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Nonprofiteer
← 3RD DECADE INC

Form 990 for tax year 2022

Filed by 3RD DECADE INC.

Totals

Total revenue
$1,002,101
Total expenses
$1,084,554
Contributions and grants received
$1,002,101
Grants paid
$201,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$253,999
Total liabilities, end of year
$7,046
Net assets or fund balances, end of year
$246,953
Program services expenses (Part IX)
$624,220
Management and general expenses
$361,002
Fundraising expenses
$99,332
Program service expenses (Part III)
$624,220

Program services were 57.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,002,101

  • 1g · Noncash contributions included above

    $473,926

  • 7a · Gross sales of assets other than inventory

    securities $473,926

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

    securities $473,926

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $201,000 · program services $201,000

  • 5 · Compensation of officers, directors and key employees

    total $149,357 · program services $106,699 · management and general $31,268 · fundraising $11,390

  • 7 · Other salaries and wages

    total $184,011 · program services $41,983 · management and general $110,431 · fundraising $31,597

  • 8 · Pension plan contributions

    total $10,851 · program services $3,631 · management and general $5,593 · fundraising $1,627

  • 9 · Other employee benefits

    total $135,936 · program services $52,212 · management and general $64,718 · fundraising $19,006

  • 10 · Payroll taxes

    total $136,383 · program services $58,093 · management and general $60,219 · fundraising $18,071

  • 11b · Fees: legal

    total $585 · program services $585

  • 11c · Fees: accounting

    total $5,700 · program services $5,700

  • 11g · Fees: other

    total $121,862 · program services $37,362 · management and general $76,500 · fundraising $8,000

  • 12 · Advertising and promotion

    total $9,641 · fundraising $9,641

  • 13 · Office expenses

    total $1,476 · program services $1,476

  • 14 · Information technology

    total $89,386 · program services $89,386

  • 16 · Occupancy

    total $4,908 · management and general $4,908

  • 17 · Travel

    total $1,067 · program services $1,067

  • 19 · Conferences, conventions and meetings

    total $3,650 · management and general $3,650

  • 23 · Insurance

    total $8,275 · program services $8,275

  • 24a · Other expenses: MISCELLANEOUS

    total $19,107 · program services $16,384 · management and general $2,723

  • 24b · Other expenses: MEALS

    total $992 · management and general $992

  • 24c · Other expenses: BANK FEE

    total $342 · program services $342

  • 24d · Other expenses: LICENSING FEE

    total $25 · program services $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $239,239 · end of year $253,999

  • 3 · Pledges and grants receivable

    beginning of year $96,117 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,950 · end of year $7,046

  • 27 · Net assets without donor restrictions

    beginning of year $329,406 · end of year $14,620

  • 28 · Net assets with donor restrictions

    end of year $232,333

Mission and programs · 2022

Mission

CHANGING FINANCIAL FUTURES FOREVER STARTING NOW.

Activities or mission (Part I)

WE PROVIDE BASIC FINANCIAL EDUCATION TO YOUNG PEOPLE IN NEED OF FINANCIAL MENTORSHIP.

  • 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

    Expenses $605,660 · Grants $201,000

  • 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.

    Expenses $18,560

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Swift

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Jeff Locke

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Melissa Missy Eddy

    BOARD SECRETARY (THRU AUGUST)

    Total calculated
    $0
    Hours/week
    0.2

  • Desiree Cunnignham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Kerri Lopez-Howell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Ashley Ilardo

    DIRECTOR (AS OF OCT)

    Total calculated
    $0
    Hours/week
    0.2

  • Scott Bennett

    EXECUTIVE DIRECTOR (THRU MARCH)

    Total calculated
    $35,274
    From this org
    $30,993
    From related orgs
    $0
    Other
    $4,281
    Hours/week
    40

  • Joe'Mar Hooper

    EXECUTIVE DIRECTOR (AS OF MARCH)

    Total calculated
    $112,212
    From this org
    $95,676
    From related orgs
    $0
    Other
    $16,536
    Hours/week
    40

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
2022
Filed
11 May 2023
IRS schema version
2022v5.0
Source object
202321319349304312

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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