Civic Intelligence

Financial Education Initiative

990 • Fiscal year 2019 • EIN 27-1052771

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization Profilewww.moneythink.org
1452 E 53rd StreetChicago, IL 60615

(626) 202-4850

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.25x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

59th percentile

0.06x

Higher debt load relative to revenue than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

6th percentile

-46%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$198,234

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 28.3% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

2nd percentile

-66%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-46%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$155,422

Down $314,787 (-67%) from 2017

Net Assets

Down

$116,128

Down $318,501 (-73%) from 2017

Liabilities

Up

$39,294

Up $3,714 (+10%) from 2017

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin6th percentile

Revenue

Down

$699,767

Down $188,853 (-21%) from 2017

Expenses

Down

$1,018,892

Down $235,841 (-19%) from 2017

Net Income

Up

-$319,125

Up $46,988 (+13%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2013: $44,578Liabilities 2013: $0Net Assets 2013: $44,5782013Assets 2014: $376,117Liabilities 2014: $2,491Net Assets 2014: $373,6262014Assets 2015: $627,616Liabilities 2015: $7,950Net Assets 2015: $619,6662015Assets 2016: $422,176Liabilities 2016: $5,627Net Assets 2016: $416,5492016Assets 2017: $470,209Liabilities 2017: $35,580Net Assets 2017: $434,6292017Assets 2019: $155,422Liabilities 2019: $39,294Net Assets 2019: $116,1282019Assets 2020: $1,140,905Liabilities 2020: $305,410Net Assets 2020: $835,4952020Assets 2021: $2,812,630Liabilities 2021: $675,600Net Assets 2021: $2,137,0302021Assets 2022: $1,525,712Liabilities 2022: $542,939Net Assets 2022: $982,7732022

Highlighted filing

2019

Assets$155,422
Liabilities$39,294
Net Assets$116,128
Open 2019 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $164,5562013Revenue 2014: $734,092Expenses 2014: $415,631Net Income 2014: $318,4612014Revenue 2015: $1,462,504Expenses 2015: $1,216,464Net Income 2015: $246,0402015Revenue 2016: $997,766Expenses 2016: $1,200,883Net Income 2016: -$203,1172016Revenue 2017: $888,620Expenses 2017: $1,254,733Net Income 2017: -$366,1132017Revenue 2019: $699,767Expenses 2019: $1,018,892Net Income 2019: -$319,1252019Revenue 2020: $1,484,808Expenses 2020: $765,441Net Income 2020: $719,3672020Revenue 2021: $2,607,050Expenses 2021: $1,305,515Net Income 2021: $1,301,5352021Revenue 2022: $1,996,587Expenses 2022: $2,286,220Net Income 2022: -$289,6332022

Highlighted filing

2019

Revenue$699,767
Expenses$1,018,892
Net Income-$319,125
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$699,767
Mission and Program Overview

Mission

Moneythink expands economic opportunity in the United States by equipping urban youth to believe in themselves, navigate the financial decisions of adulthood, and achieve financial prosperity. Moneythink gets young people excited about making smart financial decisions and starts them down the path toward economic success - in turn, generating a financial ripple effect through families and entire communities.

Financial education and peer mentorship to 11th and 12th graders

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$425,441$146,576▼ $278,865
Prepaid Expenses and Deferred Charges-$3,761-
Savings and Temporary Cash Investments$31,697$1,335▼ $30,362
Total Assets$460,888$155,422▼ $305,466
Other Assets Total$3,750$3,750→ $0
Liabilities
Accounts Payable and Accrued Expenses$25,635$39,294▲ $13,659
Total Liabilities$25,635$39,294▲ $13,659
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$435,253$116,128▼ $319,125
Total Net Assets Fund Balance$435,253$116,128▼ $319,125
Total Liabilities and Net Assets / Fund Balance$460,888$155,422▼ $305,466
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joshua LachsCEOFT$180,798$17,436$198,234

Board Members and Trustees

NameTitle
Gregory NanceChairman
Gary PelisserDirector
Matt TaylorDirector
Patrice BerryDirector
Sarah GordonDirector
Ted GondorDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$699,762
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$0
All Other Contributions
$699,762
Change in Net Assets
$-319,125

