National Endowment For Financial Education
- Assets
- $146.9m
- Revenue
- $7.9m
- Investments
- $134.5m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 84-0632115
Organization Overview
National Endowment For Financial Education is located in Denver, CO. The organization was established in 2005. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Endowment For Financial Education is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, National Endowment For Financial Education generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $8.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, National Endowment For Financial Education has awarded 42 individual grants totaling $3,397,438. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
RESEARCH AND GRANT FUNDING THROUGH SUPPORT AND MANAGEMENT OF RIGOROUS RESEARCH, NEFE IDENTIFIES KNOWLEDGE GAPS AND SEEKS EVIDENCE OF WHAT WORKS IN THE FIELD TO TEST THE EFFECTIVENESS OF FINANCIAL EDUCATION AND LAY THE GROUNDWORK FOR GREATER FUTURE IMPACT. FUNDING IS PROVIDED FOR RESEARCH THAT HAS THE POTENTIAL TO MAKE A PROFOUND CONTRIBUTION TO THE FIELD OF FINANCIAL EDUCATION AND SEEKS TO IMPROVE THE PUBLIC'S FINANCIAL WELL-BEING. NEFE CURRENTLY HAS SEVEN RESEARCH STUDIES IN PROGRESS AND HAS FUNDED 40 RESEARCH PROJECTS SINCE 2006. FINANCIAL EDUCATION INNOVATION AND IMPACT SUMMIT THROUGHOUT 2022, NEFE CELEBRATED ITS 30TH YEAR OF OPERATIONS. THE YEAR CULMINATED WITH THE INAUGURAL FINANCIAL EDUCATION INNOVATION & IMPACT SUMMIT, A TWO- AND-A-HALF DAY EVENT TO RECOGNIZE THE PAST, PRESENT AND FUTURE OF THE ORGANIZATION'S WORK CHAMPIONING FINANCIAL EDUCATION AND STRENGTHEN PATHWAYS FOR IMPROVED WORK IN OUR FIELD. AWARENESS, PARTNERSHIPS, SPONSORSHIPS AND CONFERENCES NEFE PARTNERS WITH MISSIO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachelle Feldman Member | 1 | $0 | |
Margaret Libby Member | 1 | $0 | |
Colleen Walker Chair | 1 | $802 | |
Megan Gorman Member | 1 | $0 | |
Helen Norris Member | 1 | $0 | |
Jason Young Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualtrics | 12/30/22 | $159,395 |
Meriplex | 12/30/22 | $152,287 |
Beacon Technologies | 12/30/22 | $88,180 |
Velosio | 12/30/22 | $76,638 |
Cambridge Advisors | 12/30/22 | $216,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,749,640 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,391,623 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,794,321 |
| Capital Gain Net Income | $5,781,776 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,007,054 |
| Total Revenue | $7,928,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $840,887 |
| Other employee salaries and wages | $2,034,611 |
| Pension plans, employee benefits | $1,010,470 |
| Interest | $0 |
| Taxes | $271,650 |
| Depreciation | $0 |
| Occupancy | $685,078 |
| Travel, conferences, and meetings | $242,050 |
| Printing and publications | $0 |
| Other expenses | $2,188,878 |
| Total operating and administrative expenses | $7,859,765 |
| Contributions, gifts, grants paid | $816,411 |
| Total expenses and disbursements | $8,676,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,341,234 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $99,748,949 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $146,875,648 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, National Endowment For Financial Education has awarded $1,382,146 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF ALABAMA PURPOSE: RESEARCH GRANT | $54,374 |
THE URBAN INSTITUTE PURPOSE: RESEARCH GRANT | $30,000 |
THE RAND CORPORATION PURPOSE: RESEARCH GRANT | $213,908 |
TEXAS TECH UNIVERSITY SYS PURPOSE: RESEARCH GRANT | $69,134 |
BOSTON COLLEGE PURPOSE: RESEARCH GRANT | $184,995 |
INDIANA UNIVERSITY OFFICE PURPOSE: CASHCOURSE OPERATIONS | $234,000 |