2024-05-07T15:11:39-04:00 2023-12-31 010440155 RUNYON KERSTEEN OUELLETTE 20 LONG CREEK DR SOUTH PORTLAND ME 04106 990 2023-01-01 760707546 INSTITUTE FOR FINANCIAL LITERACY INC INST 2078730068 PO BOX 1842 PORTLAND ME 04104 RACHEL GORDON EXEC DIR./SECRETARY 2078730068 2024-05-06 true RACHEL GORDON 999009999 true AMY CHASSE P00967183 2077732986 2024-05-06 2023 2023-04-26 12:10:37Z RACHEL GORDON PO BOX 1842 PORTLAND ME 04104 280801 false X WWW.FINANCIALLIT.ORG X 2002 ME TO PROMOTE EFFECTIVE FINANCIAL EDUCATION AND COUNSELING. THE INSTITUTE WORKS WITH ORGANIZATIONS ACROSS THE COUNTRY TO INCORPORATE FINANCIAL EDUCATION INTO THEIR EXISTING SERVICES AND IS DEPENDENT UPON INDIVIDUAL AND CORPORATE FINANCIAL SUPPORT TO ACCOMPLISH ITS MISSION. SINCE ITS FOUNDING, THE INSTITUTE HAS PROVIDED FINANCIAL EDUCATION, COUNSELING AND INFORMATION TO OVER 500,000 CONSUMERS NATIONWIDE. 4 4 2 2 0 714 7605 149454 267230 616 4504 1462 150784 280801 0 0 89822 100211 0 5011 39085 119445 128907 219656 21877 61145 475167 520422 22752 6862 452415 513560 X TO PROMOTE EFFECTIVE FINANCIAL EDUCATION AND COUNSELING. THE INSTITUTE WORKS WITH ORGANIZATIONS ACROSS THE COUNTRY TO INCORPORATE FINANCIAL EDUCATION INTO THEIR EXISTING SERVICES AND IS DEPENDENT UPON INDIVIDUAL AND CORPORATE FINANCIAL SUPPORT TO ACCOMPLISH ITS MISSION. SINCE ITS FOUNDING, THE INSTITUTE HAS PROVIDED FINANCIAL EDUCATION, COUNSELING AND INFORMATION TO OVER 500,000 CONSUMERS NATIONWIDE. false false 72252 60167 ANNUAL CONFERENCE ON FINANCIAL EDUCATION: THE ANNUAL CONFERENCE ON FINANCIAL EDUCATION PROVIDES PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR INDIVIDUALS WHO WORK WITH FINANCIAL LITERACY EDUCATION. IN ADDITION TO BEING A CRITICAL NETWORKING EVENT FOR FINANCIAL EDUCATORS, THE CONFERENCE OFFERS ATTENDEES THE OPPORTUNITY TO LEARN ABOUT CURRENT TRENDS, PROMOTE BEST PRACTICES AND, ADVANCE THE CAUSE OF FINANCIAL EDUCATION. 118887 207063 FINCERT.ORG: FORMERLY, THE CENTER FOR FINANCIAL CERTIFICATION. THE MISSION OF FINCERT.ORG IS TO ADVANCE THE PROFESSIONALISM AND EFFECTIVENESS OF EDUCATION AND COUNSELING WITHIN THE FIELD OF FINANCIAL LITERACY. FINCERT.ORG ACCOMPLISHES THIS MISSION BY PROVIDING PROFESSIONAL DEVELOPMENT, TRAINING, AND CERTIFICATION FOR THOSE IN THE FINANCIAL COUNSELING, EDUCATION, AND RELATED FIELDS. 191139 true false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 3 0 2 true false false false false false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true true true true true false X RACHEL GORDON 2078730068 PO BOX 1842 PORTLAND ME 04104 JOHN LINFIELD BOARD CHAIRM 1.00 X X 0 0 0 RACHEL GORDON EXEC DIR./SE 45.00 X X 66761 0 3899 PHILIP SUSMANN TREASURER 1.00 X X 0 0 0 JUDI S HUTZLER DIRECTOR 1.00 X 0 0 0 GWEN REICHBACH DIRECTOR 1.00 X 0 0 0 66761 3899 false false false 7605 7605 PROGRAM FEES 611600 207063 207063 FIN'L LITERACY CONFERENCE 611710 60167 60167 267230 4504 4504 OTHER INCOME 999999 1462 1462 1462 280801 268692 4504 70660 60061 7066 3533 21973 18677 2197 1099 7578 6441 758 379 57 57 2429 60 2369 1337 1337 3384 3100 284 3949 3924 25 9616 99 9517 34 34 73960 73440 520 1316 674 642 