12/13 annual report - financial beginnings · rapid anticipation loans, payday loans, bill pay,...

12/13 ANNUAL REPORT

| financial Beginnings FinancialBeginnings.org2

WELCOME

Dear Financial Beginnings Supporters,

After ending my first full year serving as Board Chair, I am pleased to report that this was another successful year for Financial Beginnings. In the past twelve months we have educated 13,267 students, our largest year yet! To accomplish this we relied on our more than 600 dedicated volunteers and, thanks to our generous donors, grew our totalrevenue to over $310,000. These

Jim HuntBoard Chair

accomplishments helped solidify our position as a leading personal finance educator for both youth and adults in the Pacific Northwest.Although we have experienced rapid growth every year since our inception eight years ago, we are still only reaching a fraction of the region’s youth. Next year, in addition to continued growth of our volunteer corps, donors, and core programs, we are broadening our services to include translated materials for Spanish-speaking populations, a new

online program for youth and families, and a special capstone project for graduates of our programs. Thank you for continuing to support Financial Beginnings and we look forward to another strong year ahead.

FinancialBeginnings.org Financial Beginnings |

Dear Friends of Financial Beginnings,

It seems that every year I am reporting that “this was our biggest year yet”, but this is a huge accomplishment in these tough economic times. Nonprofits are faced with increased demand and a scarcity of resources to meet the demand.

Our numbers over the last several years show the incredible increases we have been able to sustain over the last several years. In the last three years Financial Beginnings has seen a 230% increase in the number of youth we provide financial education to and our organization has more than doubled its budget during the same period. We have been able to have such dramatic increases because:• Of our amazing team of over 600 active volunteers who are in the classrooms educating over 13,000 youth in the basics of personal

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Melody BellExecutive Director

About Financial Beginnings 4

Community Impact 5 Youth Programs 6

Adult Programs 9

Program Achievements 10

Consolidated Statement of Financial Activities 11

Annual Fundraising Event 12

Our Supporters 13

A Special Thank You 14

Looking Forward 15 Board of Directors 16

CONTENTS

FOLLOWUS

finance each year,• There are so many dedicated educators who find the time in their very limited day to include financial literacy,• We have such amazing partners who are willing to contribute financially and employee manpower so we can continue to offer our programs free of charge, and• Of the amazing Financial Beginnings staff and Board who are truly dedicated to Financial Beginnings and our mission.

I truly appreciate all of the support we have received to make this our biggest year yet! I look forward to the year ahead and know that in my annual report letter next year I will be saying, “it was our biggest year yet” yet again.

@finbeg

providinggoodcents.com/

Financial Beginnings


Financial Beginnings empowers youth and adults to take control of their financial future. We provide educational programs that incorporate all aspects of personal finance to give individuals the foundation they need to make informed financial decisions.

Financial Beginnings is the pathway to a financially literate nation. In a financially literate nation, individuals cease to see finances as a barrier and instead view them as a tool to realize their dreams. In a financially literate nation, individuals are vested in and contribute to a healthy economic system nationally, regionally and in their own neighborhood.

Our Mission

Overview of Programs

Our Vision

To accomplish its mission, Financial Beginnings provides free and unbiased financial literacy education for youth and adults.

Youth programs include Financial Foundations (for high school students and young adults), Banking on Our Future (for middle school students) and the newly added Financial Footings (for elementary school students). Youth programs are taught by trained volunteers and delivered in partnership with schools and community organizations. Since its inception Financial Beginnings has partnered with over 175 schools and community groups across the Pacific Northwest.

Adult programs include the Unraveling the Mysteries of Your Money series, which provides public forums that address relevant financial topics from investments to getting out of debt to retirement.

Financial Beginnings also provides consultation to other community organizations on financial literacy curriculum development.

“Financial education is a stepping stone to greater economic security, a healthier community, and an improved quality of life for us all.”

