Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2f · All other program service revenue

  total $9,117 · related or exempt $9,117

• 3 · Investment income

  total $2,073 · excluded $2,073

• 7b · Less cost or other basis and sales expenses

  other assets $532,879

• 7c · Gain or loss

  other assets -$532,879

• 7d · Net gain or loss

  total -$532,879 · excluded -$532,879

Functional expenses

Part IX, the statement of functional expenses.

• 6 · Compensation of disqualified persons

  total $56,000 · management and general $56,000

• 11b · Fees: legal

  total $16,297 · management and general $16,297

• 11g · Fees: other

  total $74,019 · management and general $74,019

• 13 · Office expenses

  total $17,987 · management and general $17,987

• 14 · Information technology

  total $9,414 · management and general $9,414

• 23 · Insurance

  total $219,474 · management and general $219,474

• 24e · All other expenses

  total $4,216 · management and general $4,216

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,734,065 · end of year $912,039

• 9 · Prepaid expenses and deferred charges

  beginning of year $51,500 · end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $0

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $532,879 · end of year $0

• 15 · Other assets

  beginning of year $100,777 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $564,586 · end of year $0

• 25 · Other liabilities

  beginning of year $23,500 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $1,831,135 · end of year $912,039

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Part I, Line 3

All compensation was reviewed and set by the Board of Directors based upon local market data for similar positions and experience.

Part I, Line 4a

During calendar year 2024, but not during the current fiscal year, the organization paid severance to former employees listed in Form 990, Part VII in connection with involuntary termination resulting from the cessation of operations and elimination of positions. Severance was determined based on length of service pursuant to organizational policy and written separation agreements. Employees who accepted employment with another Green Dot affiliated entity received a fixed severance amount, while employees who did not accept such employment received severance equal to 2.75 weeks of pay per year of service. Severance payments were reported as taxable wages on Forms W 2 as follows: Chad Soleo - $298,500 Megan Quaile - $241,824 Ellen Charls - $210,849 Douglas Weston - $167,499 Randi DeMagistris - $83,026 Jihad Mahmud - $43,896 Jaime Hudgins - $84,000 Jose Jauregui - $50,107 Barbara Chen - $86,987