To serve as a community that encourages entrepreneurship and financial literacy among elementary school kids and their responsible adults through education, exposure, and resources, to build generational wealth.
Executive compensation
Form 990 · Schedule J · 1 reported individual · Filing year 2024
| Position | Total |
|---|---|
Executive Dir. Officer (Unspecified) | $26k $27k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 10 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at Money Magnets Club equaled 23% of the organization's total expenses. The median for youth development organizations is 11%.
Based on 5,115 youth development organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 60%
from 2023
From $16k in 2023 to $26k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Money Magnets Club
What are Money Magnets Club's revenue and expenses?
In 2024, Money Magnets Club reported $262k in total revenue and $113k in total expenses on its IRS Form 990.
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