FOUNDATION FOR ECONOMIC EDUCATION INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR ECONOMIC EDUCATION INC (EIN 13-6006960)
- Tax period
- 2015-04-01 to 2016-03-31
- Filed
- 2016-10-20
- IRS object ID
- 201622949349300217
- Schema version
- 2015v2.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-10-20T11:38:49-05:00 | ReturnTs |
| Tax Period End | 2016-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 582676261 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rogers & Company PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8300 Boone Boulevard Suite 600 | AddressLine1Txt |
| City | Vienna | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22182 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136006960 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation for Economic Education Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 4045549980 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1819 Peachtree Road NE No 300 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30309 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Richard Lorenc | PersonNm |
| Person Title | Chief Operating Officer | PersonTitleTxt |
| Phone | 4045549980 | PhoneNum |
| Signature | 2016-10-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Lori A Collingsworth | PreparerPersonNm |
| PTIN | P00639819 | PTIN |
| Phone | 7038930300 | PhoneNum |
| Preparation | 2016-10-20 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | Richard Lorenc | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1819 Peachtree Road NE No 300 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,290,993 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | http://fee.org/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1946 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | To promote and educate in the principles of sound economics | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 22 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $259,275 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $257,175 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,129,414 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,222,381 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,738,449 | PYInvestmentIncomeAmt |
| CY Investment Income | $71,832 | CYInvestmentIncomeAmt |
| PY Other Revenue | $427,495 | PYOtherRevenueAmt |
| CY Other Revenue | $268,786 | CYOtherRevenueAmt |
| PY Total Revenue | $5,295,358 | PYTotalRevenueAmt |
| CY Total Revenue | $3,562,999 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $51,840 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,219,045 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,350,410 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $707,527 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,521,861 | PYOtherExpensesAmt |
| CY Other Expenses | $2,411,859 | CYOtherExpensesAmt |
| PY Total Expenses | $3,792,746 | PYTotalExpensesAmt |
| CY Total Expenses | $3,762,269 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,502,612 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$199,270 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,427,235 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,927,895 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $507,225 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $430,821 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,920,010 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,497,074 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The organization's mission is to offer the most consistent case for the "first principles" of freedoms: the sanctity of private property, individual liberty, the rule of law, the free market and the moral superiority of individual choice and responsibility over coercion. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,536,444 | ExpenseAmt |
| Desc | Seminars and Lectures - Promoting the philosophy of free market economics and the importing of general education relating to economic freedom. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $565,175 | ExpenseAmt |
| Revenue | $53,802 | RevenueAmt |
| Desc | Books and Publications - The dissemination of the results of research and study in the field of economics and the related branches of social science. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $810,416 | ExpenseAmt |
| Desc | Website Outreach - Promoting the philosophy of free market economics and education. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $2,912,035 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 85 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 22 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Wayne Olson Executive Director | PersonNm |
| Phone | 4045549980 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1819 Peachtree Road NE No 300 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30309 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Roger R Ream | ||||||
| Chair, Trustee | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Harry H Langenberg | ||||||
| Vice-Chair, Trustee | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Ingrid A Gregg | ||||||
| Secretary, Trustee | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Michael S Yashko | ||||||
| Treasurer, Trustee | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Sarah Atkins | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Kris Alan Mauren | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Thomas Armstrong Jr | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Harold Jay Bowen III | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Frederic J Fransen | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Dan Grossman | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Chris Talley | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| John Westerfield | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Lawrence W Reed | ||||||
| President | 40.00 | Yes (X) | $145,667 | $0 | $8,997 | |
| Richard Lorenc | ||||||
| Chief Operating Officer | 40.00 | Yes (X) | $98,517 | $0 | $8,511 | |
| Wayne Olson | ||||||
| Executive Director | 40.00 | Yes (X) | $123,333 | $0 | $3,354 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $367,517 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $20,862 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Crocker & Company | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 Walnut Road Suite 2A | AddressLine1Txt |
| City | Hamilton | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01982 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Printing | ServicesDesc |
| Compensation | $136,946 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $3,222,381 | AllOtherContributionsAmt |
| Noncash Contributions | $89,556 | NoncashContributionsAmt |
| Total Contributions | $3,222,381 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $58,900 | TotalRevenueColumnAmt |
