2020-07-30T15:56:51-05:00 2019-09-30 390974031 WEGNER CPAS LLP 230 PARK AVE FL 3 NEW YORK NY 101690005 990 2018-10-01 760833915 THE FINANCIAL CLINIC FINA 6468104050 254 36TH ST UNIT 16 STE B321 BROOKLYN NY 112322401 MAE WATSON GROTE FOUNDER AND CEO 6468104050 2020-07-29 1 YIGIT UCTUM CPA P01269549 2125511724 66.222.124.178 2020-07-29 10:14:42 CD P BB9037E3AA85FAE4E129294E83CD7747F0718998 74B0C536FBDEA54BE69F712409E5EA3D5A3AE8D3 2018 2020-09-23 17:36:50Z MAE WATSON GROTE 254 36TH ST UNIT 16 STE B321 BROOKLYN NY 112322401 5297334 0 X THEFINANCIALCLINIC.ORG X 2006 NY THE CLINIC'S VISION IS FOR THE UNITED STATES TO BE A NATION WHERE EVERYONE IS FINANCIALLY SECURE. 10 10 0 12 0 0 1276115 4658547 691033 636282 819 2505 0 0 1967967 5297334 0 0 0 0 3171071 2480605 0 0 355644 1190077 945086 4361148 3425691 -2393181 1871643 3456366 5322432 827134 821557 2629232 4500875 X THE FINANCIAL CLINIC'S MISSION IS TO BUILD WORKING POOR PEOPLE'S FINANCIAL SECURITY THROUGH AN ECOSYSTEM OF STRATEGIES THAT INCLUDES DIRECT SERVICE, CAPACITY BUILDING WITH OTHER NONPROFITS AND SYSTEMS-LEVEL SOLUTIONS AND SOCIAL INNOVATIONS TO CREATE LASTING CHANGE. THE CLINICS VISION IS FOR THE UNITED STATES TO BE A NATION WHERE EVERYONE IS FINANCIALLY SECURE. THE CLINICS CURRENT SIGNIFICANT OBJECTIVE IS TO BUILD FINANCIAL SECURITY FOR 1 MILLION PEOPLE BY THE YEAR 2020. THE STRATEGIES EMPLOYED TO ACHIEVE THIS OBJECTIVE INCLUDE DIRECT FINANCIAL COACHING SERVICES, TRAINING AND TECHNICAL ASSISTANCE FOR NONPROFIT PARTNERS, AND RESEARCH AND POLICY WORK TO DRIVE LASTING CHANGE. 0 0 825562 0 215888 ECOSYSTEMS - IN 2016, THE CLINIC LAUNCHED THE FINANCIAL SECURITY ECOSYSTEM INITIATIVE ("ECOSYSTEM"), A HOLISTIC PARTNERSHIP APPROACH THAT BUILDS FINANCIAL SECURITY FOR LMI AMERICANS AT SCALE. IN AN ECOSYSTEM, THE CLINIC ENGAGES A SUBSET OF REGIONAL- OR SECTOR-BASED NONPROFITS IN A TIME-LIMITED ENGAGEMENT, AND APPLIES ITS COMPLETE BUNDLE OF PRODUCTS AND SERVICES, INCLUDING TRAINING AND TECHNICAL ASSISTANCE FOR FRONTLINE STAFF AND LEADERSHIP, DIRECT ACCESS TO A SEASONED FINANCIAL COACH, AND DATA EVALUATION SUPPORT TO PROMOTE POLICY SOLUTIONS AND SYSTEMIC CHANGE. 688521 0 184021 PRODUCT DEVELOPMENT - RECOGNIZING TECHNOLOGY AS A KEY COMPONENT TO SCALING FINANCIAL LITERACY, THE CLINIC DEVELOPED CHANGE MACHINE, ITS REVOLUTIONARY CLOUD-BASED PLATFORM, WHICH OPERATES AS A B2B2C SOFTWARE AS A SERVICE (SAAS) SOCIAL ENTERPRISE. CHANGE MACHINE PROVIDES A SINGLE PLATFORM WHERE PRACTITIONERS CAN LEARN BEST FINANCIAL COACHING PRACTICES; ACCESS TOOLS AND WORKSHEETS; AND PARTICIPATE IN A PROFESSIONAL SOCIAL NETWORK SPECIFICALLY DESIGNED FOR THE FIELD TO SHARE BEST PRACTICES. BUILT BY PRACTITIONERS