Financial Empowerment Network

Tax-deductible

Renton, WA501(c)(3)Since 2017Public & Societal BenefitEIN 82-2691437Revenue $465K in FY2025

On file with the IRSfenwa.org17701 108th Ave Se Pmb 101, 98055-6448 · Renton, WATax-exempt since Apr 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Vision we envision communities where low- and moderate-income individuals and families are able to achieve Financial well-being.mission we advance Financial Empowerment through partnerships that support access to affordable, effective, and relevant services, and other resources.our process we serve as a liaison and broker to create connections, disseminate evidence-based and promising practices, and bring resources to Network of providers in order to integrate Financial Empowerment into other services including anti-poverty strategies.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$99K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $13K a year · 3% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
to officers and key staff · 15% of spending
Top officer’s pay higher than 75% of similar orgs
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$465K
-28% vs prior year
Spent
$663K
To programs
82%
Net assets
$318K
By yearFY2020–FY2025
Revenue
$465K
FY2025▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$128K
FY2021$186K
FY2022$190K
FY2023$308K
FY2024$648K
FY2025$465K
Expenses
$663K
FY2025▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$261K
FY2024$457K
FY2025$663K
Net assets
$318K
FY2025▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2020$58K
FY2021$94K
FY2022$106K
FY2023$325K
FY2024$516K
FY2025$318K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2018.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $542K Management & general 18% · $121K

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

11 people listed on the 990; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$98,808Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Quiroz’s $99K as Executive Dir. is at the 75th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Alice Coday—————$103,866
Jenifer Quiroz—$100,140————
Jennifer Quiroz$98,808—$93,800$90,000$36,577—

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 and families to achieve financial well-being through access to affordable services and resources.

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Provided by the organization

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3 programs · $542K · in their own filed words · FY2025
01

Financial Empowerment Integration

Lead a statewide network of financial wellness providers and participating organizations to promote the integration of financial empowerment into other service systems through professional development workshops, convenings or partner organizations and staff, trainings and technical assistance for partner organizations, and provision of…

$331Kprogram expense
02

Bank on

Lead the statewide Bank On Washington initiative to connect un and under-banked individuals to safe, affordable, and accessible financial products and services. Also lead the local Bank On Seattle/King County initiative.

$121Kprogram expense
03

Asset Building Coalition

WABC is the lead in Washington State for promoting policies, programs and strategies for helping low-income individuals and communities build assets that will provide them with an economic foundation to thrive.

$90Kprogram 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$4K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$465K
Ln 12
Gifts and grantsLn 1h$458K
Investment incomeLn 3$7K
Money outPt IX
$663K
Ln 25
Programscol B$542K
Managementcol C$121K
Owns and owesPt X
$318K
net assets · Ln 32
Cash and savingsLn 1–2$319K
Total assetsLn 16$319K
LiabilitiesLn 26$1K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$458K
Investment incomeLn 3$7K
Gains on assetsLn 7$0
Total revenueLn 12$465K
Assets in detailPt X, end of year
CashLn 1$319K
SavingsLn 2$0
Cash and savings togetherLn 1–2$319K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$319K
LiabilitiesLn 26$1K
Net assetsLn 32$318K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$516K$319K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$516K$319K
LiabilitiesLn 26$0$1K
Net assetsLn 32$516K$318K
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$99K$66K$33K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$241K$240K$626
Pension plan contributionsLn 8$16K$14K$2K
Other employee benefitsLn 9$11K$10K$1K
Payroll taxesLn 10$38K$34K$4K
Management feesLn 11a$0
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$153K$107K$45K
Advertising and promotionLn 12$0
Office expensesLn 13$2K$737$982
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$7K$6K$1K
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$4K$4K
Other expenses (24a–d)Ln 24$65K$58K$6K
All other expensesLn 24e$11K$5K$6K
Total functional expensesLn 25$663K$542K$121K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $465K$663K−$198K$318K 990 PDF
FY2024 $648K$457K$191K$516K 990 PDF
FY2023 $308K$261K$47K$325K 990 PDF
FY2022 $190K$106K 990 PDF
FY2021 $186K$94K 990 PDF
FY2020 $128K$58K 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 FY2025 990 (6 parts)
Part I · Summary $465,476 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $642,795$458,258
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,309$7,218
I-11 Other revenue$0
I-12 Total revenuePrior year $648,104$465,476
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $313,972$404,355
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $143,524$258,896
I-18 Total expensesPrior year $457,496$663,251
I-19 Revenue less expensesPrior year $190,608−$197,775
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $465,476 across 8 lines filed
VIII-1f All other contributions, gifts and grants$458,258
VIII-1h Total contributions, gifts and grants$458,258
VIII-3 Investment incomeRelated to mission $7,218$7,218
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-12 Total revenueRelated to mission $7,218$465,476
Part IX · Statement of functional expenses $663,251 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 $65,856 · Management $32,952$98,808
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $240,123 · Management $626$240,749
IX-8 Pension plan contributionsPrograms $14,185 · Management $1,606$15,791
IX-9 Other employee benefitsPrograms $10,275 · Management $1,163$11,438
IX-10 Payroll taxesPrograms $33,748 · Management $3,821$37,569
IX-11a Management fees$0
IX-11b Legal feesManagement $7,349$7,349
IX-11c Accounting feesManagement $10,268$10,268
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $107,371 · Management $45,212$152,583
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $737 · Management $982$1,719
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $6,339 · Management $1,053$7,392
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 InsuranceManagement $4,311$4,311
IX-24 Other expenses (24a–d)Programs $58,376 · Management $6,230$64,606
IX-24e All other expensesPrograms $4,956 · Management $5,712$10,668
IX-25 Total functional expensesPrograms $541,966 · Management $121,285 · Fundraising $0$663,251
Part X · Balance sheet $319,334 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $515,662$319,334
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$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 securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3$0
X-16 Total assetsStart of year $515,665$319,334
X-17 Accounts payable and accrued expenses$1,444
X-26 Total liabilitiesStart of year $0$1,444
X-27 Net assets without donor restrictionsStart of year $515,665$317,890
X-32 Total net assets or fund balancesStart of year $515,665$317,890
X-33 Total liabilities and net assetsStart of year $515,665$319,334
Part XI · Reconciliation of net assets $317,890 net assets at year end
XI-1 Total revenue$465,476
XI-2 Total expenses$663,251
XI-3 Revenue less expenses−$197,775
XI-4 Net assets at start of year$515,665
XI-10 Net assets at end of year$317,890

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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