Family Financial Education Foundation

Organization Overview

Family Financial Education Foundation is located in Evanston, WY. The organization was established in 1998. 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 12/2021, Family Financial Education Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Financial Education Foundation 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, Family Financial Education Foundation generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF FAMILY FINANCIAL EDUCATION FOUNDATION FFEF IS TO STRENGTHEN AND SUPPORT LOW TO MODERATE INCOME INDIVIDUALS, FAMILIES, AND COMMUNITIES BY TEACHING THEM HOW TO APPLY SOUND MONEY MANAGEMENT SKILLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EACH MONTH CLIENTS HAVE ACCESS TO A MONTHLY NEWSLETTER THAT INCLUDES TIMELY TOPICS. WEEKLY FINANCIAL ARTICLES AND TIPS ARE ALSO POSTED TO THE SOCIAL MEDIA SITES PROVIDING ADDITIONAL EDUCATION THROUGHOUT THE MONTH. NEWS LETTERS INCLUDE NEW YEAR GOAL - UP YOUR FINANCIAL GAME, CHOICE NOT CHANCE DETERMINES SUCCESS, IMPROVING YOUR CAREER, CARING FOR ELDERLY PARENTS AND DISABLED INDIVIDUALS, TIPS FOR RENTERS IN TODAYS MARKET, KNOW THE DIFFERENCE IN EMPLOYMENT SERVICES FIRMS, 12 IDEAS FOR WINNING THE SAVINGS GAME, INVEST TODAY TO IMPROVE TOMORROW, ESTABLISH MAINTAIN A SAVINGS PLAN, THE QUALITY OF LIFE VS. THE QUANTITY OF THINGS, WHAT IS A CREDIT SCORE, HOLIDAYS SIMLIFY THE SEASON.


DEBT MANAGEMENT, THIS PROGRAM IS FOR PEOPLE WHO CAN NO LONGER AFFORD TO MAKE THEIR MINIMUM MONTHLY PAYMENTS TO CREDITORS. THE FFEF DEBT MANAGEMENT PROGRAM CAN PROVIDE MUCH-NEEDED RELIEF AND HELP PEOPLE WORK THEIR WAY BACK TO BEING FINANCIALLY STABLE. FFEF COMPLETES A FULL BUDGET ANALYSIS OF THE CLIENTS CURRENT FINANCIAL SITUATION AND DETERMINES A TIMELINE FOR PAYING OFF THE DEBT. PROPOSALS ARE SENT TO THEIR CREDITORS TO NEGOTIATE LOWER INTEREST RATES AND LOWER MONTHLY PAYMENT AMOUNTS. ALTHOUGH MANY CREDITORS WILL LOWER THEIR INTEREST RATES, SOME MAY NOT. FFEF ALSO WORKS TO HAVE ACCOUNTS RE-AGED OR BROUGHT CURRENT. AS BALANCES ARE PAID IN FULL, THE PAMENT ROLLS UP TO THE CREDITOR WITH THE NEXT SMALLEST BALANCE. THIS SHORTENS THE TIME A PERSON IS IN DEBT AND DECREASES THE AMOUNT OF MONEY HE WILL PAY BEFORE HE IS DEBT FREE.


CREDIT SCORE REVIEW/MY CREDIT PLAN, PROVIDES A QUALITY 3-IN-1 CREDIT REPORT WITH FICO SCORES FROM EQUIFAX, EXPERIAN, AND TRANSUNION. THIS IS THE SAME REPORT USED BY MORTGAGE COMPANIES, BANKS, AND OTHER LENDERS. THIS REVIEW WILL TEACH CLIENTS HOW TO IMPROVE THEIR CREDIT SCORE AND HOW TO DISPUTE ANY ERRORS. ONE OF FFEFS CERTIFIED CREDIT REPORT REVIEWERS WILL COUNSEL AND GUIDE THE CLIENT LINE BY LINE THROUGH THE CREDIT REPORT TO ANSWER ANY QUESTIONS AND ADDRESS ANY CONCERNS. THIS IS NOT CREDIT REPAIR.


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Board, Officers & Key Employees

Name (title)Compensation
William R Cluny
President CEO
$0
John C Phillips
Director
$0
Craig Welling
Director
$0
Donald R Frakes
Director
$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$645,429
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$645,429
Total Program Service Revenue$544,943
Investment income $156,155
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 $1,346,527

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