–Educator and School Partner

ABOUT FINANCIAL BEGINNINGS


“Before Financial Beginnings I had a lot of unanswered questions and felt that I wasn’t going to be able to succeed in life or be able to understand my financial life. Financial Beginnings

has given me a lot of confidence and I feel more hopeful for my future.” –Educator and School Partner

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COMMUNITY IMPACT

The Importance of Financial EducationIncreasing the financial literacy of our community’s next generation has a tremendous impact on the opportunities available to them and their overall quality of life.

Financial Beginnings’ participants are more likely to: Utilize Legitimate Banking and Financial Services

Those with an increased understanding about personal finances are more likely to open a bank account and utilize mainstream financial services. Those with a financial education are less likely to remain unbanked or underbanked. These terms refer to people who remain outside of the financial mainstream and instead turn to alternative services like rapid anticipation loans, payday loans, bill pay, prepaid debit cards and check cashing services. The unbanked rely on cash, pay excessive fees for basic financial services, and are susceptible to high-cost predatory lenders.

Increase Assets, Build Wealth

Access to, and utilization of, financial services is necessary to establish credit history which, in turn, is necessary for building assets such as buying a home or car. Un- or underbanked individuals miss opportunities to establish credit and have difficulties buying a home or otherwise acquiring assets. Currently 1 in 5 households has zero or negative assets.

Sources: FDIC Report on Unbanked and Underbanked, 2011; Washington Monthly Magazine 2012 based on research in the Journal of Family and Economic Issues, 2012; Apollo Research Institute, 2012; Mission Asset Fund 2012.

Enroll in College

A recent study found that children with personal savings accounts, regardless of how much is in the account, are seven times more likely to attend college than their peers who don’t have one. Citing the “assets effect” the simple act of saving money is a motivator. It was also noted that saving money early in life and on a regular basis instills a more discipline approach to money and life in general.

Graduate from College

Over 70% of those who drop out of college cite “anxiety or stress over college-related expenses” as their reason for doing so. College students with a greater understanding of interest, student loans, and those with a clear plan to manage their money are more likely to graduate that those who do not.

Manage and Reduce Debt

75% of U.S. households are in debt and the median U.S. family has carried credit card debt for more than 20 years. Individuals with a better understanding of how interest works and their responsibilities as a borrower are more likely to responsibly manage their credit and reduce overall consumer credit.


YOUTH PROGRAMS: FINANCIAL FOUNDATIONS

The Financial Foundations program teaches high school students and young adults about personal financial management. Soon, if not currently, these young people will have very real financial responsibilities and how they manage these obligations will have a dramatic and long-lasting effect on their futures, the opportunities available to them, and the quality of their lives. The Financial Foundations program includes five a la carte topics, each with two hours of instruction. This program is taught in the classroom by one of Financial Beginnings’ trained volunteers.

Budgeting – participants learn how to making a financial plan, budget for short and long-term goals, and relate responsible financial management to goal achievement.Investing – participants learn about types of savings and investments, types of retirement accounts, The Rule of 72, key investment concepts and terms, and investment considerations. Banking - participants learn how to choose a bank, the types of accounts and services available, how to manage their accounts, how to cut back on expenses, and how to avoid identity theft. Credit - participants learn the importance of credit, how to establish credit, one’s responsibility as a borrower, why credit is denied, other types of loans and credit, and how to access and read credit reports.Risk Management – participants learn how insurance works, coverage types, how to buy insurance, how to file a claim and the responsibilities of the insured.

Banks High School Boys & Girls Club of Central Oregon Centennial High School Century High School Cleveland High School Cornerstone Transition Program Fort Vancouver High School Franklin High School Future Business Leaders of AmericaGlendale High School Harkins House Hillsboro High School Hudson’s Bay High School Jefferson High School Lake Oswego High School Legacy High School Liberty High School Lincoln High School Madison High School McMinnville High School Miller Education Center West Mt. Scott High School

Thank you to the Oregon College Savings Plan for

serving as Title Sponsor of the Financial

Foundations program.

