Economic Empowerment Trust Fund

“Form 990 EZ, Part I, Line 10 ($2,700.54):SeedMA is a children's savings account program designed to help families prepare for post-secondary education. Every eligible 529 account opened through the SeedMA program receives a $50.01 deposit funded by the Economic Empowerment Trust Fund. Kindergarten students enrolled in the 2016-2017 school year in the public schools of Worcester, Massachusetts and Monson, Massachusetts were eligible to participate in the SeedMA program. Thirty (30) 529 accounts for the benefit of kindergarten students enrolled in the Worcester public schools during FY2017 received SeedMA grants of $50.01 in FY2017. Twenty-four (24) 529 accounts for the benefit of kindergarten students enrolled in the Monson public schools during FY2017 received SeedMA grants of $50.01 in FY2017.”

“Form 990 ez, part iii, line 28: the women's economic empowerment series ("wees") is a free, multi-session program that provides women training related to salary negotiation, money management, retirement, and investment strategies. During fy2017, wees served five communities and 184 women. The economic empowerment trust fund expended $16,558 on wees expenses.”

“Form 990-EZ, Part III, Line 29:SeedMA is a children's savings account program designed to help families prepare for post-secondary education. The goals of SeedMA include: increase the percentage of children saving for higher education; deliver quality financial education programming to families, while also building a culture of saving and prudent budget management; and inspire economically vulnerable and disadvantaged children to enroll at and graduate from higher education institutions. Eligible 529 accounts opened through the SeedMA program receive a $50.01 deposit funded by the Economic Empowerment Trust Fund. Kindergarten students enrolled in the 2016-2017 school year in the public schools of Worcester, Massachusetts and Monson, Massachusetts were eligible to participate in the SeedMA program. Thirty (30) 529 accounts for the benefit of kindergarten students enrolled in the Worcester public schools during FY2017 received SeedMA grants of $50.01 in FY2017. Twenty-four (24) 529 accounts for the benefit of kindergarten students enrolled in the Monson public schools during FY2017 received SeedMA grants of $50.01 in FY2017. In total, the Economic Empowerment Trust Fund provided $2,700.54 in SeedMA grants in FY2017.”

“Form 990 ez, part iv:per its by-laws, the eetf meets quarterly and the meetings last approximately 1.5 hours (averaged out to be approximately 0.12 hrs./week). The economic empowerment trust fund does not provide compensation to members of its board of trustees. The economic empowerment trust fund does not provide benefits as described in column (d) of part iv of form 990-ez to members of its board of trustees. Treasurer and receiver-general deborah goldberg, chair, economic empowerment trust fund. It is estimated that the treasurer and receiver-general devotes approximately 2 hours per week to her position as chair of the eetf.marcony almeida-barros, designee of the attorney general, member of the economic empowerment trust fund board of trustees.john chapman, undersecretary of consumer affairs, member of the economic empowerment trust fund board of trustees.todd ostrowski, designee of commissioner of elementary & secondary educ., member of the economic empowerment trust fund board of trustees.tom moreau, designee of secretary of education, member of the economic empowerment trust fund board of trustees.juan vega, designee of secretary of housing & economic development, member of the economic empowerment trust fund board of trustees.barbara anthony, appointee of the state treasurer, member of the economic empowerment trust fund board of trustees.elizabeth barajas-roman, appointee of the state treasurer, member of the economic empowerment trust fund board of trustees.roy belson, appointee of the state treasurer, member of the economic empowerment trust fund board of trustees.hamel husbands, appointee of the state treasurer, member of the economic empowerment trust fund board of trustees.ellen kennedy, appointee of the state treasurer, member of the economic empowerment trust fund board of trustees.evelyn murphy, appointee of the state treasurer, member of the economic empowerment trust fund board of trustees.jerry rubin, appointee of the state treasurer, member of the economic empowerment trust fund board of trustees.yvonne spicer, appointee of the state treasurer, member of the economic empowerment trust fund board of trustees.ben branch, appointee of the senate president, non-voting member of the economic empowerment trust fund board of trustees.senator jamie eldridge, appointee of the senate president, non-voting member of the economic empowerment trust fund board of trustees.raichelle kallery, appointee of the senate minority leader, non-voting member of the economic empowerment trust fund board of trustees.representative daniel ryan, appointee of the speaker of the house, non-voting member of the economic empowerment trust fund board of trustees.representative steven ultrino, appointee of the speaker of the house, non-voting member of the economic empowerment trust fund board of trustees.michael prisco, appointee of the house of minority leader, non-voting member of the economic empowerment trust fund board of trustees.alayna van tassel is the executive director of the eetf. Ms. Van tassel also serves as the executive director of the massachusetts treasurer's office of economic empowerment ("oee"). Oee is a department within the office of the massachusetts state treasurer and receiver general ("treasury") that is distinct from the eetf, however, the missions of the two entities overlap substantially and oee implements programmatic goals of the eetf. The eetf is administered by oee in consultation with its board of trustees. It is estimated that during fiscal year 2017, ms. Van tassel and oee staff spent approximately 40% of their work week on services related to eetf funded programs. Both ms. Van tassel and the oee staff are employees of the treasury and are compensated as employees of the treasury and not as employees of the eetf.”

“SeedMA-Worcester; Grant; : , , , ; , 1500.”

“SeedMA-Monson; Grant; : , , , ; , 1200.”

“Library & Teaching Supplies 3360.”

“Meeting Expenses 3337.”

“WEES event rental expenses 1163.”

“Filing Fees 70.”

“Media Design,Editorial & Communication 4375.”