For every dollar invested in mpowered in 2017, $1.70 was returned to the community.
This number alone is impressive, and it represents just the beginning of the journey to financial security for the families we serve.
Letter from the Acting Executive Director
Dear mpowered Community,
2017 was a remarkable, unforgettable, and transformative year for mpowered. Most notably, we found ourselves without our Co-Founder and Executive Director of 16 years starting in June of 2017. It was hard to see Chad Gentry leave, and we were excited to see him pursue new opportunities and spend some good, quality time with his family after dedicating so much to the organization. We are eternally grateful for his contributions and, in line with our values, will Move Forward and Steady On toward mission achievement.
We will never forget 2017 as the year we saw our coaching team grow to meet the intense need in the Denver Metro community for financial security. Over 3,000 individuals and families came through our doors to engage in financial coaching, receive financial education, and take advantage of our Debt Management Program. Together these individuals reduced their debt by over $4 Million dollars, including mortgage debt. Non-mortgage debt alone was reduced by $1.7 million dollars, which means that for every dollar invested in mpowered in 2017, $1.70 was returned to the community. This number alone is impressive, and it represents just the beginning of the journey to financial security for the families we serve.
What we’re really excited about is what that debt reduction will mean in the coming years for those families. We know that when debt is reduced, so is financial stress, which is the #2 cause of stress nationwide according to the American Psychological Association. With reduced stress, we expect to see more intentional financial decision making leading to increased credit, savings, and ability to build assets in the form of home ownership. Given the Denver Metro Area’s struggle with affordable housing, we hope our 2017 results are the first rays of hope for these families. We have only just begun to see how financial coaching can transform our communities, and we are anxiously tracking, analyzing, and preparing to build on these successes in order to take the next step toward our vision of Financial Security for All. Thank you for your continued support, it is our network of partners, funders, donors, and clients that provide the necessary motivation, energy, and hope that keeps us moving!
Acting Executive Director
mpowered helped families reduce $4MM in debt across all programs
(including mortgage debt)
Financial Coaching Program
Financial Coaching is a relational process for working toward financial goals.
Through coaching, individuals become empowered to make choices and take actions that align with their values. In 2017, 9 of our 10 locations were integrated sites where we worked with partner nonprofit and government agencies to provide coaching to their clients receiving services for housing, workforce, benefit navigation, and food security.
Financial Coaching Sessions
83% < 80%
83% of clients we served were below 80% Area Median Income
Financial Education Program
Our Financial Education classes encourage participant behavior change by supporting action oriented, real life application, and draw on participant’s personal experience.
Topics include Five Financial Foundations, Budgeting and Money Management, Credit, Debt, and Talking to Kids about Money.
Percentage of participants that intend to take action based on class information.
Total participants to complete Be mpowered, a four class series on health-related advocacy and how it connects to financial health.
Debt Management Program
Our Debt Management Program provides our clients the opportunity to proactively and responsibly address their debt load with a certified coach while repaying their debts quicker and at a lower interest rate with one consolidated monthly payment.
New participants enrolled with combined debt of $600k
Participants successfully completed DMP
Average number of months to pay off debts
Total Unsecured Debt Reduced
2009 Wadsworth Blvd.
Lakewood, CO 80214
Mountain Resource Center
11030 Kitty Dr.
Conifer, CO 80433
Center for Work Education and Employment
1075 Osage St.
Denver, CO 80204
Central I-70 Neighborhood Training Center
3600 E. 46th Ave.
Denver, CO 80216
Denver Human Services, Castro Building
1200 Federal Blvd.
Denver, CO 80204
Denver Workforce Center at Montbello
4685 Peoria St.
Denver, CO 80239
Eastside Human Services Building
3815 Steele St.
Denver, CO 80205
Habitat for Humanity of Metro Denver
3245 Eliot St.
Denver, CO 80211
Mi Casa Resource Center
345 Grove St.
Denver, CO 80219
1323 Gilpin St.
Denver, CO 80218
2017 Audited Financials
Revenue & Support
Other Grants, Private Contributions, Special Events
Management and General
Change in Net Assets
Total Net Assets
2017 Funders and Supporters
Anschutz Family Foundation
Bank of the West
Bellco Credit Union
City Wide Banks
Enterprise Car Sales
Colorado Housing Financial Authority
Colorado Lending Source
Community First Foundation
Credit Union of Colorado
Denver Community Credit Union
Denver Office of Financial Empowerment
Mile High United Way
Rose Community Foundation
State of Colorado Working Together Program
The Colorado Health Foundation
The Denver Foundation
The Piton Foundation at Gary Community Investments
Wells Fargo Corporate Giving
Wisdom Wealth Strategies
Women With a Cause Foundation
2017 Board of Directors
Nancy A. Harvey, Board Chair
Senior Vice-President, ANB Bank
Christina Frantz, Vice-Chair
AVP, Talent Acquisition, Inclusion and Social Responsibility, Great-West Financial
Drew Bauer, Treasurer
Senior Audit Manager, Grant Thornton LLP
Debbe Kirkpatrick, Secretary
Vice President of Lending, Credit Union of Colorado
Christopher Brunson, Member At-Large
Residential Redeveloper, Buttoned Up Home Solutions
James Pérez Foster, Member At-Large
Principal, Bainbridge Advisors, LLC
Sean Koutsakis, Member At-Large
Senior Vice President – Market Leader, Bank of the West Wealth Management
Heidi Mingo, Member At-Large
Colorado Account Development Specialist, Breakthru Beverage Group
Ken Navarro, Member At-Large
Colorado Area Mortgage Sales Manager
Marie Peters, Member At-Large
Loan Officer, Colorado Lending Source
Angela Sasseville, Member At-Large
Owner, Flourish Counseling & Coaching