2023-07-20T08:54:25-05:00 2022-12-31 363321958 Desmond & Ahern Ltd 10827 S Western Ave Chicago IL 60643 990 2022-01-01 271052771 Moneythink MONE 6262024850 1452 E 53rd Street Chicago IL 60615 Joshua Lachs Chief Executive Officer 6262024850 2023-07-20 1 Joshua Lachs 999009999 0 Jason L Gierhahn P02385275 7737794720 2023-07-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Joshua Lachs 1452 E 53rd Street Chicago IL 60615 1996587 0 X www.moneythink.org X 2009 IL Financial education and peer mentorship to 11th and 12th graders 6 6 18 47 0 0 2606956 1996489 0 0 94 98 0 0 2607050 1996587 0 0 0 0 855078 1445545 0 0 218735 450437 840675 1305515 2286220 1301535 -289633 2812630 1525712 675600 542939 2137030 982773 X Moneythink empowers college bound students, particularly institutionally underserved students, to achieve success by supporting financial decision-making through transparency and technology. 0 0 1916275 Moneythink helps promote economic equity by empowering students to make informed financial choices. With expertise built on years of experience collaborating with students, college advisors and high schools, Moneythink takes inventory of outcomes and feedback to guide students on their financial journeys. Our technology expands our ability to reduce student debt: offering students, families, and their advisors free guides and tools, like DecidED. DecidED is a web-based app that helps students learn about their college options and compare the affordability of financial aid offers against other criteria, such as graduation rates. By providing clear and factual information, DecidED encourages students to enroll at affordable schools where they have the greatest chance of graduating with the least amount of debt. DecidED is free and was designed with the needs of institutionally underserved students and their existing support systems in mind. Once students see their choices and clearly understand their associated costs, they can achieve success at all stages and more directly shape their futures. 1916275 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 IL X Joshua Lachs 5106260770 100 S State Street 4th Floor Chicago IL 60603 Gregory Nance Chairman 6.00 X X 0 0 0 Leigh Phillips Director 5.00 X 0 0 0 Matt Taylor Director 5.00 X 0 0 0 Patrice Berry Secretary 6.00 X X 0 0 0 Gary Pelissier Treasurer 6.00 X X 0 0 0 R Jerry Nemorin Director 5.00 X 0 0 0 Meera Iyer Director 5.00 X 0 0 0 Joshua Lachs CEO 40.00 X 228444 0 14623 Sara O'Hearn VP of Product 40.00 X 169543 0 17796 Alexandra Shiluk VP of Operations 40.00 X 114396 0 11053 Benjamin May API Product Manager 40.00 X 101407 0 12036 Hannah Smith VP of Partnerships 40.00 X 117220 0 17560 731010 0 73068 5 0 1 0 0 135125 1861364 1996489 98 98 1996587 0 0 98 X 243067 201952 9085 32030 1000090 830925 37380 131785 29036 24097 1262 3677 82007 68058 3567 10382 91345 75719 3417 12209 4182 4182 35381 35381 461331 433450 20308 7573 29621 29267 104 250 4519 372 3683 464 57558 38394 4724 14440 7516 308 7195 13 19634 15587 246 3801 12023 11395 214 414 17000 17000 181395 180300 292 803 10515 6451 3170 894 2286220 1916275 151210 218735 1023270 654372 500464 500563 884624 22484 5930 655255 290408 381788 364847 2812630 1525712 40475 42939 635125 500000 675600 542939 X 255406 -90258 1881624 1073031 2137030 982773 2812630 1525712 X -289633 -864624 X X 0 1 X 1 0 X 1298462 699762 1484773 1742332 1996489 7221818 1298462 699762 1484773 1742332 1996489 7221818 3488118 3733700 10 5 35 94 98 242 7222060 150 0.51700 0.56860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 655255 290408 364847 364847 SBA EIDL loan 500000 500000 X 1998034 1447 1447 1996587 0 1996587 2287667 1447 1447 2286220 0 2286220 Part X, Line 2: FIN 48 note from Audited Financial Statements Moneythink was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). Moneythink qualifies for the charitable contribution deduction under Section 170 and has been classified as an organization that is not a private foundation under Section 509(a)(1). The tax exempt purpose of Moneythink and the nature in which it operates is described above. Moneythink continues to operate in compliance with its tax exempt purpose. Moneythink's annual information returns filed with the federal and state governments are subject to examination for three years after filing. X X 0 0 0 0 0 0 0 0 0 Joshua Lachs CEO 228444 0 0 0 0 0 3712 0 10911 0 243067 0 0 0 Sara O'Hearn VP of Product 169543 0 0 0 0 0 4870 0 12926 0 187339 0 0 0 Form 990, Part VI, Section B, line 11b The Form 990 and related schedules were reviewed by the Board Treasurer and CEO and provided to the Board of Directors prior to filing. Form 990, Part VI, Section B, line 15 Officer and key employee compensation is determined by the Compensation Committee of the Board of Directors. The Committee shall obtain comparable compensation information from salary surveys and/or known compensation paid by similarly sized and located organizations for like positions in analogous circumstances. Form 990, Part VI, Section C, line 19 Governing documents and financial statements are available to the general public upon request. Form 990, Part IX, line 11g Consulting: Program service expenses 430,408. Management and general expenses 15,841. Fundraising expenses 7,006. Total expenses 453,255. Professional Development: Program service expenses 0. Management and general expenses 4,206. Fundraising expenses 95. Total expenses 4,301. Payroll processing: Program service expenses 3,042. Management and general expenses 261. Fundraising expenses 472. Total expenses 3,775. Form 990, Part XI, line 9: Correction of error in recording grants from prior year -864,624. Form 990, Part XII, line 2c: The process has not changed from the prior year.