Audited Revenue Reconciliation

Revenue per Audited Statements
$699,767
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$699,767
Total Revenue per Form 990
$699,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$759,388
Other Expenses$259,504
Total Fundraising Expense$154,468
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$371,824$15,849$90,289$477,962
Current Officers, Directors, Trustees, and Key Employees$154,213$6,573$37,447$198,233
Information Technology$105,120$9,587$1,907$116,614
Payroll Taxes$37,066$1,505$8,989$47,560
Other Employee Benefits$23,520$946$5,702$30,168
Fees for Services Accounting$3,153$24,981$661$28,795
Fees for Services Other$24,923$3,491$67$28,481
Travel$24,370$2,322$820$27,512
Occupancy$21,128$752$5,108$26,988
Conferences and Meetings$10,823--$10,823
Insurance$798$7,013$1,699$9,510
Pension Plan Contributions$4,264$168$1,033$5,465
Office Expenses$3,859$613$623$5,095
Advertising$3,600-$120$3,720
Other Expenses$1,841--$1,841
Fees for Services Legal$14$108$3$125
Total Functional Expenses$790,516$73,908$154,468$1,018,892

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,018,892
Total Expenses per Audited Statements$1,018,892
Total Expenses per Form 990$1,018,892
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The Form 990 and related schedules were reviewed by the Board Treasurer and CEO and provided to the Board of Directors prior to filing.”

Form 990, Part VI, Section B, line 15

“Officer and key employee compensation is determined by the Compensation Committee of the Board of Directors. The Committee shall obtain comparable compensation information from salary surveys and/or known compensation paid by similarly sized and located organizations for like positions in analogous circumstances.”

Form 990, Part VI, Section C, line 19

“Governing documents and financial statements are available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Moneythink
EIN
27-1052771
Phone
6262024850
Address
1452 E 53rd Street, Chicago, IL 60615

Signing Officer

Name
Joshua Lachs
Title
Chief Executive Officer
Phone
6262024850
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Lachs
Formed
2009
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
11
Volunteers
6

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western, Chicago, IL 60643
Preparer
David J Rambo CPA
Phone
7737794720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“FIN 48 note from Audited Financial Statements Moneythink was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). Moneythink qualifies for the charitable contribution deduction under Section 170 and has been classified as an organization that is not a private foundation under Section 509(a)(1). The tax exempt purpose of Moneythink and the nature in which it operates is described above. Moneythink continues to operate in compliance with its tax exempt purpose. Moneythink's annual information returns filed with the federal and state governments are subject to examination for three years after filing.”

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0150
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58360
IRS990ScheduleA/PublicSupportPY170Pct00.56840
IRS990ScheduleA/PublicSupportTotal170Amt02788071
IRS990ScheduleA/SubstantialContributorsTotAmt01989428
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0699762
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01298462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0888616
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0892897
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0997762
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04777499
IRS990ScheduleA/TotalSupportAmt04777524
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01018892
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0699767
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 note from Audited Financial Statements Moneythink was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). Moneythink qualifies for the charitable contribution deduction under Section 170 and has been classified as an organization that is not a private foundation under Section 509(a)(1). The tax exempt purpose of Moneythink and the nature in which it operates is described above. Moneythink continues to operate in compliance with its tax exempt purpose. Moneythink's annual information returns filed with the federal and state governments are subject to examination for three years after filing.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01018892
IRS990ScheduleD/TotalRevenuePerForm990Amt0699767
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0699767
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01018892
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0180798
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04826
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012610
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Joshua Lachs
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0198234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 and related schedules were reviewed by the Board Treasurer and CEO and provided to the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Officer and key employee compensation is determined by the Compensation Committee of the Board of Directors. The Committee shall obtain comparable compensation information from salary surveys and/or known compensation paid by similarly sized and located organizations for like positions in analogous circumstances.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents and financial statements are available to the general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0155422
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IRS990/TotalContributionsAmt0699762
IRS990/TotalEmployeeCnt011
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073908
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0790516
IRS990/TotalFunctionalExpensesGrp/TotalAmt01018892
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt025635
IRS990/TotalLiabilitiesGrp/EOYAmt039294
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IRS990/TotalOtherCompensationAmt017436
IRS990/TotalProgramServiceExpensesAmt0790516
IRS990/TotalReportableCompFromOrgAmt0180798
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0155422
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0820
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01452 E 53rd Street
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060615
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.moneythink.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Joshua Lachs
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chief Executive Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum06262024850
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Moneythink
ReturnHeader/Filer/BusinessNameControlTxt0MONE
ReturnHeader/Filer/EIN0271052771
ReturnHeader/Filer/PhoneNum06262024850

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$155,422
Liabilities
$39,294
Net assets
$116,128
Revenue
$699,767
Expenses
$1,018,892
Net income
-$319,125
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.54$0.98$2.00$2.29$0.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.68$2.14$2.61$1.31$1.30
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.31$0.84$1.48$0.77$0.72
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.04$0.12$0.70$1.02$0.32
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.04$0.43$0.89$1.25$0.37
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.01$0.42$1.00$1.20$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.01$0.62$1.46$1.22$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.37$0.73$0.42$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$0.16