FINANCIAL DATA EXCHANGE: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
FINANCIAL DATA EXCHANGE (EIN 99-4484150)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-15
IRS object ID
202631359349303653
Schema version
2025v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-15T10:02:20-04:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030464684PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PATRICK & RAINES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14029 ATLANTIC BLVDAddressLine1Txt
CityJACKSONVILLECityNm
State AbbreviationFLStateAbbreviationCd
ZIP322072036ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN994484150EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FINANCIAL DATA EXCHANGE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFINABusinessNameControlTxt
Phone7039469195PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12223 S HIGHLAND DR E67 STE 202AddressLine1Txt
CitySALT LAKE CITYCityNm
State AbbreviationUTStateAbbreviationCd
ZIP841062882ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCORY MILLARPersonNm
Person TitleVP OF FINANCEPersonTitleTxt
Phone7039469195PhoneNum
Signature2026-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTIMOTHY P RAINES CPAPreparerPersonNm
PTINP00112741PTIN
Phone9043965400PhoneNum
Preparation2026-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKEVIN FELTESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13945 NEWHALL ROADAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43220ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,764,411GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.FINANCIALDATAEXCHANGE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2024FormationYr
Legal Domicile StateUTLegalDomicileStateCd
Activity Or MissionFDX IS DEDICATED TO UNIFYING THE FINANCIAL INDUSTRY AROUND A COMMON STANDARD FOR THE SECURE AND CONVENIENCE ACCESS OF PERMISSIONED CONSUMER AND BUSINESS FINANCIAL DATA. GET THE LATEST ON CFPB'S FINAL 1033 RULE AND SEE WHY FDX MEMBERSHIP PUTS YOUR ORGANIZATION AT THE FOREFRONT OF OPEN BANKING.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee11TotalEmployeeCnt
Total Volunteers13TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,014,577PYContributionsGrantsAmt
CY Contributions Grants$5,287,150CYContributionsGrantsAmt
PY Program Service Revenue$40,900PYProgramServiceRevenueAmt
CY Program Service Revenue$441,799CYProgramServiceRevenueAmt
PY Investment Income$1PYInvestmentIncomeAmt
CY Investment Income$35,462CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,055,478PYTotalRevenueAmt
CY Total Revenue$5,764,411CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$653,287PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,778,230CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$969,063PYOtherExpensesAmt
CY Other Expenses$1,804,595CYOtherExpensesAmt
PY Total Expenses$1,622,350PYTotalExpensesAmt
CY Total Expenses$5,582,825CYTotalExpensesAmt
PY Revenues Less Expenses-$566,872PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$181,586CYRevenuesLessExpensesAmt
Total Assets BOY$2,788,702TotalAssetsBOYAmt
Total Assets EOY$3,423,557TotalAssetsEOYAmt
Total Liabilities BOY$2,493,881TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,947,150TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$294,821NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$476,407NetAssetsOrFundBalancesEOYAmt
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescFDX IS DEDICATED TO UNIFYING THE FINANCIAL INDUSTRY AROUND A COMMON STANDARD FOR THE SECURE AND CONVENIENCE ACCESS OF PERMISSIONED CONSUMER AND BUSINESS FINANCIAL DATA.GET THE LATEST ON CFPB'S FINAL 1033 RULE AND SEE WHY FDX MEMBERSHIP PUTS YOUR ORGANIZATION AT THE FOREFRONT OF OPEN BANKING.Desc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document12IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee11EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKENDRA MOKAVESPersonNm
Phone7039469195PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110332 MAIN STREETAddressLine1Txt
Address Line2SUITEAddressLine2Txt
CityFAIRFAXCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22030ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KEVIN FELTES
DIRECTOR40.00Yes (X)Yes (X)$550,000$0$0
DONALD CARDINAL
MANAGING DIR40.00Yes (X)$393,711$0$0
BRADLEY JACOBSEN
G COUNSEL &40.00Yes (X)$350,576$0$0
CORY MILLAR
VP OF FINANC40.00Yes (X)$0$0$300,000
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,294,287TotalReportableCompFromOrgAmt
Total Other Compensation$300,000TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$5,287,150MembershipDuesAmt
Total Contributions$5,287,150TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescREVENUE:SUMMIT AND EVENT REVEDesc
Total Revenue Column$441,799TotalRevenueColumnAmt
Related Or Exempt Func Income$441,799RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$441,799TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$35,462TotalRevenueColumnAmt
Related Or Exempt Func Income$35,462RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,764,411TotalRevenueColumnAmt
Related Or Exempt Func Income$477,261RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,594,288TotalAmt
Program Services$1,355,145ProgramServicesAmt
Management And General$239,143ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,183,942TotalAmt
Program Services$1,856,351ProgramServicesAmt
Management And General$327,591ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$69,231TotalAmt
Program Services$69,231ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$111,711TotalAmt
Program Services$106,125ProgramServicesAmt
Management And General$5,586ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$213,566TotalAmt
Program Services$213,566ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$198,890TotalAmt
Program Services$198,890ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PROFESSIONAL SUPPORT$492,074$492,074
EXPECTED CREDIT LOSS$361,864$361,864
SUMMIT EXPENES$357,259$357,259

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,582,825TotalAmt
Program Services$5,010,505ProgramServicesAmt
Management And General$572,320ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,280,622BOYAmt
EOY$2,229,200EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$857,399BOYAmt
EOY$654,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$99,130BOYAmt
EOY$113,980EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$913,975LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$487,598LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$551,551BOYAmt
EOY$426,377EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,788,702BOYAmt
EOY$3,423,557EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$409,355BOYAmt
EOY$814,113EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,715,650BOYAmt
EOY$1,755,712EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$368,876BOYAmt
EOY$377,325EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,493,881BOYAmt
EOY$2,947,150EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$294,821BOYAmt
EOY$476,407EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$294,821BOYAmt
EOY$476,407EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,788,702BOYAmt
EOY$3,423,557EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$181,586ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd

Schedule D IRS990ScheduleD

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED INCOME-LONG TERM$277,325
LONG-TERM BONUS ACCURAL$100,000
FieldValueIRS element (for citing)
Total Liability$377,325TotalLiabilityAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt
KEVIN FELTES
DIRECTOR$550,000$550,000
DONALD CARDINAL
MANAGING DIRECTOR$393,711$393,711
BRADLEY JACOBSEN
G COUNSEL & CORP SEC$350,576$350,576
CORY MILLAR
VP OF FINANCE$300,000$300,000

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITESFDX IS DEDICATED TO UNIFYING THE FINANCIAL INDUSTRY AROUND A COMMON STANDARD FOR THE SECURE AND CONVENIENCE ACCESS OF PERMISSIONED CONSUMER AND BUSINESS FINANCIAL DATA. GET THE LATEST ON CFPB'S FINAL 1033 RULE AND SEE WHY FDX MEMBERSHIP PUTS YOUR ORGANIZATION AT THE FOREFRONT OF OPEN BANKING.
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC

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