Board Member

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My Money Workshop (MMW) is a 501(c)(3) nonprofit financial literacy organization based in the New York metropolitan area, serving New York, New Jersey, and Connecticut.

Mission Statement:

MMW’s mission is to help students and community members develop financial strategies and skills for a better life while avoiding costly, long-lasting mistakes. We educate people to manage their finances wisely and make a lifetime of informed decisions.

Agency History:

Dick Yaffa, a philanthropist from Bedford, New York, enjoyed giving back to his community and frequently visited Princeton University to speak with students.After numerous conversations with college and high school students, Dick recognized that students and young adults entering the workforce lacked basic money management skills. Dick founded My Money Workshop in 2009 to address the need for financial literacy and the lack of financial education in schools. Since Dick’s passing in 2015, his family has continued his legacy and commitment to teaching and providing financial literacy to people who need it.

Vision Statement:

MMW’s vision is for everyone to access high-quality financial education and feel empowered to make the best financial decisions for themselves and their families. We serve as a premier financial literacy provider to youth and adults, enabling participants and the communities we serve to improve their lives by achieving their financial short-term and long-term goals.

Program Approach:

MMW partners with schools and community-based organizations to deliver customized workshops. We have created financial literacy courses for a one-period class during the school day, an all-summer program for campers, an eight-week program for unemployed and underemployed adults, and everything in between. Workshops are delivered by volunteer instructors who are experts in the finance field.

My Money Workshop (MMW) is poised for growth in 2023 and beyond. In order to maintain the goals of the organization and to ensure an effective and successful board, we seek to ensure a balance of board members who come from the finance field as well as those bringing other non-profit and business experience and expertise (accounting, employment law, financial literacy instructors, bankers, human resources, marketing, development, high education, etc.).

To effectively fulfill the role as an individual board member, it is not only important that you carry out these responsibilities but also that you demonstrate qualities that are essential to a board's success, such as:

Board Member Responsibilities

1. Be dedicated to advancing MMW's mission and programs to ensure growth and sustainability.

2. Attend and participate in 4 quarterly board meetings per year and subcommittee meetings and events as needed to fully engage in financial, administrative, and programmatic oversight of the organization.

3. Commit to giving a meaningful contribution annually to maintain MMW sustainability.

4. Host at least one event or meeting yearly to introduce MMW to new partners and open doors to other networks of people interested in the organization's mission and programs.

5. Serve on 1 of the following 4 board subcommittees: finance and administration, governance, development, programs, and metrics. Board members can also serve as volunteer instructors and offer communications and public relations support to ensure productivity and efficiency in their financial, administrative, and programmatic oversight as MMW's governing body.

Board Member Attributes and Qualifications:

• Advocate for My Money Workshop and its mission
• A willingness to contribute your skills, knowledge, ideas, and influence
• Financial capacity to contribute a meaningful gift and attend the yearly strategic planning meeting.
• Effective communication and leadership skills
• Proven initiative and follow-through
• Strategic, visionary, and critical thinker who can think both forward and backward
• A clear understanding of the board role and the Executive Director role
• Flexibility/ability to plan for and manage change
• Leadership with diversity and a team approach; consensus builder
• Previous experience on a board or as a volunteer is preferred.
• Technological capacity and skills
• Constructive problem-solving skills

This is an opportunity for you to have an exponential impact on the communities we serve. iIf you are interested in learning more about My Money Workshop, please visit www.mymoneyworkshop.org or contact our Executive Director at 917-804-9054 or johann@mymoneyworkshop.org.