Express Advantage: FY2022 Nonprofit Profile & Form 990 (EIN 61-1575044)

Revenue by fiscal year
FY2020	$2K
FY2021	$2.8M
FY2022	$326K
FY2023	$2.3M
FY2024	$1.5M
FY2025	$546K

Expenses by fiscal year
FY2020	Not on file
FY2021	$1.1M
FY2022	$2.0M
FY2023	$1.5M
FY2024	$2.2M
FY2025	$582K

Net assets by fiscal year
FY2020	$20K
FY2021	$1.7M
FY2022	$34K
FY2023	$788K
FY2024	$90K
FY2025	$54K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $2.0M Management & general 2% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Stacy Augustine

Chair

$0Pt VII · Sec A

Enrique Delgadillo

Vice Chair

$0Pt VII · Sec A

Chris Horton

Secretary

$0Pt VII · Sec A

Mike Beall

Executive Director

$0Pt VII · Sec A

Sharon Hall

CFO

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering low-income families with financial resilience through collaborative economic programs.

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Provided by the organization

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3 programs · $6K · in their own filed words · FY2022

01

Financial Accessibility to meet people, in distressed communities, where they are (social service agencies, Financial Empowerment Center, etc.).

$6Kprogram expense

02

Financial Resiliency

Financial education and coaching focused on basic capabilities matched seamlessly with appropriate and flexible products and services allowing participants to gain access to financial products and services while keeping the low income families out of the clutches of high cost alternative financial service providers and high debt that…

Pt IX · col B

03

Income Adequacy

Asset building programs that create opportunities that incentivize people to change savings and spending behavior.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2023

Amazonsmile FoundationFY2023$11

Total grants receivedfrom 1 funder$11

Grants paid · 7 grants · $7.1M · 2021–2025

Opportunity Knocks Group LLCFY2025$490,500

Opportunity Ventures LLCFY2025$90,000

Opportunity Knocks Group LLCFY2024$2,234,000

Opportunity Knocks Group LLCFY2023$1,496,000

Opportunity Knocks Group LLCFY2022$1,955,592

Unitemized GrantFY2022$5,999

Opportunity Knocks Group LLCFY2021$827,959

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$326K

Ln 12

Gifts and grantsLn 1h$325K

Investment incomeLn 3$1K

Money outPt IX

$2.0M

Ln 25

Programscol B$2.0M

Managementcol C$49K

Owns and owesPt X

$34K

net assets · Ln 32

Cash and savingsLn 1–2$34K

Total assetsLn 16$34K

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$325K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Investment incomeLn 3$1K

Total revenueLn 12$326K

Assets in detailPt X, end of year

CashLn 1$34K

Cash and savings togetherLn 1–2$34K

Total assetsLn 16$34K

LiabilitiesLn 26$0

Net assetsLn 32$34K

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$1.7M	$34K
Total assetsLn 16	$1.7M	$34K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.7M	$34K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.9M	$1.9M
Grants to domestic individualsLn 2	$6K	$6K
Management feesLn 11a	$59K	$17K	$42K
Accounting feesLn 11c	$4K		$4K
InsuranceLn 23	$3K		$3K
All other expensesLn 24e	$500	$286	$214
Total functional expensesLn 25	$2.0M	$2.0M	$49K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$546K	$582K	−$36K	$54K	990 PDF
FY2024	$1.5M	$2.2M	−$698K	$90K	990 PDF
FY2023	$2.3M	$1.5M	$754K	$788K	990 PDF
FY2022 Viewing	$326K	$2.0M	−$1.7M	$34K	990 PDF
FY2021	$2.8M	$1.1M	$1.7M	$1.7M	990 PDF
FY2020	$2K			$20K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $325,532 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,786,119$324,524

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $14$1,008

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $2,786,133$325,532

I-13 Grants and similar amounts paidPrior year $827,959$1,944,491

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $258,338$66,576

I-18 Total expensesPrior year $1,086,297$2,011,067

I-19 Revenue less expensesPrior year $1,699,836−$1,685,535

Part VI · Governance 4 of 4 board members independent, no flags

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $325,532 across 12 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$324,524

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$324,524

VIII-3 Investment incomeRelated to mission $1,008 · Unrelated business $0 · Excluded from tax $0$1,008

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $1,008 · Unrelated business $0 · Excluded from tax $0$325,532

Part IX · Statement of functional expenses $2,011,067 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $1,938,492$1,938,492

IX-2 Grants to domestic individualsPrograms $5,999$5,999

IX-11a Management feesPrograms $17,100 · Management $42,000$59,100

IX-11c Accounting feesManagement $4,081$4,081

IX-23 InsuranceManagement $2,895$2,895

IX-24e All other expensesPrograms $286 · Management $214$500

IX-25 Total functional expensesPrograms $1,961,877 · Management $49,190 · Fundraising $0$2,011,067

Part X · Balance sheet $34,459 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $1,722,371$34,459

X-16 Total assetsStart of year $1,719,994$34,459

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $1,719,994$34,459

X-33 Total liabilities and net assetsStart of year $1,719,994$34,459

Part XI · Reconciliation of net assets $34,459 net assets at year end

XI-1 Total revenue$325,532

XI-2 Total expenses$2,011,067

XI-3 Revenue less expenses−$1,685,535

XI-4 Net assets at start of year$1,719,994

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$34,459

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Express Advantage FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Express Advantage

Financial Resiliency

Income Adequacy

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV