National Endowment For Financial Education
- Assets
- $147.6m
- Revenue
- $20.3m
- Investments
- $138.4m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 06/2005
- Data as of
- 12/2021
- 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 (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown 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 12/2021, National Endowment For Financial Education generated $20.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $7.5m during the year ending 12/2021. 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 $2,826,736. 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
2021
Describe the Organization's Program Activity:
RESEARCH, GRANT FUNDING & EDUCATIONAL RESOURCES: FUNDING IS PROVIDED FOR RESEARCH WITH THE POTENTIAL TO CONTRIBUTE TO THE FINANCIAL EDUCATION FIELD AND SEEKS TO IMPROVE THE PUBLIC'S FINANCIAL WELL-BEING. NEFE HAS FIVE RESEARCH STUDIES ONGOING AND HAS FUNDED 37 RESEARCH PROJECTS SINCE 2006. NEFE DOES NOT FUND PROJECTS THAT HAVE COMMERCIAL OR PROPRIETARY ELEMENTS OR ARE RELATED TO THE PILOT, DEVELOPMENT, EXECUTION, EVALUATION, EXPANSION OR ADMINISTRATION OF SPECIFIC PROGRAMS, COURSES OR CURRICULA. IN 2021, NEFE RETIRED THE HIGH SCHOOL FINANCIAL PLANNING PROGRAM AND SMART ABOUT MONEY, AND TRANSFERRED OWNERSHIP OF CASHCOURSE TO THE HIGHER EDUCATION FINANCIAL WELLNESS ALLIANCE. FOR TWO YEARS, NEFE WILL REMAIN A CONSULTANT AND PROVIDE GRANT FUNDING TOTALING $334,000 FOR ADMINISTRATIVE COSTS TO MAINTAIN THE PLATFORM.
AWARENESS, PARTNERSHIPS & POLICY DISCUSSION CONVENINGS: NEFE PARTNERS WITH MISSION-ALIGNED ORGANIZATIONS FOR JOINT EFFORTS TO SHAPE, DELIVER AND PROMOTE PROGRAMS, INITIATIVES AND RESEARCH. OUR PARTNERSHIPS SPAN SOCIAL SERVICES, EDUCATION AND MEDIA ORGANIZATIONS. IN 2021, NEFE HAD NEARLY 40 ACTIVE PARTNERSHIPS, SPONSORED AND PARTICIPATED IN CONFERENCES, ADVISED ON INITIATIVES FOR LIKE-MINDED ORGANIZATIONS AND WAS AN EXPERT COMMENTATOR IN A DOCUMENTARY. NEFE AND THE COUNCIL FOR ECONOMIC EDUCATION HOSTED FIVE FINANCIAL EDUCATION POLICY CONVENINGS WITH STAKEHOLDERS FROM 44 STATES AND PROVIDED AN OPEN FORUM TO LEARN AND LISTEN ABOUT MANY AREAS OF STATEWIDE FINANCIAL EDUCATION POLICY AND PROGRAMMING. NEFE THEN DISSEMINATED INFORMATION FROM THESE CONVENINGS IN THE FORM OF SUMMARIES, MEDIA CONTENT, PRESENTATIONS AND PODCAST EPISODES (TO CONTINUE INTO 2022).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Hensley President & CEO | 40 | $399,316 | |
Joanne Flores Moses Treasurer & CFO | 40 | $248,286 | |
Chris Shannon VP External Affairs | 40 | $192,163 | |
Annette Fowler Sr. Dir., Operations | 40 | $145,153 | |
Brian Ford Secretary & Chief Of Staff | 40 | $124,623 | |
Jill Jones Managing Dir. Resear | 40 | $109,582 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Advisors | 12/30/21 | $251,667 |
One Touch Point | 12/30/21 | $171,953 |
Optimum Networking | 12/30/21 | $152,287 |
The Hanover Research Council Llc | 12/30/21 | $120,990 |
Wellington Trust Co | 12/30/21 | $214,431 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,442 |
| Interest on Savings | $852 |
| Dividends & Interest | $1,128,097 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,750,558 |
| Capital Gain Net Income | $15,728,648 |
| Net ST Capital Gain | $1,277,115 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,394,395 |
| Total Revenue | $20,278,344 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $833,669 |
| Other employee salaries and wages | $2,037,701 |
| Pension plans, employee benefits | $1,052,871 |
| Interest | $0 |
| Taxes | $114,585 |
| Depreciation | $0 |
| Occupancy | $533,905 |
| Travel, conferences, and meetings | $108,283 |
| Printing and publications | $0 |
| Other expenses | $796,149 |
| Total operating and administrative expenses | $7,106,843 |
| Contributions, gifts, grants paid | $416,662 |
| Total expenses and disbursements | $7,523,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,179,209 |
| 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 | $96,425,982 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $147,623,294 |
| 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 $1,203,848 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
RAND CORPORATION PURPOSE: INCOME SHARE AGREEMENT LANDSCAPE | $241,210 |
INDIANA UNIVERSITY OFFICE OF THE TREASURY PURPOSE: CASH COURSE DONATION | $234,000 |
BOSTON COLLEGE PURPOSE: IMPROVING MEASURES OF FINANCIAL LITERACY, WELLNESS, AND ATTITUDES AMONG COLLEGE STUDENTS | $220,559 |
THE UNIVERSITY OF ARIZONA PURPOSE: RESEARCH GRANT | $101,077 |
INDIANA UNIVERSITY OFFICE OF THE TREASURY PURPOSE: CASH COURSE DONATION | $100,000 |
AFCPE PURPOSE: PHILANTHROPIC GRANT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Endowment For Financial Education has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL PURPOSE: EDUCATIONAL GRANT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prairiestar Health Center Inc Hutchinson, KS | $20,070,980 | $16,706,412 |
Community Action Partnership Of Lancaster And Saunders Counties Lincoln, NE | $12,349,644 | $14,460,530 |
Coloradans For Responsible Energy Development Denver, CO | $1,966,473 | $10,490,943 |
Mercy Housing West Denver, CO | $50,068,396 | $10,621,235 |
National Endowment For Financial Education Denver, CO | $147,623,294 | $20,278,344 |
Comite De Bienestar Inc San Luis, AZ | $20,869,855 | $8,413,833 |
Encompass Health Services Incorporated Page, AZ | $5,896,055 | $7,419,352 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Foundation For Human Enrichment Boulder, CO | $2,136,031 | $6,488,399 |
Colorado Chautauqua Association Boulder, CO | $13,715,907 | $9,331,518 |
U S A Shooting Colorado Springs, CO | $5,222,065 | $5,626,398 |
Omni Institute Denver, CO | $3,660,752 | $5,176,918 |