Nonprofit · EIN 46-3612187
CITIES FOR FINANCIAL EMPOWERMENT FUND INC
Tax-exempt · NEW YORK, NY 10005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $17,266,819 | $14,321,298 | $2,945,521 | $27,129,516 | $10,349,105 | $16,780,411 |
| June 30, 2024 | 990 | $4,006,798 | $12,252,822 | -$8,246,024 | $23,644,509 | $9,918,054 | $13,726,455 |
| June 30, 2023 | 990 | $7,628,594 | $10,398,984 | -$2,770,390 | $27,222,487 | $5,040,466 | $22,182,021 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $16,352,511
- Program service revenue
- $0
- Investment income
- $892,341
- Other revenue
- $21,967
Expenses
- Grants and similar amounts paid
- $4,854,081
- Compensation of officers, directors and key employees
- $1,505,575
- Other salaries and wages
- $2,688,643
- Salaries, compensation and benefits (total)
- $5,073,551
- Professional fundraising fees
- $80,000
- Legal fees
- $97,912
- Accounting fees
- $123,001
- Occupancy
- $677,632
- Depreciation
- $253,195
- Program services (functional)
- $12,284,249
- Management and general (functional)
- $1,176,175
- Fundraising (functional)
- $860,874
Balance sheet and other
- Total assets, start of year
- $23,644,509
- Total assets, end of year
- $27,129,516
- Total liabilities, end of year
- $10,349,105
- Net assets, end of year
- $16,780,411
- Land, buildings and equipment
- $646,808
- Net assets without donor restrictions
- $7,549,058
- Net assets with donor restrictions
- $9,231,353
- Gross receipts
- $17,266,819
- Employees
- 34
- Volunteers
- 6
- Year formed
- 2013
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN MINTZ | PRESIDENT AND CEO Trustee or director, Officer | 40 | $456,946 | $18,865 |
| AMELIA ERWITT | CHIEF OPERATING OFFICER Officer | 40 | $264,113 | $47,397 |
| LISA NICOLLE GRIST | CHIEF RESEARCH, EVALUATION & FINANCE Officer | 40 | $213,763 | $23,556 |
| TAMARA LINDSAY | CHIEF - STRATEGY Key employee | 40 | $195,063 | $24,081 |
| KAITLIN PLAT | CHIEF- COMMUNICATIONS & DEVELOPMENT Key employee | 40 | $169,148 | $21,858 |
| DAVID ROTHSTEIN | SENIOR PRINCIPAL Highest-paid employee | 40 | $157,895 | $28,146 |
| KANT DESAI | SENIOR PRINCIPAL Highest-paid employee | 40 | $139,157 | $40,900 |
| VICTORIA SELKOWE | SENIOR PRINCIPAL Highest-paid employee | 40 | $143,018 | $33,466 |
| ELISA LOPEZ | SENIOR DIRECTOR Highest-paid employee | 40 | $113,330 | $28,737 |
| AARON HIRSH | PRINCIPAL Highest-paid employee | 40 | $109,758 | $14,110 |
| KAREN FREEMAN-WILSON | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSE CISNEROS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CATHLEEN MAHON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NAOMI GENDLER CAMPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LATIA CURRY HARRISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTIN GRUENBERG | BOARD MEMBER Trustee or director | 1 | $0 |
| LEIGH PHILLIPS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN MINTZ | PRESIDENT AND CEO Trustee or director, Officer | 40 | $414,860 | $18,285 |
| AMELIA ERWITT | CHIEF OPERATING OFFICER Officer | 40 | $237,656 | $35,320 |
| LISA NICOLLE GRIST | CHIEF RESEARCH, EVALUATION & FINANCE Officer | 40 | $182,668 | $18,075 |
| TAMARA LINDSAY | CHIEF - STRATEGY Key employee | 40 | $176,030 | $16,405 |
| DAVID ROTHSTEIN | SENIOR PRINCIPAL Highest-paid employee | 40 | $153,351 | $33,348 |
| KAITLIN PLAT | SENIOR DIRECTOR Highest-paid employee | 40 | $156,866 | $16,458 |
| KANT DESAI | SENIOR PRINCIPAL Highest-paid employee | 40 | $129,974 | $9,245 |
| FERNANDA VILLASENOR | SENIOR PRINCIPAL Highest-paid employee | 40 | $114,930 | $9,245 |
| ELISA LOPEZ | SENIOR DIRECTOR Highest-paid employee | 40 | $103,588 | $9,245 |
| KAREN FREEMAN-WILSON | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL DUBIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CATHLEEN MAHON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NAOMI GENDLER CAMPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSE CISNEROS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LATIA CURRY HARRISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEIGH PHILLIPS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN MINTZ | PRESIDENT AND CEO Trustee or director, Officer | 40 | $384,554 | $16,431 |
