FAST FACTS
FAST FACTS
Founded in April 2019, during Financial Literacy Month/Money Smart Week
Serves an average of 100 kidpreneurs-in-training and families each school year, and over 800 kids and families since its inception
Partners with anchor institutions in the West Boulevard corridor of Charlotte and surrounding areas, as well as after school programs for a value added experience to meet needs with opportunities
Emphasizes a two-generation, developmentally appropriate approach to financial literacy training and information as a pathway to understanding entrepreneurship principles and practices
Provides $25 seed capital to kidpreneurs-in-training that complete the program requirements
Exposes kids to the variety of ways that entrepreneurship can look
Supports and invests in the entrepreneurial ecosystem, in Charlotte and beyond, by actively engaging and patronizing local, small, Black-owned, Woman-owned, LGBTQIA-owned, Latiné-owned and Kid-owned businesses in our work
about money magnets club
Public institutions, like the library, have been a great source of support, hope, and resources in many children's lives. This was the case for Charlotte community member, consultant and trainer, Alexandra Arrington, who co-founded Money Magnets Club. Her experience was intensified by encountering people who really cared about her as a person, and who were passionate about the work they did. Alexandra attended Title 1 schools the majority of her K-12 experience and became an entrepreneur at 14. As a young hairstylist growing up in a single parent home, she had a passion that was encouraged, and one that made her money. All these elements connected as an invaluable set of resources that had immediate material benefit and would support her future plans and aspirations. Having a chance to create a more intentional approach for younger children, lovingly referred to as “kidpreneurs-in-training,” to experience entrepreneurship, to be encouraged and to be supported early on is a direct result of Alexandra's experience. Money Magnets Club seeks to bring similar experiences as Alexandra’s to young people with a direct tie to their developmental stage of learning while providing material resources as a core approach for Money Magnets Club.
The organization seeks to learn from and cater to kids in geographic areas that have been underinvested in, like Charlotte's West side, that has so much vitality and ingenuity. Co-Founder Teresa Cain, who is a children’s librarian in the organization's corridor of service, noted that there were several programs for teens and adults that promoted entrepreneurship in the library system, but there was not anything similar for kids. The identified opportunity to serve younger kids in the community, couples with personal passion, aligned to bring together the co-founders to launch this asset-based program, focused on economic enfranchisement, character-building, and community-mindedness.
Mission
To serve as a community that encourages entrepreneurship and financial literacy among elementary school kids and their responsible adults through education, exposure, and resources, to build generational wealth.
vision
To see all kids fully empowered...to explore and realize all that they can be through principles of character, community, and business…and to build generational wealth, combat intergenerational poverty, and position kids to be economic engines for Charlotte, North Carolina’s families and communities.
Meet the Board
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Rashaan Peek
BOARD PRESIDENT/CHAIR
Rashaan Peek is Chief of Staff of Charlotte Center City Partners, an organization that envisions and implements strategies and actions to drive the economic, social, and cultural development of Charlotte’s Center City. Rashaan’s experience has given her the skills to develop and manage multi-million-dollar budgets, develop impactful non-profit boards of directors, increase employee morale, and implement sustainable programs.
Mrs. Peek is certified in Nonprofit Management by Duke University, certified in Diversity and Inclusion in the Workplace by USF Muma School of Business, certified in Supply Chain Management by Women’s Business Center of Charlotte, and a graduate of the YCombinator Startup School and UNC at Charlotte Ventureprise.
Prior to her work with Charlotte Center City Partners, Rashaan founded Your Girl Inc™ an Executive Management Firm. Rashaan works with small business and nonprofit executives to increase sustainability through strategic planning, leadership development, program and project implementation, digital marketing planning and implementation, and operations creation.
Most recently, Rashaan served as a Consultant Project Director for BlkTech Charlotte/BlkTech Interactive. Her work there aligned with her passion for decreasing the wealth gap through talent recruitment, fundraising, Startup Studio program development, Afrofuturism Event creation, and implementation, Coding and Switching Professional Development, and Networking & Coaching.
