Financial Empowerment Center (FEC) Nonprofit Service Provider(s)

The City of Sacramento's City Manager's Office is seeking proposals from qualified 501(c)(3) community-based organizations to operate and co-manage its Financial Empowerment Center (FEC) initiative. This program offers free, personalized financial counseling and coaching to residents aged 18 and older, aiming to improve financial literacy and stability within the community. The city plans to select one or more finalists based on competitive pricing and quality of service, with the possibility of awarding multiple contracts to meet its needs. The total budget allocated for this project is approximately $450,000, which covers the costs of four financial coaches, a manager, and related administrative expenses, representing 90 percent of the estimated $500,000 total cost. The selected organization must contribute the remaining 10 percent ($50,000) in matching funds. Applicants are required to submit proposals by April 10, 2025, and shortlisted candidates will be invited for a presentation and interview at their place of business. The contract size is expected to range between $450,000 and $500,000, and the solicitation emphasizes the importance of competitive pricing and high-quality service delivery. The primary point of contact for this solicitation is Amy Williamson, whose email is provided for inquiries. The initiative aligns with the city’s broader efforts to enhance financial literacy and economic empowerment among its residents through dedicated nonprofit partnerships.