Overview & Program Delivery

Sample Curriculum

Participating Schools & Community Organizations National Charity League North Salem High School Open Meadow High School Oregon City Senior High School PIVOTPortland Homeless Family SolutionsPortland State University Regis High School Roosevelt High School Salvation Army Transitions Program South Eugene High School Southridge High School Sprague High School Springdale Job CorpsStep It UpSummer Youth Connect Taft High SchoolTigard High School Tualatin High School Union High School West Linn High School Wilson High School

TMCOLLEGE SAVINGS PLAN


YOUTH PROGRAMS: BANKING ON OUR FUTURE

The Banking on Our Future program was created for middle school students by Operation HOPE, a national nonprofit organization. Financial Beginnings manages Operation HOPE’s programming in Oregon. Banking on Our Future is a four hour curriculum, typically broken up into four, one-hour sessions. This program is taught in classrooms by one of Financial Beginnings’ trained volunteers.

Module 1: “Basics of Banking” – participants learn about earned versus gifted money, needs versus wants, the history of money, types of banks and the role of banks, fixed versus variable expenses, budgeting for a household, and how to create long and short-term budgets.Module 2: “Checkings & Savings” – participants learn about deposits, types of accounts, using a debit card or writing a check, balancing accounts, overdrafts and banking fees, and how to responsibly manage their bank accounts. Module 3: “Power of Credit” – participants learn about credit rates, interest rates, how credit is established, identity theft, types of loans and their terms, why credit matters, and how to keep their credit in good standing. Module 4: “Basic Investments” – participants learn about bonds, capital gains, mutual funds, equity investmentsversus debt investments, and are introduction to the basics of the stock market.

Access Academy at Sabin Hazelbrook Middle School Mount Tabor Middle School

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Sample Curriculum

Participating Schools & Community Organizations Portland Chinese Christian ChurchRaymond A. Brown Middle School Rosemont Ridge Middle School

St. Agatha Catholic School St. John Fisher School


YOUTH PROGRAMS: FINANCIAL FOOTINGSFinancial Beginnings is proud to introduce its new personal finance program for elementary students. This program, named Financial Footings, was developed with support from Umpqua Bank. Financial Footings complements existing Financial Beginnings’ programs by providing a continuum of finance education from kindergarten through high school graduation. Research demonstrates that providing this education early and reinforcing it often is the key to increasing overall and lifelong financial literacy.

The Financial Footings program introduces elementary school students to financial concepts and basic money management. There are two separate delivery models for different grade-levels within elementary schools. For grades 3-6, the program is taught in classrooms by one of Financial Beginnings’ trained volunteers through four, one-hour sessions. For grades K-2, educators are given materials and presenter guides to help them teach the curriculum to their students.

Major program topics and activities for K-2 include: Module 1: Show Me the Money – types of money, how money is used, and the history of money.Module 2: Earn Your Keep - how people earn money and jobs in our community.Module 3: Smart Spending – needs versus wants, basic budgeting and using money to purchase items.Module 4: Save It - the role of banks, saving money to reach a goal, and setting money-related goals.

Specific topics and program lessons for grades 3-6 include: Module 1: Money Matters - currency, consumers, supply and demand, and types of bills/coins. Module 2: Manage It - needs versus wants, budgets, income, taxes, goal setting, and earning money. Module 3: Get Banked - types of accounts, the role of banks and credit unions, deposits/withdrawals, and balancing an account.Module 4: Smart Future - credit, using debit/checks, and an introduction to loans and interest.

Alberta Rider Elementary School Alder Elementary SchoolBanks Elementary SchoolBridgeport Elementary SchoolButternut Creek Elementary SchoolEastwood Elementary SchoolFree Orchards Elementary SchoolLynch View Elementary School

Establishing responsible personal finance habits is a lifelong lesson, one that’s most effective when learned at a young age. We understand that children are growing up in a complex world and recognize the need for a comprehensive program that supports parents, teachers and children. Through Umpqua Bank’s Learn to Earn youth financial literacy program, we’re very pleased to partner with Financial Beginnings and share these enhanced tools and resources. Please visit umpquabank.com/learntoearn to see the full suite of tools.


