Nonprofit · EIN 11-3795547
FINANCIAL EDUCATION ASSOCIATES INC
Tax-exempt · ROXBURY, MA 02119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $194,940 | $199,950 | -$5,010 | $229,170 | $3,861 | $225,309 |
| December 31, 2023 | 990 | $219,768 | $166,983 | $52,785 | $234,312 | $3,993 | $230,319 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $30,535
- Program service revenue
- $164,123
- Other revenue
- $282
Expenses
- Compensation of officers, directors and key employees
- $102,649
- Salaries, compensation and benefits (total)
- $163,659
- Professional fees and payments to contractors
- $12,333
- Printing, publications and postage
- $303
- Other expenses
- $23,655
- Program services (functional)
- $117,801
Balance sheet and other
- Total assets, start of year
- $234,312
- Total assets, end of year
- $229,170
- Total liabilities, end of year
- $3,861
- Net assets, end of year
- $225,309
- Cash, savings and investments
- $229,170
- Gross receipts
- $194,940
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENISHA MCDONALD | EXECUTIVE DIRECTOR | 40 | $102,649 | $7,449 |
| AIDA FRANQUIZ | BOARD CHAIR | 1 | $0 | $0 |
| MICHELLE MEISER | TREASURER | 1 | $0 | $0 |
| ISABEL S CRUZ | CLERK | 1 | $0 | $0 |
| ANGELO S NUBY | BOARD MEMBER | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACQUELINE COOPER | EXECUTIVE DIRECTOR Officer | 40 | $94,000 | $2,022 |
| AIDA FRANQUIZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE MEISER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ISABEL S CRUZ | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| ANGELO S NUBY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 184 DUDLEY ST STE 200, ROXBURY, MA 02119-2556
- In care of
- % JACQUELINE L COOPER
- Signed the 990-EZ
- DENISHA MCDONALD, EXECUTIVE DIRECTOR
- Phone
- (888) 839-0963
- Return prepared by
- SMITH SULLIVAN & BROWN PC
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE UNBIASED INFORMATION TO MASSACHUSETTS LOW AND MODERATE-INCOME RESIDENTS ORGANIZING THEIR FINANCES TO ACHIEVE LARGER FINANCIAL GOALS. THESE GOALS INCLUDE HOME PURCHASES, EDUCATION, ENTREPRENEURSHIP AND RETIREMENT.
Program accomplishments
- TO PROVIDE HOME BUYER AND FINANCIAL EDUCATION CLASSES (SERVICES) TO INDIVIDUALS.Expenses $117,801
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3795547
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $229,170
- Income (IRS master file)
- $194,940
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $194,940 | $199,950 | $229,170 | XML |
| 990 | December 2023 | $219,768 | $166,983 | $234,312 | XML |
| 990 | December 2022 | $233,318 | $160,582 | $199,493 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3795547).
Questions about FINANCIAL EDUCATION ASSOCIATES INC
- What is the EIN of FINANCIAL EDUCATION ASSOCIATES INC?
- The employer identification number (EIN) of FINANCIAL EDUCATION ASSOCIATES INC is 11-3795547.
- Is FINANCIAL EDUCATION ASSOCIATES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FINANCIAL EDUCATION ASSOCIATES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINANCIAL EDUCATION ASSOCIATES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FINANCIAL EDUCATION ASSOCIATES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FINANCIAL EDUCATION ASSOCIATES INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of FINANCIAL EDUCATION ASSOCIATES INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $102,649 (DENISHA MCDONALD, EXECUTIVE DIRECTOR).
- How much revenue does FINANCIAL EDUCATION ASSOCIATES INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $194,940, expenses of $199,950 and total assets of $229,170 at year end.
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