Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
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
4 people listed on the 990; $1.3M paid to officers and key staff.
Kevin Feltes’s $550K as Director is at the 97th percentile of top reported officer pay among 2832 $1–10M community development 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 · 3 named individuals · Part VII
| Name | FY2025 | FY2024 |
|---|---|---|
| Kevin Feltes | $550,000 | $56,154 |
| Donald Cardinal | $393,711 | $69,003 |
| Bradley Jacobsen | $350,576 | $75,253 |
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
Unifies the financial industry for secure, convenient access to permissioned financial data.
Questions for Financial Data Exchange INC
Your first name shows with your question. Financial Data Exchange INC answers here, for everyone.
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FDX is dedicated to unifying the financial industry around a common standard for the secure and convenience access of permissioned consumer and business financial DATA.GET the latest on CFPB'S final 1033 rule and see why FDX membership puts your organization at the forefront of open banking.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $2.2M |
| Land, buildings, equipmentLn 10c | $552K | $426K |
| Total assetsLn 16 | $2.8M | $3.4M |
| LiabilitiesLn 26 | $2.5M | $2.9M |
| Net assetsLn 32 | $295K | $476K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $1.6M | $1.4M | $239K | |
| Other salaries and wagesLn 7 | $2.2M | $1.9M | $328K | |
| Advertising and promotionLn 12 | $69K | $69K | ||
| Information technologyLn 14 | $112K | $106K | $6K | |
| TravelLn 17 | $214K | $214K | ||
| Depreciation, depletion and amortizationLn 22 | $199K | $199K | ||
| Other expenses (24a–d)Ln 24 | $1.2M | $1.2M | ||
| Total functional expensesLn 25 | $5.6M | $5.0M | $572K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $5.8M | $5.6M | $182K | $476K | 990 PDF |
| FY2024 | $1.1M | $1.6M | −$567K | $295K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $5,764,411 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 4 to look at
Part VIII · Statement of revenue $5,764,411 across 5 lines filed
Part IX · Statement of functional expenses $5,582,825 across 7 lines filed
Part X · Balance sheet $3,423,557 assets, 12 lines filed
Part XI · Reconciliation of net assets $476,407 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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