2023-09-19T10:28:47-05:00 2022-12-31 362658780 PKF MUELLER LLP 1707 N RANDALL ROAD ELGIN IL 60123 990 2022-01-01 203006098 FINANCIAL HEALTH NETWORK INC FINA 3128815856 30 N LASALLE ST 2040 CHICAGO IL 60602 KELLY EMERY COO 3128815856 2023-09-08 1 KELLY EMERY 999009999 0 ELEANOR A LIVINGSTON CPA MST P00226461 8478888600 2023-09-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X FINANCIAL HEALTH NETWORK KELLY EMERY 30 N LASALLE ST 2040 CHICAGO IL 60602 19471127 0 X FINHEALTHNETWORK.ORG X 2005 IL THE FINANCIAL HEALTH NETWORK MISSION IS TO IMPROVE FINANCIAL HEALTH FOR ALL. 10 9 87 16 0 0 13487153 9297225 4529762 6205846 586324 3717583 0 0 18603239 19220654 701429 472572 0 0 11280758 9816625 0 0 673856 6412281 7428632 18394468 17717829 208771 1502825 19686455 18968499 5636277 3116849 14050178 15851650 X THE FINANCIAL HEALTH NETWORK IS A TRUSTED RESOURCE FOR BUSINESS LEADERS, POLICYMAKERS, AND INNOVATORS UNITED IN A MISSION TO IMPROVE THE FINANCIAL HEALTH OF THEIR CUSTOMERS, EMPLOYEES, AND COMMUNITIES. WE ENVISION A FUTURE WHERE ALL PEOPLE, ESPECIALLY THE MOST VULNERABLE, HAVE THE FINANCIAL SYSTEMS THEY NEED TO BE RESILIENT AND THRIVE. OUR MISSION IS TO IMPROVE FINANCIAL HEALTH FOR ALL. 0 0 14627162 472572 6205846 FINANCIAL HEALTH NETWORK LEADS A NETWORK OF COMPANIES WHICH FOSTERS AND ACCELERATES CONSUMER-FOCUSED INNOVATION. THROUGH ITS COMPASS PRINCIPLES AND A LINEUP OF PROPRIETARY RESEARCH, INSIGHTS AND EVENTS, FINANCIAL HEALTH NETWORK INFORMS, ADVISES AND CONNECTS MEMBERS OF ITS NETWORK TO SEED THE INNOVATION THAT WILL TRANSFORM THE FINANCIAL SERVICES LANDSCAPE AND IMPROVE THE LIVES OF LOW AND MODERATE-INCOME AMERICANS. 14627162 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 76 0 1 87 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X KELLY EMERY 3129951535 30 N LASALLE ST 2040 CHICAGO IL 60602 X JENNIFER TESCHER PRESIDENT/SECRETARY 40.00 X X 511167 0 19275 MARK ERNST CHAIR 3.00 X X 0 0 0 GINA HARMAN DIRECTOR 1.00 X 0 0 0 RODERICK KING MD MPH DIRECTOR 1.00 X 0 0 0 LEONARD J LAUFER TREASURER 1.00 X X 0 0 0 BEN MANGAN DIRECTOR 1.00 X 0 0 0 JUDITH SAMUELSON DIRECTOR 1.00 X 0 0 0 BEI LING DIRECTOR 1.00 X 0 0 0 TAMARAH DUPERVAL-BROWNLEE DIRECTOR 1.00 X 0 0 0 ELLEN SEIDMAN EMERITA 1.00 X 0 0 0 KELLY EMERY COO 40.00 X 280800 0 5380 ADEEB MAHMUD CHIEF PROGRAM OFFICER 40.00 X 219583 0 12972 MATTHEW BAHL VP OF WORKPLACE SOLUTIONS 40.00 X 224640 0 19195 SARAH GORDON CHIEF MARKET AND BUSINESS DEV 36.00 X 217684 0 19170 ANDY BANDYOPADHYAY HEAD OF PRODUCT 40.00 X 200200 0 14541 LAURA BARGER CHIEF MARKETING OFFICER THRU 9/22 40.00 X 198611 0 12084 1852685 0 102617 33 0 1 0 STATEMENT COMMUNICATIONS 420 WISCONSIN AVENUE OAK PARK IL 60302 COMMUNICATIONS & DESIGN 895059 NATIONAL OPINION RESEARCH CENTER 55 E MONROE ST SUITE 2000 CHICAGO IL 60603 PROGRAMMATIC RESEARCH 547000 HEYO CONSULTING INC 4712 17TH ST SAN FRANCISCO CA 94117 MARKETING ADVISORY 266125 ARTEMIS STRATEGY GROUP LLC 1140 CONNECTICUT AVE NW WASHINGTON DC 20036 PROGRAMMATIC RESEARCH 184500 MARISSA LOWMAN 10002 RESMAR COURT LA MESA CA 91941 PROGRAMMATIC SUPPORT 178892 11 9297225 9297225 NETWORK REVENUES 541900 2549713 2549713 CONSULTING FEES 541900 2268161 2268161 EVENT REVENUES 541900 934736 934736 OTHER 541900 453236 453236 6205846 33691 33691 3934365 250473 3683892 3683892 