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Money Management International Inc

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

EIN: 541837741 ✦ Phoenix, AZ ✦ Designated as a 501(c)(3)

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Overview

What is Money Management International Inc?

Money Management International Inc is a nonprofit organization dedicated to enhancing lives by delivering top-notch financial education and counseling services. Their expertise encompasses credit, housing, and bankruptcy counseling, aiming to support individuals in need with vital resources and guidance. Their mission is to make a difference in the community by offering exceptional programs that empower people to make informed financial decisions and move towards financial stability.


Official website here: www.moneymanagement.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 96% (Four-Star out of Four Stars)

Money Management International Inc (MMI) has received a high rating of 96% from Charity Navigator, highlighting its strong performance in accountability and finance. The organization scores exceptionally well in its financial practices, with a program expense ratio of nearly 85%, reflecting its commitment to utilizing funds effectively for its core mission of assisting individuals in managing debt. Additionally, MMI shows a robust governance structure, featuring a majority of independent board members and comprehensive policies to ensure transparency and ethical conduct.

User reviews illustrate a split regarding client experiences, with many praising MMI for its effective debt management services and compassionate support. Numerous testimonials highlight success stories where clients transitioned from being overwhelmed by debt to achieving financial independence, often crediting MMI's guidance and counseling. Clients appreciate the empathetic approach of certified counselors, which has helped them regain control of their financial lives.

However, there are notable concerns raised by some users, particularly regarding their initial interactions with the organization. A critical review warns about potential issues with unauthorized charges and a lack of transparency in identity. While such experiences highlight the need for caution, they appear to be outliers compared to the overwhelmingly positive feedback MMI has received. Overall, while MMI demonstrates significant strengths in service delivery and client impact, potential clients are encouraged to approach with due diligence based on mixed feedback.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Money Management International Inc legitimate?

Money Management International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Money Management International 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: $2,283,059
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,109,831

For more financial information, click here


Official website here: www.moneymanagement.org

What is the mission statement of Money Management International Inc?

Money Management International is dedicated to enhancing people's lives by delivering top-notch financial education and counseling programs. Their mission is geared towards making a positive impact in the community. Through their range of services including credit, housing, and bankruptcy counseling, they aim to empower individuals to make informed financial decisions. Their goal is to enable people to improve their financial situations and secure a better future. By offering comprehensive financial guidance, they contribute to the betterment of communities and help individuals take control of their financial well-being.


Official website here: www.moneymanagement.org

Who is the CEO of Money Management International Inc?

Jim Triggs is the President & Ceo of Money Management International Inc. The CEO's salary of Money Management International Inc is $416,007 and their total compensation is $441,400.


Official website here: www.moneymanagement.org

What is the revenue of Money Management International Inc?

Money Management International Inc's revenue in 2022 was $37,250,721.


Official website here: www.moneymanagement.org

Who are the executives of Money Management International Inc and what are their salaries?

The average compensation at Money Management International Inc during 2022 was $63,728. There are 320 employees and 8 volunteers at Money Management International Inc.


Here are 22 key members and their salaries (Money Management International Inc's CEO's salary is $416,007 and their total compensation is $441,400):