| AMELIA ERWITT | MANAGING DIRECTOR Key employee | 40 | $220,180 | $33,145 |
| LISA NICOLLE GRIST | CHIEF RESEARCH, EVALUATION & FINANCE Officer | 40 | $169,264 | $16,931 |
| I-HSING SUN | CHIEF PROGRAM OFFICER Key employee | 40 | $160,497 | $23,843 |
| TAMARA LINDSAY | CHIEF OF STRATEGY Key employee | 40 | $163,247 | $16,866 |
| DAVID ROTHSTEIN | SENIOR PRINCIPAL Highest-paid employee | 40 | $141,855 | $20,948 |
| KAITLIN PLAT | SENIOR PRINCIPAL Highest-paid employee | 40 | $145,898 | $15,553 |
| FERNANDA VILLASENOR | PRINCIPAL Highest-paid employee | 40 | $108,104 | $13,705 |
| MICHAEL DUBIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CATHLEEN MAHON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NAOMI GENDLER CAMPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSE CISNEROS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LATIA CURRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN FREEMAN-WILSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEIGH PHILLIPS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 44 WALL ST STE 1050, NEW YORK, NY 10005-2415
- In care of
- % JONATHAN MINTZ
- Mailing address (990-N for 2013)
- 130 William Street suite 902, New York NY 10038
- Principal officer (990 for 2024)
- JONATHAN MINTZ, 44 WALL STREET - SUITE 1050, NEW YORK, NY 100052443
- Principal officer (990-N for 2013)
- Jonathan Mintz, CFE Fund 130 William Street 902, New York NY 10038
- Signed the 990
- JONATHAN MINTZ, PRESIDENT AND CEO
- Phone
- (646) 362-1639
- Website
- www.cfefund.org
- Return prepared by
- LUTZ AND CARR CPAS LLP
Mission
SEE SCHEDULE OTHE CFE FUND'S MISSION IS TO LEVERAGE MUNICIPAL ENGAGEMENT TO IMPROVE THE FINANCIAL STABILITY OF HOUSEHOLDS BY EMBEDDING FINANCIAL EMPOWERMENT STRATEGIES INTO LOCAL GOVERNMENT INFRASTRUCTURE. THE CFE FUND FOCUSES PROGRAMMATIC, RESEARCH, AND POLICY EFFORTS TOWARDS DESIGNING, EMBEDDING, AND REPLICATING FINANCIAL EMPOWERMENT INITIATIVES WITHIN LOCAL GOVERNMENT.
Program accomplishments
- FINANCIAL EMPOWERMENT CENTERSMUNICIPAL FINANCIAL EMPOWERMENT CENTERS (FECS) OFFER PROFESSIONAL, ONE-ON-ONE FINANCIAL COUNSELING AS A FREE PUBLIC SERVICE. THE MODEL, FIRST PILOTED IN NEW YORK CITY, IS NOW ACTIVE IN 39 CITIES AND COUNTIES, HELPING OVER 200,000 CLIENTS REDUCE DEBT BY MORE THAN $344 MILLION AND INCREASE SAVINGS BY OVER $69 MILLION; DOZENS OF ADDITIONAL LOCAL GOVERNMENTS ARE WORKING TO LAUNCH A LOCAL FEC INITIATIVE. EACH PARTNER HAS SEEN INCREDIBLE DEMAND FOR FEC SERVICES AND HAS QUICKLY REALIZED THE IMPORTANCE OF THIS WORK; MANY HAVE TRANSITIONED SUCCESSFULLY FROM PRIVATE INVESTMENT INTO ONGOING PUBLIC FUNDING SUSTAINABILITY. (CONTINUED ON SCHEDULE O)THE CFE FUND'S FEC ACADEMY ENTRY POINT GUIDES CITIES AND COUNTIES THROUGH EACH STEP OF PLANNING TO LAUNCH THE MODEL LOCALLY. THIS YEAR, THE CFE FUND ALSO INTRODUCED LEGACY PLANNING AS A NEW FEC SERVICE PLAN; COUNSELORS CAN NOW HELP CLIENTS PROTECT THEIR ASSETS, PLAN FOR RETIREMENT, AND ACCESS RESOURCES TO HELP THEM CREATE LEGAL DOCUMENTS LIKE WILLS. FINALLY, THE CFE FUND IS PILOTING A NEW ENHANCEMENT TO THE FEC MODEL FOCUSING ON SMALL BUSINESS AND ENTREPRENEURSHIP SERVICES.Expenses $8,108,471 · grants $3,290,000
- CITY START THE CITYSTART INITIATIVE PROVIDES STRUCTURED SUPPORT TO HELP LOCAL GOVERNMENTS IDENTIFY FINANCIAL EMPOWERMENT GOALS, CONVENE RELEVANT STAKEHOLDERS, AND DEVELOP ACTIONABLE STRATEGIES, CULMINATING IN THE CREATION OF A "WEALTH EQUITY BLUEPRINT," ROOTED IN LOCAL INSIGHTS. THIS TWO-PHASE ENGAGEMENT COMBINES CRITICAL INSIGHTS ABOUT THE IMPACT OF FINANCIAL INSTABILITY ON MUNICIPAL GOVERNMENTS WITH TANGIBLE STRATEGIES TO HELP RESIDENTS BUILD FINANCIAL STABILITY. THE CFE FUND HAS SUPPORTED 50 MUNICIPALITIES THROUGH THE CITYSTART INITIATIVE.Expenses $1,210,987 · grants $600,000