3683892 19220654 6205846 0 3717583 X 472572 472572 808622 643891 110983 53748 7457033 5937898 1023477 495658 303129 241376 41604 20149 557987 444314 76584 37089 689854 549318 94682 45854 127473 120838 5857 778 36909 34988 1696 225 2729468 2579693 132208 17567 1505803 1274140 230491 1172 44386 29209 15177 682524 430952 251564 8 505775 294107 211668 303167 265463 36673 1031 8995 8995 226762 144364 82398 59562 37102 22460 MISSION RELATED INVESTM 530306 530306 PROGRAM EVENTS 462727 426019 36160 548 SKILL BUILDING AND TRAI 91535 57539 33967 29 BAD DEBT EXPENSE 55739 55739 57501 48339 9162 17717829 14627162 2416811 673856 7277133 6616036 1936079 1979581 2682763 1410679 325102 495520 889381 764381 255935 746656 1405417 1125130 507049 280287 4741844 4784712 0 624206 1071169 1266441 19686455 18968499 1483045 820923 4153232 1565228 0 730698 5636277 3116849 X 9419467 13743340 4630711 2108310 14050178 15851650 19686455 18968499 1502825 298647 0 X 0 1 X 1 0 X 6708017 9701745 16015437 13487153 9297225 55209577 6708017 9701745 16015437 13487153 9297225 55209577 30362748 24846829 197354 233542 86571 4271 33691 555429 55765006 26550330 0.44560 0.79180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76062 70259 5803 1329355 1054871 274484 280287 CORE INNOVATION CAPITAL 752819 C FSL 4031893 C 4784712 SECURITY DEPOSIT 26232 OTHER 1240209 1266441 OPERATING LEASES 730698 730698 X 19519301 298647 298647 19220654 0 19220654 17717829 0 17717829 0 17717829 PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED TAX EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE (IRS) UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND ACCORDINGLY IS EXEMPT FROM INCOME TAXES ON RELATED BUSINESS INCOME. CONTRIBUTIONS TO THE ORGANIZATION ARE DEDUCTIBLE FOR INCOME TAX PURPOSES UNDER SECTION 170(B)(1)(A)(VI). THE ORGANIZATION'S ANNUAL INFORMATIONAL TAX RETURNS FILED WITH THE FEDERAL AND STATE GOVERNMENTS ARE SUBJECT TO EXAMINATION FOR THE STATUTORY PERIOD. THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2022. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FUND IS ORGANIZED AS A LIMITED PARTNERSHIP BETWEEN THE ORGANIZATION AS THE GENERAL PARTNER AND A LIMITED PARTNER WHO IS A STRATEGIC INVESTOR WITH A STRONG INTEREST IN PROMOTING FINANCIAL SERVICES FOR U.S. EMERGING MARKETS. FOR TAX PURPOSES, THE FUND HAS ELECTED TO BE TREATED AS A LIMITED PARTNERSHIP AND FILES A SEPARATE TAX RETURN REPORTING ITS OPERATING RESULTS ACCORDING TO ITS PARTNERSHIP AGREEMENT. ANY DISTRIBUTIVE INCOME ATTRIBUTABLE TO THE ORGANIZATION IS NOT CONSIDERED SUBJECT TO UNRELATED BUSINESS INCOME TAX AS THE PARTNERSHIP'S PURPOSE FURTHERS ITS TAX-EXEMPT PURPOSE. FINANCIAL HEALTH NETWORK HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. FINANCIAL HEALTH NETWORK HAS NOT BEEN EXAMINED BY ANY TAX JURISDICTION. BASED ON THE EVALUATION OF FINANCIAL HEALTH NETWORK'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF AN UNCERTAIN TAX POSITION HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2022. