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3 To 1 Foundation

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

EIN: 752731283 ✦ Frisco, TX ✦ Designated as a 501(c)(3)

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Overview

What is 3 To 1 Foundation?

The 3 To 1 Foundation, situated in Frisco, Texas, is a nonprofit organization dedicated to serving its community. Their primary mission involves conducting educational seminars aimed at empowering individuals with financial literacy skills. These seminars cover various topics such as budgeting, financial goal setting, debt management, investment basics, wealth accumulation, and wealth management. The organization extends its reach to high school students, introducing them to potential careers in accounting, tax, banking, financial planning, and investment advising. Furthermore, the 3 To 1 Foundation offers need- and academically-based scholarships to college students to support their higher education. With a team of two dedicated individuals, the foundation strives to make a significant impact in financial education and advancement.


Official website here: www.3to1foundation.org

Is 3 To 1 Foundation legitimate?

3 To 1 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 3 To 1 Foundation 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: $56,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,928

For more financial information, click here


Official website here: www.3to1foundation.org

What is the mission statement of 3 To 1 Foundation?

The 3 To 1 Foundation's mission is centered around serving the community. They achieve this by offering financial seminars and providing essential tools for budgeting, financial goal setting, debt management, investment basics, wealth accumulation, and wealth management. The organization additionally offers need-based and academic scholarships for college students. These seminars often include information about careers in accounting, tax, banking, financial planning, and investment advising, specifically targeting high school students. The foundation's philanthropic efforts extend to financially supporting college students through scholarships.


Official website here: www.3to1foundation.org

Who is the CEO of 3 To 1 Foundation?

Darrell Cain is the Pres/Board Chairman of 3 To 1 Foundation.


Official website here: www.3to1foundation.org

What is the revenue of 3 To 1 Foundation?

3 To 1 Foundation's revenue in 2022 was $148,687.


Official website here: www.3to1foundation.org

Who are the executives of 3 To 1 Foundation and what are their salaries?

The average compensation at 3 To 1 Foundation during 2022 was $30,964. There are 2 employees and 20 volunteers at 3 To 1 Foundation.


Here are 13 key members and their salaries:


Darrell Cain (Pres/Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Rosenberg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Baird (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Toni Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Chillemi Ii (Vice Pres/Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Lane (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Dominick (Foundation Director)
  • Compensation: $57,000
  • Related: $0
  • Other: $0
Kimberly Mcbrayer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Pierce (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zane Harris (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hannah Hendricks (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Saunders (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.3to1foundation.org

Where can I find the form 990 for 3 To 1 Foundation?

3 To 1 Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.3to1foundation.org

Learn more at the official website: www.3to1foundation.org

Mission Statement of 3 To 1 Foundation

The 3 To 1 Foundation is committed to serving the community by offering financial seminars and resources. Their mission is twofold: firstly, to provide educational tools for budgeting, financial goal setting, debt management, investment basics, wealth accumulation, and wealth management. Secondly, they offer need- and academically-based scholarships for college students. Through their seminars, they equip individuals with valuable financial skills, including careers in accounting, tax, banking, financial planning, and investment advising. In addition to these seminars, the foundation also awards scholarships to deserving college students. By providing these financial resources, the 3 To 1 Foundation aims to empower its community and help individuals achieve their financial goals.

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Impact




October, 2024

3 To 1 Foundation significantly impacts the community by equipping individuals with essential financial knowledge and resources. Through a series of comprehensive seminars, it provides attendees with tools for budgeting, financial goal setting, debt management, investment basics, wealth accumulation, and wealth management. These initiatives empower participants to take control of their financial futures and make informed decisions.

The foundation also focuses on the younger generation, conducting workshops for high school students that not only cover essential financial topics but also introduce them to careers in fields like accounting, banking, and financial planning. This early awareness can guide students in making informed academic and career choices.

In addition to educational initiatives, the foundation provides need- and academic-based scholarships for college students, further supporting their pursuit of higher education. By fostering financial literacy and facilitating access to education, 3 To 1 Foundation is positively transforming lives and strengthening the economic foundation of the community in Frisco, TX.




This information is meant to be a general summary of 3 To 1 Foundation. 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
$148,687 (2022)
Expenses
$117,045 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $46,644
  • Program Service Revenue: $1,025
  • Gross Receipts: $178,976

Assets and Liabilities:

  • Total Assets: $1,071,103
  • Total Liabilities: $0
  • Net Assets: $1,071,103

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Programs

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

FINANCIAL SEMINARS

Revenue

$1,025

Organization Details

Founding Year

1997

Principal Officer

Darrell Cain

Main Address

17 COWBOYS WAY 300, FRISCO, TX, 75034

NTEE Category

Code: T50 - Philanthropy

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