Silver Canady Charitable Collective Inc
- Assets
- $191.8k
- Revenue
- $117.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Bowie, MD
- Founding
- Data as of
- 12/2023
- EIN
- 86-1729535
Organization Overview
Silver Canady Charitable Collective Inc, operating under the name Maryland Center For Collegiate Financial Wellness, is located in Bowie, MD. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Maryland Center For Collegiate Financial Wellness employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Center For Collegiate Financial Wellness 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERS A CONTINUUM OF CAMPUS-BASED FINANCIAL WELLNESS PROGRAMMING AND SUPPORTS THAT BUILD FINANCIAL LIFE SKILLS AND EMPOWER STUDENTS TOT THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL EVENTS AND HELP SESSIONS FOR FEDERAL STUDENT LOAN BORROWERS: MCCFW HOSTED SEVERAL INFORMATIONAL WEBINARS FOR PUBLIC SERVICE EMPLOYERS AND PROVIDED EMPLOYEES WITH ASSISTANCE IN COMPLETING APPLICATIONS FOR PUBLIC SERVICE LOAN FORGIVENESS (PSLF), INCOME-DRIVEN REPAYMENT (IDR), AND/OR CONSOLIDATION WHERE NECESSARY TO OBTAIN FEDERAL STUDENT LOAN BENEFITS. THESE OFFERINGS WERE PROVIDED TO PUBLIC SERVANTS FOR FREE WITH COSTS COVERED BY PHILANTHROPIC GRANTS FOR PRE-K THRU 12TH GRADE EDUCATORS IN PRINCE GEORGE'S COUNTY AND BALTIMORE CITY, MARYLAND. AS OF MAY 1, 2024, THE ORGANIZATION HAS HELPED PUBLIC SERVANTS GAIN APPROVAL FOR MORE THAN $17 MILLION IN LOAN FORGIVENESS THROUGH PSLF.
ANNUAL VIRTUAL SYMPOSIUM FOR CAMPUS-BASED PROFESSIONALS AND COMMUNITY PARTNERS: MCCFW HOSTS INDUSTRY EXPERTS AND CAMPUS PERSONNEL, MOSTLY FROM MARYLAND, TO LEARN, SHARE, AND GROW COLLEGIATE FINANCIAL WELLNESS INITIATIVES AS A PART OF A LARGER EFFORT TO INCREASE POSTSECONDARY STUDENT SUCCESS. THE SYMPOSIUM IS OFFERED FREE OF CHARGE AND DREW NEARLY 200 ATTENDEES FROM ACROSS THE NATION AND SOME INTERNATIONAL GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tisa Silver Canady Founder And Executive Director | Officer | 30 | $43,000 |
Danette Burgess President, Board Of Directors | Trustee | 1 | $0 |
Breyann Williams Secretary, Board Of Directors | Trustee | 1 | $0 |
Frederick Curtis III Treasurer, Board Of Directors | Trustee | 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 | $117,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,826 |
| 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 | $117,826 |
| 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. | $38,147 |
| Compensation of current officers, directors, key employees. | $14,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,320 |
| Advertising and promotion | $75 |
| Office expenses | $789 |
| Information technology | $2,244 |
| 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 | $2,124 |
| All other expenses | $0 |
| Total functional expenses | $112,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $191,799 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,156 |
| Deferred revenue | $176,114 |
| 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 | $4,748 |
| Total liabilities | $185,018 |
| Net assets without donor restrictions | $6,781 |
| 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 | $191,799 |