Flcct Inc
- Assets
- $446.2k
- Revenue
- $304.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 34-2018800
Organization Overview
Flcct Inc, operating under the name Financial Health Pathways, is located in Austin, TX. The organization was established in 2005. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, Financial Health Pathways employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Financial Health Pathways 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 12/2021, Financial Health Pathways generated $304.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $159.5k during the year ending 12/2021. While expenses have increased by 22.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FLCCT, INC. IS A COMMUNITY BASED ORGANIZATION FOCUSED ON IMPROVING THE FINANCIAL HEALTH OF TEXANS. WE ADVOCATE ON BEHALF OF THE UNDER-SERVED AND PROVIDE THEM WITH EDUCATION AND RESOURCES TO ACHIEVE FINANCIAL FREEDOM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVED THE FINANCIAL HEALTH OF TEXANS BY CREATING EQUITABLE FINANCIAL SYSTEMS, INCREASING ACCESS TO FAIR FINANCIAL PRODUCTS & SERVICES, AND DESIGNING AND SUPPORTING FINANCIAL CAPABILITY PROGRAMS THAT PROMOTE ASSET BUILDING AND GENERATIONAL WEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lourdes Zuniga Executive Director | Officer | 40 | $121,902 |
Debra Urias Treasurer | OfficerTrustee | 4 | $0 |
Kellie Sauls President | OfficerTrustee | 2 | $0 |
Jessica Forrest Director | Trustee | 2 | $0 |
Margaret Rittenhouse Director | Trustee | 2 | $0 |
Sandra Vantilburg Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,940 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,940 |
| Total Program Service Revenue | $12,500 |
| Investment income | $0 |
| 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 | $304,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,923 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,902 |
| Compensation of current officers, directors, key employees. | $12,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,105 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,855 |
| 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 | $752 |
| Advertising and promotion | $614 |
| Office expenses | $4,458 |
| Information technology | $6,090 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $282 |
| 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 | $1,568 |
| All other expenses | $0 |
| Total functional expenses | $159,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,714 |
| 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 | $10,442 |
| 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 | $446,156 |
| Accounts payable and accrued expenses | $1,449 |
| 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 | $1,449 |
| Net assets without donor restrictions | $358,874 |
| Net assets with donor restrictions | $85,833 |
| 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 | $446,156 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Flcct Inc has recieved totaling $15.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quickcert Tulsa, OK | $2,343,407 | $2,400,741 |
Debt Education And Certification Foundation Fort Worth, TX | $2,181,103 | $1,641,637 |
Credit Counseling Of Arkansas Inc Fayetteville, AR | $985,008 | $1,311,283 |
True To Life Ministries Lake Jackson, TX | $1,257,058 | $709,455 |
Midland Community Development Corporation Midland, TX | $4,099,688 | $2,295,541 |
Freedom 5 One Ministries Inc Fayetteville, AR | $49,283 | $395,535 |
Foundation 99 West Lake Hills, TX | $18,692 | $0 |
Spottswood Community Development Corporation New Orleans, LA | $257,528 | $286,037 |
Flcct Inc Austin, TX | $446,156 | $304,440 |
Center For Consumer Recovery Inc Tulsa, OK | $230,601 | $0 |
Compass Finances Gods Way Arkansas Inc North Little Rock, AR | $58,295 | $0 |
Credit Coalition Houston, TX | $170,850 | $0 |