Civic Intelligence

Financial Beginnings

990 • Fiscal year 2020 • EIN 20-3530960

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

6443 SW Beaverton Hillsdale HwyPortland, OR 97221

(800) 406-1876

Siviq Scores

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

Liabilities / Assets

66th percentile

0.24x

Higher debt load relative to assets than 66% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

49th percentile

0.13x

Higher debt load relative to revenue than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$140,581

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

97th percentile

239%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

113%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$589,851

Up $415,837 (+239%) from 2019

Net Assets

Up

$445,860

Up $313,077 (+236%) from 2019

Liabilities

Up

$143,991

Up $102,760 (+249%) from 2019

Revenue

Up

$1,080,917

Up $574,347 (+113%) from 2019

Expenses

Up

$767,840

Up $185,181 (+32%) from 2019

Net Income

Up

$313,077

Up $389,166 (+511%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2012: $67,620Liabilities 2012: $6,0502012Assets 2013: $98,476Liabilities 2013: $7,745Net Assets 2013: $90,7312013Assets 2014: $142,100Liabilities 2014: $18,731Net Assets 2014: $123,3692014Assets 2015: $237,653Liabilities 2015: $23,391Net Assets 2015: $214,2622015Assets 2016: $293,441Liabilities 2016: $15,684Net Assets 2016: $277,7572016Assets 2017: $559,704Liabilities 2017: $69,691Net Assets 2017: $490,0132017Assets 2018: $239,526Liabilities 2018: $30,654Net Assets 2018: $208,8722018Assets 2019: $174,014Liabilities 2019: $41,231Net Assets 2019: $132,7832019Assets 2020: $589,851Liabilities 2020: $143,991Net Assets 2020: $445,8602020Assets 2021: $300,011Liabilities 2021: $84,956Net Assets 2021: $215,0552021Assets 2022: $67,187Liabilities 2022: $70,757Net Assets 2022: -$3,5702022Assets 2023: $892,367Liabilities 2023: $148,250Net Assets 2023: $744,1172023Assets 2024: $1,230,464Liabilities 2024: $216,216Net Assets 2024: $1,014,2482024

Highlighted filing

2020

Assets$589,851
Liabilities$143,991
Net Assets$445,860

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2012: $188,738Expenses 2012: $157,831Net Income 2012: $30,9072012Expenses 2013: $226,8582013Revenue 2014: $342,024Expenses 2014: $309,386Net Income 2014: $32,6382014Revenue 2015: $572,036Expenses 2015: $481,143Net Income 2015: $90,8932015Revenue 2016: $653,493Expenses 2016: $589,998Net Income 2016: $63,4952016Revenue 2017: $952,741Expenses 2017: $740,485Net Income 2017: $212,2562017Revenue 2018: $521,697Expenses 2018: $559,375Net Income 2018: -$37,6782018Revenue 2019: $506,570Expenses 2019: $582,659Net Income 2019: -$76,0892019Revenue 2020: $1,080,917Expenses 2020: $767,840Net Income 2020: $313,0772020Revenue 2021: $690,120Expenses 2021: $920,925Net Income 2021: -$230,8052021Revenue 2022: $739,533Expenses 2022: $958,158Net Income 2022: -$218,6252022Revenue 2023: $1,855,588Expenses 2023: $1,107,901Net Income 2023: $747,6872023Revenue 2024: $1,238,981Expenses 2024: $1,553,324Net Income 2024: -$314,3432024

Highlighted filing

2020

Revenue$1,080,917
Expenses$767,840
Net Income$313,077
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.0
Gross Receipts
$1,080,917
Mission and Program Overview

Mission

Financial beginnings empowers youth and adults to take control of their financial future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,458$448,143▲ $376,685
Pledges and Grants Receivable-$105,000-
Accounts Receivable$99,643$27,214▼ $72,429
Prepaid Expenses and Deferred Charges$1,134$8,160▲ $7,026
Land, Buildings, and Equipment, Net$1,779$1,334▼ $445
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$174,014$589,851▲ $415,837
Other Assets Total-$0-
Liabilities
Other Liabilities$37,000$136,733▲ $99,733
Accounts Payable and Accrued Expenses$4,231$7,258▲ $3,027
Total Liabilities$41,231$143,991▲ $102,760
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$132,783$445,860▲ $313,077
Total Net Assets Fund Balance$132,783$445,860▲ $313,077
Total Liabilities and Net Assets / Fund Balance$174,014$589,851▲ $415,837

