Overview
What is Personal Money Management?
Personal Money Management is a nonprofit organization that offers financial aid and education to approximately 250 clients. They specialize in acting as a representative payee for individuals with mental health issues and the elderly, ensuring their financial well-being. Additionally, Personal Money Management provides debt management services, assisting in managing credit card debts, medical bills, and collection issues. Their mission is to empower individuals with the financial knowledge and resources necessary to maintain financial stability.
Is Personal Money Management legitimate?
Personal Money Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Personal Money Management submitted a form 990EZ, 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.
What is the mission statement of Personal Money Management?
Personal Money Management's mission is centered around providing financial assistance and education. They serve approximately 250 clients, offering counseling services to help them manage their finances effectively. In addition, Personal Money Management acts as a representative payee for mentally ill and elderly individuals, ensuring their financial well-being. Furthermore, the organization offers debt management services, addressing issues such as credit card debt, medical bills, and collections, to help individuals overcome financial difficulties.
Who is the CEO of Personal Money Management?
Jennifer Peterson-Ross is the President of Personal Money Management.
What is the revenue of Personal Money Management?
Personal Money Management's revenue in 2022 was $153,384.
Who are the executives of Personal Money Management and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990EZ for Personal Money Management?
Personal Money Management's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Personal Money Management
Personal Money Management, as a nonprofit organization, is dedicated to providing financial counseling and education services. They cater to a clientele of approximately 250 individuals, offering guidance and support in various financial matters. In addition to their counseling services, Personal Money Management assumes the role of a representative payee for mentally ill and elderly individuals, ensuring their financial needs are met. Furthermore, this organization offers debt management solutions, addressing issues such as credit card debt, medical bills, and collections. By providing these services, Personal Money Management aims to empower individuals in managing their finances effectively.
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Impact
October, 2024
Personal Money Management has a significant impact on individuals and the community by offering essential financial counseling and education services. Serving approximately 250 clients, the organization addresses critical financial challenges faced by vulnerable populations, including the mentally ill and elderly. By acting as a representative payee, they provide vital support for clients who may struggle to manage their finances independently, ensuring that essential expenses are covered.
Their debt management services also play a crucial role in helping clients navigate the complexities of credit card debt, medical bills, and collections. By offering personalized financial guidance, Personal Money Management empowers clients to understand their financial situations better, develop actionable plans to reduce debt, and cultivate healthier financial habits. This holistic approach not only enhances the financial well-being of individuals but also contributes to the overall economic stability of the community in Crookston, MN. Through education and tailored support, Personal Money Management fosters financial literacy, independence, and dignity for those it serves.
This information is meant to be a general summary of Personal Money Management. 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.
- Investment Income: $13
- Program Service Revenue: $153,371
- Gross Receipts: $153,384
Assets and Liabilities:
- Total Assets: $19,448
- Total Liabilities: $0
- Net Assets: $19,448
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Organization Details
Phone
(218) 281-3656Principal Officer
Jennifer Peterson-Ross
Main Address
PO BOX 25, CROOKSTON, MN, 56716
NTEE Category
Code: B50 - Education
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