Nonprofit · EIN 27-3842735
1 WISER CONSUMER EDUCATION INC
Tax-exempt · PLANO, TX 75093
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $275,659 | $438,580 | -$162,921 | $128,788 | $701,627 | -$572,839 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $275,659
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $3,495
- Professional fundraising fees
- $0
- Legal fees
- $3,501
- Occupancy
- $7,618
- Depreciation
- $2,389
- Program services (functional)
- $238,724
- Management and general (functional)
- $199,856
Balance sheet and other
- Total assets, start of year
- $130,449
- Total assets, end of year
- $128,788
- Total liabilities, end of year
- $701,627
- Net assets, end of year
- -$572,839
- Gross receipts
- $275,659
- Employees
- 2
- Year formed
- 2012
- State of legal domicile
- TX
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ART BASMAJIAN | EXECUTIVE Trustee or director, Officer | 20 | $30,000 |
| MIGUEL AGUILAR | MANAGER Key employee | 20 | $14,400 |
Address and contacts
- Address (IRS master file)
- 1400 PRESTON RD STE 499, PLANO, TX 75093-5186
- In care of
- % ELIZABETH HUBBARD
- Mailing address (990-N for 2019)
- 2295 South Hiawassee Rd Ste 104, Orlando FL 32835
- Principal officer (990 for 2024)
- ART BASMAJIAN, 1400 PRESTON RD, Plano, TX 75093
- Principal officer (990-N for 2019)
- David Alecock, 2295 South Hiawassee Rd Ste 104, Orlando FL 32835
- Signed the 990
- ART BASMAJIAN, DIRECTOR
- Phone
- (877) 274-9479
- Website
- www.1dollarwiser.com
- Return prepared by
- LATIFF CHAGPAR CPA MBA PC
Mission
1 WISER CONSUMER EDUCATION INC PROVIDES FINANCIAL LITERACY PROGRAMS TO INDIVIDUALS AND THEIR FAMILIES THAT ARE SUFERRING FROM FINANCIAL DISTRESS.
Program accomplishments
- OUR CREDIT COUNSELING COURSE PROVIDES FINANCIAL EDUCATION WITH A FOCUS ON THE CLIENTS INCOME AND EXPENSES TO DEVELOP A WORKING BUDGET FOR THEIR HOUSEHOLD, OUR DEBTOR EDUCATION COURSE PROVIDES FINANCIAL EDUCATIONWITH A FOCUS ON MONEY MANAGEMENT AND WISEUSE OF CREDIT.
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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3842735
- 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
- 2012
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $128,788
- Income (IRS master file)
- $275,659
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | – | – | – | IRS |
| 990 | October 2024 | – | – | – | IRS |
| 990 | October 2023 | $312,357 | $407,344 | $177,873 | IRS |
| 990 | October 2022 | – | – | – | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: David Alecock | October 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about 1 WISER CONSUMER EDUCATION INC
- What is the EIN of 1 WISER CONSUMER EDUCATION INC?
- The employer identification number (EIN) of 1 WISER CONSUMER EDUCATION INC is 27-3842735.
- Is 1 WISER CONSUMER EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to 1 WISER CONSUMER EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 1 WISER CONSUMER EDUCATION 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 1 WISER CONSUMER EDUCATION INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 1 WISER CONSUMER EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of 1 WISER CONSUMER EDUCATION INC?
- The 990 for the year ended October 31, 2025 names ART BASMAJIAN.
- Who are the officers and directors of 1 WISER CONSUMER EDUCATION INC?
- The 990 for the year ended October 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $30,000 (ART BASMAJIAN, EXECUTIVE).
- How much revenue does 1 WISER CONSUMER EDUCATION INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $275,659, expenses of $438,580 and total assets of $128,788 at year end.
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