2018-12-10T09:20:44-06:00 2018-03-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2017-04-01 136006960 Foundation for Economic Education Inc FOUN 4045549980 1819 Peachtree Road NE No 300 Atlanta GA 30309 Richard Lorenc Executive Vice President 4045549980 2018-12-07 1 Lori A Collingsworth P00639819 7038930300 2018-11-27 72.214.41.82 2018-12-10 10:19:40 ES P 5757F712A8161F6F3964D64EA127352BD3BB441C 5757F712A8161F6F3964D64EA127352BD3BB441C 2017 2019-02-21 02:37:17Z Richard Lorenc 1819 Peachtree Road NE No 300 Atlanta GA 30309 5279070 0 X http://fee.org/ X 1946 NY To promote and educate in the principles of sound economics 13 13 25 0 383892 381542 3496994 4595730 28032 106078 91273 97499 451719 433986 4068018 5233293 0 0 0 0 1656180 2028157 0 85208 951711 2312439 3174769 3968619 5288134 99399 -54841 8917599 9169055 918307 982989 7999292 8186066 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 2028376 106078 Seminars and Lectures - Promoting entrepreneurship, self-responsibility, and a general understanding of economics and sound public policy. 300603 38183 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. 1673286 Website Outreach - Promoting the study of free-market economics and the philosophy of self-responsibility. 4002265 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 1 0 0 0 0 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 98 0 1 25 1 1 1 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 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 Richard Lorenc Executive VP 4045549980 1819 Peachtree Road NE No 300 Atlanta GA 30309 Roger R Ream Chair, Trustee 1.00 X X 0 0 0 Harry H Langenberg Vice-Chair, Trustee 1.00 X X 0 0 0 Ingrid A Gregg Secretary, Trustee 1.00 X X 0 0 0 Dan Grossman Treasurer, Trustee 1.00 X X 0 0 0 Thomas Armstrong Jr Trustee 1.00 X 0 0 0 Sarah Atkins Trustee 1.00 X 0 0 0 Harold Jay Bowen III Trustee 1.00 X 0 0 0 Frederic J Fransen Trustee 1.00 X 0 0 0 Martin Gallun Trustee 1.00 X 0 0 0 Fred Reams Trustee 1.00 X 0 0 0 Chris Talley Trustee 1.00 X 0 0 0 John Westerfield Trustee 1.00 X 0 0 0 Michael Yashko Trustee 1.00 X 0 0 0 Lawrence W Reed President 40.00 X 176000 0 4000 Richard Lorenc Executive Vice President 40.00 X 122500 0 4000 Wayne Olson Executive Director 40.00 X 143252 0 4000 Justin Streiff Director of Development 40.00 X 130000 0 4000 Jeffrey Tucker Director of Content 40.00 X 154167 0 0 David Veksler Director of Marketing 40.00 X 150000 0 4000 875919 0 20000 6 0 1 0 Omni Hotels at CNN Center 100 CNN Center NW Atlanta GA 30303 Conference 159015 PPI 4719 Fulton Industrial Blvd Atlanta GA 30336 Event Services 115037 2 4595730 42452 4595730 Student seminars 611710 106078 106078 106078 88765 88765 42974 42974 23448 14714 8734 8734 8734 38183 31063 7120 7120 S-Corporation net K-1 310000 383892 383892 383892 5233293 113198 383892 140473 439774 311400 19400 108974 1295523 947497 61671 286355 22769 15806 2513 4450 144122 14608 123191 6323 125969 90379 7194 28396 46358 30715 5174 10469 99572 65973 11113 22486 85208 85208 242052 211646 450 29956 167256 145229 1405 20622 543827 367860 23623 152344 140324 136508 3806 10 145179 96190 16203 32786 252018 167437 8843 75738 1208697 1182711 12799 13187 113761 75374 12696 25691 17776 11778 1984 4014 UBI Taxes 190899 126483 21306 43110 Dues and subscriptions 7050 4671 787 1592 5288134 4002265 334158 951711 75843 270084 417333 416442 288306 150000 177088 130379 147188 55088 867964 632855 254387 235109 5237556 5461037 1896000 1972000 423898 478916 8917599 9169055 245772 333770 514142 470626 150266 171240 8127 7353 918307 982989 X 5893817 6154836 553444 475458 1552031 1555772 7999292 8186066 8917599 9169055 -54841 241615 0 X X 0 1 X 1 0 X 4170925 2129414 3222381 3496994 4595730 17615444 4170925 2129414 3222381 3496994 4595730 17615444 2982299 14633145 223276 95531 70605 135041 131739 656192 220492 303667 257175 389007 381542 1551883 19823519 402375 0.73820 0.72690 X 0 1 X 1746028 239091 1985119 1499880 246148 1746028 1485448 14432 1499880 1506686 -9191 12047 1485448 1531480 -10167 14627 1506686 0.00000 0.78370 0.21630 0 0 49181 34043 15138 411739 336498 75241 407044 262314 144730 235109 20,000 Shares Metalcraft, Inc. 1972000 F 1972000 Bitcoin 11793 Security deposit 13034 Gold coins 29490 Donated artwork 1200 Beneficial interest in third-party trusts 80918 Assets held in charitable remainder trust 342481 478916 Income taxes payable 7353 7353 X 5939688 241615 433717 31063 706395 5233293 0 5233293 5752914 433717 31063 464780 5288134 0 5288134 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. Part X, Line 2: Management has evaluated the Foundation's tax positions and concluded that the Foundation's financial statements do not include any uncertain tax positions. Part XI, Line 2d - Other Adjustments: Cost of goods sold 31,063. Part XII, Line 2d - Other Adjustments: Cost of goods sold 31,063. X X X X 1 American Philanthropic 18 North Church St 2 West Chester PA 19380 Fundraising consultant 0 0 85208 -85208 85208 -85208 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 Lawrence W Reed President 156000 0 20000 0 0 0 4000 0 0 0 180000 0 0 0 Jeffrey Tucker Director of Content 144167 0 10000 0 0 0 0 0 0 0 154167 0 0 0 David Veksler Director of Marketing 140000 0 10000 0 0 0 4000 0 0 0 154000 0 0 0 X 8 42452 Fair Market Value 0 0 0 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 15 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 XII, Line 2c: The Organization's Board of Trustees is responsible for oversight of the audit, including selection of the independent accountant. The process has not changed from previous years. George A Warren Trust UA DTD 91169 Foundation for Economic Education 1819 Peachtree Road NE Suite 300 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.