| Exclusion | $58,900 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,705 | TotalRevenueColumnAmt |
| Exclusion | $11,705 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $683,480 | SecuritiesAmt |
| Other | $1,450 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $670,197 | SecuritiesAmt |
| Other | $1,801 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,283 | SecuritiesAmt |
| Other | -$351 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,932 | TotalRevenueColumnAmt |
| Exclusion | $12,932 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $53,802 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $55,996 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,194 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$2,194 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | S-Corporation net K-1 | Desc |
| Business | 310000 | BusinessCd |
| Total Revenue Column | $259,275 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $259,275 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $259,275 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,562,999 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$2,194 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $259,275 | UnrelatedBusinessRevenueAmt |
| Exclusion | $83,537 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $405,641 | TotalAmt |
| Program Services | $297,407 | ProgramServicesAmt |
| Management And General | $23,831 | ManagementAndGeneralAmt |
| Fundraising | $84,403 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $764,308 | TotalAmt |
| Program Services | $571,922 | ProgramServicesAmt |
| Management And General | $42,789 | ManagementAndGeneralAmt |
| Fundraising | $149,597 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,659 | TotalAmt |
| Program Services | $11,313 | ProgramServicesAmt |
| Management And General | $30 | ManagementAndGeneralAmt |
| Fundraising | $1,316 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,770 | TotalAmt |
| Program Services | $61,005 | ProgramServicesAmt |
| Management And General | $4,962 | ManagementAndGeneralAmt |
| Fundraising | $17,803 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,032 | TotalAmt |
| Program Services | $63,940 | ProgramServicesAmt |
| Management And General | $2,797 | ManagementAndGeneralAmt |
| Fundraising | $17,295 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,989 | TotalAmt |
| Program Services | $4,538 | ProgramServicesAmt |
| Management And General | $395 | ManagementAndGeneralAmt |
| Fundraising | $1,056 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,250 | TotalAmt |
| Program Services | $100,990 | ProgramServicesAmt |
| Management And General | $8,766 | ManagementAndGeneralAmt |
| Fundraising | $23,494 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $742,788 | TotalAmt |
| Program Services | $542,571 | ProgramServicesAmt |
| Management And General | $13,298 | ManagementAndGeneralAmt |
| Fundraising | $186,919 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,059 | TotalAmt |
| Program Services | $51,954 | ProgramServicesAmt |
| Fundraising | $4,105 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $469,623 | TotalAmt |
| Program Services | $368,402 | ProgramServicesAmt |
| Management And General | $10,277 | ManagementAndGeneralAmt |
| Fundraising | $90,944 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,891 | TotalAmt |
| Program Services | $43,108 | ProgramServicesAmt |
| Management And General | $65 | ManagementAndGeneralAmt |
| Fundraising | $1,718 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,072 | TotalAmt |
| Program Services | $66,749 | ProgramServicesAmt |
| Management And General | $5,794 | ManagementAndGeneralAmt |
| Fundraising | $15,529 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,184 | TotalAmt |
| Program Services | $189,558 | ProgramServicesAmt |
| Management And General | $9,109 | ManagementAndGeneralAmt |
| Fundraising | $74,517 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $378,396 | TotalAmt |
| Program Services | $378,389 | ProgramServicesAmt |
| Management And General | $2 | ManagementAndGeneralAmt |
| Fundraising | $5 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,840 | TotalAmt |
| Program Services | $71,656 | ProgramServicesAmt |
| Management And General | $5,514 | ManagementAndGeneralAmt |
| Fundraising | $16,670 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,886 | TotalAmt |
| Program Services | $9,501 | ProgramServicesAmt |
| Management And General | $8,175 | ManagementAndGeneralAmt |
| Fundraising | $2,210 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| UBI Taxes | $79,514 | $60,263 | $5,231 | $14,020 |
| Dues and subscriptions | $13,919 | $9,217 | $885 | $3,817 |
| Licenses and permits | $12,448 | $9,552 | $787 | $2,109 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,762,269 | TotalAmt |
| Program Services | $2,912,035 | ProgramServicesAmt |
| Management And General | $142,707 | ManagementAndGeneralAmt |
| Fundraising | $707,527 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,766 | BOYAmt |
| EOY | $154,273 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $303,474 | BOYAmt |
| EOY | $191,357 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $336,841 | BOYAmt |
| EOY | $120,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,428 | BOYAmt |
| EOY | $156,029 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,673 | BOYAmt |
| EOY | $44,816 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $607,001 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $380,636 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,424 | BOYAmt |
| EOY | $226,365 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,642,742 | BOYAmt |
| EOY | $4,997,867 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,780,000 | BOYAmt |
| EOY | $1,655,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,887 | BOYAmt |
| EOY | $382,188 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,427,235 | BOYAmt |
| EOY | $7,927,895 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $254,544 | BOYAmt |
| EOY | $239,304 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,999 | BOYAmt |
| EOY | $38,192 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,681 | BOYAmt |
| EOY | $128,832 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,001 | BOYAmt |
| EOY | $24,493 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $507,225 | BOYAmt |
| EOY | $430,821 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,884,853 | BOYAmt |
| EOY | $5,720,003 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $496,674 | BOYAmt |
| EOY | $229,251 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,538,483 | BOYAmt |
| EOY | $1,547,820 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,920,010 | BOYAmt |
| EOY | $7,497,074 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,427,235 | BOYAmt |