FOR PRACTITIONERS, CHANGE MACHINE PROVIDES A ONE-STOP SHOP FOR EFFECTIVE RESOURCES PRACTITIONERS CAN USE TO ADDRESS THEIR CUSTOMERS' UNDERLYING FINANCIAL INSECURITY SINCE ITS LAUNCH IN 2015, THE CHANGE MACHINE PLATFORM HAS BECOME A NATIONALLY RECOGNIZED VEHICLE FOR DELIVERING FINANCIAL LITERACY AND BUILDING CUSTOMER ASSETS. TODAY, OVER 500 ORGANIZATIONS ACTIVELY USE CHANGE MACHINE TO BUILD THE FINANCIAL SECURITY OF THEIR CUSTOMERS, WITH MORE THAN 3,000 PRACTITIONERS TRAINED ON THE PLATFORM TO DATE. 366888 0 236373 CAPACITY BUILDING - THE CLINIC'S BUSINESS-TO-BUSINESS CONSULTING SERVICES ARE DESIGNED TO BUILD CAPACITY AT ORGANIZATIONS THAT WORK WITH LOW-INCOME PEOPLE LOCALLY AND NATIONALLY. THE CLINIC PROVIDES TRAINING AND TECHNICAL ASSISTANCE TO BUILD FINANCIAL SECURITY STRATEGIES INTO THE DAILY INTERACTIONS OF FRONTLINE STAFF AT PARTNER ORGANIZATIONS. THIS INCLUDES TRAINING FOR FRONTLINE STAFF TO EFFECTIVELY ENGAGE THEIR CUSTOMERS IN CONVERSATIONS ABOUT PERSONAL FINANCE, AS WELL AS SUPPORT FOR LEADERSHIP TO FULLY IMPLEMENT AN INTEGRATED APPROACH TO FINANCIAL SECURITY SERVICES WITHIN THEIR PROGRAMS AND ORGANIZATIONS. 327450 0 0 RESEARCH AND POLICY - THE CLINIC DEVELOPS AND ADVOCATES FOR POLICY REFORMS AND SYSTEMIC CHANGES THAT WILL REMOVE OBSTACLES TO FINANCIAL SECURITY. THE CLINIC BUILDS COALITIONS AND PARTNERS WITH ADVOCACY GROUPS, RESEARCHERS, THINK-TANKS, PRACTITIONERS, AND LOCAL, STATE, AND FEDERAL POLICYMAKERS TO GUIDE AND SUPPORT ITS POLICY AGENDA. THE CLINIC'S IN-HOUSE DATA, RESEARCH, AND POLICY TEAM SURFACES INSIGHTS USING CUSTOMER DATA CAPTURED ON CHANGE MACHINE. THE CLINIC USES ITS DATA AND RESEARCH TO LEVERAGE LESSONS LEARNED ON-THE-GROUND TO CREATE IMPACT FAR BEYOND AN INITIAL PROGRAM - INFORMING BEST PRACTICES, THE FIELD, AND PUBLIC POLICY. 327450 0 0 2208421 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X MAE WATSON GROTE 6468104050 254 36TH ST UNIT 16 STE B321 BROOKLYN NY 112322401 MARC KHOUZAMI CHAIR 1.00 X X 0 0 0 MICHAEL BECK VICE CHAIR 1.00 X X 0 0 0 ANDY TUCKETT TREASURER 1.00 X X 0 0 0 MARTIN FRANKEN THRU JUNE 2019 PAST TREASURER 1.00 X X 0 0 0 DEENA COFFMAN THRU JUNE 2019 SECRETARY 1.00 X X 0 0 0 RISA FREEDMAN DIRECTOR 1.00 X 0 0 0 T BAKER SMITH DIRECTOR 1.00 X 0 0 0 IDA RADEMACHER DIRECTOR 1.00 X 0 0 0 AMANDA NORTON DIRECTOR 1.00 X 0 0 0 DEREK DORN DIRECTOR 1.00 X 0 0 0 DAVID HEAFITZ DIRECTOR 1.00 X 0 0 0 FRED WHERRY DIRECTOR 1.00 X 0 0 0 MAE WATSON GROTE FOUNDER AND CEO 40.00 X 212244 0 18650 KATE REEVES CHIEF BUSINESS DEVELOPMENT OFFICER 40.00 X 104379 0 9889 HAIDEE CABUSORA CHIEF PROGRAM OFFICER 40.00 X 175515 0 13805 492138 0 42344 3 0 1 0 TRINET GROUP INC 1100 SAN LEANDRO BLVD