ASSET BUILDERS OF AMERICA INC Charity Report

Public IRS 990 nonprofit record

ASSET BUILDERS OF AMERICA INC

EIN 39-2005260 · Educational Services (B90)

What they do

PROMOTE and IMPLEMENT WEALTH-BUILDING STRATEGIES for LOW- to MODERATE-INCOME ADULTS and YOUTH; PROVIDE INTELLECTUAL and FINANCIAL OPPORTUNITIES THAT DEVELOP A WEALTH-BUILDING CAPACITY AMONG INDIVIDUALS and COMMUNITIES, THEREBY ENHANCING THEIR QUALITY of LIFE; ADD VALUE and SUPPORT to THE EFFORTS of OTHER ORGANIZATIONS, THROUGH ASSISTANCE WITH MARKETING and OUTREACH SERVICES, THAT ARE INVOLVED IN ECONOMIC and FINANCIAL LITERACY EFFORTS; PROMOTE NETWORKING OPPORTUNITIES AMONG INDIVIDUALS, CORPORATIONS, and FOUNDATIONS CONCERNED WITH ECONOMIC and FINANCIAL LITERACY; PROVIDE PROFESSIONAL LEADERSHIP to URBAN COMMUNITIES and OTHER INTERESTED PARTIES IN EVALUATING ECONOMIC and FINANCIAL EDUCATION OPTIONS; and BUILD CONSENSUS ON ISSUES RELATED to ECONOMIC and FINANCIAL EDUCATION THAT WILL BENEFIT THE COMMUNITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $67.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

58.28%of revenue went to mission work67.1% of expenses · Program services

10.70%of revenue went to fundraising12.3% of expenses

$86.59spent for every $100 of revenueRevenue covered expenses this year.

17.91%of revenue went to management and office costs20.6% of expenses

$2.97in assets for every $1 spent this yearSome assets cannot be spent right away.

97.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $115,528 for RICHARD ENTENMANN (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$312,794

Mission workProgram services$182,30758.28% of revenue67.1% of expenses

ManagementOffice and general costs$56,02717.91% of revenue20.6% of expenses

FundraisingAsking for donations$33,48310.70% of revenue12.3% of expenses

Revenue left after expensesReported annual surplus$40,97713.10% of revenueShown in gray on the chart

Total expenses$271,81786.90% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 67.1% mission · 20.6% management · 12.3% fundraisingTotal expenses: 86.90% of revenue

2023Expense mix: 67.5% mission · 20.5% management · 11.9% fundraisingTotal expenses: 51.34% of revenue

2022Expense mix: 63.1% mission · 22.3% management · 14.6% fundraisingTotal expenses: 99.89% of revenue

2021Expense mix: 53.1% mission · 29.2% management · 17.7% fundraisingTotal expenses: 73.65% of revenue

2020Expense mix: 55.1% mission · 22.8% management · 22.0% fundraisingTotal expenses: 100.87% of revenue

2019Expense mix: 57.1% mission · 20.1% management · 22.8% fundraisingTotal expenses: 100.35% of revenue

2018Expense mix: 51.7% mission · 33.5% management · 14.8% fundraisingTotal expenses: 60.62% of revenue

2017Expense mix: 67.3% mission · 23.7% management · 8.9% fundraisingTotal expenses: 92.51% of revenue

Money in and money out

Revenue$313,915

Expenses$271,817

Annual surplus $42,098 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$182,307 · 67.1% of expenses

Management and office costs$56,027 · 20.6% of expenses

Fundraising$33,483 · 12.3% of expenses

See all reported dollar amounts

Revenue$313,915

Expenses$271,817

Assets$806,707

Income$313,915

Contributions$307,033

Mission work (program services)$182,307

Fundraising$33,483

Management and general$56,027

Stocks and bonds$516,824

Accounting fees$12,077

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD ENTENMANNEXECUTIVE DIRECTOR · 40 hrs/week $115,528Base $108,249 · Other $7,279

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

RICHARD ENTENMANNEXECUTIVE DIRECTOR

COLLEEN WOGGONVICE-CHAIRMAN

ERIC CHRISTIANSENSECRETARY

ERIN BYKOWSKIDIRECTOR

JIM KUBEKDIRECTOR

JOE MCNEILDIRECTOR

LEANN EDDINGSAASDIRECTOR

MATT MOOREDIRECTOR

NAFESSA BURDINEDIRECTOR (THRU OCT)

PAM ANDERSONCHAIRMAN (THRU FEB)/DIRECTOR

SCOTT BEYERCHAIRMAN (BEG MARCH)

STEVE VALEDIRECTOR

STEVEN DEVOUGASDIRECTOR

TIM BARTHELTREASURER

About this charity

Recognized since: January 2001
Location: 1213 N SHERMAN AVE 195, MADISON, WI 53704-4236
County: Dane
In care of: % RICHARD ENTENMANN
Primary officer: RICHARD ENTENMANN, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(608) 663-6332

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WEGNER CPAS LLP
NTEE classification: Educational Services (B90)
IRS tax category: Educational Services