Straighttalk Association For Financial Empowerment
- Assets
- $416.6k
- Revenue
- $231.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Corning, NY
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 27-3840203
Organization Overview
Straighttalk Association For Financial Empowerment is located in Corning, NY. The organization was established in 2011. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Straighttalk Association For Financial Empowerment is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Straighttalk Association For Financial Empowerment generated $231.7k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $67.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SAFE IS TO PROVIDE ALL MEMBERS OF OUR COMMUNITY WITH THE KNOWLEDGE, SKILLS, AND TOOLS NECESSARY FOR FINANCIAL SUCCESS THROUGHOUT ALL PHASES OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER OUR OWN PROGRAMS AND RESOURCES -- SUCH AS OUR SCHOLARSHIP PROGRAM -- AND ALSO PROVIDE FINANCIAL EDUCATION TO INDIVIDUALS AT A VARIETY OF AGES, INCOME LEVELS, AND LIFE STAGES BY PARTNERING WITH OTHER NON-PROFIT ORGANIZATIONS.MOST NOTABLY IN 2022, SAFE AWARDED A TOTAL OF $40,000 IN SCHOLARSHIPS TO 10 INDIVIDUALS WITH ESTABLISHED PLANS TO TAKE THE NEXT STEP IN THEIR EDUCATION, DEVELOPMENT, OR CAREER, INCLUDING VOCATIONAL STUDIES AND MILITARY ENROLLMENT. RECIPIENTS ARE CHOSEN BASED ON THEIR CONTRIBUTIONS TOWARD HELPING PEOPLE, SERVING THE UNDERSERVED, AND MAKING AN IMPACT IN AND GIVING BACK TO THEIR COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Howard President And Treasurer | OfficerTrustee | 1 | $0 |
Carolyn Connelly Vice President | OfficerTrustee | 1 | $0 |
John Wood Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $231,380 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,380 |
| Total Program Service Revenue | $0 |
| Investment income | $295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| Grants and other assistance to domestic individuals. | $40,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,550 |
| Advertising and promotion | $190 |
| Office expenses | $384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,115 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,560 |
| All other expenses | $2,923 |
| Total functional expenses | $67,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,585 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $416,585 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $416,585 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $416,585 |