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My Money Workshop Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270726256 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is My Money Workshop Inc?

My Money Workshop Inc is a nonprofit organization situated in New York City, specifically at 1202 Lexington Avenue Suite 212. Their primary mission is to educate individuals about managing their finances wisely, enabling them to make informed decisions for a prosperous financial future. They achieve this by presenting workshops at various community-based organizations, including schools, colleges, special needs and alternative schools, BOCES, correctional facilities, and other community organizations. My Money Workshop Inc understands that education alone does not alter behavior, so they develop personalized and customized financial literacy workshops to empower community members on their journey towards financial self-sufficiency. They collaborate with other community organizations to provide students and adults with the necessary resources for economic success, ultimately educating and empowering individuals to manage their finances effectively. With a staff of three dedicated individuals, My Money Workshop Inc is committed to improving financial literacy and fostering financial stability among their community members.


Official website here: www.mymoneyworkshop.org

Is My Money Workshop Inc legitimate?

My Money Workshop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. My Money Workshop Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,561

For more financial information, click here


Official website here: www.mymoneyworkshop.org

What is the mission statement of My Money Workshop Inc?

My Money Workshop Inc's mission is centered around financial education. They aim to instruct individuals on managing their finances wisely, enabling them to make informed decisions that shape their financial futures. The organization recognizes that education alone may not alter behavior, which is why they develop customized financial literacy workshops to empower community members on their journey towards financial self-sufficiency. My Money Workshop Inc also collaborates with community organizations to provide students and adults with the necessary resources for economic success. They believe in educating and empowering individuals to effectively manage their finances.


Official website here: www.mymoneyworkshop.org

Who is the CEO of My Money Workshop Inc?

Robert Yaffa is the Director of My Money Workshop Inc.


Official website here: www.mymoneyworkshop.org

What is the revenue of My Money Workshop Inc?

My Money Workshop Inc's revenue in 2022 was $187,988.


Official website here: www.mymoneyworkshop.org

Who are the executives of My Money Workshop Inc and what are their salaries?

The average compensation at My Money Workshop Inc during 2022 was $59,187. There are 3 employees and 50 volunteers at My Money Workshop Inc.


Here are 11 key members and their salaries:


Doug Alpuche (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Cannell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Cannell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
June Jaffe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Jerome (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Celene Menschel (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Ribachonek (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Swift (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earle Yaffa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Yaffa (Co-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Yaffa (Co-President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mymoneyworkshop.org

Where can I find the form 990 for My Money Workshop Inc?

My Money Workshop Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mymoneyworkshop.org

Learn more at the official website: www.mymoneyworkshop.org

Mission Statement of My Money Workshop Inc

My Money Workshop Inc, a nonprofit organization, is committed to educating individuals on responsible financial management. Their mission is to equip people with the knowledge and understanding necessary to make informed financial decisions, ultimately leading to the construction of prosperous financial futures. Recognizing that education alone may not prompt behavioral change, My Money Workshop Inc designs customized and individualized financial literacy workshops. These workshops aim to empower community members on their personal journey towards financial self-sufficiency. The organization collaborates with various community organizations to provide students and adults with the resources required for economic success. By educating and empowering individuals, My Money Workshop Inc enables them to effectively manage their finances.

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Impact




October, 2024

My Money Workshop Inc significantly impacts individuals and communities by providing tailored financial literacy education aimed at fostering informed money management decisions. The organization understands that mere education is insufficient to spur real behavioral change; thus, it focuses on customizing workshops that cater to the unique needs of participants. Through partnerships with schools and various community organizations—ranging from public high schools to special needs institutions, alternative schools, and correctional facilities—My Money Workshop reaches a diverse audience, equipping them with essential financial knowledge and tools.

By empowering participants to understand the implications of their financial choices, My Money Workshop helps them build positive financial futures and pursue financial self-sufficiency. This approach not only enhances individual economic success but also contributes to the overall financial stability of the communities involved, creating a ripple effect that encourages responsible money management. Each workshop is designed to inspire confidence and provide practical skills, ensuring that attendees are better prepared to navigate their financial journeys.




This information is meant to be a general summary of My Money Workshop Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$187,988 (2022)
Expenses
$201,177 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,500
  • Gross Receipts: $187,988

Assets and Liabilities:

  • Total Assets: $108,754
  • Total Liabilities: $0
  • Net Assets: $108,754

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$1,500

Organization Details

Founding Year

2009

Principal Officer

Robert Yaffa

Main Address

1202 LEXINGTON AVENUE SUITE 212, NEW YORK, NY, 10028

NTEE Category

Code: B90 - Education

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