Nonprofit · EIN 84-2102876
YOUNG MONEY FINANCES
Tax-exempt · GRAND RAPIDS, MI 49507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $242,000 | $236,000 | $6,000 | $167,095 | $0 | $167,095 |
| December 31, 2023 | 990 | $244,000 | $230,000 | $14,000 | $161,095 | $0 | $161,095 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $236,000
- Program service revenue
- $6,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $9,000
- Salaries, compensation and benefits (total)
- $59,749
- Professional fundraising fees
- $0
- Legal fees
- $3,600
- Accounting fees
- $3,000
- Occupancy
- $12,500
- Travel
- $10,000
- Program services (functional)
- $198,949
- Management and general (functional)
- $37,051
Balance sheet and other
- Total assets, start of year
- $161,095
- Total assets, end of year
- $167,095
- Total liabilities, end of year
- $0
- Net assets, end of year
- $167,095
- Net assets without donor restrictions
- $167,095
- Gross receipts
- $242,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dondrea Brown | Executive Director Trustee or director | 20 | $9,000 |
| Teia Gates | Chair Officer | 1 | $0 |
| Roger Freeman | Vice Chair Officer | 1 | $0 |
| Christina VanDam | Secretary Officer | 1 | $0 |
| Mariel Harmon | Treasurer Officer | 1 | $0 |
| Cole Williams | Board Member Officer | 1 | $0 |
| Malique Grear | Board Member Officer | 1 | $0 |
| John Ruther | Board Member Officer | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dondrea Brown | Executive Director Trustee or director | 20 | $17,000 | $17,000 | $17,000 |
| Teia Gates | Chair Officer | 1 | $0 | $0 | $0 |
| Roger Freeman | Vice Chair Officer | 1 | $0 | $0 | $0 |
| Christina VanDam | Secretary Officer | 1 | $0 | $0 | $0 |
| Mariel Harmon | Treasurer Officer | 1 | $0 | $0 | $0 |
| Cole Williams | Board Member Officer | 1 | $0 | $0 | $0 |
| Malique Grear | Board Member Officer | 1 | $0 | $0 | $0 |
| John Ruther | Board Member Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 454 CRAWFORD ST SE, GRAND RAPIDS, MI 49507-1838
- In care of
- % DONDREA BROWN
- Mailing address (990-N for 2020)
- 1750 Bloomfield Drive Southeast, Grand Rapids MI 49508
- Principal officer (990 for 2024)
- Dondrea Brown, 454 CRAWFORD ST SE, GRAND RAPIDS, MI 49506
- Principal officer (990-N for 2020)
- Dondrea Brown, 1750 Bloomfield Drive Southeast, Grand Rapids MI 49508
- Signed the 990
- Dondrea Brown, Executive Director
- Phone
- (616) 202-1470
- Website
- www.ymfgr.org
- Return prepared by
- TDJ TAXWORKS SOLUTIONS LLC
Mission
Empowering youth and families to build healthy financial behaviors.
Program accomplishments
- The organization provides financial education to youth and families.Expenses $198,949 · grants $242,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-2102876
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $167,095
- Income (IRS master file)
- $242,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $242,000 | $236,000 | $167,095 | IRS |
| 990 | December 2023 | $244,000 | $230,000 | $161,095 | XML |
| 990 | December 2022 | $290,921 | $143,826 | $147,095 | IRS |
| 990 | February 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: Dondrea Brown | February 28, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-2102876).
Questions about YOUNG MONEY FINANCES
- What is the EIN of YOUNG MONEY FINANCES?
- The employer identification number (EIN) of YOUNG MONEY FINANCES is 84-2102876.
- Is YOUNG MONEY FINANCES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to YOUNG MONEY FINANCES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YOUNG MONEY FINANCES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of YOUNG MONEY FINANCES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did YOUNG MONEY FINANCES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of YOUNG MONEY FINANCES?
- The 990 for the year ended December 31, 2024 names Dondrea Brown.
- Who are the officers and directors of YOUNG MONEY FINANCES?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $9,000 (Dondrea Brown, Executive Director).
- How much revenue does YOUNG MONEY FINANCES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $242,000, expenses of $236,000 and total assets of $167,095 at year end.
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