BAY AREA FINANCIAL EDUCATION FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BAY AREA FINANCIAL EDUCATION FOUNDATION (EIN 33-1163601)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-08-19
IRS object ID
202402339349300100
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-08-19T23:28:12-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475525639PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TANDEM LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1446 Old County Road Suite 100-140AddressLine1Txt
CityPacificaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94044ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN331163601EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Bay Area Financial Education FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBAYABusinessNameControlTxt
Phone4156636933PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1166 27th AveAddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94121ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSalina YeungPersonNm
Person TitleTreasurerPersonTitleTxt
Phone4158398197PhoneNum
Signature2024-08-19SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLynn HenleyPreparerPersonNm
PTINP00356034PTIN
Phone6503509805PhoneNum
Preparation2024-08-19PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCameron A Crisman CFAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1166 27th AveAddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94121ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$103,389GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.bafef.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2007FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionOur mission is to improve the economic education and financial literacy of Bay Area Youth.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$110,659PYContributionsGrantsAmt
CY Contributions Grants$103,357CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$26PYInvestmentIncomeAmt
CY Investment Income$32CYInvestmentIncomeAmt
PY Other Revenue$2,439PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$113,124PYTotalRevenueAmt
CY Total Revenue$103,389CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$80,438PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$82,046CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$17,554CYTotalFundraisingExpenseAmt
PY Other Expenses$15,854PYOtherExpensesAmt
CY Other Expenses$31,225CYOtherExpensesAmt
PY Total Expenses$96,292PYTotalExpensesAmt
CY Total Expenses$113,271CYTotalExpensesAmt
PY Revenues Less Expenses$16,832PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$9,882CYRevenuesLessExpensesAmt
Total Assets BOY$114,462TotalAssetsBOYAmt
Total Assets EOY$104,971TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$114,462NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$104,971NetAssetsOrFundBalancesEOYAmt
MissionOur mission is to improve the economic education and financial literacy of Bay Area Youth.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$75,803ExpenseAmt
DescIn 2023, BAFEF continued to expand its financial literacy program through student workshops. Taught by credentialed volunteers from the financial services industry, these workshops are offered to high school and college students, providing them with the basics of personal finance, which is currently not provided through California's public school system. Our classes are provided for free and cover topics including budgeting, credit, paying for college and taxes. We focus on reaching underserved and at-risk youth. The Foundation presented 65 workshops in 2023.Desc
Total Program Service Expenses$75,803TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Salina YeungBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4156636933PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1166 27th AveAddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94121ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Cameron A Crisman CFA
President3.00Yes (X)Yes (X)$0$0$0
Salina Yeung
Treasurer3.00Yes (X)Yes (X)$0$0$0
Sharon Hayman CFA
VP, Secretary2.00Yes (X)$0$0$0
Jane Lopus Ph D
Director2.00Yes (X)$0$0$0
Erik Satre CPA
Director2.00Yes (X)$0$0$0
Jennifer Morimoto
Director2.00Yes (X)$0$0$0
Julies Scates CFP
Director2.00Yes (X)$0$0$0
Tina Marchetti
Executive Director23.00Yes (X)$82,046$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$82,046TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$103,357AllOtherContributionsAmt
Total Contributions$103,357TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$32TotalRevenueColumnAmt
Exclusion$32ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$103,389TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$32ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$82,046TotalAmt
Program Services$46,938ProgramServicesAmt
Management And General$17,554ManagementAndGeneralAmt
Fundraising$17,554FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$675TotalAmt
Management And General$675ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,038TotalAmt
Program Services$4,038ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,362TotalAmt
Program Services$3,362ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$50TotalAmt
Program Services$50ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,157TotalAmt
Management And General$1,157ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
EW Event$15,660$15,660
Student Workshop Expens$5,063$5,063
Bank Service Charges$874$692$182
Licenses and Fees$346$346

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$113,271TotalAmt
Program Services$75,803ProgramServicesAmt
Management And General$19,914ManagementAndGeneralAmt
Fundraising$17,554FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$114,687BOYAmt
EOY$104,971EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY-$225BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$114,462BOYAmt
EOY$104,971EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$114,462BOYAmt
EOY$104,971EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$114,462BOYAmt
EOY$104,971EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$114,462BOYAmt
EOY$104,971EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$9,882ReconcilationRevenueExpnssAmt
Prior Period Adjustments$391PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$99,792CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$65,005CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$176,088CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$110,659CurrentTaxYearMinus1YearAmt
Current Tax Year$103,357CurrentTaxYearAmt
Total$554,901TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$99,792CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$65,005CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$176,088CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$110,659CurrentTaxYearMinus1YearAmt
Current Tax Year$103,357CurrentTaxYearAmt
Total$554,901TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$154,806SubstantialContributorsTotAmt
Public Support Total170$400,095PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$26CurrentTaxYearMinus1YearAmt
Current Tax Year$32CurrentTaxYearAmt
Total$58TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$5CurrentTaxYearMinus1YearAmt
Total$5TotalAmt
FieldValueIRS element (for citing)
Total Support$554,964TotalSupportAmt
Gross Receipts Rltd Activities$2,494GrossReceiptsRltdActivitiesAmt
Public Support CY1700.72090PublicSupportCY170Pct
Public Support PY1700.75080PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bThe Form 990 is prepared by an independent CPA. The prepared return is reviewed by the Executive Director and Treasurer. Following approval by the Executive Director and Treasurer, the Form 990 is provided to all members of the governing body.
Form 990, Part VI, Section B, line 12cThe Organization requires each Board member to disclose any conflicts annually.
Form 990, Part VI, Section C, line 19The Organization makes its Form 990 and Form 1023 available in accordance with the requirements established by the IRS. The Organization's Annual Reports and bylaws are available on the Organization's website at www.bafef.org.

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