Civic Intelligence

Fii - National

990 • Fiscal year 2017 • EIN 02-0784790

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 11, 2018

1201 Martin Luther King Way No 100Oakland, CA 94612

(510) 452-9341

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

78th percentile

19%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$243,474

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

96%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,438,251

Up $1,346,135 (+22%) from 2016

Net Assets

Up

$7,294,262

Up $1,464,879 (+25%) from 2016

Liabilities

Down

$143,989

Down $118,744 (-45%) from 2016

Revenue

Up

$7,521,269

Up $3,689,243 (+96%) from 2016

Expenses

Up

$6,056,390

Up $1,257,771 (+26%) from 2016

Net Income

Up

$1,464,879

Up $2,431,472 (+252%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2011: $2,867,385Liabilities 2011: $173,306Net Assets 2011: $2,694,0792011Assets 2012: $2,133,748Liabilities 2012: $100,372Net Assets 2012: $2,033,3762012Assets 2013: $4,155,824Liabilities 2013: $128,302Net Assets 2013: $4,027,5222013Assets 2014: $5,519,380Liabilities 2014: $88,535Net Assets 2014: $5,430,8452014Assets 2015: $6,889,630Liabilities 2015: $93,654Net Assets 2015: $6,795,9762015Assets 2016: $6,092,116Liabilities 2016: $262,733Net Assets 2016: $5,829,3832016Assets 2017: $7,438,251Liabilities 2017: $143,989Net Assets 2017: $7,294,2622017Assets 2018: $7,878,117Liabilities 2018: $194,736Net Assets 2018: $7,683,3812018Assets 2019: $14,392,023Liabilities 2019: $2,493,854Net Assets 2019: $11,898,1692019Assets 2020: $54,146,358Liabilities 2020: $7,127,991Net Assets 2020: $47,018,3672020Assets 2021: $80,240,308Liabilities 2021: $2,437,009Net Assets 2021: $77,803,2992021Assets 2022: $56,476,949Liabilities 2022: $4,737,639Net Assets 2022: $51,739,3102022Assets 2023: $45,161,924Liabilities 2023: $5,120,820Net Assets 2023: $40,041,1042023Assets 2024: $34,985,994Liabilities 2024: $1,660,550Net Assets 2024: $33,325,4442024

Highlighted filing

2017

Assets$7,438,251
Liabilities$143,989
Net Assets$7,294,262

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MRevenue 2011: $2,277,748Expenses 2011: $2,082,945Net Income 2011: $194,8032011Revenue 2012: $1,743,849Expenses 2012: $2,404,552Net Income 2012: -$660,7032012Revenue 2013: $5,166,873Expenses 2013: $3,172,727Net Income 2013: $1,994,1462013Revenue 2014: $6,113,360Expenses 2014: $4,710,037Net Income 2014: $1,403,3232014Revenue 2015: $6,278,995Expenses 2015: $4,913,864Net Income 2015: $1,365,1312015Revenue 2016: $3,832,026Expenses 2016: $4,798,619Net Income 2016: -$966,5932016Revenue 2017: $7,521,269Expenses 2017: $6,056,390Net Income 2017: $1,464,8792017Revenue 2018: $7,398,317Expenses 2018: $7,009,198Net Income 2018: $389,1192018Revenue 2019: $11,419,149Expenses 2019: $7,204,361Net Income 2019: $4,214,7882019Revenue 2020: $172,762,647Expenses 2020: $137,642,449Net Income 2020: $35,120,1982020Revenue 2021: $76,416,139Expenses 2021: $45,631,207Net Income 2021: $30,784,9322021Revenue 2022: $18,412,733Expenses 2022: $42,063,585Net Income 2022: -$23,650,8522022Revenue 2023: $18,317,169Expenses 2023: $30,807,584Net Income 2023: -$12,490,4152023Revenue 2024: $19,229,843Expenses 2024: $26,267,043Net Income 2024: -$7,037,2002024

Highlighted filing

2017

Revenue$7,521,269
Expenses$6,056,390
Net Income$1,464,879
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 11, 2018
Return Version
2017v2.3
Gross Receipts
$7,621,109
Mission and Program Overview

Mission

The Family Independence Initiative is in the information business. We enable America to see the power and potential of low-income families, and enable families to come together, and access the resources they want to thrive. We seek to catalyze: A marketplace of opportunity and investment for low-income families in the US. A movement that transforms the stereotypes, practices, and policies that currently undermine families efforts to get ahead

