Civic Intelligence

Financial Beginnings Oregon

990 • Fiscal year 2022 • EIN 81-4643539

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

Organization Profilewww.finbegor.org
2705 E Burnside Street 214Portland, OR 97214

(800) 406-1876

Siviq Scores

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

Liabilities / Assets

64th percentile

0.07x

Higher debt load relative to assets than 64% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.06x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

48th percentile

5.0%

Higher net margin than 48% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$124,162

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

16th percentile

-14%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

35th percentile

-3.1%

Faster revenue growth than 35% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$613,615

Down $103,985 (-14%) from 2021

Net Assets

Up

$571,195

Up $822 (+0.1%) from 2021

Liabilities

Down

$42,420

Down $104,807 (-71%) from 2021

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin48th percentile

Revenue

Down

$732,401

Down $23,179 (-3.1%) from 2021

Expenses

Up

$695,725

Up $62,561 (+9.9%) from 2021

Net Income

Down

$36,676

Down $85,740 (-70%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$800K$600K$400K$200K$0Assets 2018: $257,711Liabilities 2018: $20,364Net Assets 2018: $237,3472018Assets 2019: $442,311Liabilities 2019: $43,845Net Assets 2019: $398,4662019Assets 2020: $540,770Liabilities 2020: $103,928Net Assets 2020: $436,8422020Assets 2021: $717,600Liabilities 2021: $147,227Net Assets 2021: $570,3732021Assets 2022: $613,615Liabilities 2022: $42,420Net Assets 2022: $571,1952022Assets 2023: $585,426Liabilities 2023: $36,435Net Assets 2023: $548,9912023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$613,615
Liabilities$42,420
Net Assets$571,195
Open 2022 Filing

Operations Trend

Revenue Growth35th percentile

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

$1.0M$500K$0-$500KRevenue 2018: $558,574Expenses 2018: $453,451Net Income 2018: $105,1232018Revenue 2019: $663,998Expenses 2019: $503,982Net Income 2019: $160,0162019Revenue 2020: $551,202Expenses 2020: $513,963Net Income 2020: $37,2392020Revenue 2021: $755,580Expenses 2021: $633,164Net Income 2021: $122,4162021Revenue 2022: $732,401Expenses 2022: $695,725Net Income 2022: $36,6762022Revenue 2023: $661,760Expenses 2023: $665,378Net Income 2023: -$3,6182023Revenue 2024: $227,120Expenses 2024: $523,404Net Income 2024: -$296,2842024

Highlighted filing

2022

Revenue$732,401
Expenses$695,725
Net Income$36,676
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.1
Gross Receipts
$732,401
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$477,080$349,407▼ $127,673
Pledges and Grants Receivable$86,000$132,100▲ $46,100
Cash and Non-Interest-Bearing Accounts$138,563$129,556▼ $9,007
Prepaid Expenses and Deferred Charges$14,931$2,552▼ $12,379
Land, Buildings, and Equipment, Net$1,026$0▼ $1,026
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$717,600$613,615▼ $103,985
Other Assets Total-$0-
Liabilities
Other Liabilities$79,883--
Accounts Payable and Accrued Expenses$67,344$42,420▼ $24,924
Total Liabilities$147,227$42,420▼ $104,807
Net Assets / Fund Balance
Net Assets With Donor Restrictions$341,926$329,485▼ $12,441
Net Assets Without Donor Restrictions$228,447$241,710▲ $13,263
Total Net Assets Fund Balance$570,373$571,195▲ $822
Total Liabilities and Net Assets / Fund Balance$717,600$613,615▼ $103,985

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$3,590$3,590

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$53,177-▼ $7,927-$45,250
2020$32,284$10,000▲ $10,893-$53,177
2019$31,148-▲ $1,136-$32,284
2018$24,018$5,000▲ $2,130-$31,148
2017-$25,000▼ $975-$24,018
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate BenedictExecutive DirectorFT$116,876$7,286$124,162

Board Members and Trustees

NameTitle
Amy TheumaBoard Chair
Carlie BlackburnBoard Member
Denys IsordiaBoard Member
Joe HerrleBoard Member
Ken CalhounBoard Member
Michael NavarroBoard Member
Logwone Warrior MitzSecretary
Sean EdwardsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$695,719
Program Service Revenue
$28,500
Investment Income
$8,182
Other Revenue
$0
All Other Contributions
$615,836
Change in Net Assets
$36,676