Rashaan is a Certified Peer Counselor by the American Association of Mental Health and has been recognized as the 2019 Mentor of the Year by ACHI Magazine for her work with girls and women in the Charlotte area.
Rashaan is Philadelphia-born and Bensalem-bred. She obtained her BA from Georgia State and has lived in Charlotte since December 31, 2004. Mrs. Peek enjoys traveling with her husband, listening to audiobooks, spending time with her children, and eating brunch with her friends.
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Mackenzie Wilkins
BOARD VICE-PRESIDENT/VICE-CHAIR
Mackenzie is a graduate from UNC Greensboro’s Clinical Mental Health Counseling program. Prior to starting her masters, she worked as an Academic Advisor at an arts high school. In this role she helped young musicians and visual artists on their path to academic and vocational development. Mackenzie is currently completing an internship at Guilford College in their counseling center. She would classify herself as a life-long learner and multi-hyphenate.
Mackenzie earned her undergraduate degree in Psychology from Wake Forest University. When she isn’t in class or at her internship, she enjoys reading, thrifting, and spending time with friends.
Mackenzie served as MMC’s inaugural employee from April 2022 - December 2023, and is now serving to govern and keep the vision of MMC as a Board Member.
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Ayesha Murphy
BOARD SECRETARY
Ayesha Murphy is the owner of natural skin care brand Beary Sensitive. She has grown up around entrepreneurship her entire life by having both parents as entrepreneurs. As a mother she teaches the value of entrepreneurship to her children by having them help in the business.
Professionally she has worked in the utility, retail and finance industries. She is currently working in the finance industry as a consultant who optimizes IT applications, serves as a mentor to six sigma candidates and is a member of the Women in IT networking committee.
Ayesha has a BS in Textile Management from North Carolina State University and an MBA in Marketing from Florida Institute of Technology. When she is not working, she enjoys doing home DIY and interior design projects.
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TERESA CAIN
CO-FOUNDER & BOARD MEMBER
Teresa Cain is a storycatcher, storyteller, and rescuer of damaged kimonos. (They tell stories, too.) She loves anything that’s finely handcrafted, especially if it’s older than she is. She’s fascinated by mutually beneficial symbiotic relationships in nature. Teresa has an odd gift for recognizing the connections between things and developing professional partnerships based on those connections.
Before working as a children’s librarian at West Boulevard Library, Teresa was an award-winning writer, Montessori teacher assistant, and fast food worker. Her career highlights at Charlotte Mecklenburg Library include standing on the Children’s Theatre stage with 12 young customers when Peter Pan flew, sitting in Archbishop Desmond Tutu’s chair, and co-founding Money Magnets Club.
She’s earned a BS in Business Administration from East Carolina and a Master’s in Library and Information Science from UNC-Greensboro. Dream job: Multi-Millionaire Philanthropist.
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J. Hill
BOARD MEMBER
As the CEO of The BrandUscript Agency, J. leads a dedicated team in delivering innovative and holistic public relations and digital marketing solutions. With over two decades of experience spanning multiple industries—including automotive, spirits, legal, energy, food and beverage, marketing, music, fashion, beauty, sports, philanthropy, telemarketing, publishing, technology, printing/signage, and medical—he is passionate about helping brands achieve their goals through creative and newsworthy campaigns.
He holds a degree in Marketing Management from Dekalb Technical College and is a proud graduate of Leadership Charlotte, Class 45. His career has been marked by significant roles in media relations and publishing, including serving as the Head of Media Relations at Ken Harris and Associates, Publisher and CEO of Celebrity Power Magazine, and Publisher of Atlanta Fever Magazine.
At The BrandUscript Agency, the Charlotte-centric approach focuses on enhancing the visibility and reputation of businesses and non-profits within the Queen City. They believe in the power of strategic planning, client-centric solutions, and community engagement to drive success.
