Delaware Financial Literacy Institute

Organization Overview

Delaware Financial Literacy Institute is located in Claymont, DE. The organization was established in 2001. 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 12/2017, Delaware Financial Literacy Institute employed 9 individuals. Delaware Financial Literacy Institute 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 12/2018, Delaware Financial Literacy Institute generated $386.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $495.6k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE FINANCIAL LITERACY EDUCATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

MONEY SCHOOL - A COMMUNITY BASED EFFORT TO PROVIDE FREE FINANCIAL EDUCATION TO DELAWAREANS ON TOPICS FROM BASIC BUDGETING TO INVESTING. THERE WERE 703 CLASSES OFFERED IN 2017. THE CLASSES ARE TAUGHT BY VOLUNTEERS.


MICRO BUSINESS INCUBATOR - A MIXED-USE INCUBATOR THAT WILL HOUSE AND PROVIDE RESOURCES FOR STARTUP AND EMERGING BUSINESSES.


PURSES TO PORTFOLIOS - A PROGRAM TO HELP WOMEN BETTER UNDERSTAND HOW TO MANAGE THEIR MONEY. THE PROGRAM PROVIDES ONGOING FINANCIAL EDUCATION AND THERE IS AN ANNUAL CELEBRATION EVENT AND AN ANNUAL "GIRLS NIGHT OUT" EVENT.


BANK AT SCHOOL - PROGRAM DEVELOPS ETHIC OF SAVING BY BRINGING "BANKING" TO 3 - 8 GRADE STUDENTS AT 80 SCHOOLS. BANKS COME INTO SCHOOLS WEEKLY TO ACCEPT DEPOSITS.


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Board, Officers & Key Employees

Name (title)Compensation
Ronni K Cohen
Executive Director
$97,185
Joel Schiller
President
$0
Terri Keene
Vice President
$0
Yvonne Saville
Secretary
$0
Renee Roberts
Treasurer
$0
Scott Bacon
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$347,040
Investment income $869
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $876
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $386,229

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Delaware Financial Literacy Institute has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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