2016-05-13T12:45:25-05:00 2015-09-30 390974031 WEGNER CPAS LLP 230 PARK AVE FL 10 NEW YORK NY 101691001 990 2014-10-01 760833915 THE FINANCIAL CLINIC FINA 6468104050 115 W 30TH ST NO 700 NEW YORK NY 100014063 MAE WATSON GROTE EXECUTIVE DIRECTOR 6468104050 2016-05-12 SCOTT HAUMERSEN CPA P00084908 2125511724 2014 2016-08-17 19:52:53Z MAE WATSON GROTE 115 W 30TH ST NO 700 NEW YORK NY 100014063 2888619 0 X WWW.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 0 195 0 0 388974 1681627 805203 1199616 522 691 0 -4539 1194699 2877395 0 0 0 0 0 1825996 50320 9074 249661 1323077 686028 1373397 2521098 -178698 356297 456087 765220 818472 771308 -362385 -6088 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 557103 261332 CAPACITY BUILDING.THE CLINIC PROVIDES TECHNICAL ASSISTANCE AND TRAINING TO BUILD FINANCIAL SECURITY STRATEGIES INTO THE DAILY INTERACTIONS OF FRONT-LINE STAFF OF SOCIAL SERVICE ORGANIZATIONS. THE CLINIC HAS EVIDENCE THAT INTEGRATING STRATEGIES TO BUILD FINANCIAL SECURITY INTO THE WORK OF OTHER SECTORS - FOR EXAMPLE WORKFORCE DEVELOPMENT-IMPROVES OUTCOMES. FOR EXAMPLE, IN A PROJECT WHERE THE CLINIC TRAINED CAREER COACHES TO DO SOME FINANCIAL COACHING, LOW-WAGE WORKERS WHOSE CAREER COACHES ASSISTED THEM IN ESTABLISHING AUTOMATIC SAVINGS DEMONSTRATED A 31 PERCENT HIGHER WEEKLY INCREASE IN INCOME THAN THOSE WHO DID NOT RECEIVE ANY FINANCIAL COACHING SERVICES.THROUGH ITS TRADITIONAL CAPACITY BUILDING AND ITS WEB-BASED PLATFORM, CHANGE MACHINE, THE FINANCIAL CLINIC HAS TRAINED THOUSANDS OF PRACTITIONERS AT MORE THAN 300 SOCIAL SERVICE ORGANIZATIONS IN MORE THAN 28 STATES TO EMBED FINANCIAL SECURITY BUILDING AND FINANCIAL COACHING STRATEGIES INTO THEIR WORK.CURRENTLY CHANGE MACHINE HAS OVER 1000 PRACTITIONER-USERS SERVING MORE THAN 7,000 CUSTOMERS NATIONWIDE. 1027735 935741 DIRECT SERVICES.THE CLINIC DELIVERS ONE-ON-ONE FINANCIAL COACHING AND LEGAL SUPPORTS TO CUSTOMERS. FINANCIAL COACHING (DIRECT SERVICE) IS A PROVEN STRATEGY FOR BUILDING FINANCIAL SECURITY. THE CLINIC'S COACHING MODEL WAS EVALUATED THROUGH A RANDOMIZED CONTROL TRIAL STUDY COMMISSIONED BY THE CONSUMER FINANCE PROTECTION BUREAU AND CONDUCTED BY URBAN INSTITUTE. PLEASE VISIT HTTP://THEFINANCIALCLINIC.ORG/WP-CONTENT/UPLOADS/2015/10/CLINIC_AND_BRANCHES_PRACTITIONER_SUMMARY.PDFFOR THE RESULTS. THE FINANCIAL CLINIC'S FINANCIAL COACHES SEE ABOUT 3,000 CUSTOMERS PER YEAR AND ACHIEVE ABOUT 1,000 FINANCIAL SECURITY OUTCOMES EACH YEAR INCLUDING: AVERAGE CUSTOMER SAVINGS OF $1,365; CREDIT SCORES IMPROVED BY AN AVERAGE OF 44 POINTS; AND AVERAGE DEBT REDUCTION OF OVER $3,000 PER CUSTOMER. 