Skip to content
ProPublica Donate
ProPublica Donate

Financial Education & Research Foundation Inc

Ferf

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$3.25M (2023)

Expenses
$3.35M (2023)

Total Assets
$4.7M (2023)

Total Liabilities
$933k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,249,552
Expenses
$3,349,948
Net Income
-$100,396
Net Assets
$3,764,733
Notable Sources of Revenue Percent of Total Revenue
Contributions $451,680
13.9%
Program Services $2,629,004
80.9%
Investment Income $65,963
2.0%
Bond Proceeds $0
Royalties $33,300
1.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $339
0.0%
Net Inventory Sales $3,246
0.1%
Other Revenue $66,020
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,697,755
Total Liabilities $933,022
Net Assets $3,764,733
Compensation
Key Employees and Officers Compensation Related Other
Andrej Suskavcevic (Pres./Ceo Trustee:Ex Officio) $0 $524,498 $40,813
Liliana Devita (Coo & Secretary) $0 $210,231 $36,817
Maria O'grady (Treasurer) $0 $177,155 $25,760
Sri Ramamoorti (Chair) $0 $0 $0
Maggie Martensen (Vice Chair) $0 $0 $0
Lori Tansley (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,972,102
Expenses
$2,909,118
Net Income
$1,062,984
Net Assets
$3,505,304
Notable Sources of Revenue Percent of Total Revenue
Contributions $808,361
20.4%
Program Services $3,030,019
76.3%
Investment Income $43,913
1.1%
Bond Proceeds $0
Royalties $33,300
0.8%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $5,279
0.1%
Other Revenue $51,230
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,733,275
Total Liabilities $1,227,971
Net Assets $3,505,304
Compensation
Key Employees and Officers Compensation Related Other
Andrej Suskavcevic (Pres./Ceo Trustee;Ex Officio) $0 $462,221 $40,979
Liliana Devita (Coo & Secretary) $0 $195,710 $35,720
Maria O'grady (Treasurer) $0 $159,890 $25,025
Michael Bryant (Chair, Trustee) $0 $0 $0
Frank Cesario (Vice Chair, Trustee) $0 $0 $0
Sri Ramamoorti (Vice Chair, Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,255,645
Expenses
$2,645,150
Net Income
$610,495
Net Assets
$2,735,254
Notable Sources of Revenue Percent of Total Revenue
Contributions $586,675
18.0%
Program Services $2,548,147
78.3%
Investment Income $50,407
1.5%
Bond Proceeds $0
Royalties $33,300
1.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $3,099
0.1%
Other Revenue $34,017
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,100,228
Total Liabilities $1,364,974
Net Assets $2,735,254
Compensation
Key Employees and Officers Compensation Related Other
Andrej Suskavcevic (Pres./Ceo Trustee;Ex Officio) $0 $392,521 $35,804
Liliana Devita (Coo & Secretary) $0 $168,097 $34,842
Maria O'grady (Treasurer) $0 $139,904 $22,025
Paul Hensley (Chair, Trustee) $0 $0 $0
Michael Bryant (Vice Chair, Trustee) $0 $0 $0
Jason Yager (Vice Chair, Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,581,929
Expenses
$2,871,049
Net Income
-$289,120
Net Assets
$1,294,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $423,234
16.4%
Program Services $2,026,836
78.5%
Investment Income $51,479
2.0%
Bond Proceeds $0
Royalties $33,300
1.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $4,003
0.2%
Other Revenue $43,077
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,463,411
Total Liabilities $2,169,220
Net Assets $1,294,191
Compensation
Key Employees and Officers Compensation Related Other
Andrej Suskavcevic (Pres./Ceo Trustee;Ex Officio) $0 $400,867 $39,328
Liliana Devita (Coo & Secretary) $0 $171,782 $43,535
Maria O'grady (Treasurer) $0 $141,478 $31,521
Paul Hensley (Chair, Trustee) $0 $0 $0
Sam Eldessouky (Vice Chair, Trustee) $0 $0 $0
Jason Yager (Vice Chair, Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,387,940
Expenses
$3,407,310
Net Income
-$19,370
Net Assets
$1,727,186
Notable Sources of Revenue Percent of Total Revenue
Contributions $473,801
14.0%
Program Services $2,754,970
81.3%
Investment Income $53,282
1.6%
Bond Proceeds $0
Royalties $33,300
1.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,655
0.1%
Other Revenue $69,932
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,895,395
Total Liabilities $1,168,209
Net Assets $1,727,186

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$724,785
Expenses
$722,348
Net Income
$2,437
Net Assets
$1,785,905
Notable Sources of Revenue Percent of Total Revenue
Contributions $566,790
78.2%
Program Services $121,100
16.7%
Investment Income $37,389
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$494
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,190,948
Total Liabilities $405,043
Net Assets $1,785,905
Compensation
Key Employees and Officers Compensation Related Other
Paul Hensley (Chair Trustee) $0 $0 $0
Sam Eldessouky (Vice Chair Trustee) $0 $0 $0
Marie T Gallagher (Vice Chair Trustee) $0 $0 $0
Nicholas R Sucic (Vice Chair Trustee) $0 $0 $0
Jason Yager (Vice Chair Trustee) $0 $0 $0
Hubert D Glover Ph D (Trustee) $0 $0 $0
Sri Ramamoorti Phd (Trustee) $0 $0 $0
Ruud P Roggekamp (Trustee) $0 $0 $0
Terence R Stack (Trustee) $0 $0 $0
Nikhil P Varaiya Ph D (Trustee) $0 $0 $0
Michael J Wood (Trustee) $0 $0 $0
Andrej S Suskavcevic (Pres./Ceo Trustee;Ex Officio) $0 $359,213 $42,698
Maria O'grady (Treasurer) $0 $134,462 $11,523
Liliana Devita (Coo & Secretary) $0 $166,237 $36,202

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$961,619
Expenses
$819,984
Net Income
$141,635
Net Assets
$1,634,444
Notable Sources of Revenue Percent of Total Revenue
Contributions $814,291
84.7%
Program Services $216,000
22.5%
Investment Income $36,264
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$142,826
Sales of Assets $39,391
4.1%
Net Inventory Sales -$1,501
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $100,200
12.2%
Professional Fundraising Fees $0
Other Salaries and Wages $231,846
28.3%
Assets/Debt
Total Assets $2,020,653
Total Liabilities $386,209
Net Assets $1,634,444
Compensation
Key Employees and Officers Compensation Related Other
William Mcnair Sinnett (Cor Sec Up To 12.31.16) $153,933 $0 $21,400
Andrej Suskavcevic (President & Ceo) $0 $345,226 $29,410
Bruce M Goldstein (Trustee) $0 $0 $0
Edward V Weller (Chair) $0 $0 $0
Hubert Glover (Trustee) $0 $0 $0
James Abel (Ex Officio Trustee) $0 $0 $0
Jason Yager (Trustee) $0 $0 $0
Loren Mahon (Ex Officio Trustee) $0 $0 $0
M Arie Theresa Gallagher (Vice Chair) $0 $0 $0
Michael J Wood (Trustee) $0 $0 $0
Nicholas R Sucic (Vice Chair) $0 $0 $0
Nikhil P Varaiya (Trustee) $0 $0 $0
Paul Hensley (Vice Chair) $0 $0 $0
Ruud P Roggekamp (Trustee) $0 $0 $0
Sam Eldessouky (Vice Chair) $0 $0 $0
Sridahar Ramamoorti Ph D (Trustee) $0 $0 $0
Terence Stack (Trustee) $0 $0 $0
Liliana De Vita (Coo/Cor Sec From 1.1.17) $0 $160,155 $22,525
Maria O' Grady (Treasurer) $0 $126,623 $16,722

