irs program accomplishments · form 990 part iii · fy2023
What they reported doing
- #1 primary $41KWe served over 105 currently incarcerated community members across more than 20 NY State prisons with our post-mail-based financial education correspondence course. This 8-part course covers strategies on navigating credit and debt barriers upon returning home from prison.
named programs · 1 · from sources
What they call their work
Post-Mail Financial Education Course
Eight-part correspondence course on credit and debt management for currently incarcerated individuals, delivered across more than 20 New York State prisons
activities · 5 groups
What they do
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Financial Coaching and Credit Counseling 5 activities
- Offer free credit education and monitoringProvides free access to credit score and report monitoring, along with educational resources to help individuals understand and improve their credit.
- Offer no-cost financial services to build financial historiesProvides no-cost financial services enabling justice-impacted individuals to establish financial histories and address financial exclusion.
- Operate mobile-first rewards platform for financial empowermentRuns a mobile-first platform that supports credit building, debt repayment, and savings growth, with integrated access to on-demand financial coaching and emergency micro-grants.
- Provide one-on-one financial coachingOffers free, individualized financial coaching sessions covering credit, debt, fines, fees, restitution, banking, budgeting, investing, homeownership, retirement savings, and reentry financial planning.
- Provide tailored credit-building servicesMatches individuals with credit-building services customized to their personal financial needs and goals.
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Financial Literacy Education Programs 4 activities
- Conduct virtual live financial education workshopsHosts live, virtual financial education workshops tailored for organizations serving returning citizens and formerly incarcerated individuals.
- Deliver financial education correspondence course to incarcerated individualsProvides a post-mail-based financial education curriculum to over 105 incarcerated individuals across more than 20 New York State prisons.
- Deliver self-paced online financial education courseOffers an 8-module, self-paced online course focused on credit and debt management for individuals rebuilding financial stability after incarceration.
- Support partner organizations with financial education curriculum materialsProvides facilitator and participant guides for a financial education curriculum, enabling partner organizations to conduct in-person or virtual workshops on topics including credit, debt, banking, and savings.
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Reentry Support Services 2 activities
- Match individuals to no-fee or low-fee banking optionsConnects justice-impacted individuals to no-fee or low-fee bank accounts to promote access to mainstream financial systems.
- Provide comprehensive financial services access to justice-impacted individualsOffers access to affordable housing, transportation, utilities, cell phone services, and financial services—including no-fee banking and no-interest credit building—for justice-impacted individuals and their families.
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Visitor & Business Guide Distribution 1 activity
- Distribute promotional materials for partner useProvides printed flyers upon request to help partner organizations promote finEQUITY’s services.
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Program Monitoring & Evaluation 1 activity
- Require post-session documentation from financial coachesMandates that financial coaches submit a written summary after every coaching session, regardless of participant attendance, to ensure accountability and service tracking.
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financials · form 990 · fy2024
revenue
Total revenue$101K
Contributions & grants$297K294%
Program service revenue$2500%
Investment income$20K20%
Other revenue$-216K
expenses
Total expenses$385K
Program expenses40%
Admin / overhead40%
Fundraising20%
Salaries & benefits$297K
Grants paid out$2K
Largest expense lineCompensation
balance sheet
Total assets$753K
Cash$608K
Investments$0
Liabilities$2K
Net assets$751K
Liquid reserves18.9 mo
2 years on record · 2023–2024 · YoY revenue -82.2%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| Briane Cornish | Executive Director | 40 | $116K |
board members · 2
- Joe Robinson — Co Vice Chair
- Mitch Costom — Treasurer
relationships · 5
Who they work with
- Match Partner — Partnered to provide access to no-fee or low-fee bank accounts.
- NY State prisons Partner — Partner sites where the financial education correspondence course is delivered to incarcerated individuals.
- Prison 2 Prosperity Partner — Reward program partnership focused on supporting justice-impacted employees with financial tools and services.
- finEQUITY Partner — Individuals are instructed to enter "finEQUITY" as the "Partnership Organization" when booking a free financial coaching session, indicating a self-partnership or internal program designation.
- finEQUITY Partner — Organization offering financial health services and tools for justice-impacted individuals and their families.
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Individualized Financial Coachingmethodology: one-on-one financial coachingBy offering one-on-one financial coaching with follow-up documentation, the organization addresses complex financial challenges during reentry because personalized, continuous support improves financial decision-making and accountability.
- Mobile-First Financial Incentive Modelmethodology: mobile-first financial incentivesBy combining credit-building, debt repayment, and savings with on-demand coaching and emergency micro-grants through a mobile-first rewards platform, the organization drives positive financial behaviors because immediate, tangible incentives and accessible support increase motivation and reduce economic vulnerability.
- Prison-to-Prosperity Pipelinemethodology: prison-to-prosperity_pipelineBy addressing systemic financial barriers and providing foundational financial tools and services, the organization enables economic stability for justice-impacted individuals and their families, thereby reducing recidivism and financial exclusion because financial health is foundational to long-term reintegration.
- Progressive and Accessible Financial Educationmethodology: progressive-financial-educationBy delivering self-paced, digital, and decentralized financial education that builds progressively from foundational credit concepts to systemic challenges like credit invisibility, the organization increases engagement and understanding among justice-impacted individuals because accessible, staged learning improves retention and applicability.