Butterfly Financial Education
- Assets
- $40.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clayton, NC
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-3698508
Organization Overview
Butterfly Financial Education is located in Clayton, NC. 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. Butterfly 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 12/2022, Butterfly Financial Education generated $183.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $159.5k during the year ending 12/2022. While expenses have increased by 17.9% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDUCATE THE PUBLIC ON THE SOUND USE OF CONSUMER CREDIT AND PERSONAL FINANCE, BUDGETING SKILLS AND BUYING PRACTICES THROUGH COUNSELING, WEBSITE, WORKSHOPS AND VIDEOS, PROVIDE DEBT COUNSELING AND FINANCIAL EDUCATION. IN 2022, 8,480 PEOPLE WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Swope President | 40 | $45,000 | |
Susan Benton Clover Treasurer | 1 | $0 | |
Janet Fox Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $183,034 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,051 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $145,899 |
| Professional fees and other payments to independent contractors | $1,578 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $303 |
| Other expenses | $11,744 |
| Total expenses | $159,524 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,230 |
| Other assets | $0 |
| Total assets | $40,203 |
| Total liabilities | $2,349 |
| Net assets or fund balances | $37,854 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Credit Union Greeneville, TN | $557,161,210 | $15,832,085 |
Consumer Education Services Inc Raleigh, NC | $23,360,630 | $7,529,671 |
Housing Consultants Group Greensboro, NC | $1,106,215 | $2,683,425 |
Motley Fool Foundation Alexandria, VA | $13,206,539 | $15,812,396 |
Financial Pathways Of The Piedmont Inc Winstonsalem, NC | $1,642,751 | $1,849,365 |
Consumer Credit Counseling Service Of Western North Carolina Inc Asheville, NC | $2,015,987 | $1,072,793 |
Consumer Credit Insurance Association Rocky Mount, NC | $1,066,199 | $942,381 |
American Financial Education Alliance Charlotte, NC | $225,082 | $614,339 |
D&e A Financial Education And Training Institute Inc East Point, GA | $953,735 | $847,505 |
Level Up 700 Incorporated Atlanta, GA | $69,929 | $257,513 |
Consumer Credit Counseling Service Of The Savannah Area Inc Savannah, GA | $1,147,306 | $564,336 |
Increasing H O P E North Charleston, SC | $127,870 | $448,680 |