EIN 20-3006098

Financial Health Network (CFSI)

Name: Financial Health Network (CFSI) financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Funding|Financials|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Chicago

State

Illinois

Year formed

2005

Most recent tax filings

2023-12-01

NTEE code, primary

S30: Economic Development

Description

To improve the financial health of Americans, especially the underserved, by shaping a robust and innovative financial services marketplace with increased access to higher quality products and practices.

Also known as...

The Financial Innovations Center; Center for Financial Services Innovations; Center for Fini Services Innovation

Total revenues

$11,629,061

2023

Total expenses

$11,982,404

2023

Total assets

$18,727,767

2023

Num. employees

2023

Program areas at CFSI

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.

Who funds Financial Health Network (CFSI)

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Citi Foundation	2023-12	Advancing Consumer and Community Financial Health Program	$1,300,000
The Ford Foundation	2023-12	Project Support for A Market Assessment and Feasibility Study for A Disability Credit Union	$400,000
Skoll Foundation	2023-12	General Operating Support	$300,000
...and 10 more grants received

Financials for CFSI

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$4,867,681	$9,297,225	-47.6%
Program services	$5,536,681	$6,205,846	-10.8%
Investment income and dividends	$191,314	$33,691	467.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$1,033,385	$3,683,892	-71.9%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$11,629,061	$19,220,654	-39.5%

Organizations like CFSI

Organization	Type	Location	Revenue
Enterprise Minnesota	501(c)(3)	Minneapolis, MN	$5,860,262
Ben Franklin Technology PTRS of Se Pa	501(c)(3)	Philadelphia, PA	$8,775,159
Cift	501(c)(3)	Toledo, OH	$3,189,881
TechSolve	501(c)(3)	Cincinnati, OH	$4,532,168
APPRISE Incorporated	501(c)(3)	Princeton, NJ	$4,169,419
HAS Development Corporation (HASDC)	501(c)(3)	Houston, TX	$6,600,717
Nexus Louisiana	501(c)(3)	Baton Rouge, LA	$3,200,845
University City Science Center	501(c)(3)	Philadelphia, PA	$18,691,804
Civilla	501(c)(3)	Detroit, MI	$9,784,377
Mainstream Nonprofit Solutions	501(c)(3)	Emporia, KS	$11,543,942

Data update history

March 26, 2025

Updated personnel

Identified 10 new personnel

February 28, 2025

Updated personnel

Identified 1 new personnel

January 18, 2025

Received grants

Identified 6 new grant, including a grant for $400,000 from The Ford Foundation

January 8, 2025

Used new vendors

Identified 5 new vendors, including , , , , and

January 3, 2025

Posted financials

Added Form 990 for fiscal year 2023

Nonprofit Types

Business and community development organizationsResearch centersCharities

Issues

Science and technologyCommunity improvementEconomic development

Characteristics

Conducts researchLobbyingTax deductible donationsAccepts online donations

General information

Address: 30 N Lasalle St 2040; Chicago, IL 60602
Metro area: Chicago-Naperville-Elgin, IL-IN-WI
County: Cook County, IL
Website URL: finhealthnetwork.org/
Phone: (312) 881-5856
Facebook page: CFSINNOVATION
Twitter profile: @cfsinnovation

IRS details

EIN: 20-3006098
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2005
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S30: Economic Development
NAICS code, primary: 5416: Professional, Scientific, and Technical Services
Parent/child status: Independent

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Financial Health Network (CFSI)

Program areas at CFSI

Who funds Financial Health Network (CFSI)

Financials for CFSI

Organizations like CFSI

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