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FINRA INVESTOR EDUCATION FOUNDATION

EIN 20-0863779 ROCKVILLE, MD

Revenue 2024
$8,900,744
Expenses 2024
$4,768,560

Program services were 96.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
04
NTEE code
S20
Classification
3000
Street
9509 KEY WEST AVENUE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • ELLEN FRAWLEY

    BOARD MEMBER - AS OF 1/08/24

    Total calculated
    $0
    Hours/week
    1

  • Gwen Weithaus

    BOARD MEMBER - AS OF 5/21/24

    Total calculated
    $0
    Hours/week
    1

  • JASON FICHTNER

    BOARD MEMBER - AS OF 1/08/24

    Total calculated
    $0
    Hours/week
    1

  • Jonathan S Sokobin

    CHAIRPERSON - AS OF 2/12/24

    Total calculated
    $1,132,530
    From this org
    $0
    From related orgs
    $1,024,187
    Other
    $108,343
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,262 related
    Bonus
    $0 + $430,000 related
    Other
    $0 + $210,925 related
    Deferred
    $0 + $44,850 related
    Nontaxable benefits
    $0 + $63,493 related
    Filer's total
    $0 + $1,132,530 related

  • MENEKSE GENCER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL ROYE

    BOARD MEMBER - AS OF 1/08/24

    Total calculated
    $0
    Hours/week
    1

  • PEGGY HO

    BOARD MEMBER

    Total calculated
    $101,468
    From this org
    $0
    From related orgs
    $101,468
    Other
    $0
    Hours/week
    2 + 2 related

  • Robert W Cook

    Chairperson, THRU 2/11/24, Ex Officio Board Member

    Total calculated
    $4,102,800
    From this org
    $0
    From related orgs
    $3,472,973
    Other
    $629,827
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,074,593 related
    Bonus
    $0 + $2,365,000 related
    Other
    $0 + $33,380 related
    Deferred
    $0 + $622,548 related
    Nontaxable benefits
    $0 + $7,279 related
    Filer's total
    $0 + $4,102,800 related

  • Eileen M Famiglietti

    Treasurer

    Total calculated
    $590,378
    From this org
    $0
    From related orgs
    $500,953
    Other
    $89,425
    Hours/week
    6 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,992 related
    Bonus
    $0 + $160,000 related
    Other
    $0 + $3,961 related
    Deferred
    $0 + $43,770 related
    Nontaxable benefits
    $0 + $45,655 related
    Filer's total
    $0 + $590,378 related

  • Geraldine M Walsh

    President

    Total calculated
    $670,245
    From this org
    $0
    From related orgs
    $577,756
    Other
    $92,489
    Hours/week
    48 + 12 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,251 related
    Bonus
    $0 + $190,000 related
    Other
    $0 + $29,505 related
    Deferred
    $0 + $78,902 related
    Nontaxable benefits
    $0 + $13,587 related
    Filer's total
    $0 + $670,245 related

  • Jennifer P Mitchell

    Corporate Secretary

    Total calculated
    $546,217
    From this org
    $0
    From related orgs
    $487,991
    Other
    $58,226
    Hours/week
    3 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,615 related
    Bonus
    $0 + $190,000 related
    Other
    $0 + $2,376 related
    Deferred
    $0 + $8,190 related
    Nontaxable benefits
    $0 + $50,036 related
    Filer's total
    $0 + $546,217 related

  • John W Thiel

    Board Member

    Total calculated
    $40,000
    From this org
    $0
    From related orgs
    $40,000
    Other
    $0
    Hours/week
    0 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $40,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $40,000 related

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $8,900,744
    Expenses
    $4,768,560
    Contributions
    $5,800,910
    Grants paid
    $537,145
  • 2023
    Revenue
    $9,397,096
    Expenses
    $5,045,365
    Contributions
    $6,980,741
    Grants paid
    $456,441
  • 2022
    Revenue
    $9,847,894
    Expenses
    $4,246,470
    Contributions
    $5,860,131
    Grants paid
    $557,298

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

  • The Board of Trustees of the Leland Stanford Junior University

    $57,143

    2022 To study household financial resilience in the United States from the Great Recession to the onset of the COVID-19 pandemic (2008 to 2020) and to examine factors affecting financial stability, especially among financially vulnerable groups.

  • UNIVERSITY OF TENNESSEE

    $51,956

    2024 To examine the condition of financial education from the perspective of personal finance teachers in high schools across Tennessee, while giving particular attention to high-poverty schools, the experiences of special education students, and the situation in urban, suburban, and rural schools.

  • UNIVERSITY OF TENNESSEE EXTENSION

    $51,168

    2023 To examine the condition of financial education in high schools across Tennessee, giving particular attention to Title I schools and comparing the situation in urban, suburban, and rural schools.

  • University of Puerto Rico

    $28,208

    2022 To undertake research about the financial capability of Hispanic people in the United States, both as a single cohort and disaggregated by heritage.

  • FARMINGTON PUBLIC LIBRARY FNDT

    $25,000

    2023 To collaborate with a coalition of public- and private-sector partners to deliver multigenerational financial capability experiences and services informed by an interactive polling process to ensure alignment with community priorities.

  • NOVA SOUTHEASTERN UNIVERSITY

    $25,000

    2023 To enable Alvin Sherman Library at Nova Southeastern University to educate and counsel Broward County veterans on financial literacy, sustainable homeownership, and foreclosure and homelessness prevention.

  • Kenosha Public Library

    $25,000

    2022 To expand financial education and financial coaching in low-income and underserved communities, focusing especially on topics such as banking, credit, budgeting, and managing debt.

  • Clayton Collaborative Authority

    $25,000

    2022 To enable the Clayton County Library System to leverage interest in the region's well-established film industry to engage youth, adults, and entrepreneurs in a variety of activity-based financial education experiences, thereby integrating financial education and workforce development.

  • Sara Hightower Regional Library

    $25,000

    2022 To partner with the University of West Georgia's Center for Economic Education and Financial Literacy to deliver customized financial education for adults and teens in collaboration with existing social service initiatives maintained by local nonprofits and government agencies.

  • CLAYTON COLLABORATIVE AUTHORITY

    $25,000

    2023 To enable the Clayton County Library System to integrate activity-based financial education experiences into entrepreneurship and workforce development efforts, especially those related to the region's film industry.

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.