PLATINUM2023

FINANCIAL SERVICES COALITION - PUGET SOUND CHARITABLE FOUNDATION

Turning the Page to the Next Generation

aka FSC-PS CF   |   Seattle, WA   |  www.fsc-ps.org
GuideStar Charity Check

FINANCIAL SERVICES COALITION - PUGET SOUND CHARITABLE FOUNDATION

EIN: 26-1801775


Mission

To support the mission of the Urban Financial Services Coalition in being the preeminent financial services organization that provide professional development programs, support educational advancement, and promote economic empowerment to its members and minority communities at large. We also fiscally sponsor and support community projects that align with our mission, goals, and values.

Notes from the nonprofit

The FSC-PS Charitable Foundation is now an official fiscal sponsor governed by the guidelines in Fiscal Sponsorship: Six Ways to Do It Right. Learn more in the national directory at https://fiscalsponsordirectory.org.

Ruling year info

2008

President/CEO

Lizzie L Martinez Alvarez

Vice President

Vicki Sheehan

Main address

Seattle - Columbia Center 701 5th Avenue, Suite 4200

Seattle, WA 98104 USA

Show more contact info

EIN

26-1801775

Subject area info

Education

Philanthropy

Youth development

Population served info

Adolescents

Ethnic and racial groups

At-risk youth

Students

NTEE code info

Management & Technical Assistance (O02)

Scholarships, Student Financial Aid, Awards (B82)

Research Institutes and/or Public Policy Analysis (T05)

What we aim to solve

SOURCE: Self-reported by organization

The organization is seeking to align funding with operational sustainability. This has been the challenge since inception. In 2013, a strategic decision was made to offer more business management services and technical assistance through the form of fiscal sponsorship. The additional revenue stream has increased the 2018 revenue to more than $175,000 at year-end 2018. The goal is to more than double the revenue stream in 2019.

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?

Higher Education Scholarships

The Financial Services Coalition – Puget Sound Charitable Foundation (“FSC-PS” or “Foundation”) is a tax exempt 501(c) (3) organization and an independent body of the Urban Financial Services Coalition – Puget Sound (“UFSC-PS”) Chapter. The Foundation was established to support the educational and community activities of the UFSC-PS as the primary source of scholarship funds and community grants for the organization with the objective of encouraging and assisting minorities in entering and advancing their careers in the financial services industry.

Population(s) Served
Adolescents
Ethnic and racial groups

The High School Financial Planning Program® (HSFPP) is a flagship program of the National Endowment for Financial Education® (NEFE®). NEFE evolved from the College for Financial Planning®, a Denver-based nonprofit organization that served as the nation's first financial-planning educational institution. As the College grew, diversified, and advanced its interaction with the public, its trustees and management recognized a critical need for ongoing educational efforts that could provide reliable, impartial financial information to consumers, particularly the underserved. To meet that need, the trustees created the National Endowment.

NEFE's High School Financial Planning Program® (HSFPP) is a free turnkey financial literacy program specifically focused on basic personal finance skills that are relevant to the lives of teens in Grades 8-12.
The High School Financial Planning Program comes complete with a fully developed, award winning curriculum that has been lab tested.

• Six 40-page Student Guides; one for each of the following personal finance topics: Money Management, Borrowing, Earning Power, Investing, Financial Services, and Insurance.

• Instructor materials including lesson plans, presentation materials, handouts, performance assessments, and online resources.

• Authorized instructors can order student guide workbooks and also access all instructional materials from the website.

Since its beginnings in the 1980's, the program has reached nearly 11.5 million students and individuals in schools, youth organizations, community programs, and many other settings in all 50 states, the District of Columbia, and over 100 U.S. military installations around the globe.

