Nonprofit · EIN 84-2250005
MILLENNIAL DEBT FOUNDATION
Tax-exempt · CHATTANOOGA, TN 37402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,471,780 | $1,007,111 | $464,669 | $1,451,081 | $23,378 | $1,427,703 |
| December 31, 2024 | 990 | $1,046,763 | $660,784 | $385,979 | $620,654 | $4,204 | $616,450 |
| December 31, 2023 | 990 | $447,825 | $552,026 | -$104,201 | $239,659 | $9,188 | $230,471 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $381,000
- Program service revenue
- $1,090,780
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $388,854
- Salaries, compensation and benefits (total)
- $388,854
- Professional fundraising fees
- $0
- Legal fees
- $159,540
- Accounting fees
- $47,947
- Travel
- $53,632
- Program services (functional)
- $72,378
- Management and general (functional)
- $254,234
- Fundraising (functional)
- $680,499
Balance sheet and other
- Total assets, start of year
- $620,654
- Total assets, end of year
- $1,451,081
- Total liabilities, end of year
- $23,378
- Net assets, end of year
- $1,427,703
- Gross receipts
- $1,471,780
- Employees
- 0
- Year formed
- 2019
- State of legal domicile
- TN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lindsay Conrad | Director Highest-paid employee | 40 | $135,000 |
| William Glass | Employee Highest-paid employee | 40 | $110,000 |
| Zach Wamp | Director Trustee or director, Officer | 2 | $0 |
| Adam Boeselager | Director Trustee or director, Officer | 2 | $0 |
| Weston Wamp | President Officer | 5 | $0 |
| Nick Macco | Secretary Officer | 2 | $0 |
| Kyle Bryant | Treasurer Officer | 2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lindsay Conrad | Director Highest-paid employee | 40 | $126,000 |
| Zach Wamp | Director Trustee or director, Officer | 2 | $0 |
| Adam Boeselager | Director Trustee or director, Officer | 2 | $0 |
| Weston Wamp | President Officer | 5 | $0 |
| Nick Macco | Secretary Officer | 2 | $0 |
| Kyle Bryant | Treasurer Officer | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lindsay Conrad | Director Highest-paid employee | 40 | $120,000 |
| Zach Wamp | Director Trustee or director, Officer | 2 | $0 |
| Adam Boeselager | Director Trustee or director, Officer | 2 | $0 |
| Weston Wamp | President Officer | 3 | $0 |
| Nick Macco | Secretary Officer | 2 | $0 |
| Travis Truett | Treasurer Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 401 CHESTNUT ST STE 226, CHATTANOOGA, TN 37402-4937
- In care of
- % SMITH & HOWARD ADVISORY LLC
- Principal officer (990 for 2025)
- Thomas Weston Wamp, 401 CHESTNUT STREET226, CHATTANOOGA, TN 37402
- Signed the 990
- Thomas Weston Wamp, President
- Phone
- (423) 503-8793
- Website
- https://millennialdebt.org
- Return prepared by
- SMITH & HOWARD ADVISORY LLC
Mission
THE MILLENNIAL DEBT FOUNDATION WAS LAUNCHED IN MID-2019 BY TENNESSEAN WESTON WAMP AND OTHER MILLENNIAL ENTREPRENEURS TO LEAD A GENERATIONAL CONVERSATION ABOUT FISCAL STEWARDSHIP, THE ROLE OF THE FEDERAL GOVERNMENT AND AMERICA'S DEFICIT SPENDING CRISIS.
Program accomplishments
- Public education with millennial business leaders to lead a generational conversation about fiscal stewardship, the role of the federal government and America's deficit spending crisis.Expenses $72,378 · revenue $1,090,780
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 | 990 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
- 84-2250005
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- 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 (B01)
- Assets (IRS master file)
- $1,451,081
- Income (IRS master file)
- $1,471,780
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,471,780 | $1,007,111 | $1,451,081 | XML |
| 990 | December 2024 | $1,046,763 | $660,784 | $620,654 | XML |
| 990 | December 2023 | $447,825 | $552,026 | $239,659 | XML |
| 990 | December 2022 | $276,290 | $251,830 | $334,672 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
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 84-2250005).
Questions about MILLENNIAL DEBT FOUNDATION
- What is the EIN of MILLENNIAL DEBT FOUNDATION?
- The employer identification number (EIN) of MILLENNIAL DEBT FOUNDATION is 84-2250005.
- Is MILLENNIAL DEBT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MILLENNIAL DEBT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MILLENNIAL DEBT FOUNDATION 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 MILLENNIAL DEBT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MILLENNIAL DEBT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MILLENNIAL DEBT FOUNDATION?
- The 990 for the year ended December 31, 2025 names Thomas Weston Wamp.
- Who are the officers and directors of MILLENNIAL DEBT FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $135,000 (Lindsay Conrad, Director).
- How much revenue does MILLENNIAL DEBT FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,471,780, expenses of $1,007,111 and total assets of $1,451,081 at year end.
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