CASH ASSISTANCE TO UNDOCUMENTED STUDENTS AS A FORM OF INCENTIVE FOR LEGAL INTAKE SERVICES IN PARTNERSHIP WITH THE IMMIGRANTS RISING PROJECT OF COMMUNITY INITIATIVES. | $62,256 |
Comerica Charitable Foundation Detroit, MI PURPOSE: REBUILDING FROM COVID | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Forward USA Action Palo Alto, CA | $3,267,542 | $13,185,535 |
National Assn Of Latino Elected Officials Naleo Education Fund Los Angeles, CA | $12,943,272 | $12,556,474 |
Barry Goldwater Institute For Public Policy Research Phoenix, AZ | $12,275,387 | $6,173,408 |
Independent Institute Oakland, CA | $9,389,150 | $4,554,919 |
Hawaii Health Information Exchange Honolulu, HI | $1,431,144 | $3,117,327 |
Neighbors For A Better San Francisco San Rafael, CA | $447,090 | $1,822,159 |
East Bay Alliance For A Sustainable Economy Oakland, CA | $3,976,176 | $2,906,453 |
Livable City San Francisco, CA | $814,657 | $1,275,639 |
Grassroot Institute Of Hawaii Inc Honolulu, HI | $448,367 | $1,217,027 |
Zebras Unite Portland, OR | $2,148,689 | $2,812,826 |
Community Financial Resources Oakland, CA | $2,244,182 | $1,081,485 |
Oregon Rural Action Inc La Grande, OR | $863,060 | $1,104,385 |