My Money Workshop Inc
- Assets
- $121.9k
- Revenue
- $267.8k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 27-0726256
Organization Overview
My Money Workshop Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, My Money Workshop Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Money Workshop 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, My Money Workshop Inc generated $267.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.8% each year . All expenses for the organization totaled $188.4k during the year ending 12/2021. While expenses have increased by 16.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
MY MONEY WORKSHOP'S MISSION IS TO EDUCATE PEOPLE TO MANAGE THEIR FINANCES WISELY AND TO MAKE A LIFETIME OF INFORMED DECISIONS. WE TEACH PEOPLE TO UNDERSTAND THE DECISIONS THEY MAKE ABOUT MONEY SO THEY CAN BUILD POSITIVE FINANCIAL FUTURES. WE KNOW THAT EDUCATION ALONE DOES NOT CHANGE BEHAIVOR. WE CREATE INDIVIDUALIZED AND CUSTOMIZED FINANCIAL LITERACY WORSHOPS THAT HELP EMPOWER COMMUNITY MEMBERS ON THEIR PERSONAL JOURNEY TOWARDS FINANCIAL SELF- SUFFICIENCY. WE PARTNER WITH COMMUNITY ORGANIZATIONS TO GIVE STUDENTS AND ADULT THE RESOURCES THEY NEED TO BE SET UP FOR ECONOMIC SUCCESS. WE EDUCATE AND EMPOWER INDIVIDUALS TO MANAGE THEIRE FINANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENDITURES WERE INCURRED IN CONNECTION WITH PRESENTING WORKSHOPS AT ASCHOOLS AND OTHER COMMUINTY-BASED ORGANIZATION FOR THE PURPOSE OF EDUCATING PARTICIPANTS IN MONEY MANAGEMENT DECISIONS. WORKSHOPS ARE PRESENTED TO ATTENDEES AT PUBLIC AND PRIVATE HIGH SCHOOLS AND COLLEGES, SPECIAL NEEDS SCHOOL, ALTERNATIVE SCHOOLS, BOCES, CORRECTIONAL FACILITIES AND OTHER COMMUNITY ORGANIZAIONS.
ALL EXPENDITURES WERE INCURRED IN CONNECTION WITH PRESENTING WORKSHOPS AT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gineyda Diaz Executive Di | Trustee | 40 | $71,000 |
Robert Yaffa Co-President | Officer | 15 | $0 |
Rich Yaffa Co-President | Officer | 15 | $0 |
June Jaffe Director | Trustee | 1 | $0 |
Jay Cannell Director | Trustee | 5 | $0 |
Eric Ribachonek Treasurer | Trustee | 5 | $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 | $258,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,186 |
| Total Program Service Revenue | $9,597 |
| 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 | $267,783 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,094 |
| Fees for services: Management | $14,257 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $188,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $121,943 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $121,943 |
| 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 | $121,943 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that My Money Workshop Inc has recieved totaling $84,679.
| Awarding Organization | Amount |
|---|---|
The Joseph H Flom Foundation New York, NY PURPOSE: IN SUPPORT OF CONTINUING FINANCIAL LITERACY PROGRAMS. | $60,000 |
Arnold S Penner Foundation Inc New York, NY PURPOSE: CHARITABLE | $10,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Stand For Street Cents Corp Nyack, NY PURPOSE: EDUCATE PEOPLE TO MANAGE THEIR FINANCES | $4,635 |
The Kim And David Wagman Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $2,500 |
Milton Pollack Family Foundation Inc Scarsdale, NY PURPOSE: TO ACKNOWLEDGE THE GOOD WORK THE ORGANIZATION PERFORMS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |