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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Youth Development Money Magnets Club

Money Magnets Club

Fiscal year ending 2024. Filed on April 26, 2025.

2459 Wilkinson Blvd 310
Charlotte, North Carolina 28208

Money Magnets Club (EIN: 87-1776021) has filed an IRS Form 990 since fiscal year 2023. In its fiscal year 2024 IRS Form 990 filing, Money Magnets Club, a 501(c)(3) charitable organization, reported compensation for 1 out of 3 total employees. Among the employees shown here, the average compensation is $25,667. The highest compensated employee at Money Magnets Club is Alexandra Arrington with fiscal year 2024 compensation of $25,667.

Revenue, expenses, and employee compensation

Revenue

$262,394

Expenses

$113,011

Employee compensation

$44,477
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alexandra Arrington
Executive Director
$25,667
$25,667 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Ayesha Murphy
Director
Jana Sanders
Director
Jelani Hill
Director
K Alexander Roper
Director
Latoya Lowery
Treasurer
MacKenzie Wilkins
Vice President
Rashaan Peek
Chair
Ricky Robinson
Director
Teresa Cain
Secretary
Yolanda McCormick
Director

Mission Statement

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.

Revisions to this organization profile

April 26, 2025:
2024 Money Magnets Club 990 filed
March 22, 2024:
2023 Money Magnets Club 990 filed

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