Annual Information Statement 2017

Legal Name
Financial Basics Foundation
ABN
90114612270

Section A: Charity Information

Charity size
Medium
Fundraising online
No
Basic Religious Charity
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity
Other education
Main activities
Primary and secondary education
Description of charity's activities and outcomes
Financial Basics Foundation is a national financial literacy charity which aims to teach young Australians, between the ages of 12-24 years, the basics of effective financial management. The Foundation provides Australian secondary schools with free, quality resources and programs that foster sound financial attitudes and behaviours. Financial Basics Foundation pursues its mission and engages its networks through a series of programs which are designed to educate young people about financial issues; facilitate dialogue and professional development for educators, and establish opportunities for engagement between our sponsors and the communities in which they operate. Financial Basics Foundations vision is: that every young Australian is financially capable and can manage their finances now and into the future.
Main beneficiary
Youth - aged 15 to under 25
Where the charity conducted activities during the 2017 reporting period
  • Australian Capital Territory
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia
Will the charity change or introduce any activities in the 2018 period?
No

Section C: Human Resources

Human resources
  • Full time employees: 0
  • Part time employees: 5
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 0
  • Estimated number of volunteers: 5

Section D: Finance

Charity's 2017 reporting period
1 July 2016 to 30 June 2017
Type of financial statement
General purpose financial statements
Financial report consolidated with more than one entity?
No

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$0.00
Revenue from providing goods or services
$242,861.00
Revenue from government including grants
$0.00
Revenue from investments
$529.00
All other revenue
$408,138.00
Total revenue
$651,528.00
Other income (for example, gains)
$0.00
Total gross income
$651,528.00
Expenses
Employee expenses
$279,794.00
Grants and donations made for use in Australia
$0.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$209,651.00
Total expenses
$489,445.00
Net surplus/(deficit)
$162,083.00
Other comprehensive income
$0.00
Total comprehensive income
$162,083.00

Balance Sheet extract

Assets
Total current assets
$508,652.00
Total non-current assets
$0.00
Total assets
$508,652.00
Liabilities
Total current liabilities
$60,716.00
Total non-current liabilities
$0.00
Total liabilities
$60,716.00
Net assets/liabilities
$447,936.00
Financial report submitted to a state/territory regulator?
No

Section E: Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Section F: Reporting to state or territory regulators

Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
No