Recognized on QCityMetro.com’s PR POWER LIST in 2023, he is committed to excellence and dedicated to giving back to the community through volunteer work.
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Yolanda McCormick
BOARD MEMBER
Yolanda M. McCormick is a Licensed Clinical Supervisor with over 20 years of experience in public health, human services, and mental health care. She is a recognized expert in trauma-informed care and community-based interventions, dedicating her career to empowering at-risk populations and fostering resilience.
Yolanda’s dedication extends beyond her professional roles; she values personal growth and lifelong learning, frequently participating in advanced training on trauma, child development, and evidence-based therapeutic interventions. When not working, she enjoys connecting with others, hiking, indulging in scented candles, and finding peace at the beach. Her passion for positive energy and fostering authentic relationships drives her commitment to creating supportive and empowered communities.
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Ricky Robinson
BOARD MEMBER
Ricky is a Charlotte native. With a Bachelor’s degree from Winston Salem State University and Master’s degree from Webster University, he has proven that education is the foundation upon which dreams are built.
Ricky’s heart is dedicated to his family, and he cherishes every moment spent with them. However, his passion doesn’t stop there. He’s a firm believer in the power of networking, forging connections that lead to incredible opportunities. When he’s not nurturing these relationships, you can often find him on the golf course, exploring new destinations, or simply reveling in the great outdoors.
Entrepreneurship has been ingrained in Ricky’s spirit since childhood. He dedicates most of his spare time to working on his side hustle, continually pushing the boundaries of innovation. To him, entrepreneurship and ownership are not just buzzwords – they are the keys to true freedom and the creation of generational wealth.
Currently, Ricky is thriving in technology, serving as a Scrum Master and Agile Coach. But he doesn’t stop there; he’s a strong advocate for leveraging corporate jobs to propel your dreams as an entrepreneur.
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Alex Roper
BOARD MEMBER
Alex attended Winthrop University in Rock Hill, SC, where he received his bachelor’s degree in finance, as well as his Master of Business Administration. Alex is a registered investment advisor representative and holds his NC & SC Life, Accident and Health, and Medicare Supplement/Long Term Care insurance licensures. When he’s not spending time with his wife and dogs, Alex enjoys playing instruments, traveling, and reading. He is Co-Chair of the Charlotte Area Chamber of Commerce Programs Committee.
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Jana Sanders
BOARD MEMBER
Jana Sanders is a Commercial Loan Officer at Self-Help Credit Union, a community development financial institution whose mission is creating and protecting ownership and economic opportunity for all. Jana has worked in banking in Charlotte for the past twelve years and has a passion for financial literacy. Her own entrepreneurial spirit was ignited at the age of twelve when she began helping her father in his lawn care business.
Jana is a native of Blair, South Carolina. She received her Bachelor of Art degree from the University of South Carolina and Master of Communication from Queens University of Charlotte. She is a member of Alpha Kappa Alpha, Sorority, Incorporated. Jana and her husband, Mike reside in Charlotte with their two boys. Jana a self-proclaimed home décor addict, enjoys traveling with her family, shopping, reading, binge-watching television, and cheering on the South Carolina Gamecocks and Charlotte Hornets with her sons.
Meet the Team
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Dr. Alexandra Arrington
CO-FOUNDER & EXECUTIVE DIRECTOR
Charlotte community member, entrepreneur, and nonprofit leader, Dr. Alexandra Arrington is a former child entrepreneur turned serial quasi-entrepreneur. Alexandra attended Title 1 schools the majority of her K-12 experience and as a young hairstylist in a single parent home, entrepreneurship would support her future plans and aspirations. Her experiences fuel the passion and programs that constitute Money Magnets Club, which teaches entrepreneurship and financial literacy principles to elementary schoolers, to create more equitable opportunity for kids in Charlotte to thrive, particularly those being reared on the West side.
