Center For Financial Education
- Assets
- $147.7k
- Revenue
- $199.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Sioux Center, IA
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 27-0000343
Organization Overview
Center For Financial Education is located in Sioux Center, IA. The organization was established in 2003. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, Center For Financial Education employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Financial Education 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, Center For Financial Education generated $199.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $171.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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
EDUCATE FAMILIES WHO ARE STRUGGLING WITH THEIR FINANCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE FAMILIES WHO ARE STRUGGLING WITH THEIR FINANCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Gotto Vice Preside | OfficerTrustee | 1 | $0 |
Dan Kraai Treasurer | OfficerTrustee | 1 | $0 |
Andrew Roelfs President | OfficerTrustee | 1 | $0 |
Janna Lammers Secretary | OfficerTrustee | 1 | $0 |
Sherri Bootsma Director | Trustee | 1 | $0 |
Kara Vander Hamm Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,236 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,858 |
| Total Program Service Revenue | $0 |
| Investment income | $51 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $110,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,301 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,205 |
| Pension plan accruals and contributions | $1,080 |
| Other employee benefits | $0 |
| Payroll taxes | $12,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $800 |
| Advertising and promotion | $1,668 |
| Office expenses | $3,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,335 |
| Travel | $4,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67 |
| Insurance | $3,584 |
| All other expenses | $972 |
| Total functional expenses | $171,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,178 |
| Savings and temporary cash investments | $87,627 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $34 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,811 |
| Total assets | $147,650 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,488 |
| Total liabilities | $2,488 |
| Net assets without donor restrictions | $145,162 |
| Net assets with donor restrictions | $0 |
| 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 | $147,650 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Center For Financial Education has recieved totaling $2,012.
| Awarding Organization | Amount |
|---|---|
The Vogel Foundation Orange City, IA PURPOSE: SUPPORT FINANCIAL COACHING SERVICES | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Empowerment Center Omaha, NE | $3,751,095 | $11,872,061 |
North Iowa Community Action Organization Mason City, IA | $4,791,194 | $9,251,857 |
Family Credit Counseling Service Inc Chicago, IL | $9,585,248 | $7,733,487 |
Familymeans Stillwater, MN | $14,787,567 | $4,858,760 |
Northwest Side Housing Center Chicago, IL | $2,986,371 | $4,446,523 |
Prepare And Prosper St Paul, MN | $2,509,288 | $2,156,071 |
Consumer Credit Of Des Moines Des Moines, IA | $2,361,855 | $1,382,576 |
Securefutures Foundation Inc Milwaukee, WI | $1,756,343 | $1,837,399 |
Credit Advisors Foundation Omaha, NE | $5,047,344 | $1,612,156 |
Moneythink Chicago, IL | $2,812,630 | $2,607,050 |
Allen Credit & Debt Counseling Agency Wolsey, SD | $408,689 | $1,340,879 |
Black Hills Childrens Ranch Inc Rapid City, SD | $795,827 | $1,321,713 |