Nonprofit · EIN 20-3530960
FINANCIAL BEGINNINGS
Tax-exempt · PORTLAND, OR 97205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,301,876 | $2,222,264 | $79,612 | $1,345,486 | $251,626 | $1,093,860 |
| June 30, 2024 | 990 | $1,238,981 | $1,553,324 | -$314,343 | $1,230,464 | $216,216 | $1,014,248 |
| June 30, 2023 | 990 | $1,855,588 | $1,107,901 | $747,687 | $892,367 | $148,250 | $744,117 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,964,696
- of which government grants
- $110,000
- Program service revenue
- $201,730
- Investment income
- $64,581
- Other revenue
- $70,869
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $163,543
- Other salaries and wages
- $1,343,846
- Salaries, compensation and benefits (total)
- $1,845,754
- Professional fundraising fees
- $0
- Legal fees
- $225
- Accounting fees
- $61,138
- Occupancy
- $50,372
- Travel
- $35,105
- Program services (functional)
- $1,370,829
- Management and general (functional)
- $490,327
- Fundraising (functional)
- $361,108
Balance sheet and other
- Total assets, start of year
- $1,230,464
- Total assets, end of year
- $1,345,486
- Total liabilities, end of year
- $251,626
- Net assets, end of year
- $1,093,860
- Net assets without donor restrictions
- $921,664
- Net assets with donor restrictions
- $172,196
- Gross receipts
- $2,301,876
- Employees
- 23
- Volunteers
- 86
- Year formed
- 2005
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONECCA NORVELL | CEO Trustee or director, Officer | 40 | $163,543 |
| PEDAR BRUCE | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMESE BEAUFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| DON BIELEN | Treasurer Trustee or director, Officer | 1 | $0 |
| KEN CALHOUN | BOARD MEMBER Trustee or director | 1 | $0 |
| LIZA LIPSON | BOARD MEMBER Trustee or director | 1 | $0 |
| HOLLY FILES | CHAIR ELECT Trustee or director, Officer | 1 | $0 |
| HEIDI SEXTON | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE HERRLE | Secretary Trustee or director, Officer | 1 | $0 |
| FREWINE KIROS | BOARD MEMBER Trustee or director | 1 | $0 |
| MARTHA MICKELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| LOGWONE WARRIOR MITZ | BOARD MEMBER Trustee or director | 1 | $0 |
| AMANDA LANG | BOARD MEMBER Trustee or director | 1 | $0 |
| Grasiela Quevedo-Ramos | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM SOMA | CHAIR Trustee or director, Officer | 1 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN STIREK | ADVISORY BOARD Trustee or director | 1 | $0 |
| JOHN STIREK SR | ADVISORY BOARD Trustee or director | 1 | $0 |
| JEFF STRICKLER | BOARD MEMBER Trustee or director | 1 | $0 |
| DUNCAN TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 |
| MARC WRIGHT | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIDGET BANZ | BOARD MEMBER Trustee or director | 1 | $0 |
| KIM WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| AMY THEUMA | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RONECCA NORVELL | CEO Officer | 40 | $155,752 | $6,556 |
| AMY THEUMA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMESE BEAUFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONALD L BIELEN | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| KEN CALHOUN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SEAN EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HOLLY FILES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE FISHER | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| JOE HERRLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FREWINE KIROS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARTHA MICKELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LOGWONE WARRIOR MITZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMANDA LANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HEIDI SEXTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM SOMA | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN STIREK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN STIREK SR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF STRICKLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DUNCAN TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARC WRIGHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIDGET BANZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MELODY BELL | CEO, FOUNDER (PART YEAR) Officer | 40 | $146,553 | $8,100 |
| TIMOTHY CHRISTY | COO Highest-paid employee | 40 | $105,099 | $12,678 |
| RONECCA NORVELL | CEO (PART YEAR) Officer | 40 | $49,298 | $5,167 |
| TOM SOMA | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DONALD BIELEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL FISHER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRIDGET BANZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMESE BEAUFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HOLLY FILES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FREWINE KIROS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARTHA MICKELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF STRICKLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN STIREK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN STIREK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 619 SW 11TH AVE, PORTLAND, OR 97205-2625
- In care of
- % RONECCA NORVELL
- Principal officer (990 for 2024)
- RONECCA NORVELL, 619 SW 11TH AVE, PORTLAND, OR 97205
- Signed the 990
- RONECCA NORVELL, CEO
- Phone
- (800) 406-1876
- Website
- WWW.FINANCIALBEGINNINGS.ORG
- Return prepared by
- Bashar & Johnson PC
Mission
FINANCIAL BEGINNINGS EMPOWERS YOUTH AND ADULTS TO TAKE CONTROL OF THEIR FINANCIAL FUTURE.