- FINANCIAL EMPOWERMENT CITIES ACROSS 150 MUNICIPALITIES AND YEARS OF WORK, THE CFE FUND'S PROGRAMMATIC EXPERIENCE HAVE SHOWN THAT FINANCIAL EMPOWERMENT EFFORTS CAN ACHIEVE SUCCESSFUL OUTCOMES IN BOTH IMPACT AND SCALE WHEN THEY ARE LED BY LOCAL GOVERNMENT. THROUGH THE FINANCIAL EMPOWERMENT CITIES (FE CITIES) INITIATIVE, THE CFE FUND SUPPORTS MUNICIPALITIES TO MORE DEEPLY INVEST IN THEIR FINANCIAL EMPOWERMENT WORK BY CREATING A DEDICATED OFFICE OF FINANCIAL EMPOWERMENT (OFE). EACH COHORT OF FE CITIES LEADERS COMPLETES A TWO-YEAR TRAINING PROGRAM, WORKING WITH THE CFE FUND TO LAUNCH AND LEAD OFES IN THEIR RESPECTIVE MUNICIPALITIES. THE CFE FUND HAS SUPPORTED 10 MUNICIPALITIES THROUGH THE FE CITIES INITIATIVE.Expenses $1,121,076 · grants $480,000
- ADDITIONAL CFE FUND PROGRAMS INCLUDE: SUPPORTING THE CFE COALITION, AN INVITATION-ONLY GROUP OF 19 CITIES ON THE CUTTING EDGE OF MUNICIPAL FINANCIAL EMPOWERMENT; LIAISING NATIONALLY WITH BANKING, REGULATORY, AND NONPROFIT ORGANIZATION PARTNERS TO ENSURE THAT EVERYONE HAS ACCESS TO SAFE, AFFORDABLE BANKING; CONNECTING LOCAL EMERGENCY MANAGEMENT LEADERSHIP WITH COMMUNITY AND GOVERNMENT FINANCIAL EMPOWERMENT RESOURCES TO ENSURE THAT EMERGENCY RESPONSE PROTOCOLS INCORPORATE PERSONAL FINANCE CONSIDERATIONS; DEVELOPING CONSUMER FINANCIAL PROTECTION CAPACITY; AND USING THE SCALE AND INFRASTRUCTURE OF MUNICIPAL YOUTH EMPLOYMENT PROGRAMS TO INTEGRATE TARGETED FINANCIAL EDUCATION AND BANKING ACCESS STRATEGIES.Expenses $1,843,715 · grants $484,081 · revenue $9,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3612187
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $27,129,516
- Income (IRS master file)
- $17,266,819
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $17,266,819 | $14,321,298 | $27,129,516 | IRS |
| 990 | June 2024 | $4,006,798 | $12,252,822 | $23,644,509 | IRS |
| 990 | June 2023 | $7,628,594 | $10,398,984 | $27,222,487 | XML |
| 990 | June 2022 | $27,257,857 | $11,253,754 | $29,695,810 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Jonathan Mintz | June 30, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3612187).
Questions about CITIES FOR FINANCIAL EMPOWERMENT FUND INC
- What is the EIN of CITIES FOR FINANCIAL EMPOWERMENT FUND INC?
- The employer identification number (EIN) of CITIES FOR FINANCIAL EMPOWERMENT FUND INC is 46-3612187.
- Is CITIES FOR FINANCIAL EMPOWERMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to CITIES FOR FINANCIAL EMPOWERMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CITIES FOR FINANCIAL EMPOWERMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CITIES FOR FINANCIAL EMPOWERMENT FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CITIES FOR FINANCIAL EMPOWERMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CITIES FOR FINANCIAL EMPOWERMENT FUND INC?
- The 990 for the year ended June 30, 2025 names JONATHAN MINTZ.
- Who are the officers and directors of CITIES FOR FINANCIAL EMPOWERMENT FUND INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 10 received compensation from the organization, the highest $456,946 (JONATHAN MINTZ, PRESIDENT AND CEO).
- How much revenue does CITIES FOR FINANCIAL EMPOWERMENT FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $17,266,819, expenses of $14,321,298 and total assets of $27,129,516 at year end.
Other nonprofits in NEW YORK
- LOCAL INITIATIVES SUPPORT CORPORATION EIN 13-3030229 · last filed 990 for 2024
- HADASSAH THE WOMENS ZIONIST ORGANIZATION OF AMERICA INC EIN 13-1656651 · last filed 990 for 2024
- GRAMEEN AMERICA INC EIN 20-8497991 · last filed 990 for 2024
- THE COMMUNITY PRESERVATION CORPORATION EIN 13-2792409 · last filed 990 for 2025
- HISPANIC FEDERATION INC EIN 13-3573852 · last filed 990 for 2025
- CENT FOR URBAN COMMUNITY SVCS EIN 13-3687891 · last filed 990 for 2025
- CONFERENCE BOARD INC EIN 13-1624108 · last filed 990 for 2024
- TED FOUNDATION INC EIN 82-1934592 · last filed 990-PF for 2025
All nonprofits in NEW YORK · New York · Community improvement and capacity building