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US nonprofit · EIN 352603353 · Gaithersburg, MDiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 352603353) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe tenure.Latest return IRS Form 990 series e-file data - 990 for the year to 31 December 2023: assets, liabilities, staff, website, telephone, pay.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue (us-approach-v4-clean). Not a statement that the organisation is recruiting.Principal officer IRS Form 990-N (e-Postcard) - principal officer named for tax year 2018.Exemption status IRS Automatic Revocation of Exemption List (posted to 13 October 2026).Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

Institute for Financial Awareness Inc

Donations deductible
Revenue
$1k
year to 31 December 2023
Expenses
$19k
year to 31 December 2023
Total assets
$13k
$10k liabilities
Net assets
$3k
assets less liabilities
Directors and trustees
3
7.4y av
Staff
0
employees, year to 31 December 2023
Left since last filing
0
no seats appear to have opened
Voting members
3
reported in Part VI
Exemption reinstated on 15 May 2025. The IRS had automatically revoked it on 15 May 2025 (after three years without a return). Source: IRS Automatic Revocation of Exemption List, posted to 13 October 2026.
How am I connected?

Institute for Financial Awareness Inc's network

3 peoplei3 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (3). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.

The board

3 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 3 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Eric J SeboldDirector2019
7 yrs
Laliana G HermanDirector2019
7 yrs
Nicholas F HermanCEO2019
7 yrs
Under 5 years5 to 6 years6 years or more

Pay and hours

year to 31 December 2023iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Laliana G HermanDirector$0
Nicholas F HermanCEO$0
Eric J SeboldDirector$0

No pay was reported for anyone in Part VII on this return.

About

Legal name
Institute for Financial Awareness Inc
EIN
352603353
Address
17b Firstfield Rd Ste 108, Gaithersburg, MD, 20878-1785
State
Maryland
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. (as filed on the Form 990)
Activity (NTEE)
B90 Education
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Education
Size band
2 (IRS master file code)
Formed
2017
Principal officer
Nicholas F Herman (as named on the Form 990)
IRS ruling date
1 April 2026
Status
Code 01 (unconditional exemption)
Form 990 filings on record
2, latest 2020
IRS Publication 78
PC (contributions deductible)

Most connected

Longest observed on the filings

≥7years on the filingsEric J Sebold
≥7years on the filingsLaliana G Herman
≥7years on the filingsNicholas F Herman

Latest return

year to 31 December 2023iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2023. US dollars, as filed.
Total assets
$13k
Total liabilities
$10k
Net assets or fund balances
$3k
Contributions and grants received
$1k
Program service revenue
$0
Employees
0