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Pennies On Purpose

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

EIN: 813500163 ✦ Redding, CA ✦ Designated as a 501(c)(3)

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Overview

What is Pennies On Purpose?

Pennies On Purpose is a dedicated nonprofit organization that focuses on fostering financial literacy among 4th and 8th grade students in two specific counties. They accomplish this by conducting educational programs at ten schools. Beyond this, Pennies On Purpose also organizes an event called Lemonade Day, which serves to stimulate entrepreneurial aspirations among youth. Their mission is to empower young minds with essential financial skills and encourage them to explore the world of business.


Official website here: www.penniesonpurpose.net

Is Pennies On Purpose legitimate?

Pennies On Purpose is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennies On Purpose 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.


Official website here: www.penniesonpurpose.net

What is the mission statement of Pennies On Purpose?

Pennies On Purpose, as an organization, focuses on promoting financial literacy education. They specifically target 4th and 8th grade students in two counties, reaching out to ten different schools. Beyond this, they also organize an initiative called Lemonade Day, which aims to foster entrepreneurial spirit among the youth. In essence, Pennies On Purpose is committed to equipping young learners with financial knowledge and encouraging them to explore entrepreneurial ventures.


Official website here: www.penniesonpurpose.net

Who is the CEO of Pennies On Purpose?

Patricia Funk is the President of Pennies On Purpose.


Official website here: www.penniesonpurpose.net

What is the revenue of Pennies On Purpose?

Pennies On Purpose's revenue in 2022 was $93,813.


Official website here: www.penniesonpurpose.net

Who are the executives of Pennies On Purpose and what are their salaries?


Here are 4 key members and their salaries:


Patricia Funk (President)
  • Compensation: $41,369
  • Related: $0
  • Other: $0
Nancy Funk (Secretarytreasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Urriolagoitia Miner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Briana Hutsell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.penniesonpurpose.net

Where can I find the form 990EZ for Pennies On Purpose?

Pennies On Purpose's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.penniesonpurpose.net

Learn more at the official website: www.penniesonpurpose.net

Mission Statement of Pennies On Purpose

Pennies On Purpose, a nonprofit organization, is committed to fostering financial literacy education among 4th and 8th grade students in two distinct counties. They accomplish this by establishing a presence in ten different schools, where they impart crucial financial skills to these students. Besides promoting financial education, Pennies On Purpose also organizes Lemonade Day, an initiative designed to stimulate entrepreneurial spirit among the youth. This event encourages young individuals to engage in business activities, providing them with a hands-on experience in the realm of entrepreneurship.

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Impact




October, 2024

Pennies On Purpose significantly impacts the communities it serves by promoting financial literacy education among 4th and 8th grade students in two counties across 10 different schools. This initiative equips young learners with essential financial skills, fostering a foundational understanding of money management and financial decision-making that can benefit them throughout their lives.

Moreover, the organization organizes Lemonade Day, an engaging event designed to inspire entrepreneurship among youth. Through this program, students gain practical experience in running a business, from planning and budgeting to executing their sales. This hands-on approach not only enhances their entrepreneurial skills but also instills confidence and encourages self-sufficiency.

Overall, Pennies On Purpose's efforts play a crucial role in youth development, empowering the next generation with the knowledge and tools they need to navigate their financial futures successfully.




This information is meant to be a general summary of Pennies On Purpose. 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
$93,813 (2022)
Expenses
$92,177 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $10,000
  • Gross Receipts: $93,813

Assets and Liabilities:

  • Total Assets: $47,965
  • Total Liabilities: $34,037
  • Net Assets: $13,928

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Organization Details

Principal Officer

Patricia Funk

Main Address

5139 BOGIE LANE, Redding, CA, 96002

NTEE Category

Code: O50 - Youth development

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