Sample Curriculum

Participating Schools & Community Organizations Markham Elementary SchoolMcKay Elementary SchoolMinter Bridge Elementary SchoolMonroe Elementary SchoolNorth Plains Elementary SchoolOak Hills Elementary SchoolPeninsula Elementary SchoolRaleigh Park Elementary School

Sexton Mountain Elementary SchoolSpiritridge Elementary SchoolSt. Thomas Moore Elementary SchoolSt. John the Baptist Catholic SchoolTualatin Elementary SchoolVerne Patrick Elementary SchoolW. Verne McKinney Elementary School

FinancialBeginnings.org Financial Beginnings | 9

Financial Beginnings partnered with The Oregonian to expand its Unraveling the Mysteries of Your Money series, which offers free public forums on relevant personal finance topics. Brent Hunsberger, Finance Columnist at The Oregonian, serves a forum moderator for the events. Financial Beginnings held three successful forums in the past year, providing expert financial advice to nearly 350 attendees. These three forums included:

The Dollar $igns Surrounding College to help youth and parents plan for college expenses and better access financial aid. Portland State University, Clark College, Linfield College, Oregon State University and Washington State University were all in attendance to answer questions. Positioning Yourself for Success: Financial Planning for Gen Y to discuss with young adult participants how to build a strong financial foundation early in life to maximize one’s assets. The Portland State University School of Business was a partner for this forum. A New Beginning: Retirement Planning and Personal Finance to discuss what financial steps can be taken now to ensure a successful transition to retirement.

OnPoint is proud to support the financial needs and goals of the people of our community. Our commitment goes beyond our dedication to provide the best products and services for our members. It is also a commitment to step beyond our business walls and actively help make our community the best it can be. That‘s why we have partnered with Financial Beginnings to present the “Unraveling the Mysteries of Your Money” series. The series provides the opportunity for local experts and community members to come together and tackle the questions and concerns facing us all as we navigate the world of finance. Wherever you are in life, it pays to become more informed about your choices. Together, we can all achieve a stronger financial future.

ADULT PROGRAMS: UNRAVELING THE MYSTERIES OF YOUR MONEY

Meet the PanelistsWilliam J. Bernstein, Co-principal, Efficient Frontier AdvisorsChristopher Porter, Financial Advisor, Merrill LynchJosh Reick, President and CEO, Simple.comMark Strauss, Insurance Advisor, Leonard Adams InsuranceGretchen Beckner, ASPIRE & Columbia Region Supervisor, Oregon Student Access CommissionMichael Parker, Executive Director, Oregon College Savings PlanSusan Yang, Certified Public Accountant and Personal Financial SpecialistJoyce DeMonnin, Public Outreach Director, AARPTerry A. Donahe, Certified Financial Planner, Cascade WealthNelson Rutherford, Certified Financial Planner and Certified Public Accountant, Alten Sakai & Co.David C. Streicher, Attorney and Certified Public Accountant, Black Helterline LLP

| financial Beginnings FinancialBeginnings.org

1,299

214

66

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Our Reach: Youth Programs Community Support and Participation

Partner of the Year!

PROGRAM ACHIEVEMENTS

Financial Beginnings is pleased to recognize Chase Bank as 2012-2013 Partner of the Year! In the past year, 25 Chase Bank employees dedicated over 60 hours of time to teach personal finance education to youth in Oregon.

Chase Bank employees make a huge impact teaching personal finance to students at Southridge High School.

“Without Financial Beginnings I would have been oblivious as to how finances work in the real world. During Financial

Beginnings’ visits I learned how to make smart

decisions for my future.”

