Finra Investor Education Foundation
Finra Investor Education Foundation maintains strong asset base and zero officer compensation amidst fluctuating revenues.
EIN: 200863779 · Rockville, MD · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.4M |
| Total Expenses | $4.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $85 |
| Net Assets | $67.9M |
| Transparency Score | 95/100 |
Is Finra Investor Education Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Finra Investor Education Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Finra Investor Education Foundation
Finra Investor Education Foundation (EIN: 200863779) is a nonprofit organization based in Rockville, MD, classified under NTEE code S20. The organization reported total revenue of $11.4M and total assets of $85.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finra Investor Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Finra Investor Education Foundation is a large nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.8M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$5.6M |
| Total Assets | $68.5M |
| Total Liabilities | $585K |
| Net Assets | $67.9M |
| Operating Margin | 56.9% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 193.5 months |
Financial Health Grade: A
In 2022, Finra Investor Education Foundation reported a surplus of $5.6M with revenue exceeding expenses, holds 193.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Finra Investor Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +400.6% | +36.0% | -10.7% |
| 2020 | -706.7% | -25.8% | -0.8% |
| 2019 | -73.9% | -2.4% | +0.2% |
| 2018 | -77.0% | +21.1% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Finra Investor Education Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Finra Investor Education Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with assets exceeding $85 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Finra Investor Education Foundation's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2020, which could indicate reliance on external funding mechanisms or investment performance rather than consistent donations.
Strengths
The following positive indicators were identified for Finra Investor Education Foundation:
- Exceptional asset base of $85,576,894 providing long-term financial stability.
- Consistent reporting of 0% officer compensation, indicating strong governance and mission focus.
- Healthy ratio of assets to liabilities (e.g., $68,490,035 assets vs. $584,888 liabilities in 2022), demonstrating financial prudence.
- Strong program spending efficiency, with expenses consistently well below revenue in most years, allowing for asset growth.
- Long and consistent history of IRS 990 filings, indicating transparency.
Frequently Asked Questions about Finra Investor Education Foundation
Is Finra Investor Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Finra Investor Education Foundation (EIN: 200863779) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Finra Investor Education Foundation spend its money?
Finra Investor Education Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Finra Investor Education Foundation tax-deductible?
Finra Investor Education Foundation is registered as a tax-exempt nonprofit (EIN: 200863779). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Finra Investor Education Foundation CEO make?
Finra Investor Education Foundation's highest-compensated officer earns $85 annually. The organization reported $11.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Finra Investor Education Foundation's spending goes to programs?
Finra Investor Education Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Finra Investor Education Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Finra Investor Education Foundation is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Finra Investor Education Foundation located?
Finra Investor Education Foundation is headquartered in Rockville, Maryland and files with the IRS under EIN 200863779. It is classified under NTEE code S20.
How many years of IRS 990 filings does Finra Investor Education Foundation have?
Finra Investor Education Foundation has 12 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 $11.4M in total revenue.
Is Finra Investor Education Foundation a good charity?
Based on its financial data, the Finra Investor Education Foundation appears to be a very good charity. It maintains a substantial asset base ($85,576,894), demonstrates excellent spending efficiency with a high proportion of expenses likely going to programs, and exhibits exceptional transparency with 0% officer compensation reported consistently.
How does the organization manage its finances given the revenue fluctuations?
Despite significant revenue fluctuations, including a negative revenue year in 2020 ($-3,410,694), the organization maintains a very strong and growing asset base (e.g., $68,490,035 in 2022, up from $32,365,620 in 2014). This suggests effective asset management and reliance on its endowment or investment income to support operations, rather than solely on annual contributions.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It indicates that the organization's leadership is either entirely volunteer-based or compensated through a related entity (like FINRA itself), which is a strong positive signal for donor trust and a commitment to directing funds towards the mission rather than administrative overhead.
Filing History
IRS 990 filing history for Finra Investor Education Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Finra Investor Education Foundation's revenue has grown by 312.8%, moving from $2.4M to $9.8M. Total assets increased by 33.7% over the same period, from $51.2M to $68.5M. Total functional expenses fell by 66.1%, from $12.5M to $4.2M. In its most recent filing year (2022), Finra Investor Education Foundation reported a surplus of $5.6M, with revenue exceeding expenses. The organization holds $585K in liabilities against $68.5M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $67.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $9.8M | $4.2M | $68.5M | $585K | — | View 990 |
| 2021 | $2.0M | $3.1M | $76.7M | $380K | — | View 990 |
| 2020 | $-3,410,694 | $2.9M | $75.0M | $571K | — | View 990 |
| 2019 | $562K | $3.9M | $75.7M | $524K | — | — |
| 2018 | $2.2M | $4.0M | $75.5M | $319K | — | View 990 |
| 2017 | $9.4M | $3.3M | $80.0M | $220K | — | View 990 |
| 2016 | $4.8M | $5.8M | $76.2M | $364K | — | View 990 |
| 2015 | $55.3M | $8.7M | $74.3M | $253K | — | View 990 |
| 2014 | $2.8M | $10.5M | $32.4M | $1.1M | — | View 990 |
| 2013 | $6.5M | $10.6M | $39.7M | $753K | — | View 990 |
| 2012 | $2.7M | $12.6M | $42.5M | $658K | — | View 990 |
| 2011 | $2.4M | $12.5M | $51.2M | $543K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $9.8M, expenses of $4.2M, and assets of $68.5M (revenue +400.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $3.1M, and assets of $76.7M.
- 2020: Revenue of $-3,410,694, expenses of $2.9M, and assets of $75.0M (revenue -706.7% year-over-year).
- 2019: Revenue of $562K, expenses of $3.9M, and assets of $75.7M (revenue -73.9% year-over-year).
- 2018: Revenue of $2.2M, expenses of $4.0M, and assets of $75.5M (revenue -77.0% year-over-year).
- 2017: Revenue of $9.4M, expenses of $3.3M, and assets of $80.0M (revenue +95.1% year-over-year).
- 2016: Revenue of $4.8M, expenses of $5.8M, and assets of $76.2M (revenue -91.3% year-over-year).
- 2015: Revenue of $55.3M, expenses of $8.7M, and assets of $74.3M (revenue +1860.0% year-over-year).
- 2014: Revenue of $2.8M, expenses of $10.5M, and assets of $32.4M (revenue -56.9% year-over-year).
- 2013: Revenue of $6.5M, expenses of $10.6M, and assets of $39.7M (revenue +143.6% year-over-year).
- 2012: Revenue of $2.7M, expenses of $12.6M, and assets of $42.5M (revenue +12.7% year-over-year).
- 2011: Revenue of $2.4M, expenses of $12.5M, and assets of $51.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Finra Investor Education Foundation:
Data Sources and Methodology
This transparency report for Finra Investor Education Foundation 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.