SOCIETY FOR FINANCIAL EDUCATION & PROFESSIONAL DEVELOPMENT

EIN: 522116419 501(c)(3) Education

ALEXANDRIA, VA

Total Revenue
$1,491,687
Total Expenses
$1,519,588
Total Assets
$540,856
Net Assets
$517,607
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1998
Principal Officer
THEODORE DANIELS
Phone
7039203807
Tax Period
2024-01-01 to 2024-12-31

Society for Financial Educatio PROFESSIONAL DEVELOPMENT INC is a small nonprofit in the Education sector that reported $531K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year.

Mission

TO ENHANCE THE FINANCIAL AND ECONOMIC LITERACY OF INDIVIDUALS AND AMERICAN HOUSEHOLDS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,349,800
Program Service Revenue $130,249
Investment Income $7,701
Other Revenue $3,937
TOTAL REVENUE $1,491,687

Expense Breakdown

Grants Paid $0
Salaries & Benefits $502,091
Fundraising Expenses $54,438
Program Expenses $1,177,746
Other Expenses $1,017,497
TOTAL EXPENSES $1,519,588

Year-over-Year Comparison

2024 2023 Change
Revenue $1,491,687 $1,078,625 +0.4%
Expenses $1,519,588 $1,035,867 +0.5%
Net Income $-27,901 $42,758 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
16
Independent Members
16
Employees
6
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
10
$0
Key Employees
1
$164,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THEODORE DANIELS PRESIDENT 32.00
Key Emp
$157,693 $6,307 $164,000
LEN FOXWELL BOARD MEMBER 5.00
Director
$0 $0 $0
DR GHIRMAY GHEBREYESUS BOARD MEMBER 5.00
Director
$0 $0 $0
DR BARBARA C HOWARD BOARD MEMBER 5.00
Director
$0 $0 $0
DR BARBARA JONES BOARD MEMBER 5.00
Director
$0 $0 $0
JANICE RATTLEY BOARD MEMBER 5.00
Director
$0 $0 $0
DR MOHAMMAD ROBBANI BOARD MEMBER 5.00
Director
$0 $0 $0
BONNIE WALLACE BOARD MEMBER 5.00
Director
$0 $0 $0
ROBERT WESLEY BOARD MEMBER 5.00
Director
$0 $0 $0
DR MARY WHITE BOARD MEMBER 5.00
Director
$0 $0 $0
REV KEISHA PATRICK WILSON BOARD MEMBER 5.00
Director
$0 $0 $0
SCOTT BINDER TREASURER 5.00
Officer
$0 $0 $0
JACKELYN HOWARD SECRETARY 5.00
Officer
$0 $0 $0
MICHAEL PUGH CEO 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,491,687 $1,519,588 $540,856 $-27,901
2023 $1,078,625 $1,035,867 $564,088 $42,758
2022 $834,434 $870,646 $579,329 $-36,212
2021 $1,004,727 $299,078 $615,571 $705,649
2020 $545,882 $420,882 $241,348 $125,000
2019 $429,731 $469,965 $87,037 $-40,234
2018 $530,964 $525,806 $282,016 $5,158
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