2019-05-13T10:38:35-05:00 2018-09-30 390974031 WEGNER CPAS LLP 230 PARK AVE FL 3 NEW YORK NY 101690005 990 2017-10-01 760833915 THE FINANCIAL CLINIC FINA 6468104050 254 36TH ST UNIT 16 STE B321 BROOKLYN NY 112322401 MAE WATSON GROTE FOUNDER AND EXECUTIVE DIRECTOR 6468104050 2019-05-10 YIGIT UCTUM CPA P01269549 2125511724 66.222.124.178 2019-05-10 06:58:40 CD P 280B83802B97FB5DC9278DE9588E6B4DA9B6F3E7 B169A553E6FC674180C4B0C62460B1C0CC916730 2017 2019-02-21 02:37:17Z MAE WATSON GROTE 254 36TH ST UNIT 16 STE B321 BROOKLYN NY 112322401 1967970 0 X THEFINANCIALCLINIC.ORG X 2006 NY THE FINANCIAL CLINIC BUILDS WORKING POOR FAMILIES' FINANCIAL SECURITY BY ADDRESSING THEIR IMMEDIATE FINANCIAL CHALLENGES AND HELPING THEM SET LONG-TERM GOALS TO ACHIEVE FINANCIAL MOBILITY. 13 13 0 30 0 0 4487298 1276115 704656 691036 574 819 0 0 5192528 1967970 0 0 0 0 2836582 3171071 0 0 356512 988723 1190078 3825305 4361149 1367223 -2393179 5997503 3456366 975090 827132 5022413 2629234 X AFTER 14 YEARS, THE FINANCIAL CLINIC HAS DEMONSTRATED A "GOLD STANDARD" MODEL FOR BUILDING FINANCIAL SECURITY FOR WORKING POOR FAMILIES. A HIGH-PERFORMING ORGANIZATION WITH A FOCUS ON RESULTS, THE CLINIC HAS PUT OVER $80 MILLION BACK IN THE POCKETS OF MORE THAN 47,000 CUSTOMERS, SUPPORTED MORE THAN 400 ORGANIZATIONS IN 40 STATES AND DISTRICTS EMBED FINANCIAL SECURITY ACTIONS INTO THEIR PROGRAM MODELS, AND SUCCESSFULLY LAUNCHED SEVERAL POLICY CAMPAIGNS IN SUPPORT OF WORKING POOR FAMILIES. A LANDMARK NATIONAL STUDY SHOWS THE CLINIC'S MODEL OF FINANCIAL COACHING HELPS WORKING POOR FAMILIES MOVE TOWARD FINANCIAL SECURITY. 0 0 1496209 570007 FINANCIAL INSECURITY IS PERVASIVE AND OFTEN STYMIES MANY NONPROFIT ORGANIZATIONS FROM FULLY AND EFFECTIVELY SERVING THEIR COMMUNITIES. FEW ORGANIZATIONS HAVE THE EXPERTISE, SUPPORT, OR RESOURCES TO FULLY ADDRESS THEIR CUSTOMERS' FINANCIAL INSECURITY. THE CLINIC HAS CREATED THE FINANCIAL SECURITY ECOSYSTEM OR "ECOSYSTEM," A HOLISTIC PARTNERSHIP APPROACH THAT BUILDS FINANCIAL SECURITY FOR THE WORKING POOR AT SCALE AND ACCELERATES SECTOR-SPECIFIC MISSIONS AND OUTCOMES. BORROWING A POPULAR METAPHOR FROM THE HIGH-TECH SECTOR, "BUSINESS ECOSYSTEMS" LEVERAGE THE POWER OF CONNECTIONS, COLLABORATIONS, AND CONTINUOUS EVOLUTION TO CREATE AND CAPTURE NEW VALUE, THUS ADVANCING NOT ONLY OUR VISION AND OUR PARTNERS' UNIQUE MISSIONS, BUT THE ANTI-POVERTY FIELD AS A WHOLE. THIS COMPLETE BUNDLE OF THE CLINIC'S BEST PRACTICES AND SERVICES IS DESIGNED TO SEAMLESSLY COLLABORATE WITH A PARTNER ORGANIZATION'S EXISTING SERVICES THROUGH CAPACITY BUILDING, DIRECT SERVICES AND LASTING CHANGE - SEAMLESSLY CONNECTED THROUGH THE USE OF CHANGE MACHINE. 1202185 121029 CHANGE MACHINE, THE REVOLUTIONARY ONLINE PLATFORM BUILT BY THE CLINIC THAT SIGNIFICANTLY IMPROVES SERVICE TO AMERICA'S WORKING POOR, CONTAINS ALL THE TOOLS AND RESOURCES PRACTITIONERS NEED TO ADDRESS THEIR CUSTOMERS' UNDERLYING FINANCIAL INSECURITY. BUILT BY PRACTITIONERS FOR PRACTITIONERS, CHANGE MACHINE OFFERS UNPRECEDENTED OPPORTUNITIES FOR DRAMATICALLY INCREASING THE IMPACT OF FINANCIAL COACHING. CHANGE MACHINE PROVIDES A SINGLE PLATFORM WHERE PRACTITIONERS CAN LEARN BEST FINANCIAL COACHING PRACTICES; ACCESS ALL THE TOOLS AND WORKSHEETS THEY NEED TO COACH THEIR CUSTOMERS; A PROFESSIONAL SOCIAL NETWORK SPECIFICALLY DESIGNED FOR THE FIELD TO SHARE BEST PRACTICES; AND SPECIAL ACCESS FOR SUPERVISORS TO MANAGE THEIR STAFF, CUSTOMERS AND DATA. WITH 1,000 USERS, WE ARE ABLE TO HELP UNDERSTAND BETTER WHAT DRIVES FINANCIAL SECURITY AND BETTER DRAFT SOLUTIONS FOR INCOME VOLATILITY AND LACK OF AFFORDABLE CREDIT AND SAVINGS OPTIONS. 