Bay Area Financial Education Foundation
- Assets
- $97.7k
- Revenue
- $176.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Occidental, CA
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 33-1163601
Organization Overview
Bay Area Financial Education Foundation is located in Occidental, CA. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Financial Education Foundation 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, Bay Area Financial Education Foundation generated $176.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $80.8k during the year ending 12/2021. While expenses have increased by 1.4% 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
OUR MISSION IS TO IMPROVE THE ECONOMIC EDUCATION AND FINANCIAL LITERACY OF BAY AREA YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL WOMEN'S DAY EVENT. HISTORICALLY, BAFEF HAS PRODUCED AN ANNUAL EVENT TO COINCIDE WITH INTERNATIONAL WOMEN'S DAY. THE EVENT IS A LUNCHEON AND WORKSHOP WHICH MATCHES WOMEN IN FINANCE WHO VOLUNTEER, WITH YOUNG FEMALE STUDENTS FROM UNDERSERVED BAY AREA HIGH SCHOOLS FOR AN AFTERNOON OF MENTORING. DUE TO COVID, THIS EVENT HAS BEEN POSTPONED. WE ARE EXCITED TO CONTINUE THE TRADITION IN FUTURE YEARS.
ANNUAL WINE TASTING EVENT. A FINANCIAL DISTRICT TRADITION SINCE 2001, THIS ANNUAL EVENT CONNECTS VOLUNTEERS AND SUPPORTERS WITH OUR PROGRAM PARTNERS AND LEADERSHIP FOR AN EVENING OF EDUCATION AND NETWORKING. SPONSORS FOR THE EVENT ARE SOLICITED FROM CORPORATIONS WHO SUPPORT FINANCIAL LITERACY INITIATIVES. IN 2020 AND 2021, THE EVENT WAS CANCELLED DUE TO COVID-19; A SPECIAL VIDEO UPDATE WAS OFFERED INSTEAD. WE LOOK FORWARD TO HOSTING THIS EVENT IN FUTURE YEARS.
IN 2021, BAFEF CONTINUED TO EXPAND ITS FINANCIAL LITERACY PROGRAM THROUGH STUDENT WORKSHOPS. TAUGHT BY CREDENTIALED VOLUNTEERS FROM THE FINANCIAL SERVICES INDUSTRY, THESE WORKSHOPS ARE OFFERED TO HIGH SCHOOL AND COLLEGE STUDENTS, PROVIDING THEM WITH THE BASICS OF PERSONAL FINANCE, WHICH IS CURRENTLY NOT PROVIDED THROUGH CALIFORNIA'S PUBLIC SCHOOL SYSTEM. OUR CLASSES ARE PROVIDED FOR FREE AND COVER TOPICS INCLUDING BUDGETING, CREDIT, PAYING FOR COLLEGE AND TAXES. BAFEF PRESENTED 76 WORKSHOPS IN 2021. WE FOCUS ON REACHING UNDERSERVED AND AT-RISK YOUTH.
BAFEF WORKS COLLABORATIVELY WITH AND SUPPPORTS OTHER ORGANIZATIONS WITH SIMILAR MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Marchetti Executive Director | Officer | 23 | $67,245 |
Cameron A Crisman CFA President | OfficerTrustee | 3 | $0 |
Salina Yeung Treasurer | OfficerTrustee | 3 | $0 |
Conrad Herrmann CFA Vice President & Secretary | OfficerTrustee | 2 | $0 |
Cynthia Flannigan CFP Director | Trustee | 2 | $0 |
Sharon Hayman CFA Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $176,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,088 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $176,112 |
| 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. | $67,245 |
| Compensation of current officers, directors, key employees. | $6,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,200 |
| Office expenses | $3,316 |
| Information technology | $1,243 |
| 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 | $0 |
| Interest | $9 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $80,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,710 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,710 |
| Accounts payable and accrued expenses | $80 |
| 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 | $0 |
| Total liabilities | $80 |
| Net assets without donor restrictions | $97,630 |
| 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 | $97,710 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bay Area Financial Education Foundation has recieved totaling $22,005.
| Awarding Organization | Amount |
|---|---|
Calvin K Kazanjian Economics Foundation Inc Scottsdale, AZ PURPOSE: SUPPORT STUDENT WORKSHOP PROGRAM | $21,000 |
The Fremont Group Foundation San Francisco, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S EFFORT TO IMPROVE THE ECONOMIC EDUCATION AND FINANCIAL LITERACY OF BAY AREA STUDENTS. | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Graduates San Francisco, CA | $3,883,649 | $11,314,485 |
New Tech Network Inc Napa, CA | $12,877,956 | $13,662,524 |
Oregon State University Bookstore Inc Corvallis, OR | $21,771,941 | $7,845,956 |
D-Veal Corporation Pasadena, CA | $1,060,148 | $8,616,279 |
Interfaith Food Center Santa Fe Springs, CA | $886,631 | $8,408,786 |
Educational Results Partnership Sacramento, CA | $3,391,130 | $3,866,159 |
Caremessage San Francisco, CA | $6,898,629 | $10,594,129 |
Core Districts Sacramento, CA | $6,393,095 | $5,685,377 |
Golden Oak Manor Inc San Rafael, CA | $6,249,784 | $2,003,606 |
Great Schools Oakland, CA | $7,609,862 | $7,265,817 |
Krishnamurti Foundation Of America Ojai, CA | $22,733,615 | $8,821,741 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |