PLATINUM2022

SAVVY LADIES

Championing women’s empowerment through financial knowledge.

New York, NY   |  www.savvyladies.org

Mission

Savvy Ladies is a non-profit organization that provides free financial education and resources. Our goal is to empower women to achieve financial independence. Our promise is to prepare you to make informed decisions about your money so you can live the life you deserve. Savvy Ladies is unique because it is solely and authentically devoted to financial education for women, completely independent from any financial institution or organization.

Ruling year info

2006

Executive Director

Judy Herbst

Founder, Board Chair

Stacy Francis

Main address

39 Broadway Rm 1730

New York, NY 10006 USA

Show more contact info

EIN

32-0153604

NTEE code info

Financial Counseling, Money Management (P51)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2020, 2019 and 2018.
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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Savvy Ladies champions women to take control of their finances and achieve financial security to advance women’s empowerment. The lack of financial literacy is a male and female problem. But women tend to fare worse than their male counterparts on quizzes that test financial knowledge. 56% of women and 61% of millennials women still abdicate major financial decisions to the men in their lives. Women age 65 and older are 80% more likely to be impoverished than men of the same age. The statistics are even worse for women of color. More than 50% of women are single. Many will stay that way, making them de facto heads of households. 8 in 10 women will shoulder the responsibility for their finances alone. Women of all ages at all levels of income described a desire, not just for a home, but a home with a paid-off mortgage, and not just for a car, but for a “safe car” and for substantial savings, not just money is the stock market, but more importantly actual cash in the bank. I

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Savvy Ladies Free Financial Helpline

Savvy Ladies Free Financial Helpline provides a confidential call with a certified financial planner*.
Women can call for guidance on a wide range of personal finance topics.

Population(s) Served
Women
Adults
Multiracial people
Single parents
Economically disadvantaged people

Savvy Ladies, a nationally recognized non-profit organization championing financial literacy and supporting free financial education for women, is launching the Savvy LadiesⓇ Financial Knowledge Program. This new educational program of free financial courses is in partnership with the Fitness Financial Group to bring the best-in-class courses created by industry experts, curated for Savvy Ladies.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of new advocates recruited

This metric is no longer tracked.
Totals By Year
Population(s) Served

Multiracial people, Older adults, Low-income people, Retired people, Single parents

Related Program

Savvy Ladies Free Financial Helpline

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

New Helpline Volunteers being recruited exceeds prior year.

Number of new champions or stakeholders recruited

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Women

Related Program

Savvy Ladies Free Financial Helpline

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Volunteers Recruited

Number of list subscribers

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Families, Single parents, Widows and widowers

Related Program

Savvy Ladies Free Financial Helpline

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Women who seek out Savvy Ladies for financial guidance and subscribe to our newsletter, attend our programming and submit their financial question to the free helpline.

Total number of volunteer hours contributed to the organization

This metric is no longer tracked.
Totals By Year
Population(s) Served

Multiracial people, Women

Related Program

Savvy Ladies Free Financial Helpline

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

All our volunteers on the Helpline offer their services pro bono to speak with and give financial guidance. Most volunteers offer 3-5 hours per month.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The goal of Savvy Ladies is to ensure that women have a trusted and reliable resource to get educated about their financial lives and encourage women to build and preserve economic security. The intended outcome is to decrease the number of women who fall prey to financial abuse and exploitation and increase the number of women who understand the importance of educating themselves.

Savvy Ladies®, an NYC-based nonprofit organization founded in 2003, empowers women through financial knowledge and champions the advancement of self-reliant, financially educated women. Savvy Ladies is now helping more than 17,000 women annually, both from the New York area and nationwide, through virtual and in-person programs, including the Savvy Ladies Free Financial Helpline, online financial education learning tracks, webinar sessions, panel discussions, online classes, monthly newsletter, a financial education blog, on-demand videos. Savvy Ladies leverages the pro bono expertise of more than 200 volunteers with deep knowledge in financial services and related areas who serve as Helpline coaches, program presenters, panelists, writers, advocates, and more. Savvy Ladies strategy is to continue to expand its outreach via like-minded groups such as Dress for Success and Hopes Door to offer free financial resources to those in need. Savvy Ladies believes in the importance of leveraging technology to advance its outreach, enhancing the connections with volunteers and clients, and as such, is launching an APP to facilitate these connections.

Savvy Ladies assists women by providing 1:1 financial guidance via the Free Financial Helpline. The Helpline is connecting over 200+ women each month and currently seeing those numbers doubling over prior years. New partnerships with local women's community groups in need of financial guidance are rapidly increasing our services.

Savvy Ladies is doubling the number of women being assisted in the Helpline and is increasing the number of Financial Professional volunteers who offer their services pro bono to guide women through their personal financial questions.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.

  • Who are the people you serve with your mission?

    Savvy Ladies champions all women to take control of their finances and achieve financial security to advance women’s empowerment. Savvy Ladies serves all women in the United States who have a personal financial question. Approximately 54% of the women served are LMI Black, African American, Mixed Race & Asian women.

  • How is your organization collecting feedback from the people you serve?

    Electronic surveys (by email, tablet, etc.), Case management notes,

  • How is your organization using feedback from the people you serve?

    To inform the development of new programs/projects, To strengthen relationships with the people we serve,

  • What significant change resulted from feedback?

    We heard from our clients that they liked meeting the volunteers in workshops before their 1:1 guidance sessions, so we are hosting workshops with local community non-profits to introduce our amazing community of financial volunteers to local groups of women. Hence, they are comfortable submitting their personal financial questions for 1:1 sessions.

  • With whom is the organization sharing feedback?

    The people we serve, Our staff, Our board, Our funders, Our community partners,

  • How has asking for feedback from the people you serve changed your relationship?

    It is empowering and builds confidence in the women we serve.

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, 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 act on the feedback we receive,

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback,

Financials

SAVVY LADIES
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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lock

Connect with nonprofit leaders

Subscribe

Build 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.

SAVVY LADIES

Board of directors
as of 10/12/2022
SOURCE: Self-reported by organization
Board chair

Stacy Francis

Francis Financial

Term: 2003 -

Lisa Zeiderman

Miller Zeiderman

Pamela Moschetti

SPACE

Amy Holzman

Wills, Trusts & Estates

Mary Stone

StoneX Financial

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • 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 ? Not applicable
  • 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

SOURCE: Self-reported; last updated 10/12/2022
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female
Sexual orientation
Decline to state
Disability status
Decline to state

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female
Sexual orientation
Heterosexual or straight
Disability status
Decline to state

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 06/02/2021

GuideStar 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

Data
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
Policies and processes
  • 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.