Nonprofit · EIN 82-2842970
FINREGLAB INC
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,899,572 | $3,792,211 | -$892,639 | $1,675,333 | $781,936 | $893,397 |
| December 31, 2023 | 990 | $3,438,618 | $2,958,484 | $480,134 | $2,334,531 | $539,087 | $1,795,444 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,682,600
- Program service revenue
- $219,062
- Investment income
- -$2,140
- Net gain from sales of assets
- -$2,140
- Other revenue
- $50
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,252,933
- Other salaries and wages
- $374,655
- Salaries, compensation and benefits (total)
- $1,842,845
- Professional fundraising fees
- $0
- Legal fees
- $1,186
- Accounting fees
- $67,930
- Occupancy
- $56,437
- Travel
- $79,762
- Depreciation
- $15,728
- Program services (functional)
- $2,710,336
- Management and general (functional)
- $1,081,875
Balance sheet and other
- Total assets, start of year
- $2,334,531
- Total assets, end of year
- $1,675,333
- Total liabilities, end of year
- $781,936
- Net assets, end of year
- $893,397
- Land, buildings and equipment
- $20,428
- Net assets without donor restrictions
- $409,642
- Net assets with donor restrictions
- $483,755
- Gross receipts
- $2,918,539
- Employees
- 13
- Volunteers
- 10
- Year formed
- 2017
- State of legal domicile
- DC
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 | Other / benefits |
|---|---|---|---|---|
| MELISSA KOIDE | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $288,297 | $25,503 |
| KELLY THOMPSON COCHRAN | DEPUTY DIRECTOR/SECRETARY & TREASURER Officer | 40 | $262,226 | $32,157 |
| ZIHSUN ZHAO | SENIOR DATA SCIENTIST Highest-paid employee | 40 | $195,569 | $21,391 |
| KERRIGAN B MOLLAND | SR. FINANCE & BUSINESS OPERATIONS MANAGER Key employee | 40 | $174,074 | $3,655 |
| KARLA RENSCHLER | DIRECTOR OF SMALL BUSINESS RESEARCH Highest-paid employee | 40 | $163,630 | $9,503 |
| PAULA OCHIEL | SENIOR RESEARCH ANALYST Highest-paid employee | 40 | $108,208 | $0 |
| NANCY CASTILLO | CHIEF OPEARTING OFFICER Officer | 40 | $65,011 | $4,417 |
| SARAH DAVIES | CHIEF ANALYTICS OFFICER Officer | 40 | $7,500 | $0 |
| AMY FRIEND | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JO ANN BAREFOOT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARLA BLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALEXANDER ACREE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE CALHOUN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN CROXSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COURTNEY HODAPP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KABIR KUMAR | BOARD MEMBER Trustee or director | 1 | $0 |
| CANTWELL FAULKNER MUCKENFUSS III | BOARD MEMBER Trustee or director | 1 | $0 |
| LISA RICE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA KOIDE | CEO Trustee or director, Officer | 40 | $275,140 |
| KELLY THOMPSON COCHRAN | SECRETARY & TREASURER Trustee or director, Officer | 40 | $224,668 |
| ZIHSUN ZHAO | SENIOR DATA SCIENTIST Trustee or director, Officer | 40 | $179,144 |
| KERRIGAN B MOLLAND | EMPLOYEE Highest-paid employee | 40 | $134,456 |
| NATALIA BAILEY | EMPLOYEE Highest-paid employee | 40 | $124,845 |
| NANCY CASTILLO | CHIEF OPEARTING OFFICER Trustee or director, Officer | 40 | $118,634 |
| SARAH DAVIES | CHIEF ANALYTICS OFFICER Trustee or director, Officer | 30 | $116,706 |
| AMY FRIEND | BOARD CHAIR Trustee or director | 1 | $0 |
| JO ANN BAREFOOT | BOARD MEMBER Trustee or director | 1 | $0 |
| MARLA BLOW | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXANDER ACREE | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE CALHOUN | BOARD MEMBER Trustee or director | 1 | $0 |
| KAREN CROXSON | BOARD MEMBER Trustee or director | 1 | $0 |
| COURTNEY HODAPP | BOARD MEMBER Trustee or director | 1 | $0 |
| KABIR KUMAR | BOARD MEMBER Trustee or director | 1 | $0 |
| CANTWELL FAULKNER MUCKENFUSS III | BOARD MEMBER Trustee or director | 1 | $0 |
| LISA RICE | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1701 K ST NW STE 1150, WASHINGTON, DC 20006-1516
- In care of
- % MELISSA KOIDE
- Principal officer (990 for 2024)
- MELISSA KOIDE, 1701 K ST NW STE 1150, WASHINGTON, DC 20006
- Signed the 990
- MELISSA KOIDE, CEO
- Phone
- (202) 951-4088
- Website
- FINREGLAB.ORG
- 990-N for 2017 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Melissa Koide, 4639 23rd Street North, Arlington VA 22207. Mailing address: 805 15th Street NW Suite 1100, Washington DC 20005. Website: https://finreglab.org
- Return prepared by
- EASY OFFICE DBA JITASA
Mission
FINREGLAB IS A D.C.-BASED RESEARCH ORGANIZATION WORKING AT THE INTERSECTION OF FINANCIAL INNOVATION AND PUBLIC POLICY. OUR MISSION IS TO ADVANCE TECHNOLOGY AND DATA USE TO HELP PEOPLE AND SMALL BUSINESSES MANAGE THEIR FINANCIAL LIVES, WEATHER ECONOMIC SHOCKS, AND BUILD LONG-TERM SECURITY.
