2018-07-23T14:40:43-05:00 2017-09-30 390974031 WEGNER CPAS LLP 230 PARK AVE FL 3 NEW YORK NY 101690005 990 2016-10-01 760833915 THE FINANCIAL CLINIC FINA 6468104050 254 36TH ST UNIT 16 STE B321 BROOKLYN NY 112322401 MAE WATSON GROTE FOUNDER AND EXECUTIVE DIRECTOR 6468104050 2018-07-18 YIGIT UCTUM CPA P01269549 2125511724 2016 2022-09-23 18:48:47Z X MAE WATSON GROTE 254 36TH ST UNIT 16 STE B321 BROOKLYN NY 112322401 5192528 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 0 143 0 0 6222379 4487298 518203 704656 877 574 0 0 6741459 5192528 0 0 0 0 2248134 2836582 0 0 287244 832047 988723 3080181 3825305 3661278 1367223 4390107 5997503 734917 975090 3655190 5022413 X 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. 0 0 1436194 457668 FINANCIAL INSECURITY IS PERVASIVE AND OFTEN STYMIES MANY NONPROFIT ORGANIZATIONS FROM FULLY AND EFFECTIVELY SERVING THEIR COMMUNITIES. THE CLINIC HAS CREATED THE FINANCIAL SECURITY ECOSYSTEM (FSE) OR "ECOSYSTEM," WHICH IS A HOLISTIC PARTNERSHIP APPROACH THAT BUILDS FINANCIAL SECURITY FOR THE WORKING POOR AT SCALE AND ACCELERATES SECTOR-SPECIFIC MISSIONS AND OUTCOMES. 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. IN 2016, WE LAUNCHED OUR FIRST NATIONAL ECOSYSTEM WHICH IS EXPECTED TO REACH 30,000 INDIVIDUALS ACROSS THE COUNTRY. 953926 246988 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. 228570 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. 2618690 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 18 0 0 0 0 0 0 0 1 1 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 MARGARITA BROSE CHAIR 1.00 X X 0 0 0 RIMA KHALIL FINANCE AND AUDIT COMMITTEE CHAIR 1.00 X X 0 0 0 T BAKER SMITH DIRECTOR 1.00 X 0 0 0 MICHAEL BECK 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 JACQUES BUSQUET DIRECTOR 1.00 X 0 0 0 DEENA COFFMAN DIRECTOR 1.00 X 0 0 0 ANTHONY FULLINGTON DIRECTOR 1.00 X 0 0 0 MAE WATSON GROTE FOUNDER AND EXECUTIVE DIRECTOR 40.00 X 165000 0 38352 MARTIN DANDRADE JR CHIEF OPERATING OFFICER 40.00 X 115000 0 22427 HAIDEE CABUSORA CHIEF PROGRAM OFFICER 40.00 X 135000 0 28260 415000 0 89039 3 0 1 0 TRINET GROUP INC 1100 SAN LEANDRO BLVD STE 400 SAN LEANDRO CA 945771670 EMPLOYEE LEASING AND HR SERVICES 2123729 1 431772 4055526 4487298 PROGRAM SERVICE FEES 624190 695308 695308 OTHER PROGRAM SERVICES 900099 9348 9348 704656 574 574 5192528 704656 0 574 221039 88415 22104 110520 2161776 1584628 492030 85118 101272 68850 23485 8937 165558 112556 38393 14609 186937 127090 43351 16496 23600 23600 295826 181968 100647 13211 129321 93286 26650 9385 117242 93366 20048 3828 176349 113160 51743 11446 71266 65728 2991 2547 39721 25653 9211 4857 34663 34663 61901 39721 18162 4018 25981 19009 4704 2268 DUES AND MEMBERSHIPS 3107 1669 1436 2 9746 3591 6153 2 3825305 2618690 919371 287244 493192 581451 3377534 4461422 241234 492036 52413 167785 436579 141770 225734 294809 4390107 5997503 183861 241156 56161 239039 494895 494895 734917 975090 X 10540 223377 3644650 4799036 3655190 5022413 4390107 5997503 1367223 0 X 0 1 X 1 0 X 47569 638938 2026054 6222379 4487298 13422238 47569 638938 2026054 6222379 4487298 13422238 7991705 5430533 522 691 877 574 2664 13424902 2630744 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 15392 15392 0 24930 16682 8248 396257 109696 286561 294809 5226028 33500 33500 5192528 0 5192528 3858805 33500 33500 3825305 0 3825305 X X X X 0 0 0 0 0 0 0 0 0 MAE WATSON GROTE FOUNDER AND EXECUTIVE DIRECTOR 165000 0 0 0 0 0 24774 0 13578 0 203352 0 0 0 HAIDEE CABUSORA CHIEF PROGRAM OFFICER 135000 0 0 0 0 0 15000 0 13260 0 163260 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS FIRST REVIEWED BY THE DIRECTOR OF FINANCE AND OPERATIONS 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 2017. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.