Elementary School Total Volunteer Hours

Partnering Schools

Partnering Community Based Organizations

Number of Newly-Trained Volunteers

Middle School

Young Adult

Total Low-Income Youth

Total of All Youth Participants

High School

Number of Youth Educated

Parti

cipan

t Gro

up

1,511

651

9,968

13,267

1,137

5,087

– Student Participant


INCOME 2012-2013

EXPENSES 2012-2013

June 30, 2013June 30, 2012ASSETS Current Assets Checking/Saving $46,240 Accounts Receivable $49,367 Other Current Assets $2,869Total Current Assets $98,476TOTAL ASSETS $98,476

LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable $2,131 Other Current Liabilities $5,614 Total Current Liabilities $7,745 Equity Retained Earnings $61,570 Net Income 12 mos. Ending June 30, 2013 $29,161 Total Equity $90,731TOTAL LIABILITIES & EQUITY $98,476

ASSETS Current Assets Checking/Saving $48,790 Accounts Receivable $17,188 Other Current Assets $1,643Total Current Assets $67,620TOTAL ASSETS $67,620

LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable $2,106 Other Current Liabilities $3,944 Total Current Liabilities $6,050 Equity Retained Earnings $30,663 Net Income 12 mos. Ending June 30, 2012 $30,907 Total Equity $61,570TOTAL LIABILITIES & EQUITY $67,620

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CONSOLIDATED STATEMENT OF FINANCIAL POSITION

TOTAL INCOME: $310,007

TOTAL EXPENSES (Including in-kind): $280,846

Contributions $177,409

Grants $71,900

Administrative$67,341

Outreach$56,211

Programs$156,003

In-kind $45,883

Events $14,815

57% 23%

24% 20% 56%

15%5%


FUNDRAISING EVENT: THE GAME OF LIFE

Photographs provided by LeeAnn Gauthier of Gauthier Events Photography

Who knew raising money could be so much fun? Guests once again gathered to support Financial Beginnings by playing games and winning great prizes at this year’s Game of Life fundraising event. New game booths this year included Plinko, Inflation Nation, and the Shake, Rattle and Roll dice game, along with some of our standby favorites like Net Proceeds and Wheel of Fortune. We were pleased to welcome many new supporters and sponsors to this year’s event. Together we raised much-needed funds to support financial education.

A Special Thank You to: • Chase Bank for providing nearly two dozen enthusiastic volunteers who helped operate game booths and welcome guests. • Nick Allard from KGW News Channel 8 for again serving as event emcee. Nick’s fun and engaging personality are the perfect complement to the annual festivities!

Columnist Brent Hunsberger from The Oregonian served as this year’s special guest. He spoke about the Oregonian’s partnership with Financial Beginnings to provide the Unraveling the Mysteries of Your Money series of public forums.

Platinum SponsorsAlten Sakai & Company Bank of AmericaCricket Debt Counseling Deschutes Investment Consulting LLCOregon College Savings Plan Point West (New Sponsor!)Umpqua Bank

Thank You Game of Life Sponsors Gold SponsorsCountry Financial (New Sponsor!)HomeStreet BankOnPoint Community Credit Union

Silver SponsorsBank of the West Claire EnloeNorthwest Credit Union Association Oregon Society of CPAs (New Sponsor!) RBC Wealth Management


Financial Beginnings would like to recognize the following corporations and foundations for their philanthropy and support:

Financial Beginnings extends a warm thank you to members of its Piggy Bank of Pals. Piggy Bank Pals are individuals who have contributed $100 or more in the past year. Financial Beginnings appreciates the generosity of its Pals!