Jim Triggs (President & Ceo)
  • Compensation: $416,007
  • Related: $0
  • Other: $25,393
Douglas Durnin (Audit Chair (Term End 12/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Ancillai (Board Resources Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Mcbride (Compensation & Investment Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Hotze (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William A Pupo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manuel Mario Perdomo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne-Marie Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Nemorin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyle Lansdell (Chief Financial Officer/Tr)
  • Compensation: $337,170
  • Related: $0
  • Other: $28,146
Michelle Jones (Chief External Affairs Off)
  • Compensation: $304,646
  • Related: $0
  • Other: $37,944
Zynda Sellers (Chief Compliance Officer/S)
  • Compensation: $259,048
  • Related: $0
  • Other: $27,213
Daniel Levine (Chief Technology Officer)
  • Compensation: $251,032
  • Related: $0
  • Other: $32,680
Thomas De Poy (Sr. Vice President, Industry Relations)
  • Compensation: $210,550
  • Related: $0
  • Other: $5,948
Jaime E Payne (Vice President Operations)
  • Compensation: $179,700
  • Related: $0
  • Other: $2,415
Christopher Fontenot (Vice President, Information T)
  • Compensation: $160,346
  • Related: $0
  • Other: $4,821
Chris T Ray (Vice President, Marketing)
  • Compensation: $149,082
  • Related: $0
  • Other: $4,482
Chelsea Louise Taylor (Sr. Vice President, Human Resources)
  • Compensation: $143,259
  • Related: $0
  • Other: $2,096
Tyra Turnquest (Sr. Director, Information Technology)
  • Compensation: $142,450
  • Related: $0
  • Other: $4,024
Matthew Kirk Mueller (Director, Information Technology)
  • Compensation: $141,665
  • Related: $0
  • Other: $4,000
Navitha Vasu (Manager, Information Technology)
  • Compensation: $138,901
  • Related: $0
  • Other: $1,836
Anthony Scataglia End 1021 (Former Chief Operating Officer)
  • Compensation: $146,455
  • Related: $0
  • Other: $14,697


Official website here: www.moneymanagement.org

Where can I find the form 990 for Money Management International Inc?

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


Official website here: www.moneymanagement.org

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

Mission Statement of Money Management International Inc

Money Management International, a leading nonprofit organization, is dedicated to enriching lives by delivering top-notch financial education and counseling programs. Their primary objective is to make a difference in the community through various initiatives focusing on credit, housing, and bankruptcy counseling. By providing these essential services, Money Management International empowers individuals to take control of their financial situations and secure a better future.

The mission of Money Management International is multi-faceted. At its core, it aims to enhance the lives of people by imparting valuable financial knowledge. Through its comprehensive education and counseling programs, Money Management International equips individuals with the necessary skills and resources to manage their finances effectively. By doing so, it enables them to make informed decisions about credit, housing, and even bankruptcy, ultimately improving their financial health and wellbeing.

Money Management International's approach to financial education is both holistic and accessible. By providing a range of services tailored to different financial needs, it caters to a diverse clientele. Whether someone is struggling with credit issues, facing housing challenges, or considering bankruptcy, Money Management International offers guidance and support to help them navigate these complex financial landscapes. By improving financial literacy and empowering individuals with the tools they need to succeed, Money Management International is making a lasting impact on the lives of countless individuals and families.

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Impact




October, 2024

Money Management International Inc significantly impacts the community by offering exceptional financial education and counseling programs. By addressing key areas such as credit, housing, and bankruptcy counseling, the organization empowers individuals to make informed financial decisions. This support not only helps individuals manage their resources more effectively but also enhances overall community well-being.

With a mission centered on improving lives through financial education, Money Management International plays a crucial role in fostering financial literacy, enabling people to navigate complex financial situations, and ultimately promoting greater economic stability. Their efforts help to alleviate financial stress, prevent crises, and build a foundation for long-term financial health within the Phoenix community and beyond.




This information is meant to be a general summary of Money Management International 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
$37,250,721 (2022)
Expenses
$39,688,089 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $391,230
  • Program Service Revenue: $23,448,084
  • Gross Receipts: $43,014,293

Assets and Liabilities:

  • Total Assets: $39,941,484
  • Total Liabilities: $13,157,994
  • Net Assets: $26,783,490

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Programs

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

BUDGET AND DEBT COUNSELING

Revenue

$15,253,657

HOUSING COUNSELING

Revenue

$6,498,281

AGENCY SUPPORT SERVICES

Revenue

$964,021

BANKRUPTCY COUNSELING

Revenue

$729,328

STUDENT SERVICES

Revenue

$2,797

Organization Details

Founding Year

2002

Principal Officer

Jim Triggs

Main Address

2401 W PEORIA 120, PHOENIX, AZ, 85029

NTEE Category

Code: P51 - Human services

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