2023-02-15T10:56:05-06:00 2022-03-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2021-04-01 136006960 Foundation for Economic Education Inc FOUN 4045549980 1776 Peachtree St NW Ste 710S Atlanta GA 303092311 Reid Benson Controller 4045549980 2023-02-14 1 Reid Benson 136006960 Lori A Collingsworth P00639819 7038930300 2023-02-14 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z Zilvinas Silenas 1776 Peachtree St NW Ste 710S Atlanta GA 303092311 11403119 0 X http://fee.org/ X 1946 NY To promote and educate in the principles of sound economics 12 12 41 0 763389 760789 6560640 6393075 0 0 576312 162664 787617 815530 7924569 7371269 0 0 0 0 2664944 2906000 228515 271973 1091686 1630342 3029984 4523801 6207957 3400768 1163312 11298202 13111057 317693 879409 10980509 12231648 The organization's mission is to educate students about the personal and social value of free-market economics, entrepreneurship, individual freedoms, self-responsibility, and high moral character in a free society. 0 0 3022463 Seminars and Lectures - Promoting entrepreneurship, self-responsibility, and a general understanding of economics and sound public policy. 994873 Books and Publications - The dissemination of the results of research and study in the field of economics and the related branches of the social sciences. 484691 Website Outreach - Promoting the study of free-market economics and the philosophy of self-responsibility. 4502027 1 1 0 0 0 0 0 0 1 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 52 0 1 41 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC X X Reid Benson Controller 4045549980 1776 Peachtree St NW Ste 710S Atlanta GA 303092311 Wayne Olson Chairman 4.00 X X 0 0 0 Dan Grossman Treasurer and Vice Chairman 1.00 X X 0 0 0 Fred Fransen Secretary 1.00 X X 0 0 0 Jake Lilly Trustee 1.00 X 0 0 0 Fred Reams Trustee 1.00 X 0 0 0 Thomas Graham Trustee 1.00 X 0 0 0 Thomas Beach Trustee 1.00 X 0 0 0 Sarah Atkins Trustee 1.00 X 0 0 0 Nathan Bond Trustee 1.00 X 0 0 0 Martin Gallun Trustee 1.00 X 0 0 0 Roger Ream Trustee 1.00 X 0 0 0 Chris Talley Trustee 1.00 X 0 0 0 Zilvinas Silenas President 40.00 X 177937 0 24771 Richard Lorenc Executive VP through 10/31/21 40.00 X 148828 0 14227 Dan Sanchez Director of Content 40.00 X 108370 0 16346 Lawrence Reed President Emeritus 40.00 X 106407 0 12306 Marianna Davidovich Director of External Relations 40.00 X 101997 0 0 Sean Malone Creative Director 40.00 X 113578 0 7614 Tekoa Coleman Director of Entreprenurial Education 40.00 X 105000 0 0 862117 0 75264 7 0 1 0 American Philanthropic 119 N High Street West Chester PA 19380 Professional Fundraiser 125947 1 6393075 130028 6393075 78272 78272 63747 63747 4068204 3983812 84392 84392 84392 29250 48038 -18788 -18788 S-Corporation net K-1 310000 763389 763389 Other revenue 900099 7182 7182 770571 7371269 -18788 763389 233593 335326 275428 16620 43278 2206986 1817750 107313 281923 33927 26725 2157 5045 136626 107620 8688 20318 193135 152132 12281 28722 27956 27956 25085 25085 271973 271973 585567 456679 90628 38260 496705 175045 98891 222769 208056 157709 15076 35271 167855 42341 125514 1195687 1195687 38815 28968 5318 4529 31467 23932 2209 5326 UBI Taxes 189110 189110 Dues and subscriptions 56263 42011 5494 8758 Licenses and permits 7418 7418 6207957 4502027 614244 1091686 315201 745573 880349 500 174975 75000 215242 169287 32111 99752 983841 921452 101204 62389 3800010 6154292 2966400 4028400 2812710 1775864 11298202 13111057 160857 653966 67502 126252 89334 99191 317693 879409 X 6771597 9139400 4208912 3092248 10980509 12231648 11298202 13111057 X 1163312 814741 -726914 X X 0 0 0 X 4595730 4185267 5331645 6560640 6393075 27066357 4595730 4185267 5331645 6560640 6393075 27066357 4061728 23004629 131739 182784 110273 87028 142019 653843 381542 410818 477458 473100 761789 2504707 30224907 728133 0.76110 0.73670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2838274 0 -231517 221589 2385168 1687029 1000000 1000815 849570 2838274 2170677 0 -96751 386897 1687029 1985119 0 185558 2170677 1746028 0 239091 1985119 0.00000 1.00000 0.00000 0 0 49181 46161 3020 488910 436513 52397 445750 438778 6972 62389 20,000 Shares Metalcraft, Inc. 4028400 F 4028400 Crytocurrencies 1335603 Security deposit 13034 Gold coins 43632 Donated artwork 1200 Beneficial interest in third-party trusts 65855 Assets held in charitable remainder trust 316540 1775864 Part IV, Line 2b: The Foundation is a trustee for a charitable remainder trust. The fair value of assets held by the trust is reported as an