Silver Canady Charitable Collective Inc
Nonprofit profile at a glance
- EIN
- 861729535
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-N 2022
- Location
- Bowie, MD, USA
- Phone
- 2028548635
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $313,446
- Expenses
- $226,448
- Assets
- $97,427
- Liabilities
- $3,648
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- TISA SILVER CANADY (FOUNDER AND EXECUTIVE DIRECTOR)
- DANETTE BURGESS (PRESIDENT, BOARD OF DIRECTORS)
Highest reported compensation
- TISA SILVER CANADY (FOUNDER AND EXECUTIVE DIRECTOR): $74,300 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 85
- Accountability: 69
- Sustainability: 50
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.8%; rating input score 58
- Program expense ratio: 80%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 27.8%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 32.8%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 96.2% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 90.7% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: -65.3% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 57.8% of revenue deployed · 80% of spending went to programs
- Governance: 3 of 3 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $181K in reported program spending
- Leadership: top reported pay $74K · 4 people listed
- Consistency: 37 of 38 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.