Napfa Consumer Education Foundation FY2024 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2004EducationEIN 20-2025908Revenue $235K in FY2024

On file with the IRSnapfafoundation.org8700 W Bryn Mawr Ave Ste 700n, 60631-3503 · Chicago, ILTax-exempt since Feb 2006Publicly supported charity — 170(b)(1)(A)(vi)

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Educate consumers about basic financial matters and to help them identify financial services that are in their best interest. Ncef's goal is to enable consumers across the country to become confident and proactive about the full range of financial issues they face.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $76K a year · 43% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $34K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$235K
+270% vs prior year
Spent
$109K
To programs
51%
Net assets
$511K
By yearFY2020–FY2025
Revenue
$235K
FY2024▲ +270%
Tap a bar for its year
Revenue by fiscal year
FY2020$98K
FY2021$77K
FY2022$205K
FY2023$64K
FY2024$235K
FY2025$199K
Expenses
$109K
FY2024▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$45K
FY2023$87K
FY2024$109K
FY2025$158K
Net assets
$511K
FY2024▲ +53%
Tap a bar for its year
Net assets by fiscal year
FY2020$193K
FY2021$214K
FY2022$359K
FY2023$334K
FY2024$511K
FY2025$579K

From the FY2024 Form 990 (year ending August 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $56K Management & general 35% · $38K Fundraising 14% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Liason
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Harkey’s $42K as Program Officer is at the 33rd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Robert Harkey$42,424$40,798

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates consumers on financial matters and helps them find suitable services.

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Provided by the organization

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1 program · $56K · in their own filed words · FY2023
01

Web site "turning americans into confident and proactive financial decision makers" assists consumers with financial decisions and major life transactions. Consumers are able to select the transition in their life that is relevant to their current situations and immediately learn more about financial tasks inherent with that transition.

$56Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$34K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$235K
Ln 12
Gifts and grantsLn 1h$235K
Investment incomeLn 3$10K
Money outPt IX
$109K
Ln 25
Programscol B$56K
Managementcol C$38K
Fundraisingcol D$15K
Owns and owesPt X
$511K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$524K
LiabilitiesLn 26$13K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$235K
Investment incomeLn 3$10K
Gains on assetsLn 7−$10K
Total revenueLn 12$235K
Assets in detailPt X, end of year
CashLn 1$60K
Cash and savings togetherLn 1–2$60K
InvestmentsLn 11–13$464K
Total assetsLn 16$524K
LiabilitiesLn 26$13K
Net assetsLn 32$511K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$210K$60K
InvestmentsLn 11–13$141K$464K
Total assetsLn 16$351K$524K
LiabilitiesLn 26$17K$13K
Net assetsLn 32$334K$511K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Other salaries and wagesLn 7$66K$26K$26K$13K
Pension plan contributionsLn 8$1K$468$468$235
Payroll taxesLn 10$5K$2K$2K$1K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$3K$1K$1K$668
Information technologyLn 14$2K$726$726$364
TravelLn 17$3K$3K
Other expenses (24a–d)Ln 24$18K$18K$550
All other expensesLn 24e$51$51
Total functional expensesLn 25$109K$56K$38K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $199K$158K$42K$579K 990 PDF
FY2024 Viewing $235K$109K$126K$511K 990 PDF
FY2023 $64K$87K−$23K$334K 990 PDF
FY2022 $205K$45K$160K$359K 990 PDF
FY2021 $77K$214K 990 PDF
FY2020 $98K$193K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $235,263 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,637$235,472
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,876−$209
I-11 Other revenuePrior year $34$0
I-12 Total revenuePrior year $63,547$235,263
I-13 Grants and similar amounts paidPrior year $1,100$3,900
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $62,233$72,094
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,691$32,833
I-18 Total expensesPrior year $87,024$108,827
I-19 Revenue less expensesPrior year −$23,477$126,436
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $235,263 across 5 lines filed
VIII-1f All other contributions, gifts and grants$235,472
VIII-1h Total contributions, gifts and grants$235,472
VIII-3 Investment incomeExcluded from tax $10,148$10,148
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$10,357−$10,357
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$209$235,263
Part IX · Statement of functional expenses $108,827 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $3,900$3,900
IX-7 Other salaries and wagesPrograms $26,238 · Management $26,238 · Fundraising $13,119$65,595
IX-8 Pension plan contributionsPrograms $468 · Management $468 · Fundraising $235$1,171
IX-10 Payroll taxesPrograms $2,131 · Management $2,131 · Fundraising $1,066$5,328
IX-11g Other fees for servicesManagement $6,318$6,318
IX-13 Office expensesPrograms $1,335 · Management $1,335 · Fundraising $668$3,338
IX-14 Information technologyPrograms $726 · Management $726 · Fundraising $364$1,816
IX-17 TravelPrograms $2,898$2,898
IX-24 Other expenses (24a–d)Programs $17,862 · Management $550$18,412
IX-24e All other expensesManagement $51$51
IX-25 Total functional expensesPrograms $55,558 · Management $37,817 · Fundraising $15,452$108,827
Part X · Balance sheet $523,795 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $210,122$59,532
X-11 Publicly traded securitiesStart of year $141,243$464,263
X-16 Total assetsStart of year $351,365$523,795
X-25 Other liabilitiesStart of year $17,480$13,092
X-26 Total liabilitiesStart of year $17,480$13,092
X-27 Net assets without donor restrictionsStart of year $333,885$510,703
X-32 Total net assets or fund balancesStart of year $333,885$510,703
X-33 Total liabilities and net assetsStart of year $351,365$523,795
Part XI · Reconciliation of net assets $510,703 net assets at year end
XI-1 Total revenue$235,263
XI-2 Total expenses$108,827
XI-3 Revenue less expenses$126,436
XI-4 Net assets at start of year$333,885
XI-5 Net unrealized gains (losses) on investments$50,382
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$510,703

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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