STE 400 SAN LEANDRO CA 945771670 EMPLOYEE LEASING AND HR SERVICES 3044797 1 339653 4318894 4658547 PROGRAM SERVICE FEES 624190 630569 630569 OTHER PROGRAM SERVICES 900099 5713 5713 636282 2505 2505 5297334 636282 0 2505 228074 91229 22807 114038 1854391 1259035 465720 129636 54849 35502 12908 6439 172091 111389 40501 20201 171200 110812 40291 20097 25688 25688 319832 193123 102026 24683 80246 55416 18859 5971 59940 37582 12502 9856 185605 127384 39124 19097 66912 57366 8326 1220 14585 6651 7185 749 42175 42175 110780 106539 2826 1415 26051 15132 8718 2201 BAD DEBT 10952 10952 DUES AND MEMBERSHIPS 840 840 1480 1261 178 41 3425691 2208421 861626 355644 200837 1961708 306449 366417 2058000 2344300 371213 174880 152601 155165 657267 337305 367266 319962 3456366 5322432 133634 136686 178563 157436 494895 494895 20042 32540 827134 821557 X 18959 276634 2610273 4224241 2629232 4500875 3456366 5322432 1871643 0 X 0 1 X 1 0 X 2026054 6222379 4487298 1276115 4658547 18670393 2026054 6222379 4487298 1276115 4658547 18670393 10141223 8529170 691 877 574 819 2505 5466 18675859 3402820 0.45670 0.44310 X SCHEDULE A, PART II: THE 2013 COLUMN ON SCHEDULE A, PART II REPRESENTS THE SHORT TAX YEAR BEGINNING JANUARY 1, 2014 AND ENDING SEPTEMBER 30, 2014. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12300 12300 0 90050 32797 57253 554917 292208 262709 319962 DEFERRED LEASE LIABILITY 32540 32540 5297334 0 5297334 0 5297334 3425691 0 3425691 0 3425691 X X X 0 0 0 0 0 0 0 0 0 MAE WATSON GROTE FOUNDER AND CEO 176720 0 20000 0 15524 0 0 0 18650 0 230894 0 0 0 HAIDEE CABUSORA CHIEF PROGRAM OFFICER 157752 0 2500 0 15263 0 0 0 13805 0 189320 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE, THE CHIEF OF STAFF, AND THE CEO AND THEN BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BODY-DELEGATED POWER WHO HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS INVESTMENTS OR FAMILY: (I) AN OWNERSHIP OR INVESTMENT IN ANY ENTITY WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, (II) A COMPENSATION ARRANGEMENT WITH THE ORGANIZATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, OR (III) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUALS WITH WHICH THE ORGANIZATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. NO DIRECTOR SHALL VOTE ON ANY MATTER IS WHICH HE OR SHE HAS AN INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS REVIEWED BY THE MEMBERS OF THE GOVERNING BODY USING COMPARABLE DATA. THE DELIBERATION AND DECISION IS THEN MEMORIALIZED IN AN OFFICIAL LETTER TO THE CEO OF ANY ADJUSTMENT TO COMPENSATION. THIS PROCESS WAS LAST UNDERTAKEN IN SEPTEMBER 2018. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.