Financial Education & Research Foundation Inc
EIN: 237063497 · Morristown, NJ
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.8M |
| Net Assets | $3.8M |
Is Financial Education & Research Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Financial Education & Research Foundation Inc
Financial Education & Research Foundation Inc (EIN: 237063497) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $3.7M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Financial Education & Research Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Financial Education & Research Foundation Inc is a mid-size nonprofit that has been operating for 80 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-320,729 |
| Total Assets | $4.6M |
| Total Liabilities | $821K |
| Net Assets | $3.8M |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 17.9% |
| Months of Reserves | 14.4 months |
Financial Health Grade: B
In 2024, Financial Education & Research Foundation Inc reported a deficit of $321K with expenses exceeding revenue, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 17.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Financial Education & Research Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.2% | +14.5% | -2.1% |
| 2023 | -18.2% | +15.2% | -0.8% |
| 2022 | +22.0% | +10.0% | +15.4% |
| 2021 | +26.1% | -7.9% | +18.4% |
| 2020 | -23.8% | -15.7% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8000 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Financial Education & Research Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Financial Education & Research Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $321K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.9%.
Frequently Asked Questions about Financial Education & Research Foundation Inc
Is Financial Education & Research Foundation Inc a legitimate charity?
Financial Education & Research Foundation Inc (EIN: 237063497) is a registered tax-exempt nonprofit based in New Jersey. It has 14 years of IRS 990 filings on record. Total revenue: $3.7M. No red flags identified. Financial health grade: B.
How does Financial Education & Research Foundation Inc spend its money?
Financial Education & Research Foundation Inc reported $3.7M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Financial Education & Research Foundation Inc tax-deductible?
Financial Education & Research Foundation Inc is registered as a tax-exempt nonprofit (EIN: 237063497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Financial Education & Research Foundation Inc located?
Financial Education & Research Foundation Inc is headquartered in Morristown, New Jersey and files with the IRS under EIN 237063497.
How many years of IRS 990 filings does Financial Education & Research Foundation Inc have?
Financial Education & Research Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.7M in total revenue.
Filing History
IRS 990 filing history for Financial Education & Research Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Financial Education & Research Foundation Inc's revenue has grown by 246.6%, moving from $1.0M to $3.5M. Total assets increased by 144.5% over the same period, from $1.9M to $4.6M. Total functional expenses rose by 313%, from $929K to $3.8M. In its most recent filing year (2024), Financial Education & Research Foundation Inc reported a deficit of $321K, with expenses exceeding revenue. The organization holds $821K in liabilities against $4.6M in assets (debt-to-asset ratio: 17.9%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.5M | $3.8M | $4.6M | $821K | — | View 990 |
| 2023 | $3.2M | $3.3M | $4.7M | $933K | — | View 990 |
| 2022 | $4.0M | $2.9M | $4.7M | $1.2M | — | View 990 |
| 2021 | $3.3M | $2.6M | $4.1M | $1.4M | — | View 990 |
| 2020 | $2.6M | $2.9M | $3.5M | $2.2M | — | View 990 |
| 2019 | $3.4M | $3.4M | $2.9M | $1.2M | — | View 990 |
| 2018 | $725K | $722K | $2.2M | $405K | — | View 990 |
| 2017 | $962K | $820K | $2.0M | $386K | — | View 990 |
| 2016 | $949K | $908K | $1.9M | $670K | — | View 990 |
| 2015 | $1.0M | $1.1M | $1.9M | $279K | — | View 990 |
| 2014 | $1.1M | $1.1M | $2.1M | $377K | — | View 990 |
| 2013 | $898K | $1.0M | $1.9M | $369K | — | View 990 |
| 2012 | $987K | $870K | $1.9M | $613K | — | View 990 |
| 2011 | $1.0M | $929K | $1.9M | $465K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.5M, expenses of $3.8M, and assets of $4.6M (revenue +8.2% year-over-year).
- 2023: Revenue of $3.2M, expenses of $3.3M, and assets of $4.7M (revenue -18.2% year-over-year).
- 2022: Revenue of $4.0M, expenses of $2.9M, and assets of $4.7M (revenue +22.0% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.6M, and assets of $4.1M (revenue +26.1% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.9M, and assets of $3.5M (revenue -23.8% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.4M, and assets of $2.9M (revenue +367.4% year-over-year).
- 2018: Revenue of $725K, expenses of $722K, and assets of $2.2M (revenue -24.6% year-over-year).
- 2017: Revenue of $962K, expenses of $820K, and assets of $2.0M (revenue +1.3% year-over-year).
- 2016: Revenue of $949K, expenses of $908K, and assets of $1.9M (revenue -7.1% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $1.9M (revenue -8.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $2.1M (revenue +23.9% year-over-year).
- 2013: Revenue of $898K, expenses of $1.0M, and assets of $1.9M (revenue -9.0% year-over-year).
- 2012: Revenue of $987K, expenses of $870K, and assets of $1.9M (revenue -2.7% year-over-year).
- 2011: Revenue of $1.0M, expenses of $929K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Financial Education & Research Foundation Inc:
Data Sources and Methodology
This transparency report for Financial Education & Research Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.