Nonprofit · EIN 83-3451365
ECONOMIC FUNDAMENTALS INITIATIVE INC
Tax-exempt · NEWARK, NJ 07105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $994,935 | $1,513,978 | -$519,043 | $1,788,579 | $511 | $1,788,068 |
| December 31, 2024 | 990 | $1,280,709 | $1,459,735 | -$179,026 | $2,328,360 | $0 | $2,328,360 |
| December 31, 2023 | 990 | $1,175,003 | $1,095,501 | $79,502 | $2,537,969 | $0 | $2,537,969 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $890,906
- Program service revenue
- $0
- Investment income
- $102,555
- Other revenue
- $1,474
Expenses
- Grants and similar amounts paid
- $554,221
- Compensation of officers, directors and key employees
- $39,000
- Salaries, compensation and benefits (total)
- $39,000
- Professional fundraising fees
- $0
- Legal fees
- $2,280
- Accounting fees
- $17,400
- Travel
- $102,984
- Program services (functional)
- $1,296,842
- Management and general (functional)
- $108,197
- Fundraising (functional)
- $108,939
Balance sheet and other
- Total assets, start of year
- $2,328,360
- Total assets, end of year
- $1,788,579
- Total liabilities, end of year
- $511
- Net assets, end of year
- $1,788,068
- Net assets without donor restrictions
- $1,756,068
- Net assets with donor restrictions
- $32,000
- Gross receipts
- $994,935
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2019
- State of legal domicile
- NJ
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Randall Filer | President Trustee or director, Officer | 10 | $42,000 |
| Michael Markovitz | Director Trustee or director | 1 | $0 |
| Renita Easiyan | Treasurer Trustee or director, Officer | 1 | $0 |
| Kathy Mone | Director Trustee or director | 1 | $0 |
| Joe DiFiglia | Chair Trustee or director, Officer | 1 | $0 |
| Ilir Hysa | Director Trustee or director | 1 | $0 |
| Kalev Ruberg | Director Trustee or director | 1 | $0 |
| Kesiah Nuttall-Crola | CEO Officer | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDALL K FILER | PRESIDENT Trustee or director, Officer | 10 | $42,000 |
| RENITA ESAYIAN | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL MARKOVITZ | CHAIR Trustee or director, Officer | 1 | $0 |
| KATHLEEN MONE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDALL FILER | PRESIDENT Trustee or director, Officer | 10 | $31,500 |
| RENITA ESAYIAN | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL MARKOVITZ | CHAIR Trustee or director, Officer | 1 | $0 |
| KATHLEEN MONE | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 110 JABEZ STREET STE 1060, NEWARK, NJ 07105-3105
- In care of
- % KESIAH NUTTALL-CROLA
- Principal officer (990 for 2025)
- Kesiah NuttallCrola, 110 Jabez Street Ste 1060, Newark, NJ 07105
- Signed the 990
- KESIAH NUTTALL-CROLA, CEO
- Phone
- (732) 241-7458
- Website
- www.ecofun.org
- Return prepared by
- Mullins PC
Mission
EFI works to expand access to high-quality economic and financial literacy education by supporting students , educators, professionals and institutions across the Western Balkans, Central Asia, South Caucasus and Ukraine.
Program accomplishments
- EFI develops and delivers economic education programs that expand access to economic learning , identify talented students and create pathways for educational and professional opportunity. Activities include teacher training, educational resources, the Economics Olympiad, student engagement initiatives and international partnerships designed to strengthen economics education and support long-term community development across the countries EFI serves.Expenses $1,296,842 · grants $554,221
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 | 990 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
- 83-3451365
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A30)
- Assets (IRS master file)
- $1,788,579
- Income (IRS master file)
- $994,935
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $994,935 | $1,513,978 | $1,788,579 | XML |
| 990 | December 2024 | $1,280,709 | $1,459,735 | $2,328,360 | XML |
| 990 | December 2023 | $1,175,003 | $1,095,501 | $2,537,969 | XML |
| 990 | December 2022 | $1,265,569 | $877,736 | $2,413,035 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 83-3451365).
Questions about ECONOMIC FUNDAMENTALS INITIATIVE INC
- What is the EIN of ECONOMIC FUNDAMENTALS INITIATIVE INC?
- The employer identification number (EIN) of ECONOMIC FUNDAMENTALS INITIATIVE INC is 83-3451365.
- Is ECONOMIC FUNDAMENTALS INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to ECONOMIC FUNDAMENTALS INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC FUNDAMENTALS INITIATIVE 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 ECONOMIC FUNDAMENTALS INITIATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC FUNDAMENTALS INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ECONOMIC FUNDAMENTALS INITIATIVE INC?
- The 990 for the year ended December 31, 2025 names Kesiah NuttallCrola.
- Who are the officers and directors of ECONOMIC FUNDAMENTALS INITIATIVE INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $42,000 (Randall Filer, President).
- How much revenue does ECONOMIC FUNDAMENTALS INITIATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $994,935, expenses of $1,513,978 and total assets of $1,788,579 at year end.
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