Financial Literacy International Inc
- Assets
- $164.7k
- Revenue
- $728.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Hollidaysburg, PA
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-3407325
Organization Overview
Financial Literacy International Inc is located in Hollidaysburg, PA. The organization was established in 2015. 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 Literacy International 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 12/2023, Financial Literacy International Inc generated $728.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $651.4k during the year ending 12/2023. While expenses have increased by 23.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FLI IS A NON-PROFIT ORGANIZATION WHICH SEEKS TO ERADICATE CHRONIC POVERTY AND INTRODUCE EDUCATION TO THE UNDERPRIVILEGED CITIZENS OF DEVELOPING COUNTRIES, WITH AN EMPHASIS ON BANGLADESH. FLI PROVIDES ITS SERVICES WITHOUT CHARGE, AND IT RELIES ON CONTRIBUTIONS FROM DONORS TO
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLI OVERSEES THE OPERATION OF A MEDICAL CLINIC LOCATED NEAR A LARGE ROHINGYA REFUGEE CAMP IN BANGLADESH. QUALITY MEDICAL SERVICES ARE PROVIDED TO THOSE IN NEED OF TREATMENT FOR VARIOUS PHYSICAL CONDITIONS. THE CLINIC HAS A PHARMACY WHICH DISPENSES NEEDED MEDICINES. THE CLINIC TREATS THOUSANDS OF PATIENTS EACH YEAR.
SALT PROGRAM - FLI OPERATES A MICRO-FINANCE PROGRAM WHICH CONCENTRATES ON ESTABLISHING SAVINGS GROUPS IN RURAL AREAS OF BANGLADESH. THESE GROUPS HELP VILLAGERS RISE OUT OF POVERTY BY PROVIDING FINANCIAL ECONOMIC TEACHING. FLI HAD SEVERAL HUNDRED SAVINGS GROUPS WITH THOUSANDS OF PARTICIPANTS DURING THE YEAR. THE PROGRAM ALSO ENCOMPASSES TEACHING GOOD AGRICULTURE PRACTICES TO IMPROVE CROP YIELDS.
MISSION PROJECTS - FLI CONDUCTS VARIOUS PROJECTS THROUGHOUT THE YEAR. PROJECTS INCLUDE LITERATURE DISTRIBUTION, MEDICAL ASSISTANCE, TEACHING ENGLISH AS A SECOND LANGUAGE, AND HUMANITARIAN EFFORTS DESIGNED TO PROVIDE FOR BASIC HUMAN NEEDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Sensenig At Large | Trustee | 2 | $0 |
Arnold Eby At Large | Trustee | 2 | $0 |
Tim Martin President | OfficerTrustee | 2 | $0 |
Clyde Zimmerman Treasurer | OfficerTrustee | 3.1 | $0 |
Lamar Rosenberry Secretary | OfficerTrustee | 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 | $730,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,378 |
| Total Program Service Revenue | $0 |
| Investment income | $741 |
| 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 | $728,430 |
| 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 | $14,578 |
| 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 | $6,000 |
| Other salaries and wages | $243,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,029 |
| Advertising and promotion | $0 |
| Office expenses | $26,845 |
| Information technology | $1,373 |
| Royalties | $0 |
| Occupancy | $62,652 |
| Travel | $110,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $466 |
| Insurance | $28 |
| All other expenses | $1,804 |
| Total functional expenses | $651,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,412 |
| Savings and temporary cash investments | $80,741 |
| 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 | $16,515 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,652 |
| Accounts payable and accrued expenses | $17,171 |
| 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 | $17,171 |
| Net assets without donor restrictions | $104,614 |
| Net assets with donor restrictions | $42,867 |
| 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 | $164,652 |