Foundation For Financial Planning Inc
- Assets
- $26.2m
- Revenue
- $2.1m
- Investments
- $23.2m
- Employees
- 7
- Location
- Washington, DC
- Founding
- 08/1983
- Data as of
- 12/2022
- EIN
- 58-1446336
Organization Overview
Foundation For Financial Planning Inc is located in Washington, DC. The organization was established in 1983. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2022, Foundation For Financial Planning Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Financial Planning 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 12/2022, Foundation For Financial Planning Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 7.0% 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.
Since 2015, Foundation For Financial Planning Inc has awarded 109 individual grants totaling $3,167,418. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2, PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION FOR FINANCIAL PLANNING (FFP) IS THE NATION'S LEADING CHARITY DEDICATED TO ADVANCING PRO BONO FINANCIAL PLANNING FOR AT-RISK POPULATIONS, INCLUDING ACTIVE MILITARY MEMBERS AND WOUNDED VETERANS, PEOPLE WITH CANCER AND OTHER SERIOUS ILLNESS, SENIORS AND FAMILY CAREGIVERS, LOW-INCOME INDIVIDUALS AND FAMILIES, DOMESTIC VIOLENCE SURVIVORS AND MANY MORE. OVER ITS MORE THAN 25 YEARS, FFP HAS PROVIDED OVER 9 MILLION IN GRANTS TO NATIONAL AND COMMUNITY-BASED PRO BONO PROGRAMS; WORKED WITH PARTNERS TO ACTIVATE MORE THAN 27,000 FINANCIAL PLANNERS TO VOLUNTEER THEIR TIME AND TALENTS; REACHED OVER 715,000 PEOPLE IN CRISIS OR NEED; AND ACTED AS A LEADER AND CATALYST TO FOSTER A RICH TRADITION OF PRO BONO SERVICE ACROSS THE FINANCIAL PLANNING PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Dauphineesq CEO | OfficerTrustee | 40 | $368,040 |
Katherine Egan VP Of Dev. & | 40 | $158,960 | |
Rachel Roth Senior Direc | 40 | $145,172 | |
Jamie Grantham Operations D | $104,252 | ||
David Canter Trustee | Trustee | 0.5 | $0 |
Alexandra Armstrong CFP Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tri Net Group Human Resources | 12/30/16 | $542,220 |
Windsor Human Resources Human Resources | 12/30/16 | $249,498 |
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 | $1,538,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,538,150 |
| Total Program Service Revenue | $0 |
| Investment income | $608,746 |
| 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 | $2,147,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $418,250 |
| 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. | $379,078 |
| Compensation of current officers, directors, key employees. | $48,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $553,464 |
| Pension plan accruals and contributions | $80,786 |
| Other employee benefits | $0 |
| Payroll taxes | $63,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $196,767 |
| Advertising and promotion | $0 |
| Office expenses | $16,825 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,234 |
| Travel | $43,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,894 |
| Insurance | $18,485 |
| All other expenses | $0 |
| Total functional expenses | $1,830,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,660 |
| Savings and temporary cash investments | $2,003 |
| Pledges and grants receivable | $2,340,857 |
| 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 | $11,475 |
| Net Land, buildings, and equipment | $16,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,230,706 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,027 |
| Total assets | $26,181,813 |
| Accounts payable and accrued expenses | $116,666 |
| Grants payable | $507,000 |
| 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 | $20,488 |
| Total liabilities | $644,154 |
| Net assets without donor restrictions | $24,194,992 |
| Net assets with donor restrictions | $1,342,667 |
| 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 | $26,181,813 |
Grants Awarded
Over the last fiscal year, Foundation For Financial Planning Inc has awarded $417,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
3RD DECADE PURPOSE: OUTREACH | $20,000 |
BEDFORD STUYVESANT RESTORATION CORP PURPOSE: OUTREACH | $25,000 |
BRITEPATHS PURPOSE: OUTREACH | $35,000 |
CAPITAL AREA ASSET BUILDING CORP PURPOSE: OUTREACH | $10,000 |
CONSUMER BANKRUPTCY ASSISTANCEPROJECT PURPOSE: OUTREACH | $10,000 |
DEBTWAVE CREDIT COUNSELINGD/B/A SAN DIEGO FINANCIAL LITERACY PURPOSE: OUTRECH | $25,000 |