SILVER CANADY CHARITABLE COLLECTIVE INC

EIN: 861729535 501(c)(3) Education

BOWIE, MD

Total Revenue
$313,446
Total Expenses
$226,448
Total Assets
$97,427
Net Assets
$93,779
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MD
Principal Officer
Tisa Silver Canady
Phone
2028548635
Tax Period
2024-01-01 to 2024-12-31

SILVER CANADY CHARITABLE COLLECTIVE INC, founded in 2020, is a small nonprofit in the Education sector that reported $313K in total revenue in fiscal year 2024. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 28% operating margin.

Mission

THE ORGANIZATION FOSTERS A CONTINUUM OF CAMPUS-BASED FINANCIAL WELLNESS PROGRAMMING AND SUPPORTS THAT BUILD FINANCIAL LIFE SKILLS AND EMPOWER STUDENTS TO THRIVE. MCCFW RECOGNIZES THE CHALLENGES TO FINANCING COLLEGIATE EDUCATION AND PROMOTES INFORMED DECISION-MAKING FOR STUDENTS AND FAMILIES AT CRITICAL POINTS IN THE HIGHER EDUCATION JOURNEY.

Program Service Accomplishments

Program 1
Expenses: $165,783 Revenue: $34,930

Educational events and help sessions for students seeking federal financial aid and federal student loan borrowers: MCCFW hosted online and in-person help sessions to support FAFSA completion. MCCFW...

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Educational events and help sessions for students seeking federal financial aid and federal student loan borrowers: MCCFW hosted online and in-person help sessions to support FAFSA completion. MCCFW hosted several informational webinars for public service employers and provided employees with assistance in completing applications for Public Service Loan Forgiveness (PSLF), Income-Driven Repayment (IDR), and/or consolidation where necessary to obtain federal student loan benefits. These offerings were provided to public servants for free with costs covered by philanthropic grants for pre-K thru 12th grade educators in Prince George's County and Baltimore City, Maryland. As of June 30, 2025, the organization has helped public servants gain approval for more than $20 million in loan forgiveness through PSLF.

Program 2
Expenses: $8,111 Revenue: $0

Annual virtual Symposium for campus-based professionals and community partners: MCCFW hosts industry experts and campus personnel, mostly from Maryland, to learn, share, and grow collegiate financial...

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Annual virtual Symposium for campus-based professionals and community partners: MCCFW hosts industry experts and campus personnel, mostly from Maryland, to learn, share, and grow collegiate financial wellness initiatives as a part of a larger effort to increase postsecondary student success. The Symposium is offered free of charge and drew nearly 200 attendees from across the nation and some international guests.

Program 3
Expenses: $7,319 Revenue: $0

Curriculum writing and pilot planning for the CRREST Academy. CRREST stands for Creditworthy, Ready, Resilient, Empowered, Successful, and Thriving. The Academy will be offered to current college...

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Curriculum writing and pilot planning for the CRREST Academy. CRREST stands for Creditworthy, Ready, Resilient, Empowered, Successful, and Thriving. The Academy will be offered to current college students in Maryland through a pilot. The curriculum will be delivered via an online financial education platform and the content (videos and experiential exercises) is designed specifically for current college and career school students. The pilot phase will launch in 2025 and the Academy will be provided to students free of charge.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $278,516
Program Service Revenue $34,930
Investment Income $0
Other Revenue $0
TOTAL REVENUE $313,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,081
Fundraising Expenses $0
Program Expenses $181,213
Other Expenses $83,367
TOTAL EXPENSES $226,448

Year-over-Year Comparison

2024 2023 Change
Revenue $313,446 $117,826 +1.7%
Expenses $226,448 $112,236 +1.0%
Net Income $86,998 $5,590 +14.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$74,300
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TISA SILVER CANADY FOUNDER AND EXECUTIVE DIRECTOR 30
Officer
$74,300 $0 $74,300
DANETTE BURGESS PRESIDENT, BOARD OF DIRECTORS 1
Director
$0 $0 $0
BREYANN WILLIAMS SECRETARY, BOARD OF DIRECTORS 1
Director
$0 $0 $0
FREDERICK CURTIS III TREASURER, BOARD OF DIRECTORS 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $313,446 $226,448 $97,427 $86,998
2023 $117,826 $112,236 $191,799 $5,590
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