Center For Financial Education in Sioux Center, Iowa (IA)
Table of contents:
| Center For Financial Education | |
| Employer Identification Number (EIN) | 270000343 |
| Name of Organization | Center For Financial Education |
| Address | 334 N Main Ave, Sioux Center, IA 51250-1852 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $115,532 |
| Amount of Income | $185,462 |
| Form 990 Revenue Amount | $162,522 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Financial Counseling, Money Management |
Non-representatives - add comments:
Amount of income in 2013: $185,462 (it was $126,521 in 2012)
| This organization: | $185,462 |
| Other organizations performing similar types of work: | $933,558 |
Assets in 2013: $115,532 (it was $78,954 in 2012)
| This organization: | $115,532 |
| Other organizations performing similar types of work: | $299,369 |
Expenses in 2013: $113,109
| Center For Financial Education: | $113,109 |
| Other organizations performing similar types of work: | $1,763,344 |
Income to expenses ratio in 2013: 1.6
| This organization: | 1.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 96.9%
| This organization: | 96.9% |
| Other organizations performing similar types of work: | -,nan,(ind)% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $101,267 | $126,521 | $162,522 |
| Contributions, gifts, grants, and similar amounts received | $101,172 | $126,470 | $157,498 |
| Program service revenue including government fees and contracts | $0 | $0 | $27,806 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $95 | $51 | $158 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $-22,940 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $22,940 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $102,460 | $105,244 | $113,109 |
| Total net assets | $43,382 | $64,659 | $114,072 |
| Excess/Deficit for the year | $-1,193 | $21,277 | $49,413 |
| Net assets or fund balances at beginning of year | $44,575 | $43,382 | $64,659 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $64,659 | $114,072 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $55,086 | $78,954 | $115,532 |
| Total liabilities | $11,704 | $14,295 | $1,460 |
| Net assets or fund balances | $43,382 | $64,659 | $114,072 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $582,574 |
| Subtotal | $582,574 |
| Gifts, grants, contributions, and membership fees received | $582,574 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $583,186 |
| Public support | $582,574 |
| Subtotal | $612 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $612 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Clearpoint Financial Solutions Inc | 8000 Franklin Farms Dr, Richmond, VA 23229-5002 | VA | 1999-12 | $19,345,938 |
| 2 | National Credit Education & Review | Canton, MI 48187 | MI | $7,474,947 | |
| 3 | National Endowment For Financial Education | 1331 17th St Ste 1200, Denver, CO 80202-1595 | CO | 2003-04 | $2,478,577 |
| 4 | Hebrew Free Loan Society Inc | 675 3rd Ave Rm 1905, New York, NY 10017-5727 | NY | 1926-12 | $1,638,262 |
| 5 | Consumer Credit Counseling Service Of South Texas | PO BOX 7789, Crp Christi, TX 78467-7789 | TX | 1995-09 | $1,577,649 |
| 6 | Life And Health Insurance Protection Association | PO BOX 36009, Denver, CO 80236-0009 | CO | 1993-01 | $1,144,542 |
| 7 | National Center For Debt Elimination | Irwin, PA 15642 | PA | $923,749 | |
| 8 | One Economy Corporation | 1776 I St Nw Fl 9, Washington, DC 20006-3708 | DC | 2000-10 | $23,800,348 |
| 9 | West Florin Representative Payee Services & Nordhus Inc, Wfrpsn | 7225 E Southgate Dr Ste B, Sacramento, CA 95823-2650 | CA | 1997-12 | $4,372,687 |
| 10 | Consumer Credit Counseling Service Of Alaska, National Foundation For Consumer Cr | 208 E 4th Ave, Anchorage, AK 99501-2508 | AK | 1974-07 | $933,558 |
| 11 | Family Life Services Inc | PO BOX 850, West Fargo, ND 58078-0850 | ND | 1994-06 | $679,456 |
| 12 | Best Credit Service Inc | 1120 Easton Road, Willow Grove, PA 19090-1929 | PA | 2000-09 | $403,550 |
| 13 | H S Dent Foundation | 15016 Mountain Creek Trl, Frisco, TX 75035-7406 | TX | 1996-02 | $371,374 |
| 14 | Center For Financial Education | 334 N Main Ave, Sioux Center, IA 51250-1852 | IA | 2003-01 | $185,462 |
| 15 | Payee Services Inc | 2901 Douglas Ave Suite 2d, Des Moines, IA 50310-5804 | IA | 1999-05 | $164,600 |
| 16 | Compass Wisconsin Inc | 606 W College Ave, Wittenberg, WI 54499 | WI | 2013-12 | $0 |
| 17 | Exodus Financial Empowerment Center | 1300 Mercantile Lane, Largo, MD 20774-5327 | MD | 2014-08 | $0 |
| 18 | Mississippi Womens Financial Education Foundation | 501 N W 1101 Woolfolk Office Bldg S, Jackson, MS 39201 | MS | 2000-09 | $0 |
| 19 | New Sports Economy Institute, Allsportsmarket | 6942 Fm 1960 Road East 384, Humble, TX 77346 | TX | 2014-08 | $0 |
| 20 | Right-Way Direction Inc | 3833 Lockland Dr Apt 2, Los Angeles, CA 90008-3527 | CA | 2014-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||
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| Total | 22 | ||||||||||||||||||||||||||||||||
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