We trust and invest in low-income families across the nation so they can work individually and collectively to achieve prosperity.we seek to catalyze:-a marketplace of opportunity and investment for low-income families in the us.-a movement that transforms the stereotypes, practices, and policies that currently undermine families' efforts to get ahead.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$4,352,001$3,770,488▼ $581,513
Cash and Non-Interest-Bearing Accounts$1,599,236$2,015,563▲ $416,327
Savings and Temporary Cash Investments-$1,512,690-
Accounts Receivable$121,628$100,991▼ $20,637
Prepaid Expenses and Deferred Charges$8,649$18,072▲ $9,423
Total Assets$6,092,116$7,438,251▲ $1,346,135
Other Assets Total$10,602$20,447▲ $9,845
Liabilities
Accounts Payable and Accrued Expenses$162,733$143,989▼ $18,744
Unsecured Notes Loans Payable$100,000--
Total Liabilities$262,733$143,989▼ $118,744
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,860,220$7,197,369▲ $1,337,149
Unrestricted Net Assets$-30,837$96,893▲ $127,730
Total Net Assets Fund Balance$5,829,383$7,294,262▲ $1,464,879
Total Liabilities and Net Assets / Fund Balance$6,092,116$7,438,251▲ $1,346,135
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mauricio Lim MillerPresidentFT$210,000$33,474$243,474
Jesus GerenaCEOFT$188,392$30,030$218,422
Jorge BlandonExecutive VPFT$175,000$27,895$202,895
Sharif Samer MasryChief Technology OfficerFT$169,940$27,088$197,028
David HendersonChief Data OfficerFT$146,907$23,417$170,324
Michelle ChaoBoard Secretary/treasurer and Vice PresidentFT$137,488$21,916$159,404
Michelle ChaoBoard Secretary/treasurer and Vice P-$137,488$21,916$159,404
Faridah InanlouDirector of PartnershipsFT$133,455$21,273$154,728
Ashley SherwinVP of External AffairsFT$129,400$20,626$150,026

Board Members and Trustees

NameTitle
John Tony MayerBoard Chair
Amina FahmyBoard Member
Clara MillerBoard Member
Diana SmithBoard Member
Jesse Casso JrBoard Member
Melinda MarbleBoard Member
Paula SneedBoard Member
Sameer SrivastavaBoard Member
Stephen P SchaibleBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$6,848,642
Program Service Revenue
$661,860
Investment Income
$-3,999
Other Revenue
$14,766
All Other Contributions
$6,848,642
Change in Net Assets
$1,464,879

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$99,841Fair Market Value (FMV)
Total Noncash Contributions1$99,841-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,521,269
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,521,269
Total Revenue per Form 990
$7,521,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,390,574
Grants and Similar Amounts Paid$2,333,610
Other Expenses$1,332,206
Total Fundraising Expense$560,669
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,333,610--$2,333,610
Other Salaries and Wages$601,789$364,724$272,526$1,239,039
Fees for Services Management$630,639-$117,321$747,960
Current Officers, Directors, Trustees, and Key Employees$664,791--$664,791
Other Employee Benefits$214,143$65,557$48,985$328,685
Travel$141,835$43,421$32,445$217,701
Occupancy$95,212$29,148$21,780$146,140
Payroll Taxes$68,282$41,383$30,922$140,587
Fees for Services Other$56,221$17,211$12,860$86,292
Other Expenses$44,506$13,900$10,386$68,792
Office Expenses$41,973$12,849$9,601$64,423
Pension Plan Contributions$8,486$5,143$3,843$17,472
Interest$898--$898
Total Functional Expenses$4,902,385$593,336$560,669$6,056,390

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,056,390
Total Expenses per Audited Statements$6,056,390
Total Expenses per Form 990$6,056,390
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of directors reviews form 990 in draft form before filing.

Form 990, Part VI, Section B, Line 15A

The board of directors and compensation committee review other non-profit organizations compensation amounts for comparative purposes and final approval is granted by the board and committee.

Form 990, Part VI, Section C, Line 19

Form 990 and other required disclosures are available upon request.

