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Society for Financial Education & Professional Development

EIN 52-2116419 · Ft Washington, MD

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood78 out of 100GovernanceFair59 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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

Income
$1.5 million
Spending
$1.5 million
Spent on programs
78%
Reserves
4.1 months of spending
Largest source of income
donations and private grants, 80%
Employees
6
Volunteers
17
Highest pay
$164,000, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 78 out of 100. Higher than 63% of charities in its peer group (education, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.1 months of spending.

  • Debt

    20 of 20

    It owes 4% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 2% of income.

  • Income trend

    15 of 15

    Income rose 38% on the year before.

  • Spending floor

    15 of 15

    78% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 59 out of 100. Higher than 16% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    16 of 16 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.2 million spent. IN 2024, THE SOCIETY FOR FINANCIAL EDUCATION & PROFESSIONAL DEVELOPMENT (SFEPD) SIGNIFICANTLY ADVANCED ITS MISSION TO ENHANCE FINANCIAL AND ECONOMIC LITERACY ACROSS THE UNITED STATES. THE ORGANIZATION EXPANDED ITS STUDENT AMBASSADOR PROGRAM TO 42 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS), ENGAGING 230 AMBASSADORS WHO FACILITATED PEER-LED FINANCIAL EDUCATION INITIATIVES ON THEIR CAMPUSES. SFEPD ALSO LAUNCHED THE "MIND OVER MONEY SKILLS" CERTIFICATION PROGRAM IN COLLABORATION WITH HAMPTON UNIVERSITY, OFFERING AN EIGHT-MODULE CURRICULUM COVERING ESSENTIAL FINANCIAL TOPICS SUCH AS BUDGETING, CREDIT MANAGEMENT, INVESTING, AND GENERATIONAL WEALTH BUILDING. ADDITIONALLY, SFEPD CONDUCTED A SERIES OF SEMINARS AND WORKSHOPS AIMED AT INDIVIDUALS AND FAMILIES, FOCUSING ON PRACTICAL FINANCIAL SKILLS TO EMPOWER PARTICIPANTS TO MAKE INFORMED ECONOMIC DECISIONS. IN 2024, THE SOCIETY FOR FINANCIAL EDUCATION & PROFESSIONAL DEVELOPMENT (SFEPD) SIGNIFICANTLY ADVANCED ITS MISSION TO ENHANCE FINANCIAL AND ECONOMIC LITERACY ACROSS THE UNITED STATES. THE ORGANIZATION EXPANDED ITS STUDENT AMBASSADOR PROGRAM TO 42 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS), ENGAGING 230 AMBASSADORS WHO FACILITATED PEER-LED FINANCIAL EDUCATION INITIATIVES ON THEIR CAMPUSES. SFEPD ALSO LAUNCHED THE "MIND OVER MONEY SKILLS" CERTIFICATION PROGRAM IN COLLABORATION WITH HAMPTON UNIVERSITY, OFFERING AN EIGHT-MODULE CURRICULUM COVERING ESSENTIAL FINANCIAL TOPICS SUCH AS BUDGETING, CREDIT MANAGEMENT, INVESTING, AND GENERATIONAL WEALTH BUILDING. ADDITIONALLY, SFEPD CONDUCTED A SERIES OF SEMINARS AND WORKSHOPS AIMED AT INDIVIDUALS AND FAMILIES, FOCUSING ON PRACTICAL FINANCIAL SKILLS TO EMPOWER PARTICIPANTS TO MAKE INFORMED ECONOMIC DECISIONS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 1998.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.