Doughmain Financial Literacy Foundation Incorporated
- Assets
- $122.4k
- Revenue
- $261.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 46-1135282
Organization Overview
Doughmain Financial Literacy Foundation Incorporated is located in Princeton, NJ. The organization was established in 2013. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doughmain Financial Literacy Foundation Incorporated 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, Doughmain Financial Literacy Foundation Incorporated generated $261.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $195.6k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
DMFLF HAS DEVELOPED FINANCIAL LITERACY CURRICULA USED IN EDUCATIONAL SETTINGS INCLUDING HIGH SCHOOL AND MIDDLE SCHOOL CLASSROOMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DMFLF HAS DEVELOPED FINANCIAL LITERACY CURRICULA USED IN EDUCATIONAL SETTINGS INCLUDING HIGH SCHOOL AND MIDDLE SCHOOL CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Damato Board Chair & Trustee | OfficerTrustee | 10 | $0 |
Steve Berginda Treasurer & Trustee | OfficerTrustee | 1 | $0 |
Carol Ann Fernandez Trustee | Trustee | 1 | $0 |
Maria Passannante-Derr Trustee | Trustee | 1 | $0 |
Scott Fellin Trustee | Trustee | 1 | $0 |
Andrea Catsimatidis Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,078 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,918 |
| Noncash contributions included in lines 1a–1f | $260,996 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,996 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $260,996 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $31,458 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,930 |
| Advertising and promotion | $4,261 |
| Office expenses | $9,527 |
| Information technology | $10,804 |
| Royalties | $0 |
| Occupancy | $89,082 |
| Travel | $11,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,535 |
| Interest | $207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,727 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $195,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,622 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $19,821 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,443 |
| Accounts payable and accrued expenses | -$325 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $48,200 |
| Other liabilities | $0 |
| Total liabilities | $47,875 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $65,621 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,947 |
| Total liabilities and net assets/fund balances | $122,443 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Doughmain Financial Literacy Foundation Incorporated has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Provident Bank Foundation Inc Iselin, NJ PURPOSE: FITKIT EXPRESS PERSONAL FINANCE FOSTER CARE YOUTH INITIATIVE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Garden State Consumer Credit Counseling Inc Manalapan, NJ | $15,368,790 | $14,807,314 |
Consumer Credit Counseling Service Of Delaware Valley Philadelphia, PA | $4,817,961 | $4,855,910 |
Hebrew Free Loan Society Inc New York, NY | $39,139,675 | $5,814,730 |
Consumer Credit And Budget Counseling Inc Marmora, NJ | $1,261,705 | $3,720,720 |
Consumers Credit Counseling Service Of Rochester Inc Rochester, NY | $7,908,723 | $3,468,563 |
Start Small Think Big Inc New York, NY | $5,478,531 | $5,454,234 |
Money Management New York, NY | $8,835,712 | $4,309,180 |
Advantage Credit Counseling Service Inc Pittsburgh, PA | $1,986,787 | $1,981,242 |
Intl Federation Of Red Cross And Red Crescent Soc At The U N Inc New York, NY | $144,561 | $1,804,361 |
Parachute Credit Counseling Inc West Seneca, NY | $1,575,678 | $1,698,417 |
Dfree Global Foundation Inc Somerset, NJ | $276,547 | $1,210,274 |
Safeguard Credit Counseling Services Inc Northport, NY | $4,600,765 | $1,433,533 |