Filing and Contact Details

Filer

Filer Name
Fii - National
EIN
02-0784790
Phone
5104529341
Address
1201 MARTIN LUTHER KING WAY NO 100, OAKLAND, CA 94612
Doing Business As
Family Independence Initiative

Signing Officer

Name
Jesus Gerena
Title
CEO
Phone
5104529341
Signed
2018-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jesus Gerena
Formed
2006
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
9
Employees
20
Volunteers
5

Preparer

Firm
Armanino Llp
Address
12657 ALCOSTA BLVD STE 500, SAN RAMON, CA 94583-4600
Preparer
Katy Brown
Phone
9257902600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is a qualified organization exempt from federal income and california franchise taxes under the provisions of sections 501(c)(3) of the internal revenue code and 23701(d) of the california revenue and taxation code, respectively. The organization has evaluated its current tax positions and has concluded that as of december 31, 2017, it does not have any significant tax positions for which a reserve would be necessary.

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IRS990/ActivityOrMissionDesc0WE TRUST AND INVEST IN LOW-INCOME FAMILIES ACROSS THE NATION SO THEY CAN WORK INDIVIDUALLY AND COLLECTIVELY TO ACHIEVE PROSPERITY.WE SEEK TO CATALYZE:-A MARKETPLACE OF OPPORTUNITY AND INVESTMENT FOR LOW-INCOME FAMILIES IN THE US.-A MOVEMENT THAT TRANSFORMS THE STEREOTYPES, PRACTICES, AND POLICIES THAT CURRENTLY UNDERMINE FAMILIES' EFFORTS TO GET AHEAD.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD SECRETARY/TREASURER AND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF TECHNOLOGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF DATA OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIR. OF PARTNERSHIPS
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF EXTERNAL AFFAIRS
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IRS990/OtherExpensesGrp/Desc0DUES AND FEES
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05143
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0JESUS GERENA
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IRS990/RegularMonitoringEnfrcInd00
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0661860
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01512690
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03531205
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05166259
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01149
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0565
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0625
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0960868
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt014766
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IRS990ScheduleA/SubstantialContributorsTotAmt010216838
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06848642
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03531205
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06125638
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05979475
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05166259
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt027651219
IRS990ScheduleA/TotalSupportAmt027669970
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06056390
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE ORGANIZATION HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2017, IT DOES NOT HAVE ANY SIGNIFICANT TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY.
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FII'S GRANTS TO FAMILIES ARE MEANT TO BE USED AT EACH FAMILY'S DISCRETION. FII RECEIVES RECEIPTS FOR SOME OF THE DISBURSEMENTS BUT DOES NOT MONITOR THE USE OF GRANT FUNDS. AS PART OF OUR PARTNERSHIP WITH THE FAMILIES FII WORKS WITH, FII TRUSTS AND INVESTS IN LOW INCOME FAMILIES TO WORK INDIVIDUALLY AND COLLECTIVELY TOWARD PROSPERITY.
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt7129400

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$1.66$33.3$19.2$26.3$7.04
2023Detailed filing. Detailed filing data is available for this year.$45.2$5.12$40.0$18.3$30.8$12.5
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.5$4.74$51.7$18.4$42.1$23.7
2021Detailed filing. Detailed filing data is available for this year.$80.2$2.44$77.8$76.4$45.6$30.8
2020Detailed filing. Detailed filing data is available for this year.$54.1$7.13$47.0$173$138$35.1
2019Detailed filing. Detailed filing data is available for this year.$14.4$2.49$11.9$11.4$7.20$4.21
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.88$0.19$7.68$7.40$7.01$0.39
2017Detailed filing. Detailed filing data is available for this year.$7.44$0.14$7.29$7.52$6.06$1.46
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$0.26$5.83$3.83$4.80$0.97
2015Detailed filing. Detailed filing data is available for this year.$6.89$0.09$6.80$6.28$4.91$1.37
2014Detailed filing. Detailed filing data is available for this year.$5.52$0.09$5.43$6.11$4.71$1.40
2013Detailed filing. Detailed filing data is available for this year.$4.16$0.13$4.03$5.17$3.17$1.99
2012Summary only. Only limited summary data is available for this year.$2.13$0.10$2.03$1.74$2.40$0.66
2011Summary only. Only limited summary data is available for this year.$2.87$0.17$2.69$2.28$2.08$0.19
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $5M-$10M nonprofits

Oceanport, NJ

View Organization

Marillac Corp

501(c)3

Revenue$1,334,349
Assets$7,623,095

Revenue vs current organization

82% lower

Assets vs current organization

About the same