Totals
- Total revenue
- $330,278
- Total expenses
- $224,303
- Contributions and grants received
- $329,510
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $768
- Other revenue
- $0
- Total assets, end of year
- $105,975
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $105,975
- Program services expenses (Part IX)
- $224,303
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $224,303
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$328,450
-
1c · Fundraising events
$1,060
-
3 · Investment income
total $768 · related or exempt $768
-
8a · Fundraising events: contributions included on line 1c
$1,060
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $112,500 · program services $112,500
-
7 · Other salaries and wages
total $37,500 · program services $37,500
-
11b · Fees: legal
total $5,000 · program services $5,000
-
11g · Fees: other
total $488 · program services $488
-
12 · Advertising and promotion
total $2,978 · program services $2,978
-
13 · Office expenses
total $4,348 · program services $4,348
-
14 · Information technology
total $56,000 · program services $56,000
-
17 · Travel
total $4,739 · program services $4,739
-
19 · Conferences, conventions and meetings
total $300 · program services $300
-
24a · Other expenses: Miscellaneous
total $450 · program services $450
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $55,975
-
3 · Pledges and grants receivable
end of year $50,000
-
31 · Retained earnings, endowment or other funds
end of year $105,975
Mission and programs · 2024
Mission
The organizations mission is to recognize and capitalize economic mutual aid in financially excluded low income communities where everyone has access to high quality and low interest wealth building products
-
The organization engaged 430 users tracking $60,000 in peer credit and $45,000 in peer to peer lending transactions;launched a rewards programs and development partnerships with other social impact organizations that provided $36,000 in capital through rewards and loan loss insurance
Expenses $224,303
As filed on the 2024 return.
Listed in Part VII
-
Ashley Sherwin
CFO
- Total calculated
- $112,500
- From this org
- $112,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
David Henderson
CEO
- Total calculated
- $0
- Hours/week
- 40
-
Diego May
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521369349300042
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