Young Money Finances
- Assets
- $2.0k
- Revenue
- $117.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 06/2019
- Data as of
- 02/2022
- EIN
- 84-2102876
Organization Overview
Young Money Finances is located in Grand Rapids, MI. The organization was established in 2019. According to its NTEE Classification (B80) the organization is classified as: Student 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. Young Money Finances is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING YOUTH AND FAMILIES TO BUILD HEALTHY FINANCIAL BEHAVIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FINANCIAL EDUCATION TO YOUTH AND FAMILIES.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dondrea Brown Executive Director | Officer | 20 | $13,800 |
Mariel Harmon Treasurer | OfficerTrustee | 1 | $0 |
Teia Gates Chair | OfficerTrustee | 1 | $0 |
Roger Freeman Vice Chair | OfficerTrustee | 1 | $0 |
Christina Vandam Secretary | OfficerTrustee | 1 | $0 |
Malique Grear Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,470 |
| Total Program Service Revenue | $2,110 |
| 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 | $117,580 |
| 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. | $13,800 |
| 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 | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $5,457 |
| Office expenses | $13,004 |
| Information technology | $5,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,060 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $115,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,020 |
| 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 | $0 |
| Total assets | $2,020 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,020 |
| Net assets with donor restrictions | $0 |
| 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 | $2,020 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Young Money Finances has recieved totaling $120,024.
| Awarding Organization | Amount |
|---|---|
Heart Of West Michigan United Way Grand Rapids, MI PURPOSE: ALLOCATION | $67,500 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
The Right Place Inc Grand Rapids, MI PURPOSE: ECONOMIC ASSISTANCE | $20,000 |
Douglas & Maria Devos Foundation Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - YOUNG MONEY FINANCES CAMPS | $7,500 |
Cdv5 Foundation Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - YOUNG MONEY FINANCES CAMPS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roadtrip Nation Ltd Indianapolis, IN | $0 | $5,778,608 |
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
The New Common School Foundation Detroit, MI | $40,234,956 | $5,515,596 |
Complete College America Inc Indianapolis, IN | $10,589,853 | $9,838,948 |
Communities In Schools Of Ohio Columbus, OH | $1,850,086 | $3,633,271 |
Taylor University Broadcasting Inc Fort Wayne, IN | $4,217,815 | $3,016,713 |
Ohio Campus Compact Granville, OH | $347,453 | $1,037,015 |
Strategic Facility Partners Inc Columbus, OH | $16,015,594 | $2,372,272 |
Grand Rapids Student Advancement Foundation Grand Rapids, MI | $7,185,647 | $4,898,326 |