Provide educational and supportive services for family and individual household finance management

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$113K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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 deficit $878 a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $90K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$389K
+408% vs prior year
Spent
$377K
To programs
95%
Net assets
$77K
By yearFY2020–FY2024
Revenue
$389K
FY2022▲ +408%
Tap a bar for its year
Revenue by fiscal year
FY2020$856K
FY2021$77K
FY2022$389K
FY2023$458K
FY2024$233K
Expenses
$377K
FY2022▲ +201%
Tap a bar for its year
Expenses by fiscal year
FY2020$841K
FY2021$126K
FY2022$377K
FY2023$444K
FY2024$229K
Net assets
$77K
FY2022▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$115K
FY2021$66K
FY2022$77K
FY2023$91K
FY2024$96K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Jul 2019.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $359K Management & general 5% · $18K Fundraising 0% · $91

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

14 people listed on the 990; $113K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary, Trustee and Program Director
$56,600Pt VII · Sec A
Secretary, Trustee and Program Director
$56,600Pt VII · Sec A
Treasurer and Trustee
$0Pt VII · Sec A
Executive Director and Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle Reynolds’s $73K as Secretarytreasurer is at the 65th percentile of top reported officer pay among 1613 $100K–1M education 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Michelle Reynolds$73,000$64,269$56,600$37,431

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.

See Growing Oaks Association executive salaries →

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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

Helps families and individuals manage their household finances through education and support.

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Provided by the organization

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4 programs · $694K · in their own filed words · FY2022
01

We received and managed the funding of a $250,000 grant to the newly chartered Growing Oaks Federal Credit Union, a 501(c)(1) organization, for a portion of its 2022 operating expenses. This not-for-profit organization engages with our clients and our community at large to help meet the banking services needs of the unserved and the…

$250Kprogram expense
02

We received and managed the funding of a $250,000 grant to the newly chartered Growing Oaks Federal Credit Union, a 501(c)(1) organization, for a portion of its 2022 operating expenses. This not-for-profit organization engages with our clients and our community at large to help meet the banking services needs of the unserved and the…

$250Kprogram expense
03

Conducted eight 12-week classes, three 9-week classes, and workshops for a total of 253 individuals and one-on-one counseling at no charge with a completion rate of 83%. Curriculum included goal setting, saving, banking, decision making, budgeting, reducing debt, home buying and insurance.

$97Kprogram expense
04

Conducted eight 12-week classes, three 9-week classes, and workshops for a total of 253 individuals and one-on-one counseling at no charge with a completion rate of 83%. Curriculum included goal setting, saving, banking, decision making, budgeting, reducing debt, home buying and insurance.

$97Kprogram 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 3 funders$90K
See all 3 funders →
Grants paid · 6 grants · $1.8M · 2020–2024
Growing Oaks Federal Credit UnionFY2024$107,000
Growing Oaks Federal Credit UnionFY2023$315,000
Growing Oaks Federal Credit UnionFY2022$250,000
Growing Oaks Federal Credit UnionFY2022$250,000
Growing Oaks Federal Credit UnionFY2021$38,321
Growing Oaks Federal Credit UnionFY2020$811,679

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$389K
Ln 12
Gifts and grantsLn 1h$389K
Investment incomeLn 3$205
Money outPt IX
$377K
Ln 25
Programscol B$359K
Managementcol C$18K
Fundraisingcol D$91
Owns and owesPt X
$77K
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$77K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$389K
Investment incomeLn 3$205
Total revenueLn 12$389K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$77K
Total assetsLn 16$77K
LiabilitiesLn 26$0
Net assetsLn 32$77K
OperationsPt I, VI
EmployeesI 52
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $233K$229K$4K$96K 990 PDF
FY2023 $458K$444K$14K$91K 990 PDF
FY2022 Viewing $389K$377K$11K$77K 990 PDF
FY2021 $77K$126K−$49K$66K 990 PDF
FY2020 $856K$841K$15K$115K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2022 990 (1 part)
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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