Alten Sakai & Company Bank of AmericaBank of the West Best Buy Children’s FoundationC & T Landscape Maintenance Country Financial Credit Association of the Pacific Northwest Cricket Debt Counseling Deschutes Investment ConsultingFuture Business Leaders of America Fairbridge FoundationGoodSearch HomeStreet Bank Impact Image Promotions

Brian AnnandCharles H. BellDavid BellMelody M BellJohn BogdanskiAnnie BookWalter & Mary BushP.O. CormierSean EdwardsClaire EnoleSusan & Mark EnoleJudith V. GordonJohn GruherLaura HasimotoJim HuntSarah JandaKaren KaneAnnette Kendall

Innovative Changes H.W. & D.C. H. Irwin Foundation Jackson Foundation Juan Young Trust Kelley Nonprofit Consulting Meyer Memorial Trust Miller Nash LLP Moss Adams LLPNorthwest Credit Union Association OnPoint Community Credit Union Oregon Community Foundation Oregon College Savings PlanOregon Society of CPAsPoint West Credit Union

David LambertDouglas F LilleyChristina MarquardtLauren McCammonSusan McFaddenRichard MetsgerClifton MoltoreKristin MonahanKevin MorriceJon NaviauxTiffani PensonJohn ReesEdward SagerKaren SheaVictoria TraboshJoel WeilerPartick WolfeKaty Young

RBC Wealth Management State Farm Mutual Automobile Insurance Company Sterling Savings Stimson Miller Foundation Subway The Herbert A. Templeton Foundation The StandardUmpqua Bank Unitus Community Credit UnionUrban NW HomesU.S. Bancorp FoundationWells Fargo Bank

OUR SUPPORTERS: FOUNDATION, CORPORATE AND INDIVIDUAL DONORS

Foundation & Corporate Support

Piggy Bank of Pals

“I am proud to be a supporter of Financial Beginnings. Your programs for youth are forward-thinking and proactive. Money management is something we all need to know but the outlets for receiving this information are scarce. Thanks for the much-needed resources you offer.”

–Educator and School Partner

A special thank you to Cricket Debt Counseling for

their continued support.


Adrian Castro Amanda Carroll Amanda Duncan Amber Kelly Amy Moran Amy Nelson Annette Merrill Araceli Ortiz Becky Brown Benjamin Zaldana Brad Lunt Brandon Fleck Brett Trosclair Brian Fassett Brian Paxton Bryan Betita Bryan Smith Carroll Dizney Casie Dunning Charles Dice Charles Verdugo Cheryl Gaulke Chris Butler Chris Magana

Christel Turkiewicz Christine Moran Dan Hays Dan King Daniel Dunham Danika Stochosky Darrin Donithorne Dave Guile Dave Straube David Bell David Lambert Debbie Arce Derek Louw Diane Bradley Earl Pierce Edward Sager Elaine Erickson Elena Skarica Eric Barber Erin Moore Graham Clancy Grahm Porozni Greg Riedel Jacque Barber

Thank you to the following individuals who have generously dedicated their time, expertise and enthusiasm to teach Financial Beginnings’ programs to youth. Volunteers educate and empower youth to play an active role in their financial future.

“Engaging a group of teenagers is not an easy task. I appreciate your volunteers and believe

in your mission (empowering young people as financially literate citizens). This is my 7th year teaching and it has been my observation

that how information is presented is most critical. Having an engaging presenter who

facilitates involvement of the learners is essential. Gaining this ability requires

experience and reflection.”– High School Teacher

and Partnering Educator

A SPECIAL THANK YOU: VOLUNTEERS

Volunteer of the YearFinancial Beginnings is proud to recognize Leah Miller as its 2012-2013 Volunteer of the Year! Leah Miller dedicated an outstanding 66 hours of her own time to teach personal finance to Oregon’s youth. Ms. Miller also served on Financial Beginnings’ Program Committee, a panel of experts who revise and update curricula and other teaching materials, and ensure the success of Financial Beginnings’ youth programs.

“I have been a banker in this community for going on 14 years and understand the importance of educating as many people as possible about financial responsibility.”

