Civic Intelligence

Millennial Debt Foundation

990EZ • Fiscal year 2020 • EIN 84-2250005

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 23, 2021

Organization ProfileMILLENNIALDEBT.ORG
401 Chestnut Street No 226Chattanooga, TN 37402

(423) 503-8793

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

87th percentile

47%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$55,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 30.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

85th percentile

80%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

66%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Flat

$193,500

Flat from 2020

Net Assets

$193,500

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin87th percentile

Revenue

Flat

$182,500

Flat from 2020

Expenses

Flat

$96,397

Flat from 2020

Net Income

Flat

$86,103

Flat from 2020

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$800K$600K$400K$200K$0Assets 2019: $107,397Liabilities 2019: $0Net Assets 2019: $107,3972019Assets 2020: $193,500Liabilities 2020: $0Net Assets 2020: $193,5002020Assets 2020: $193,500Liabilities 2020: $02020Assets 2021: $310,212Liabilities 2021: $0Net Assets 2021: $310,2122021Assets 2022: $334,672Liabilities 2022: $0Net Assets 2022: $334,6722022Assets 2023: $239,659Liabilities 2023: $9,188Net Assets 2023: $230,4712023Assets 2024: $620,654Liabilities 2024: $4,204Net Assets 2024: $616,4502024

Highlighted filing

2020

Assets$193,500
Liabilities$0
Net Assets$193,500
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $110,000Expenses 2019: $2,603Net Income 2019: $107,3972019Revenue 2020: $182,500Expenses 2020: $96,397Net Income 2020: $86,1032020Revenue 2020: $182,500Expenses 2020: $96,397Net Income 2020: $86,1032020Revenue 2021: $350,904Expenses 2021: $234,192Net Income 2021: $116,7122021Revenue 2022: $276,290Expenses 2022: $251,830Net Income 2022: $24,4602022Revenue 2023: $447,825Expenses 2023: $552,026Net Income 2023: -$104,2012023Revenue 2024: $1,046,763Expenses 2024: $660,784Net Income 2024: $385,9792024

Highlighted filing

2020

Revenue$182,500
Expenses$96,397
Net Income$86,103
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 23, 2021
Return Version
2020v4.1
Gross Receipts
$182,500
Mission and Program Overview

Mission

The millennial debt foundation was launched in mid-2019 by tennessean weston wamp and other millennial entrepreneurs to lead a generational conversation about fiscal stewardship, the role of the federal government and america's deficit spending crisis.

Public education about national debt and federal deficit.

Program Services

DescriptionGrantsExpenses
BEGAN OUTREACH WITH MILLENNIAL BUSINESS LEADERS AND BEGAN ORGANIZATION OF RELATED EVENTS.$0$9,707
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WESTON WAMPPresidentPT$55,000-$55,000
NICK MACCODirector-$0--
TRAVIS TRUETTDirector-$0--
ADAM BOESELAGERDirector-$0--
ZACH WAMPDirector-$0--
Filing and Contact Details

Filer

Filer Name
Millennial Debt Foundation
EIN
84-2250005
Phone
4235038793
Address
401 CHESTNUT STREET NO 226, CHATTANOOGA, TN 37402

Signing Officer

Name
Thomas Weston Wamp
Title
President
Phone
4235038793
Signed
2021-09-23
Discuss with paid preparer
Yes

Preparer

Firm
Market Street Partners Pllc
Address
807 MARKET STREET, CHATTANOOGA, TN 37402
Preparer
Kyle Bryant CPA
Phone
4238031440
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: other expenses. Amount: 9,707.”

Raw XML Appendix151 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARKET STREET PARTNERS
IRS990EZ/BooksInCareOfDetail/PhoneNum04238031440
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0807 MARKET STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHATTANOOGA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd037343
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0107397
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0193500
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0182500
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt086103
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt031500
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
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IRS990EZ/GrossReceiptsAmt0182500
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0107397
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0193500
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0107397
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0193500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt015.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt055000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WESTON WAMP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NICK MACCO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TRAVIS TRUETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ADAM BOESELAGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ZACH WAMP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt09707
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0PUBLIC EDUCATION ABOUT NATIONAL DEBT AND FEDERAL DEFICIT.
IRS990EZ/PrintingPublicationsPostageAmt0190
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BEGAN OUTREACH WITH MILLENNIAL BUSINESS LEADERS AND BEGAN ORGANIZATION OF RELATED EVENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt09707
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt055000
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt096397
IRS990EZ/TotalProgramServiceExpensesAmt09707
IRS990EZ/TotalRevenueAmt0182500
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://MILLENNIALDEBT.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0182500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0110000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0292500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0198350
IRS990ScheduleA/SubstantialContributorsTotAmt094150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0182500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0110000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0292500
IRS990ScheduleA/TotalSupportAmt0292500
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: OTHER EXPENSES. AMOUNT: 9,707.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS WESTON WAMP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04235038793
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILLENNIAL DEBT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MILL
ReturnHeader/Filer/EIN0842250005
ReturnHeader/Filer/PhoneNum04235038793
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 CHESTNUT STREET NO 226
ReturnHeader/Filer/USAddress/CityNm0CHATTANOOGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037402
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0812623588
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARKET STREET PARTNERS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0807 MARKET STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHATTANOOGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037402
ReturnHeader/PreparerPersonGrp/PhoneNum04238031440
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KYLE BRYANT CPA
ReturnHeader/ReturnTs02021-09-23T09:30:42-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WESTON WAMP
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$193,500
Liabilities
$0
Net assets
$193,500
Revenue
$182,500
Expenses
$96,397
Net income
$86,103
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$1.05$0.66$0.39
2023Summary only. Only limited summary data is available for this year.$0.24$0.01$0.23$0.45$0.55$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.28$0.25$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.00$0.31$0.35$0.23$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.18$0.10$0.09
2020Summary only. Only limited summary data is available for this year.$0.19$0.00$0.18$0.10$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.11$0.00$0.11