Nonprofit · EIN 35-2603353
INSTITUTE FOR FINANCIAL AWARENESS INC
Tax-exempt (reinstated) · GAITHERSBURG, MD 20878
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $14,461 | $7,909 | $6,552 | $913 | $0 | $913 |
| December 31, 2024 | 990 | $2,940 | $11,483 | -$8,543 | $4,361 | $10,000 | -$5,639 |
| December 31, 2023 | 990 | $1,223 | $18,523 | -$17,300 | $12,904 | $10,000 | $2,904 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $14,461
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $7,909
Balance sheet and other
- Total assets, start of year
- $4,361
- Total assets, end of year
- $913
- Total liabilities, end of year
- $0
- Net assets, end of year
- $913
- Net assets without donor restrictions
- $913
- Gross receipts
- $14,461
- Employees
- 0
- Year formed
- 2017
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LALIANA G HERMAN | DIRECTOR Trustee or director | – | $0 |
| NICHOLAS F HERMAN | CEO Trustee or director, Officer | – | $0 |
| ERIC J SEBOLD | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LALIANA G HERMAN | DIRECTOR Trustee or director | – | $0 |
| NICHOLAS F HERMAN | CEO Trustee or director, Officer | – | $0 |
| ERIC J SEBOLD | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LALIANA G HERMAN | DIRECTOR Trustee or director | – | $0 |
| NICHOLAS F HERMAN | CEO Trustee or director, Officer | – | $0 |
| ERIC J SEBOLD | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 17B FIRSTFIELD RD STE 108, GAITHERSBURG, MD 20878-1785
- Mailing address (990-N for 2018)
- 17B FIRSTFIELD ROAD SUITE 108, GAITHERSBURG MD 20878
- Principal officer (990 for 2025)
- NICHOLAS F HERMAN, 124 CROWN FARM AVENUE, GAITHERSBURG, MD 20878
- Principal officer (990-N for 2018)
- NICHOLAS F HERMAN, 124 CROWN FARM AVENUE, GAITHERSBURG MD 20878
- Signed the 990
- NICHOLAS F HERMAN, CEO
- Phone
- (240) 252-3408
- Website
- IFAONLINE.ORG
- Return prepared by
- MARKOWITZ LLC
Mission
TO PROVIDE FREE FINANCIAL EDUCATIONAL RESOURCES TO THE PUBLIC AND AS A RESULT OF THIS TO HELP INDIVIDUALS BECOME MORE FISCALLY FIT BY UNDERSTANDING FINANCIAL PITFALLS THAT THEY MAY ENCOUNTER IN THEIR EVERYDAY LIVES.
Program accomplishments
- THE FOUNDATION IS PLANNING TO EDUCATE EMPLOYEES OF VARIOUS ORGANIZATIONS ON FINANCIAL PITFALLS THAT THEY MAY ENCOUNTER IN THEIR LIVES AND PROVIDE THEM WITH RESOURSES THAT CAN HELP THEM THROUGH THOSE PITFALLS.
- THE FOUNDATION IS PLANNING TO EDUCATE EMPLOYEES OF VARIOUS ORGANIZATIONS ON FINANCIAL PITFALLS THAT THEY MAY ENCOUNTER IN THEIR LIVES AND PROVIDE THEM WITH RESOURSES THAT CAN HELP THEM THROUGH THOSE PITFALLS.Expenses $7,909
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2603353
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2026
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $913
- Income (IRS master file)
- $14,461
Revocation and reinstatement
- Exemption revoked
- May 15, 2025
- Posted by the IRS
- February 10, 2026
- Reinstated
- Effective May 15, 2025
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $14,461 | $7,909 | $913 | XML |
| 990 | December 2024 | $2,940 | $11,483 | $4,361 | XML |
| 990 | December 2023 | $1,223 | $18,523 | $12,904 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: NICHOLAS F HERMAN | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2603353).
Questions about INSTITUTE FOR FINANCIAL AWARENESS INC
- What is the EIN of INSTITUTE FOR FINANCIAL AWARENESS INC?
- The employer identification number (EIN) of INSTITUTE FOR FINANCIAL AWARENESS INC is 35-2603353.
- Is INSTITUTE FOR FINANCIAL AWARENESS INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2025 and reinstated it effective May 15, 2025.
- Are donations to INSTITUTE FOR FINANCIAL AWARENESS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR FINANCIAL AWARENESS INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INSTITUTE FOR FINANCIAL AWARENESS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR FINANCIAL AWARENESS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INSTITUTE FOR FINANCIAL AWARENESS INC?
- The 990 for the year ended December 31, 2025 names NICHOLAS F HERMAN.
- Who are the officers and directors of INSTITUTE FOR FINANCIAL AWARENESS INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does INSTITUTE FOR FINANCIAL AWARENESS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $14,461, expenses of $7,909 and total assets of $913 at year end.
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