| EOY | $7,927,895 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$199,270 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$223,666 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,321,879 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,352,336 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,170,925 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,129,414 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,222,381 | CurrentTaxYearAmt |
| Total | $14,196,935 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,321,879 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,352,336 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,170,925 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,129,414 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,222,381 | CurrentTaxYearAmt |
| Total | $14,196,935 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,278,182 | SubstantialContributorsTotAmt |
| Public Support Total170 | $11,918,753 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $88,675 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $97,564 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $223,276 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $95,531 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $70,605 | CurrentTaxYearAmt |
| Total | $575,651 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $95,827 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $244,872 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $220,492 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $303,667 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $257,175 | CurrentTaxYearAmt |
| Total | $1,122,033 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $15,894,619 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $181,088 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.74990 | PublicSupportCY170Pct |
| Public Support PY170 | 0.73930 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,485,448 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $14,432 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,499,880 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,506,686 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$9,191 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $12,047 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,485,448 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,531,480 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$10,167 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $14,627 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,506,686 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,957 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,582 | DepreciationAmt |
| Book Value | $18,375 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $348,824 | OtherCostOrOtherBasisAmt |
| Depreciation | $270,347 | DepreciationAmt |
| Book Value | $78,477 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $223,220 | OtherCostOrOtherBasisAmt |
| Depreciation | $93,707 | DepreciationAmt |
| Book Value | $129,513 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $226,365 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 20,000 Shares Metalcraft, Inc. | Desc |
| Book Value | $1,655,000 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,655,000 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Charitable gift annuity | $2,738 |
| Income taxes payable | $21,755 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $24,493 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,479,440 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$223,666 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $84,111 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $55,996 | OtherRevenueAmt |
| Revenue Not Reported | -$83,559 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,562,999 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,562,999 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,902,376 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $84,111 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $55,996 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $140,107 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,762,269 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,762,269 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 55,996. |
| Part XII, Line 2d - Other Adjustments: | Cost of goods sold 55,996. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lawrence W Reed | PersonNm |
| Title | President | TitleTxt |
| Base Compensation Filing Org | $145,667 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $3,354 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $5,643 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $154,664 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $60,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $27,556 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Gifts/ Awards | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | 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 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 IX, line 11g | Professional Fees - Writers: Program service expenses 56,980. Management and general expenses 0. Fundraising expenses 0. Total expenses 56,980. Professional Fees - General: Program service expenses 28,521. Management and general expenses 12. Fundraising expenses 27,354. Total expenses 55,887. Professional Fees - Consulting: Program service expenses 143,932. Management and general expenses 12,126. Fundraising expenses 90,378. Total expenses 246,436. Professional Fees - Design: Program service expenses 84,209. Management and general expenses 0. Fundraising expenses 6,445. Total expenses 90,654. Professional Fees - Editing: Program service expenses 55,507. Management and general expenses 0. Fundraising expenses 0. Total expenses 55,507. Professional Fees - Video: Program service expenses 9,440. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,440. Outside Services - General: Program service expenses 163,982. Management and general expenses 1,160. Fundraising expenses 62,742. Total expenses 227,884. |
| 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | George A Warren Trust UA DTD 91169 Foundation for Economic Education | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1819 Peachtree Road NE Suite 300 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046421546 | EIN |
| Primary Activities | Supporting Organization- See Part VII | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 11a, I | PublicCharityStatusTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule R, Part II, Column (b) Primary Activity | FormAndLineReferenceDesc |
| Explanation | To discover, develop and support students, scholars and other intellectuals who maintain the highest standards of academic and professional excellence. | ExplanationTxt |
Comments