NonprofitsPenny Forward Inc

Human Services

Penny Forward Inc

MINNEAPOLIS, MN

Total revenue

$199K

Total expenses

$180K

Net assets

$53K

Grants received

$120K

3 grants

EIN

872376924

Tax year

2024

Mission

Penny Forward is a 501C3 nonprofit organization founded and led by blind people. Through education mentoring and mutual support we help each other learn to confidently navigate the complicated landscape of personal finance. We offer self-paced online financial education courses weekly and monthly personal finance workshops and one to one financial counseling provided by blind financial counselors.

Financials

FY 2024

Revenue

Contributions & grants$123K
Program service revenue$68K
Investment income
Other revenue$943
Total revenue$199K

Expenses

Grants paid
Salaries & benefits$45K
Fundraising
Other expenses$43K
Total expenses$180K
Total assets$61K
Net assets$53K

People

7 listed

NameRoleCompensation

{"_":"Christopher Peterson","attributes":{"referenceDocumentName":"CompensationExplanation"}}

CEO and President

Board

$14K

40 hrs/wk

{"_":"Monica Carpenter","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Board Member

Board

$12K

10 hrs/wk

{"_":"Elizabeth Bottner","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Vice President

Board

10 hrs/wk

{"_":"Kane Brolin","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Board Member

Board

5 hrs/wk

{"_":"Marty Sobo","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Board Member

Board

5 hrs/wk

{"_":"Cody Bair","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Treasurer

Board

10 hrs/wk

{"_":"Charles Yarberry","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Secretary

Board

10 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$50K
General Support
2024
$50K
PENNY FORWARD INTRODUCTION TO INVESTING
2024
$20K
General Support
2023

Funded by

$120K from 2 funders · 3 grants · 2023–2024

Thrivent Financial for Lutherans

$70K · 2 grants · 2023–2024

Nasdaq Educational Foundation Inc

$50K · 1 grant · 2024

Details

EIN872376924
NTEE codeP86
Subsection03
Ruling date2023-05
PENNY FORWARD INC — Mission, Financials & Grants Received | Grantivo