Civic Intelligence

Financial Beginnings Oregon

990 • Fiscal year 2024 • EIN 81-4643539

Jul 01, 2023 to Apr 30, 2024 • Filed on Mar 14, 2025

6443 SW Beaverton Hillsdale Hwy 430Portland, OR 97221

(800) 406-1876

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

5th percentile

-130%

Higher net margin than 5% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$133,029

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 58.6% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

3rd percentile

-100%

Faster asset growth than 3% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-66%

Faster revenue growth than 7% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$0

Down $585,426 (-100%) from 2023

Net Assets

Down

$0

Down $548,991 (-100%) from 2023

Liabilities

Down

$0

Down $36,435 (-100%) from 2023

Revenue

Down

$227,120

Down $434,640 (-66%) from 2023

Expenses

Down

$523,404

Down $141,974 (-21%) from 2023

Net Income

Down

-$296,284

Down $292,666 (-8089%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

2024

Revenue$227,120
Expenses$523,404
Net Income-$296,284
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Apr 30, 2024
Signed
Mar 14, 2025
Return Version
2023v6.0
Gross Receipts
$227,120
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$451,413$0▼ $451,413
Pledges and Grants Receivable$85,000$0▼ $85,000
Investments in Publicly Traded Securities$46,471$0▼ $46,471
Cash and Non-Interest-Bearing Accounts-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$585,426$0▼ $585,426
Other Assets Total$2,542$0▼ $2,542
Liabilities
Accounts Payable and Accrued Expenses$36,435--
Total Liabilities$36,435$0▼ $36,435
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$284,496--
Net Assets With Donor Restrictions$264,495--
Total Net Assets Fund Balance$548,991$0▼ $548,991
Total Liabilities and Net Assets / Fund Balance$585,426$0▼ $585,426

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$50,997-▲ $4,770$55,767-
2022$45,250-▲ $5,747-$50,997
2021$53,177-▼ $7,927-$45,250
2020$32,284$10,000▲ $10,893-$53,177
2019$31,148-▲ $1,136-$32,284
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alexander ManoogianPresident & CEOFT$133,029$133,029

Board Members and Trustees

NameTitle
Amy TheumaBoard Chair
Joe HerrleBoard Member
Kaelynn SimmonsBoard Member
Logwone Warrior MitzBoard Member
Michael NavarroBoard Member
Ken CalhounSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$220,107
Program Service Revenue
$0
Investment Income
$6,863
Other Revenue
$150
All Other Contributions
$220,107
Change in Net Assets
$-296,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$303,440
Other Expenses$147,064
Total Fundraising Expense$109,194
Professional Fundraising Fees$72,900
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$139,355--$139,355
Current Officers, Directors, Trustees, and Key Employees$73,353$12,415$20,691$106,459
Fees for Services Professional Fundraising--$72,900$72,900
Occupancy$23,112$3,341$5,569$32,022
Payroll Taxes$18,989$1,154$1,924$22,067
Other Employee Benefits$20,295$595$864$21,754
Fees for Services Accounting-$19,545-$19,545
Pension Plan Contributions$11,738$775$1,292$13,805
Fees for Services Other-$11,653-$11,653
Travel$6,143$1,553$7$7,703
Office Expenses$5,305$941$515$6,761
Fees for Services Legal-$5,813-$5,813
Other Expenses$675$1,980$120$2,655
Insurance$159$1,559$47$1,765
All Other Expenses$143$773-$916
Total Functional Expenses$347,109$67,101$109,194$523,404
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$72,900
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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

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

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, Section C, Line 19

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
6443 SW BEAVERTON HILLSDALE HWY 430, PORTLAND, OR 97221

Signing Officer

Name
Alexander Manoogian
Title
President & CEO
Signed
2025-03-14
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
165

Preparer

Firm
Bashar & Johnson PC
Address
4905 SW Griffith Drive Suite 100, Beaverton, OR 97005
Preparer
Anwar Bashar CPA
Phone
5036434000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Distribution of net assets to financial beginnings = -$278721

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 specific 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 appropriaation for expenditure is made. The spending rate should not exceed 7%. No distributions were made during the year ended april 30, 2024.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01154
IRS990/PayrollTaxesGrp/ProgramServicesAmt018989
IRS990/PayrollTaxesGrp/TotalAmt022067
IRS990/PensionPlanContributionsGrp/FundraisingAmt01292
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0775
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011738
IRS990/PensionPlanContributionsGrp/TotalAmt013805
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt085000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0true
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0581891
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08794
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0194366
IRS990/PYOtherRevenueAmt065450
IRS990/PYProgramServiceRevenueAmt05625
IRS990/PYRevenuesLessExpensesAmt0-3618
IRS990/PYSalariesCompEmpBnftPaidAmt0471012
IRS990/PYTotalExpensesAmt0665378
IRS990/PYTotalRevenueAmt0661760
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-296284
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0451413
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0220107
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0581891
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0695719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0728240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0501483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02727440
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06863
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08794
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01289
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02180
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt027308
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99010
IRS990ScheduleA/PublicSupportPY170Pct00.76580
IRS990ScheduleA/PublicSupportTotal170Amt02727440
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0220107
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0581891
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0695719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0728240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0501483
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02727440
IRS990ScheduleA/TotalSupportAmt02754748
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/BeginningYearBalanceAmt050997
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt04770
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt055767
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt045250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt050997
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05747
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt053177
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt045250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7927
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt032284
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt053177
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010893
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt031148
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt032284
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01136
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL BEGINNINGS OREGON ENDOWMENT FUND INCLUDES DONOR RESTRICTED FUNDS THAT ARE RESTRICTED BY SPECIFIC 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 APPROPRIAATION FOR EXPENDITURE IS MADE. THE SPENDING RATE SHOULD NOT EXCEED 7%. NO DISTRIBUTIONS WERE MADE DURING THE YEAR ENDED APRIL 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Grantwriting
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0184000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0111100
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Kelley Nonprofit Consulti
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt072900
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt03207 SW 26th Ave
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Portland
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0OR
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd097202
IRS990ScheduleG/TotalGrossReceiptsAmt0184000
IRS990ScheduleG/TotalNetToOrganizationAmt0111100
IRS990ScheduleG/TotalRetainedByContractorsAmt072900
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0true
IRS990ScheduleN/EmployeeOfSuccessorInd0true
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0DISTRIBUTION OF NET ASSETS TO FINANCIAL BEGINNINGS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02024-04-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0203530960
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0278721
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0MARKET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt06443 SW BEAVERTON HILLSDALE HWY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0PORTLAND
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0OR
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd097221
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREASURER AND BOARD CHAIR WILL REVIEW THE FORM 990. FULL BOARD WILL VOTE TO APPROVE THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE ANNUAL CONFLICT OF INTEREST DISCLOSURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FULL 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.

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