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Filing year 2024

Money Magnets Club

Charlotte, North Carolina·EIN 87-1776021·NTEE O53 · Youth Development·3
Total revenue
$262k
Total assets
$226k
Total expenses
$113k
Reported officers
11
Mission

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

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.

Browse compensation in Youth Development

Pay in context

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%.

This organization (2024)
23%
Sector median
11%
Middle half of sector
5% to 21%

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.

$16k
2023
$26k
2024
In today's dollarsEst.
Up 56% in real terms$17k to $27k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

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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