Annual Information Statement 2016

Legal Name
Financial Basics Foundation
ABN
90114612270

Section A: Charity Information

Charity size
Medium
Basic Religious Charity
No

Section B: Activities

Did the charity operate in the 2016 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 the basics of effective financial management. The Foundation provides Australian secondary schools with free, quality education resources and programs that foster sound financial attitudes and behaviours.
Will the charity change or introduce any activities in the 2017 period?
No
Where the charity conducted activities during the 2016 reporting period
  • Australian Capital Territory
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia
Who was helped most by the charity's activities in the reporting period
Youth - aged 15 to under 25

Section C: Human Resources

Human resources
  • Part time employees: 4
  • Estimated number of volunteers: 4

Section D: Finance

Type of financial statement
Special purpose financial statements
Financial report consolidated with more than one entity?
No
Charity's 2016 reporting period
1 July 2015 to 30 June 2016
Financial report submitted to a state/territory regulator?
No
2016 Financial report
Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$0.00
Revenue from government including grants
$0.00
All other revenue
$367,460.00
Total revenue
$367,460.00
Other income (for example, gains)
$0.00
Total gross income
$367,460.00
Expenses
Employee expenses
$238,020.00
Grants and donations made for use in Australia
$0.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$183,914.00
Total expenses
$421,934.00
Net surplus/(deficit)
$-54,474.00
Other comprehensive income
$0.00
Total comprehensive income
$-54,474.00

Balance Sheet extract

Assets
Total current assets
$482,439.00
Total non-current assets
$3,500.00
Total assets
$485,939.00
Liabilities
Total current liabilities
$200,086.00
Total non-current liabilities
$0.00
Total liabilities
$200,086.00
Net assets/liabilities
$285,853.00