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
96 cents of each dollar spent went to programs.
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
7 people listed on the 990; $64K paid to officers and key staff.
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
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| 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.
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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.
Questions for Growing Oaks Association
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We received and managed $315,000 of funding to the newly chartered Growing Oaks Federal Credit Union, a 501c(1) organization. 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 underserved and those of modest means and furthers our exempt…
Conducted eleven in-person 12-week classes (English and Spanish), ten in-person 9-week classes, launched online course completed by 47 individuals (English and Spanish) for a total of 358 individuals attending with a completion rate of 81%. Completed 76 one-on-one counseling sessions.
Utilizing two donated vehicles, provided interim transportation from home to work, church and appointments for seven individuals either reentering community following a period of incarceration or recovery and moving from transitional housing to independent living.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $77K | $87K |
| Total assetsLn 16 | $77K | $91K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $77K | $91K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $322K | $322K | ||
| Grants to domestic individualsLn 2 | $250 | $250 | ||
| Pay of current officers, directors and key staffLn 5 | $64K | $64K | ||
| Payroll taxesLn 10 | $4K | $4K | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Other fees for servicesLn 11g | $23K | $23K | ||
| Advertising and promotionLn 12 | $6K | $240 | $6K | |
| Office expensesLn 13 | $6K | $6K | $460 | |
| Information technologyLn 14 | $8K | $8K | ||
| InsuranceLn 23 | $8K | $5K | $3K | |
| Other expenses (24a–d)Ln 24 | $935 | $236 | $650 | $49 |
| Total functional expensesLn 25 | $444K | $424K | $19K | $49 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $233K | $229K | $4K | $96K | 990 PDF |
| FY2023 Viewing | $458K | $444K | $14K | $91K | 990 PDF |
| FY2022 | $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
See the full FY2023 990 (6 parts)
Part I · Summary $458,114 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 4 to look at
Part VIII · Statement of revenue $458,114 across 6 lines filed
Part IX · Statement of functional expenses $443,631 across 11 lines filed
Part X · Balance sheet $91,422 assets, 9 lines filed
Part XI · Reconciliation of net assets $91,422 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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