2024-07-02T12:41:46-07:00 2023-12-31 990 2023-01-01 861729535 SILVER CANADY CHARITABLE COLLECTIVE INC SILV 2028548635 PO BOX 896 BOWIE MD 20718 Tisa Silver Canady Executive Director 2028548635 2024-07-02 Tisa Silver Canady 999009999 1 0 11 0 AAL2 2023 2023-04-26 12:10:37Z MARYLAND CENTER FOR COLLEGIATE FINANCIAL WELLNESS TISA SILVER CANADY 14000 JERICHO PARK ROAD BOWIE BIC BOWIE MD 20715 117826 0 X MCCFW.ORG X 2020 MD FOSTERS A CONTINUUM OF CAMPUS-BASED FINANCIAL WELLNESS PROGRAMMING AND SUPPORTS THAT BUILD FINANCIAL LIFE SKILLS AND EMPOWER STUDENTS TOT THRIVE. 3 3 2 0 0 0 1335 117826 0 0 0 1335 117826 0 0 72754 0 0 1121 39482 1121 112236 214 5590 151191 191799 150000 185018 1191 6781 X THE ORGANIZATION FOSTERS A CONTINUUM OF CAMPUS-BASED FINANCIAL WELLNESS PROGRAMMING AND SUPPORTS THAT BUILD FINANCIAL LIFE SKILLS AND EMPOWER STUDENTS TO THRIVE. MCCFW RECOGNIZES THE CHALLENGES TO FINANCING COLLEGIATE EDUCATION AND PROMOTES INFORMED DECISION-MAKING FOR STUDENTS AND FAMILIES AT CRITICAL POINTS IN THE HIGHER EDUCATION JOURNEY. 1 0 53732 54802 0 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. 9800 10000 0 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. 0 0 0 63532 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 2 1 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MD X TISA SILVER CANADY 2028548635 PO BOX 896 BOWIE MD 20718 TISA SILVER CANADY FOUNDER AND EXECUTIVE DIRECTOR 30 X 43000 0 0 DANETTE BURGESS PRESIDENT, BOARD OF DIRECTORS 1 X 0 0 0 BREYANN WILLIAMS SECRETARY, BOARD OF DIRECTORS 1 X 0 0 0 FREDERICK CURTIS III TREASURER, BOARD OF DIRECTORS 1 X 0 0 0 43000 0 0 0 0 0 0 0 0 0 0 0 0 117826 0 117826 0 0 0 0 0 0 0 117826 0 0 0 X 38147 23950 14197 28993 18241 10752 5614 3400 2214 1300 1300 31320 17311 14009 75 75 789 789 2244 2244 2124 2124 FOOD AND SUPPLIES FOR IN SCHOOL EVENTS 580 580 0 CHARITABLE DONATIONS 1050 50 1000 0 112236 63532 48704 0 X 1191 190799 150000 1000 151191 191799 4156 150000 176114 4748 150000 185018 X 1191 6781 0 0 1191 6781 151191 191799 5590 0 0 0 0 0 X X 0 0 0 X 4405 1335 117826 123566 0 0 4405 1335 117826 123566 123566 123566 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2440 MARYLAND INCOME TAX 2308 4748 X Schedule D, Part X, Line 1 PAYROLL LIABILITY FOR FEDERAL TAXES Schedule D, Part X, Line 2 PAYROLL LIABILITY FOR MARYLAND TAXES Form 990, Part III, Line 2 The organization expanded its program services to provide federal student loan borrowers with assistance in completing applications for Income Driven Repayment, Public Service Loan Forgiveness and Direct Loan Consolidations. The organization provides support to borrowers as they complete applications for themselves. Form 990, Part VI, Section B, Line 11b Contents of the 990 were discussed with the governing body and a copy of the draft form was sent to the governing body for review prior to submission of the form. Form 990, Part VI, Section C, Line 19 Information is made available upon request. Form 990, Part IX, Line 11g The reported amount of $31,320 was spent as follows: Communications, social media and graphic design ($14,150), contracted work performed by the current Executive Director prior to becoming an employee ($4,500), work performed by event producers for the annual virtual Symposium ($5,000), wages paid to contractors for providing assistance to individual borrowers ($5,170). Form 990, Part X, Line 25 PAYROLL LIABILITIES FOR FEDERAL AND MARYLAND INCOME TAXES Form 990, Part XII, Line 2a The organization has a contractual bookkeeper who processes payroll and payments and maintains records via Quickbooks. The bookkeeper reviewed the form and provided input and clarification before submission. The organization experienced significant growth in 2023, making the year the first time the organization would complete the Form 990 instead of the 990-N or 990EZ. The organization hired an accounting contractor mid-year to manage its finances, however their duties did not include preparation of annual 990 filings. Once the executive director became aware of the missed deadline, she moved to file an extension request online. During the filing, she was advised the request would likely be rejected since it was being submitted after the original Form 990 due date. The executive director communicated the missed deadline to the board of directors and accepted responsibility. The executive director worked to complete the Form with multiple rounds of questions, answers, and review by the accounting contractor. To prevent this from happening in the future, the executive director created a shared organizational calendar containing federal and state compliance deadlines and added alerts to the online calendar leading up to the May 15th annual deadline. The calendar and alerts have been shared with the staff and will be communicated to the board of directors. Furthermore, the organization will outsource completion of the Form to a reputable, external accounting firm next year to ensure compliance.