3rd Decade Inc
- Assets
- $335.4k
- Revenue
- $974.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Tucson, AZ
- Founding
- 09/2019
- Data as of
- 12/2021
- 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 12/2021, 3rd Decade Inc employed 5 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 12/2021, 3rd Decade Inc generated $974.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $885.7k 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
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 EMPOWERS YOUNG ADULTS BY PROVIDING FUNDAMENTAL PERSONAL FINANCIAL EDUCATION TO YOUNG PEOPLE WHO ARE BETWEEN 18-35 YEARS OF AGE OVER THE COURSE OF A TWO-YEAR PROGRAM. PARTICIPANTS OF THE PROGRAM MUST HAVE AN INDIVIDUAL INCOME BETWEEN $35,000-$75,000 OR A HOUSEHOLD INCOME BETWEEN $35,000-$120,000, MUST BE READY TO MANAGE DEBT, START A FINANCIAL PLAN, HAVE THE ABILITY TO SAVE, AND CAN COMMIT TO ATTENDING THE FOUR CLASSES AND MENTORSHIP MEETINGS OVER THE COURSE OF THE PROGRAM. THESE SERVICES ARE OFFERED FREE TO THOSE WHO WOULD NOT OTHERWISE HAVE EASY ACCESS TO A FINANCIAL MENTOR AND TOP-NOTCH FINANCIAL EDUCATION, AS THEY DO NOT HAVE SUFFICIENT INVESTMENT FUNDS TO WORK WITH MOST FINANCIAL ADVISORY FIRMS. (CONT'D ON SCH O)IN 2021 3RD DECADE SERVED 8 DIFFERENT CITIES IN ARIZONA, COLORADO, NEVADA, CALIFORNIA, TEXAS & NORTH CAROLINA. IN 2022 3RD DECADE WILL EXPAND PROGRAM SERVICES NATIONWIDE. KEY IMPACTS 1350 GRADUATES- COMPLETED THE CLASSROOM PORTION OF THE PROGRAM 501 ALUMNI- GRADUATED THE FULL 2-YEAR MENTORING PROGRAM 61% FEMALE PARTICIPANTS; AVERAGE AGE 32 39% MALE PARTICIPANTS; AVERAGE AGE 32 AVERAGE NET WORTH CHANGE OVER 2 YEARS: $65,848.67 MEDIAN NET WORTH CHANGE OVER 2 YEARS: $52,962.50 3RD DECADE ALSO PROVIDED COMMUNITY WORKSHOPS BASED ON THE 3RD DECADE TEACHINGS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Bennett Executive Director | Officer | 40 | $104,344 |
Robert Swift Board President | OfficerTrustee | 4 | $0 |
Jeff Locke Director/treasurer | OfficerTrustee | 0.2 | $0 |
Catherine Nichols Board Treasurer (thru July) | OfficerTrustee | 0.5 | $0 |
Melissa Missy Eddy Board Secretary | OfficerTrustee | 0.2 | $0 |
Desiree Cunnignham Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,012 |
| All other contributions, gifts, grants, and similar amounts not included above | $892,726 |
| Noncash contributions included in lines 1a–1f | $360,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $974,738 |
| 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 | $974,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $187,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,982 |
| Compensation of current officers, directors, key employees. | $25,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,572 |
| Pension plan accruals and contributions | $8,574 |
| Other employee benefits | $119,537 |
| Payroll taxes | $80,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $349 |
| Fees for services: Accounting | $5,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,532 |
| Advertising and promotion | $6,542 |
| Office expenses | $5,134 |
| Information technology | $30,488 |
| Royalties | $0 |
| Occupancy | $15,282 |
| Travel | $953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $443 |
| Interest | $48 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,184 |
| All other expenses | $17,333 |
| Total functional expenses | $885,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $239,239 |
| Pledges and grants receivable | $96,117 |
| 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 | $335,356 |
| Accounts payable and accrued expenses | $5,950 |
| 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 | $5,950 |
| Net assets without donor restrictions | $329,406 |
| 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 | $335,356 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that 3rd Decade Inc has recieved totaling $30,027.
| Awarding Organization | Amount |
|---|---|
Invest In Others Charitablefoundation Inc Andover, MA PURPOSE: AWARD FINALIST | $20,000 |
Dorrance Foundation For Education Scottsdale, AZ PURPOSE: GRANT TO 3RD DECADE PROGRAM FOR 2021 | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Money Management International Inc Phoenix, AZ | $55,363,723 | $38,595,180 |
Consumer Credit Counseling Service Of San Francisco Concord, CA | $9,996,299 | $17,336,495 |
Springboard Non-Profit Consumer Credit Management Inc Riverside, CA | $8,795,796 | $5,993,379 |
Take Charge America Inc Phoenix, AZ | $22,881,953 | $7,255,476 |
Usa Homeownership Foundation Inc Corona, CA | $3,434,411 | $5,441,843 |
Debtwave Credit Counseling Inc Escondido, CA | $1,629,187 | $5,189,974 |
Access Counseling Inc Los Angeles, CA | $878,879 | $2,910,345 |
Earn To Learn Tucson, AZ | $1,535,362 | $2,450,878 |
Christian Credit Counselors Inc Carlsbad, CA | $6,458,952 | $2,790,959 |
Abacus Credit Counseling Encino, CA | $7,151,653 | $2,039,579 |
American Credit Foundation Inc Draper, UT | $673,807 | $2,274,444 |
National Budget Planners Of South Florida Inc Livermore, CA | $1,611,064 | $2,018,775 |