Mission
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.
Small Public Charity
Money Magnets Club
Money Magnets Club is a Small Public Charity headquartered in Charlotte, NC. Financial data from the 2025 filing: $138K revenue, $106K expenses, $258K total assets. 5 publicly reported grants to this organization, totaling roughly $260K, appear in IRS filings.
EIN: 871776021
Charlotte, NC
Youth Development - Business
NTEE: O53
Latest filing: 2025
Total Revenue$138K
Total Expenses$106K
Total Assets$258K
Grant Records5
Funding Total$260K
Filing Years2023–2025
Sample Grants Received
PROGRAM OPERATING COST
$91,040
PROGRAM OPERATING COST
$101,475
GENERAL SUPPORT
$14,000
CHARITABLE GIFT
$6,000
PROGRAM OPERATING COST
$47,500
Showing up to 5 of 5 total records — full history available with membership.
Officers & Directors
Executive Dir.
Alexandra Arrington
Director
Ayesha Murphy
Director
Jana Sanders
Director
Jelani Hill
Director
K Alexander Roper
Treasurer
Latoya Lowery
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $138K | $106K | $258K |
| 2024 | $262K | $113K | $226K |
| 2023 | $118K | $54K | $76K |
Between 2023 and 2025, reported annual revenue grew from $118K to $138K (+17%), with total assets most recently reported at $258K.
Interactive year-over-year charts and full filing details available with membership.