Financial Beginnings Oregon

Portland, OR · Unknown exempt organization

Revenue
$227K
-66% vs prior year
Spent
$523K
To programs
66%
Net assets
$0
By yearFY2020–FY2024
Revenue
$227K
FY2024▼ -66%
Revenue by fiscal year
FY2020$551K
FY2021$756K
FY2022$732K
FY2023$662K
FY2024$227K
Expenses
$523K
FY2024▼ -21%
Expenses by fiscal year
FY2020$514K
FY2021$633K
FY2022$696K
FY2023$665K
FY2024$523K
Net assets
$0
FY2024▼ -100%
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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CFinancial Beginnings Oregon
EINHdr · item D81-4643539
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPortland, OR
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.finbegor.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.13 Fundraising $0.21
Program services66%$347K
Management & general13%$67K
Fundraising21%$109K
Total functional expensesLn 25$523K

Financial health

Is it on solid ground?

Surplus margin
-130%
revenue over expenses, this year▼ -23761% vs prior filing year
Program spending
66%
of expenses reach programs▼ -12% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$0
FY2024▼ -100%
Total assets by fiscal year
FY2020$541K
FY2021$718K
FY2022$614K
FY2023$585K
FY2024$0
Total liabilities
$0
FY2024▼ -100%
Total liabilities by fiscal year
FY2020$104K
FY2021$147K
FY2022$42K
FY2023$36K
FY2024$0
Revenue less expensesPt I · Ln 19−$296K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Statement of Revenue

Part VIII
Contributions & grants$220K · 97%
Investment income$7K · 3%
Contributions & grants97%$220K
Investment income3%$7K
Other revenue$150
Total revenueLn 12$227K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $523K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $347K · Total expenses $523K
66%
Management & General
Management & general $67K · Total expenses $523K
13%
Fundraising
Fundraising $109K · Total expenses $523K
21%
Cost to raise $1
Fundraising expense (3-yr avg) $102K · Solicited contributions (3-yr avg) $464K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $220K · Total revenue $227K
97%
Government reliance
Government grants — · Total revenue $227K
—
Earned-income share
Program service revenue $0 · Total revenue $227K
0%
Investment reliance
Investment income $7K · Total revenue $227K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $523K
0%
Growth & trend
Revenue growth (YoY)
This year $227K · Prior year $662K
-66%
Revenue CAGR
FY2019 $551K · FY2023 $227K
-20%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $227K · Expenses $523K
-130%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alexander Manoogian · Reported title President & CEO · Highest reported compensation $133K · Total expenses $523K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $303K · Total expenses $523K
58%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $73K · Gross raised $184K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 66%——
Overhead ratio 13%——
Fundraising cost ratio 50%——
Revenue growth -66%——
Legal fee ratio 1%——
Accounting fee ratio 4%——
Fundraising fee ratio 14%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

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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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers individuals to gain control of their financial futures.

Provided by the organization

This section is blank until Financial Beginnings Oregon claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $347K of program spending, described in the organization's 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

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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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $227K$523K-66% 990 PDF
FY2023 $662K$665K-10% 990 PDF
FY2022 $732K$696K-3% 990 PDF
FY2021 $756K$633K+37% 990 PDF
FY2020 $551K$514K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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