PARTICIPANTS' MATERIALS 13864 13788 76 MERCHANT SERVICING 9447 9447 OTHER EXPENSES 52 52 219656 191139 23506 5011 232143 275321 204371 208169 1596 7446 23251 21016 9687 4351 15594 12800 2794 2794 1325 1325 475167 520422 240 -88 21704 6680 808 270 22752 6862 X 452415 513560 452415 513560 475167 520422 61145 X false false false X 5025 8565 1593 714 7605 23502 185491 143710 151542 149454 268692 898889 190516 152275 153135 150168 276297 922391 922391 609 613 614 616 4504 6956 609 613 614 616 4504 6956 191125 152888 153749 150784 280801 929347 0.99250 0.99490 0.01000 0.01000 X 15594 12800 2794 2794 CREDIT CARD LIABILITY 270 270 FORM 990 - ORGANIZATION'S MISSION TO PROMOTE EFFECTIVE FINANCIAL EDUCATION AND COUNSELING. THE INSTITUTE WORKS WITH ORGANIZATIONS ACROSS THE COUNTRY TO INCORPORATE FINANCIAL EDUCATION INTO THEIR EXISTING SERVICES AND IS DEPENDENT UPON INDIVIDUAL AND CORPORATE FINANCIAL SUPPORT TO ACCOMPLISH ITS MISSION. SINCE ITS FOUNDING, THE INSTITUTE HAS PROVIDED FINANCIAL EDUCATION, COUNSELING AND INFORMATION TO OVER 500,000 CONSUMERS NATIONWIDE. FORM 990, PAGE 6, PART VI, LINE 11B IT IS THE POLICY OF THE INSTITUTE FOR FINANCIAL LITERACY TO PRESENT THE COMPLETED FORM 990, INCLUDING SIGNIFICANT SCHEDULES, TO THE FULL BOARD OF DIRECTORS. EACH MEMBER OF THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 PRIOR TO THE SUBMISSION OF THE FORM TO THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C IT IS WITHIN THE CONFLICT OF INTEREST POLICY THAT EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PAGE 6, PART VI, LINE 15A IT IS THE POLICY OF THE INSTITUTE FOR FINANCIAL LITERACY THAT WHEN HIRING THE EXECUTIVE DIRECTOR, OR UPON A PROPOSED MODIFICATION OF THE EXECUTIVE DIRECTOR'S COMPENSATION, THE BOARD WILL PERFORM A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION. THIS PROCESS IS TO INCLUDE EITHER (A) A REVIEW OF COMPARABILITY DATA BY THE BOARD OF DIRECTORS OR (B) AN INDEPENDENT COMPENSATION CONSULTANT HIRED BY THE BOARD. COMPARABILITY DATA CAN INCLUDE COMPENSATION SURVEYS, WRITTEN EMPLOYMENT CONTRACTS, AND/OR 990S OF SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 15B IT IS THE POLICY OF THE INSTITUTE OF FINANCIAL LITERACY THAT THE EXECUTIVE DIRECTOR SHALL HIRE KEY EMPLOYEES AND THAT THE EXECUTIVE DIRECTOR SHALL SET THE COMPENSATION OF KEY EMPLOYEES AFTER REVIEWING COMPARABILITY DATA. COMPARABILITY DATA CAN INCLUDE COMPENSATION SURVEYS, WRITTEN EMPLOYMENT CONTRACTS, AND/OR 990S OF SIMILAR ORGANIZATIONS. IF THE EXECUTIVE DIRECTOR HAS A FAMILIAL RELATIONSHIP OR CONFLICT OF INTEREST WITH A KEY EMPLOYEE, THE BOARD WILL PERFORM A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION FOR THAT KEY EMPLOYEE. THE BOARD WILL RETAIN DOCUMENTATION OF THE DELIBERATION AND FINAL DECISION. FORM 990, PAGE 6, PART VI, LINE 19 IT IS THE POLICY OF THE INSTITUTE FOR FINANCIAL LITERACY THAT ITS BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES WILL BE SENT VIA CERTIFIED FIRST CLASS U.S. MAIL WITHIN THIRTY (30) BUSINESS DAYS OF THE RECEIPT OF THE REQUEST. THE ORGANIZATION RESERVES THE RIGHT TO CHARGE A REASONABLE COPYING FEE PLUS ACTUAL POSTAGE.