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LANGUAGES OF MONEY INSTITUTE INCORPORATED
Bay Shore, NY · EIN 920765399 · Form 990 · FY2024 · NTEE O53 · Youth Development · Small ($100K-$1M)
revenue
$284K
expenses
$243K
net assets
$42K
employees
0
volunteers
1
program ratio
99%
mission · from form 990

The Languages of Money Institute is dedicated to promoting a cohesive and supporting platform to encourage the community to contribute to needs of young and older individuals around the education of savings personal finance businessentrepreneurship life skills and literacy

profile · synthesized from sources

The Languages of Money Institute promotes financial literacy, personal finance education, and life skills for youth and older individuals. Based in Bay Shore, NY, it supports community-driven initiatives through fiscal sponsorship and capacity-building for emerging nonprofits. The organization focuses on entrepreneurship, savings, and financial awareness, primarily by enabling other groups working in this space.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $90K
    Fiscal Sponsorship - Languages of Money Institute (LOMI) provides fiscal sponsorship to groups aligned with its mission to support financial literacy and awareness projects offered by emerging nonprofits. In 2024, we managed a grant in the support of launching financial empowerment solutions in Philadelphia, PA.
named programs · 1 · from sources

What they call their work

Fiscal Sponsorship
Provides fiscal sponsorship to emerging nonprofits aligned with financial literacy, entrepreneurship, and life skills education; enables grant access and administrative support
activities · 2 groups

What they do

  • Nonprofit Capacity Building Services 1 activity
    • Fiscal sponsorship for financial literacy nonprofits
      Provides fiscal sponsorship to emerging nonprofits focused on financial literacy and awareness, enabling them to operate while they develop independent capacity.
  • Flexible Grants to Grassroots Organizations 1 activity
    • Funding financial literacy initiatives
      Expended $90,000 in program expenses and awarded $100,000 in grants to support financial literacy initiatives, including a grant to launch financial empowerment solutions in Philadelphia, PA in 2024.
financials · form 990 · fy2024
revenue
Total revenue$284K
Contributions & grants$240K85%
Program service revenue$44K15%
Investment income$00%
Other revenue$0
expenses
Total expenses$243K
Program expenses99%
Admin / overhead1%
Fundraising0%
Salaries & benefits$0
Grants paid out$90K
Largest expense lineProfessional Fees
balance sheet
Total assets$42K
Cash$42K
Investments$0
Liabilities$0
Net assets$42K
Liquid reserves2.1 mo
1 years on record · 2024–2024
leadership · form 990 part vii · fy2024

Who runs it

board members · 1
  • TREVOR JACKSON — DIRECTOR
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Fiscal Sponsorship for Emerging Nonprofits
    methodology: fiscal_sponsorship
    By providing fiscal sponsorship, we enable emerging nonprofits to access funding and operational infrastructure, because having a legal and financial backbone allows nascent organizations to launch and scale without the burden of establishing independent 501(c)(3) status.