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← THE INSTITUTE OF CONSUMER MONEY MANAGEMENT

Form 990 for tax year 2024

Filed by THE INSTITUTE OF CONSUMER MONEY MANAGEMENT.

Totals

Total revenue
$1,914,548
Total expenses
$1,160,610
Contributions and grants received
$1,650,000
Grants paid
$799,232
Program service revenue
$0
Investment income
$251,200
Other revenue
$13,348
Total assets, end of year
$5,433,271
Total liabilities, end of year
$583
Net assets or fund balances, end of year
$5,432,688
Program services expenses (Part IX)
$1,160,610
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,160,610

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,650,000

  • 3 · Investment income

    total $125,144 · unrelated business $125,144

  • 7a · Gross sales of assets other than inventory

    securities $10,546,095

  • 7b · Less cost or other basis and sales expenses

    securities $10,420,039

  • 7c · Gain or loss

    securities $126,056

  • 7d · Net gain or loss

    total $126,056 · related or exempt $126,056

  • 11a · Other revenue: OTHER REVENUE

    total $13,348 · unrelated business $13,348

  • 11e · Other revenue, total

    $13,348

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $799,232 · program services $799,232

  • 7 · Other salaries and wages

    total $306,399 · program services $306,399

  • 11c · Fees: accounting

    total $3,024 · program services $3,024

  • 11f · Fees: investment management

    total $23,081 · program services $23,081

  • 12 · Advertising and promotion

    total $8,739 · program services $8,739

  • 13 · Office expenses

    total $2,148 · program services $2,148

  • 17 · Travel

    total $6,665 · program services $6,665

  • 19 · Conferences, conventions and meetings

    total $4,877 · program services $4,877

  • 23 · Insurance

    total $1,797 · program services $1,797

  • 24a · Other expenses: MEALS

    total $3,160 · program services $3,160

  • 24b · Other expenses: BANK SERVICE CHARGES

    total $914 · program services $914

  • 24c · Other expenses: GIFT EXPENSE

    total $420 · program services $420

  • 24d · Other expenses: BOARD EXPENSES

    total $154 · program services $154

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,503 · end of year $231,020

  • 11 · Investments: publicly traded securities

    beginning of year $4,316,431 · end of year $5,202,251

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,885 · end of year $583

  • 27 · Net assets without donor restrictions

    beginning of year $4,365,049 · end of year $5,432,688

Mission and programs · 2024

Mission

OUR MISSION IS TO CREATE A SUSTAINABLE FINANCIAL FUTURE FOR CONSUMERS. WE PROVIDE FUNDING FOR THE CONDUCTING OF RESEARCH AND STUDIES THAT PROMOTE POSITIVE SPENDING BEHAVIORS AND CONSUMER ASSET BUILDING. WE ARE COMMITTED TO PROMOTING FINANCIAL LITERACY IN OUR COMMUNITY AND ACROSS THE UNITED STATES.

  • PROVIDE FUNDING FOR THE CONDUCTING OF RESEARCH AND STUDIES THAT PROMOTE POSITIVE SPENDING BEHAVIORS AND CONSUMER ASSET BUILDING.

    Expenses $1,160,610

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Diane Chen

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    25

  • Monica Smiley

    CHAIRMAN/PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Dr Tara Kenyon

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lee Tate

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dr Jeffrey Leiter

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Erin Krupa

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.5
Source object
202621749349301302

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