Foundation for Financial Planning Inc
Nonprofit profile at a glance
- EIN
- 581446336
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2028645180
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $3,395,599
- Expenses
- $2,283,914
- Assets
- $32,232,401
- Liabilities
- $705,096
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- JONATHAN DAUPHINEESQ (CEO)
Highest reported compensation
- JONATHAN DAUPHINEESQ (CEO): $555,130 total reported compensation
- KATHERINE EGAN (VP OF DEV. &): $212,417 total reported compensation
- RACHEL ROTH (SENIOR DIREC): $170,086 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to help people in need improve their financial lives by expanding access to pro bono financial planning.
What it reported doing in 2024
Foundation for financial planning (ffp) is the nation's leading charity dedicated to advancing pro bono financial planning for at-risk populations, including active military members and wounded veterans, people with cancer and other serious illness, seniors and family caregivers, low-income individuals and families, domestic violence survivors and many more. Over its 30 years, ffp has provided over 10.4 million in grants to national and community-based pro bono programs; worked with partners to activate more than 30,000 financial planners to volunteer their time and talents; reached over 776,000 people in crisis or need; and acted as a leader and catalyst to foster a rich tradition of pro bono service across the financial planning profession.
Operating model
- Revenue model
- Donor-supported. 75% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 77
- Accountability: 95
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.1%; rating input score 63
- Program expense ratio: 75.8%; rating input score 76
- Fundraising efficiency: $14.55 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.2%; rating input score 99; 38th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 32.7%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 14.11; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 46.8%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 6.9% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 5.1% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 63.1% of revenue deployed · 75.8% of spending went to programs
- Governance: 24 of 24 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $555K · 28 people listed · 2 of 6 pay-setting controls reported
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 24 filed money-flow records
- Related organizations: 20 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 50/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.