Asset Builders Of America Inc
- Assets
- $318.7k
- Revenue
- $309.3k
- Investments
- $36.0
- Employees
- 1
- Location
- Madison, WI
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 39-2005260
Organization Overview
Asset Builders Of America Inc is located in Madison, WI. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asset Builders Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Asset Builders Of America Inc generated $309.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $227.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE FINANCIAL EDUCATION AND WEALTH-BUILDING STRATEGIES TO ENHANCE THE QUALITY OF LIFE OF LOW- AND MODERATE-INCOME YOUTH, FAMILIES, AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINANCIAL AND INVESTMENT CHALLENGE BOWL (FICB) TEACHES HIGH SCHOOL STUDENTS ABOUT BUDGETING, CREDIT, ECONOMICS, PERSONAL FINANCE, AND INVESTING. STUDENTS FORM TEAMS OF FOUR STUDENTS EACH, STUDY, PRACTICE, AND EVENTUALLY COMPETE IN A COLLEGE-BOWL TOURNAMENT THAT SHOWCASES THEIR KNOWLEDGE AND ACHIEVEMENTS IN AN ATMOSPHERE OF FRIENDLY COMPETITION. APPROXIMATELY 900 STUDENTS COMPETE EACH YEAR.
THE PERSONAL RESPONSIBILITY EDUCATION PROGRAM (PREP) IS A SERIES OF FINANCIAL LITERACY CLASSES OFFERED AS DIRECT EDUCATION TO LOW-INCOME "AT RISK" STUDENTS.
THE YOUTH POWER ACADEMY OF FINANCE IS A TWO-WEEK PERSONAL FINANCE AND COLLEGE READINESS "BOOT CAMP" FOR STUDENTS ENTERING MIDDLE SCHOOL AND EARLY HIGH SCHOOL STUDENTS. ABOUT 40 STUDENTS PARTICIPATE DURING THE YEAR (MILWAUKEE AND MADISON).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Entenmann Executive Director | Officer | 40 | $86,192 |
Pam Anderson Chair | OfficerTrustee | 1 | $0 |
Scott Beyer Treasurer | OfficerTrustee | 1 | $0 |
Eric Christiansen Secretary | OfficerTrustee | 1 | $0 |
Nafessa Burdine Director | Trustee | 1 | $0 |
Jim Kubek Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,808 |
| Total Program Service Revenue | $3,115 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,209 |
| Compensation of current officers, directors, key employees. | $38,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,909 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,134 |
| Advertising and promotion | $848 |
| Office expenses | $5,540 |
| Information technology | $6,839 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $11,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,390 |
| Insurance | $3,373 |
| All other expenses | $1,769 |
| Total functional expenses | $227,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,238 |
| Savings and temporary cash investments | $221,311 |
| Pledges and grants receivable | $4,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $707 |
| Net Land, buildings, and equipment | $1,158 |
| Investments—publicly traded securities | $2,250 |
| Investments—other securities | $36 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,700 |
| Accounts payable and accrued expenses | $14,404 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,405 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,809 |
| Net assets without donor restrictions | $237,262 |
| Net assets with donor restrictions | $55,629 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $318,700 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Asset Builders Of America Inc has recieved totaling $85,850.
| Awarding Organization | Amount |
|---|---|
Lynde And Harry Bradley Foundation Inc Milwaukee, WI PURPOSE: TO SUPPORT GENERAL OPERATIONS | $45,000 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI PURPOSE: C-19 RECOVERY | $25,000 |
Manpowergroup Foundation Inc Milwaukee, WI PURPOSE: FINANCE & INVESTMENT CHALLENGE BOWL | $10,000 |
Green Bay Packers Foundation Green Bay, WI PURPOSE: WISCONSIN FINANCE AND INVESTMENT CHALLENGE BOWL (FICB) | $4,000 |
Madison Gas & Electric Foundation Inc Madison, WI PURPOSE: GENERAL SUPPORT | $500 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Cook Workforce Partnership Chicago, IL | $32,171,643 | $83,286,997 |
Aspira Inc Of Illinois Chicago, IL | $37,783,687 | $23,094,089 |
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
Wallin Education Partners St Paul, MN | $25,848,040 | $10,926,258 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
New American Development Center Minneapolis, MN | $3,930,676 | $9,122,032 |
Bluesky Charter School Bloomington, MN | $6,912,497 | $6,906,603 |
Us Math Recovery Council Eagan, MN | $3,296,483 | $6,771,005 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |