Thank Me Later Foundation Inc

Nonprofit profile at a glance

EIN
920491534
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-PF 2022
Location
East Point, GA, USA
Phone
4049749187
Rating
43
Verdict
MIXED
Rating confidence
Moderate
Sector
Education N.E.C.

Reported finances

Revenue
$83,820
Expenses
$119,619
Assets
$10,811
Liabilities
$13,532

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • Oni Anderson (Director)
  • Kimberly Jackson (Director)
  • Randie Brooks (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Thank Me Later Foundation's mission is to transform the lives of families for generations and impact the wealth divide through estate planning. Our innovative approach helps to resolve the wealth transfer crisis that plagues communities through our free will and healthcare directive preparation events and estate planning educational content.

What it reported doing in 2024

The Thank Me Later Foundation has three pillars under the Legacy Planning Initiative: Our Legacy Planning Homecoming Event, where we partner with attorneys and estate planning organizations to create wills and healthcare directives for FREE. Currently, this service is only offered for Georgia residents, but we aspire to expand to other cities in the future. Our estate planning educational content and resources, which helps our community take action immediately and share the information with their loved ones. The Legacy Scholarship, where we pay a portion of the recipient's estate attorney fees and mentor her through the process of completing her will, healthcare directive, and power of attorney.Through our program pillars, we serve peoplge ages 35-65, who are the key breadwinners in their families. They work in various industries. We've found that many of them are hiding because they were not taught how to manage their money. Our pillars help them secure their legacy and outline their wishes in their estate plan so their family can have peace and order.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 17
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -42.7%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 1.25; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 25.2% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: -101.5% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 14/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.