BAY AREA FINANCIAL EDUCATION FOUNDATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
BAY AREA FINANCIAL EDUCATION FOUNDATION (EIN 33-1163601)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-06-14
IRS object ID
201721659349301132
Schema version
2016v3.0
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)
Return2017-06-14T19:50:44-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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
Phone4158398197PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1555 California Street No 4925AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personconrad HerrmannPersonNm
Person TitleVice PresidentPersonTitleTxt
Phone4158398197PhoneNum
Signature2017-06-14SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLynn HenleyPreparerPersonNm
PTINP00356034PTIN
Phone6503509805PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address67.169.104.38IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-06-14IPDt
IP Tm19:49:50IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdAEC088AAD76BD20DC393F3FB442787510B848D72AtSubmissionCreationDeviceId
At Submission Filing Device IdAEC088AAD76BD20DC393F3FB442787510B848D72AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCameron CrismanPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1555 California Street No 4925AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94014ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$70,981GrossReceiptsAmt
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 and to promote professional certification in the financial services industry. Our objective is to introduce students to the savings and investment tools that will help them achieve their goals in life, and to advance qualified, certified professionals to help them along the way.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers18TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$89,276PYContributionsGrantsAmt
CY Contributions Grants$70,981CYContributionsGrantsAmt
PY Program Service Revenue$17,631PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$106,907PYTotalRevenueAmt
CY Total Revenue$70,981CYTotalRevenueAmt
PY Grants And Similar Paid$32,536PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$9,500CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$62,959CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,853CYTotalFundraisingExpenseAmt
PY Other Expenses$40,744PYOtherExpensesAmt
CY Other Expenses$46,694CYOtherExpensesAmt
PY Total Expenses$73,280PYTotalExpensesAmt
CY Total Expenses$119,153CYTotalExpensesAmt
PY Revenues Less Expenses$33,627PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$48,172CYRevenuesLessExpensesAmt
Total Assets BOY$57,553TotalAssetsBOYAmt
Total Assets EOY$9,381TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$57,553NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,381NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionOur mission is to improve the economic education and financial literacy of Bay Area Youth and to promote professional certification in the financial services industry. Our objective is to introduce students to the savings and investment tools that will help them achieve their goals in life, and to advance qualified, certified professionals to help them along the way.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$90,355ExpenseAmt
Grant$9,500GrantAmt
Desc1. Teacher Workshops. BAFEF produces workshops for high school economics teachers. The workshops are provided free of charge, and a stipend is given to each teacher who attends. Teachers receive instruction from university professors and industry professionals on topics including personal finance, microeconomics, macroeconomics and the fiscal impact of public policy. Each workshop has an expense budget of $10,000 which includes space rent, printing & materials, supplies, A/V expenses, food & beverage, teacher stipends, speaker fees and staff time. In 2016, three workshops were produced for a combined total cost of $26,667. The workshops served 75 teachers who will teach 7500 students.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$11,375ExpenseAmt
Desc2. Annual Wine Tasting Event. This annual event connects volunteers and supporters with our program partners and leadership for an evening of education and networking. Sponsors for the event are solicited from corporations who support financial literacy initiatives. In 2016 the event cost $11,375 which included catering, room rental and staff time to organize the event. $11,460 in revenue was received from the 2016 event. Approximately 100 attendees participate in the event, and wine poured at the event is donated by a sponsoring winery.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$7,717ExpenseAmt
Desc3. International Women's Day Event. We produce an event in partnership with the Bay Area Network for Teaching Entrepreneurship on March 8th which is International Women's Day. The event is a luncheon and workshop which matches women in finance who volunteer, with young female students from underserved Bay Area high schools for an afternoon of mentoring. The event cost approximately $7,500 in 2016, which included the cost of lunch, signage and staff time to organize the event.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$109,447TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
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 Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
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 Line1Tina Marchetti Executive DirectorBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4158398197PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1555 California Street Suite 4925AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94014ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Theodore S Jablonski Jr
Chairman2.00Yes (X)Yes (X)$0$0$0
Cameron A Crisman CFA
President2.00Yes (X)Yes (X)$0$0$0
Conrad Herrmann CFA
Treasurer2.00Yes (X)Yes (X)$0$0$0
James Keene CFP CFA
Vice-President, Secretary2.00Yes (X)Yes (X)$0$0$0
Mark Fredenburg CFA
Director2.00Yes (X)$0$0$0
Michael Gandy CFA
Director2.00Yes (X)$0$0$0
John T Hyland CFA
Director2.00Yes (X)$0$0$0
Robert Thompson
Director1.00Yes (X)$0$0$0
Salina Yeung
Director1.00Yes (X)$0$0$0
Tina Marchetti
Executive Director23.00Yes (X)$62,959$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$62,959TotalReportableCompFromOrgAmt
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$70,981AllOtherContributionsAmt
Total Contributions$70,981TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$70,981TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$7,500TotalAmt
Program Services$7,500ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,000TotalAmt
Program Services$2,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$62,959TotalAmt
Program Services$53,253ProgramServicesAmt
Management And General$4,853ManagementAndGeneralAmt
Fundraising$4,853FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,086TotalAmt
Program Services$7,086ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,257TotalAmt
Program Services$1,257ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$322TotalAmt
Program Services$322ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
BAFEF Teacher Workshop$18,149$18,149
Networking event$8,131$8,131
IWD/NFTE Event$5,050$5,050
SIFMA Reception/Awards$3,120$3,120

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,579TotalAmt
Program Services$3,579ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$119,153TotalAmt
Program Services$109,447ProgramServicesAmt
Management And General$4,853ManagementAndGeneralAmt
Fundraising$4,853FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$55,315BOYAmt
EOY$9,226EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,083BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$155BOYAmt
EOY$155EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$57,553BOYAmt
EOY$9,381EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$57,553BOYAmt
EOY$9,381EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$57,553BOYAmt
EOY$9,381EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$57,553BOYAmt
EOY$9,381EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$48,172ReconcilationRevenueExpnssAmt
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$27,909CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$35,603CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$41,220CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$89,276CurrentTaxYearMinus1YearAmt
Current Tax Year$67,871CurrentTaxYearAmt
Total$261,879TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$27,909CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$35,603CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$41,220CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$89,276CurrentTaxYearMinus1YearAmt
Current Tax Year$67,871CurrentTaxYearAmt
Total$261,879TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$96,849SubstantialContributorsTotAmt
Public Support Total170$165,030PublicSupportTotal170Amt
Total Support$261,879TotalSupportAmt
Gross Receipts Rltd Activities$57,712GrossReceiptsRltdActivitiesAmt
Public Support CY1700.63020PublicSupportCY170Pct
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 (2 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 Chairman. Following approval by the Executive Director and Chairmam, the Form 990 is provided to all members of the governing body.
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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