Massachusetts · Nonprofit
Economic Empowerment Trust Fund
Economic Empowerment Trust Fund (Massachusetts) receives grants from 4 organizations whose IRS filings report $444,702 to it, the largest being HILDRETH STEWART CHARITABLE FOUNDATION ($309,702). 1 of them have funded it in more than one year.
- Revenue FY2025
- $532k
- Funders on record
- 4
- Grants received
- $445k
- Net assets
- $915k
What Economic Empowerment Trust Fund does
Mission
Charitable, Literary & Educational
As stated on its FY2025 Form 990.
Programs
The BabySteps Savings Plan consists of two (2)programs. - Babysteps and SNAP into BabySteps. BabySteps is a seeded college savings program that has grown statewide from the SeedMA pilot program. During FY25,approximately 11,500 newly opened U.Fund 529 accounts were funded with the $50 seed deposit funded by EETF. SNAP into BabySteps is a pilot program in which every Massachusetts child enrolled in both BabySteps Savings Plan and SNAP benefits program is eligible to receive an addtional monthly deposit of $10 to their MEFA U.Fund 529 account over the span of one year. The program began in September of 2024 and has funded approximately $62,000 in FY2025. The program is run in partnership with Mass Dept of Transitional Assistance.
$641,430 spent$200,000 earned by the program93% of program spendingWorth & Wealth W&W is a free multisession workshop program that provides financial education and financial wellness learning opportunities related to money management, retirement, and investment strategies.To further support participants in their financial journey, the W&W program offers access to free financial coaching with an accredited coach. The webinars and coaching sessions were available in available in English and Spanish. In FY24, $40,000.00 was received from Citizens Bank for workshops and coaching which ran from October 2024 through April 2025.
$30,095 spent$40,000 earned by the program4% of program spendingThe Financial Wellness Program for State Employees and Retirees Financial Wellness FinWell was a program that provided free financial education for Massachusetts state employees and retirees. Funding was received in FY21 from the Wells Fargo Foundation through the National Association of State Treasurers NAST. This program ended in December 2024.
$1,248 spent0% of program spendingExpenses: $15800.00 including grants of: $0.00 Revenue: $9948.00 Refer to Schedule O The Community Ambassadors Program is an initiative of the Office of Economic Empowerment OEE, aimed at increasing the number of Massachusetts residents who possess a strong understanding of Financial foundations. OEE achieves this by creating a network of community spokespeople tasked with delivering financial education within their communities. The Community Ambassadors Program was funded by the Economic Empowerment Trust Fund EETF for Its first two cohorts through December 2024. Grants $0 Expenses $15,800 Revenue $9,948
$15,800 spent$9,948 earned by the program2% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $688,573.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $222k to $1.1M (+380%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2023 55%. Grants only. Government contracts and fees sit inside program revenue.
100% of Economic Empowerment Trust Fund’s revenue is contributions — more donation-reliant than the typical peer (91% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Alayna Van Tassel
Executive Director
Board chair
Deborah B Goldberg
Chair of EEFT
As listed on its FY2025 Form 990.
Who funds it, year by year
2018 → 2021: the base broadened from 1 funder to 2 funders, grant income rose $600 → $100k.
1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 2% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Economic Empowerment Trust Fund’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Economic Empowerment Trust Fund leans on a few funders — its largest provides 70% of grant income and the top three 98%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2018 100% · 2019 78% · 2020 97% · 2021 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
77% of Economic Empowerment Trust Fund's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Economic Empowerment Trust Fund holds deeper cash reserves than three-quarters of the 13,062 human services nonprofits its size.
this organization peer median middle 50% of peers· 13,062 human services nonprofits $100k–$1M, FY2025
Organizations like Economic Empowerment Trust Fund
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
99% of spending goes to programs.
Governance
Public support
89%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 1 related entity
- Commonwealth of Massachusetts · exempt
Screen this organization
A dated, signed PDF of the compliance screen for Economic Empowerment Trust Fund: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Economic Empowerment Trust Fund?
- Economic Empowerment Trust Fund (Massachusetts) receives grants from 4 organizations whose IRS filings report $444,702 to it, the largest being HILDRETH STEWART CHARITABLE FOUNDATION ($309,702). 1 of them have funded it in more than one year.
- How many funders does Economic Empowerment Trust Fund have?
- IRS filings report 4 organizations giving $444,702 in grants to Economic Empowerment Trust Fund, 1 of which have funded it in more than one year.
- Who is the largest funder of Economic Empowerment Trust Fund?
- HILDRETH STEWART CHARITABLE FOUNDATION is the largest funder on record, with $309,702 in grants. The full list of funders is on this page.
- How can an organization like Economic Empowerment Trust Fund find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing