Nonprofit · EIN 47-1524248
THE INSTITUTE OF CONSUMER MONEY MANAGEMENT
Tax-exempt · RALEIGH, NC 27612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,914,548 | $1,160,610 | $753,938 | $5,433,271 | $583 | $5,432,688 |
| June 30, 2024 | 990 | $443,234 | $834,898 | -$391,664 | $4,380,934 | $15,885 | $4,365,049 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,650,000
- of which government grants
- $1,650,000
- Program service revenue
- $0
- Investment income
- $251,200
- Net gain from sales of assets
- $126,056
- Other revenue
- $13,348
Expenses
- Grants and similar amounts paid
- $799,232
- Other salaries and wages
- $306,399
- Salaries, compensation and benefits (total)
- $306,399
- Professional fundraising fees
- $0
- Accounting fees
- $3,024
- Travel
- $6,665
- Program services (functional)
- $1,160,610
Balance sheet and other
- Total assets, start of year
- $4,380,934
- Total assets, end of year
- $5,433,271
- Total liabilities, end of year
- $583
- Net assets, end of year
- $5,432,688
- Publicly traded securities
- $5,202,251
- Net assets without donor restrictions
- $5,432,688
- Gross unrelated business income
- $138,492
- Gross receipts
- $12,334,587
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR DIANE CHEN | EXECUTIVE DIRECTOR Trustee or director, Officer | 25 | $0 |
| MONICA SMILEY | CHAIRMAN/PRESIDENT Trustee or director, Officer | 2 | $0 |
| DR TARA KENYON | BOARD DIRECTOR Trustee or director | 2 | $0 |
| LEE TATE | TREASURER Trustee or director, Officer | 2 | $0 |
| DR JEFFREY LEITER | BOARD DIRECTOR Trustee or director | 2 | $0 |
| ERIN KRUPA | BOARD DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR DIANE CHEN | EXECUTIVE DI Trustee or director, Officer | 25 | $0 |
| DR TARA KENYON | BOARD DIRECT Trustee or director | 2 | $0 |
| ERIN KRUPA | BOARD DIRECT Trustee or director | 2 | $0 |
| DR JEFFREY LEITER | BOARD DIRECT Trustee or director | 2 | $0 |
| MONICA SMILEY | CHAIRMAN/PRE Trustee or director, Officer | 2 | $0 |
| LEE TATE | TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3724 NATIONAL DRIVE, RALEIGH, NC 27612-4070
- In care of
- % DIANE CHEN
- Principal officer (990 for 2024)
- DR DIANE CHEN, 3700 BARRETT DRIVE, RALEIGH, NC 27609
- Signed the 990
- DR DIANE CHEN, EXECUTIVE DIRECTOR
- Phone
- (855) 672-3539
- Website
- WWW.ICMMNC.ORG
- Return prepared by
- RH CPAS PLLC
Mission
OUR MISSION IS TO CREATE A SUSTAINABLE FINANCIAL FUTURE FOR CONSUMERS. WE PROVIDE FUNDING FOR THE CONDUCTING OF RESEARCH AND STUDIES THAT PROMOTE POSITIVE SPENDING BEHAVIORS AND CONSUMER ASSET BUILDING. WE ARE COMMITTED TO PROMOTING FINANCIAL LITERACY IN OUR COMMUNITY AND ACROSS THE UNITED STATES.
Program accomplishments
- PROVIDE FUNDING FOR THE CONDUCTING OF RESEARCH AND STUDIES THAT PROMOTE POSITIVE SPENDING BEHAVIORS AND CONSUMER ASSET BUILDING.Expenses $1,160,610
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1524248
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $5,433,271
- Income (IRS master file)
- $12,334,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,914,548 | $1,160,610 | $5,433,271 | XML |
| 990 | June 2024 | $443,234 | $834,898 | $4,380,934 | XML |
| 990 | June 2023 | $414,692 | $970,697 | $4,397,839 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
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 47-1524248).
Questions about THE INSTITUTE OF CONSUMER MONEY MANAGEMENT
- What is the EIN of THE INSTITUTE OF CONSUMER MONEY MANAGEMENT?
- The employer identification number (EIN) of THE INSTITUTE OF CONSUMER MONEY MANAGEMENT is 47-1524248.
- Is THE INSTITUTE OF CONSUMER MONEY MANAGEMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to THE INSTITUTE OF CONSUMER MONEY MANAGEMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE INSTITUTE OF CONSUMER MONEY MANAGEMENT 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 THE INSTITUTE OF CONSUMER MONEY MANAGEMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE INSTITUTE OF CONSUMER MONEY MANAGEMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE INSTITUTE OF CONSUMER MONEY MANAGEMENT?
- The 990 for the year ended June 30, 2025 names DR DIANE CHEN.
- Who are the officers and directors of THE INSTITUTE OF CONSUMER MONEY MANAGEMENT?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does THE INSTITUTE OF CONSUMER MONEY MANAGEMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,914,548, expenses of $1,160,610 and total assets of $5,433,271 at year end.
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