About TEMAMore About Who We Are and What We Do
History of TEMA
Our Founder, Corey Ross, created this nonprofit after taking an accounting class called Accounting for Not-For-Profits. He saw a glaring need to teach financial literacy to high school students. The idea is to be the ounce of prevention now instead of a pound of cure later.
“In a 2003 study of Ohio State students, University Administrators found that they lost more students to credit card debt than to academic failure.” Source: Utah Mentor 2003, The Digital News, 2003.
There is a need for financial literacy for students. Currently, there are minimal resources to provide this much needed education. The Financial Literacy for Students Act was introduced in 2009 and 2011, but died in committee both times. In 2013 Senator Kay Hagan (D-N.C.) reintroduced the act but again, it did not make it past committee. Some in congress want the government to stay out of the school system.
Since the government can’t or won’t help, we are here. We provide the education and materials for the students at no cost. Being a non-profit organization, our activities are supported by the generous donations from our donors.