Audited Revenue Reconciliation

Revenue per Audited Statements
$732,401
Revenue Not Reported on Form 990
$-35,854
Total Revenue per Audited Statements
$696,547
Total Revenue per Form 990
$732,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$535,633
Other Expenses$160,092
Total Fundraising Expense$86,510
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$281,030$18,095$37,436$336,561
Current Officers, Directors, Trustees, and Key Employees$82,098-$23,981$106,079
Payroll Taxes$31,358$1,563$5,304$38,225
Other Employee Benefits$23,835$2,239$3,571$29,645
Pension Plan Contributions$21,095-$4,028$25,123
Occupancy$11,027$6,672$5,794$23,493
Fees for Services Accounting$12,401$794$2,693$15,888
Office Expenses$4,672$782$1,343$6,797
Travel$5,782$456-$6,238
Fees for Services Other$3,523--$3,523
Insurance$1,913$95$324$2,332
Advertising$2,198--$2,198
Other Expenses$1,149$146$244$1,539
Depreciation Depletion$841$42$142$1,025
Total Functional Expenses$575,642$33,573$86,510$695,725

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$695,725
Total Expenses per Audited Statements$695,725
Total Expenses per Form 990$695,725
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kate BenedictKey EmployeeLicensing & MaterialsNo$64,997

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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 8: Explanation of No Contemporaneously Documentation of Meetings

“No committees have authority to act on behalf of the governing body.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Treasurer and board chair will review the form 990. Full board will vote to approve the form 990.”

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

“All board members are required to complete annual conflict of interest disclosures.”

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

“Full evaluation is completed by the board of directors and informed by staff input. Comparability data is reviewed and evaluation is used by the board to determine executive director compensation.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“The form 990 is posted on the organization's website. The form 1023 exemption is available upon request.”

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

“The governing documents, policies, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Financial Beginnings Oregon
EIN
81-4643539
Phone
8004061876
Address
2705 E Burnside Street 214, Portland, OR 97214

Signing Officer

Name
Alex Manoogian
Title
Executive Director
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Benedict
Formed
2017
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
15
Volunteers
84

Preparer

Firm
Alten Sakai & Company Llp
Address
8625 SW CASCADE AVE SUITE 310, BEAVERTON, OR 97008
Preparer
Eileen C Nguyen CPA
Phone
5032971072
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The financial beginnings oregon endowment fund includes donor restricted funds that are restricted by specfic donor stipulations. The board of directors may annually appropriate for distribution an amount deemed prudent given the purpose of the endowment. The initial spending rate will be 4% of the financial beginnings oregon endowment fund's average fair value. Fair market value is calculated by taking the quarterly average of the fair market value of the endowment's assets over the three years immediately preceding the year in which the appropriation for expenditure is made. The spending rate should not exceed 7%. No distributions were made during the year ended june 30, 2022. The board of directors does not anticipate making distributions until the endowment reaches $100,000.”

