3rd Decade Inc
- Assets
- $254.0k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Tucson, AZ
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2298062
Organization Overview
3rd Decade Inc is located in Tucson, AZ. The organization was established in 2019. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2022, 3rd Decade Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 3rd Decade 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 12/2022, 3rd Decade Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE BASIC FINANCIAL EDUCATION TO YOUNG PEOPLE IN NEED OF FINANCIAL MENTORSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
3RD DECADE STRIVES TO HELP PROGRAM PARTICIPANTS MAKE SIMPLE CHANGES TO THEIR BEHAVIOR, CREATE LONG-TERM FINANCIAL GOALS AND EQUIP THEM WITH THE KNOWLEDGE AND TOOLS NEEDED TO BE SUCCESSFUL IN SECURING THEIR FINANCIAL FUTURE. TODAY 3RD DECADE HAS A GROWING TEAM OF EMPLOYEES AND VOLUNTEERS (73) WHO SERVE OUR PARTICIPANTS. WE ONBOARD NEW PARTICIPANTS QUARTERLY FOR OUR TWO-PART PROGRAM. EDUCATION: ALL PARTICIPANTS MUST COMPLETE OUR FOUR EDUCATIONAL CLASSES (10-HOURS) EITHER LIVE OR ON-DEMAND, MENTORSHIP: TWO-YEAR RELATIONSHIP WITH A FINANCIAL MENTOR TO ESTABLISH AND MANAGE A PERSONAL FINANCIAL PLAN. (DESCRIPTION CONT'D ON SCH O)CHANGES IN 2022: 3RD DECADE CHANGED THE ROTH AWARD CONTRIBUTION. Q3 OF 2022 ALL PARTICIPANTS ARE ELIGIBLE FOR A $250 MATCHING ROTH CONTIBUTION UPON COMPLETION OF THE PROGRAM. THIS CHANGE WILL ALLOW 3RD DECADE TO SERVE MORE PARTICIPANTS ACROSS THE UNITED STATES. WORKING GOAL: TO HAVE OUR ETHINICITY DEMOGRAPHICS MIRROR THOSE OF THE UNITED STATES TO ENSURE ALL INDIVIDUALS HAVE EQUAL ACCESS TO FINANCIAL EDUCATION.IN 2022 3RD DECADE SERVED 80 DIFFERENT CITIES IN 32 STATESKEY IMPACTS 1,154 GRADUATES- COMPLETED THE CLASSROOM PORTION OF THE PROGRAM 710 ALUMS- GRADUATED THE FULL 2-YEAR MENTORING PROGRAM 61% FEMALE PARTICIPANTS; AVERAGE AGE 29 39% MALE PARTICIPANTS; AVERAGE AGE 29 AVERAGE NET WORTH CHANGE OVER 2 YEARS: $65,741.61 AVERAGE GROSS INCOME $42,835
3RD DECADE OFFERS IN-PERSON AND VIRTUAL FINANCIAL EDUCATION WORKSHOPS FOR BUSINESSES, SCHOOLS, NON-PROFITS AND OTHER ORGANIZATIONS. IN 2022, 3RD DECADE PROVIDED EVERGREEN, DORRANCE AND CAPITAL DIRECTIONS VIRTUAL WORKSHOPS IN 2022.DORRANCE: 2022 THROUGH 2023 3RD DECADE WILL SERVE 60 DORRANCE SCHOLARS THROUGH 10 HOURS OF FINANCIAL EDUCATION AND MENTORSHIP OVER THE COURSE OF 2 YEARS.EVERGREEN EMPLOYEES WERE INVITED TO 3 FINANCIAL EDUCATION CLASSES WITH THE OPTION TO MEET WITH A FINANCIAL MENTOR.(DESCRIPTION CONT'D ON SCH O)CAPITAL DIRECTIONS: 3RD DECADE PROVDED CURRICULUM AND TRAINING IN THE FORM OF A WORKSHOP TO ALLOW A PRINICPLE AT THE FIRM TO TEACH FINANCIAL EDUCATION TO A SMALL GROUP OF COLLEGE ATHLETES. TOPICS INCLUDED BUDGETING, CREDIT, DEBT, SAVING AND INVESTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Swift Board President | OfficerTrustee | 4 | $0 |
Jeff Locke Board Treasurer | OfficerTrustee | 0.5 | $0 |
Melissa Missy Eddy Board Secretary (thru August) | OfficerTrustee | 0.2 | $0 |
Desiree Cunnignham Director | Trustee | 0.2 | $0 |
Kerri Lopez-Howell Director | Trustee | 0.2 | $0 |
Ashley Ilardo Director (as Of Oct) | Trustee | 0.2 | $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 | $1,002,101 |
| Noncash contributions included in lines 1a–1f | $473,926 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,002,101 |
| 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 | $1,002,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $201,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,357 |
| Compensation of current officers, directors, key employees. | $31,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,011 |
| Pension plan accruals and contributions | $10,851 |
| Other employee benefits | $135,936 |
| Payroll taxes | $136,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $585 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,862 |
| Advertising and promotion | $9,641 |
| Office expenses | $1,476 |
| Information technology | $89,386 |
| Royalties | $0 |
| Occupancy | $4,908 |
| Travel | $1,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,650 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,275 |
| All other expenses | $0 |
| Total functional expenses | $1,084,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $253,999 |
| 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 | $253,999 |
| Accounts payable and accrued expenses | $7,046 |
| 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 | $7,046 |
| Net assets without donor restrictions | $14,620 |
| Net assets with donor restrictions | $232,333 |
| 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 | $253,999 |