Financial Education & Research Foundation Inc
- Assets
- $4.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 08/1946
- Data as of
- 06/2023
- EIN
- 23-7063497
Organization Overview
Financial Education & Research Foundation Inc, operating under the name Ferf, is located in Morristown, NJ. The organization was established in 1946. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferf is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Ferf generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 20.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE PROFESSION AND PRACTICES OF FINANCIAL MANAGEMENT THROUGH EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PRODUCED TWO FLAGSHIP CONFERENCES, TEN VIRTUAL EVENTS AND DEEP-DIVE TECHNICAL TRAINING COURSES, ALONG WITH 78 WEBINARS WITH FEI'S MARKETING PARTNERS TO FURTHER THE PROFESSIONAL DEVELOPMENT AND GROWTH OF MEMBERS AND ATTENDEES (APPROXIMATELY 9,300 REGISTRANTS).
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrej Suskavcevic Pres./ceo-Trustee:ex-Officio | OfficerTrustee | 2 | $0 |
Liliana Devita COO & Secretary | Officer | 2 | $0 |
Maria O'grady Treasurer | Officer | 2 | $0 |
Sri Ramamoorti Chair | OfficerTrustee | 1 | $0 |
Maggie Martensen Vice Chair | OfficerTrustee | 1 | $0 |
Lori Tansley Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $451,680 |
| Total Program Service Revenue | $2,629,004 |
| Investment income | $65,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $33,300 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $339 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,246 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,249,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,868 |
| Fees for services: Accounting | $16,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,437 |
| Advertising and promotion | $77,166 |
| Office expenses | $10,459 |
| Information technology | $130,935 |
| Royalties | $0 |
| Occupancy | $27,933 |
| Travel | $18,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,293,926 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,349,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,013 |
| Savings and temporary cash investments | $575,720 |
| Pledges and grants receivable | $256,248 |
| Accounts receivable, net | $1,079,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,201 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,600,388 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,811 |
| Total assets | $4,697,755 |
| Accounts payable and accrued expenses | $391,668 |
| Grants payable | $0 |
| Deferred revenue | $541,354 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $933,022 |
| Net assets without donor restrictions | $3,764,733 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,697,755 |