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,334$1,777$3,111
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melody BellCEOFT$133,190$7,391$140,581

Board Members and Trustees

NameTitle
Casey BoggsChair
Catherin MartinVice Chair
Amanda LangBoard Member
Michael FisherBoard Member
James ChenChief Adv Ofcr
Heidi SextonSecretary
Don RuggTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$850,776
Program Service Revenue
$224,245
Investment Income
$5,896
Other Revenue
$0
All Other Contributions
$850,776
Change in Net Assets
$313,077

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,080,917
Revenue Not Reported on Form 990
$9,828
Total Revenue per Audited Statements
$1,090,745
Total Revenue per Form 990
$1,080,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$571,093
Other Expenses$196,747
Total Fundraising Expense$158,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$240,960$26,185$34,210$301,355
Current Officers, Directors, Trustees, and Key Employees$101,363$18,187$60,179$179,729
Payroll Taxes$28,308$5,298$7,388$40,994
Fees for Services Other$4,943$3,442$30,175$38,560
Information Technology$21,600$797$4,925$27,322
Other Employee Benefits$17,357$8,052$1,828$27,237
Pension Plan Contributions$13,930$4,133$3,715$21,778
Advertising$3,075$410$9,731$13,216
Occupancy$8,204$1,992$2,735$12,931
Travel$10,817$1,532$445$12,794
Office Expenses$4,287$7,006$1,489$12,782
Fees for Services Accounting-$5,200-$5,200
Insurance$853$1,680$97$2,630
Fees for Services Legal$1,768--$1,768
Other Expenses$526$3,191$988$1,514
Depreciation Depletion$321$39$84$444
Total Functional Expenses$522,108$87,144$158,588$767,840

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$777,668
Expenses per Audited Statements$767,840
Total Expenses per Form 990$767,840
Expenses Not Reported on Form 990$9,828
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan Payable$83,600
Accrued Payroll$53,133
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Line 11B: Form 990 Review Process

The form 990 is first reviewed by the finance committee and then the treasurer presents to the board for review before submitting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members review the conflict of interest policy annually and are required to disclose any or no conflicts.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board chair leads the process of evaluating the ceo and executive directors. The chair solicits input from the board to write a formal review for the ceo. The board approves the review and any salary or bonuses.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's annual reports are available on our website. Other documents available upon request.

Filing and Contact Details

Filer

Filer Name
Financial Beginnings
EIN
20-3530960
Phone
8004061876
Address
6443 SW Beaverton Hillsdale Hwy, Portland, OR 97221

Signing Officer

Name
Melody Bell
Title
CEO
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melody Bell
Formed
2005
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
6

