Financial Empowerment Network
- Assets
- $94.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-2691437
Organization Overview
Financial Empowerment Network is located in Bellevue, WA. The organization was established in 2018. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Financial Empowerment Network 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 Empowerment Network generated $186.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $150.2k during the year ending 12/2021. While expenses have increased by 17.8% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Quiroz Executive Dir. | 40 | $36,577 | |
John Kim President | 3 | $0 | |
Michael Dotson Treasurer | 3 | $0 | |
Grace Adriano Secretary | 3 | $0 | |
Jamie Kaku Director | 0 | $0 | |
Rishabh Jain Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,208 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $186,208 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,528 |
| Professional fees and other payments to independent contractors | $95,722 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,961 |
| Total expenses | $150,211 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,462 |
| Other assets | $0 |
| Total assets | $94,462 |
| Total liabilities | $22 |
| Net assets or fund balances | $94,440 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Financial Empowerment Network has recieved totaling $32,500.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Health Plan Of Washington Oakland, CA PURPOSE: Financial Empowerment Integration For Financial He | $25,000 |
Credit Unions In The State Of Washington Tukwila, WA PURPOSE: DONATION | $5,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Credit Union San Jose, CA | $4,123,158,923 | $173,209,130 |
Credit Unions In The State Of California San Diego, CA | $3,476,522,108 | $114,723,458 |
Premier America Credit Union Chatsworth, CA | $3,406,612,540 | $107,505,968 |
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Altura Credit Union Riverside, CA | $2,322,631,067 | $106,884,732 |
Credit Unions In The State Of Washington Olympia, WA | $2,172,440,238 | $102,241,429 |
Credit Unions In The State Of Washington Tacoma, WA | $2,549,084,611 | $105,611,575 |
Moon Lake Electric Association Inc Roosevelt, UT | $157,473,371 | $84,270,268 |
Greater Nevada Credit Union Carson City, NV | $1,614,964,186 | $96,680,282 |
Chan Zuckerberg Initiative Advocacy Palo Alto, CA | $150,347,218 | $75,197,628 |
Tides Advocacy San Francisco, CA | $54,536,746 | $78,496,610 |
High Plains Power Inc Riverton, WY | $149,704,644 | $74,809,988 |