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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 2023. Filed on March 22, 2024.

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 2023 IRS Form 990 filing, Money Magnets Club, a 501(c)(3) charitable organization, reported compensation for 8 employees. Among the employees shown here, the average compensation is $16,000. The highest compensated employee at Money Magnets Club is Alexandra Arrington with fiscal year 2023 compensation of $16,000.

Revenue, expenses, and employee compensation

Revenue

$117,915

Expenses

$53,528

Employee compensation

$26,306
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alexandra Arrington
Executive Director
$16,000
$16,000 No related compNo other comp
Steven L Stack
President
$0
Latoya Lowery
Treasurer
$0
Ricky Robinson
Director
$0
Teresa Cain
Secretary
$0
Ashley Wright
Director
$0
Free Nixon
Vice President
$0
Rashaan Peek
Director
$0

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

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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