Overview
What is Youth Financial Literacy Foundation?
The Youth Financial Literacy Foundation, located in Farmington Hills, Michigan, is a nonprofit organization dedicated to fostering financial literacy and knowledge. They have expanded their educational offerings to cater to learners of various ages and have encouraged a culture of giving back among their alumni. The foundation's primary purpose is to instill sound money management habits and promote lifelong learning about finances. With a team of 90 dedicated individuals, they strive to make financial understanding more accessible and relevant to a wider audience.
Official website here: www.yflfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Youth Financial Literacy Foundation has received an 81% rating from Charity Navigator, which reflects strong performance in accountability and finance. The organization scores particularly well in key areas such as having a fully independent board, no material diversion of assets, and a high program expense ratio of 86.84%, indicating that a significant portion of its funds is dedicated to its mission.
User reviews on Great Nonprofits highlight the positive impact the organization has on youth financial education. Reviewers commend the foundation for its commitment to teaching essential financial skills that are often neglected in traditional education. Many parents believe that the knowledge gained through the foundation greatly benefits their children, contributing to their financial stability and success in adulthood.
Despite the strong ratings and positive feedback, there is limited information available regarding specific programs or outreach efforts, which could provide more insight into the foundation's broader impact. Nevertheless, the general sentiment is that the organization plays a crucial role in fostering financial literacy among the younger generation, which is essential for their future success.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Youth Financial Literacy Foundation legitimate?
Youth Financial Literacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Youth Financial Literacy 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: $92,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,781,060
For more financial information, click here
Official website here: www.yflfoundation.org
What is the mission statement of Youth Financial Literacy Foundation?
The Youth Financial Literacy Foundation's mission is centered around promoting financial understanding and knowledge, encouraging the development of good money management habits, and fostering a lifelong learning approach to financial matters. The foundation aims to achieve this objective by expanding its educational offerings to cater to learners of all ages and engaging with its alumni to cultivate a culture of giving back.
Official website here: www.yflfoundation.org
Who is the CEO of Youth Financial Literacy Foundation?
Michael Curry is the President Tr of Youth Financial Literacy Foundation.
Official website here: www.yflfoundation.org
What is the revenue of Youth Financial Literacy Foundation?
Youth Financial Literacy Foundation's revenue in 2022 was $2,261,001.
Official website here: www.yflfoundation.org
Who are the executives of Youth Financial Literacy Foundation and what are their salaries?
The average compensation at Youth Financial Literacy Foundation during 2022 was $20,816. There are 90 employees at Youth Financial Literacy Foundation.
Here are 4 key members and their salaries:
- Compensation: $36,539
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $55,797
- Related: $0
- Other: $0
Official website here: www.yflfoundation.org
Where can I find the form 990 for Youth Financial Literacy Foundation?
Youth Financial Literacy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yflfoundation.org
Learn more at the official website: www.yflfoundation.org
Mission Statement of Youth Financial Literacy Foundation
The Youth Financial Literacy Foundation, as its name suggests, is dedicated to fostering financial understanding and knowledge among young individuals. Its mission is to instill sound money management habits and encourage a culture of lifelong learning in this area. The organization achieves this by expanding its educational offerings to cater to learners of various ages and engaging with its alumni to foster a spirit of giving back. By doing so, the Youth Financial Literacy Foundation aims to equip the future generation with the necessary skills to manage their finances effectively, ensuring a financially secure future.
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Impact
July, 2024
The Youth Financial Literacy Foundation has made a significant impact by promoting financial understanding and knowledge, instilling habits for sound money management, and fostering lifelong learning. Through its educational offerings for learners of all ages, the foundation has expanded its reach and scope to empower individuals with critical financial skills. Additionally, by working with alumni to cultivate a culture of giving back, the foundation is not only addressing immediate financial literacy needs but also creating a sustainable cycle of empowerment and education within the community.
This information is meant to be a general summary of Youth Financial Literacy 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $2,261,001
- Gross Receipts: $2,261,001
Assets and Liabilities:
- Total Assets: $2,768,362
- Total Liabilities: $306
- Net Assets: $2,768,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINANCIAL COUNSELING
Revenue
$2,261,001
Organization Details
Founding Year
2003
Phone
(734) 469-7150Principal Officer
Michael Curry
Main Address
37735 ENTERPRISE CT SUITE 600B, FARMINGTON HILLS, MI, 48331
Website
www.yflfoundation.orgNTEE Category
Code: A33 - Arts
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