Financial Data Exchange INC

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $2,500 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

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.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 99-4484150) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
90¢ of each $1 spent went to programs.
Run by 13 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $193K a year · 6% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 23% of spending
Pay to officers and key staff is 23% of spending.
Part VII, Section A
4.8 mo
of spending, in cash
4.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.9M
86% of total assets
Liabilities are 86% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$5.8M
+446% vs prior year
Spent
$5.6M
To programs
90%
Net assets
$476K
By yearFY2024–FY2025
Revenue
$5.8M
FY2025▲ +446%
Tap a bar for its year
Revenue by fiscal year
FY2024$1.1M
FY2025$5.8M
Expenses
$5.6M
FY2025▲ +244%
Tap a bar for its year
Expenses by fiscal year
FY2024$1.6M
FY2025$5.6M
Net assets
$476K
FY2025▲ +62%
Tap a bar for its year
Net assets by fiscal year
FY2024$295K
FY2025$476K

From the FY2025 Form 990 · see the original

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.

Program services 90% · $5.0M Management & general 10% · $572K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990; $1.3M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Director
$550,000Pt VII · Sec A
Managing Dir
$393,711Pt VII · Sec A
G Counsel &
$350,576Pt VII · Sec A
VP of Financ
$0Pt VII · Sec A

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

NameFY2025FY2024
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.

See Financial Data Exchange INC executive salaries →

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

Tap to ask. Financial Data Exchange INC sees how many people are interested.

Your first name shows with your question. Financial Data Exchange INC answers here, for everyone.

1 program · in their own filed words · FY2025
01

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.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 99-4484150) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Gifts and grantsLn 1h$5.3M
Fees for servicesLn 2g$442K
Investment incomeLn 3$35K
Money outPt IX
$5.6M
Ln 25
Programscol B$5.0M
Managementcol C$572K
Owns and owesPt X
$476K
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$3.4M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.3M
Fees for servicesLn 2g$442K
Investment incomeLn 3$35K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Accounts receivableLn 4$654K
Prepaid expenses and deferred chargesLn 9$114K
Land, buildings, equipmentLn 10c$426K
Total assetsLn 16$3.4M
LiabilitiesLn 26$2.9M
Net assetsLn 32$476K
OperationsPt I, VI
EmployeesI 511
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End 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
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 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

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $5.8M$5.6M$182K$476K 990 PDF
FY2024Filed with the IRS May 15, 2026 $1.1M$1.6M−$567K$295K 990 PDF

Schedules filed Part IV

D · Assets and endowments J · Pay O · Explanations
See the full FY2025 990
Part I · Summary $5,764,411 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,014,577$5,287,150
I-9 Program service revenuePrior year $40,900$441,799
I-10 Investment incomePrior year $1$35,462
I-11 Other revenue$0
I-12 Total revenuePrior year $1,055,478$5,764,411
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $653,287$3,778,230
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $969,063$1,804,595
I-18 Total expensesPrior year $1,622,350$5,582,825
I-19 Revenue less expensesPrior year −$566,872$181,586
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $5,764,411 across 5 lines filed
VIII-1b Membership dues$5,287,150
VIII-1h Total contributions, gifts and grants$5,287,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $441,799$441,799
VIII-3 Investment incomeRelated to mission $35,462$35,462
VIII-12 Total revenueRelated to mission $477,261$5,764,411
Part IX · Statement of functional expenses $5,582,825 across 7 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $1,355,145 · Management $239,143$1,594,288
IX-7 Other salaries and wagesPrograms $1,856,351 · Management $327,591$2,183,942
IX-12 Advertising and promotionPrograms $69,231$69,231
IX-14 Information technologyPrograms $106,125 · Management $5,586$111,711
IX-17 TravelPrograms $213,566$213,566
IX-22 Depreciation, depletion and amortizationPrograms $198,890$198,890
IX-24 Other expenses (24a–d)Programs $1,211,197$1,211,197
IX-25 Total functional expensesPrograms $5,010,505 · Management $572,320 · Fundraising $0$5,582,825
Part X · Balance sheet $3,423,557 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,280,622$2,229,200
X-4 Accounts receivableStart of year $857,399$654,000
X-9 Prepaid expenses and deferred chargesStart of year $99,130$113,980
X-10c Land, buildings and equipment, netStart of year $551,551$426,377
X-16 Total assetsStart of year $2,788,702$3,423,557
X-17 Accounts payable and accrued expensesStart of year $409,355$814,113
X-19 Deferred revenueStart of year $1,715,650$1,755,712
X-25 Other liabilitiesStart of year $368,876$377,325
X-26 Total liabilitiesStart of year $2,493,881$2,947,150
X-27 Net assets without donor restrictionsStart of year $294,821$476,407
X-32 Total net assets or fund balancesStart of year $294,821$476,407
X-33 Total liabilities and net assetsStart of year $2,788,702$3,423,557
Part XI · Reconciliation of net assets $476,407 net assets at year end
XI-1 Total revenue$5,764,411
XI-2 Total expenses$5,582,825
XI-3 Revenue less expenses$181,586
XI-4 Net assets at start of year$294,821
XI-10 Net assets at end of year$476,407

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.