Financial Reality Foundation
- Assets
- $156.8k
- Revenue
- $10.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-1715028
Organization Overview
Financial Reality Foundation is located in Anchorage, AK. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Financial Reality 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, Financial Reality Foundation generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (42.5%) each year. All expenses for the organization totaled $45.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELPED YOUNG ADULTS ACHIEVE THEIR FINANCIAL GOALS, BY CONTRIBUTING FINANCIAL RELATED MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Ballard Director | 1 | $0 | |
Geoff Lundfelt Director | 1 | $0 | |
Helen Mickel Director | 1 | $0 | |
Jodie Mccarty Director | 1 | $0 | |
Ed Gravley Vice Chair | 1 | $0 | |
Sandi Riggs Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $332 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $38,130 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,972 |
| Total operating and administrative expenses | $45,068 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $45,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,582 |
| Savings and temporary cash investments | $57,858 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,409 |
| Total assets | $156,849 |
| Accounts payable and accrued expenses | $7,243 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | -$10 |
| Total liabilities | $7,233 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Financial Reality Foundation has recieved totaling $88,393.
| Awarding Organization | Amount |
|---|---|
The Valley Hospital Association Inc Wasilla, AK PURPOSE: PROGRAM SUPPORT/SPONSORSHIP | $88,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goosefoot Community Fund A Not For Profit Corporation Langley, WA | $15,049,797 | $1,759,976 |
Gary E Milgard Family Foundation-Sunshine Tacoma, WA | $39,754,398 | $1,591,645 |
Living Computer Museum Seattle, WA | $173,675 | $23 |
Angela J Bowen Conservancy Foundation Olympia, WA | $45,832,663 | $49,138,134 |
Young Family Foundation Brush Prairie, WA | $0 | $12,804 |
Beeks Family Legacy Foundation Seattle, WA | $2,343,924 | $104,974 |
Peter R Marsh Foundation Camas, WA | $6,890,319 | $2,479,002 |
David And Minnie Meyerson Monroe, WA | $1,249,533 | -$4,101 |
The Steve Nash Foundation Anchorage, AK | $860,798 | $414,746 |
Bert E Hocking Jr And Sherry E Hocking Family Foundation Friday Harbor, WA | $2,656 | $190,390 |
Fish 153 Foundation Seattle, WA | $45,457 | $61,100 |
The Soos Creek Botanical Garden Foundation Auburn, WA | $407,989 | $92,338 |