Nonprofit · EIN 38-3844292
AMERICAN FINANCIAL EDUCATION ALLIANCE
Also known as AFEA
Tax-exempt · MATTHEWS, NC 28105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,762,195 | $1,598,886 | $163,309 | $368,606 | $148,994 | $219,612 |
| December 31, 2024 | 990 | $1,301,690 | $1,307,642 | -$5,952 | $206,303 | $150,000 | $56,303 |
| December 31, 2023 | 990 | $1,035,549 | $1,120,950 | -$85,401 | $212,726 | $150,471 | $62,255 |
| December 31, 2022 | 990 | $953,296 | $1,053,459 | -$100,163 | $303,436 | $155,555 | $147,881 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $777,017
- Membership dues
- $776,867
- Program service revenue
- $4,563,792
- Investment income
- $4
- Royalties
- $2,560
- Net income from sales of inventory
- -$3,581,200
- Other revenue
- -$3,578,618
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $5,819
- Compensation of officers, directors and key employees
- $310,949
- Other salaries and wages
- $675,819
- Salaries, compensation and benefits (total)
- $1,153,797
- Professional fundraising fees
- $0
- Accounting fees
- $3,808
- Occupancy
- $2,927
- Travel
- $18,955
- Program services (functional)
- $478,709
- Management and general (functional)
- $1,120,177
Balance sheet and other
- Total assets, start of year
- $206,303
- Total assets, end of year
- $368,606
- Total liabilities, end of year
- $148,994
- Net assets, end of year
- $219,612
- Net assets without donor restrictions
- $219,612
- Gross receipts
- $1,762,195
- Employees
- 0
- Volunteers
- 19
- Year formed
- 2011
- State of legal domicile
- NC
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 |
|---|---|---|---|
| JAMES MCCLANAHAN | PRESIDENT Officer | 40 | $0 |
| KAELEEN BRUCE | – Officer, Key employee | 0 | $0 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES MCCLANAHAN | PRESIDENT Officer | 40 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES MCCLANAHAN | President Officer | 40 | $0 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES MCCLANAHAN | President Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 10020 MONROE RD STE 170 PMB 23, MATTHEWS, NC 28105-5493
- In care of
- % KAELEEN BRUCE
- Mailing address (990-N for 2013)
- 8510 McAlpine Park Dr Ste 201, Charlotte NC 28211
- Principal officer (990 for 2025)
- KAELEEN BRUCE, 10020 MONROE RD STE 170-234, MATTHEWS, NC 28105
- Principal officer (990-N for 2013)
- James McClanahan, 8510 McAlpine Park Dr Ste 201, Charlotte NC 28211
- Signed the 990
- KAELEEN BRUCE, PRINCIPAL
- Phone
- (704) 845-9030
- Website
- www.myafea.org
- Return prepared by
- VADS Consulting Private Limited
Mission
ALL OTHER ACCOMPLISHMENT FINANCIAL WELLNESS PROGRAM PROVIDES LITTLE TO NO COST EDUCATIONAL WORKSHOPS COVERING THE MOST RELEVANT AND CHALLENGING FINANCIAL TOPICS AMERICANS FACE TODAY IN COMMUNITIES NATIONWIDE.
Program accomplishments
- AFEA DELIVERED OVER 2,000 FINANCIAL EDUCATION WORKSHOPS NATIONWIDE IN 2025, REACHING THOUSANDS OF INDIVIDUALS WITH LITTLE TO NO COST EDUCATIONAL PROGRAMMING. WORKSHOPS ADDRESSED THE MOST PRESSING FINANCIAL CHALLENGES AMERICANS FACE TODAY, BENEFITING BOTH ATTENDEES AND HOST ORGANIZATIONS ACROSS THE COUNTRY.Expenses $478,709 · revenue $615,444
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 38-3844292
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $368,606
- Income (IRS master file)
- $1,762,195
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,762,195 | $1,598,886 | $368,606 | IRS |
| 990 | December 2024 | $1,301,690 | $1,307,642 | $206,303 | IRS |
| 990 | December 2023 | $1,035,549 | $1,120,950 | $212,726 | XML |
| 990 | December 2022 | $953,296 | $1,053,459 | $303,436 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: James McClanahan | December 31, 2013 | ≤ $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 38-3844292).
Questions about AMERICAN FINANCIAL EDUCATION ALLIANCE
- What is the EIN of AMERICAN FINANCIAL EDUCATION ALLIANCE?
- The employer identification number (EIN) of AMERICAN FINANCIAL EDUCATION ALLIANCE is 38-3844292.
- Is AMERICAN FINANCIAL EDUCATION ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to AMERICAN FINANCIAL EDUCATION ALLIANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN FINANCIAL EDUCATION ALLIANCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN FINANCIAL EDUCATION ALLIANCE 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 AMERICAN FINANCIAL EDUCATION ALLIANCE 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 AMERICAN FINANCIAL EDUCATION ALLIANCE?
- The 990 for the year ended December 31, 2025 names KAELEEN BRUCE.
- Who are the officers and directors of AMERICAN FINANCIAL EDUCATION ALLIANCE?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does AMERICAN FINANCIAL EDUCATION ALLIANCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,762,195, expenses of $1,598,886 and total assets of $368,606 at year end.
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