Nonprofit · EIN 20-3424094
CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA
Tax-exempt · BIRMINGHAM, AL 35212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $337,500 | $344,658 | -$7,158 | $39,872 | $251,020 | -$211,148 |
| December 31, 2023 | 990 | $363,708 | $313,726 | $49,982 | $136,054 | $338,859 | -$202,805 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $65,200
- of which government grants
- $65,200
- Program service revenue
- $272,300
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $86,379
- Other salaries and wages
- $80,600
- Salaries, compensation and benefits (total)
- $199,371
- Professional fundraising fees
- $0
- Accounting fees
- $21,919
- Occupancy
- $29,616
- Program services (functional)
- $227,000
- Management and general (functional)
- $114,301
- Fundraising (functional)
- $3,357
Balance sheet and other
- Total assets, start of year
- $136,054
- Total assets, end of year
- $39,872
- Total liabilities, end of year
- $251,020
- Net assets, end of year
- -$211,148
- Net assets without donor restrictions
- -$211,148
- Gross receipts
- $337,500
- Employees
- 5
- Year formed
- 2005
- State of legal domicile
- AL
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT WHYRICK | MEMBER,VP,SE Trustee or director, Officer | 40 | $82,726 |
| RICHARD MAUK | PRESIDENT Trustee or director, Officer | 40 | $3,653 |
| JACKIE ANDERSON-SMITH | MEMBER Trustee or director | – | $0 |
| DAVID DONALDSON | MEMBER Trustee or director | – | $0 |
| LILA HACKETT | MEMBER Trustee or director | – | $0 |
| THE HONORABLE ARTHUR J HANES | MEMBER Trustee or director | – | $0 |
| DAVID HERRING | MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT WHYRICK | MEMBER,VP,SE Trustee or director, Officer | 40 | $62,872 |
| RICHARD MAUK | PRESIDENT Trustee or director, Officer | 40 | $7,307 |
| JACKIE ANDERSON-SMITH | MEMBER Trustee or director | – | $0 |
| DAVID DONALDSON | MEMBER Trustee or director | – | $0 |
| LILA HACKETT | MEMBER Trustee or director | – | $0 |
| THE HONORABLE ARTHUR J HANES | MEMBER Trustee or director | – | $0 |
| DAVID HERRING | MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 832 57TH ST S, BIRMINGHAM, AL 35212-4020
- In care of
- % RICHARD K MAUK
- Principal officer (990 for 2024)
- RICHARD MAUK
- Signed the 990
- RICHARD MAUK, PRESIDENT
- Phone
- (205) 321-2822
- Website
- WWW.CFEFA.ORG
- Return prepared by
- CHRISTIAN & DENABURG PC
Mission
TO PROVIDE FINANCIAL MANAGEMENT EDUCATION AND TRAINING, INCLUDING COUNSELING ON RESPONSIBLE USE OF CREDIT, AVAILABILITY OF CREDIT COUNSELING, AND ASSIST IN BUDGETARY ANALYSIS, TO FINANCIALLY TROUBLED INDIVIDUALS AND FAMILIES.
Program accomplishments
- COMPANY PERSONNEL INTERVIEW CLIENTS AND PROVIDE ANALYSIS OF THE FINANCIAL SITUATION. THEY PROVIDE AN ACTION PLAN TO ASSIST IN MEETING BUDGETED GOALS.Expenses $227,000 · revenue $337,500
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3424094
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $39,872
- Income (IRS master file)
- $337,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $337,500 | $344,658 | $39,872 | IRS |
| 990 | December 2023 | $363,708 | $313,726 | $136,054 | XML |
| 990 | December 2022 | $256,885 | $352,454 | $25,717 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 20-3424094).
Questions about CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA
- What is the EIN of CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA?
- The employer identification number (EIN) of CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA is 20-3424094.
- Is CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA 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 CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA 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 CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA?
- The 990 for the year ended December 31, 2024 names RICHARD MAUK.
- Who are the officers and directors of CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $82,726 (SCOTT WHYRICK, MEMBER,VP,SE).
- How much revenue does CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $337,500, expenses of $344,658 and total assets of $39,872 at year end.
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