Prepare and Prosper

Filing Period

Jul 1, 2012 to Jun 30, 2013

Signed

Oct 31, 2013

Return Version

2012v2.1

Gross Receipts

$1,416,916

Mission

Major Activities

Activity 2

Aam utilizes the tax code as a vehicle to facilitate financial stability. With free tax preparation as its hook, aam maximizes the "money moment" that tax time provides by offering financial services and products to magnify the financial impact of tax refunds. In 2013, aam served 2,400 customers with integrated financial services, as follows: 1) rolled out a research-based financial services messaging campaign, "got some, save some," to promote saving all or part of the tax refund; we more than doubled our number of savers to 665, 2)opened 785 prepaid debit cards for customers who wanted a safe place to deposit their refunds (up from 602 in 2012), 3)helped 170 customers purchase u.s. Savings bonds (up from 114 in 2012), 4) referred 260 taxpayers to lutheran social service financial counseling, with 168 of them being served by a counselor (57% retention rate, up greatly from 2012), and 5) launched a matched savings pilot - 45 customers received a 50% match on their remaining savings balance after six months (up to $500); all first met 1:1 with a volunteer financial planner and participated in a focus group. Our valuable findings are guiding our financial coaching program development.

Filer

EIN

23-7131829