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.

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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 supports teaching and educating women on important financial topics advancing financial education for all women. Professional experts covering topics such as divorce & money, retirement, social security, budget management, debt, family financial planning are just some of the topics covered in our live webinar programs. All webinars are recorded and available on https://www.savvyladies.org/webinars/

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

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 in 2021 already exceeds prior year. Goal is to grow volunteers on the Helpline to over 150+ in 2021

Number of new champions or stakeholders recruited

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

Adults, Women

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

New Development Committee Members who share Savvy Ladies vision of supporting financial education for women.

Number of list subscribers

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

Adults, Single parents, Widows and widowers

Related Program

Wi$dom Webinars

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Savvy Ladies virtual online webinars increase week over week offering free financial educational programs to all women on topics covering money management, estate planning, social security, budgeting.

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.

Savvy Ladies believes all women should have the financial knowledge and confidence to achieve financial empowerment. Savvy Ladies provides free financial resources to all women offering a free financial helpline, webinars, programs via online virtual content to educate and teach women about personal financial literacy.

Savvy Ladies is a safe space to learn about getting savvy about money - to get comfortable making money and investment decisions: our free financial helpline & online content programming guide for women to learn and further their financial education. Financial education builds confidence which empowers women to achieve the financial stability and independence to live life on their terms. Savvy Ladies has helped over 20,000 women of varied backgrounds identify their goals, make proactive choices about their finances, and lead more rewarding lives through our unique programming. Founded in 2003, Savvy Ladies Inc. is a 501(c)(3) non-profit organization that brings financial planning education to women. Savvy Ladies offers webinars, seminars, and a free helpline that distribute financial planning resources and provide a secure forum for women to network and receive personalized financial advice. Some of America’s leading financial planning experts have served as keynote speakers because they were inspired by the scope of Savvy Ladies’ mission and the size and spirit of its community.

Savvy Ladies assists women by providing 1:1 financial guidance via the Free Financial Helpline. The Helpline is connecting over 40+ women each month and currently seeing those numbers doubling in 2021 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 45% 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?

    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 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

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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 6/12/2021
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

BofA

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 06/02/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

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

Disability

No data

Equity strategies

Last updated: 06/02/2021

Policies and practices developed in partnership with Equity in the Center, a project that works to shift mindsets, practices, and systems within the social sector to increase racial equity. 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.