She is a life-long learner and holds a series of credentials, including: a doctorate in Organizational Leadership; a Certificate in Women’s Entrepreneurship from Cornell University; a Certificate in Diversity, Equity and Inclusion from the University of South Florida’s Muma College of Business; a provisional license in Clinical Mental Health Counseling in North Carolina; and a Certified Financial Education Instructor℠ (CFEI®).
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DOC DILLARD
DIRECTOR OF OPERATIONS
Doc Dillard is an organizational leader and educator based in the Carolinas. His background includes community leadership, entrepreneurship, and education. He has a Master’s in Entrepreneurship from Western Carolina University. He is finishing his doctorate in Organizational Leadership at Gardner-Webb University, where he is researching organizational effectiveness through workforce management and digital transformation within education and technology. He has interned in public affairs with the U.S. State Department. He also has completed Teach for America Memphis and is an Education Pioneers alumnus who supported business operations in the Chicago Public Schools IT department.
He’s also a recipient of the Critical Language Scholarship in Indonesia. He loves music, travel, and watching good films.
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SOLITA ROYAL
PROGRAM MANAGER
Solita is a transformational and accomplished professional with over ten years of experience in public health and community outreach. She is dedicated to creating inclusive and equitable communities, always striving to improve the quality of life for those she serves. Solita has a strong commitment to supporting her organization’s mission and strategic initiatives, bringing exceptional facilitation skills and a talent for data-driven decision-making to every project. With a deep understanding of group dynamics and high emotional intelligence, Solita excels in guiding teams and fostering collaboration. Whether it’s managing government grants or overseeing budgets, she ensures that everything runs smoothly and efficiently. Above all, Solita is passionate about advocating for communities and consumers, continually working to make a positive and lasting impact.
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Shaza Ibrahim
CURRICULUM & SOFTWARE DEVELOPMENT SPECIALIST (Contractor)
An advocate for mental health awareness, Shaza has over ten years of experience facilitating workshops on intersectional health and wellness topics. Shaza attended NC State University and received her Bachelor of Science in Environmental Science with a minor in Health. She then attended graduate school at the Johns Hopkins Bloomberg School of Public Health, where she earned a Graduate Health Education Certificate. Her mission is to make mental health resources more valuable and accessible through evidence-based programming. Shaza is adept at designing comprehensive curriculum that meets specific goals, educational requirements, and standards. Shaza is deeply passionate about making wellness accessible, equitable, and supported by all.
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LaToya Lowery
PROJECT COORDINATOR (Contractor)
LaToya Lowery, M.S. (she/her/hers/herself) is from Wilmington, NC and resides in Charlotte NC. She has been in the nonprofit sector for over 20 years doing much work with anything related to grants management, community engagement, event planning, and advocacy. Two popular grants she has had the opportunity to manage is the VITA free tax program. She has led the program in every capacity over the last 20 years and the SNAP Employment and Training grant.
LaToya has held roles with the United Way of Greater Nashville, where she led community impact work, including a focus on SNAP Employment and Training and the Volunteer Income Tax Assistance (VITA) programs, and now with Prosperity Now as their Senior Program Manager, Network Building. Prior to her work with United Way, she worked with alongside Google at Goodwill Industries International and worked several years improving workforce development in Charlotte and the surrounding areas at Goodwill Industries of Southern Piedmont (GISP) (located in Charlotte).
In addition to serving Money Magnets Club, LaToya is the Vice President of the Board of Directors for Autism Wonders and represents the state of North Carolina as a Volunteer Advocacy Ambassador for Autism Speaks working alongside Congresswoman Alma Adams to create policy around programs for individuals on the autism spectrum. LaToya has a bachelor’s degree from the University of North Carolina at Charlotte and a master’s in clinical Mental Health Counseling from Walden University and is working toward a doctorate from Walden University. LaToya loves to spend time with her family, loves to shop, going to the beach, binge watching TV, and fresh and saltwater fishing. She is a die-hard Duke fan and loves sports and westerns.