EIN 91-2172676

SaverLife (EARN)

IRS 501(c) type
501(c)(3)
Num. employees
36
Year formed
2001
Most recent tax filings
2022-12-01
Description
Earned Assets Resource Network (EARN) helps hardworking, low-income American families build futures through saving. The mission of Earned Assets Resource Network is to break the cycle of poverty by matching the savings of low-wage workers and helping them invest in assets that build wealth, creating a cycle of prosperity across generations. EARN's ultimate vision is that millions of well-informed, low-income American families will achieve financial success through proven strategies, fair public policy, and their own hard work.
Also known as...
Earn Inc; Earned Assets Resource Network
Total revenues
$6,551,972
2022
Total expenses
$6,486,663
2022
Total assets
$4,318,244
2022
Num. employees
36
2022

Program areas at EARN

Community:saverlife's financial technology platform serves more than 635,000 people across the country who are living on low-to-moderate incomes. Through our app, we provide our members with a personalized experience that includes financial content, savings rewards and incentives, trusted referrals, access to a supportive online community, and opportunities to engage in our advocacy and policy work. Saverlife works - our members deposit 15% of their income into savings, and 56% of Saverlife members improve their financial health score at 6, 12, and 18 months after joining.
Solutions:saverlife solutions leverages the underlying technology and proven savings incentives of the Saverlife platform to build the broader field of financial wellness through partnerships. We partner with employers, credit unions, and nonprofits to provide Saverlife's savings products, combined with customized savings challenges to their community members and employees. Saverlife solutions offers custom versions of our innovative saving platform, adding both genuine value and proven business incentives to the people our partners serve and employ. Through integrations of our platform, we provide a proven benefit for employees, clients, and constituents, and a leadership role for organizations looking to promote meaningful social change.
Research & advocacy:saverlife brings our members' voices and priorities into systems-level conversations to ensure current and emerging products, programs, and policies support their unique financial health journeys. Saverlife's fintech product provides unique access to real-time, household-level financial transactions, bank account data, and demographic information, giving insight into the financial lives of our members over time. And because we've built an engaged community of members across the country, we can bring their data and stories together through published research to highlight how a more thoughtful and inclusive financial system can help them achieve financial well-being.

Grants made by EARN

GranteeGrant descriptionAmount
Goodwill Industries of Kanawha ValleyTo Benefit Saverlife Impact Hub Communities.$10,000
Tennessee Food on Foot FoundationTo Benefit Saverlife Impact Hub Communities.$10,000
You in Flood CityTo Benefit Saverlife Impact Hub Communities.$10,000

Who funds SaverLife (EARN)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$412,850
Robert Wood Johnson Foundation (RWJF)80273 Supporting Saverlife in Providing Insights Into Financial Struggles Grounded in Members' Experiences To Guide Inclusive Program and Policy Solutions$217,515
Prudential FoundationSaverlife: Building Economic Mobility for Working Families Through Community, Insights and Advocacy, and Employer Partnerships$200,000
...and 15 more grants received

Personnel at EARN

NameTitleCompensation
Leigh PhillipsChief Executive Officer$216,000
Ashley SherwinChief Operating Officer$190,000
Carol KastenBoard Member$108,000
George ManningChief Technologist
Homer WongChief People Officer
...and 18 more key personnel

Financials for EARN

RevenuesFYE 12/2022
Total grants, contributions, etc.$6,254,677
Program services$284,418
Investment income and dividends$236
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,641
Total revenues$6,551,972

Form 990s for EARN

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-05990View PDF
2019-122021-04-01990View PDF
2018-122020-01-21990View PDF
...and 8 more Form 990s
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 2 new personnel
December 28, 2023
Used new vendors
Identified 1 new vendor, including
December 25, 2023
Received grants
Identified 6 new grant, including a grant for $217,515 from Robert Wood Johnson Foundation (RWJF)
August 19, 2023
Received grants
Identified 8 new grant, including a grant for $431,000 from Fidelity Foundation
Nonprofit Types
Social advocacy organizationsHuman service organizationsFamily service centersCharities
Issues
Human services
Characteristics
Political advocacyLobbyingGala fundraisersTax deductible donationsAccepts online donations
General information
Address
548 Market St PMB 46387
San Francisco, CA 94104
Metro area
San Francisco-Oakland-Berkeley, CA
County
San Francisco County, CA
Website URL
saverlife.org/ 
Facebook page
earnorg 
Twitter profile
@earn 
IRS details
EIN
91-2172676
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P50: Personal Social Services
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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