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FINANCIAL LITERACY CLUB INC

NEW YORK, NY · EIN 862888696 · Form 990EZ · FY2024 · NTEE B20 · Education · Micro (<$100K) · financialliteracyclub.org
revenue
$2K
expenses
$3K
net assets
$4K
employees
mission · from form 990

DEVOTION TO FINANCIAL LITERACY EDUCATION FOR HIGH STUDENTS, THROUGH NEWSLETTERS,ZOOM PANELS,EDUCATIONAL RECOURCES, PODCASTS AND INTERACTIVE PROGRAMS.

profile · synthesized from sources

Financial Literacy Club Inc is a nonprofit organization dedicated to improving financial literacy among high school and college students, with a focus on addressing inequities for low-income and underrepresented minority students. The organization delivers educational content through student-written newsletters, podcasts, webinars with industry professionals, and interactive programs. It also runs a stock simulator competition and offers scholarship opportunities to promote financial education and opportunity for all.

named programs · 5 · from sources

What they call their work

Personal Finance Guide
Educational resource covering budgeting, credit, student loans, taxes, insurance, and retirement savings
Scholarship Fund
Annual $2,500 scholarship awarded to a high school student who exemplifies the organization’s mission of financial empowerment
Stock Simulator Competition
6-week online competition for high school and college students using a simulated stock trading platform; features cash prizes of $1,000, $500, and $200 for top performers
The Financial Literacy Chat
Podcast series featuring interviews with financial professionals discussing personal finance, investing, and market trends
The Warrant
Student-run financial newsletter featuring articles on investing, budgeting, student loans, and market trends written by students for students
activities · 4 groups

What they do

  • Financial Literacy Education Programs 2 activities
    • Deliver financial literacy education to high school students through multimedia content
      Provides financial literacy education to high school students using newsletters, Zoom panels, podcasts, infographics, and interactive programs. Content is created and delivered through a multimedia approach to engage student audiences.
    • Produce and distribute educational guides and e-books on financing education and personal finance
      Creates and distributes educational resources including a personal finance guide covering budgeting, credit, loans, taxes, insurance, and savings, as well as an e-book titled "Financing Your Education" and a dedicated guide on student loans.
  • Local High School Scholarship Programs 1 activity
    • Award scholarships to high school students
      Provides a $2,500 scholarship to one high school student annually to support educational advancement.
  • Youth Entrepreneurship & Financial Literacy Education 1 activity
    • Conduct stock simulator competitions for students with cash prizes
      Organizes a 6-week stock simulator competition for high school students, awarding cash prizes of $1,000, $500, and $200 to top performers based on net gain.
  • Student Career Readiness and Internship Placement 1 activity
    • Host open-access webinars connecting high school students with industry professionals
      Organizes and hosts webinars featuring industry professionals to connect high school students, particularly those from disadvantaged backgrounds, with professional networks and real-world financial expertise.
financials · form 990EZ · fy2024
revenue
Total revenue$2K
Contributions & grants$2K100%
Program service revenue
Investment income
Other revenue
expenses
Total expenses$3K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out
balance sheet
Total assets$4K
Cash
Investments
Liabilities
Net assets$4K
2 years on record · 2023–2024 · YoY revenue +655.4%
relationships · 5

Who they work with

  • Charles Schwab Foundation Government — Cited as a source for financial literacy data and aligned with its mission of extending financial education opportunities.
  • Charles Schwab Foundation Partner — Collaborates with or references expertise from the Charles Schwab Foundation in promoting financial literacy.
  • Instagram Partner — Platform used to share infographics and engage with students.
  • Instagram Partner — Uses Instagram for outreach and engagement.
  • Wilmington Trust Partner — Collaborates with Wilmington Trust professionals as featured guests on the podcast.
strategies · 3

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.

  • Equity-Centered Access Model
    methodology: equity_centered_outreach
    By providing universal access to financial literacy resources across socioeconomic and racial lines, we produce more equitable financial outcomes because systemic inequities in financial education are addressed through inclusive, targeted programming.
  • Multimedia and Experiential Learning Integration
    methodology: multimedia_experiential_learning
    By delivering financial literacy through multimedia formats and experiential simulations, we produce deeper engagement and retention because diverse learning styles and hands-on practice are more effective than theoretical instruction alone.
  • Peer-to-Peer Financial Education Model
    methodology: peer_led_education
    By engaging students as both creators and recipients of financial literacy content, we produce more relatable and accessible education because peer-generated material increases trust, relevance, and engagement among youth audiences.