Overview
What is Money Management Education Associates Inc?
Money Management Education Associates Inc, based in Menasha, Wisconsin, is a nonprofit organization dedicated to helping individuals and families manage their finances effectively. They specialize in serving individuals who receive social security, veterans' benefits, or pensions and struggle with financial management. Their services include managing bills, personal spending, and dealing with creditors. This assistance can often be coupled with additional financial counseling through Goodwill NCW. In 2022, they served 416 individuals through this program, focusing on personal finance programs that aim to foster financial stability.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
Money Management Education Associates Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is derived solely from a single beacon score, which reflects the charity's commitment to transparency and responsible financial practices.
The organization boasts a fully independent board, with 92% of its members being independent, ensuring a governance structure that minimizes conflicts of interest. Additionally, there have been no reported material diversions of assets, which is a positive sign of financial integrity. The charity has established comprehensive policies, including those for conflict of interest and whistleblower protection, which further enhance its accountability.
While the organization scored exceptionally well in areas of governance and program expenses, achieving a program expense ratio of 100%, it is important to note that the overall score is based exclusively on accountability and finance without an assessment of other operational facets. This focus could indicate potential limitations in areas such as program effectiveness or community impact that are not reflected in the rating.
This AI summary has been generated from information found on Charity Navigator.
Is Money Management Education Associates Inc legitimate?
Money Management Education Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Money Management Education Associates 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: $118,340
For more financial information, click here
What is the mission statement of Money Management Education Associates Inc?
Money Management Education Associates Inc's mission is centered around assisting individuals and families in managing their personal finances, ultimately leading to financial stability. This non-profit organization aims to help individuals who receive social security, veterans' benefits, or pensions, often finding it challenging to manage their finances efficiently. They offer services such as bill management, personal spending guidance, and interaction with creditors. These financial aid services can be supplemented with additional financial counseling through Goodwill NCW. In 2022, this program served 416 individuals, demonstrating its impact on financial stability for many.
Who is the CEO of Money Management Education Associates Inc?
Chris Hess is the Principal Officer of Money Management Education Associates Inc. The CEO's salary of Money Management Education Associates Inc is $0 and their total compensation is $386,049.
What is the revenue of Money Management Education Associates Inc?
Money Management Education Associates Inc's revenue in 2022 was $207,443.
Who are the executives of Money Management Education Associates Inc and what are their salaries?
There 12 volunteers at Money Management Education Associates Inc.
Here are 14 key members and their salaries (Money Management Education Associates Inc's CEO's salary is $0 and their total compensation is $386,049):
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- Related: $343,561
- Other: $42,488
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- Related: $239,666
- Other: $13,996
Where can I find the form 990 for Money Management Education Associates Inc?
Money Management Education Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Money Management Education Associates Inc
Money Management Education Associates Inc, as a nonprofit organization, is dedicated to assisting individuals and families in achieving financial stability. Their mission is centered around providing personal finance programs that empower people to overcome the barriers they face in managing their finances. This nonprofit serves individuals who receive social security, veterans' benefits, or pensions and find themselves struggling with financial management.
The programs offered by Money Management Education Associates Inc encompass various services designed to help individuals gain control over their finances. These services include the management of bill payments, personal spending, and communication with creditors. This comprehensive approach to financial management can be further supplemented with additional financial counseling services provided in collaboration with Goodwill NCW.
In 2022, Money Management Education Associates Inc served 416 individuals through this program. This demonstrates the significant impact this nonprofit has on the lives of those who seek its assistance, providing them with the tools and support they need to achieve financial stability. By offering these essential services, Money Management Education Associates Inc plays a crucial role in helping individuals and families take charge of their financial future, ultimately improving their overall well-being.
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Impact
October, 2024
Money Management Education Associates Inc (MMEA) plays a crucial role in promoting financial stability among individuals and families facing economic challenges. By providing targeted personal finance programs, MMEA addresses the significant barriers to employment that many people encounter due to financial mismanagement.
In 2022, MMEA served 416 individuals, focusing on those receiving Social Security, Veterans' benefits, or pensions—populations often vulnerable to financial distress. The organization offers essential services such as bill payment management, personal spending oversight, and assistance in communicating with creditors. This support empowers clients to take control of their finances, fostering a sense of stability that is foundational for personal and professional growth.
Moreover, in collaboration with Goodwill NCW, MMEA enhances its offerings by providing additional financial counseling, thereby increasing the breadth of support available to clients. Through its comprehensive approach, MMEA not only helps individuals manage their immediate financial concerns but also equips them with the tools and knowledge necessary to achieve long-term financial independence.
This information is meant to be a general summary of Money Management Education Associates 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $207,344
- Gross Receipts: $207,443
Assets and Liabilities:
- Total Assets: $1,097,323
- Total Liabilities: $922,582
- Net Assets: $174,741
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$207,344
Organization Details
Founding Year
2000
Phone
(920) 731-6601Principal Officer
Chris Hess
Main Address
1800 APPLETON ROAD, MENASHA, WI, 54952
NTEE Category
Code: T70 - Philanthropy
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