Finm Solutions FY2023 filing

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To offer essential resources, training, mentoring, and advocacy to small organizations, helping them achieve success and support the communities that they serve.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-2248065) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$32K 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

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $12K a year · 11% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 21% of spending
Pay to officers and key staff is 21% of spending.
Part VII, Section A
2.1 mo
of spending, in cash
2.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$21K
83% of total assets
Liabilities are 83% of assets.
Pt X · Ln 26
Independent board members
2
of 3 voting members
2 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$151K
Spent
$149K
To programs
99%
Net assets
$4K
By yearFY2023–FY2024
Revenue
$151K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$151K
FY2024$64K
Expenses
$149K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$149K
FY2024$89K
Net assets
$4K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$4K
FY2024−$7K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2021.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $148K Fundraising 2% · $3K

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

3 people listed on the 990; $32K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$31,821Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Shaniece Bennett’s $32K as President is at the 71st percentile of top reported officer pay among 168 <$100K community development 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.

See Finm Solutions executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers small organizations with resources, training, mentoring, and advocacy for community impact.

Questions for Finm Solutions

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1 program · $148K · in their own filed words · FY2023
01

Completed research on professional services skills gaps in the community and developed new pathways to prosperity program in response to research.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-2248065) · Dispute this line
$148Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$151K
Ln 12
Gifts and grantsLn 1h$151K
Money outPt IX
$149K
Ln 25
Programscol B$148K
Fundraisingcol D$3K
Owns and owesPt X
$4K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$21K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$151K
Government grantsLn 1e$151K
Total revenueLn 12$151K
Assets in detailPt X, end of year
CashLn 1$26K
Cash and savings togetherLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$21K
Net assetsLn 32$4K
OperationsPt I, VI
EmployeesI 51
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
LineStart FY23End FY23
Cash and savingsLn 1–2$3K$26K
Total assetsLn 16$3K$26K
LiabilitiesLn 26$0$21K
Net assetsLn 32$3K$4K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$31K$31K
Other salaries and wagesLn 7$43K$43K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$52K$49K$3K
Office expensesLn 13$3K$3K
OccupancyLn 16$794$794
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$4K$4K
Other expenses (24a–d)Ln 24$2K$2K$284
All other expensesLn 24e−$1K$901−$2K
Total functional expensesLn 25$149K$148K−$2K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 11, 2025 $64K$89K−$25K−$7K 990 PDF
FY2023 ViewingFiled with the IRS Aug 5, 2024 $151K$149K$2K$4K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $151,158 revenue, 12 lines filed
I-8 Contributions and grants$151,158
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$151,158
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$80,981
I-16a Professional fundraising fees$0
I-17 Other expenses$68,401
I-18 Total expenses$149,382
I-19 Revenue less expenses$1,776
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
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 $151,158 across 3 lines filed
VIII-1e Government grants$151,158
VIII-1h Total contributions, gifts and grants$151,158
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$151,158
Part IX · Statement of functional expenses $149,382 across 11 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $31,471$31,471
IX-7 Other salaries and wagesPrograms $43,040$43,040
IX-10 Payroll taxesPrograms $6,470$6,470
IX-11c Accounting feesPrograms $5,307$5,307
IX-11g Other fees for servicesPrograms $48,760 · Fundraising $3,000$51,760
IX-13 Office expensesPrograms $3,011$3,011
IX-16 OccupancyPrograms $794$794
IX-17 TravelPrograms $2,840$2,840
IX-22 Depreciation, depletion and amortizationPrograms $3,639$3,639
IX-24 Other expenses (24a–d)Programs $1,895 · Management $284$2,179
IX-24e All other expensesPrograms $901 · Management −$2,030−$1,129
IX-25 Total functional expensesPrograms $148,128 · Management −$1,746 · Fundraising $3,000$149,382
Part X · Balance sheet $25,540 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $2,512$25,540
X-16 Total assetsStart of year $2,512$25,540
X-17 Accounts payable and accrued expenses$21,252
X-26 Total liabilitiesStart of year $0$21,252
X-27 Net assets without donor restrictionsStart of year $2,512$4,288
X-32 Total net assets or fund balancesStart of year $2,512$4,288
X-33 Total liabilities and net assetsStart of year $2,512$25,540
Part XI · Reconciliation of net assets $4,288 net assets at year end
XI-1 Total revenue$151,158
XI-2 Total expenses$149,382
XI-3 Revenue less expenses$1,776
XI-4 Net assets at start of year$2,512
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,288

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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