Financial Beginnings Oregon

Portland, ORUnknown exempt organizationEIN 81-4643539Revenue $227K in FY2024

On file with the IRSfinbegor.org2705 E Burnside Street · Portland, OR

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Financial Beginnings Oregon empowers youth and adults to take control of their Financial futures.

66¢ of each $1 spent went to programs.
Run by 173 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $21K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$133K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$227K
-66% vs prior year
Spent
$523K
To programs
66%
Net assets
$0
By yearFY2020–FY2024
Revenue
$227K
FY2024▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2020$551K
FY2021$756K
FY2022$732K
FY2023$662K
FY2024$227K
Expenses
$523K
FY2024▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$514K
FY2021$633K
FY2022$696K
FY2023$665K
FY2024$523K
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$437K
FY2021$570K
FY2022$571K
FY2023$549K
FY2024$0

From the FY2024 Form 990 (year ending April 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $347K Management & general 13% · $67K Fundraising 21% · $109K

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

7 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President & CEO
$133,029Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alexander Manoogian$133,029$101,006———
Kate Benedict——$116,876$107,201$103,218
Katherine Benedict—$80,275———
Kaelynn Simmons—$4,928———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Empowers individuals to gain control of their financial futures.

Provided by the organization

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1 program · $347K · in their own filed words · FY2023
01

Financial 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.

$347Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$227K
Ln 12
Gifts and grantsLn 1h$220K
Investment incomeLn 3$7K
Other incomeLn 4–11$150
Money outPt IX
$523K
Ln 25
Programscol B$347K
Managementcol C$67K
Fundraisingcol D$109K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$220K
Investment incomeLn 3$7K
Other incomeLn 4–11$150
Gains on assetsLn 7$0
Total revenueLn 12$227K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 56
VolunteersI 6173
Fiscal year endsHeaderApril
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
LineStart FY24End FY24
Cash and savingsLn 1–2$451K$0
InvestmentsLn 11–13$46K$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$585K$0
LiabilitiesLn 26$36K$0
Net assetsLn 32$549K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$106K$73K$12K$21K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$139K$139K
Pension plan contributionsLn 8$14K$12K$775$1K
Other employee benefitsLn 9$22K$20K$595$864
Payroll taxesLn 10$22K$19K$1K$2K
Management feesLn 11a$0
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$20K$20K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$73K$73K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$0
Office expensesLn 13$7K$5K$941$515
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$32K$23K$3K$6K
TravelLn 17$8K$6K$2K$7
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$159$2K$47
Other expenses (24a–d)Ln 24$61K$49K$7K$5K
All other expensesLn 24e$916$143$773
Total functional expensesLn 25$523K$347K$67K$109K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $227K$523K−$296K$0 990 PDF
FY2023 $662K$665K−$4K$549K 990 PDF
FY2022 $732K$696K$37K$571K 990 PDF
FY2021 $756K$633K$122K$570K 990 PDF
FY2020 $551K$514K$37K$437K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $227,120 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $581,891$220,107
I-9 Program service revenuePrior year $5,625$0
I-10 Investment incomePrior year $8,794$6,863
I-11 Other revenuePrior year $65,450$150
I-12 Total revenuePrior year $661,760$227,120
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $471,012$303,440
I-16a Professional fundraising fees$72,900
I-17 Other expensesPrior year $194,366$147,064
I-18 Total expensesPrior year $665,378$523,404
I-19 Revenue less expensesPrior year −$3,618−$296,284
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $227,120 across 9 lines filed
VIII-1f All other contributions, gifts and grants$220,107
VIII-1h Total contributions, gifts and grants$220,107
VIII-3 Investment incomeRelated to mission $6,863$6,863
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $150$150
VIII-12 Total revenueRelated to mission $7,013$227,120
Part IX · Statement of functional expenses $523,404 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $73,353 · Management $12,415 · Fundraising $20,691$106,459
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $139,355$139,355
IX-8 Pension plan contributionsPrograms $11,738 · Management $775 · Fundraising $1,292$13,805
IX-9 Other employee benefitsPrograms $20,295 · Management $595 · Fundraising $864$21,754
IX-10 Payroll taxesPrograms $18,989 · Management $1,154 · Fundraising $1,924$22,067
IX-11a Management fees$0
IX-11b Legal feesManagement $5,813$5,813
IX-11c Accounting feesManagement $19,545$19,545
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $72,900$72,900
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $11,653$11,653
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $5,305 · Management $941 · Fundraising $515$6,761
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $23,112 · Management $3,341 · Fundraising $5,569$32,022
IX-17 TravelPrograms $6,143 · Management $1,553 · Fundraising $7$7,703
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $159 · Management $1,559 · Fundraising $47$1,765
IX-24 Other expenses (24a–d)Programs $48,517 · Management $6,984 · Fundraising $5,385$60,886
IX-24e All other expensesPrograms $143 · Management $773$916
IX-25 Total functional expensesPrograms $347,109 · Management $67,101 · Fundraising $109,194$523,404
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $451,413$0
X-3 Pledges and grants receivableStart of year $85,000$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $46,471$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,542$0
X-16 Total assetsStart of year $585,426$0
X-26 Total liabilitiesStart of year $36,435$0
X-32 Total net assets or fund balancesStart of year $548,991$0
X-33 Total liabilities and net assetsStart of year $585,426$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$227,120
XI-2 Total expenses$523,404
XI-3 Revenue less expenses−$296,284
XI-4 Net assets at start of year$548,991
XI-5 Net unrealized gains (losses) on investments$26,014
XI-9 Other changes in net assets−$278,721
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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