Leah MillerRetail Banking Specialist, Beal Bank

James Sylvia Janet Penfield Janine Manguino Jared Goff Jason Leaeno Jason McGill Jason Russell Jeff Melnick Jeremy Cowan Jessica Roggenkamp Jessica Young Jim Hunt Joanne Kahn John Dakin John Gruher John Rees John Zylstra Jose Torres Joseph Alfonso Julia Brown Julia Hill Justin Dernison Kiernan Brennan Kirk Douglas

Kristie Stockman Kurt Strobel Laura Hashimoto Leah Miller Lisa Westerman Marcus Lathan Marian Griffiths Mark Church Mark Nyman Mathew Raczko Matt Hernandez Melissa Fernandes Melissa Hoerner Meng Chen Michael Cunningham Michael Sherman Mike Thomas Nick Hodson Nik Stice Noah Rattner Patrick Connell Peter Mello Phil Allen Randy Fernando Raul Valdivia Rhonda Baggarley Rhonda Karas Robert Cook Robert Neubauer Roger Hodge Russ Elliott

Sarah Kingsborough Sarah Stubee Scott Hartley Scott Ringwald Scott Thompson Shanna Cook Shawn Moddes Steve Qually Steven Estes Steven Thacker Susan D‘Alessandro Tai Weber Ted Thoren Tim Cundari Todd Lue Trevor Foster Trish Anderson Ulla Raeth Valerie Amburn Wayne Forsgren Wendy Graunitz Yana Lyubchenko Zack Lueck


Financial Beginnings’ staff and Board are looking forward to an exciting and productive year ahead!

New Office Location We are starting the year off in brand new offices! We recently moved from our downtown building to new office space at 9600 SW Capitol Hwy Suite 150 Portland, OR 97219. Our new office provides additional space for our growing operations. Financial Beginnings would like to thank the Fairbridge Foundation, Bank of the West, and Lachenmeier, Enloe, Rall & Heinson, for their support in making this transition a success.

Reading is an Investment We are excited to partner with the Oregon State Treasury and their Reading is an Investment program, which combines literacy and financial education for public elementary school child-ren. Through this partnership Financial Beginnings will include the Reading is an Investment reading list as part of its new Financial Footings program, and Reading is an Investment will include Financial Beginnings’ Financial Footings curriculum and student manual in their program packets.

Washington Expansion Financial Beginnings is making its way north! We have always provided program-ming to schools and groups in Southwest Washington but this year we will be working to establish our pro-grams in the metro Seattle and Puget Sound areas. We are working with potential foundation and corporate funders to hire a Program Manager and begin volunteer recruitment and training.

LOOKING FORWARD: HIGHLIGHTS FOR 2013-2014

Hispanic Programming Generous funding from the Credit Association of the Pacific Northwest will enable us to complete and launch our Hispanic programming. This includes an updated and translated version of our Financial Foundations curriculum.

Designed by: Jung Ie Han www.jungiehan.com

www.FinancialBeginnings.orgPHONE: 800.406.1876

E-MAIL: [email protected]: Financial Beginnings

9600 SW Capitol Hwy, Suite 150 Portland, Oregon 97219

BOARD OF DIRECTORS

Jim HuntPresidentSenior Vice President/Chief Financial Officer, OnPoint Community Credit Union

Clifton MolatoreSecretaryPartner, Miller Nash LLP

Sean EdwardsTreasurer Division Credit Manager, National Banking DivisionBank of the West

Senator, Rick MetsgerFormer State Senator, D-Mt.HoodDistrict 26

Michael Parker

Executive Director, Oregon College Savings Network

Tiffani PensonContract Minority Evaluator ProgramOffice of Mayor Sam Adams, City of Portland

Karen Shea

Assistant Principal, Glencoe High School

Patrick WolfeDirector of Finance, Cricket Debt Counseling

Robert CookSenior Vice President, Market Manager Oregon/Inland NW, Commercial Banking, Bank of America

12/13 annual report - financial beginnings · rapid anticipation loans, payday loans, bill pay,...

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