To serve the community by providing financial seminars and tools for budgeting, financial goal setting, debt management, investment basics, wealth accumulation and wealth management. To provide need & academic-based scholarships for college students. Over the past 2-3 years the organization has add more financial education initiatives in elementary & middle schools; and disd magnet high schools.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$72K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $42K a year · 24% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $935K in investments, Pt X · Ln 11–13
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $23K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$390
0.04% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 12 voting members
Concern: none of 12 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$80K
Spent
$176K
To programs
62%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$80K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$80K
FY2021$119K
FY2022$149K
FY2023$271K
FY2024$247K
Expenses
$176K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$176K
FY2021$104K
FY2022$117K
FY2023$122K
FY2024$140K
Net assets
$1.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M

From the FY2020 Form 990 (year ending November 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $109K Management & general 1% · $2K Fundraising 37% · $65K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Foundation Director
$71,770Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Pres/Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Wayne Dominick’s $62K as Executive Director is at the 59th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Michele Mulholland———$71,770
Wayne Dominick$62,000$62,792$57,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial education, scholarships, and tools for budgeting, debt, and wealth building.

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Provided by the organization

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1 program · $109K · in their own filed words · FY2019
01

The organization conducted seminars providing information and tools for budgeting, financial goal setting, debt management, investment basics, wealth accumulation and wealth management. Seminars conducted for high school students also included presenting information about careers in accounting, tax, banking, financial planning and…

$109Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$23K
Grants paid · 9 grants · $86K · 2019–2023
Unitemized GrantFY2023$22,500
Unitemized GrantFY2023$3,000
Unitemized GrantFY2022$20,000
Unitemized GrantFY2022$5,000
Unitemized GrantFY2022$3,000
Unitemized GrantFY2021$27,000
Unitemized GrantFY2021$2,500
Unitemized GrantFY2021$600
Unitemized GrantFY2019$2,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$80K
Ln 12
Other incomeLn 4–11$40K
Gifts and grantsLn 1h$40K
Investment incomeLn 3$21K
Money outPt IX
$176K
Ln 25
Programscol B$109K
Managementcol C$2K
Fundraisingcol D$65K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$1.0M
LiabilitiesLn 26$390
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Fundraising eventsLn 1c$1K
Investment incomeLn 3$21K
Other incomeLn 4–11$40K
Gains on assetsLn 7−$30K
Total revenueLn 12$80K
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$86K
InvestmentsLn 11–13$935K
Other assetsLn 15$1K
Total assetsLn 16$1.0M
LiabilitiesLn 26$390
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 53
VolunteersI 675
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$44K$86K
InvestmentsLn 11–13$1.1M$935K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$0$390
Net assetsLn 32$1.1M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$22K$22K
Pay of current officers, directors and key staffLn 5$72K$36K$36K
Other salaries and wagesLn 7$30K$15K$15K
Other employee benefitsLn 9$300$150$150
Payroll taxesLn 10$8K$4K$4K
Advertising and promotionLn 12$1K$461$857
Office expensesLn 13$597$597
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$35K$29K$5K
All other expensesLn 24e$7K$3K$118$4K
Total functional expensesLn 25$176K$109K$2K$65K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $247K$140K$107K$1.3M 990 PDF
FY2023 $271K$122K$149K$1.2M 990 PDF
FY2022 $149K$117K$32K$1.1M 990 PDF
FY2021 $119K$104K$16K$1.0M 990 PDF
FY2020 Viewing $80K$176K−$96K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $80,004 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,468$39,892
I-9 Program service revenuePrior year $1,988$0
I-10 Investment incomePrior year $55,603−$8,650
I-11 Other revenuePrior year $9,097$48,762
I-12 Total revenuePrior year $91,156$80,004
I-13 Grants and similar amounts paidPrior year $24,200$22,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $111,002$109,403
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $53,749$44,758
I-18 Total expensesPrior year $188,951$176,161
I-19 Revenue less expensesPrior year −$97,795−$96,157
Part VI · Governance 0 of 12 board members independent, 5 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $80,004 across 9 lines filed
VIII-1b Membership dues$10,100
VIII-1c Fundraising events$1,000
VIII-1f All other contributions, gifts and grants$28,792
VIII-1h Total contributions, gifts and grants$39,892
VIII-3 Investment incomeExcluded from tax $21,206$21,206
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$29,856−$29,856
VIII-8 Net income from fundraising eventsExcluded from tax $27,557$27,557
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $21,205$21,205
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $40,112$80,004
Part IX · Statement of functional expenses $176,161 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $22,000$22,000
IX-5 Pay of current officers, directors and key staffPrograms $35,885 · Fundraising $35,885$71,770
IX-7 Other salaries and wagesPrograms $14,790 · Fundraising $14,790$29,580
IX-9 Other employee benefitsPrograms $150 · Fundraising $150$300
IX-10 Payroll taxesPrograms $3,877 · Fundraising $3,876$7,753
IX-12 Advertising and promotionPrograms $461 · Fundraising $857$1,318
IX-13 Office expensesManagement $597$597
IX-23 InsuranceManagement $1,143$1,143
IX-24 Other expenses (24a–d)Programs $29,266 · Fundraising $5,237$34,503
IX-24e All other expensesPrograms $2,714 · Management $118 · Fundraising $4,365$7,197
IX-25 Total functional expensesPrograms $109,143 · Management $1,858 · Fundraising $65,160$176,161
Part X · Balance sheet $1,024,148 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $30,563$62,836
X-2 Savings and temporary cash investmentsStart of year $13,688$23,343
X-3 Pledges and grants receivable$1,631
X-12 Other securitiesStart of year $1,075,664$935,038
X-15 Other assetsStart of year $0$1,300
X-16 Total assetsStart of year $1,119,915$1,024,148
X-25 Other liabilitiesStart of year $0$390
X-26 Total liabilitiesStart of year $0$390
X-32 Total net assets or fund balancesStart of year $1,119,915$1,023,758
X-33 Total liabilities and net assetsStart of year $1,119,915$1,024,148
Part XI · Reconciliation of net assets $1,023,758 net assets at year end
XI-1 Total revenue$80,004
XI-2 Total expenses$176,161
XI-3 Revenue less expenses−$96,157
XI-4 Net assets at start of year$1,119,915
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,023,758

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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