191915 FIELD SOLUTIONS.THE CLINIC USES DATA AND RESEARCH TO LEVERAGE LESSONS LEARNED FROM ON-THE-GROUND PRACTITIONERS TO CREATE HIGH IMPACT FAR BEYOND AN INITIAL PROGRAM BY INFORMING BEST PRACTICES, THE FIELD AND PUBLIC POLICY. FOR THE PAST DECADE, THE FINANCIAL CLINIC HAS WORKED TO BUILD THE FINANCIAL SECURITY AND IMPROVE THE FINANCIAL MOBILITY OF AMERICA'S WORKING POOR, PUTTING MORE THAN $40 MILLION BACK IN THE POCKETS OF OVER 15,000 FAMILIES AND INDIVIDUALS. TO ACHIEVE ITS VISION OF AN AMERICA WHERE EVERYONE IS FINANCIALLY SECURE, THE CLINIC CHAMPIONS POLICY EFFORTS TO BENEFIT WORKING POOR FAMILIES AND INDIVIDUALS, INCLUDING CO-LEADING THE NEW YORK ASSET DEVELOPMENT COALITION AND THE CASH EARNER'S COALITION. 1776753 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 0 0 0 0 0 0 1 1 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X EDUARDO BELTRE 6468104050 115 W 30TH ST RM 700 NEW YORK NY 100014063 MICHAEL BECK DIRECTOR 1.00 X 0 0 0 MARGARITA BROSE CHAIR 1.00 X X 0 0 0 NEERAJ BEWTRA DIRECTOR 1.00 X 0 0 0 CASSANDRA PORTER SECRETARY 1.00 X X 0 0 0 MARC KHOUZAMI TREASURER 1.00 X X 0 0 0 DAISY WADEMAN DOWLING 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 T BAKER SMITH VICE CHAIR 1.00 X X 0 0 0 RISA FREEDMAN DIRECTOR 1.00 X 0 0 0 MATTHEW ZISK DIRECTOR 1.00 X 0 0 0 IDA RADEMACHER DIRECTOR 1.00 X 0 0 0 MAE WATSON GROTE EXECUTIVE DIRECTOR 40.00 X 116009 0 17928 116009 0 17928 1 0 0 0 TRINET GROUP INC 1100 SAN LEANDRO BLVD STE 400 SAN LEANDRO CA 945771670 EMPLOYEE LEASING AND HR SERVICES 1855204 1 15100 280757 1385770 1681627 PROGRAM SERVICE FEES 624190 1188996 1188996 OTHER PROGRAM SERVICES 900099 10620 10620 1199616 691 691 6685 15100 11224 -4539 -4539 2877395 1199616 0 -3848 144201 105064 22481 16656 1339974 976296 208905 154773 102244 74494 15940 11810 106164 77351 16551 12262 133413 97204 20799 15410 18200 18200 9074 9074 237188 191028 40679 5481 76033 49158 22147 4728 10635 10635 150456 103549 36917 9990 20473 15182 3405 1886 53039 31230 16399 5410 30833 30833 25398 16065 9333 19539 13523 4497 1519 BAD DEBT EXPENSE 22777 22777 DUES AND MEMBERSHIPS 5309 4195 955 159 16148 11779 3866 503 2521098 1776753 494684 249661 1509 973 50765 211386 113650 223997 164749 151088 32827 27926 178689 28839 92587 149850 456087 765220 122345 153994 82295 122419 613832 494895 818472 771308 X -518635 -395565 156250 389477 -362385 -6088 456087 765220 356297 0 X 0 1 X 1 0 X 47569 388974 1681627 2118170 47569 388974 1681627 2118170 630448 1487722 522 691 1213 2119383 2002276 0.70200 0.81280 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 4330 11062 12078 6084 5994 151219 18425 132794 149850 2892738 15343 15343 2877395 0 2877395 2536441 15343 15343 2521098 0 2521098 FORM 990, PART VI, SECTION A, LINE 2 MATTHEW ZISK AND DAISY WADEMAN DOWLING HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 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 2015. 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.