Program accomplishments
- FINANCIAL BEGINNINGS FULFILLS ITS MISSION BY PROVIDING FINANCIAL EDUCATION AND EMPOWERMENT OPPORTUNITIES. AS A NATIONAL NONPROFIT, FINANCIAL BEGINNINGS PROVIDES PROGRAMS TO LEARNERS ACROSS THE UNITED STATES.FINANCIAL BEGINNINGS INCREASES THE FINANCIAL CAPABILITY OF YOUTH AND ADULTS, WHICH ALLOWS THEM TO LIVE WITH LESS FINANCIAL UNCERTAINTY. OUR GOALS ARE TO INCREASE KNOWLEDGE AND CONFIDENCE AROUND PERSONAL FINANCE TOPICS TO HELP PEOPLE ACHIEVE THEIR PERSONAL GOALS SUCH AS HOME OWNERSHIP, HIGHER EDUCATION, AND SECURE RETIREMENT.FINANCIAL BEGINNINGS WORKS TO:- PROMOTE FINANCIAL WELLNESS BY TEACHING AND EMPOWERING INDIVIDUALS TO IMPROVE THEIR FINANCIAL HEALTH PROACTIVELY-ENHANCE FINANCIAL KNOWLEDGE, CONFIDENCE, AND RESILIENCY AMONG UNDERSERVED POPULATIONS.- SUPPORT INDIVIDUALS IN UNDERSTANDING, ACCESSING, AND PARTICIPATING IN FINANCIAL SERVICES. - PROVIDE AGE-APPROPRIATE FINANCIAL EDUCATION THAT MEETS OR EXCEEDS STATE-SPECIFIC STANDARDS. - CREATE COMMUNITIES THAT UNDERSTAND THE NEED FOR FINANCIAL EDUCATION, BUILDING PARTNERSHIPS THAT WORK COLLABORATIVELY TOWARDS INCREASED FINANCIAL LITERACY AND EMPOWERMENT. THESE GOALS ARE ACCOMPLISHED THROUGH FINANCIAL BEGINNINGS' MAIN PROGRAM, WHICH INCLUDES AGE-APPROPRIATE LESSONS FOR YOUTH IN GRADES K-12, AS WELL AS PROGRAMMING FOR COLLEGE STUDENTS AND ADULTS. PROGRAMS ARE PROVIDED IN PARTNERSHIP WITH SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS. FINANCIAL BEGINNINGS HAS ALSO DEVELOPED ONLINE PROGRAMMING TO COMPLEMENT IN-PERSON LESSONS.Expenses $1,370,829
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3530960
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $1,345,486
- Income (IRS master file)
- $2,301,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,301,876 | $2,222,264 | $1,345,486 | IRS |
| 990 | June 2024 | $1,238,981 | $1,553,324 | $1,230,464 | IRS |
| 990 | June 2023 | $1,855,588 | $1,107,901 | $892,367 | XML |
| 990 | June 2022 | $739,533 | $958,158 | $67,187 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3530960).
Questions about FINANCIAL BEGINNINGS
- What is the EIN of FINANCIAL BEGINNINGS?
- The employer identification number (EIN) of FINANCIAL BEGINNINGS is 20-3530960.
- Is FINANCIAL BEGINNINGS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to FINANCIAL BEGINNINGS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINANCIAL BEGINNINGS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FINANCIAL BEGINNINGS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FINANCIAL BEGINNINGS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FINANCIAL BEGINNINGS?
- The 990 for the year ended June 30, 2025 names RONECCA NORVELL.
- Who are the officers and directors of FINANCIAL BEGINNINGS?
- The 990 for the year ended June 30, 2025 lists 23 people; 1 received compensation from the organization, the highest $163,543 (RONECCA NORVELL, CEO).
- How much revenue does FINANCIAL BEGINNINGS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,301,876, expenses of $2,222,264 and total assets of $1,345,486 at year end.
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