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Silver Canady Charitable Collective Inc

EIN 86-1729535 · Bowie, MD

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceWeak49 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$313,446
Spending
$226,448
Spent on programs
80%
Reserves
5 months of spending
Largest source of income
donations and private grants, 89%
Employees
2
Volunteers
0
Highest pay
$74,300, founder and executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 59% of charities in its peer group (education, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 5.0 months of spending.

  • Debt

    20 of 20

    It owes 4% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 28% of income.

  • Income trend

    15 of 15

    Income rose 166% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 49 out of 100. Higher than 22% of charities in its peer group (education, $250k to $1m).

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $165,783 spent. 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.
  2. $8,111 spent. 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.
  3. $7,319 spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.