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION INCOME TAX RETURNS FOR 2019, 2020, AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS. 1 FINEQUITY INC 41 SCHERMERHORN STREET BROOKLYN NY 11201 844391836 501(C)(3) 100000 0 2022 FSL ACCELERATOR COHORT PIE FOR PROVIDERS LTD 4813 NORTH SEELY AVENUE CHICAGO IL 60625 852587281 501(C)(3) 100000 0 2022 FSL ACCELERATOR COHORT THE FLAGSTONE INITIATIVE INC 2201 BROADWAY OAKLAND CA 94612 881233886 501(C)(3) 90000 0 FSL INNOVATOR GRANT LOCAL INITIATIVES SUPPORT CORPORATION 28 LIBERTY STREET NEW YORK NY 10005 133030229 501(C)(3) 90000 0 FSL INNOVATOR GRANT NEBRASKA EARLY CHILDHOOD COLLABORATIVE 3200 N 30TH ST STE 200 OMAHA NE 681113120 465532642 501(C)(3) 90000 0 FSL INNOVATOR GRANT 5 PART I, LINE 2: GRANTEES ARE REQUIRED TO SUBMIT QUARTERLY REPORTS DETAILING THEIR PROGRESS AGAINST GRANT REQUIREMENTS AND USE OF GRANT FUNDS. FINANCIAL HEALTH NETWORK STAFF ALSO CONDUCT MONTHLY OR BI-MONTHLY CALLS WITH EACH GRANTEE TO OBTAIN AN UPDATE ON THEIR RECENT ACTIVITY RELATED TO THE GRANT. X X X X 0 1 0 0 0 0 0 0 0 JENNIFER TESCHER PRESIDENT/SECRETARY 357000 0 15000 0 139167 0 4000 0 15275 0 530442 0 0 0 KELLY EMERY COO 267800 0 13000 0 0 0 4000 0 1380 0 286180 0 0 0 MATTHEW BAHL VP OF WORKPLACE SOLUTIONS 214240 0 10400 0 0 0 4000 0 15195 0 243835 0 0 0 SARAH GORDON CHIEF MARKET AND BUSINESS DEV 207606 0 10078 0 0 0 4000 0 15170 0 236854 0 0 0 ADEEB MAHMUD CHIEF PROGRAM OFFICER 219583 0 0 0 0 0 4000 0 8972 0 232555 0 0 0 ANDY BANDYOPADHYAY HEAD OF PRODUCT 191100 0 9100 0 0 0 4000 0 10541 0 214741 0 0 0 LAURA BARGER CHIEF MARKETING OFFICER THRU 9/22 186573 0 12038 0 0 0 4000 0 8084 0 210695 0 0 0 PART I, LINE 4B JENNIFER TESCHER - $59,689 WAS ACCRUED IN 2022. $139,167 WAS PAID OUT BY THE PLAN AND INCLUDED IN HER W-2. THE 2022 PAYMENT INCLUDES TWO YEARS OF DEFERRED COMPENSATION CAUSED BY COVID-INDUCED DELAYS IN DISTRIBUTIONS FROM THE EXECUTIVE'S DEFERRED COMPENSATION FUND. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE VP FINANCE & COO, THEN BY THE FINANCE/AUDIT COMMITTEE. PRIOR TO FILING, THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST POLICY AND REPORT ANY KNOWN CONFLICTS OF INTEREST ANNUALLY. THEY ARE ENCOURAGED TO REPORT CONFLICTS AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE PRESIDENT'S AND KEY OFFICERS' COMPENSATION, WHICH IS DETERMINED BY THE INDEPENDENT COMPENSATION COMMITTEE USING RECOMMENDATIONS FROM AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEYS. THE PRESIDENT REVIEWS AND APPROVES THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. 990 PART VII SECTION A JENNIFER TESCHER'S COMPENSATION FOR 2022 INCLUDES TWO YEARS OF DEFERRED COMPENSATION CAUSED BY COVID-INDUCED DELAYS IN DISTRIBUTIONS FROM THE EXECUTIVE'S DEFERRED COMPENSATION FUND. FORM 990, PART IX, LINE 11G PROGRAMMATIC RESEARCH: PROGRAM SERVICE EXPENSES 1,074,020. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,074,020. RECRUITING: PROGRAM SERVICE EXPENSES 8,431. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,431. OTHER: PROGRAM SERVICE EXPENSES 310,519. MANAGEMENT AND GENERAL EXPENSES 132,208. FUNDRAISING EXPENSES 17,567. TOTAL EXPENSES 460,294. CONSULTING: PROGRAM SERVICE EXPENSES 1,186,723. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,186,723. CFSI CATALYST GP LLC 135 S LASALLE ST SUITE 2125 CHICAGO IL 60603 260509531 COMMUNITY DEVELOPMENT INVESTMENTS IL FINANCIAL HEALTH NETWORK INC THE CFSI CATALYST FUND LP 30 N LASALLE ST STE 2040 CHICAGO IL 60602 260509703 FINANCIAL PRODUCTS IL INVESTMENTS 1 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0