2016-10-20T11:38:49-05:00 2016-03-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2015-04-01 136006960 Foundation for Economic Education Inc FOUN 4045549980 1819 Peachtree Road NE No 300 Atlanta GA 30309 Richard Lorenc Chief Operating Officer 4045549980 2016-10-20 1 Lori A Collingsworth P00639819 7038930300 2016-10-20 2015 2017-02-10 21:41:12Z X Richard Lorenc 1819 Peachtree Road NE No 300 Atlanta GA 30309 4290993 0 X http://fee.org/ X 1946 NY To promote and educate in the principles of sound economics 12 12 22 0 259275 257175 2129414 3222381 0 0 2738449 71832 427495 268786 5295358 3562999 51840 0 0 0 1219045 1350410 0 0 707527 2521861 2411859 3792746 3762269 1502612 -199270 8427235 7927895 507225 430821 7920010 7497074 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. 0 0 1536444 Seminars and Lectures - Promoting the philosophy of free market economics and the importing of general education relating to economic freedom. 565175 53802 Books and Publications - The dissemination of the results of research and study in the field of economics and the related branches of social science. 810416 Website Outreach - Promoting the philosophy of free market economics and education. 2912035 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 85 0 1 22 1 1 1 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 0 1 0 1 1 0 NY NJ GA NC WI X Wayne Olson Executive Director 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 Michael S Yashko Treasurer, Trustee 1.00 X X 0 0 0 Sarah Atkins Trustee 1.00 X 0 0 0 Kris Alan Mauren Trustee 1.00 X 0 0 0 Thomas Armstrong Jr 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 Dan Grossman 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 Lawrence W Reed President 40.00 X 145667 0 8997 Richard Lorenc Chief Operating Officer 40.00 X 98517 0 8511 Wayne Olson Executive Director 40.00 X 123333 0 3354 367517 0 20862 2 0 1 0 Crocker & Company 15 Walnut Road Suite 2A Hamilton MA 01982 Printing 136946 1 3222381 89556 3222381 58900 58900 11705 11705 683480 1450 670197 1801 13283 -351 12932 12932 53802 55996 -2194 -2194 S-Corporation net K-1 310000 259275 259275 259275 3562999 -2194 259275 83537 X 405641 297407 23831 84403 764308 571922 42789 149597 12659 11313 30 1316 83770 61005 4962 17803 84032 63940 2797 17295 5989 4538 395 1056 133250 100990 8766 23494 742788 542571 13298 186919 56059 51954 4105 469623 368402 10277 90944 44891 43108 65 1718 88072 66749 5794 15529 273184 189558 9109 74517 378396 378389 2 5 93840 71656 5514 16670 19886 9501 8175 2210 UBI Taxes 79514 60263 5231 14020 Dues and subscriptions 13919 9217 885 3817 Licenses and permits 12448 9552 787 2109 3762269 2912035 142707 707527 15766 154273 303474 191357 336841 120000 86428 156029 31673 44816 607001 380636 168424 226365 5642742 4997867 1780000 1655000 61887 382188 8427235 7927895 254544 239304 7999 38192 120681 128832 124001 24493 507225 430821 X 5884853 5720003 496674 229251 1538483 1547820 7920010 7497074 8427235 7927895 -199270 -223666 0 X X 0 1 X 1 0 X 2321879 2352336 4170925 2129414 3222381 14196935 2321879 2352336 4170925 2129414 3222381 14196935 2278182 11918753 88675 97564 223276 95531 70605 575651 95827 244872 220492 303667 257175 1122033 15894619 181088 0.74990 0.73930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1485448 14432 1499880 1506686 -9191 12047 1485448 1531480 -10167 14627 1506686 0.00000 1.00000 0.00000 0 0 34957 16582 18375 348824 270347 78477 223220 93707 129513 226365 20,000 Shares Metalcraft, Inc. 1655000 F 1655000 Charitable gift annuity 2738 Income taxes payable 21755 24493 X 3479440 -223666 84111 55996 -83559 3562999 0 3562999 3902376 84111 55996 140107 3762269 0 3762269 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. X X 0 0 0 0 0 0 0 0 0 Lawrence W Reed President 145667 0 0 0 0 0 3354 0 5643 0 154664 0 0 0 X 60000 Fair Market Value X 5 27556 Fair Market Value X Gifts/ Awards 1 2000 Fair Market Value 0 0 0 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. 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 11a, I 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.