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Asset Builders Of America Inc

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

EIN: 392005260 ✦ Madison, WI ✦ Designated as a 501(c)(3)

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Overview

What is Asset Builders Of America Inc?

Asset Builders of America Inc. is a nonprofit organization based in Madison, Wisconsin. Their primary mission is to promote financial education and wealth-building strategies for low- to moderate-income individuals and communities, aiming to enhance their quality of life. They achieve this by providing intellectual and financial opportunities, supporting other organizations involved in financial literacy, and networking with individuals, corporations, and foundations. The organization also offers professional leadership in evaluating financial education options and building consensus on related issues. Notably, they host the Financial and Investment Challenge Bowl (FICB), an educational event that teaches high school students about budgeting, credit, economics, personal finance, and investing. Approximately 900 students participate each year. With a team of one dedicated employee, Asset Builders of America Inc. works tirelessly to empower individuals and communities with financial literacy skills.


Official website here: www.assetbuilders.org

Is Asset Builders Of America Inc legitimate?

Asset Builders Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asset Builders Of America 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: $95,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.assetbuilders.org

What is the mission statement of Asset Builders Of America Inc?

Asset Builders of America Inc's mission is centered around promoting financial education and wealth-building strategies to enhance the quality of life for low- and moderate-income youth, families, and communities. The organization aims to provide intellectual and financial opportunities that develop a wealth-building capacity among individuals and communities. They also offer assistance with marketing and outreach services to support other organizations involved in economic and financial literacy efforts. Furthermore, Asset Builders of America Inc fosters networking opportunities among individuals, corporations, and foundations concerned with economic and financial literacy, and provides professional leadership to urban communities and interested parties in evaluating economic and financial education options. The organization's primary goal is to build consensus on issues related to economic and financial education that will benefit the community.


Official website here: www.assetbuilders.org

Who is the CEO of Asset Builders Of America Inc?

Richard Entenmann is the Executive Director of Asset Builders Of America Inc.


Official website here: www.assetbuilders.org

What is the revenue of Asset Builders Of America Inc?

Asset Builders Of America Inc's revenue in 2022 was $245,974.


Official website here: www.assetbuilders.org

Who are the executives of Asset Builders Of America Inc and what are their salaries?

The average compensation at Asset Builders Of America Inc during 2022 was $95,969. There is 1 employee and 250 volunteers at Asset Builders Of America Inc.


Here are 13 key members and their salaries:


Richard Entenmann (Executive Director)
  • Compensation: $97,257
  • Related: $0
  • Other: $0
Pam Anderson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Beyer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Christiansen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Laurent (Vice-Chair (Thru Mid Dec))
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Devougas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Kubek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nafessa Burdine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Vale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Roloff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Mcneil (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Barthel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colleen Woggon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.assetbuilders.org

Where can I find the form 990 for Asset Builders Of America Inc?

Asset Builders Of America Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.assetbuilders.org

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

Mission Statement of Asset Builders Of America Inc

Asset Builders of America Inc, a nonprofit organization, is committed to fostering financial education and implementing wealth-building strategies among low- to moderate-income individuals and communities. By providing intellectual and financial opportunities, the organization aims to develop a wealth-building capacity within these groups, ultimately enhancing their quality of life. Asset Builders of America Inc also supports other organizations involved in economic and financial literacy efforts, offering assistance with marketing and outreach services. Furthermore, the organization promotes networking opportunities among individuals, corporations, and foundations concerned with economic and financial literacy. Lastly, Asset Builders of America Inc provides professional leadership in evaluating economic and financial education options, building consensus on issues related to economic and financial education that will benefit the community. In summary, Asset Builders of America Inc's mission is to promote financial education and wealth-building strategies to improve the lives of low- and moderate-income youth, families, and communities.

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Impact




October, 2024

Asset Builders Of America Inc has a significant impact on the financial education and economic empowerment of low- to moderate-income individuals, particularly youth and families. By promoting and implementing wealth-building strategies, the organization enhances the quality of life for many, providing access to essential financial knowledge and skills.

One of its flagship initiatives, the Financial and Investment Challenge Bowl (FICB), engages approximately 900 high school students annually. This program not only teaches participants about critical topics such as budgeting, credit, economics, personal finance, and investing but also fosters teamwork and friendly competition. The FICB equips students with practical skills that serve them throughout their lives, empowering them to make informed financial decisions.

Furthermore, Asset Builders Of America Inc actively collaborates with other organizations, contributing to the broader efforts in economic and financial literacy. By providing support in marketing and outreach, the organization amplifies the impact of community initiatives, helping to build a network of individuals and entities committed to improving financial literacy.

Through its leadership in urban communities and advocacy for economic education, Asset Builders Of America Inc addresses pressing financial education issues and builds consensus on strategies that benefit the community as a whole. Its comprehensive approach not only equips individuals with knowledge but also fosters a collaborative environment that enhances financial literacy and wealth-building capabilities across various demographics.




This information is meant to be a general summary of Asset Builders Of America 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
$245,974 (2022)
Expenses
$245,694 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $11
  • Program Service Revenue: $4,662
  • Gross Receipts: $245,974

Assets and Liabilities:

  • Total Assets: $320,302
  • Total Liabilities: $28,553
  • Net Assets: $291,749

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Programs

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

REGISTRATION FEES

Revenue

$4,662

Organization Details

Founding Year

1999

Principal Officer

Richard Entenmann

Main Address

1213 N SHERMAN AVE 195, MADISON, WI, 537044236

NTEE Category

Code: B90 - Education

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