Program accomplishments
- AI IN FINANCIAL SERVICES: THE ORGANIZATION CONDUCTS EMPIRICAL RESEARCH AND FACILITATES DIALOGUE ACROSS THE PUBLIC POLICY, FINANCIAL, TECHNOLOGY, ADVOCACY, AND ACADEMIC SECTORS TO EXAMINE THE POTENTIAL OF ARTIFICIAL INTELLIGENCE (AI)/MACHINE LEARNING (ML) TO IMPROVE FINANCIAL INCLUSION AND FINANCIAL WELL-BEING. THE WORK ALSO INCLUDES EXAMINING AI/ML ACROSS A VARIETY OF FINANCIAL SECTOR USE CASES TO EVALUATE CUSTOMER IMPACT, MARKET PRACTICES, AND PUBLIC POLICY.Expenses $1,429,415 · revenue $54,467
- SMALL BUSINESS RESEARCH: THE ORGANIZATION IS CONDUCTING RESEARCH INTO THE VALUE OF BANK ACCOUNTS AND OTHER NON-TRADITIONAL DATA FOR INCREASING CREDIT ACCESS TO MINORITY BUSINESS ENTERPRISES AND OTHER SMALL COMPANIES. THE PROGRAM IS ALSO FOCUSED ON HELPING MISSION-BASED LENDERS INCREASE THE SCALE OF THEIR OPERATIONS.Expenses $915,976
- PROGRAM RESEARCH - THIS PROGRAM INCLUDES EXPLORATORY AND PLANNING WORK FOR FUTURE EMPIRICAL PROJECT OPPORTUNITIES AND SMALLER PROGRAM INITIATIVES THAT ADVANCE THE ORGANIZATION'S MISSION OF INTERROGATING TECHNOLOGY AND DATA FOR FINANCIAL INCLUSION AND FINANCIAL WELL-BEING.Expenses $248,036 · revenue $113,500
- OTHER PROGRAMS: CASH-FLOW ANALYSIS FOR ASSESSING DISTRESSED BORROWERS AND INTERNATIONAL DATA & TECHNOLOGY IN CREDIT UNDERWRITINGExpenses $116,909 · revenue $51,096
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
- 82-2842970
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U05)
- Assets (IRS master file)
- $1,675,333
- Income (IRS master file)
- $2,918,539
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,899,572 | $3,792,211 | $1,675,333 | XML |
| 990 | December 2023 | $3,438,618 | $2,958,484 | $2,334,531 | XML |
| 990 | December 2022 | $2,865,900 | $1,900,789 | $1,456,609 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Melissa Koide Filed under this EIN, most likely by a chapter or affiliate | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-2842970).
Questions about FINREGLAB INC
- What is the EIN of FINREGLAB INC?
- The employer identification number (EIN) of FINREGLAB INC is 82-2842970.
- Is FINREGLAB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to FINREGLAB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINREGLAB 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 FINREGLAB 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 FINREGLAB INC 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 FINREGLAB INC?
- The 990 for the year ended December 31, 2024 names MELISSA KOIDE.
- Who are the officers and directors of FINREGLAB INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 8 received compensation from the organization, the highest $288,297 (MELISSA KOIDE, CHIEF EXECUTIVE OFFICER).
- How much revenue does FINREGLAB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,899,572, expenses of $3,792,211 and total assets of $1,675,333 at year end.
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