293379 BASED ON WHAT WE LEARN FROM OUR ON-THE-GROUND WORK WITH THOUSANDS OF WORKING POOR PEOPLE EACH YEAR, WE RESEARCH, DEVELOP AND ADVOCATE FOR POLICY REFORMS AND SYSTEMIC CHANGES THAT WILL REMOVE OBSTACLES TO FINANCIAL SECURITY. WE BUILD COALITIONS AND PARTNER WITH ADVOCACY GROUPS, RESEARCHERS, THINK-TANKS, PRACTITIONERS, AND EVEN STATE AND FEDERAL POLICYMAKERS TO GUIDE AND SUPPORT OUR POLICY AGENDA. WE LAUNCHED OUR FIRST ECOSYSTEM POLICY AGENDA THAT INCLUDED CHANGES TO THE TAX CODE TO BETTER SUPPORT CAREER MOBILITY, ELIMINATING ASSET LIMITS FOR THOSE ON BENEFITS, AND INCREASING USE OF FINANCIAL TECH FOR WORKING POOR INDIVIDUALS. 2991773 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 33 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 MARTIN FRANKEN TREASURER 1.00 X X 0 0 0 MARGARITA BROSE THRU FEB 2018 PAST TREASURER 1.00 X X 0 0 0 DEENA COFFMAN 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 JORDANA INGBER GRUNFELD DIRECTOR 1.00 X 0 0 0 KEN PRESS DIRECTOR 1.00 X 0 0 0 PAUL VAN HOOK DIRECTOR 1.00 X 0 0 0 IDA RADEMACHER DIRECTOR 1.00 X 0 0 0 JACQUES BUSQUEST DIRECTOR 1.00 X 0 0 0 MANDY NORTON DIRECTOR 1.00 X 0 0 0 ANTHONY FULLINGTON DIRECTOR 1.00 X 0 0 0 MAE WATSON GROTE FOUNDER AND EXECUTIVE DIRE 40.00 X 173123 0 25548 MARTIN DANDRADE JR CHIEF OPERATING OFFICER 40.00 X 112338 0 23509 HAIDEE CABUSORA CHIEF PROGRAM OFFICER 40.00 X 138967 0 24941 424428 0 73998 3 0 1 0 TRINET GROUP INC 1100 SAN LEANDRO BLVD STE 400 SAN LEANDRO CA 945771670 EMPLOYEE LEASING AND HR SERVICES 2837424 1 293891 982224 1276115 PROGRAM SERVICE FEES 624190 690791 690791 OTHER PROGRAM SERVICES 900099 245 245 691036 819 819 1967970 691036 0 819 238938 95575 23894 119469 2458730 1859762 452808 146160 96935 69305 17743 9887 152950 109354 27996 15600 223518 159808 40913 22797 1000 1000 40010 40010 369822 177291 186947 5584 100905 63563 31632 5710 77799 52319 17410 8070 207320 142910 50263 14147 105310 94395 9283 1632 60843 43908 14382 2553 38412 38412 102762 97570 4052 1140 31093 22255 6641 2197 BAD DEBT 34137 34137 DUES AND MEMBERSHIPS 2904 1090 817 997 17761 2668 14524 569 4361149 2991773 1012864 356512 200837 581451 306449 4461422 2058000 492036 371213 167785 152601 593870 226604 294809 367266 5997503 3456366 241156 133634 239039 198603 494895 494895 975090 827132 X 223377 18961 4799036 2610273 5022413 2629234 5997503 3456366 -2393179 0 X 0 1 X 1 0 X 638938 2026054 6222379 4487298 1276115 14650784 638938 2026054 6222379 4487298 1276115 14650784 8157600 6493184 522 691 877 574 819 3483 14654267 3321780 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. 12300 2460 9840 32036 23188 8848 549534 200956 348578 367266 1969970 2000 2000 1967970 0 1967970 4363149 2000 2000 4361149 0 4361149 X X X X 0 0 0 0 0 0 0 0 0 MAE WATSON GROTE FOUNDER AND EXECUTIVE DIRE 163123 0 10000 0 0 0 0 0 25548 0 198671 0 0 0 HAIDEE CABUSORA CHIEF PROGRAM OFFICER 138967 0 0 0 0 0 0 0 24941 0 163908 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED BY THE BUDGET SUPERVISOR AND THE EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR'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 EXECUTIVE DIRECTOR OF ANY ADJUSTMENT TO COMPENSATION. THE COMPENSATION FOR OTHER TOP MANAGEMENT AND KEY EMPLOYEES IS REVIEWED BY THE EXECUTIVE DIRECTOR USING COMPARABLE DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION BY WAY OF THE EMPLOYEE'S ANNUAL EVALUATION. 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.