Population(s) Served
Adolescents
Ethnic and racial groups

The purpose of the Central District YCCR is to respond to Central District residents’ concerns about low-to moderate-income students’ low performance on city, state and district assessments, and widely accepted outcomes and indicators of school success and college and career readiness. The Steering Committee wishes to provide a twelve-month project that will assist 500 low-income students of color aged 15 to 21 in preparing for higher education and SAT/ACT college admission tests, developing leadership, self-efficacy and workplace skills that support high school success and college and career readiness, and conducting community service learning that will promote the higher education and career aspirations of other Central Seattle youths. In their Culminating Youth-led Workshop, they will share their lessons learned and strategies worthy of replication with other Seattle youth and young adults (especially residents of the Central District). The Central District YCCR will foster the development of academic, workplace, and leadership skills that will help youths and young adults successfully enter higher education, careers, and the 21st century economy.

Population(s) Served
At-risk youth
Ethnic and racial groups

Where we work

Affiliations & memberships

World Trade Center Seattle 2012

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 students showing interest in topics related to STEM

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

Age groups

Related Program

Higher Education Scholarships

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Holding steady

Context Notes

Seattle Pacific University Fall Career Fair attracted social media, digital marketing, and an accounting student from the Handshake online portal career and job fairs.

Number of fiscal sponsor applicants sponsored

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

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 goals and objectives of this Corporation shall be, to engage in any lawful act or activity such as any corporation organized under the Section 501 (c) (3) of the Internal Revenue Code. Specifically, the objectives of this Corporation shall be: • To promote economic development and provide technical, educational, and advisory assistance to economically disadvantaged communities. • To provide scholarships to college bound students from economically disadvantaged communities who have expressed an interest in the financial services industry. • To help educate and inform youth about the employment opportunities available in the financial services industry.

To help keep the Foundation competitive and maintain its purpose and goals in addressing
strategic matters, it is the policy of the Foundation to encourage strategic planning among the executive
membership and promote outreach to the financial services industry alliances. Disciplined and concerted
planning efforts will shape and guide the Foundation by refining its purpose and focusing its concentration on
future programs, thereby allowing the organization to keep pace with financial services industry. A SWOT
analysis tool will be used to effectively evaluate the internal strengths and weaknesses and the external
opportunities and threats that impact the target organizational goals.

The Foundation provides support to the underserved communities at large by funding financial, professional development, and educational programs, as well as community and economic development programs for under-served individuals and communities. The Foundation also provides fiscal sponsorship to community organizations and projects, offers professional certification scholarships to individuals, and funding resources in efforts aimed at promoting minority business, entrepreneurship, and economic development programs.

A selection of individuals with backgrounds as providers of, consumers of, promoters of access to, and educators with respect to financial education and financial services are appointed to serve as strategic planners and to analyze the progress of program outcomes. Each individual member of the Strategic Planning Committee will serve as a representative of his or her industry, trade group, public interest group, or other organization or group. The composition of the Strategic Planning Committee shall reflect the views of diverse stakeholders.

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.
  • 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 identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

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

    We take steps to get feedback from marginalized or under-represented people, 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, We ask the people who gave us feedback how well they think we responded

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

FINANCIAL SERVICES COALITION - PUGET SOUND CHARITABLE FOUNDATION
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Financial data

SOURCE: IRS Form 990

FINANCIAL SERVICES COALITION - PUGET SOUND CHARITABLE FOUNDATION

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

FINANCIAL SERVICES COALITION - PUGET SOUND CHARITABLE FOUNDATION

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Operations

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

President/CEO

Lizzie L Martinez Alvarez

Vice President

Vicki Sheehan

FINANCIAL SERVICES COALITION - PUGET SOUND CHARITABLE FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

FINANCIAL SERVICES COALITION - PUGET SOUND CHARITABLE FOUNDATION

Board of directors
as of 02/16/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Lizzie L. Martinez Alvarez

Julie Chan

JaChan LLC

Adam Khan

UW Researcher

Valerie Read

NW Administrator

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 ? No
  • 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 3/23/2022

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
Black/African American
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person with a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Equity strategies

Last updated: 09/10/2021

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 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.
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.