Northern New England Center for Financial Training
Unlock Your Potential
Mission
CFTEA is committed to offering professional continuing education programs in partnership with financial institutions and area organizations and their employees. We value and deliver a high standard of cost-effective educational programs while promoting personal growth through professional development.
Ruling year
1997
Executive Director
Andrew Lederer
Main address
PO Box 365
Springvale, ME 04083 USA
EIN
01-0511583
NTEE code
Adult, Continuing Education (B60)
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
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Communication
Programs and results
What we aim to solve
The Northern New England Center for Financial Training is seeking to expand our access to financial and development education to individuals displaying financial need, women and minorities located in our service areas of Maine, New Hampshire, Vermont and Virginia. The objective of our CFTEA On-Demand Project is to leverage technology in a way to reduce educational costs for students, provide access to education that allows individual balance of work-life balance and unlocks educational career paths for greater success in the community.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Professional Development
Business professional development with educational career paths and national certifications.
Where we work
Affiliations & memberships
Maine Association of Non Profits 2019
External reviews
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of alumni (regardless of last date of enrollment) who submit updated contact information to the alumni office within the most recent academic year
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Economically disadvantaged people
Related Program
Professional Development
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Context Notes
Contact information is updated when alumni reach out to interact with our non-profit. At times contact information for their jobs changes. The CFTEA office uses this material to update student files
Number of clients participating in educational programs
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Economically disadvantaged people
Related Program
Professional Development
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Context Notes
The goal is to increase the number of clients and there was been substantial effort in updating dated programs and meeting the needs of a modern workforce.
Number of editorial board meetings held
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Economically disadvantaged people
Related Program
Professional Development
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Context Notes
These meetings are held annually each quarter to manage the community outreach and workforce development initiatives for the organization. The meetings review options to better support communities.
Number of donations made by board members
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Economically disadvantaged people
Related Program
Professional Development
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Context Notes
Board members are not required to provide fundraising to our non-profit however they volunteer their time on various projections and student interactions and programs.
Average number of years of formal education for teachers/instructors
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Economically disadvantaged people
Related Program
Professional Development
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Context Notes
Due to retirement, instructor average age has declined, but has provided new opportunities and more engagement from younger members of the team. Our instructors have at least a bachelor's degree.
Number of clients reporting increased knowledge after educational programs
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Economically disadvantaged people
Related Program
Professional Development
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Context Notes
Metric was not tracked but has been added in 2019 to show increased knowledge and would students recommend programs to others. This is allowing us to clearly look at quality and effectiveness.
Number of Facebook followers
This metric is no longer tracked.Totals By Year
Population(s) Served
Age groups
Related Program
Professional Development
Type of Metric
Other - describing something else
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
NNECFT is seeking to increase student enrollment by enabling our target population to have access to financial education and to provide opportunities for advancement for those currently working in a minimum wage position. This is done through quality education partners and leveraging technology to meet the busy demands of students seeking life-work balance. It is critical to community success to provide access to quality education that improves our communities through educational career paths and financial literacy.
What are the organization's key strategies for making this happen?
NNECFT has completed a three strategic plan that focuses on Student Experience, Organizational Viability and Partnerships. These key strategies drive the direction of the organization to update materials and enhance the use of technology to improve the learning experience. New nationally recognized certifications have been created to allow for a clear educational career path for those seeking to develop and/or enhance their careers.
What are the organization's capabilities for doing this?
NNECFT leverages a large number of volunteers that have assisted in updating materials and use instructional design to meet the demands of today's learners. Additionally, vendors, where appropriate, have been utilized to meet the changing needs in learning and development.
What have they accomplished so far and what's next?
Over 40 course materials have been updated, social media support and presence has been added, our website is currently being redesigned to enhance the student experience and a grant has been requested to leverage technology and have a learning management system.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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Who are the people you serve with your mission?
We serve all people in the community seeking to enhance their careers through professional development and specific industry training pertaining to financial institutions. Our mission directly speaks to supporting organizations, employees and the community. Board meetings dedicate time to discussing how we can better connect and support the communities we serve.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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What significant change resulted from feedback?
New programs have been created for educational career paths with certificates and diplomas in under served areas. This has resulted in growing from 10 to nearly 35 new career paths for conversations within departments/areas for workforce development. The feedback has been very positive from this requested change.
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
Northern New England Center for Financial Training
Board of directorsas of 02/23/2023
Lise Patterson
Androscoggin Bank
Marcia Benner
First National Bank
Term: 2021 - 2022
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
No data
Race & ethnicity
Gender identity
Sexual orientation
Disability
We do not display disability information for organizations with fewer than 15 staff.
Equity strategies
Last updated: 09/17/2021GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
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- Contractor and/or Paid Preparer data for 2022, 2021, 2020
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