Preparer

Firm
Alten Sakai & Company Llp
Address
10260 SW GREENBURG RD SUITE 300, PORTLAND, OR 97223
Preparer
Thomas G Bode CPA
Phone
5032971072
Raw XML AppendixShowing 400 of 495 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0FINANCIAL BEGINNINGS FULFILLS ITS MISSION THROUGH BY PROVIDING NO-COST FINANCIAL EDUCATION PROGRAMMING. FINANCIAL BEGINNINGS IS A NATIONAL NONPROFIT THAT HAS STATEWIDE AFFILIATED NONPROFITS THAT PROVIDE FINANCIAL BEGINNINGS FINANCIAL EDUCATION PROGRAMMING. CURRENT INDEPENDENT AFFILAITES OPERATE IN OREGON AND WASHINGTON, CHAPTER AFFILAITES IN CALIFORNIA AND NEBRASKA, AND PROGRAMMING PROVIDED NATIONALLY. FINANCIAL BEGINNINGS INCREASES THE FINANCIAL CAPABILITY OF YOUTH AND ADULTS. DOING SO ALLOWS THEM TO LIVE WITH LESS FINANCIAL UNCERTAINTY, AND INCREASES LIFE OPPORTUNITIES SUCH AS HOME OWNERSHIP, HIGHER EDUCATION, AND SECURE RETIREMENT.EVEN THOUGH OUR IN-PERSON PROGRAMMING WAS SUSPENDED IN THE SPRINIG, DUE TO THE PANDEMIC, DEMAND FOR PROGRAMS SURGED. IN THE SPRING OF 2020, FINANCIAL BEGINNINGS SAW A YEAR-OVER-YEAR 36% INCREASE IN CURRICULA DOWNLOADS DESPITE IN-PERSON PROGRAMMING BEING SUSPENDED. THIS LARGE INCREASE DEMONSTRATES THE CONTINUED NEED FOR FINANCIAL BEGINNINGS NO-COST FINANCIAL EDUCATION PROGRAMMING. FINANCIAL BEGINNINGS WORKS TO:- PROMOTE SELF-SUFFICIENCY BY TEACHING INDIVIDUALS HOW TO PROACTIVELY IMPROVE THEIR FINANCIAL HEALTH.- SUPPORT UN- AND UNDERBANKED INDIVIDUALS IN ACCESSING AND PARTICIPATING IN FINANCIAL SERVICES.- PROVIDE AGE-APPROPRIATE FINANCIAL EDUCATION THAT MEETS OR EXCEEDS STATE-SPECIFIC STANDARDS.- ENHANCE FINANCIAL RESILIENCY AMONG UNDERSERVED POPULATIONS.- CREATE COMMUNITIES WITHIN WHICH THE NEED FOR FINANCIAL EDUCATION IS RECOGNIZED, AND ALL SECTORS WORK COLLABORATIVELY TOWARDS INCREASED FINANCIAL LITERACYTHIS IS ACCOMPLISHED THROUGH FINANCIAL BEGINNINGS MAIN PROGRAMS WHICH INCLUDE AGE-APPROPRIATE CURRICULA FOR YOUTH IN GRADES K-12 AS WELL AS PROGRAMMING FOR COLLEGE STUDENTS, AND ADULTS. PROGRAMS ARE PROVIDED IN PARTNERSHIP WITH SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS, AND ARE ALWAYS OFFERED AT NO COST TO THE PARTICIPANT OR PARTNER.
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IRS990/MinutesOfGoverningBodyInd0true
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IRS990/OtherExpensesGrp/ProgramServicesAmt2526
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IRS990/OtherExpensesGrp/TotalAmt16235
IRS990/OtherExpensesGrp/TotalAmt21514
IRS990/OtherLiabilitiesGrp/BOYAmt037000
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07388
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IRS990/PayrollTaxesGrp/ProgramServicesAmt028308
IRS990/PayrollTaxesGrp/TotalAmt040994
IRS990/PensionPlanContributionsGrp/FundraisingAmt03715
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04133
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08160
IRS990/PrincipalOfficerNm0MELODY BELL
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0285170
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IRS990/PYProgramServiceRevenueAmt0220280
IRS990/PYRevenuesLessExpensesAmt0-76089
IRS990/PYSalariesCompEmpBnftPaidAmt0453361
IRS990/PYTotalExpensesAmt0582659
IRS990/PYTotalRevenueAmt0506570
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0313077
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0224245
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0850776
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0285170
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0339543
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0345
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0455
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0225245
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0220280
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0200682
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0646207
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05896
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0192
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0345
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0455
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08008
IRS990ScheduleA/InvestmentIncomeCYPct00.00210
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.35190
IRS990ScheduleA/PublicSupportPY509Pct00.38410
IRS990ScheduleA/PublicSupportTotal509Amt01316648
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0759537
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0259736
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02416732
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0957014
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0654670
IRS990ScheduleA/Total509Grp/TotalAmt03733380
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01081917
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03741388
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01777
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03111
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053133
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP LOAN PAYABLE
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IRS990ScheduleD/RevenueSubtotalAmt01080917
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01334

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.22$1.01$1.24$1.55$0.31
2023Summary only. Only limited summary data is available for this year.$0.89$0.15$0.74$1.86$1.11$0.75
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.07$0.00$0.74$0.96$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.08$0.22$0.69$0.92$0.23
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.14$0.45$1.08$0.77$0.31
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.04$0.13$0.51$0.58$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.03$0.21$0.52$0.56$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.07$0.49$0.95$0.74$0.21
2016Summary only. Only limited summary data is available for this year.$0.29$0.02$0.28$0.65$0.59$0.06
2015Summary only. Only limited summary data is available for this year.$0.24$0.02$0.21$0.57$0.48$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.34$0.31$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.01$0.09$0.23
2012Summary only. Only limited summary data is available for this year.$0.07$0.01$0.19$0.16$0.03