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IRS990/Desc0Financial Beginnings Oregon (FBOR) increases the financial capability of youth and adults in our state. This allows Oregonians to live with more financial security, and increases life opportunities such as homeownership, higher education, and secure retirement. FBOR 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.- Provide all of these services at no cost to partners or participants.FBORs financial education programs reach all demographics but are designed to empower economically-vulnerable youth and adults through inclusive financial education. FBOR proactively reaches underserved audiences such as low-income individuals, individuals with legal histories, individuals experiencing homelessness, and communities of color.Programs are provided in partnership with schools and community-based organizations, and are always offered at no cost to the participant or partner. FBOR strives to reach over 25,000 Oregonians each year with free financial education. All of their programs are taught by over 300 trained community-based volunteers in the community. FBOR runs an annual Fellowship program that brings young adults in-house as financial educators and provides them professional development opportunities. This Fellowship makes their programs more equitable and impactful by engaging young adults in their program delivery. FBOR also hosts an annual Financial Literacy Conference that brings together financial education stakeholders and supporters from across the state to gain financial literacy resources and collaborate. This has been held virtually since COVID-19.Most importantly, FBOR's programs have a measurable impact. In the six months following their participation, 98% of participants reported changing one or more of their financial behaviors. When asked about the knowledge they gained during our lessons:- Those who said they knew how to keep their budget relevant when financial circumstances changed increased from 43% to 94%.- Those who said they knew how to choose a bank or credit union that benefit them increased from 41% to 100%.- Those who knew how to access and read their credit report increased from 27% to 91%.- Those who knew their options for retirement savings increased from 16% to 91%.- Those who knew how to compare various insurance coverage and costs to choose the right plan for them increased from 27% to 85%.
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt03590
IRS990/LegalDomicileStateCd0OR
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FINANCIAL BEGINNINGS OREGON EMPOWERS YOUTH AND ADULTS TO TAKE CONTROL OF THEIR FINANCIAL FUTURES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0570373
IRS990/NetAssetsOrFundBalancesEOYAmt0571195
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-35854
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0228447
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0241710
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt05794
IRS990/OccupancyGrp/ManagementAndGeneralAmt06672
IRS990/OccupancyGrp/ProgramServicesAmt011027
IRS990/OccupancyGrp/TotalAmt023493
IRS990/OfficeExpensesGrp/FundraisingAmt01343
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0782
IRS990/OfficeExpensesGrp/ProgramServicesAmt04672
IRS990/OfficeExpensesGrp/TotalAmt06797
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03571
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02239
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023835
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029645
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/FundraisingAmt0779
IRS990/OtherExpensesGrp/FundraisingAmt1871
IRS990/OtherExpensesGrp/FundraisingAmt2244
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01991
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1698
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2146
IRS990/OtherExpensesGrp/ProgramServicesAmt088445
IRS990/OtherExpensesGrp/ProgramServicesAmt13862
IRS990/OtherExpensesGrp/ProgramServicesAmt2413
IRS990/OtherExpensesGrp/ProgramServicesAmt31149
IRS990/OtherExpensesGrp/TotalAmt088445
IRS990/OtherExpensesGrp/TotalAmt16632
IRS990/OtherExpensesGrp/TotalAmt21982
IRS990/OtherExpensesGrp/TotalAmt31539
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt079883
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt037436
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018095
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0281030
IRS990/OtherSalariesAndWagesGrp/TotalAmt0336561
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05304
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01563
IRS990/PayrollTaxesGrp/ProgramServicesAmt031358
IRS990/PayrollTaxesGrp/TotalAmt038225
IRS990/PensionPlanContributionsGrp/FundraisingAmt04028
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021095
IRS990/PensionPlanContributionsGrp/TotalAmt025123
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt086000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0132100
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014931
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02552
IRS990/PrincipalOfficerNm0KATE BENEDICT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0FINANCIAL LITERACY CONF
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt028500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt028500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0728240
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01289
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0167094
IRS990/PYProgramServiceRevenueAmt026051
IRS990/PYRevenuesLessExpensesAmt0122416
IRS990/PYSalariesCompEmpBnftPaidAmt0466070
IRS990/PYTotalExpensesAmt0633164
IRS990/PYTotalRevenueAmt0755580
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt036676
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt028500
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0695719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0728240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0501483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0620749
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0498368
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03044559
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01289
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02180
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0272
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012950
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0205662
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77020
IRS990ScheduleA/PublicSupportTotal170Amt02354969
IRS990ScheduleA/SubstantialContributorsTotAmt0689590
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0695719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0728240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0501483
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0620749
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0498368
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03044559
IRS990ScheduleA/TotalSupportAmt03057509
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt053177
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt045250
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7927
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt032284
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt053177
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010893
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt031148
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt032284
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01136
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt024018
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt031148
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02130
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt024018
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-975
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0695725
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-35854
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03590
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03590
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-35854
IRS990ScheduleD/RevenueSubtotalAmt0732401
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL BEGINNINGS OREGON ENDOWMENT FUND INCLUDES DONOR RESTRICTED FUNDS THAT ARE RESTRICTED BY SPECFIC DONOR STIPULATIONS. THE BOARD OF DIRECTORS MAY ANNUALLY APPROPRIATE FOR DISTRIBUTION AN AMOUNT DEEMED PRUDENT GIVEN THE PURPOSE OF THE ENDOWMENT. THE INITIAL SPENDING RATE WILL BE 4% OF THE FINANCIAL BEGINNINGS OREGON ENDOWMENT FUND'S AVERAGE FAIR VALUE. FAIR MARKET VALUE IS CALCULATED BY TAKING THE QUARTERLY AVERAGE OF THE FAIR MARKET VALUE OF THE ENDOWMENT'S ASSETS OVER THE THREE YEARS IMMEDIATELY PRECEDING THE YEAR IN WHICH THE APPROPRIATION FOR EXPENDITURE IS MADE. THE SPENDING RATE SHOULD NOT EXCEED 7%. NO DISTRIBUTIONS WERE MADE DURING THE YEAR ENDED JUNE 30, 2022. THE BOARD OF DIRECTORS DOES NOT ANTICIPATE MAKING DISTRIBUTIONS UNTIL THE ENDOWMENT REACHES $100,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalExpensesPerForm990Amt0695725
IRS990ScheduleD/TotalRevenuePerForm990Amt0732401
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0696547

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$613,615
Liabilities
$42,420
Net assets
$571,195
Revenue
$732,401
Expenses
$695,725
Net income
$36,676
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$2.27$5.23$2.96
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.85$0.36$5.49$6.62$6.65$0.04
2022Detailed filing. Detailed filing data is available for this year.$6.14$0.42$5.71$7.32$6.96$0.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.18$1.47$5.70$7.56$6.33$1.22
2020Detailed filing. Detailed filing data is available for this year.$5.41$1.04$4.37$5.51$5.14$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.42$0.44$3.98$6.64$5.04$1.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$0.20$2.37$5.59$4.53$1.05