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$949,091
Expenses
$907,501
Net Income
$41,590
Net Assets
$1,217,347
Notable Sources of Revenue Percent of Total Revenue
Contributions $838,279
88.3%
Program Services $205,000
21.6%
Investment Income $45,812
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$141,230
Sales of Assets -$631
Net Inventory Sales $1,861
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $150,009
16.5%
Professional Fundraising Fees $0
Other Salaries and Wages $282,467
31.1%
Assets/Debt
Total Assets $1,886,965
Total Liabilities $669,618
Net Assets $1,217,347
Compensation
Key Employees and Officers Compensation Related Other
William M Sinnett (Corporate Secretary) $129,110 $0 $19,689
Andrej Suskavcevic (President & Ceo) $0 $131,497 $10,145
Bruce M Goldstein (Trustee) $0 $0 $0
Edward V Weller (Chair) $0 $0 $0
Hubert Glover (Trustee) $0 $0 $0
M Arie Theresa Gallagher (Trustee) $0 $0 $0
Martin C Ross (Trustee) $0 $0 $0
Michael J Wood (Trustee) $0 $0 $0
Monty Garrett (Trustee) $0 $0 $0
Nicholas R Sucic (Vice Chair) $0 $0 $0
Nikhil P Varaiya (Trustee) $0 $0 $0
Paul Hensley (Vice Chair) $0 $0 $0
Paul W Chase (Outgoing Interim President/Treasure) $0 $189,177 $18,993
Ruud P Roggekamp (Trustee) $0 $0 $0
Sam Eldessouky (Vice Chair) $0 $0 $0
Taylor Hawes (E X Offi Cio) $0 $0 $0
Terence Stack (Trustee) $0 $0 $0
Thomas E Feeney (Ex Offi Cio) $0 $0 $0
Maria O' Grady (Treasurer) $0 $105,434 $16,623
Marie Hollein (Former President & Ceo) $0 $593,998 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,021,113
Expenses
$1,066,250
Net Income
-$45,137
Net Assets
$1,584,369
Notable Sources of Revenue Percent of Total Revenue
Contributions $597,058
58.5%
Program Services $180,000
17.6%
Investment Income $35,797
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $70,978
7.0%
Sales of Assets $137,020
13.4%
Net Inventory Sales $260
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $161,942
15.2%
Professional Fundraising Fees $0
Other Salaries and Wages $346,120
32.5%
Assets/Debt
Total Assets $1,863,103
Total Liabilities $278,734
Net Assets $1,584,369
Compensation
Key Employees and Officers Compensation Related Other
Tracy Mcbride (Vp Research & Acctg Policy) $145,299 $0 $23,773
William M Sinnett (Corporate Secretary) $142,351 $0 $18,757
A Merrill Ayers (Vice Chair) $0 $0 $0
Bruce Goldstein (Trustee) $0 $0 $0
Dr M Mark Walker (Trustee) $0 $0 $0
Edward V Weller (Vice Chair) $0 $0 $0
Hubert Glover (Trustee) $0 $0 $0
John Wulff (Ex Office Trustee) $0 $0 $0
Marie Gallagher (Trustee) $0 $0 $0
Marie Hollein (President & Ceo (Thru 12/31)) $0 $597,150 $26,880
Martin C Ross (Trustee) $0 $0 $0
Michael Wood (Trustee) $0 $0 $0
Monty Garrett (Vice Chair) $0 $0 $0
Nikhil Varaiya (Trustee) $0 $0 $0
Paul Hensley (Trustee) $0 $0 $0
Paul W Chase (Interim President/Treasurer) $0 $217,687 $21,449
Raymond Purcell (Chair) $0 $0 $0
Ruud Roggekamp (Trustee) $0 $0 $0
Sam Eldessouky (Trustee) $0 $0 $0
Terence Stack (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,113,089
Expenses
$1,128,705
Net Income
-$15,616
Net Assets
$1,745,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $639,867
57.5%
Program Services $181,500
16.3%
Investment Income $31,718
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $178,107
16.0%
Sales of Assets $77,699
7.0%
Net Inventory Sales $4,198
0.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $157,568
14.0%
Professional Fundraising Fees $0
Other Salaries and Wages $378,187
33.5%
Assets/Debt
Total Assets $2,122,907
Total Liabilities $377,028
Net Assets $1,745,879
Compensation
Key Employees and Officers Compensation Related Other
Tracy Mcbride (Vp Research & Acctg Policy) $141,891 $0 $140,831
William M Sinnett (Sr. Dir, Research & Corp S) $138,984 $0 $13,766
A Merrill Ayers (Vice Chair) $0 $0 $0
Bruce Goldstein (Trustee) $0 $0 $0
Dr M Mark Walker (Trustee) $0 $0 $0
Edward V Weller (Trustee) $0 $0 $0
Gerald R Urich (Ex Officio Trustee) $0 $0 $0
James E Wall (Vice Chair) $0 $0 $0
Marie N Hollein (President & Ceo) $0 $701,172 $24,045
Martin C Ross (Trustee) $0 $0 $0
Mary Jo Green (Trustee) $0 $0 $0
Mary Kay Scucci (Trustee) $0 $0 $0
Prat Bhatt (Chair) $0 $0 $0
Raymond Purcell (Vice Chair) $0 $0 $0
Ruud Roggekamp (Trustee) $0 $0 $0
Terence Stack (Trustee) $0 $0 $0
Thomas D Freeman (Trustee) $0 $0 $0
Valerie A Reardon (Trustee) $0 $0 $0
Paul W Chase (Treasurer) $0 $226,701 $14,650

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$898,291
Expenses
$1,031,668
Net Income
-$133,377
Net Assets
$1,490,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $667,752
74.3%
Program Services $101,075
11.3%
Investment Income $40,722
4.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $83,216
9.3%
Sales of Assets $0
Net Inventory Sales $5,526
0.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $165,134
16.0%
Professional Fundraising Fees $0
Other Salaries and Wages $257,898
25.0%
Assets/Debt
Total Assets $1,859,209
Total Liabilities $368,684
Net Assets $1,490,525

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$986,831
Expenses
$870,163
Net Income
$116,668
Net Assets
$1,283,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $677,882
68.7%
Program Services $151,430
15.3%
Investment Income $28,872
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $111,192
11.3%
Sales of Assets $13,545
1.4%
Net Inventory Sales $3,910
0.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $160,722
18.5%
Professional Fundraising Fees $0
Other Salaries and Wages $223,831
25.7%
Assets/Debt
Total Assets $1,897,100
Total Liabilities $613,322
Net Assets $1,283,778

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,014,265
Expenses
$928,943
Net Income
$85,322
Net Assets
$1,415,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $677,221
66.8%
Program Services $161,615
15.9%
Investment Income $32,961
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $108,573
10.7%
Sales of Assets $19,781
2.0%
Net Inventory Sales $14,114
1.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $222,921
24.0%
Professional Fundraising Fees $0
Other Salaries and Wages $200,394
21.6%
Assets/Debt
Total Assets $1,880,348
Total Liabilities $465,157
Net Assets $1,415,191

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »