Your Economic Success is located in Harrisonburg, VA. The organization was established in 1981. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Your Economic Success 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 06/2023, Your Economic Success generated $185.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $144.0k during the year ending 06/2023. While expenses have increased by 5.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE GROW HEALTHIER COMMUNITIES THROUGH ACCESSIBLE ECONOMIC EDUCATION MADE EASY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LARGEST PROGRAM EXPENSE INVOLVED PAYMENT TO JAMES MADISON UNIVERSITY WHICH, IN TURN, PAID THE SALARY TO SUPPORT A FULL-TIME TEACHER ADVOCATE AND CONSULTANT WHO DELIVERED ECONOMIC AND FINANCIAL LITERACY EDUCATIONAL PROGRAMS AND RESOURCES PRIMARILY FOR THE BENEFIT OF LOCAL TEACHERS. OUR PROGRAM REACH EXTENDS TO THE REGION, STATE, AND NATION THROUGH IN-PERSON AND VIRTUAL PRESENTATIONS.* YES SPONSORED TEACHER WORKSHOPS REACHED 193 TEACHERS AND AN ESTIMATED 193,000 STUDENTS.* 16 NATIONAL PRESENTATIONS REACHED 158 TEACHERS AND AN ESTIMATED 158,000 STUDENTS.- CONTINUED ON SCHEDULE OIN ADDITION TO PROVIDING WORKSHOPS AND PRESENTATIONS THROUGHOUT THE YEAR, THIS INDIVIDUAL ASSISTED TEACHERS IN INCOPORATING ECONOMICS AND PERSONAL FINANCE INTO THEIR LESSONS AND ACTIVITIES VIA PHONE, EMAIL, ZOOM, OR IN THEIR CLASSROOMS, AS REQUESTED, AND OVERSAW ALL OTHER PROGRAMS OFFERED BY YES.
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
THE STOCK MARKET GAME WAS THE SECOND LARGEST PROGRAM EXPENSE IN THIS FISCAL YEAR. THIS IS A NATIONAL COMPREHENSIVE ECONOMICS AND PERSONAL FINANCE EDUCATION PROGRAM FOR GRADES 4 TO 12. 41 ELEMENTARY, MIDDLE AND HIGH SCHOOL TEACHERS IN OUR REGION AND 1575 STUDENTS PARTCIPATED IN THE PROGRAM. FOUR LOCAL TEAMS, INCLUDING 13 STUDENTS, COMPETED AT THE STATE LEVEL. YES HOSTED A RECEPTION TO CELEBRATE AND RECONIZE ALL TEAMS. - CONTINUED ON SCHEDULE OINVESTWRITE IS A CULMINATING ACTIVITY FOR THE STOCK MARET GAME, EXTENDING STUDENTS' CLASSROOM LEARNING WITH A WRITTEN CHALLENGE TO ADDRESS REAL-WORLD FINANCIAL ISSUES OR SITUATIONS. 2 LOCAL STUDENTS ENTERED ESSAYS AND WON IN THE STATE-LEVEL COMPETITION THIS YEAR.
THE MINI-ECONOMY, CULMINATING IN THE GLOBAL ENTREPRENEURSHIP MARKETPLACE (GEM) FAIR, WAS OUR THIRD LARGEST PROGRAMMING EXPENSE. A MINI-ECONOMY IS A CLASSROOM SIMULATION WHICH ALLOWS STUDENTS TO LEARN REAL WORLD LESSONS ON HOW MARKETS WORK. STUDENTS LEARN ABOUT CURRENCY, JOBS, GOODS VS. SERVICES, COST OF GOODS SOLD, PRICING, MARKETING, AND HOW PRODUCERS AND CONSUMERS INTERACT IN THE MARKETPLACE.* 8 TEACHERS HOSTED MINI ECONOMIES IN THEIR CLASSROMS AND REACHED 200 STUDENTS. * 2 TEACHERS CHECKED OUT MINI ECONOMY BOXES WHICH HAD ALL MATERIALS FOR RUNNING A CLASSROOM MINI-ECONOMY, REACHING 50 STUDENTS. - CONTINUED ON SCHEDULE O* 12 TEACHERS AND 194 STUDENTS ATTENDED THE GEM FAIR THIS YEAR. IN ADDITION, THE BOYS AND GIRLS CLUBS HOSTED 4 MINI-ECONOMIES DURING THE SUMMER. 125 STUDENTS PARITICPATED AND STARTED 39 BUSINESSES. ANOTHER PARTNER, EXPLORE MORE DISCOVERY MUSEUM HOSTED A MINI-ECONOMY CALLED CAMP MILLIONAIRE IN WHICH 18 STUDENTS PARTCIPATED AS WELL AS A "POP-UP" BAKE SHOP WHICH HAD 12 STUDENT PARTICIPANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephanne S Byrd Chair | OfficerTrustee | 0 | $0 |
Mark Hanna Vice Chair | OfficerTrustee | 0 | $0 |
Lydia Heatwole Treasurer | OfficerTrustee | 0 | $0 |
Anne Whitney Flint Secretary | OfficerTrustee | 0 | $0 |
Craig Anders Member At Large | Trustee | 0 | $0 |
Paul S Cline Member At Large | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $35,000 |
All other contributions, gifts, grants, and similar amounts not included above | $132,542 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $167,542 |
Total Program Service Revenue | $0 |
Investment income | $34,104 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$16,608 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $185,038 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $104,022 |
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 | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,239 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $12,812 |
Fees for services: Other | $0 |
Advertising and promotion | $1,793 |
Office expenses | $2,083 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $795 |
All other expenses | $14,295 |
Total functional expenses | $144,039 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $169,865 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,461,224 |
Total assets | $1,631,089 |
Accounts payable and accrued expenses | $34,242 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $34,242 |
Net assets without donor restrictions | $1,523,333 |
Net assets with donor restrictions | $73,514 |
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 | $1,631,089 |
Over the last fiscal year, Your Economic Success has awarded $308,613 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
JAMES MADISON UNIVERSITY | | | $88,197 |
THE COMMUNITY FOUNDATION | | | $220,416 |