asset on the Foundation's balance sheet, and is offset by a liability representing amounts due to other beneficiary of charitable remainder trust. Part V, Line 4: The Foundation for Economic Education holds several long term investments received from contributions and grants specified by the donors to be used for endowments for scholarships and other program expenditures. North America - Canada and Mexico, but not the United States 0 1 Program Services Seminars & Lectures 40133 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 8 Program Services Seminars & Lectures 81479 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 Program Services Seminars & Lectures 44508 0 9 0 0 0 9 166120 0 166120 0 0 0 0 0 0 Part I, line 3: Foreign expenditures are directly tracked and accounted for on the accrual basis of accounting. Part III Accounting Method: X X X X X 1 Optimize Consulting PO Box 660121 Austin TX 78766 Digital Fundraising 0 101639 70773 30866 American Philanthropic 119 N High St West Chester PA 19380 Fundraising General Support 0 0 201200 -201200 101639 271973 -170334 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X X 0 0 0 0 0 0 0 0 0 Zilvinas Silenas President 157937 0 20000 0 0 0 4000 0 20771 0 202708 0 0 0 Richard Lorenc Executive VP through 10/31/21 138828 0 10000 0 0 0 4000 0 10227 0 163055 0 0 0 X 8 130028 Fair Market Value 0 1 0 Form 990, Part VI, Section A, line 1a Between the meetings of the Board of Trustees, its powers and duties shall be exercised and performed by the Executive Committee consisting of the Chairman of the Board, the Vice Chairman of the Board, the Secretary, the Treasurer and two trustees who shall be elected by the Board of Trustees. The Executive Committee shall not elect or remove trustees, officers, or members of committees of the Corporation; authorize, in the aggregate, an increased expenditure greater than 10% of the annual budget as approved by the Board of Trustees; sell or otherwise dispose of a principal asset of the Corporation other than in the normal course of investment and reinvestment decisions; authorize a merger, dissolution, or liquidation of the Corporation; or amend the Corporation's Certificate of Incorporation or the By-laws. Form 990, Part VI, Section B, line 11b A draft of the Federal Form 990 is provided to the organization for management review and approval. A complete copy is provided to the Governing Board prior to filing with the IRS. Form 990, Part VI, Section B, line 12c All FEE Trustees and executive officers are covered by a conflict of interest policy that is reviewed annually by the Board's Executive Committee, which determines conflicts. Section 4 of the policy details how to address persons with conflicts, as follows: a. An interested person may make a presentation at the Board or Executive Committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. b. The Chairperson of the Board or Executive Committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the Board or Executive Committee shall determine whether FEE can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board or Executive Committee shall determine by a majority vote of the disinterested trustees whether the transaction or arrangement is in FEE's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Form 990, Part VI, Section B, line 15a The Organization's Performance and Compensation Committee establishes criteria for the evaluation of the President's performance, conducts a review of the President's performance for each fiscal year, and submits a recommendation to the Board of Trustees at the annual meeting with respect to the President's compensation. This is reviewed, deliberated and decided by the Board of Trustees. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, Conflict of Interest Policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Unrealized gains (losses) other assets-cryptocurrencies -726,914. Form 990, Part IV, Line 12a and Part XII, Line 2b: FEE's independent audit was delayed in fiscal year 2022 is currently in process as of the filing date of the 990. George A Warren Trust UA DTD 91169 Foundation for Economic Education 1776 Peachtree St NW Ste 710S Atlanta GA 30309 046421546 Supporting Organization- See Part VII MA 501(c)(3) Line 12b, II 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 Schedule R, Part II, Column (b) Primary Activity To discover, develop and support students, scholars and other intellectuals who maintain the highest standards of academic and professional excellence.